GOOD EVENING INDIA

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space

SJVN signs MoU with Ministry of Power; will strive to achieve 9200 Million Units in FY 2018-19

SJVN signs MoU with Ministry of Power; will strive to achieve 9200 Million Units in FY 2018-19

SJVN Limited, the operator of one of the largest Hydro Power Plants in the country i.e. 1500 MW Nathpa Jhakri Hydro Power Station, signed a Memorandum of Understanding (MoU) with Ministry of Power, Govt. of India for the year 2018-19, here today.

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Foresight Solar Fund buys five solar assets in Britain

Foresight Solar Fund buys five solar assets in Britain

Foresight Solar Fund Limited said on Friday it has bought a portfolio of five operational solar parks in Britain with an installed capacity of 53.3 megawatts (MW)

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RP21 will open gateway for coal transportation

RP21 will open gateway for coal transportation

Members of a voluntary organisation have demanded the scrapping of the Regional Plan (RP) 2021 and all outline development plans (ODP), and have asked for the preparation of a new RP 2031 in conformity with the people’s participation.

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CBI books ex-CVO BCCL in disproportionate assets case

CBI books ex-CVO BCCL in disproportionate assets case

The CBI has booked a former chief vigilance officer of Bharat Coking Coal Limited for allegedly amassing disproportionate assets to the tune of Rs 71.09 lakh during his six-year-long tenure three years ago, officials said today.

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BSES discoms partner with TERI for power conservation, raise awareness among students

BSES discoms partner with TERI for power conservation, raise awareness among students

The BSES discoms in the national capital will collaborate with policy research organisation TERI to make efforts to bring down the city's power demand and raise awareness among around 90,000 schoolchildren, said a spokesperson for the company.

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Power regulatory bodies must have a judicial member: Supreme Court

Power regulatory bodies must have a judicial member: Supreme Court

The Supreme Court ordered that one of the members of electricity regulatory commissions should be a person of judicial background, quashing orders of various high courts that the chairperson of such bodies in states should be a high court judge. The top court also said the judicial member should be part of the quorum in adjudicatory matters.

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CCI slashes price fixing penalty on battery makers

CCI slashes price fixing penalty on battery makers

The Competition Commission of India (CCI) has slashed penalty imposed on leading zinc-carbon dry cell battery manufacturers Eveready Industries India, Indo National and Panasonic Energy India for colluding to fix prices of their products.

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Siemens Gamesa bags multiple wind power orders of 140 MW

Siemens Gamesa bags multiple wind power orders of 140 MW

Siemens Gamesa Renewable Energy today said it has bagged multiple wind power orders totalling 140 MW from a leading independent power producer and many industrial customers in the country.

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Metals And Mines

Base metals decline on global cues

Base metals decline on global cues

Base metal prices fell by upto Rs 5 per kg at the non-ferrous metals market today, tracking a weak trend overseas amid easing demand from consuming industries.

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5 reasons why banning zinc oxide is good

5 reasons why banning zinc oxide is good

The European Union has banned zinc oxide to control diarrhoea in weaning pigs. There are at least 5 good reasons why it is better to stop using zinc oxide – especially since there are alternatives. For decades high dosages of zinc oxide have been used in piglet nutrition to prevent weaning diarrhoea. However, current reports are highlighting its negative effects …

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A man of steel: Vedanta's Agarwal enters steel biz with Electrosteel buy

A man of steel: Vedanta's Agarwal enters steel biz with Electrosteel buy

Some nights before he goes to sleep, Anil Agarwal says he dictates memos on a small voice recorder. The next day, he gives it to his secretary for follow up. “At that hour, it is better to record anything that comes to mind otherwise you may forget,

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DeBeers rolls out app to clean up Sierra Leone diamond supply chain

DeBeers rolls out app to clean up Sierra Leone diamond supply chain

Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the Anglo American unit said on Thursday.

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Schneider-Temasek may announce a deal to buy l&t’s electric & automation business

Schneider-Temasek may announce a deal to buy l&t’s electric & automation business

L&T Electrical & Automation is expected to be valued between Rs 13,000 crore to Rs 15,000 crore, which is lower than the earlier estimate. This has been a sensitive topic for the L&T top brass led by group chairman AM Naik .
...

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Tata Group’s business restructuring plan hits a ‘hydrocarbon’ hurdle

Tata Group’s business restructuring plan hits a ‘hydrocarbon’ hurdle

Tata Petrodyne Ltd, which has put up its six oil and gas blocks for sale, is yet to find interest from buyers, two people aware of the matter said.

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India seeks consultants to frame regulations for gas trading hub

India seeks consultants to frame regulations for gas trading hub

With the Indian government aiming to set up a natural gas trading hub in the country, sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) is seeking to appoint a consultant to help determine a regulatory mechanism for such a trading exchange.

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Oil stocks face crucial earnings test as investors venture back in

Oil stocks face crucial earnings test as investors venture back in

Formerly sceptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices.

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India's Iran oil imports fell 15.7 pct in fiscal year 2017/18- trade

India's Iran oil imports fell 15.7 pct in fiscal year 2017/18- trade

India’s oil imports from Iran during the 2017/18 fiscal year fell by 15.7 percent from a year ago as state refiners reduced purchases after a row over development rights for an Iranian natural gas field, according to data from shipping and industry sources.

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Shell snaps up more than eight million barrels Mideast, Russia oil in Asia: sources

Shell snaps up more than eight million barrels Mideast, Russia oil in Asia: sources

Royal Dutch Shell has snapped up more than 8 million barrels of Middle East and Russian crude oil loading in June and resold some cargoes at higher premiums as it profits from robust demand in Asia, five trading sources said on Friday.

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ONGC sells June Russian Sokol crude to Shell -sources

ONGC sells June Russian Sokol crude to Shell -sources

India’s ONGC Videsh has sold 700,000 barrels of Russian Sokol crude to Shell at a steady premium from previous deals, trade sources said on Friday

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Chidambaram slams government over petrol prices; says Modi clueless, floundering without oil bonanza

Chidambaram slams government over petrol prices; says Modi clueless, floundering without oil bonanza

As petrol price hits a 55-month-high and just 1 paisa short of reaching the second higher level in India’s history, former finance minister P Chidambaram has slammed the Narendra Modi government for high fuel prices, saying that without the low price oil bonanza, it is “clueless and floundering”.

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Diesel Price Hits Fresh All-Time High, Petrol Costliest Since September 2013

Diesel Price Hits Fresh All-Time High, Petrol Costliest Since September 2013

Diesel prices retailed at an all-time high on Friday. In Delhi, diesel clocked a record high of Rs. 65.31. In Kolkata, diesel rates were at Rs 68.01, in Mumbai at Rs. 69.54 and in Chennai at Rs. 68.9. Petrol prices were also recorded at a 55-month high.

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Consumer Forum penalises IRCTC and Northern Railway for serving meal with ‘insect’ to passenger

Consumer Forum penalises IRCTC and Northern Railway for serving meal with ‘insect’ to passenger

INDIAN RAILWAY Catering and Tourism Corporation (IRCTC) and Ambala Division of Northern Railway were fined by the UT Consumer Forum after a Chandigarh resident complained of an insect in her food packet on the Kalka-New Delhi Shatabdi Express.

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Indian Railways Made its Least Ever Profits in the Last Financial Year. Here's What it Means

Indian Railways Made its Least Ever Profits in the Last Financial Year. Here's What it Means

At 98.5 percent for financial year 2017-18, the Indian Railways is set to communicate its worst ever operating ratio to Comptroller Auditor General (CAG). The Union Budget in February had announced a revised operating ratio, a measure of its performance, of 96 percent.

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Wearable GPS bands to help railways track gangmen, enhance safety

Wearable GPS bands to help railways track gangmen, enhance safety

Wearable tech has found a key use — to make Indian Railways safer. To ensure those responsible for the upkeep of tracks are doing their duty, railway authorities have come up with a wearable GPS device, resembling a fitness band, for track maintainers, earlier known as gangmen.

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IRCTC hotel scam: CBI asked to procure sanctions till May 9

IRCTC hotel scam: CBI asked to procure sanctions till May 9

The special CBI court granted more time to the CBI for the procurement of sanctions against accused of IRCTC hotel tender scam, including former Railway minister Lalu Yadav, his wife Rabri Devi and son Tejaswi Yadav and others.

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Railways' operating ratio could be its worst ever in FY 18

Railways' operating ratio could be its worst ever in FY 18

Railways' operating ratio, the direct indicator of working of the government-run transporter could settle at 98.5 per cent for 2017-2018, recording its worst performance ever since 2000-2001 when it was 98.3 per cent, an official said.

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To Beat Summer Rush, 10 Trains Between Mumbai And Varanasi

To Beat Summer Rush, 10 Trains Between Mumbai And Varanasi

To clear the summer rush of extra passengers, the Central Railway will run 10 summer special trains on between Chhatrapati Shivaji Maharaj Terminus, Mumbai and Varanasi. The train tickets, however, will have different pricing.

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Indian Railways start cashless delivery of meal on train

Indian Railways start cashless delivery of meal on train

To encouraging cashless transactions and to make Indian Railways truly digital, Indian Railway has started cashless delivery of meals on train. This would help check overcharging on food items to the passengers, claim the officials. The catering staff members would be given PoS (point of sale) terminal machines and stringent action would be taken against the staff members if they fail to produce the bills against the food purchased, the officers warn.

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Get ready, green Metro stations coming

Get ready, green Metro stations coming

The Metro will drive the city into a green revolution. The stations that are being developed on the route are all set to transport Nagpurians in a world-class infrastructure. As one steps in, not only modernity is seen at its best but also sustainability.

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