Market News Today

BIS is studying plastic food containers amid safety concerns over chemical leaching, especially from black plastics and hot foods. The study may revise India's Food Safety Regulations, impacting delivery platforms and promoting safer packaging.

Polymer markets remain weak, with PP and PE demand subdued and PVC facing fresh downside after India’s decision not to impose ADD. RIL announced PVC price protection, while international PVC offers dropped sharply. Imports are set to slow in December, and most polymers appear near bottom levels, encouraging stocking interest.

Rajasthan's regulator blocked a 3.2 GW coal power plan, citing clean energy goals and demand forecasts. India's top solar state avoids 25-year coal contracts, promoting renewables over 1,905 MW additional coal capacity by 2035-36.

IndianOil commenced India's first LNG export to Nepal under a five-year deal for 1,000 metric tons with Yogya Holding. Sourced from Dhamra, Odisha, and transported via Raxaul, Bihar, it boosts regional energy security.

India and Bhutan held their first meeting for two rail links: Kokrajhar-Gelephu (₹3,456 crore) and Banarhat-Samtse (₹577 crore). These projects will boost connectivity, trade, and economic opportunities between the nations.

Innovative loans are fueling India's green energy revolution, supporting businesses in solar, wind, energy efficiency, and EV charging infrastructure. These tailored financial solutions ease the transition to sustainable practices, cutting costs and boosting environmental goals.

Mines Minister G Kishan Reddy urged integrating advanced tech, including AI/ML, into geoscience and mineral exploration for India's resource goals and Viksit Bharat by 2047. GSI signed MoUs with IITs for research.

Mahindra targets an 8-fold auto sector revenue increase by FY30, from ₹90,825 crore in FY25. This growth, driven by SUVs, LCVs, and global expansion, includes a million EVs on Indian roads by 2031.

India's core industries saw flat growth in October, with coal down 8.5% and electricity down 7.6%. Petroleum, fertilizer, steel, and cement output increased. Cumulative growth for April-October reached 2.5%.

The 102nd NPG meeting evaluated 3 PM GatiShakti infra projects: a 49.57-km Bihar rail line, a 27.50-km Assam rail line, and a 9.66-km Solapur elevated highway. These aim to boost connectivity, logistics, and economic growth.