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August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space

MUST READ

Petrol price at Rs 74.50 a litre in Delhi, highest since September 2013

Petrol price at Rs 74.50 a litre in Delhi, highest since September 2013

Petrol prices rose for the fifth consecutive day on Monday to Rs 74.50 per litre in New Delhi, even as global crude oil cost dipped somewhat due to international factors.

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STORIES OF THE DAY 

 

Jio May Help Ril To Regain $100 Billion Tag

Jio May Help Ril To Regain $100 Billion Tag

Reliance Industries, the country’s second-most valuable company, is being seen as the next likely candidate from India for the $100-billion market-cap club after Tata Consultancy Services.

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Big Real Estate Deal: Essar Sells Office Asset In Mumbai To Brookfield For Rs 2,400 Cr

Big Real Estate Deal: Essar Sells Office Asset In Mumbai To Brookfield For Rs 2,400 Cr

In a big-ticket real estate deal, Essar group has sold prime commercial property Equinox Business Parks at Bandra-Kurla Complex (BKC) in Mumbai to global investment firm Brookfield for Rs 2,400 crore. Essar today said it has completed the sale of Equinox Business Parks to Brookfield

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SunSource Energy To Install 2.5 MW Solar Plant At Jamia Millia University

SunSource Energy To Install 2.5 MW Solar Plant At Jamia Millia University

Solar project developer SunSource Energy today said it will set up a 2.5 MW solar rooftop at Jamia Millia Islamia University, which would help the institution save around Rs 1 crore in energy cost every year.

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Diu Smart City the first in India to run on 100% renewable energy during daytime

Diu Smart City the first in India to run on 100% renewable energy during daytime

Diu Smart City has become the first city in India that runs on 100 percent renewable energy during daytime setting a new benchmark for other cities to become clean and green. Diu, which is a town in the district by the same name in the Union Territory of Daman and Diu, had been importing 73 percent of its power from Gujarat until 2017.

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US utility CenterPoint Energy to buy Vectren in $6 billion deal

US utility CenterPoint Energy to buy Vectren in $6 billion deal

U.S. gas and electric utility CenterPoint Energy said on Monday it would buy rival Vectren Corp for about $6 billion, the latest in a string of mergers in the sector as power consumption in many parts of the country flattens.

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India-Poland bilateral trade crosses $3 bn in 2017: Polish envoy

India-Poland bilateral trade crosses $3 bn in 2017: Polish envoy

The bilateral trade between India and Poland has crossed $ 3 billion in 2017 and the European country is exploring various sectors to improve the trade balance, the Polish envoy to India said here on Monday.

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IBC SOLAR Commissions 27-MW-plant in the Indian State of Odisha

IBC SOLAR Commissions 27-MW-plant in the Indian State of Odisha

IBC SOLAR, a global leader in photovoltaic (PV) systems and energy storage, has completed a 27 MW (DC) solar plant near Kesinga in the District of Kalahandi/Odisha.

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It will be very hard to push JSW Steel to number two - Mr Sajjan Jindal

It will be very hard to push JSW Steel to number two - Mr Sajjan Jindal

Indian steel tycoon and visionary Mr Sajjan Jindal spoke to Pavan Lall of Business Standard on how he sees JSW Steel’s future and the possibility of his company not being the number one steelmaker and why he simply refuses to go in for acquisitions at any price in the ongoing bankruptcy proceedings.

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SC Seeks Report On Compliance Of Safety Features Of Kudankulam N-plant

SC Seeks Report On Compliance Of Safety Features Of Kudankulam N-plant

The Supreme Court on Monday asked the Nuclear Power Corporation of India Ltd (NPCIL) to file an affidavit indicating the progress made on safety features of Kudankulam Nuclear Power Project (KNPP) in Tamil Nadu's Tirunelveli district.

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India’s crude oil import bill set to rise 20% to $105 billion in FY19

India’s crude oil import bill set to rise 20% to $105 billion in FY19

The steady rise in international crude oil prices besides pinching the pockets of Indian consumers may also disrupt the government’s fiscal maths with the country’s crude oil import bill expected to surge by 20 per cent to $105 billion in financial year 2018-2019, an Oil Ministry report said.

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Diesel Hits All-Time High Of Rs 70, Strike Threat By Truckers

Diesel Hits All-Time High Of Rs 70, Strike Threat By Truckers

The price of diesel in Mumbai touched an all-time high of Rs 70.01 per litre on Monday. This has left scores of transporters fuming, with the threat of a transport strike looming large.

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Will higher diesel prices hit consumption?

Will higher diesel prices hit consumption?

Diesel prices are at an all-time high. Will skyrocketing prices hit demand for the fuel? That is a possibility, but the impact owing to prices is unlikely to be much. For one, with the economy picking up steam, the demand outlook for diesel is robust. Secondly, demand for the auto fuel is typically inelastic.

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Petrofac To Sell Offshore Construction Vessel To Shanghai Zhenhua Heavy Industries

Petrofac To Sell Offshore Construction Vessel To Shanghai Zhenhua Heavy Industries

Oilfield services provider Petrofac Ltd said on Tuesday it agreed to sell an offshore construction vessel to Shanghai Zhenhua Heavy Industries Co Ltd to reduce debt.

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Thai petroleum fields auction to begin Tuesday: Energy Minister

Thai petroleum fields auction to begin Tuesday: Energy Minister

Thailand will begin auctions on Tuesday for petroleum fields in the Gulf of Thailand, Minister of Energy Siri Jirapongphan said on Monday.

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Court blocks Trump administration order delaying boost in fuel penalties

Court blocks Trump administration order delaying boost in fuel penalties

A federal court in New York on Monday blocked the Trump administration's decision to delay a rule that would raise penalties for automakers who do not meet federal fuel efficiency requirements.

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Petrol, diesel price on 24th April 2018: Check out rates here city-wise

Petrol, diesel price on 24th April 2018: Check out rates here city-wise

Petrol prices were hiked by 18 paise and diesel 20 paise, applicable from 6:00 a.m. on 24th 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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Trump Trade War Spurs India To Import More Oil, Drones From US

Trump Trade War Spurs India To Import More Oil, Drones From US

India is seeking more oil, drones and aircraft from the U.S. to help narrow its $28 billion trade surplus amid rising concerns of possible collateral damage to its economy from President Donald Trump’s trade spat with China.

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Haryana Govt To Construct 2 New Roads

Haryana Govt To Construct 2 New Roads

The Haryana government has decided to construct two new roads at a cost of over Rs 6.44 crore in the states Rewari and Nuh districts.

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India In Talks With South Korea To Develop Integrated Highway Monitoring And Information System

India In Talks With South Korea To Develop Integrated Highway Monitoring And Information System

India is looking to explore a Memorandum of Understanding (MoU) with South Korea to develop a Highway Information System (HIS) in the country. To be developed on the lines of the Express Highways Information Corporation (EHIC) of South Korea, the system would include monitoring of national highways along with a centralised control room.

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Indian Railways RRB Drive Is Environment-friendly! With Online Recruitment, 10 Lakh Trees Will Be Savedax

Indian Railways RRB Drive Is Environment-friendly! With Online Recruitment, 10 Lakh Trees Will Be Savedax

That some 2.37 crore people have applied as the Indian Railways kicked off the process of filling up over 88,000 posts is clearly indicative of the “jobless growth” the country is experiencing.

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Reliance Infrastructure announces FY18 total income of Rs. 28724 crores

Reliance Infrastructure announces FY18 total income of Rs. 28724 crores

Reliance Infrastructure Limited (RInfra) today announced its audited financial results for the quarter and year ended March 31, 2018. Following are the performance highlights: Consolidated results - Quarter ended March 31, 2018 - Q4 FY18 Total Income of Rs. 6,737 crore (US$ 1.0 billion) against Rs. 6,022 crore in Q4 FY17, an increase of 12% YoY - Q4 FY18 EBITDA …

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Delhi Metro set to suffer Reliance Infrastructure Rs 5,164 cr award hit over Airport Express line

Delhi Metro set to suffer Reliance Infrastructure Rs 5,164 cr award hit over Airport Express line

Arbitration payment to Reliance Infrastructure (RInfra) is set to hit Delhi Metro Rail Corporation (DMRC) hard as the loss-making metro rail body will have to shell out over Rs 5,000 crore as loan repayment with interest to Airport Express Line. Earlier this month, the Delhi High Court directed DMRC to service the entire debt of RInfra.

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Buy Indian Railways tickets via debit cards, credit cards soon for local trains

Buy Indian Railways tickets via debit cards, credit cards soon for local trains

Following the slow response via smart cards in Automatic Ticket Vending Machines (ATVMs), the Railway Board is planning to make provisions for allowing debit and credit cards to buy local train tickets. This Indian Railways move is aimed at increasing flexibility of buying rail tickets in Mumbai.

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Ministry vies to put rail varsity on ‘institution of eminence’ list

Ministry vies to put rail varsity on ‘institution of eminence’ list

Days before the National Rail and Transport University (NRTU) is set to commence classes for its first batch from August 1 this year, the Ministry of Railways is already vying to put the country’s first rail university on the list of elite institutions, in line with Prime Minister Narendra Modi’s plan to develop it as an ‘institution of eminence.’

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You won't believe what Indian Railways is planning now

You won't believe what Indian Railways is planning now

The country will get its first two "airport-like" railway stations -- Habibganj and Gandhinagar -- in nine months from now as part of the Indian Railways Rs 1-lakh crore station redevelopment programme, a senior official said. While Madhya Pradesh's Habibganj station will be ready by December,

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