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June 22, 2018, Friday

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MORNING NEWS UPDATES ON POWER/COAL/MINES/RE/OIL AND GAS/INFRASTRUCTURE AND TRANSPORTATION

Berkshire Energy Unit Names CEO To Replace Potential Buffett Successor

Berkshire Energy Unit Names CEO To Replace Potential Buffett Successor

Berkshire Hathaway Inc's energy unit on Thursday named William Fehrman as its new chief executive to replace Gregory Abel, who was promoted a day earlier to oversee more Berkshire units, and potentially succeed Warren Buffett.

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Adani Cancels A$2 Billion Deal With Australian Mining Giant

Adani Cancels A$2 Billion Deal With Australian Mining Giant

The Adani Group said on Monday it had canceled plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion ($13 billion) project.

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Government May Further Ease FDI Norms

Government May Further Ease FDI Norms

After allowing foreign players to invest up to 49 per cent via the primary market in power exchanges, the government may raise the ceiling for single-player foreign investment in the sector from five per cent to 15 per cent.

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Rewa Solar Park Developers To Get $440m Debt From IFC

Rewa Solar Park Developers To Get $440m Debt From IFC

The World Bank’s International Finance Corp (IFC) will provide $440 million in debt to Mahindra Renewables Pvt. Ltd, Acme Group and global private equity fund Actis Llp to build the Rewa solar park in Madhya Pradesh.

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BHEL Commissions 250 MW Thermal Power Unit In Bihar

BHEL Commissions 250 MW Thermal Power Unit In Bihar

Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned a 250 MW thermal power unit in Bihar. The unit has been commissioned at Barauni Extension thermal power project of Bihar State Power Generation Company Limited.

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India Turns Tesla's Electric Vehicle Formula On Its Head To Target Mass Market

India Turns Tesla's Electric Vehicle Formula On Its Head To Target Mass Market

Tesla helped electric vehicles gain a mainstream foothold in the US by starting with luxury cars and then moving down-market. India's nascent transition to EVs is heading in the opposite direction.

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Firms Back Out After Committing Funds At Tamil Nadu's 2015 Global Investor Meet

Firms Back Out After Committing Funds At Tamil Nadu's 2015 Global Investor Meet

Most of the powercompanies that signed MoUs at the 2015 Global Investors' Meet (GIM) are not interested in investing in Tamil Nadu as they want to sign power purchase agreements (PPA) and do not want to come through the tender process.

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Danish Wind Energy Sets New Record In 2017

Danish Wind Energy Sets New Record In 2017

Wind power accounted for a record high of 43.4 per cent of the total electricity consumption in Denmark in 2017, according to official data released on Thursday.

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CCI Issues Order Against Nair Coal Services

CCI Issues Order Against Nair Coal Services

The Competition Commission of India (CCI) on Thursday issued an order against Nair Coal Services Pvt. Ltd., Karam Chand Thapar and Bros (CS) Ltd. and Naresh Kumar and Co. Pvt. Ltd. for rigging bids and dividing market by forming hardcore cartel in respect of tenders floated by Maharashtra State Power Generation Co. Ltd.(MAHAGENCO) for procuring coal liasoning services.

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Oil Regulator To Offer 100 CGD Licences For Bidding This Month

Oil Regulator To Offer 100 CGD Licences For Bidding This Month

Oil regulator PNGRB will this month offer for bidding CNG retailing licences in 100 cities on revised terms, Petroleum Minister Dharmendra Pradhan said today.

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Crude Oil Retreats From $70 Highs But Set For Fourth Week Of Gains

Crude Oil Retreats From $70 Highs But Set For Fourth Week Of Gains

Oil prices fell on Friday after hitting a three-year high of more than $70 a barrel the previous day, but they were still on track to post a fourth straight week of gains.

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BP, Shell, Goldman Express Interest In Filling Indian Oil Stockpile: Govt Report

BP, Shell, Goldman Express Interest In Filling Indian Oil Stockpile: Govt Report

BP, Royal Dutch Shell, Goldman Sachs, Trafigura, Mangalore Refinery and Petrochemicals and Hindustan Petroleum Corp. have expressed interest in filling India's strategic oil reserve at Padur in the southern Karnataka state - government report

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Oil At $70/barrel For First Time In 3 Years As Production Cuts By Opec

Oil At $70/barrel For First Time In 3 Years As Production Cuts By Opec

Oil topped $70 a barrel in London for the first time in three years, as production cuts by Organization of Petroleum Exporting Countries (Opec) and rising demand whittle away a global surplus.

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China Objects To Vietnam's Call For India To Invest In Oil And Gas In South China Sea

China Objects To Vietnam's Call For India To Invest In Oil And Gas In South China Sea

China on Thursday objected to Vietnam's invitation to India to invest in oil and natural gas sector in the disputed South China Sea (SCS), saying it is firmly opposed to infringement of its rights using development of bilateral ties as an "excuse".

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Refining & Petrochemicals Technology Meet In Bhubaneswar

Refining & Petrochemicals Technology Meet In Bhubaneswar

Around 900 oil industry professionals from India and abroad are likely to attend the 22nd Refining & Petrochemicals Technology Meet beginning here on January 13.

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Hit By Demonetisation, India’s 2017 Oil Consumption Grew At Its Slowest Since 2013

Hit By Demonetisation, India’s 2017 Oil Consumption Grew At Its Slowest Since 2013

Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government’s demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent.

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Freight Transport Witnesses 26.03 % Growth In NW Region

Freight Transport Witnesses 26.03 % Growth In NW Region

The freight transport in north- western region of the Indian Railways rose by 26.03 per cent in the current financial year, a railway official said today.

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Railway Ministry Allows Private Companies To Supply Meals Directly To The Passengers

Railway Ministry Allows Private Companies To Supply Meals Directly To The Passengers

Railway Minister Piyush Goyal has said that the Indian Railway Catering and Tourism Corporation (IRCTC) will allow companies to supply their ready-to-eat meals directly to passengers on trains.

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44 OCR Kiosks Installed In Suburban Stations In Mumbai

44 OCR Kiosks Installed In Suburban Stations In Mumbai

For quick and easy printing of tickets booked by suburban train commuters through mobile app, the Railways has installed 44 Optical Character Recognition (OCR) kiosk machines at different stations in Mumbai, officials said today.

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More Explosives Seized Near Railway Overbridge

More Explosives Seized Near Railway Overbridge

Bullets and some other explosive materials, stored in gunny bags under water, were today recovered near the Kuttipuram railway overbridge in the district, days after five anti-personnel mines were seized near the spot, the police said.

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All-Woman Matunga Railway Station Enters Limca Records

All-Woman Matunga Railway Station Enters Limca Records

A pilot project to make Matunga railway station an all-woman station has now entered the Limca Book of Records.

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Indian Railways Chief Wants Train Repairs To Move To MMR; Uniform Coloured Rakes

Indian Railways Chief Wants Train Repairs To Move To MMR; Uniform Coloured Rakes

As Ravindra Gupta, Member (Rolling Stock), Railway Board visited the Virar carshed and Mahalaxmi and Matunga workshops on Thursday, he made two important suggestions.

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Train Service Resumes In South Kashmir

Train Service Resumes In South Kashmir

Train service resumed on Friday after remaining suspended for two days due to security reasons in south Kashmir, where a youth was killed when security forces opened fire to disperse demonstrators who hit the streets after a Hizbul Mujahideen (HM) militant was killed in an encounter on January 9.

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Take A Ride On 108-Year-Old Monorail At National Rail Museum

Take A Ride On 108-Year-Old Monorail At National Rail Museum

Visitors have now one more reason to visit the National Rail Museum in the national capital as the 108-year-old Patiala monorail is now operational.

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Railways Probes Fake Job Interviews In Rail Bhavan

Railways Probes Fake Job Interviews In Rail Bhavan

THE RAILWAYS has started investigating what its officials believe is an “audacious” racket in which an unidentified man conducted “job interviews” inside the ministry’s headquarters, and issued “appointment letters” with forged signatures of former Railway Minister Suresh Prabhu for the post of ticket collector.

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