GOOD EVENING INDIA

May 26, 2019, Sunday

Your Evening News Updates From Across The Media Space

India will have to wait for world’s cheapest wind power as delays hit projects

India will have to wait for world’s cheapest wind power as delays hit projects

India has drawn global attention since it started awarding wind power projects at record-low tariffs, spurring optimism that renewable energy could supplant the nation’s abundant coal resources in electricity generation.

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Only 30% of wind capacity commissioned due to unviable bids, policy delay

Only 30% of wind capacity commissioned due to unviable bids, policy delay

Of the around 2943 megawatt (MW) capacity of wind power that was bid out in 2017, less than 30 per cent has been commissioned so far. Industry officials point out unviable bidding and delay in formulation in Gujarat’s new land policy has contributed to the slow implementation.

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UK commits over £150 million to power India’s energy ambitions

UK commits over £150 million to power India’s energy ambitions

The joint UK-India Green Growth Equity Fund on Thursday announced its first investment into Ayana Renewable Power as part of a new partnership with CDC Group (the UK government’s development finance institution),

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Essar Steel case: NCLAT directs NCLT Ahmedabad to take call on ArcelorMittal’s bid by March 8

Essar Steel case: NCLAT directs NCLT Ahmedabad to take call on ArcelorMittal’s bid by March 8

The National Company Law Appellate Tribunal (NCLAT) Thursday directed the NCLT Ahmedabad bench to take a decision on the Rs 42,000-crore resolution plan submitted by ArcelorMittal for debt-ridden Essar Steel by March 8.

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Cabinet likely to clear Rs 10,000 cr FAME II scheme for electric and Hybrid vehicles

Cabinet likely to clear Rs 10,000 cr FAME II scheme for electric and Hybrid vehicles

The Union Cabinet is likely to clear on Thursday a Rs 10,000-crore programme under the FAME-II scheme for promotion of electric and hybrid vehicles, according to official sources.

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New electricity cable infrastructure on cards via Rs 37,000 crore scheme

New electricity cable infrastructure on cards via Rs 37,000 crore scheme

The Centre is considering a Rs 37,000-crore scheme to fund new overhead electricity distribution cabling infrastructure in states for prevention of rampant power theft.

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What is keeping Coal India's stock down despite improving fundamentals?

What is keeping Coal India's stock down despite improving fundamentals?

Why does Coal India’s share price keep falling despite improving fundamentals? One prime suspect is increasing share issuances. The government has brought down its stake from 80 percent in December 2017 to 72.91 percent in December 2018.

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Coal India to reopen mines to increase output, generate local jobs

Coal India to reopen mines to increase output, generate local jobs

Coal India (CIL) has decided to reopen a number of mines that were closed earlier due to safety or viability issues. It is an endeavour to generate local employment and increase production of higher grade of coal.

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NSE to introduce Brent crude oil in commodity derivatives segment

NSE to introduce Brent crude oil in commodity derivatives segment

The National Stock Exchange of India (NSE) has said it will launch its inaugural crude oil contract on March 1.
The NSE has signed an agreement with ICIS, a leading global market information provider

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GAIL evaluating buying stake in Adani's east coast LNG terminal

GAIL evaluating buying stake in Adani's east coast LNG terminal

The chairman of India's GAIL said on Wednesday the company was evaluating buying a stake in the Adani Group's proposed 5 million tonnes per annum Dhamra liquefied natural gas (LNG) terminal on India's eastern coast

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IGL selects Genesis Gas Solutions for pre-paid metering system

IGL selects Genesis Gas Solutions for pre-paid metering system

Indraprastha Gas Limited (IGL) has selected Genesis Gas Solutions for the roll-out of its pre-paid smart gas metering system. This is the first time that this technology is being deployed by any city gas distribution company in the country.

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Asia's Iran crude oil imports dips to two-month low in January; to rebound in February

Asia's Iran crude oil imports dips to two-month low in January; to rebound in February

Asia’s crude oil imports from Iran dipped in January to the lowest in two months after top buyers China and India slowed down purchases and as Japan recorded zero imports for a third month, government and trade data showed.

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Petrol price rose by ₹3, diesel by ₹4.3 so far this year. Check today's rates

Petrol price rose by ₹3, diesel by ₹4.3 so far this year. Check today's rates

On the back of surging crude oil rates, the price of petrol and diesel have jumped by ₹3.08 per litre and ₹4.35 per litre, respectively, so far this year.

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ONGC to drill 406 wells in Gujarat oil and gas asset at a cost of Rs 2,403 crore

ONGC to drill 406 wells in Gujarat oil and gas asset at a cost of Rs 2,403 crore

Oil and Natural Gas Corporation (ONGC), India’s largest producer of oil and gas, has applied for Environmental Clearance (EC) for drilling 406 wells in its Mehsana asset in Gujarat at a cost of Rs 2,403 crore to tap into 13.65 Million Tonne of crude oil.

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In a first, Indian Railways’ ICF makes swanky coaches for UNESCO Heritage Nilgiri Mountain Railway; see pics

In a first, Indian Railways’ ICF makes swanky coaches for UNESCO Heritage Nilgiri Mountain Railway; see pics

One of the oldest railway systems in Indian Railways, Nilgiri Mountain Railway (NMR) now gets a makeover! The NMR, which dates back to 1899 is a UNESCO Heritage Railways.

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Red Alert in Mumbai: Safety precautions on Metro stepped up due to threat perception

Red Alert in Mumbai: Safety precautions on Metro stepped up due to threat perception

India's action on the bases of the terrorist group Jaish-e-Mohammed in Balakot area of Pakistan has rattled the establishment. As intelligence inputs, warning of a possible terror strike, have come in

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Massive infra boost in Bihar! Take a look at all the National Highway projects launched by Nitin Gadkari today

Massive infra boost in Bihar! Take a look at all the National Highway projects launched by Nitin Gadkari today

Big highway projects to boost Bihar’s infrastructure! Union Minister for Road Transport and Highways Nitin Gadkari has inaugurated and laid the foundation stones for as many as 16 National Highways (NH) projects in Chhapra and Madhepura, Bihar today, worth Rs 6,943.04 crore.

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Good news for Rajdhani Express, Shatabdi Express travellers! Book tickets even after chart preparation soon

Good news for Rajdhani Express, Shatabdi Express travellers! Book tickets even after chart preparation soon

Do you travel in Indian Railways premier trains like Rajdhani Express and Shatabdi Express? If yes, then in the next 20 days, you will be able to see the vacant berths and that is even after charts have been prepared! And yes, that means you can even book the seat online using IRCTC website.

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IRCTC ticket booking gets easier! Say goodbye to payment failures on irctc.co.in with this new step

IRCTC ticket booking gets easier! Say goodbye to payment failures on irctc.co.in with this new step

Booking train ticket on the IRCTC next-generation e-ticketing website? Tired of payment failures? The e-ticketing arm of the national transporter as good news with the launch of its own digital payment Gateway – the IRCTC iPay.

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Passengers Stranded in Lahore as Pakistan Suspends Samjhauta Express; Train from India Reaches Attari

Passengers Stranded in Lahore as Pakistan Suspends Samjhauta Express; Train from India Reaches Attari

Passengers travelling to Attari are stranded at the Lahore railway station after Pakistani authorities suspended the Samjhauta Express train service between Pakistan and India on Thursday.

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Indian Railways rolls out new ‘Make in India’ 160 kmph WAP-7HS locomotive for Rajdhani, Shatabdi and Duronto

Indian Railways rolls out new ‘Make in India’ 160 kmph WAP-7HS locomotive for Rajdhani, Shatabdi and Duronto

‘Make in India’ boost for Indian Railways! A semi high-speed passenger WAP-7HS locomotive, which is capable of running at a speed of 160 kmph, as against the present maximum service speed is 140 kmph, has been produced by the Chittaranjan Locomotive Works (CLW) recently.

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BEML Bags Fresh Orders From Bangalore Metro

BEML Bags Fresh Orders From Bangalore Metro

Defence public sector BEML LIMITED, a premier manufacturer of Metro Cars, has bagged order for supply of 42 metro coaches comprising 7 train sets of 6 cars each valued at around Rs. 400 Crores, from Bangalore Metro Corporation Limited (BMRCL).

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IRCTC’s new feature: Check vacant train seats, reservation chart online

IRCTC’s new feature: Check vacant train seats, reservation chart online

Running behind the TTE for vacant seats in trains will now become a thing of the past. The Indian Railways has started displaying reserved charts online to allow passengers to see the status of the seats while booking their tickets in a particular train.

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