GOOD EVENING INDIA

October 15, 2018, Monday

Your Evening News Updates From Across The Media Space

Power Finance Corp plans to cut NPAs by Rs 1,500 crore in current fiscal

Power Finance Corp plans to cut NPAs by Rs 1,500 crore in current fiscal

State-owned Power Finance Corporation (PFC) is planning to cut non-performing assets by 10 per cent or around Rs 1,500 crore this fiscal, as per an MoU inked with the power ministry.

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India's green sectors to employ 300,000 workers by 2022: ILO

India's green sectors to employ 300,000 workers by 2022: ILO

The International Labour Organisation (ILO) has estimated that 300,000 workers will be employed directly in the solar and wind energy sectors by 2022 to meet India's goal of generating 175 gigawatts of electricity from renewable sources.

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NCLT approves Tata Steel bid for Bhushan Steel

NCLT approves Tata Steel bid for Bhushan Steel

The National Company Law Tribunal (NCLT) today approved Tata Steel's bid for debt-ridden Bhushan Steel.
The tribunal also dismissed a plea filed by the employees of Bhushan Steel opposing Tata Steel's bid and imposed a fine of Rs 1 lakh.

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Chandy gets partial relief in solar scam case

Chandy gets partial relief in solar scam case

Former Kerala Chief Minister Oommen Chandy on Tuesday got partial relief in the solar scam scam case as the High Court said allegations of sexual exploitation against him need not be taken into account.

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Tesla sets up wholly-owned subsidiary in Shanghai

Tesla sets up wholly-owned subsidiary in Shanghai

In its latest effort to penetrate into the Chinese market, US electric vehicle maker Tesla has set up a wholly-owned subsidiary in Shanghai.

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India's latest power debacle is Enron times 20

India's latest power debacle is Enron times 20

Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country’s lenders for almost two decades.

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Solar power could save water in thirsty Middle East, North Africa, analysis says

Solar power could save water in thirsty Middle East, North Africa, analysis says

Thirsty Middle Eastern and North African countries could tap into their solar-energy potential to cope with fresh water scarcity, according to resource experts.

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S.Korea takes dispute on U.S. tariffs on washing machines, solar panels to WTO

S.Korea takes dispute on U.S. tariffs on washing machines, solar panels to WTO

South Korea said on Monday that it has taken a dispute to the World Trade Organization (WTO) against the United States for imposing tariffs on washing machines and solar panels as the measure was deemed to be in violation of the WTO agreement.

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Race is on to set up Europe's electric car charging network

Race is on to set up Europe's electric car charging network

Charging an electric car away from home can be an exercise in uncertainty - hunting for that one lonely station at the back of a rest-area parking lot and hoping it's working.

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Power, motor fuel hike to pinch consumers hard

Power, motor fuel hike to pinch consumers hard

It was a blacker than usual black Monday for citizens of the state as they were handed a financial double whammy — an increase in prices of petrol and diesel and a hike in electricity bills.

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New phase of globalisation could worsen CO2 pollution: study

New phase of globalisation could worsen CO2 pollution: study

The shift of low-value, energy-hungry manufacturing from China and India to coal-powered economies with even lower wages could be bad news for the fight against climate change, researchers cautioned Monday.

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Oil near Nov 2014 highs as markets tighten amid OPEC cuts, Iran sanctions

Oil near Nov 2014 highs as markets tighten amid OPEC cuts, Iran sanctions

Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U.S. sanctions against Iran tightened the market amid strong demand.

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Indian Oil hikes petrol, diesel prices for second straight day

Indian Oil hikes petrol, diesel prices for second straight day

State-run oil and marketing company Indian Oil continued the hike in prices of petrol and diesel for a second straight day. The oil company raised the price of petrol by 15 paise a litre and diesel by 23 paise a litre.

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Global oil supplies robust enough to cut Iran's exports -Trump memo

Global oil supplies robust enough to cut Iran's exports -Trump memo

Global oil supplies are plentiful enough to withstand a "significant reduction" in petroleum exports from Iran, according to a White House memo issued on Monday as the Trump administration prepares to reimpose sanctions on the OPEC member nation.

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Outdated software hits registration of CNG vehicles

Outdated software hits registration of CNG vehicles

The motor vehicles department (MVD)is yet to start registration of CNG vehicles as they have not upgraded the software used for the specifying the kind of vehicles to be incorporated in certificate of registration (RC) book.

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Australian LNG could fuel Japan's hydrogen push -Woodside CEO

Australian LNG could fuel Japan's hydrogen push -Woodside CEO

Australian gas could find a big new outlet in its traditional top export market, Japan, as the country pushes to switch to clean hydrogen fuel, the chief executive of Woodside Petroleum said on Tuesday.

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Arctic oil 'undrillable' amid global warming: U.N.'s ex-climate chief

Arctic oil 'undrillable' amid global warming: U.N.'s ex-climate chief

An architect of the Paris climate agreement urged governments on Tuesday to halt oil exploration in the Arctic, saying drilling was not economical and warming threatened the environmentally fragile region.

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Statoil to become Equinor, dropping oil to attract young talent

Statoil to become Equinor, dropping oil to attract young talent

Shareholders in Norway's largest company, Statoil, will approve today the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.

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The 130-year-old bankruptcy that created a $5-bn oil giant

The 130-year-old bankruptcy that created a $5-bn oil giant

The hottest oil stock from the US shale boom has never pumped a single barrel of crude. Texas Pacific Land Trust, a listed land bank created out of a railroad bankruptcy more than a century ago, has climbed more than 2,200% since 2010

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Nigeria's NNPC issues crude oil contracts expected to last two years

Nigeria's NNPC issues crude oil contracts expected to last two years

Nigeria's state oil firm NNPC has issued crude export contracts that are expected to last two years instead of the usual one year, trading sources familiar with the matter said on Monday.

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IRCTC advises operation of PoS Machines in all Trains with immediate effect

IRCTC advises operation of PoS Machines in all Trains with immediate effect

To prevent overcharging on trains for meals, the Indian Railway Catering and Tourism Corporation (IRCTC) on Monday advised all the Railway zones to ensure the availability of minimum 10 PoS

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Railway Network in Mumbai grapple with Land encroachments during Monsoon

Railway Network in Mumbai grapple with Land encroachments during Monsoon

The Western Railway (WR) have a mammoth task ahead of them before the monsoon arrives as they will have to clear the illegal slums, structures and the huge garbage thrown in lands belonging to the rail.

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Indo-Pacific infrastructure forum launched to tap private sector in India, US, Japan

Indo-Pacific infrastructure forum launched to tap private sector in India, US, Japan

An Indo-Pacific trilateral infrastructure forum has been launched here to find new, creative and efficient ways of leveraging the power of the private sector in India, the US and Japan to fill the massive gap in infrastructure and connectivity in the region.

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New Delhi-Howrah Rajdhani to have stoppage at Asansol

New Delhi-Howrah Rajdhani to have stoppage at Asansol

The New Delhi-Howrah Rajdhani Express will now halt at Asansol station, around 200 km from Kolkata, after Union Minister Babul Supriyo had requested the then Railway minister Suresh Prabhu to introduce a stoppage at his constituency.

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IRCTC Offer: SBI Card Offers “Free” Train Tickets

IRCTC Offer: SBI Card Offers “Free” Train Tickets

Indian Railway Catering and Tourism Corporation offers free train tickets via a card of the largest lender of the country, State Bank of India (SBI).

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A ride on Branson's 1st India Hyperloop may cost less than Rs 10,000

A ride on Branson's 1st India Hyperloop may cost less than Rs 10,000

If Richard Branson has his way in India, hyperloop travel could turn out to be cheaper than a flight ticket. Virgin Hyperloop One, the futuristic transportation company backed by the British tycoon, wants to build a network of high-speed pods that can carry people and cargo across India.

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GM/Eastern Railway holds performance review meet

GM/Eastern Railway holds performance review meet

Harindra Rao, General Manager, Eastern Railway in a recently held performance review meeting advised all the principal heads of the departments and divisional railway managers to review their performance, especially in safety, punctuality, freight loading and cleanliness with respect to other Railways.

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Namma Metro gets a tariff cut, but no move to lower fares

Namma Metro gets a tariff cut, but no move to lower fares

In a bonusfor the Bangalore Metro Rail Corporation Limited (BMRCL), the Karnataka Electricity Regulation Commission (KERC) has reduced tariff by Re 1 per unit, but this is unlikely to be passed on to Namma Metro commuters.

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Chabahar port project likely to stay unaffected

Chabahar port project likely to stay unaffected

US President Donald Trump’s decision to re-impose economic sanctions on Iran will not, for the time being, affect India’s plans to develop the strategic port of Chabahar in that country, people close to the development indicated to ET.

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