GOOD EVENING INDIA

December 12, 2018, Wednesday

Your Evening News Updates From Across The Media Space

Cabinet approves Long Term Agreements for supply of iron ore to Japan and South Korea through MMTC Limited

Cabinet approves Long Term Agreements for supply of iron ore to Japan and South Korea through MMTC Limited

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the renewal of Long Term Agreements (LTAs) for supply of iron ore (lumps and fines) of grade +64% Fe content to Japanese Steel Mills (JSMs) and POSCO, South Korea for another five years (i.e. 1.4.2018 upto 31.3.2023) through MMTC Limited.

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RINL targets Rs 19,000 Cr turnover in FY 19

RINL targets Rs 19,000 Cr turnover in FY 19

Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant is targeting Rs 19,000 crore revenues and also net profit during the current fiscal, after suffering losses for the past few years, a senior official said.

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Coal India ropes in IIT to plan manpower profile

Coal India ropes in IIT to plan manpower profile

Coal India Ltd (CIL) has engaged the Indian Institute of Technology (IIT) to prepare a comprehensive manpower profile plan for itself. The world’s largest coal company employs 2.8 lakh persons including executives.

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ETMarkets After Hours: Melting aluminium hurts markets; Jio touch lifts RIL

Melting aluminium hurts markets; Jio touch lifts RIL

The domestic equity market ended at over two-month high on Tuesday, driven by solid buying in heavyweight stocks such as Reliance Industries (RIL), HDFC and ICICI Bank.

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Global wind capacity to rise by more than half in next five years

Global wind capacity to rise by more than half in next five years

Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows.

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India, Mongolia to enhance bilateral trade, investments

India, Mongolia to enhance bilateral trade, investments

India and Mongolia today discussed economic cooperation in areas such as infrastructure development, energy, services and IT and agreed to explore possibility of launching direct air connectivity between New Delhi and the Mongolian capital Ulaanbaatar.

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European spot power prices lifted by expected rise in demand

European spot power prices lifted by expected rise in demand

European spot electricity prices for day-ahead delivery soared in the wholesale market on Wednesday buoyed by forecasts showing a rise in consumption due to falling temperatures, and a drop in electricity generation from wind turbines.

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ArcelorMittal Placed A Higher Bid For Essar Steel In First Round

ArcelorMittal Placed A Higher Bid For Essar Steel In First Round

The first round of resolution plans submitted for Essar Steel Ltd saw ArcelorMittal India offer greater value than competitor Numetal Mauritius, bankers in the know told BloombergQuint on condition of anonymity.

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Electricity for all MP villages by October: CM Shivraj Singh Chouhan

Electricity for all MP villages by October: CM Shivraj Singh Chouhan

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has claimed all villages in the state will be electrified by October and Rs 2 lakh crore spent on development of tribals in five years.

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J-K Cabinet approves setting up of JK Renewable Energy Corporation

J-K Cabinet approves setting up of JK Renewable Energy Corporation

The Jammu and Kashmir cabinet today approved setting up of Jammu and Kashmir Renewable Energy Corporation.

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First growth in India’s natural gas production in six years

First growth in India’s natural gas production in six years

India’s natural gas production grew for the first time in six years in 2017-18. Gas output grew 2.35 per cent to 32,649 Million Standard Cubic Meter (MMSCM) primarily due to production from onshore blocks offsetting a decline in production from offshore blocks, an ETEnergyWorld analysis of fresh data from the oil ministry shows.

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Prices of energy commodities set to rise by 20 pc this year: World Bank

Prices of energy commodities set to rise by 20 pc this year: World Bank

Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report.

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MNGL eyes PMC areas to expand piped natural gas connection reach

MNGL eyes PMC areas to expand piped natural gas connection reach

The Maharashtra Natural Gas Limited (MNGL) has shifted focus to areas in the city civic limits from Pimpri Chinchwad to increase its piped natural gas coverage.

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Saudi Arabia may be sowing seeds of an oil crash

Saudi Arabia may be sowing seeds of an oil crash

Saudi Arabia is rumoured to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials want more revenues for their budget and a higher oil price to bolster the valuation of the Aramco IPO. But that shortterm thinking could spell trouble not just for them, but also for oil prices, and ultimately for longevity of oil demand.

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Stanchart raises crude oil price forecasts for 2018, 2019

Stanchart raises crude oil price forecasts for 2018, 2019

Standard Chartered has raised its 2018 crude oil price forecasts by $10 saying that the market has began to acknowledge the importance of OPEC-led production cuts.

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Crude Oil Price Falls Away From Late-2014 Highs

Crude Oil Price Falls Away From Late-2014 Highs

Oil prices on Wednesday fell back from more than three-year highs reached the previous session as rising US fuel inventories and production weighed on an otherwise bullish market.

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Buying train ticket on IRCTC website or app? Pay these transaction charges for digital payment

Buying train ticket on IRCTC website or app? Pay these transaction charges for digital payment

Every time a railway passenger buys a train ticket through Indian Railway Catering And Tourism Corporation (IRCTC) website or app using digital payment methods, a nominal amount is deducted for payments made through net banking, credit cards or debit cards,

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Southern Railway starts Trial Measure to print Journey details on the Rail Tickets in Tamil

Southern Railway starts Trial Measure to print Journey details on the Rail Tickets in Tamil

Since Monday evening, unreserved tickets at five stations in Tamil Nadu including Chennai Central have journey details printed in Tamil, apart from Hindi and English.

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Is Indian Railways stations comparison with airports justified? Find out

Is Indian Railways stations comparison with airports justified? Find out

Ashwani Lohani, Chairman of the Indian Railway Board, in an exclusive interview with Zee Business's Sameer Dixit reveals what is in store for Indian Railways passengers in the near future including his own take on Indian Railways stations with look and feel of airports and the comparison thereof. Here are the edited excerpts of the interview:

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BMRCL Chief suggest Centre to notify Metro Rail Systems under the “Essential Services Category”

BMRCL Chief suggest Centre to notify Metro Rail Systems under the “Essential Services Category”

In anticipation of the indefinite strike threat from the Metro Union recurring, the Bangalore Metro Rail Corporation Limited (BMRCL) has written to the Centre asking it to urgently notify all Metro Railway Services as ‘Essential Services’ under the Central Government’s Essential Services Maintenance Act (ESMA).

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Southern Railway introduce Antyodaya Daily Express Train between Tambaram–Tirunelveli

Southern Railway introduce Antyodaya Daily Express Train between Tambaram–Tirunelveli

Antyodaya daily express trains are to be introduced between Tambaram – Tirunelveli by the Southern Railway as per latest announcement.

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Decks cleared for Rs.600 Crore Rail Coach Refurbishing & Rehabilitation Factory at Barhi in Sonepat

Decks cleared for Rs.600 Crore Rail Coach Refurbishing & Rehabilitation Factory at Barhi in Sonepat

Over two years after it was announced with much fanfare, decks have been cleared for a big ticket railway project — the Rail Coach Refurbishing and Rehabilitation Factory — at Barhi in Sonepat district in Haryana.

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