GOOD EVENING INDIA

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space

Power stocks under pressure; NTPC, Tata Power, BHEL among losers

Power stocks under pressure; NTPC, Tata Power, BHEL among losers

Most power stocks were trading in the negative territory in Monday's trade, keeping the sectoral index down. The BSE Power index was trading 0.87 per cent down at 2,088 around 12:25 pm. Shares of KEC International, Adani Power and JSW Energy cracked up to 4 per cent in the power index.

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Adani plans electric bus foray with SEZ production facility, Taiwan tie-up

Adani plans electric bus foray with SEZ production facility, Taiwan tie-up

Gautam Adani-led Adani Enterprises is set to make a big-ticket entry into electric buses manufacturing, at least three people in know of the development said.

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Adani Group makes investment of Rs 500 crore in lending arm

Adani Group makes investment of Rs 500 crore in lending arm

Adani Group has committed initial capital of Rs 500 crore to its lending arm Adani Capital. The Gujarat-based conglomerate is looking to expand financial services business at a time when burgeoning bad loans have made state-run banks picky in bankrolling projects.

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Coal imports by power plants fall 22 per cent in April: CEA data

Coal imports by power plants fall 22 per cent in April: CEA data

Coal imports by power utilities fell by 22.23% to 3.73 million tonnes in April mainly due to decline in shipments by imported coal based power projects in the country.

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Britain's Drax launches bioenergy carbon capture project

Britain's Drax launches bioenergy carbon capture project

British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday.

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NMDC, NLC to ink pact with Aussie ECT for USD 26 mn R&D project

NMDC, NLC to ink pact with Aussie ECT for USD 26 mn R&D project

NMDC Limited and NLC India Limited (formerly Neyveli Lignite Corporation) may invest over USD 26 million for setting up an R&D facility for developing innovative technologies in iron and steel making.

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Chandigarh residents to get 6 more months to install solar panels

Chandigarh residents to get 6 more months to install solar panels

In a major relief to residents of the city, Chandigarh administration is going to extend six months’ period to install solar panels in the houses of 1 kanal and above. Senior officers of Chandigarh administration, on the request of the residents, discussed the matter last week and finally decided to give this one-time relief to the resident.

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US, China putting trade war on hold, Treasury's Mnuchin says

US, China putting trade war on hold, Treasury's Mnuchin says

The US trade war with China is "on hold" after the world`s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.

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Petrol price hiked by 34p today, rate rises by Rs 2/ltr in 8 days; consumers pay over Rs 79 in Kolkata

Petrol price hiked by 34p today, rate rises by Rs 2/ltr in 8 days; consumers pay over Rs 79 in Kolkata

Each coming day petrol price has been hitting new levels. Cities like Mumbai, Kolkata, New Delhi and Chennai are seeing this product hitting over 5-year highs. With the rise showing no signs of abating, today Oil Minister Dharmendra Pradhan

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The crude story: Why oil is rising and what it means for Indian stocks

The crude story: Why oil is rising and what it means for Indian stocks

Over the last few months, crude oil prices have witnessed an unprecedented increase, touching a 4-year high of around $80 a barrel and proving wrong numerous experts, who until recently believed that it wasn’t possible for them to touch these levels in the near term.

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Considering steps to keep fuel prices in check: Oil Minister

Considering steps to keep fuel prices in check: Oil Minister

India is looking at ways to keep rising fuel prices in check, its oil minister said on Monday, with retail rates for diesel and petrol touching record highs in capital city New Delhi and financial hub Mumbai.

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Indore MC plans to run buses on bio-fuel made from vegetable waste

Indore MC plans to run buses on bio-fuel made from vegetable waste

The industrial hub of Indore, popular for its mouth-watering 'poha' and other snacks, is in a spic and span form after bagging the cleanest city tag in the 'Swachh Bharat Abhiyan' for the second year.

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GST on jet fuel: Airlines can earn Rs 5,220 crore input tax credit

GST on jet fuel: Airlines can earn Rs 5,220 crore input tax credit

Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five times of what they are getting now – if jet fuel is bought under the ambit of goods and services tax (GST).

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Diesel zooms past Rs 70 per litre mark in Kolkata, petrol at record high

Diesel zooms past Rs 70 per litre mark in Kolkata, petrol at record high

Diesel, the fuel that powers public transport and goods vehicles, has breached the Rs-70 mark for the first time in Kolkata. Petrol, too, has reached an all-time high of Rs 78.91 a litre in Kolkata and is inching towards breaching the Rs-80-a-litre mark, but it is the hike in diesel price that has the transport sector more worried.

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Solution to combat surging fuel prices soon: Pradhan

Solution to combat surging fuel prices soon: Pradhan

Union Petroleum Minister Dharmendra Pradhan said the increase in fuel prices was due to reduced production of oil in Organisation of Petroleum Exporting Countries (OPEC) and hike in crude oil price in the international market.

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Average price of US gas jumps 10 cents, to $3 a gallon

Average price of US gas jumps 10 cents, to $3 a gallon

The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price has spiked 41 cents over the past three months.

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PetroChina steps up gas supply to help meet demand

PetroChina steps up gas supply to help meet demand

Top Chinese oil and gas producer PetroChina is stepping up natural gas supplies from both domestic fields and imports to meet customer demand, parent company CNPC said on Monday.

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Australia's Santos gets sweetened $10.8 bln bid from Harbour Energy

Australia's Santos gets sweetened $10.8 bln bid from Harbour Energy

U.S.-based Harbour Energy raised its bid for Australia's Santos Ltd to $10.8 billion on Monday, hiking its offer for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.

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Delhi Metro's full Magenta Line to open on 29 May, will be flagged off by Arvind Kejriwal and Hardeep Singh Puri

Delhi Metro's full Magenta Line to open on 29 May, will be flagged off by Arvind Kejriwal and Hardeep Singh Puri

The portion of Delhi Metro's Magenta Line which will connect Kalkaji Mandir to Janakpuri West will be open for public from 29 May, it was announced on Monday.

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South Central Railway nudged on safety

South Central Railway nudged on safety

The chairman of the Indian railway board, New Delhi, Ashwani Lohani hauled up South Central Railway for the need to improve safety at level-crossing gates.

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Railways Takes A U-Turn On Vegetarian Diktat For Gandhi Jayanti

Railways Takes A U-Turn On Vegetarian Diktat For Gandhi Jayanti

A day after waxing eloquent on plans to observe Gandhi Jayanti as 'Vegetarian Day,' The Railways has taken a U-turn on the diktat.

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AP Superfast Express catches fire in Gwalior

AP Superfast Express catches fire in Gwalior

Two coaches of Visakhapatnam-H Nizamuddin 22416 AC SF Express train caught fire near Birla Nagar railway station in Gwalior district of Madhya Pradesh on Monday afternoon.

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Indian Railways shifts terminals of 18 trains

Indian Railways shifts terminals of 18 trains

Indian Railways has changed the terminals of 18 trains (Up-Down) running from Delhi Sarai Rohilla, Hazrat Nizamuddin, New Delhi, Delhi and Anand Vihar Terminal.

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Cancelled train ticket? Now check refund status in real time

Cancelled train ticket? Now check refund status in real time

Trains in India carry about 2.3 crore passengers every day and nearly 15 lakh people book their reserved tickets through IRCTC (Indian Railway Catering and Tourism Corporation) website. Many a time, you have to change your travel plan for various reasons

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