​GOOD EVENING INDIA!

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space 

J-K Suffers Rs 4,800 Cr Yearly Power Losses: Minister

J-K Suffers Rs 4,800 Cr Yearly Power Losses: Minister

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 To Scrap One Nuclear Reactor

Japan's Shikoku Electric To Scrap One Nuclear Reactor

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 Launches Super-Efficient “Gorilla” Fans At 40 Per Cent Discount

Tata Power Delhi Launches Super-Efficient “Gorilla” Fans At 40 Per Cent Discount

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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KKR In Talks To Invest Rs 500 Crore In Clean Energy Company Leap Green

KKR In Talks To Invest Rs 500 Crore In Clean Energy Company Leap Green

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 Want Wilful Defaulter Tag For Lanco, ABG Shipyard Promoters

Lenders Want Wilful Defaulter Tag For Lanco, ABG Shipyard Promoters

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 Advances After New Orders Win

Kalpataru Power Advances After New Orders Win

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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Energy Minister Urges Indian PV Players To Look Abroad For International Solar Alliance

Energy Minister Urges Indian PV Players To Look Abroad For International Solar Alliance

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 Plans To Double Sourcing From India

General Electric Plans To Double Sourcing From India

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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Rs 8,297.77 Crore Demand Notices Slapped On Coal India Subsidiary

Rs 8,297.77 Crore Demand Notices Slapped On Coal India Subsidiary

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 Signs Coal Mining Agreement With NLC India

Adani Enterprises Signs Coal Mining Agreement With NLC India

Adani Enterprises said it has signed a coal mining agreement with NLC IndiaLtd for development and operation of Talabira II and III coal block.

 

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Targeted Municipal Bonds Could Be One Way Of Financing Rooftop Solar Projects

Targeted Municipal Bonds Could Be One Way Of Financing Rooftop Solar Projects

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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NMDC Alters Plan, Decides To Pay Hefty Dividend

NMDC Alters Plan, Decides To Pay Hefty Dividend

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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Shanghai Crude Oil Futures To Give Asian Buyers Room For More Arbitrage

Shanghai Crude Oil Futures To Give Asian Buyers Room For More Arbitrage

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 Offers Three LNG Cargoes From Sabine Pass For May To July

Gail India Offers Three LNG Cargoes From Sabine Pass For May To July

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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ONGC-HPCL Merger, A Win-Win Deal: RS Sharma, Former CMD, ONGC

ONGC-HPCL Merger, A Win-Win Deal: RS Sharma, Former CMD, ONGC

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.

 

 

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Diesel Consumption Set To Touch Record High In 2018

Diesel Consumption Set To Touch Record High In 2018

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.

 

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SC Asks Centre To Consider Rolling Out BS-VI Fuel In 13 Cities By April 2019

SC Asks Centre To Consider Rolling Out BS-VI Fuel In 13 Cities By April 2019

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: Piyush Goyal’s Mantras For Rail Employees To Create Indian Railways Of The Future

Trains With Brains: Piyush Goyal’s Mantras For Rail Employees To Create Indian Railways Of The Future

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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3 Train Derailments Within 12 Hours

3 Train Derailments Within 12 Hours

Rocked by three derailments in Bareilly division within 12 hours, Railways suspended four supervisors in its engineering section and ordered a probe.

 

 

 

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Travel Made Easy For Iphone Users In Mumbai As Railways Launches UTS App On IOS

Travel Made Easy For Iphone Users In Mumbai As Railways Launches UTS App On IOS

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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IRFC Bonds: Govt Extends Guarantee Of Rs5,000 Crore

IRFC Bonds: Govt Extends Guarantee Of Rs5,000 Crore

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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Railways Receive Over 2 Crore Applications For One Lakh Openings

Railways Receive Over 2 Crore Applications For One Lakh Openings

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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