Market News Today

India's copper scrap imports remained broadly stable in H1 2026 despite disruptions from traditional suppliers, with stronger US shipments offsetting weaker European availability. However, tighter global premium-scrap supply and stronger Chinese buying are increasing procurement competition, keeping Indian buyers focused on diversified sourcing and higher-recovery grades.

Indian steel pipe prices remain firm with a mild upward bias, supported by elevated HRC prices, higher steelmaking costs and improving post-monsoon infrastructure activity. DI pipes have stronger supply-demand fundamentals, while MS/ERW pipes face greater competition from secondary producers and imports, limiting sharp price increases.

BMW patented its upcoming electric M Neue Klasse sedan in India, featuring a quad-motor setup, over 100kWh battery, and 800V architecture. Global production is targeted for 2027 with potential higher performance than the M5.

Despite US threats of up to 100% tariffs over Russian oil imports—which supply 51.1% of India's crude—experts advise India to ignore pressure and reject unequal bilateral trade agreements.

US tariff threats over India's purchase of Russian crude—which accounted for nearly 52% of imports in July 2026—threaten bilateral ties, testing New Delhi's energy security and strategic autonomy.

Premier Energies has commissioned India's largest 7 GW solar cell facility in Andhra Pradesh, investing Rs 3,293 crore and raising its total capacity to 10.6 GW to meet growing clean energy demand.

Tata Motors will debut the Tigor facelift as the Aeris on September 25. It features exterior updates, LED lighting, new wheels, and expects to retain petrol, CNG, and EV powertrain options.

Monarch Surveyors has won a Rs 29.75 million contract in Tripura for implementing a Resettlement Action Plan for the widening of NH-208 under the JICA loan programme.

Tata Power has deployed over 2.5 lakh home chargers and 6,700 public charging points across India, aiming for 7.5 lakh home chargers and 10,000 public chargers by 2030 to support rising EV adoption.

Indian Railways approved Rs 493 crore for a 38.21 km new rail line between Mukutban and Gadchandur to boost regional freight connectivity, reduce congestion, and support key industrial hubs.