GOOD EVENING INDIA

June 23, 2018, Saturday


Your Evening News Updates From Across The Media Space 

Reliance Power appoints K Raja Gopal as CEO, S Vaishnav as CFO

Reliance Power appoints K Raja Gopal as CEO, S Vaishnav as CFO

Private powerproducer Reliance Powertoday announced it has appointed K Raja Gopal as the new Chief Executive Officer (CEO) of the company and Shrenik Vaishnav as the new Chief Financial Officer (CFO) with effect from 2 May 2018.

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At firms linked to Deepak Kochhar, loans rose and revenue fell in FY15-17

At firms linked to Deepak Kochhar, loans rose and revenue fell in FY15-17

The rising share of renewables in India’s total energy consumption does not appear to have significantly benefitted companies floated by Deepak Kochhar, who has a sizeable interest in the sector. An ET Intelligence Group analysis of the documents filed with the Ministry of Corporate Affairs

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Surat becomes India's top renewable energy producer across cities

Surat becomes India's top renewable energy producer across cities

The Surat Municipal Corporation (SMC) produces nearly 40MW of green energy from wind, solar and biogas. Another 10MW of energy will be produced in the next 12 months.

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India's Sterling and Wilson enters hybrid power & energy storage market

India's Sterling and Wilson enters hybrid power & energy storage market

Indian engineering, procurement and construction (EPC) contractor Sterling and Wilson announced on Thursday that it has created a new business unit to offer solutions for hybrid power plants using energy storage.

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Huge bond selloff on oil jitters

Huge bond selloff on oil jitters

Indian government bond yields have been jumping around over the past week, after the market rallied strongly in March.

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Deepak Kochhar’s NuPower seeks more time to explain Mauritius links

Deepak Kochhar’s NuPower seeks more time to explain Mauritius links

Deepak Kochhar’s company NuPower Renewables has sought more time to explain its Mauritius connections, having failed to meet the April 10 deadline for answers demanded by the income tax department.

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Vice-President M Venkaiah Naidu pitches for renewable energy

Vice-President M Venkaiah Naidu pitches for renewable energy

Citing the huge demand for oil and gas in the country, Vice-President M Venkaiah Naidutoday stressed on the need to tap renewable energy.

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Renewable energy: Common bidding for projects not likely soon in India, says Siemens

Renewable energy: Common bidding for projects not likely soon in India, says Siemens

India may not see power tariff auction for wind-solar hybrid projects or common bidding for power projects in near future, said a top official of Siemens Gamesa India on Thursday.

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Siemens Gamesa seeks second wind by targeting bigger markets

Siemens Gamesa seeks second wind by targeting bigger markets

Siemens Gamesa, the world's second-largest wind turbine maker, said it was seeking to bolster growth by targeting markets in Asia, Latin America and Australia.

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Power Ministry offers to supply e-cars to central government departments

Power Ministry offers to supply e-cars to central government departments

The powerministry has offered to supply electric cars to central government departments, which can either lease or purchase them — a move that can raise demand for such vehicles by about 5 lakh.

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Coal India plans to invest Rs 3,000 crore in Coal Bed Methane projects

Coal India plans to invest Rs 3,000 crore in Coal Bed Methane projects

Coal India plans to invest Rs 3,000 crore in coal bed methane (CBM) projects and invite global bids to procure the necessary technology.

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China's March coal imports rise as utilities boost buying to replenish stockpiles

China's March coal imports rise as utilities boost buying to replenish stockpiles

China's coal imports rose in March from a year ago as utilities boosted their purchases to replenish inventories amid colder-than-usual winter weather that drew down fuel stockpiles.

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First Phase Of Pradhan Mantri Urja Ganga Project Likely To Be Completed Before Scheduled Target Of Dec 2018 : GAIL India Ltd.

First Phase Of Pradhan Mantri Urja Ganga Project Likely To Be Completed Before Scheduled Target Of Dec 2018 : GAIL India Ltd.

GAIL (India) Limited has placed pipe laying orders of Rs 780 crs for approx. 530 Kms for pipeline connectivity from Bokaro (in Jharkhand) to Angul (in Odisha) Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project. With these awards, major contracts of the project, i.e. pipe supply and laying contract orders for 2200 Kms have been finalized.

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Curtains Set To Rise On ISFL-2018: The Most Popular Indian Scientific Forum For Fuels And Lubricants

Curtains Set To Rise On ISFL-2018: The Most Popular Indian Scientific Forum For Fuels And Lubricants

Under the aegis of Indian Society for Fuels and Lubricants, Indian Oil R&D is organizing the 11th edition of International Symposium on Fuels and Lubricants (ISFL) at Delhi/NCR during April 15-17, 2018. Mr Sanjiv Singh, Chairman, Indian Oil will inaugurate the symposium on April 15, 2018.

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IEA says 'mission accomplished' for OPEC as oil stocks shrink

IEA says 'mission accomplished' for OPEC as oil stocks shrink

OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agencysaid on Friday, signalling that the markets could become too tight if supply remains restrained.

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OPINION: Don’t go back on oil sector reform

OPINION: Don’t go back on oil sector reform

Share prices of PSU oil marketing companies like IOC, HPCL and BPCL tumbled on April 11 based on reports that government has asked them to accept a cut of one rupee in their marketing margins(i.e. not to increase prices in line with international prices).

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Oil PSUs freely pricing petrol, diesel: Minister Dharmendra Pradhan

Oil PSUs freely pricing petrol, diesel: Minister Dharmendra Pradhan

State oil firms are freely pricing petrol and diesel, in line with international rates, oil minister Dharmendra Pradhan and executives at oil PSUs have said, denying reports of government asking companies to hold price hikes ahead of Karnataka polls.

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Ratnagiri refinery: Won't allow it to be set up, says Uddhav Thackeray

Ratnagiri refinery: Won't allow it to be set up, says Uddhav Thackeray

The Shiv Sena, which is a partner in the state government, today vowed that it would not allow the setting up of a mega-refinery in Nanar in Ratnagiri, the go-ahead for which was given by the Union government yesterday.

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Crude oil prices ease but set for highest weekly gain since July

Crude oil prices ease but set for highest weekly gain since July

Oil prices edged lower on Friday but are set for their biggest weekly gains since last July following a jump to a more than three-year high earlier in the week on tensions over Syria and shrinking global oil inventories.

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Iraq postpones oil and gas auction for 11 new blocks to April 25

Iraq postpones oil and gas auction for 11 new blocks to April 25

Iraq has postponed its oil and gas bidding round for 11 new blocks to April 25, a senior Iraqi oil official said on Thursday.

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India believes its efforts to build fuel infra should benefit neighbours: Swaraj

India believes its efforts to build fuel infra should benefit neighbours: Swaraj

India strongly believes that its efforts to build oil and gas infrastructure should also benefit its neighbours, External Affairs MinisterSushma Swaraj said.

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Railways back to the Drawing Board on many key Modernisation Plans after Modi rider

Railways back to the Drawing Board on many key Modernisation Plans after Modi rider

Indian Railways is evaluating several of its modernisation and capacity addition plans announced in the past few months after Prime Minister Narendra Modi asked the national transporter to pick only those projects that made financial sense and used mostly the existing resources.

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Railway Ministry to take rejected big ticket projects back to PM Modi for reconsideration

Railway Ministry to take rejected big ticket projects back to PM Modi for reconsideration

The railway ministry has decided to take all its big ticket projects rejected by Prime Minister Narendra Modi last month back to him for reconsideration, sources in the ministry said today.

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RInfra, Astaldi JV wins Rs 1,584 cr contract from Mumbai Metro

RInfra, Astaldi JV wins Rs 1,584 cr contract from Mumbai Metro

Reliance Infrastructure (RInfra) today said its joint venture with Italy's Astaldi SPA has won a contract worth Rs 1,584 crore for a Mumbai Metro line.

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Nitin Gadkari Invites Korean Businesses To Invest In 12 Expressway Projects Worth Rs 1 Lakh Crore

Nitin Gadkari Invites Korean Businesses To Invest In 12 Expressway Projects Worth Rs 1 Lakh Crore

Union Minister Nitin Gadkari today urged Korean businesses to invest in India’s roads, waterways and other infrastructure segments, saying plans to build 12 expressways at a cost of Rs 1-lakh crore offer huge opportunities for them. On the fourth day of his visit to Korea,

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Indian Railways To Go Hi-Tech! Chatbots May Be Used To Answer Passenger Queries

Indian Railways To Go Hi-Tech! Chatbots May Be Used To Answer Passenger Queries

Indian Railways is exploring the use automated chatbots, a first for the rail sector, so as to respond faster to train-related queries and enhance customer experience.

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MoU with CII help Indian Railways save Rs.10 Crore annually on Energy Conservation

MoU with CII help Indian Railways save Rs.10 Crore annually on Energy Conservation

Indian Railways today informed it is able to save Rs 10 crore annually through sustainability measures taken under GreenCo Rating System of the Confederation of Indian Industry (CII).

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Railways accidents: Drones to ensure full safety; here is how

Railways accidents: Drones to ensure full safety; here is how

Rail authorities want to avoid any accident during the monsoons and are not ready to take any chances this time. So, in a first, they have done a recce of all locations near hills using drones. These areas fall under the Kalyan-Kasara and Kalyan-Karjat belt. Last monsoon, huge rocks and slush had flown into tracks and derailed the Rajdhani Express at Asangaon.

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By Year End, Metro Travel Will Mean AC Comfort From Your Doorstep

By Year End, Metro Travel Will Mean AC Comfort From Your Doorstep

By the end of this year, travelling in Delhi Metro would mean commuting in airconditioned comfort from your doorstep. In a major overhaul of its feeder bus services, the Delhi Metro Rail Corporation (DMRC) is going to introduce AC feeder buses that will be electric and CNG run.

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Round the clock Security Services by the RPF Personnel on South Eastern Railway to the Passengers

Round the clock Security Services by the RPF Personnel on South Eastern Railway to the Passengers

Security personnel of South Eastern Railway has provided security related assistance to the travelling passengers by way of All India Security Help Line, escorting of ladies compartment, surveillance through CCTV cameras, escorting of reserved coaches in Mail/Express trains during night journeys, surprise security checks both at stations and in running trains etc.

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SAIL misses Target for Rail Supply in 2017-18 for third year

SAIL misses Target for Rail Supply in 2017-18 for third year

Steel Authority of India Ltd , the country’s largest state-owned alloy producer, failed to meet its target to supply rails for Indian Railways during the fiscal year for 2017/18, underscoring the problems of modernising the country’s rail network.

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