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June 20, 2018, Wednesday

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

MUST READ

Narendra Modi To Hard-Sell India As Engine Of Global Economic Growth At Davos

Narendra Modi To Hard-Sell India As Engine Of Global Economic Growth At Davos

Prime Minister Narendra Modi will showcase India as one of the key engines of global economic growth and outline the reforms his administration has carried out to make Asia’s third-largest economy a seamless and more investor-friendly market at the World Economic Forum (WEF) annual meetings beginning in Davos on Tuesday

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Transport, Energy Solutions High On Goyal's Agenda In Davos

Transport, Energy Solutions High On Goyal's Agenda In Davos

Railways and Coal Minister Piyush Goyal will meet top bosses of multinational companies like Philips, Hitachi, Hewlett Packard, Volkswagen and Siemens in Davos where he is accompanying Prime Minister Narendra Modi and other Union ministers for the World Economic Forum.

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Rooftop Solar Is Still Out In The Cold

Rooftop Solar Is Still Out In The Cold

When your achievement is 8-9% of your target, things are not quite all right. That is the reality of the rooftop solar business in India today. Against a target of 10,000 MW for March 31, 2018, the achievement as of the last day of 2017 was 923 MW.

 

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Delhi High Court Disallows Use Of Solar Control Black Films In Cars

Delhi High Court Disallows Use Of Solar Control Black Films In Cars

The Delhi High Court has said that it would not allow the use of solar control black films in cars, which have been banned due to security reasons.

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Gujarat Power Distribution Companies Seek Hike In Fuel Surcharge

Gujarat Power Distribution Companies Seek Hike In Fuel Surcharge

Powerdistribution companies in state have approached Gujarat Electricity Regulatory Commission (GERC) seeking a hike in fuel price and power purchase adjustment (FPPPA) base price or fuel surcharge.

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Inquiry Into 22 Coal Blocks Allocated In 1993-2005 Closed, CBI Tells SC

Inquiry Into 22 Coal Blocks Allocated In 1993-2005 Closed, CBI Tells SC

The CBI has informed the Supreme Court that it has closed its enquiry into 22 coal block allocations, which were made from 1993 to 2005, with the approval of the chief vigilance commissioner.

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No Reversal Of Decision On Shutting Down Bathinda Power Plant: Punjab CM

No Reversal Of Decision On Shutting Down Bathinda Power Plant: Punjab CM

Chief minister Captain Amarinder Singh on Sunday ruled out reversal of the government’s decision to close down the Guru Nanak Dev Thermal Plant (GNDTP), Bathinda, pointing to the non-feasibility of continuing operations. In a statement, Amarinder explained the circumstances that led to the closure of the Bathinda plant and two units of the Rupnagar thermal plant, saying the decision had …

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Commercialise Use Of ISRO's Lithium-ion Battery For Electric Vehicles: Govt Panel

Commercialise Use Of ISRO's Lithium-ion Battery For Electric Vehicles: Govt Panel

A panel headed by Cabinet Secretary P K Sinha has recommended commercial use of ISRO's lithium-ion battery technology under the 'Make In India' initiative for electric vehicles, official sources said.

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Trying To Bring Petrol, Diesel Under GST: Oil Minister Dharmendra Pradhan

Trying To Bring Petrol, Diesel Under GST: Oil Minister Dharmendra Pradhan

Union oil minister Dharmendra Pradhan said on Sunday his ministry was trying to bring petrol and diesel under the purview of the Goods and Services Tax (GST).

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Acquisition Amount Well Within Recommended Figures: ONGC CMD

Acquisition Amount Well Within Recommended Figures: ONGC CMD

Following the announcement of the sale of the government's equity share-holding in Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation(ONGC) Chairman and Managing Director (CMD) Shashi Shanker said the designated Rs 36,915 crore was well within recommended limits.

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HPCL Acquisition To Improve ONGC's Appetite For Overseas Acquisition: Cmd Shashi Shanker

HPCL Acquisition To Improve ONGC's Appetite For Overseas Acquisition: Cmd Shashi Shanker

Oil and Natural Gas Corporation (ONGC), India's first to be fully integrated 'Oil Major', will will benefit from an increased appetite for overseas acquisitions post the Rs 36,915 crore acquisition of state-run fuel retailer Hindustan Petroleum (HPCL), Chairman and Managing Director Shashi Shanker said.

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ONGC To Use Debt, Cash Reserves For HPCL Buy

ONGC To Use Debt, Cash Reserves For HPCL Buy

Oil & Natural Gas Corporation will use a mix of debt, cash reserves and proceeds from a planned sale of stakes in IndianOil and GAIL to fund its acquisition of Hindustan Petroleum Corporation, the chairman of India's largest oil explorer said. ONGC needs to pay Rs 36,915 crore for the government's 51.11% stake in HPCLBSE 1.34 % by January-end. The …

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Saudi Arabia Calls For Extending Non-OPEC Cooperation

Saudi Arabia Calls For Extending Non-OPEC Cooperation

“We should not limit our efforts to 2018. We need to be talking about a longer framework for our cooperation,” Faleh said before a meeting between OPEC and non-OPEC countries in Muscat.

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Acquisition Amount Well Within Recommended Figures: ONGC CMD

Acquisition Amount Well Within Recommended Figures: ONGC CMD

Following the announcement of the sale of the government's equity share-holding in Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation (ONGC) Chairman and Managing Director (CMD) Shashi Shanker said the designated Rs 36,915 crore was well within recommended limits.

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Railway Budget 2018: Safety, Speed, Comfort – Three Key Expectations

Railway Budget 2018: Safety, Speed, Comfort – Three Key Expectations

Safety, speed and comfort – the three key priorities of Indian Railways encapsulate the three expectations from the Railway Budget in the financial year 2018-19.

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Great Initiative By Army Wives: Want To Drink Water? Buy Sena Jal At Just Rs 6

Great Initiative By Army Wives: Want To Drink Water? Buy Sena Jal At Just Rs 6

Next time when you are thirsty and want to buy a bottle of water, apart from the well-known mineral water brands, there is another alternative for you. Sena Jal, an initiative of the Army Wives Welfare Association (AWWA), will cater water bottles to you at just Rs 6.

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Andhra Govt Picks Adani Ports To Develop Bhavanapadu Port

Andhra Govt Picks Adani Ports To Develop Bhavanapadu Port

The Andhra Pradesh government has chosen lone bidder Adani Ports and SEZ Ltd as the developer of Bhavanapadu port project in Srikakulam district.

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Railways, Road Transport Ministry Agree On Speedy Clearances For Projects: Goyal

Railways, Road Transport Ministry Agree On Speedy Clearances For Projects: Goyal

Union Railway Minister Piyush Goyal today said that he and Union Minister for Road Transport and Highways Nitin Gadkari had agreed to extend complete cooperation in issuing clearance for infrastructure like overbridges at spots where rail lines and highways intersect.

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