Market News Today

The oil industry warns that a proposed diesel export ban will backfire and worsen the global fuel crisis, potentially driving up fuel prices.

Himachal Pradesh's plan to buy back the 66-MW Dhaulasidh hydro project for Rs 800 crore faces hurdles as SJVN claims over Rs 1,200 crore spent, with total costs expected to hit Rs 1,750 crore.

The Shimla Zila Parishad passed a resolution demanding national highway status for the Sainj-Chopal road. Members also reviewed development issues, including Rs 337 crore spent or required for water projects.

Union Minister Harsh Malhotra flagged off the Youth Safety & Smart Mobility Expedition 2026, featuring 50-60 electric vehicles traveling the 500-km New Delhi-Chandigarh corridor to promote road safety and alternative fuel adoption.

The NHAI will begin a trial run for vehicular movement on the 34 km stretch of the Ghazipur-Ballia Greenfield Highway starting October 1, ensuring safe traffic operations with designated entry and exit points.

Telangana has established TG-TMARS, a specialised police bureau integrating traffic management, road safety, highway patrolling, and electronic enforcement across its extensive 32,000 km road network to enhance transport safety.

Nearly 200 Madhya Pradesh urban bodies are pooling power demand for a Rs 1,300 crore, 200 MW floating solar and 50 MW/100 MWh battery storage project to cut municipal electricity costs.

The Madras High Court directed the state to file a report on ensuring road quality following a petition over substandard work across hundreds of kilometers, criticizing the lack of proper monitoring mechanisms.

The 5800 MW Yadadri Thermal Power Station faces severe cost burdens and delays due to a shortage of G9 grade coal and a 270 km distance from Singareni mines, doubling generation costs.

India and Mexico are set to sign terms for a preferential trade agreement in October, aiming to boost bilateral trade currently valued at $7.83 billion, benefiting automobiles, pharma, and engineering goods.