Market News Today

El Nino conditions and rising temperatures are expected to drive India's September power demand and thermal coal burn, with daytime peak electricity averaging 254.63 GW and coal stocks dropping to 25.84 million tonnes.

Crude oil dipped to $104 per barrel amid US-Iran tensions, while world shares were mixed following Wall Street losses and rising inflation concerns ahead of the Federal Reserve meeting.

Russian Urals crude surged past $100 a barrel to a four-month high, while Brent traded above $105 due to escalating Middle East conflicts raising supply disruption concerns.

NPCI launched UPI Tap and Pay, enabling offline payments up to ₹5,000 using NFC, and MyUPI, an AI-based support platform offering enhanced security controls and transaction assistance.

Kenya's suspension of Tata Chemicals' soda ash operations risks 350,000 tonnes in annual exports and hundreds of jobs, as the government pushes for domestic glass manufacturing and value addition.

Good rains in Madhya Pradesh have filled dams, prompting the Energy Department to drop its emergency power purchase plan and opening options for hydropower generation to meet the 20,000 MW demand.

Inbound Aerospace partners with Space Angel to utilize launch infrastructure for testing reusable spacecraft and expanding mission capabilities.

Middle East crude supply may halve through 2027 due to Hormuz disruptions, pushing Brent above $100 a barrel and threatening Indian oil marketing and gas companies' margins.

APSPDCL announced free electricity for Vinayaka mandapams up to 3 kW in rural areas and 5 kW in urban areas, urging organisers to ensure electrical safety and obtain temporary connections.

Hindalco's proposed 1,876 crore Meenakshi Coal Mine in Odisha received strong public support. The 12 MTPA open-cast project promises significant employment, local development, and socio-economic transformation.