Market News Today

Mumbai's 112-year-old Sion Railway Over Bridge is set to reopen by September 30, restoring key east-west connectivity and supporting suburban rail expansion after its closure in August 2024.

Mumbai's civic administration tightened pollution rules on September 2, shifting compliance to developers and architects, with severe penalties including licence suspension and heavy fines for defying safety mandates.

Mumbai's civic drive cleared 246 km of footpaths across 1,711 locations to enhance pedestrian safety, improve mass transit access, and promote sustainable urban mobility.

Lotte Chemical has indefinitely shut down its Daesan naphtha cracker, which is designed to produce 1.1 million metric tons of ethylene annually.

Three chemical tankers carrying approximately 100,000 metric tons of methanol successfully crossed the Strait of Hormuz, leading to a drop in Indian prices due to fresh Middle East supplies.

China's polypropylene industry is set to add 1.75 million metric tons per year of new capacity in September as several producers bring their units into operation, though actual supply increments may remain limited.

European LDPE spot prices rose by Euro 40/mt to Euro 1265-1275/mt FD NWE amid tighter prompt availability, while contract markets remained mostly steady despite falling feedstock ethylene costs.

Cyberabad Traffic Police are proposing a dedicated JNTU-Raidurgam carriageway, corporate carpooling, and staggered office timings to ease severe IT corridor congestion and improve commuter efficiency.

Airbus plans to deliver over 120 aircraft annually to India over the next decade, backed by a 1,200-plane backlog, while also expanding local MRO and repair capabilities.

Maharashtra orders a dedicated task force to tackle infrastructure, traffic, and utility challenges across a rapidly growing employment belt with a proposed ₹426 crore development plan and new metro connectivity.