Andhra Cabinet Clears Amaravati Eye Aviation Policy And International University
Centre Expands Aviation Relief With Rs 100 Billion ATF Fund
The Union Cabinet approved a Rs 100 billion (Rs 100 bn) aviation turbine fuel price stabilisation fund to support airlines and oil marketing companies. The budgetary support will be provided as an interest-free advance to oil marketing companies to enable supply of aviation turbine fuel at a benchmark price for domestic and international operations. The Rs 100 bn fund will be administered through a tripartite arrangement among the ministries of civil aviation and petroleum and fuel retailers. The mechanism will compensate retailers whenever import parity prices exceed the benchmark and relief ..
South West Pinnacle Wins Exploration And Drilling Work Orders
South West Pinnacle Exploration (SWPE) said it has won multiple exploration and drilling contracts worth Rs 215.3 mn including GST. The awards comprise a detailed exploration contract from Central Mine Planning and Design Institute Limited (CMPDI), two drilling work orders from Geomysore Services (India) Private Limited (GSIPL) and one work order awarded to its wholly owned subsidiary South West Resources Private Limited (SWRPL). The contracts span coal and gold projects in Chhattisgarh and Andhra Pradesh and cover both reverse circulation and diamond core drilling. CMPDI, which is a wholly ow..
Reliance Infrastructure Seeks Review Of ASM Trading Restrictions
Reliance Infrastructure submitted a representation to the Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) seeking a review of the surveillance framework linked to the Insolvency and Bankruptcy Code (IBC). It asked regulators to reassess the Additional Surveillance Measure (ASM) framework and related trading restrictions that it said have harmed its zero point seven million (0.7 million) retail public shareholders. It urged measures that preserve investor confidence and enable fair market price discovery. Reliance Infrastructu..

