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US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs

Amid the prolonged Middle East conflict, the government has approved an Aviation Turbine Fuel (ATF) Price Stabilisation Fund to safeguard problems being faced by airlines, oil marketing companies and fliers. This will be a self sustaining revolving fund. The Union Cabinet on Wednesday approved the fund of Rs 10,000 crore support package to protect airlines from the sharp surge in aviation fuel prices triggered by the ongoing turmoil in West Asia.

Times of India 7d ago

ATF price stabilisation plan: Jet fuel prices rise 10% as oil retailers roll out scheme

Aviation turbine fuel (ATF) prices for domestic airlines rose by around 10 per cent on Tuesday as state-owned oil marketing companies rolled out a government-backed price stabilisation scheme that will allow carriers to lock in fuel rates for up to three years. Under the new regime, airlines opting into the scheme will pay a fixed ATF price of about Rs 115 per litre, compared with the previous rate of Rs 104.93 per litre. The move is aimed at shielding carriers from sharp swings in global...

Times of India 1d ago

Goldman Sachs, HDFC Securities & more: Top stocks to watch on June 02

Morgan Stanley maintained its overweight rating on Reliance Industries with the target price at Rs 1,803. Analysts said RIL is deploying $15 billion annual operating cash flows with shorter monetisation cycles now the new norm. New energy and AI infrastructure flagged as key value drivers funded by existing businesses.

Times of India 8d ago

How did Taiwan, Seoul overtake India? Drop from 5th to 7th largest stock market - explained

In a span of just over a week, the Indian stock market has gone from being the world’s fifth largest to the seventh largest by market capitalization. First overtaken by Taiwan last week, India has now dropped below South Korea as artificial intelligence-driven rallies in these stock markets propel them to fresh highs. But the fall to seventh rank is not just about the rallies in South Korea and Taiwan.

Times of India 8d ago

ITR filing FY 2025-26: Top 10 points to check before submitting tax return

It is that time of the year again, when focus shifts to Income Tax Return(‘ITR’) filing. The tax filing deadline for the Financial Year (‘FY’) 2025–26 is approaching and taxpayers have commenced to gather documents like Form No. 16, other tax deduction statements, investment proofs, bank interest statements, capital gains reports, and other necessary financial information for preparing and filing their tax returns. Besides compliance, ITR also serves as a vital document frequently reviewed...

Times of India 6d ago

Beyond CM chair tussle: What could make or break DKS's reign in Karnataka

NEW DELHI: Karnataka Congress leader DK Shivakumar has been long known for his firefighting skills. The Congress turned to him everytime things fell apart. But now, as he prepares to take up the top job in Karnataka, the test will not just be of his firefighting skills (in his own backyard) but also of his governance skills.

Times of India 9d ago