Govt okays privatisation of Kolkata, Chennai airports

India Plans Three More Oil Reserves To Reach 90 Day Buffer

India, which imports more than 80 per cent of its crude, is mapping out three additional strategic petroleum reserves to lift its emergency stockpile to the 90 day level required for eventual membership of the International Energy Agency.L. R. Jain, chief executive of Indian Strategic Petroleum Reserve Ltd, said Engineers India Ltd is carrying out feasibility studies for new depots at Bikaner in Rajasthan, Mangalore in Karnataka and Bina in Madhya Pradesh. Cabinet approval will be sought once the reports are complete.The Bikaner project would use salt caverns to hold about 5.2–5.3â..

Jet Fuel Price Jumps; Commercial LPG Slips Again

Aviation turbine fuel (ATF) became markedly dearer on 2 July as state owned retailers raised the price by Rs 6,271.50 a kilolitre, lifting the Delhi rate to Rs 89,344.05 a kl—a 7.5 per cent jump that reverses roughly half the reductions secured since April. Mumbai now pays Rs 83,549.23 a kl, while Chennai and Kolkata face Rs 92,526.09 and Rs 92,705.74 respectively; variations reflect local VAT.The increase follows a surge in global oil benchmarks after Israel’s recent strike on Iran and will squeeze airlines, for whom fuel accounts for about 40 per cent of operating cos..

RXIL Crosses Rs 2 Trillion in MSME Invoice Financing

Receivables Exchange of India Ltd (RXIL), a leading TReDS platform backed by SIDBI and the National Stock Exchange, has surpassed Rs 2 trillion in cumulative invoice financing for micro, small, and medium enterprises (MSMEs). This milestone underscores the growing reliance on formal, tech-driven credit solutions within India’s MSME ecosystem.In FY2024–25 alone, RXIL facilitated invoice financing worth Rs 805 billion, with over 44,000 MSMEs registered across 1,600 postal codes. Since inception, the platform has enabled the discounting of over 8.85 million invoices.RXIL’s stakeholders incl..