Market News Today

India's base oil market is witnessing a firm-to-stable trend, supported by restricted Middle East cargo availability, elevated crude and feedstock costs, and logistical disruptions across key shipping routes. Group I and Group III grades face stronger upward pressure, while Group II prices remain relatively stable amid alternative import arrivals and fresh domestic capacity. Near-term pricing will depend on supply normalisation through the Strait of Hormuz and the availability of replacement cargoes.

Infrastructure projects worth 1,024 crore rupees, including an elevated corridor, knowledge hub, health centre, and housing works, await official confirmation during a high-profile ministerial visit to Gujarat.

Gujarat's new School Management Committee guidelines mandate 75 percent parent representation and 50 percent for women. However, grant-aided school managements are resisting the framework, citing administrative overreach.

Two families in Ahmedabad lost Rs 9.35 lakh in cyber fraud after scammers used malicious APK files disguised as a gas-bill update and a senior-citizen debit-card offer.

Gujarat University is launching a dedicated mobile application on December 1 to digitally track and resolve infrastructure and maintenance complaints across 60 postgraduate buildings, hostels, and sports complexes.

A ₹2.04 crore civic fine issued against a Pune real estate project for unauthorized road excavation remains unrecovered after three years, prompting an official inquiry amid enforcement delays.

Pune Municipal Corporation approved ₹23.11 crore to reimburse PMPML for free and concessional bus passes, leaving an ₹11.77 crore gap due to insufficient budget provisions.

India's PVC market is showing a firm-to-cautious trend, with Mundra ready-material prices ranging between ₹103–105/kg across major imported K57 and K67 grades. Rising Chinese spot prices, industry operating rates near 60% and producer-led output reductions are providing price support. However, weak downstream demand, high inventories and resistance to elevated prices are limiting the scope for a sustained rally.

Bengaluru airport received DGCA approval for mixed-mode runway operations, raising flight-handling capacity from 60 to 80-85 movements per hour and potentially exceeding 1,500 daily flight operations.

The Karnataka Cabinet deferred deciding on the voter list for upcoming local elections involving 5.5 crore electors, awaiting party high command consultation as Supreme Court mandates December completion.