Mumbai, April 27 (IANS) Shares of InterGlobe Aviation Limited, the parent of IndiGo, opened flat with negative bias on Monday, as global brokerage UBS downgraded the stock and trimmed its price target, citing rising macroeconomic headwinds and sustained pressure on airline profitability. However, it recovered from early losses and were trading at Rs 4,560.50, down by Rs 37.40 or 0.83 per cent during noon trade.UBS lowered its rating on the stock to “neutral” from “buy” and cut its price …
Latest Aviation Turbine Fuel News & Updates
New Delhi, April 23 (IANS) The government has issued a notification to permit the use of Aviation Turbine Fuel blended with Sustainable Aviation Fuel (SAF) for fuelling aircraft with the aim of reducing emissions from international flights, the Ministry of Petroleum and Natural Gas announced on Thursday. “The Government has notified an amendment to the Aviation Turbine Fuel (ATF) (Regulation of Marketing) Order, 2001 (ATF Control Order) vide notification dated April 17, 2026. The amendment has b…
New Delhi, April 7 (IANS) The government has granted special permission to foreign carriers such as Emirates, Kuwait Airways, and Jazeera Airways to operate passenger aircraft for all-cargo services to ensure seamless continuity of critical cargo movement despite the ongoing disruptions due to the Iran war, according to a statement issued by the Ministry of Civil Aviation on Tuesday.The Indian aviation sector is currently navigating a serious operational and financial situation triggered by the …
New Delhi, April 2 (IANS) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday.The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here.The meeting deliberated upon the recent dev…
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
New Delhi, April 1 (IANS) Civil Aviation Minister Ram Mohan Naidu on Wednesday said our airports are India’s identity card to the world, with global standards of innovation and architecture deeply rooted in local heritage, signifying ‘Vikas Bhi Virasat Bhi’.Speaking at the 31st Annual Day of the Airports Authority of India (AAI) here, he said AAI stands as the backbone of Prime Minister Narendra Modi’s UDAN vision by making air travel accessible across the vast and varied terrains of the…
New Delhi, April 1 (IANS) Congress National President Mallikarjun Kharge on Wednesday launched a sharp attack on the Centre over the “rising prices of essential commodities”, including LPG, air travel, and medicines, accusing the government of economic mismanagement.In a post on X, Kharge said, “The Modi government has completely dismantled the country’s strategic and economic policies — a direct consequence of which is now being borne by 1.4 billion Indians.”Referring to recent price revisions…
New Delhi, March 30 (IANS) India has enough aviation turbine fuel (ATF) for the next 60 days and there is no immediate risk of disruption, Civil Aviation Minister Kinjarapu Rammohan Naidu told the Rajya Sabha on Monday amid concerns over the ongoing West Asia conflict.Responding to questions in the Rajya Sabha, Naidu assured that the country’s aviation fuel supply remains stable despite the oil crisis triggered by the West Asia war.“India currently has adequate ATF reserves and does not fore…
New Delhi, March 27 (IANS) More than 350 show-cause notices have been issued to LPG distributorships as part of enforcement action to maintain seamless supply of gas, the government said on Friday, adding that enforcement drives are ongoing across states/UTs, with more than 3,000 raids conducted and over 1,500 LPG cylinders seized.PSU oil marketing companies (OMCs) conducted more than 1,500 surprise inspections at retail outlets and LPG distributorships across the country, according to an offici…
Bhubaneswar, March 27 (IANS) Odisha Chief Minister Mohan Charan Majhi on Friday thanked Prime Minister Narendra Modi for the reduction of Rs 10 per litre in central excise duty on both petrol and diesel, to ensure adequate availability of fuel and essential commodities.Describing it as a significant move, CM Majhi wrote on his X handle that India always acts with prudence and preparedness under the visionary leadership of Prime Minister Modi amid an evolving global landscape.“I express my sinc…