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Your Evening News Updates From Across The Media Space
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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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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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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, 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, 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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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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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 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 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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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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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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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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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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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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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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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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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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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 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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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 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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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 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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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, 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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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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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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Indian Railway Catering and Tourism Corp (IRCTC) website and app is soon going to have more passenger friendly features
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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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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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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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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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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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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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