​GOOD EVENING INDIA!

August 17, 2018, Friday

Your Evening News Updates From Across The Media Space 

Schneider Electric beats Q1 revenue forecast on upbeat China demand

Schneider Electric beats Q1 revenue forecast on upbeat China demand

Schneider Electric, a French electrical equipment maker, beat market expectation with a 6.2 percent organic growth in first-quarter revenue, buoyed by upbeat performance of its two businesses and strong demand in China.

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Lightsource BP, Everstone set up India-focused green fund JV

Lightsource BP, Everstone set up India-focused green fund JV

Lightsource BP has teamed up with private equity investor Everstone Group to create a joint venture (JV) green fund targeting investment in power, distribution infrastructure and energy services in India.

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Bokaro plant gets fresh lease of life

Bokaro plant gets fresh lease of life

With Electrosteel Steel Limited (ESL) going to Vedanta following the declaration of the National Company Law Tribunal (NCLT), the district has got another big steel conglomerate apart from the existing Bokaro Steel Plant (BSL) of Steel Authority of India Limited (SAIL).

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Power Grid Corporation of India Ltd rose for a fifth straight session today

Power Grid Corporation of India Ltd rose for a fifth straight session today

The stock is quoting at Rs 207, up 0.98% on the day as on 12:49 IST on the NSE. Power Grid Corporation of India Ltd is down 0.91% in last one year as compared to a 15.57% gain in NIFTY and a 13.16% gain in the Nifty Energy.

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Subodh Gupta, appointed as Director (Finance), BHEL

Subodh Gupta, appointed as Director (Finance), BHEL

On his appointment as Director on the Board of Bharat Heavy Electricals Limited (BHEL), Sh. Subodh Gupta, 54, has assumed charge as Director (Finance) of the Public Sector Engineering and Manufacturing Enterprise.

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Power firm may use gas transformers in Kolkata

Power firm may use gas transformers in Kolkata

West Bengal Power Development Corporation Ltd (WBPDCL) is evaluating the possibility of replacing oil-based transformers with gas-based ones. The move follows a fire at Kolkata Thermal Power Station (KTPS) after an oil-based transformer burst following an electrical fault.

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500 new electric buses to power PMPML’s shift to green transport

500 new electric buses to power PMPML’s shift to green transport

The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) has scrapped its plan to buy 800 buses that would run on petrol and diesel. Instead, the transport utility — following a nudge from chief minister Devendra Fadnavis — will acquire 500 electric buses over the next six months.

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HP to raise issue of its share in BBMB power projects

HP to raise issue of its share in BBMB power projects

Himachal Pradesh will take up the issue of its 7.19 per cent share in electricity generated from power projects run by Bhakra Beas Management Board (BBMB) with the governments of Punjab, Haryana and Rajasthan to get the matter expedited.

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UP power clerk embezzles Rs 50 lakh in bills paid by consumers, arrested

UP power clerk embezzles Rs 50 lakh in bills paid by consumers, arrested

Inflated electricity bills of around 800 consumers led to the discovery of large-scale embezzlement of public money by a clerk of UP Paschimanchal Vidyut Vitaran Nigam Ltd (UPPVVNL) in Bijnor, who did not account for the money and allegedly pocketed over Rs 50 lakh in dues paid by them.

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Quake Hits Near Iran Nuclear Power Plant

Quake Hits Near Iran Nuclear Power Plant

A moderately strong 5.9-magnitude earthquake today hit Iran's southern region of Bushehr, home to the country's only nuclear power plant, without causing casualties or damage, media reported.

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BP, RIL announce sanctioning of `Satellite cluster’ project in KG-D6 Block

BP, RIL announce sanctioning of `Satellite cluster’ project in KG-D6 Block

BP and Reliance Industries Limited (RIL) have announced the sanctioning of the ‘Satellite cluster’ project in Block KG-D6.

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Rise in oil prices could further damage investor sentiments, says CLSA

Rise in oil prices could further damage investor sentiments, says CLSA

Hong Kong-headquartered brokerage CLSA said that a further rise in oil prices could damage investor sentiments and raise twin deficit fears.

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Surging crude oil prices hit shares of oil marketing companies

Surging crude oil prices hit shares of oil marketing companies

With crude oil prices surging higher and hitting a more than 3-year high, shares of oil marketing companies are down sharply on the Indian bourses today.

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Oil rise may keep India stocks in check, $4 billion manager says

Oil rise may keep India stocks in check, $4 billion manager says

While Indian equities have been pinched this year by internal and external concerns including the threat of a global trade war, rising crude oil poses a bigger danger, according to Tata AIA Life Insurance Co.

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Saudi Arabia-Russia oil alliance likely to undercut Opec

Saudi Arabia-Russia oil alliance likely to undercut Opec

Saudi Arabia hopes to bring Russia into the fold of an expanded club of global oil giants to sustain a stable market, leaving Opec’s role in question, analysts say.

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Adani Gas hikes prices of CNG, PNG

Adani Gas hikes prices of CNG, PNG

A day after state-run Gujarat Gas Limited (GGL) increased retail prices of domestic piped natural gas (PNG) and compressed natural gas (CNG), private sector city gas distribution (CGD) company Adani Gas Limited (AGL) on Wednesday hiked the retail prices of CNG and PNG for its consumers in Ahmedabad and Vadodara.

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Petrol, diesel price on 19th April 2018: Check out rates here city-wise

Petrol, diesel price on 19th April 2018: Check out rates here city-wise

Petrol prices were hiked by 5 paise and diesel prices by 9 paise, applicable from 6:00 a.m. on 19th April 2018. Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices.

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A 19% Profit Slide Looms for Fuel That Underpinned Oil's Rebound

A 19% Profit Slide Looms for Fuel That Underpinned Oil's Rebound

The beginning of summer may herald the end of a boom for the fuel that underpinned crude’s rally into a bull market last year.

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PetroChina to boost output at key gas field in Xinjiang -Xinhua

PetroChina to boost output at key gas field in Xinjiang -Xinhua

PetroChina , Asia's largest oil and gas producer, plans to add 12 production wells this year at the Kelasu gas field in northwest China's Tarim basin and raise production capacity at the field by 1.2 billion cubic metres (bcm), state news agency Xinhua reported.

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Empty Delhi-Mumbai Rajdhani Express? Wake-up Indian Railways, this may happen and low airfares not to blame

Empty Delhi-Mumbai Rajdhani Express? Wake-up Indian Railways, this may happen and low airfares not to blame

Delhi-Mumbai Expressway which is slated to be completed in the next 3 years should ring alarm bells for Indian Railways. Why? Because if in three years time people will be able to complete a journey between the two important cities of Delhi and Mumbai in just 12 hours by road,

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Indian Railways to bid adieu to AC-2 tier coaches from Duronto and Rajdhani express trains

Indian Railways to bid adieu to AC-2 tier coaches from Duronto and Rajdhani express trains

Indian Railways is planning to replace all AC 2-tier coaches from Duronto and Rajdhani express to AC 3-tier coaches in some sectors.

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Reliance Infra debuts in railway space, bags EPC contract

Reliance Infra debuts in railway space, bags EPC contract

Reliance Infrastructure Limited EPC has received the Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) for its maiden railway project worth Rs 774 crore for the construction of third rail line between Jimidipeta and Gotlam on East Coast Railway on Engineering, Procurement and Construction (EPC) basis, the company said on Thursday.

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40 lakh senior citizens gave up railway concession: Modi

40 lakh senior citizens gave up railway concession: Modi

Over 40 lakh senior citizens have voluntarily given up the railway ticket concessions, Prime Minister Narendra Modi said on Wednesday.

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Nitin Gadkari sets this massive road building target in critical election year

Nitin Gadkari sets this massive road building target in critical election year

As the Centre gears up for the election year, Ministry of Road Transport & Highways (MoRTH) has increased its national highway construction target to 45 kilometre per day, even though it failed to meet its earlier set target of 41 km daily.

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Good news for Delhiites! Work of Eastern Peripheral Expressway complete, says Centre

Good news for Delhiites! Work of Eastern Peripheral Expressway complete, says Centre

The Centre on Wednesday informed the Supreme Court that construction work of the 135-km long Eastern Peripheral Expressway, which would help decongest Delhi traffic, was complete. The Eastern Peripheral Expressway envisages signal-free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar (Greater Noida) and Palwal.

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