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December 10, 2018, Monday

Your Evening News Updates From Across The Media Space

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By end 2018, Delhi-Mumbai Rajdhani Express train trip in just 13 hours? This is Indian Railways new experiment

By end 2018, Delhi-Mumbai Rajdhani Express train trip in just 13 hours? This is Indian Railways new experiment

Delhi-Mumbai Rajdhani Express set for a new experiment by Indian Railways – one that will leave passengers very happy! For the first time in Indian Railways, an engine will be attached to both the front and the rear of a passenger train in order to increase speed and reduce travel time.

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How rise in coal, diesel prices may impact profit margins of cement companies

How rise in coal, diesel prices may impact profit margins of cement companies

Due to rising prices of pet coke, coal and diesel, cement firms in India may face pressure on their profit margins in the near term, PTI reported citing ICRA report.

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ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'

ArcelorMittal says may pay off dues of Uttam Galva as a 'goodwill gesture'

The world's largest steel maker ArcelorMittal today asserted that its bid for debt-laden Essar SteelNSE 0.00 % is "eligible" and indicated that any pay off towards outstanding dues of Uttam Galva, a firm in which it was a minority shareholder till sometime back, would be a "goodwill gesture".

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NTPC Targets 268 BU Power Generation for the Year 2018-19

NTPC Targets 268 BU Power Generation for the Year 2018-19

NTPC, India’s largest power generating company said on Thursday that it is aiming at generating 268 billion units (BU) of electricity during the fiscal year 2018-19, under a Memorandum of Understanding (MoU) signed by it with the Ministry of Power in New Delhi

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JSW Energy reports net loss of Rs 480 crore in fourth quarter

JSW Energy reports net loss of Rs 480 crore in fourth quarter

JSW Energy, an arm of the JSW Group in India, today posed a net loss of Rs 480.05 crore for the quarter ended March 2018 owing to higher fuel cost and provisions against outstanding payments.

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Adanis rope in ex-Tata Power head Anil Sardana to head transmission arm

Adanis rope in ex-Tata Power head Anil Sardana to head transmission arm

Within a day of leaving the Tata Group after a two-decades-plus stint, former head of Tata Power Anil Sardana joined Adani Transmissions as its new managing director and chief executive effective May 1.

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Rise in short-term power prices due to demand-supply mismatch of coal: India Ratings

Rise in short-term power prices due to demand-supply mismatch of coal: India Ratings

Short-term power prices on the exchange rose to Rs 4.02 per unit in March 2018 from Rs 3.23 per unit in February due to increase in seasonal demand, inadequate availability of coal with the thermal generators and decline in nuclear and hydro power generation, according to India Ratings and Research, a Fitch Group-owned credit rating agency.

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Delhi HC seeks CBI's reply on sentencing in a coal scam case

Delhi HC seeks CBI's reply on sentencing in a coal scam case

Delhi High Court today sought the CBI's response on an appeal by director of Gondwana Ispat Ltd challenging his conviction and sentence of four years in a coal scam case relating to the allocation of a coal block in Maharashtra.

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Tesla reports narrower than expected losses, shares swerve

Tesla reports narrower than expected losses, shares swerve

Tesla reported that it lost less money than the market expected and said it was making progress ramping up production of Model 3 electric cars.

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Companies seeking environment clearance will have to pay for fund

Companies seeking environment clearance will have to pay for fund

The environment ministry has firmed up guidelines that will require every corporate seeking green clearance to set aside up to 2% of its capital investment for Corporate Environment Responsibility (CER).

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Acquiring L&T's electrical and automation biz is a strategic and core deal: Anil Chaudhry, Schneider

Acquiring L&T's electrical and automation biz is a strategic and core deal: Anil Chaudhry, Schneider

What are your first thoughts on the just announced agreement with L&T? What is the larger strategy at play behind this acquisition? We are very happy to have signed this agreement of acquiring the electrical and automation business of L&T.

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The Supreme Court restores enviornment clearance of Adani's Hazira Port

The Supreme Court restores enviornment clearance of Adani's Hazira Port

Adani Ports and Special Economic Zone (APSEZ) has announced that the Supreme Court has restored the environment clearance granted to APSEZ’s Hazira port. The Supreme Court’s ruling sets aside National Green Tribunal’s (NGT) January 2016 order to cancel the green clearance to this port.

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Tata Power in spotlight after Q4 results

Tata Power in spotlight after Q4 results

On a consolidated basis, Tata Power reported a net profit of Rs 1477.50 crore in Q4 March 2018 compared with net loss of Rs 226.93 crore in Q4 March 2017. Net sales rose 12.70% to Rs 7895.23 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 2 May 2018.

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Bengal has sole operatorship of India's largest coal block: Banerjee

Bengal has sole operatorship of India's largest coal block: Banerjee

West Bengal Chief Minister Mamata Banerjee today claimed to have got the Centre's clearance for the sole operatorship of India's largest coal block Deocha-Pachami in the state's Birbhum district.

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The future of renewable energy in India

The future of renewable energy in India

With 300 clear sunny days, over a dozen perennial rivers and a coastline of more than 7,500 KMs, India since the age of Puranas, had realised the importance of the sun and other sources of renewable energy and the power they possess for the benefit of its inhabitants.

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OPINION: Climate resolution at Rio meeting heralds coming climate avalanche

OPINION: Climate resolution at Rio meeting heralds coming climate avalanche

It may not sound like a lot, but the 18 percent of Rio Tinto shareholders that voted in favour of a resolution that effectively called on the company to do more to address climate change have launched a snowball at the top of a large mountain.

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Crude oil brings back familiar trouble for Indian bonds as rising prices threaten Modinomics

Crude oil brings back familiar trouble for Indian bonds as rising prices threaten Modinomics

The 10-year U.S. bond yield breaking through the 3 percent danger level worries India, as it does every emerging market. Still, the price that sends policy-makers in New Delhi and Mumbai into paroxysm isn’t that of global capital, but of a commodity: oil.

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OALP round 1 for oil, gas blocks gets good response

OALP round 1 for oil, gas blocks gets good response

State-run explorer Oil and Natural Gas Corp (ONGC) bid on Wednesday for 37 oil and gas blocks while private sector Vedanta Resources placed bids for all the 55 areas on offer in the first auction of oil and gas acreage under the new open acreage licensing policy (OALP), according to an official announcement.

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Petrol, diesel price on 3rd May 2018: Check out rates here city-wise

Petrol, diesel price on 3rd May 2018: Check out rates here city-wise

Petrol and diesel prices were unchanged for the 10th straight day, applicable from 6:00 a.m. on 3rd May 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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Vedanta, ONGC Top Bidders In Oil Block Auction

Vedanta, ONGC Top Bidders In Oil Block Auction

Mining moghul Anil Agarwal’s Vedanta Ltd and state-owned ONGC were top bidders on Wednesday for 55 oil and gas blocks offered in India’s maiden open acreage auction that was shunned by domestic private and international energy majors.

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LPG Cylinders Get Cheaper For 5th Month In A Row. Here's What You Have To Pay Now

LPG Cylinders Get Cheaper For 5th Month In A Row. Here's What You Have To Pay Now

LPG cylinder prices were lowered this month. While the reduction in subsidised LPG cylinder prices was negligible, non-subsidised cylinder prices were reduced by 0.5 per cent, data from Indian Oil Corporation showed. Indian Oil supplies LPG or cooking gas under brand Indane.

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Glencore forms energy trading venture with Zhejiang Petroleum

Glencore forms energy trading venture with Zhejiang Petroleum

Commodities trader Glencore has formed a joint venture with China's Zhejiang Petroleum to trade energy products, officials at Glencore and Zhejiang said on Thursday.

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PetroVietnam Gas starts up $439 million LPG processing facility

PetroVietnam Gas starts up $439 million LPG processing facility

PetroVietnam Gas JSC has started up a 10 trillion dong ($439 million) gas processing plant in southern Vietnam to produce liquefied petroleum gas (LPG) to meet the nation's rising fuel demand.

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Forte Oil to sell some Nigerian assets, pull out of Ghana

Forte Oil to sell some Nigerian assets, pull out of Ghana

Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home.

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Now, Book Tatkal Tickets Through App, Pay From IRCTC E-Wallet

Now, Book Tatkal Tickets Through App, Pay From IRCTC E-Wallet

Now, there’s a new way to pay for railway e-tickets. Railways has announced that the users of e-wallet of Indian Railway Catering and Tourism Corporation (IRCTC) can book tickets, including Tatkal quota tickets, through mobile app IRCTC Rail Connect, said an NDTV report.

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Indian Railways' Reverse Auction To Save Rs. 20,000 Crore Annually

Indian Railways' Reverse Auction To Save Rs. 20,000 Crore Annually

To ensure substantial savings for the Indian Railways, Railway Minister Piyush Goyal has suggested implementation of electronic reverse auction or ERA for all high value procurements which will result in a 10 per cent saving in costs and a total saving of up to 20,000 crore rupees in procurement.

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First for passenger trains: Special Rajdhani to have engines at both ends

First for passenger trains: Special Rajdhani to have engines at both ends

For the first time on Indian Railways, a passenger train will have an engine at the front and the rear to save travel time. Western Railway will hold trials with this technique on the special Rajdhani that plies from Bandra Terminus to Delhi's Hazrat Nizamuddin. This technique has been successfully tried out with good

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Passenger friendly features coming to IRCTC website and app

Passenger friendly features coming to IRCTC website and app

Indian Railway Catering and Tourism Corp (IRCTC) website and app is soon going to have more passenger friendly features

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Monopoly over Transport of Coal to TN Power Plants boosts Southern Railway’s inward traffic

Monopoly over Transport of Coal to TN Power Plants boosts Southern Railway’s inward traffic

Shift in transportation of coal to all-rail mode from various mines in Eastern India to power plants in Tamil Nadu helped Southern Railway (SR) get more inward traffic in 2017-18.

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MoS (Railways) and Chattisgarh CM jointly inaugurates Durg-Ferozpur New Antyodaya Express

MoS (Railways) and Chattisgarh CM jointly inaugurates Durg-Ferozpur New Antyodaya Express

A new weekly train no 22895/22896 Durg-Ferozpur-Durg Antyodaya Express was inaugurated by Shri Rajen Gohain, Minister of State for Railways & Dr. Raman Singh, Chief Minister, Chattisgarh.

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Indian Railway probationers to visit Germany, learn from Europe’s largest network

Indian Railway probationers to visit Germany, learn from Europe’s largest network

In a first, the current batch of railway probationers undergoing training will make a five-day trip to Germany this summer and get to know Deutsche Bahn (DB), the largest railway network in Europe, shortly before they formally begin their career.

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Indian Railways plans to build Capacity to handle more Traffic: says Member-Traffic/Railway Board

Indian Railways plans to build Capacity to handle more Traffic: says Member-Traffic/Railway Board

After achieving the highest-ever freight loading in the last financial year, Indian Railways has got some assured business from the Power Ministry for the next three years. With an assured incremental demand, the transporter now aims to build capacity to handle more traffic.

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343 km, minus 35 degrees: China set to open its longest high-speed railway line

343 km, minus 35 degrees: China set to open its longest high-speed railway line

China is set to open its longest high-speed train route soon, and has begun test runs on the line since Tuesday. The route is notable for running through a region which sees temperatures dip to -35 degrees Celsius at certain points in the year.

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Railway vendor fined Rs 1 lakh for using toilet water in tea and coffee

Railway vendor fined Rs 1 lakh for using toilet water in tea and coffee

A viral video dating back to December of last year has prompted authorities to impose a fine of Rs 1 lakh on a railway vendor for using toilet water on trains to make tea and coffee.

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