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August 17, 2018, Friday

Your Evening News Updates From Across The Media Space

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Modi joins Putin, Jinping in Forbes top 10 most powerful people list

Modi joins Putin, Jinping in Forbes top 10 most powerful people list

Prime Minister Narendra Modi has been ranked among the top 10 most powerful people in the world by Forbes in a list that has been topped for the first time ever by Chinese President Xi Jinping, who dethroned Russian President Vladimir Putin as the most influential person on the planet.

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PM Modi's Visit To Nepal To Focus On Building Trust, Implementation Of Key Projects

PM Modi's Visit To Nepal To Focus On Building Trust, Implementation Of Key Projects

Speedy implementation of key India-assisted projects and building trust will be among the focus areas when Prime Minister Narendra Modi travels to Nepal on Friday, a visit reflective of attempts to bring back normalcy in Indo-Nepal ties after a spell of uneasiness.

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Prime Minister Modi to inaugurate Kishanganga hydro project this month

Prime Minister Modi to inaugurate Kishanganga hydro project this month

Prime Minister Narendra Modi is likely to visit Jammu and Kashmir for two days later this month during which he will inaugurate a hydro-electricity project and participate in the 100th birth anniversary celebrations of Ladakhi spiritual leader Kushak Bakula and a university convocation, officials said here.

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Storm prediction: Power grid collapse risk looms for India

Storm prediction: Power grid collapse risk looms for India

India faces the risk of grid collapse because of forecasts of simultaneous storms across the country in the week ahead, prompting officials operating the electricity network to issue a ‘high alert’ to regional centres and cautioning them that severe weather can uproot towers and trip the lines.

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Power plant blast in Haryana: Two labourers killed

Power plant blast in Haryana: Two labourers killed

Two labourers were killed and four were severely injured in a blast at Rajiv Gandhi Thermal Power Plant (RGTPP) at Khedar, about 30 km from here, police said today.

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ABB India Q1 profit rises 14 pc to Rs 102 cr

ABB India Q1 profit rises 14 pc to Rs 102 cr

ABB India today posted 13.9 per cent rise in profit to Rs 102.49 crore for the first quarter ended March of 2017-18. The company had posted a profit of Rs 89.98 crore in the year-ago period.

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Himachal Pradesh approves amendments in hydro-policy to promote investment

Himachal Pradesh approves amendments in hydro-policy to promote investment

The Himachal Pradesh government has approved amendments in the hydro power policy with a view to reviving 737 stalled projects of 5,500 MW capacity and attracting investors for new projects.

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AES Gener to restructure Chile hydro power project for over $3 billion

AES Gener to restructure Chile hydro power project for over $3 billion

AES Gener in Chile on Tuesday announced a more than $3 billion plan to restructure its Alto Maipo hydroelectric project as it seeks to revive the venture following a series of setbacks last year.

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Delhi govt to rope in private players to run E-buses

Delhi govt to rope in private players to run E-buses

To carry out its ambitious plan of creating a fleet of 1,000 electric buses, Delhi government is trying to rope in private players who would procure and operate these buses in lieu of the operating cost paid by the government.

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Satellite port in Maharashtra as MPT looks for new revenue streams

Satellite port in Maharashtra as MPT looks for new revenue streams

After scrapping its plans to build a satellite port at Betul, Mormugao Port Trust (MPT) has now turned to Vijaydurg in Maharashtra, where it plans to construct a greenfield port to cater to container, crude oil, fertilizer, and limestone cargo.

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Eying opportunities beyond steel also: L N Mittal

Eying opportunities beyond steel also: L N Mittal

Looking beyond steel, ArcelorMittal is evaluating opportunities that complement its existing business and asset base, Chairman Lakshmi N Mittal has said.

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Banks Come Up With Plan-B to Rescue Stressed Power Projects

Banks Come Up With Plan-B to Rescue Stressed Power Projects

Plan A was to get government power and power finance firms, like NTPC Ltd., Power Finance Corporation Ltd. and Rural Electrification Corp., to rescue stressed power projects.

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India in top 6 to create most green energy jobs

India in top 6 to create most green energy jobs

With the countries across the globe gradually switching to clean energy in sync with their commitments undhttps://economictimes.indiatimes.com/industry/energy/power/india-in-top-6-to-create-most-green-energy-jobs/articleshow/64090640.cmser the Paris Agreement on climate change, jobs in the renewable energy sector globally crossed the 10 million mark in 2017. All the countries together had created over halfa-million new jobs in the sector last year—a 5.3% increase from 2016.

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Electric vehicles market in India set to see several new entrants

Electric vehicles market in India set to see several new entrants

The electric vehicles (EV) market in India is set to see the entry of a flurry of new players of foreign origin and home-grown start-ups in the two- and three-wheeler segments, even as the established Indian automobile firms such as Hero MotoCorp,

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Hitachi's U.K. nuclear project to get guarantees from government

Hitachi's U.K. nuclear project to get guarantees from government

Hitachi Ltd's Horizon Nuclear Power unit has received an assurance from the British government that it will guarantee loans for the construction of two reactors in Wales, the Mainichi newspaper reported on Wednesday.

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Germany says agreed with Brussels on power plant levies

Germany says agreed with Brussels on power plant levies

Germany has reached agreement with the European Commission in a dispute over levies for power plants operated by companies, including BASF, which provide electricity for their own use, Economy Minister Peter Altmaier said on Tuesday.

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India's oil import from Iran will not be immediately impacted by US sanctions

India's oil import from Iran will not be immediately impacted by US sanctions

The US decision to reinstate financial sanctions on Iran will not impact India's oil imports from the Islamic Republic as long as European countries don't follow suit, officials said today.

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OMCs BPCL, HPCL, IOC sink after US nixes Iran deal

OMCs BPCL, HPCL, IOC sink after US nixes Iran deal

Oil marketing companies (OMCs) tanked up to 5 per cent on Wednesday, roiled by surging oil prices after US decision to pull out of Iran nuclear deal.

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Crude oil futures climb 2.90 pc on global cues

Crude oil futures climb 2.90 pc on global cues

Crude oil prices spurted 2.90 per cent to Rs 4,757 per barrel in futures market today as speculators created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, crude oil for delivery in May month surged by Rs 134, or 2.90 per cent to Rs 4,757 per barrel in business turnover of 5,039 lots.

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How the biggest oil buyers like India tackled US sanctions on Iran before

How the biggest oil buyers like India tackled US sanctions on Iran before

For the world’s biggest oil buyers, the imposition of US sanctions on Iran will be a case of deja vu. Earlier in the decade -- before the crude market was roiled by a global glut, before prices were rocked by the biggest crash in a generation, and before American oil began getting shipped all over the world -- refiners in Asia had to contend with international financial measures aimed at curbing the Islamic Republic’s nuclear program.

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LPG price goes down in May by Rs 100, claims government

LPG price goes down in May by Rs 100, claims government

The Ministry of Petroleum and Natural Gas has stated that there has been a fall of around Rs 100 in the retail selling price of LPG (Liquefied Petroleum Gas) (non-subsidized price) at Delhi in the recent months.

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Petrol, diesel price on 9th May 2018: Check out rates here city-wise

Petrol, diesel price on 9th May 2018: Check out rates here city-wise

Petrol and diesel prices were unchanged for the 16th straight day, applicable rom 6:00 a.m. on 9th 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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5 ways India could be affected by U.S. decision to pull out of Iran nuclear deal

5 ways India could be affected by U.S. decision to pull out of Iran nuclear deal

Despite U.S. President Donald Trump’s decision to pull out of the Joint Comprehensive Plan of Action (JCPOA), the deal itself won’t be scrapped as long as Iran and the other signatories: U.K., France, Russia, China, Germany and the European Union remain committed to it.

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PNGRB appoints CRISIL for framing gas trading hub regulations

PNGRB appoints CRISIL for framing gas trading hub regulations

Petroleum and Natural Gas Regulatory Board (PNGRB), India's downstream oil and gas regulator, has appointed ratings agency CRISIL as consultant to prepare regulations for the planned Natural Gas Trading Exchange.

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Arbitration hearings begin in Cairn India's challenge to Rs 20,500 cr tax demand

Arbitration hearings begin in Cairn India's challenge to Rs 20,500 cr tax demand

Hearings have begun on the arbitration challenge mounted by mining billionaire Anil Agarwal-led Cairn India against a Rs 20,500 crore retrospective tax demand and a final order is expected in next few months, sources privy to the development said.

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Iran Sanctions Can Be Bad News For ONGC, Essar Oil, FGE’s Fesharaki Says

Iran Sanctions Can Be Bad News For ONGC, Essar Oil, FGE’s Fesharaki Says

Indian oil companies importing from Iran, especially Oil and Natural Gas Corporation Ltd. and Essar Oil Ltd., could be hit by the U.S.’ decision to impose financial sanctions on Iran, said Fereidun Fesharaki, chairman of global oil and gas consultancy FGE.

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Petrol, diesel prices remain frozen for 17 straight days, Iran sanctions may intensify worries

Petrol, diesel prices remain frozen for 17 straight days, Iran sanctions may intensify worries

Petrol and Diesel prices across the country, which have remained frozen for the past 16 straight days, remained unchanged on Wednesday too. The country’s largest fuel retailer Indian Oil Corp (IOC) had on Tuesday said the rise in global fuel prices is not supported by market fundamentals and, hence, passing on the increase to consumers will only lead to panic.

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Protest intensifies in Tamil Nadu against ONGC after fresh oil leak

Protest intensifies in Tamil Nadu against ONGC after fresh oil leak

With the sit-in protest by the Kadiramangalam residents entering its 350, another oil leak from a pipeline burst ruined a paddy field at the affected village in Thanjavur district in Tamil Nadu, aggravating the already tense situation in the village.

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Mitsui expects investment decision on Mozambique LNG project in 2018-19

Mitsui expects investment decision on Mozambique LNG project in 2018-19

Japanese trading house Mitsui & Co Ltd expects a final investment decision (FID) on a U.S. Anadarko-led offshore liquefied natural gas project in Mozambique in the year to March 31, 2019, its chief executive said on Wednesday.

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Trump to allow year-round sales of high-ethanol gas

Trump to allow year-round sales of high-ethanol gas

President Donald Trump will allow year-round sales of renewable fuel with blends of 15 percent ethanol as part of an emerging deal to make changes to the federal ethanol mandate.

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Bullet train stations being developed to boost regional economy in India

Bullet train stations being developed to boost regional economy in India

Japan International Cooperation Agency (JICA) is the main funding agency in Bullet Train project of India. It would be engaging experts to boost the regional economy of the areas where stations would fall en-route between Mumbai and Ahmadabad. This would be done keeping in view the futuristic developmental projects of the country.

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Macquarie bags NHAI highway projects

Macquarie bags NHAI highway projects

Australia-based capital fund manager Macquarie and joint venture partner Ashoka Buildcon secured nine operational highway projects from the National Highways Authority of India (NHAI) on a toll-operate-transfer (TOT) basis.

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HAM, TOT, FASTags initiatives by govt shift focus back to road projects

HAM, TOT, FASTags initiatives by govt shift focus back to road projects

Hybrid-annuity model (HAM) projects and monetisation of roads - initiatives by the Union government in the last few years - have brought the spotlight back on road projects that had seen banks wither away due to regulatory and other issues in the past.

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Here is how IRCTC will ensure your food is safeguarded from rats, cockroaches and more

Here is how IRCTC will ensure your food is safeguarded from rats, cockroaches and more

The Indian Railway Catering and Tourism Corporation (IRCTC) has developed an artificial intelligence module to monitor its kitchens after the Comptroller and Auditor General of India (CAG) had pulled it up over flies, insects, rats and cockroaches found in trains and even food.

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Train service resume after three days in Kashmir

Train service resume after three days in Kashmir

Train service in Kashmir resumed on Wednesday morning after remaining suspended for three days for security reasons in the valley, where separatists had called a strike against the civilian and militant killing in Shopian on Sunday.

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Central Railway to complete pre-rain preparatory works by May end

Central Railway to complete pre-rain preparatory works by May end

The Central Railway’s (CR) Pune division will complete its monsoon preparatory works by the end of May to ensure uninterrupted services even in case of heavy rain.

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