GOOD EVENING INDIA

June 20, 2018, Wednesday

Your Evening News Updates From Across The Media Space

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Prime Minister Modi to visit Nepal on May 11th; Agriculture, energy, connectivity on agenda

Prime Minister Modi to visit Nepal on May 11th; Agriculture, energy, connectivity on agenda

Prime Minister Narendra Modi will be in Nepal for a two-day state visit. He will be in Kathmandu on May 11th and 12th reciprocating Khadga Prasad Oli’s interest to bolster bilateral ties between the two countries.

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India energises diplomacy in neighbourhood

India energises diplomacy in neighbourhood

Pushing a regional integration strategy as part of its foreign policy in the neighbourhood, India is building energy infrastructure in several south Asian countries. In Sri Lanka, where power plants are run mainly on liquid fuel, India recently signed an agreement to build an LNG terminal near Colombo in collaboration with Japan.

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India doing extremely well on electrification: World Bank

India doing extremely well on electrification: World Bank

India is doing "extremely well" on electrification with nearly 85 per cent of the country's population having access to electricity, the World Bank has said.

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SoftBank Group's plan to pump $1 trillion into solar in India unlikely to receive special sops from govt

SoftBank Group's plan to pump $1 trillion into solar in India unlikely to receive special sops from govt

SoftBank wants to pour a whopping $1 trillion in India, by 2030, to develop solar power projects here. In return, the Japanese conglomerate is reportedly demanding that electricity tariffs be fixed in dollars and wants the government to ensure that power produced at its plants will definitely be bought.

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Bhushan Power RP asks SBI Cap to evaluate 3 bids

Bhushan Power RP asks SBI Cap to evaluate 3 bids

Lenders to the Bhushan Power and Steel (BPSL) are likely to meet next week to choose the most eligible bidder for the troubled steelmaker. Sources said BPSL’s resolution professional (RP) Mahender Kumar Khandelwal has now asked

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No hike in power tariffs for now as AP works hard to produce clean energy

No hike in power tariffs for now as AP works hard to produce clean energy

Andhra Pradesh government will reduce power tariffs by Re 1 per unit for those using smart meters during non-peak timings. Speaking to media persons after reviewing the functioning of the department, energy minister Kimidi Kala Venkata Rao revealed there would be no increase in power tariff and efforts are on to supply uninterrupted power in the state.

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Higher prices, better volumes boost Vedanta’s March quarter earnings

Higher prices, better volumes boost Vedanta’s March quarter earnings

With commodity prices rising, everyone expected Vedanta Ltd to reap those benefits during the March quarter. It not only did that, but did much better than the Street forecast.

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Siemens Gamesa reports 54 pct y/y rise in order intake in Q2

Siemens Gamesa reports 54 pct y/y rise in order intake in Q2

Siemens Gamesa, which overtook Vestas last year to become the world's No. 1 wind turbine maker, said on Friday its order book remained steady in the second quarter, citing record onshore order intake and stabilising prices.

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Asia's hunger for cheap energy will sustain coal

Asia's hunger for cheap energy will sustain coal

Ask Vietnam, Pakistan and even Korea: the era of steam coal is not over yet. Banks don't want to finance it, big miners are dropping it, and China is migrating to cleaner natural gas. But the shift to green fuels is slow, and Asia's demand for electricity is outpacing it. That will keep prices lofty for longer than many had forecast.

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NASA's nuclear reactor could power crewed missions to Mars

NASA's nuclear reactor could power crewed missions to Mars

NASA has successfully demonstrated a new nuclear reactor power system that could enable long-duration crewed missions to the Moon, Mars and destinations beyond.

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France's EDF buys Scottish 450 Mw offshore wind energy project

France's EDF buys Scottish 450 Mw offshore wind energy project

France's EDF has bought a 450 megawatt (MW) wind farm project off the coast of Scotland from Mainstream Renewable Power, the companies said on Thursday.

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New York power grid expects demand to decline through 2028

New York power grid expects demand to decline through 2028

New York's power grid operator on Thursday forecast that demand for power from the system will decline over the next decade due to efficiency programs and as more homes and businesses generate their own electricity on site.

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Oil-rich Nigeria turns to renewable energy as population booms

Oil-rich Nigeria turns to renewable energy as population booms

Faced with a population boom that has sent carbon emissions soaring and stretched power supplies to breaking point, oil-rich Nigeria is turning to renewable energy in a big way.

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Scorned by Musk, analyst calls antics ‘incrementally worrisome’

Scorned by Musk, analyst calls antics ‘incrementally worrisome’

The analyst Elon Musk was harshest with on Tesla Inc.’s earnings call said investors are more anxious about the electric-car maker after the chief executive officer’s antics.

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Sweden's Vattenfall boosts its EV charging market with Volvo Cars deal

Sweden's Vattenfall boosts its EV charging market with Volvo Cars deal

Swedish state-owned utility Vattenfall is partnering with Geely-owned Volvo Cars to help owners recharge their electric vehicles (EV) at home, the firms said on Thursday.

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India’s crude oil production fell for the sixth straight year in 2017-2018

India’s crude oil production fell for the sixth straight year in 2017-2018

India’s crude oil production fell for the sixth straight year in 2017-18 to 35.68 million tonne, pushing the country’s import dependence for crude further to 82.8 per cent and dampening prospects for the centre’s plan to cut reliance on energy imports by 10 per cent through 2022.

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India’s refining capacity rose 5.8 per cent last fiscal on Jamnagar and Kochi expansion

India’s refining capacity rose 5.8 per cent last fiscal on Jamnagar and Kochi expansion

India’s refining capacity rose 5.8 per cent last financial year to 247.6 Million Tonne Per Annum (MMTPA) mainly on the back of capacity expansion at Jamnagar refinery operated by Reliance Industries (RIL) in Gujarat and Kochi refinery operated by Bharat Petroleum (BPCL).

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Petrol, diesel price on 4th May 2018: Check out rates here city-wise

Petrol, diesel price on 4th May 2018: Check out rates here city-wise

Petrol and diesel prices were unchanged for the 11th straight day, applicable from 6:00 a.m. on 4th 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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Global LNG-Prices firm as fundamentals tighten, amid support from oil, coal

Global LNG-Prices firm as fundamentals tighten, amid support from oil, coal

Asian spot prices for liquefied natural gas (LNG) firmed over the past week, supported by strong oil and coal markets and amid a structural tightening of the fuel's fundamentals.

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Nilesh Shah on how to deal with crude sensibles

Nilesh Shah on how to deal with crude sensibles

Uday Kotak is a rather worried man and I am just looking at his tweets. He has put up a table on the possible impact on GDP if oil goes up to $85 per barrel. He is saying macro headwinds are here even as micro is getting better. Would you agree with him?

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Saudi Arabia raises key oil price to Asia to highest since 2014

Saudi Arabia raises key oil price to Asia to highest since 2014

Saudi Arabia set the price of its benchmark crude in Asia at the highest level since August 2014, just a few weeks after the trading unit of China’s biggest refiner asked for fewer barrels because of high prices.

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Norway oil firms, workers agree 2.8 pct wage rise

Norway oil firms, workers agree 2.8 pct wage rise

Norwegian oil firms and their employees early on Friday agreed a wage deal that gives workers on offshore oil and gas rigs a 2.8 percent pay rise for 2018, the companies said.

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Former Volkswagen CEO Martin Winterkorn indicted in US over 'Dieselgate'

Former Volkswagen CEO Martin Winterkorn indicted in US over 'Dieselgate'

Former Volkswagen CEO Martin Winterkorn has been indicted in the United States over his alleged role in the German auto giant's 'dieselgate' scandal, court papers showed today.

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Transparency and ease of doing business: Indian Railways e-reverse auction model to save Rs 20,000 cr annually

Transparency and ease of doing business: Indian Railways e-reverse auction model to save Rs 20,000 cr annually

To ensure substantial savings for Indian Railways, Railway Minister Piyush Goyal has advocated implementation of electronic reverse auction (ERA) for all high value procurements which will result in a 10 percent saving in costs and a total saving of up to Rs. 20,000 crores in procurement.

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Missing several deadlines, Railways' freight corridor project sets new target PTI

Missing several deadlines, Railways' freight corridor project sets new target PTI

Failing several times to meet its deadlines, Indian Railways has yet again set a new target of April 2020 for commissioning of the 3,342-km Dedicated Freight Corridor (DFC) along its trunk routes.

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IRCTC Site And App Back After Remaining Down For 2 Hours

IRCTC Site And App Back After Remaining Down For 2 Hours

The Indian Railway Catering and Tourism Cooperation Limited (IRCTC) website irctc.co.in and mobile phone app were down on the morning of Friday, May 4 for about two hours. It was back and running around 12:45 pm after reportedly being down since 11 am.

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Pay more on Mumbai Metro and travel in style! Here is how

Pay more on Mumbai Metro and travel in style! Here is how

After Chennai Metro, upcoming Mumbai Metro corridors will also have separate first class compartments where commuters will be able to book seats in advance. Apart from this, Metro coaches and stations will also have Wi-Fi connectivity along with USB charging points inside the trains.

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Missing link at Mayur Vihar-1 in Metro’s longest line finally set to be bridged

Missing link at Mayur Vihar-1 in Metro’s longest line finally set to be bridged

Delhi Metro’s longest corridor, Pink Line — which connects all existing corridors — was split into two because of a land issue between Mayur Vihar Pocket 1 and Trilokpuri station. After a long drawn out battle, with residents who were to be relocated raising various objections, the issue has finally been resolved.

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Delhi Metro services affected on violet line

Delhi Metro services affected on violet line

Train services on the Violet Line of the Delhi Metro were affected today due to a glitch between Mandi House and Central Secretariat stations, news agency ANI reported. The 35-km-long Delhi Metro Violet Line (line 6) stretches from ITO to Fariadabad's Escorts Mujesar.

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Indian Railways gets ready for Accrual Accounting

Indian Railways gets ready for Accrual Accounting

The 165-year-old Indian Railways will usher in its most profound accounting reform since Independence as it prepares its financial statements for the current fiscal under the accrual-based accounting system, the process widely followed by the corporate sector.

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24 Summer Special Trains between H.S.Nanded and Hazrat Nizamuddin

24 Summer Special Trains between H.S.Nanded and Hazrat Nizamuddin

In order to clear extra rush of passengers during Summer season, 24 special trains will be run between H.S.Nanded and H. Nizamuddin as detailed below

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Central Railway makes special arrangements at Lokmanya Tilak Terminus for Un-reserved passengers

Central Railway makes special arrangements at Lokmanya Tilak Terminus for Un-reserved passengers

In its endeavour to provide a comfortable journey to its passengers, Central Railway’s Mumbai Division has re-organised the arrival and departure platforms of 14 popular trains originating / terminating at Lokmanya Tilak Terminus.

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SER’s massive initiatives on Passenger Ticketing System

SER’s massive initiatives on Passenger Ticketing System

Though freight and passenger remain SER’s main fronts, its spotlight is also provision of massive amenities for the travelling passengers. As many as 147 Computerised Passenger Reservation Systems (PRS) are spreading over Kolkata, important stations, locations of four divisions i.e. Kharagpur, Adra, Chakradharpur and Ranchi.

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