Market News Today

The Union Cabinet may raise the EPFO salary ceiling from ₹15,000 to ₹25,000 monthly for mandatory coverage, increasing retirement savings while reducing take-home pay for affected employees.

Tamil Nadu's proposed Rs 1,200 crore secretariat complex faces political opposition over potential livelihood threats to fishermen, traffic congestion, and long-term utility concerns.

Navi Mumbai International Airport expanded its cargo network by receiving its first direct flight from Baku, carrying 90 metric tonnes of imported goods via a Boeing 777F freighter.

India’s polymer market has entered a firm-to-volatile phase as Middle East supply disruptions and stronger crude/feedstock costs encourage producers to raise domestic prices. RIL has announced substantial PE increases effective September 16, while PP deemed-export and PVC prices have also moved higher; however, converters remain cautious as higher resin costs are difficult to pass through.

Global steel markets showed divergent trends in August 2026, with finished steel prices remaining relatively resilient despite weaker iron ore fundamentals. Indian HRC strengthened in Europe to $594/t FOB, while Chinese HRC eased marginally to $495/t FOB; meanwhile, coking coal surged on tighter Chinese, Russian and Mongolian supply.

India’s MS structural steel market has shifted into a firmer but volatile phase, with billet, sponge iron and scrap costs rising and finished-steel buyers remaining selective. Current indications range from ₹46,000/MT for MS billets to ₹59,500/MT for primary MS beams, while near-term prices are likely to remain sensitive to raw-material costs, post-monsoon construction activity and procurement acceptance.

The Faridabad Municipal Corporation has allocated ₹51.63 lakh to build four neighbourhood service centres across four sectors, aiming to ease access to government schemes and municipal services within seven months.

Delhi approved a ₹151.81-crore Regional Forensic Science Laboratory in Sheikh Sarai. Spanning 18,300 square metres, the facility will be constructed within two years to expedite criminal evidence examination and reduce Rohini lab's workload.

Tamil Nadu plans to import river sand via Thoothukudi and Ennore ports and open 30 new quarries to tackle a domestic supply crisis caused by 13 quarry closures in 2023.

On Thursday, Sept. 17, Türkiye's day-ahead spot market electricity prices will peak at 4,149.99 liras and hit a low of 2,099.98 liras per megawatt-hour, with a total trade volume of 2.28 billion liras.