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Recent News

Investments in electricity exceeds 'oil and gas' for straight second year: International Energy Agency

The Economic Times 18-07-2018

The electricity sector attracted the largest share of energy investments in 2017, surpassing the oil and gas industry for the second year in row, International Energy Agency (IEA) said today.

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Mytrah Energy bags 100-Mw wind power project in Maharashtra

The Economic Times 18-07-2018

Independent power producer Mytrah Energy (India) (MEIPL) on Tuesday announced it has bagged a contract for setting up a 100-Megawatt (Mw) wind power project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) through competitive bidding.

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India?s renewable energy investments topple fossil-fuel for the first time in 2017: IEA

The Economic Times 18-07-2018

Investment in India?s renewable energy sector overtook those made in the country?s fossil-fuel based power generation projects for the first time in 2017

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Proposed 25% safeguard duty on solar cells to jack-up power tariff by 30-35 paise per unit

The Economic Times 18-07-2018

The recent proposal by the Directorate General of Trade Remedies (DGTR) under the commerce ministry to impose 25 per cent safeguard duty on solar cells, if implemented, is likely to jack up retail tariffs by about 30-35 paise per unit, according to research and ratings agency ICRA.

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Maharashtra discom?s dues to wind energy firms rise to Rs 2,000 crore

The Financial Express 18-07-2018

Maharashtra State Electricity Distribution Company?s (MSEDCL?s) dues to wind energy firms have risen to Rs 2,000 crore on account of poor recovery from customers even as its distribution losses got reduced to 13% in FY18, from 17% a year ago.

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NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids

Business Standard 18-07-2018

The NCLAT today stayed the meeting of Committee of Creditors (CoC) of Bhushan Power and Steel Ltd to vote on finalisation of bids of the debt-ridden firm.

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?Proposed solar safeguard duty is double-edged sword?

The Hindu Businessline 18-07-2018

The proposed 25 per cent safeguard duty on solar cells and modules from China and Malaysia has come as a relief for domestic manufacturers struggling to cope with a deluge of cheap imports.

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India pursuing offers to build ports in B?desh, Sri Lanka

Financial Chronicle 18-07-2018

To counter China?s ?string of pearls? policy to encircle India and dominate the sea lanes in the Indian Ocean, New Delhi is quietly working on its own plan to expand its areas of influence in the region by lapping up offers to develop ports in Bangladesh and Sri Lanka.

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Revamp of coal auction rules: Business-friendly reforms on cards

The Economic Times 16-07-2018

The coal sector is poised for a round of business-friendly reforms after being opened up for private commercial mining.

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Railway board goes back on decentralisation

The Economic Times 16-07-2018

The Railway Board has reversed its order delegating power to divisional railway managers (DRMs), rolling back a key reform that had been implemented last year.

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Indian Railways to use artificial intelligence to manage track maintenance blocks

The Economic Times 16-07-2018

Artificial intelligence (AI) that can diagnose the condition of rail tracks will be used by the railways to prepare a repair and replacement calendar and improve punctuality of trains, according to an official.

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Govt permits import of new vehicles from Vizag port

The Economic Times 16-07-2018

The government has added Vishakhapatnam port to the list of ports and inland container depots (ICDs) for importing new vehicles.

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Rs 1 crore ISRO's lithium ion cell technology gets overwhelming initial response

The Economic Times 16-07-2018

Over 130 companies have shown interest in the Indian space agency's lithium ion cell technology and the pre-application conference will be held on Tuesday, said a senior official.

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Petrol and diesel prices set to break all-time high levels

Financial Chronicle 16-07-2018

Consumers may have to burn a larger hole in their pockets to keep their vehicles running as retail prices of petrol and diesel are set to hit all-time high levels all over again soon.

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CCI dismisses complaint against IOCL, BPCL, HPCL

Business Standard 09-07-2018

The Competition Commission has dismissed a complaint alleging unfair business practices against oil marketing companies -- IOCL, BPCL and HPCL -- with regard to terms and conditions in the tenders for transportation of liquefied petroleum gas through tank trucks.

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