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February 22, 2019, Friday |
Your Evening News Updates From Across The Media Space
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Jammu and Kashmir suffers losses of around Rs 4,800 crore in a year in the power sector, state Finance Minister Altaf Bukhari said.
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Japan's Shikoku Electric Power Co Inc said on Tuesday it will decommission an ageing reactor at its Ikata nuclearplant as the country's power industry struggles to meet new nuclear safety standards set after the 2011 Fukushima disaster.
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Tata Power Delhi Distribution Ltd (TPDDL), the private power distributor in the national capital, announced it has launched super-efficient “Gorilla” ceiling fans at a 40 per cent price discount for consumers.
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US private equity giant KKR is in talks to invest as much as Rs 500 crore to fund clean energy company Leap Green, founded by members of the family of Formula One racer Narain Karthikeyan.
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Lenders have initiated a process to declare the promoters of Lancobusiness group, controlled by a former Congress Parliamentarian, and ABG Shipyard, owned by a kin of the Ruias of Essar Steel, as ‘wilful defaulters’ after failing to recover dues despite their efforts, said two people familiar with the matter.
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Kalpataru Power Transmission gained 1.79% to Rs 471.65 at 13:14 IST on BSE after the company announced that it has secured new orders/notification of award of Rs 901 crore.
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Indian power minster R.K. Singh has urged the Indian solar industry to look abroad and set up projects in member countries of the International Solar Alliance (ISA).
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General Electric’s sourcing from India, which is at $ 2.5 billion currently, is likely to cross $4 billion by 2020. “We are growing in India like crazy. The future journey is to grow,” Danny Di Perna, vice-president, global strategic sourcing, GE Power, said. “Over the last 10 years there has been a significant ramp-up of our activities in India in the manufacturing footprint.
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Coal India on Monday said that demand notices amounting to Rs 8,297.77 crore were received for 17 projects of its subsidiary firm, Mahanadi Coalfields Ltd (MCL), for production beyond approved limits for the period between 2000-01 and 2010-11.
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Adani Enterprises said it has signed a coal mining agreement with NLC IndiaLtd for development and operation of Talabira II and III coal block. Read more |
India’s ambitious solar target—100 GW by 2022—envisions at least 40GW of rooftop solar taking off in the country. However, at the current rate of progress, it is doubtful if the country would be able to achieve even half the installed rooftop-solar capacity by then—as of December 2017
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Ten days after the board of NMDC decided not to issue an interim dividend, the board met again on Monday to review its decision. This time it rewarded shareholders with a bumper dividend of 430 per cent or Rs 4.30, for each share of face value of Rs 1 for 2017-18.
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China’s launch of Yuan-denominated oil future contracts -- the first of its kind for Asian markets – will give Asian buyers more room for arbitrage and will increase China’s bargaining power to price energy supplies.
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Gail India has offered three liquefied natural gas (LNG) cargoes for May to July loading from Sabine Pass in the United States, two traders said on Tuesday.
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Oil prices in India at retail level are completely decontrolled. If crude prices go higher you will have to pay more and if oil prices go lower, you will have to pay less. Read more |
Demand for diesel in India is set to hit a record in 2018 as the government targets massive infrastructure spending in the fiscal year that starts April 1, with Prime Minister Narendra Modi seeking a second term in elections in 2019. Read more |
The Supreme Court Monday asked the Centre to consider if it was possible to roll out BS-VI fuel in thirteen metro cities by April 2019.
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Trains with brains – that’s what Railway Minister Piyush Goyal believes the use of artificial intelligence can mean for the Indian Railways network. Addressing a conference on artificial intelligence (AI), Goyal told a big group of railway employees to brace innovation and look to create an Indian Railways of the future.
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Rocked by three derailments in Bareilly division within 12 hours, Railways suspended four supervisors in its engineering section and ordered a probe. Read more |
In a boost to mobile ticketing, commuters on Mumbai’s suburban network can now book local train tickets or Railway passes through their iPhone. Railway authorities have made mobile ticket booking facility available on the IOS platform too.
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The finance ministry has extended sovereign guarantee of Rs5,000 crore to Indian Railways Finance Corp.’s (IRFC) bonds to be sold to Life Insurance Corp. of India (LIC).
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The railways today said it has received over two crore applications for about one lakh vacancies, with five days still remaining for the online registration to end.
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