GOOD EVENING INDIA

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space

Tata Power consolidated power generation increases to 53,556 MUs in FY18

Tata Power consolidated power generation increases to 53,556 MUs in FY18

Tata Power, India's largest integrated power company, produced 53,556 million units of electricity in the financial year 2017-18 from all its units, ranging from thermal, hydel, wind and solar. It marks a rise of 1.36% in total electricity generated in the FY'18 as compared to 52,512 million units power generated in the previous fiscal.

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Germany's green power transition holds lessons for India

Germany's green power transition holds lessons for India

People in Germany's small towns and rural areas are turning to renewable energy in a process that has special lessons for countries like India.

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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

Economic Times reported that short term power prices on the exchange rose to INR 4.02 per unit in March 2018 from INR 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

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Adani losses prompt mining company to shift away from imported coal

Adani losses prompt mining company to shift away from imported coal

Adani’s coal-fired power business has reported more heavy losses, prompting the Indian conglomerate to announce it would shift away from using expensive imported coal.

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Himachal Pradesh electricity regulator announces hike in power tariffs

Himachal Pradesh electricity regulator announces hike in power tariffs

The Himachal Pradesh State Electricity Regulatory Commission has announced revised tariffs for domestic and commercial consumers. Though there has been an increase in the energy charge rates for domestic category of consumers, but the same has been kept same as last year after accounting for the subsidy provision made in the budget.

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Electric buses set to hit Kolkata streets next month

Electric buses set to hit Kolkata streets next month

To curb both air and noise pollution levels, 80 electric buses will start plying in the city next month. These noiseless, zero-pollution vehicles will hit the streets in phases. If they run successfully, the state transport department will gradually add more such buses to the fleet under West Bengal Transport Corporation (WBTC).

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India, China likely to jointly undertake projects in Afghanistan

India, China likely to jointly undertake projects in Afghanistan

India and China are likely to identify projects in areas of health, education and food security that the two countries can jointly undertake in Afghanistan, following discussions between Prime Minister Narendra Modi and President Xi Jinping at the recent Wuhan Summit.

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CONSOL Coal Resources announces results for Q1of 2018

CONSOL Coal Resources announces results for Q1of 2018

CONSOL Coal Resources LP announced that financial and operating results for the quarter ended March 31, 2018.

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Spain's Bilbao fights to lead European wind power sector

Spain's Bilbao fights to lead European wind power sector

With a brand-new factory and a cluster of specialised firms, the Basque city of Bilbao is the focus of Spain's wind power industry which is fighting to hold its own in the face of fierce competition from China and northern Europe.

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ONGC clocks 6.3% rise in gas production

ONGC clocks 6.3% rise in gas production

State-owned ONGCNSE 2.02 % registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022, a top company official said.

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Petrol, diesel price on 7th May 2018: Check out rates here city-wise

Petrol, diesel price on 7th May 2018: Check out rates here city-wise

Petrol and diesel prices were unchanged for the 14th straight day, applicable from 6:00 a.m. on 7th 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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Centre withholding benefits of low oil prices: Manmohan

Centre withholding benefits of low oil prices: Manmohan

Former Prime Minister Manmohan Singh on Monday accused the central government of punishing common man by not passing on the benefits of low petroleum prices internationally to the people here.

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Oil prices reach highest since Nov 2014 on Venezuela, Iran worries

Oil prices reach highest since Nov 2014 on Venezuela, Iran worries

Key crude oil prices rose by 1 percent to their highest levels since late-2014 on Monday, pushed up by a deepening economic crisis in Venezuela and a looming decision on whether the United States will re-impose sanctions against Iran.

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Oil's Surge to $70 Turns Rupee Into Worst-Carry Trade in Asia

Oil's Surge to $70 Turns Rupee Into Worst-Carry Trade in Asia

Oil’s advance to the highest since 2014 is squeezing the carry-trade returns on the Indian rupee to a point where they are the worst in Asia.

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Qatar Petroleum says will list 49 pct of its shares in aluminium plant

Qatar Petroleum says will list 49 pct of its shares in aluminium plant

State energy giant Qatar Petroleum said on Sunday that it will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.

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US oil rises above $70 for first time since November, 2014 on Venezuela, Iran worries

US oil rises above $70 for first time since November, 2014 on Venezuela, Iran worries

US oil prices rose above $70 a barrel on Monday for the first time since November 2014, as a deepening economic crisis in Venezuela threatened the country’s already tumbling oil supplies.

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US stocks set for an upbeat open as oil, earnings, Fed speeches take center stage

US stocks set for an upbeat open as oil, earnings, Fed speeches take center stage

The moves in pre-market trade come as markets around the world showed a mixed to positive picture on the first trading day of the week. On Monday, stocks in Asia finished relatively mixed as investors shook off a tepid U.S. jobs report from Friday and focused on the rise in oil prices.

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Indian Railways To Use AI Tech To Ensure Hygiene and Quality of Train Food!

Indian Railways To Use AI Tech To Ensure Hygiene and Quality of Train Food!

The Indian Railways has always endeavoured to provide a smooth and comfortable travel experience to its passengers. In a move to increase the safety of train operations and reduce the chances of the signal failing, the Indian Railways had tried to implement Artificial Intelligence (AI) in November 2017. You can read more about that here.

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R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

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251 new buses to hit Delhi roads by September

251 new buses to hit Delhi roads by September

The process of inducting 2,000 buses into Delhi’s public transport fleet has started gathering pace with the first lot of buses all set to hit the capital roads by September this year.

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Mumbai civic body to re-audit India’s first flyover at Kemps Corner, following public outrage

Mumbai civic body to re-audit India’s first flyover at Kemps Corner, following public outrage

Independent India’s first flyover bridge, the one in Kemps Corner at Pedder Road, will soon undergo a structural audit at the hands of the Brihanmumbai Municipal Corporation (BMC), after a popular social media site was flooded with photos of a large fissure on the flyover on Sunday morning.

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TN off track with Centre on JV to speed up rail projects

TN off track with Centre on JV to speed up rail projects

Tamil Nadu is yet to agree to the terms and conditions proposed by the Ministry of Railways to set up a joint venture company to speed up railway projects in the state. The ministry has been urging the government to sign the agreement for close to a year.

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HAL agrees to part with land for BMRCL’s Phase-II

HAL agrees to part with land for BMRCL’s Phase-II

The process of land acquisition for Bangalore Metro Rail Corporation Limited’s (BMRCL’s)Phase-II has seen two major breakthroughs. Hindustan Aeronautics Limited (HAL) has on Wednesday (May 2) agreed to part with three acres of its land that is required to connect the Outer Ring Road Line to the Baiyappanahalli depot

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Madras High Court Allows Southern Railway To Evict Land Squatters

Madras High Court Allows Southern Railway To Evict Land Squatters

The Southern Railways has received permission from the Madras High Court to go ahead with the removal of encroachments on the 3.9-acre government land allotted by the state government for Chennai’s Mass Rapid Transit System (MRTS) project over 15 years ago.

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Padma Bridge Rail Link in Bangladesh promises Kolkata in four hours from Dhaka

Padma Bridge Rail Link in Bangladesh promises Kolkata in four hours from Dhaka

The government is going to start the construction work of the Padma rail link project in a month and 23 kilometres of the 215 km railway tracks — from Dhaka to Jessore — would be elevated.

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Helped by Strong Volumes, CONCOR posted strong growth in Operating Profits

Helped by Strong Volumes, CONCOR posted strong growth in Operating Profits

Container Corporation of India Ltd (CONCOR) has delivered a healthy performance for the March quarter. Reported numbers show flat revenues and a notable fall in profits. But the figures include the benefits of a government scheme, the revenues from which are lumpy.

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China, Nepal invite India to join trans-Himalayan Railway project under OBOR

China, Nepal invite India to join trans-Himalayan Railway project under OBOR

China and Nepal today said they would take forward plans to build a trans-Himalayan railway and economic corridor. This was decided at a meeting between the foreign ministers of the two countries. They also invited India to join the project.

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YESTERDAY'S HEADLINES

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