GOOD EVENING INDIA

December 14, 2018, Friday

Your Evening News Updates From Across The Media Space

India’s first industrial solar microgrid commissioned in Gujarat

India’s first industrial solar microgrid commissioned in Gujarat

Swedish-Swiss multinational giant ABBtoday announced it has commissioned India’s first industrial solar microgrid at its Vadodara manufacturing facility in Gujarat.

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PM Modi says Karnataka’s renewable energy capacity doubled in 4 years

PM Modi says Karnataka’s renewable energy capacity doubled in 4 years

Ahead of the upcoming Karnataka assembly polls, Prime Minister Narendra Modi on Thursday said the state’s renewable energy capacity work has doubled in the past four years. He was interacting with party workers in the state through the NaMo app to motivate their morale.

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India defends safeguard duty on solar cells opposed by EU, Japan in WTO

India defends safeguard duty on solar cells opposed by EU, Japan in WTO

India has told a WTO committee that it followed global trade rules while imposing safeguard measures on imported solar cells even as the European Union and Japan have criticised the move.

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Essar to invest Rs 900 crore in Raniganj CBM block

Essar to invest Rs 900 crore in Raniganj CBM block

Ruia family-owned Essar Oil and Gas will invest Rs 900 crore in drilling 150 more wells on its Raniganj CBM block in West Bengal to more than double gas output to 2.3 million standard cubic metres per day by 2021, its Managing Director and CEO Vilas Tawde said.

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Siemens Gamesa bags largest wind turbine order in India

Siemens Gamesa bags largest wind turbine order in India

Siemens Gamesa Renewable Energy, the Spanish wind energy giant, today announced it has bagged largest order for wind turbines in India.

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NCLT adjourns Monnet Ispat case hearing till May

NCLT adjourns Monnet Ispat case hearing till May

The Mumbai bench of NCLT on Wednesday adjourned until May 4 the hearing on the resolution plan for Monnet Ispat and Energy, with the judge seeking clarity from the resolution professional’s counsel on a few aspects of the revival blueprint.

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New wind farms, strong winds boost renewable energy group Orsted

New wind farms, strong winds boost renewable energy group Orsted

Danish energy group Orsted on Thursday reported first-quarter core profit above analyst expectations and raised its outlook for the year based on a ramp-up of new offshore wind parks, plus strong winds speeds.

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France's Mersen expects energy transition to drive sales growth

France's Mersen expects energy transition to drive sales growth

Mersen, a French specialist in electrical power and advanced materials, said on Wednesday it is well positioned to take advantage of demand generated by energy transition, which had supported strong growth in first-quarter sales.

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Volvo expects half its sales to be pure electric vehicles by 2025

Volvo expects half its sales to be pure electric vehicles by 2025

Swedish luxury carmaker Volvo targets to sell one million electrified cars by 2025 when half of all the cars it sells globally are expected to be full electric models, a top company official said. Being the first luxury carmaker to announce its intention of shifting its focus away from diesel and towards electrified vehicles, Volvo Car, owned by Chinese carmaker Geely, looks to partly electrify its entire fleet by 2019 through hybrid versions.

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India will network with China, others to negotiate better on oil: Dharmendra Pradhan

India will network with China, others to negotiate better on oil: Dharmendra Pradhan

India will work to create a network with other major oil buyers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers, the country's Oil Minister Dharmendra Pradhan said in New Delhi on Thursday.

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How petrol and diesel prices have fluctuated in the last five years – See chart

How petrol and diesel prices have fluctuated in the last five years – See chart

Petrol and diesel prices remained at over 55-month high on Thursday, amidst continuous calls for a cut in excise duty to ease the burden on consumers.

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Rosneft-owned Essar Oil to be called Nayara Energy

Rosneft-owned Essar Oil to be called Nayara Energy

Russian oil major Rosneft-owned Essar Oil Ltd plans to change its corporate identity to Nayara Energy Ltd, the company said today.

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India consumers, govt face squeeze as World Bank sees oil on the boil

India consumers, govt face squeeze as World Bank sees oil on the boil

The World Bank has projected a 20% jump in global prices of energy commodities – crude oil, gas and coal – this year, indicating a continued squeeze on fuel consumers in India and raising the prospect of cramping the government's social spending ability as it heads back to people for another mandate.

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Raging oil price fire set to hit inflation; Centre in big fix, solution tough

Raging oil price fire set to hit inflation; Centre in big fix, solution tough

The government may not be able to continue passing on the rise in global crude prices to consumers for long without pushing up the consumer price index (CPI) inflation, say economists.

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So Far This Year, Petrol Prices Up Over Rs. 4.5 Per Litre, Diesel Rs. 6 Per Litre Costlier

So Far This Year, Petrol Prices Up Over Rs. 4.5 Per Litre, Diesel Rs. 6 Per Litre Costlier

Petrol and diesel prices today were kept unchanged for a second straight day. In Delhi, petrol still costs the most since September 2013 while diesel is at its highest level ever. In September 2013, petrol priced hit Rs. 76.03 per litre in

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IMF Estimates Higher Crude Oil Prices May Not Have Any Significant Impact On India’s Gdp

IMF Estimates Higher Crude Oil Prices May Not Have Any Significant Impact On India’s Gdp

According to the International Monetary Fund (IMF), the impact of higher oil prices on India’s gross domestic product may not be all that much this year and the next.

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China's Top Refiners Plan Q2 Maintenance, Cast Doubts On Global Oil Optimism

China's Top Refiners Plan Q2 Maintenance, Cast Doubts On Global Oil Optimism

Some of China's top refineries will shut in May and June for maintenance, cutting nationwide throughput by some 10 percent and dampening oil demand in the world's largest crude importer after record run levels in March, according to a Reuters survey.

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Shell profit soars on stronger oil prices

Shell profit soars on stronger oil prices

Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production.

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Petrobras scraps Liquigas IPO, eyes antitrust risk in sale -sources

Petrobras scraps Liquigas IPO, eyes antitrust risk in sale -sources

Petroleo Brasileiro SA has given up on the idea of selling its Brazilian liquefied petroleum gas (LPG) unit through an initial public offering (IPO) and decided to reopen a sale process, three people with knowledge of the matter said.

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Railways To Raise Rs 40 Billion For Redevelopment Of 50 Stations

Railways To Raise Rs 40 Billion For Redevelopment Of 50 Stations

The Indian Railways Station Development Corporation (IRSDC) is all set to start work on the first phase of its ambitious station redevelopment project soon, reports Business Standard. The company is likely to raise Rs 40 billion from the market to redevelop 50 stations across India,

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Railways to run 9,600 additional trips this summer, ensure 7 lakh more seats

Railways to run 9,600 additional trips this summer, ensure 7 lakh more seats

The Indian Railways has decided to run 9,600 additional train trips this summer, providing seven lakh more seats to passengers travelling to various destinations.

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Railway Minister Piyush Goyal Orders Inquiry Into Kushinagar Train-School Van Accident

Railway Minister Piyush Goyal Orders Inquiry Into Kushinagar Train-School Van Accident

Railway Minister Piyush Goyal has ordered an inquiry into the Kushinagar train-school van accident and announced a compensation of Rs. 2 lakh for the kin of the deceased.

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Delhi Metro parking rates to be hiked from May 1, expect jump of nearly 50%

Delhi Metro parking rates to be hiked from May 1, expect jump of nearly 50%

Parking charges at Delhi Metro Rail Corporation’s (DMRC) parking lots will get costlier from May 1. The steep increase — an increase of almost 50% — comes just months after the metro fare hike in October.

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Railways redrafts housing policy with focus on staff satisfaction

Railways redrafts housing policy with focus on staff satisfaction

CRB Ashwani Kumar Lohani pushes forward reforms aiming to overhaul the poorly maintained railway colonies and address shortage of quarters

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Railways tries out new color scheme on ICF design sleeper coaches

Railways tries out new color scheme on ICF design sleeper coaches

The Railways has painted a number of dark blue colour train coaches in yellowish tan and teak to give them a vibrant look. According to a ministry statement, the Northern Railways has used a new colour scheme on ICF design sleeper coaches on the directions of the Railway Board.

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German Delegation opines Kolkata Metro should have a much larger fleet and increased frequency of trains

German Delegation opines Kolkata Metro should have a much larger fleet and increased frequency of trains

A German Railway delegation struck by the volume of commuters who use the Kolkata Metro suggested after a ride from Esplanade to Masterda Surya Sen station on Wednesday that the transport lifeline should have a much larger fleet and increased frequency of trains.

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