Market News Today

India’s polypropylene (PP) market is expected to remain stable to rollover on October 8, with buyers continuing need-based procurement as domestic open-market prices remain below company-listed levels. However, rising crude oil prices, a weaker rupee and higher import replacement costs are increasing upward cost pressure, limiting the scope for further domestic price reductions.

The Government of Maharashtra has issued a civil works tender worth ₹0.0356 crore for PF door installation in Khar West's H West Ward. Bids close on October 14, 2026.

India approved the Rs 1.86 trillion GEC-III scheme to evacuate 135 GW of renewable energy and deploy 50 GWh of storage by 2032-33, though land acquisition and implementation delays remain key challenges.

Delhi Chief Minister criticised Punjab over resumed stubble burning causing air pollution. Satellite data recorded 254 residue-burning events across six states between September 15 and October 5, with Punjab reporting 84.

Telangana's Deputy CM explained thermal power plant coal supply and linkages. While SCCL supplies domestic coal, the state is seeking permanent linkages for the Yadadri plant requiring 140 lakh tonnes.

Aurionpro secured a ₹150 crore order for an AI data centre in Navi Mumbai. Amid surging tech investments and infrastructure growth, the region is rapidly emerging as India's leading data-centre hub.

CNG has surpassed diesel, capturing 21.98% of India's passenger vehicle sales in FY2026. Driven by lower running costs, CNG is emerging as the preferred affordable alternative for high-mileage users.

A footpath transformer explosion in Bengaluru injured two pedestrians, renewing safety concerns over poorly secured electrical infrastructure on public walkways following a similar fatal incident in 2022.

Bengaluru's 13.76-km Pink Line underground metro trials may begin by year-end, with public operations targeting March 2027 to enhance connectivity across 12 stations and reduce traffic congestion.

India's $260B chemical industry faces the net-zero transition by balancing economic growth, adopting green technologies, and addressing a $31B trade deficit to emerge as a global powerhouse.