​GOOD EVENING INDIA!

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space 

STORY OF THE DAY

Top India Refiner Said To Mull Investing $3.5 Billion To Expand

Top India Refiner Said To Mull Investing $3.5 Billion To Expand

India’s biggest oil refiner Indian Oil Corp. is planning to invest as much as $3.5 billion in the year beginning April 1, or about a fifth more than the previous year, to expand and upgrade its refineries and boost its marketing network, according to people with knowledge of the matter.

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Delhi Budget 2018 Highlights: From Education To CNG Cars, What AAP Govt Is Targetting

Delhi Budget 2018 Highlights: From Education To CNG Cars, What AAP Govt Is Targetting

The Chief Minister Arvind Kejriwal led Aam Aadmi Party (AAP) government today presented its financial plan today. While presenting the budget in the Assembly, Delhi Finance Minister Manish Sisodia said, "Despite demonetisation and GST, Delhi's economy is growing.

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Electric Cars May Be Cheaper Than Gas Guzzlers In Seven Years

Electric Cars May Be Cheaper Than Gas Guzzlers In Seven Years

Electric cars may be cheaper than their petroleum counterparts by 2025 if the cost of lithium-ion batteries continues to fall.

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Hydro Power Policy 2018-28: Government Funding Declines 34 Pct

Hydro Power Policy 2018-28: Government Funding Declines 34 Pct

The government has revised downwards the proposed size of the Centre’s funding of hydro power projects by way of 4% interest subvention by 34% to Rs 11,049 crore for the 2018-2028 period.

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Second Edition Of RE-invest Postponed For The Fifth Time

Second Edition Of RE-invest Postponed For The Fifth Time

The second edition of RE-Invest, envisaged as India’s flagship renewable energy event after its inaugural show in February 2015, has been postponed for the fifth time.

 

 

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Indian Tea Plantation Goes 100% Solar With 3MW Open Access Project

Indian Tea Plantation Goes 100% Solar With 3MW Open Access Project

German solar and storage firm IBC Solar has completed a 3MW open access solar project for a tea producer in the Indian state of Tamil Nadu.

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Coal India Allocated 11 Mines, Annual Output To Increase By 225mn Tonnes

Coal India Allocated 11 Mines, Annual Output To Increase By 225mn Tonnes

The coal ministry has allocated 11 mines to Coal India Ltd (CIL) arms - Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Western Coalfields Ltd (WCL).

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EESL Floats Second Tender For Smart Meters

EESL Floats Second Tender For Smart Meters

Energy Efficiency Services Ltd (EESL) has floated its second tender for procuring five million smart meters to be installed on a pan-India basis, reports Nishtha Saluja.

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Saubhagya Connections Driving Power Demand, Says Minister

Saubhagya Connections Driving Power Demand, Says Minister

The demand for power in the country is on a rise as new consumers are being connected under the Saubhagya scheme, said RK Singh, Minister of State (Independent Charge) for Power and Renewable Energy.

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Essel Infra In Talks To Sell 3 Solar Projects

Essel Infra In Talks To Sell 3 Solar Projects

Essel Infraprojects, part of Subhash Chandra-led Essel Group, is in talks with various renewable energy players to sell three of its six solar projects with an aggregate capacity of about 215 mw, even as the company plans to build its solar portfolio by focusing on investments in solar parks.

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We Will Have 1,00-MW Solar Module Capacity In 5 Years, Says MD Of Jakson Group

We Will Have 1,00-MW Solar Module Capacity In 5 Years, Says MD Of Jakson Group

Jakson Group, which has been a familiar name in the genset manufacturing business, is diversifying into solar manufacturing and electrical EPC segments.

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CIL To Set Up Plants For Coal Gasification: Goyal

CIL To Set Up Plants For Coal Gasification: Goyal

To promote environment-friendly uses of coal, Coal India is planning to set up plants for coal gasification, Parliament was informed today.

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Power Sector Stress May Worsen Banks' Bad Loan Pain Even More In Q4FY18

Power Sector Stress May Worsen Banks' Bad Loan Pain Even More In Q4FY18

After the Reserve Bank of India's (RBI) new circular on non-performing asset (NPA), the March 2018 quarter (Q4) performance of public sector banks (PSBs) and private corporate lenders (PCLs), could be disappointing in terms of asset quality and provisioning.

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Capacity Utilisation Up In Select Sectors; May Lead To Investment Revival

Capacity Utilisation Up In Select Sectors; May Lead To Investment Revival

There are early signs of an uptick in capacity utilisation in select sectors, which could be a precursor to an investment revival.

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Thanks To Renewables, Thermal Power Sector May Remain Distressed For A Long Time

Thanks To Renewables, Thermal Power Sector May Remain Distressed For A Long Time

The law of unintended consequences is taking its toll on the thermal power sector. A report by a government committee on the optimal energy mix in power generation says the thermal power sector may continue to bear the brunt of the thrust on renewable energy.

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Last Date For Bidding Of 55 Oil And Gas Blocks Extended

Last Date For Bidding Of 55 Oil And Gas Blocks Extended

The government today pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2.

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New Asian Importers Shaking Up World LNG Market

New Asian Importers Shaking Up World LNG Market

The Asian market for liquid natural gas is being transformed as Thailand, Pakistan and others join the ranks of importers and consumption grows rapidly in China and India

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MRPL To Host 38th Inter-unit PSPB Bridge Tourney From Mar 21 To 24

MRPL To Host 38th Inter-unit PSPB Bridge Tourney From Mar 21 To 24

MRPL is hosting the 38th Inter Unit PSPB Bridge Tournament at its premises at Mangaluru from March 21 to 24. The tournament was inaugurated on Wednesday, March 21 at MRPL Employees Club by M Venkatesh, director (Refinery), MRPL.

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‘KG Basin A Major Pillar For Country’s Energy Security’

‘KG Basin A Major Pillar For Country’s Energy Security’

The Krishna-Godavari (KG) Basin, with prognosticated resources of 9.5 billion tonnes of oil equivalent, is poised to be a major pillar for country’s energy security, said Atanu Chakraborty, Director General, Directorate General of Hydrocarbons (DGH).

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PSUs: When A Promise Is Not A Promise

PSUs: When A Promise Is Not A Promise

On March 13, 2018, the Parliament’s Lower House, the Lok Sabha, passed without debate two finance bills and 218 amendments. These included funding demands from 99 government ministries and departments.

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IOC Starts Doorstep Delivery Of Diesel

IOC Starts Doorstep Delivery Of Diesel

State-owned Indian Oil Corp (IOC) has launched home-delivery of diesel on a pilot basis in Pune and plans to expand doorstep delivery of the fuel to other parts of the country in near future, its Chairman Sanjiv Singh said today.

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India-US Trade Oil In Troubled Waters Over Wave Of Protectionism

India-US Trade Oil In Troubled Waters Over Wave Of Protectionism

On March 29, when the first American shale gas lands at Dabhol regasification terminal in Maharashtra, US president Donald Trump’s war cry against trade imbalances will be partly addressed.

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Investors Sulk As GSPL Takes Debt Load Off GSPC’s Back

Investors Sulk As GSPL Takes Debt Load Off GSPC’s Back

One man’s gain is another man’s loss. Gujarat State Petroleum Corp. Ltd (GSPC) is selling its stake in Gujarat Gas Ltd, the country’s largest city gas distribution company, to pay off about a fifth of its debt.

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Vedanta Finalizes Terms For Rs4,000 Crore Bond Issue

Vedanta Finalizes Terms For Rs4,000 Crore Bond Issue

Anil Agarwal-promoted Vedanta Ltd has finalized the terms of a Rs4,000 crore bond issue at a time rising yields have depressed local debt issuances, two people aware of the development said.

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Mr Nitin Gadkari Inaugurated Inland Ferry Services In Goa

Mr Nitin Gadkari Inaugurated Inland Ferry Services In Goa

Union Minister of Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari inaugurated the Inland ferry services in the port city of Vasco in Goa.

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Indian Railways Plans To Use GIS Portal To Monitor, Manage Its Assets

Indian Railways Plans To Use GIS Portal To Monitor, Manage Its Assets

Indian Railways on Thursday signed an MOU with ISRO to effectively monitor, manage and maintain its assets.

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Caught Smoking On A Train? China Will Ban You For 6 Months

Caught Smoking On A Train? China Will Ban You For 6 Months

China has announced a new set of penalties for those who are caught smoking on high-speed trains. New regulations will allow authorities to ban the violator for a period of six months.

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Railway Ministry Rolls Out Rs 500 Crore Plan For Karnataka

Railway Ministry Rolls Out Rs 500 Crore Plan For Karnataka

It has rolled out Rs 500 crore plan for decongestion of the suburban rail corridor from Bengaluru city to Whitefield, the major IT hub in the city.

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Bhoomi Puja For 6-Lane Bengaluru- Mysuru NH To Be Held On March 24

Bhoomi Puja For 6-Lane Bengaluru- Mysuru NH To Be Held On March 24

The bhoomi puja for the six-lane Mysuru-Bengaluru National Highway 275, which is expected to cut the travel time between the two cities to 90 minutes, will be held on March 24 in Bengaluru.

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Railways Green-Lights Rs 492.87 Cr Project To Ease Traffic Congestion In Bengaluru

Railways Green-Lights Rs 492.87 Cr Project To Ease Traffic Congestion In Bengaluru

Keeping in mind the growing pressure of the suburban traffic in Bengaluru, the railways have sanctioned a quadrupling project with a provision of two additional lines from Bengaluru Cantt to Whitefield at a cost of Rs 492.87 crore.

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Vizag Becomes First Energy Efficient Rail Station In Division

Vizag Becomes First Energy Efficient Rail Station In Division

Waltair Railway Division took initiative for energy efficiency measures. Visakhapatnam railway station of East Coast Railway has earned the unique distinction of being the first energy efficient ‘A1 Category’ railway station in the division.

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Now, Steel Express May Run On Time

Now, Steel Express May Run On Time

Passengers can now experience the real benefits of track renovation work that was undertaken by South Eastern Railway (SER) in the last two years as travel time across various sections will reduce and in some cases may even necessitate changes in train timings.

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Mumbai: Central Railway To Install Bomb Detectors On Road To Monitor Vehicles At CSMT

Mumbai: Central Railway To Install Bomb Detectors On Road To Monitor Vehicles At CSMT

To beef up security at the city’s railway stations, the Central Railway will be soon installing bomb detectors on the road, which are known as ‘Under Vehicle Scanning System (UVSS)’.

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Indian Railways Green-Lights Rs 492.87 Crore Project To Ease Traffic Congestion In Bengaluru

Indian Railways Green-Lights Rs 492.87 Crore Project To Ease Traffic Congestion In Bengaluru

Keeping in mind the growing pressure of the suburban traffic in Bengaluru, the railways have sanctioned a quadrupling project with a provision of two additional lines from Bengaluru Cantt to Whitefield at a cost of Rs 492.87 crore.

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