Market News Today

Asian economies are boosting energy security by expanding strategic oil and gas reserves, building domestic infrastructure, and forging storage deals to reduce reliance on the vulnerable Strait of Hormuz.

India's CEA recommends flexible, two-shift operations for 34.5 GW of aging coal plants to integrate 292 GW of solar by 2030, offering a low-cost alternative to battery storage.

China's Q2 2026 CO2 emissions fell 1% due to a 9% drop in oil use amid the Hormuz crisis, marking the first time oil reductions drove overall emission declines.

Due to highway disruptions, LPG bottling has shifted outside the Kathmandu Valley. Gas companies are refilling cylinders at plants in other regions and transporting them via trucks to ensure uninterrupted supply.

Two major high-speed rail projects, the Kanpur-Ayodhya Namo Bharat Corridor and Delhi-Patna High-Speed Rail, will reduce travel times, cutting Kanpur to Delhi to under two hours and Ayodhya to 1.5 hours.

Chennai Metro aims for a November trial on the 26 km Koyambedu-Trade Centre line, featuring driverless trains. Meanwhile, the Vadapalani-Poonamallee section inauguration remains uncertain due to pending clearances.

Chief Minister C Joseph Vijay announced Rs 7,000 crore worth of new drinking water, sewage, road, and infrastructure projects across major metropolitan cities and urban areas to boost civic facilities.

The Central Electricity Authority proposed exempting old coal-fired power plants from installing FGD systems if they operate flexibly in a two-shift model to support renewable energy integration.

India has offered technical and financial assistance to help flood-ravaged Nepal rebuild critical infrastructure, including restoring damaged hydropower plants, roads, and bridges following devastating landslides.

India's kharif pulses acreage rose 1.68% to 111.46 lakh hectares, driven by urad, tur, and moth bean growth, despite erratic rainfall putting crop yields under pressure.