Market News Today

West Bengal's allocation of approximately ?4,000 crore to clear DA arrears leaves grant-in-aid staff facing uncertainty, as employee organisations estimate total liabilities between ?42,000 crore and ?45,000 crore.

Police arrested seven people in an illegal loan fraud network targeting vulnerable individuals, seizing vehicles, cash, promissory notes, and blank cheques while investigating 27 victims.

Adani increased CNG prices in Gujarat by ₹2.30 per kg, bringing the new rate to ₹100.77. This second hike in 13 days increases operating costs for daily commuters and auto-rickshaw drivers.

Ahmedabad municipal authorities launched a strict pollution crackdown, ordering the seizure of vehicles over 15 years old, sealing illegal construction sites, and planning 52 new public toilet blocks to improve civic infrastructure.

Rising food, cooking fuel, and transport costs ahead of Diwali in Ahmedabad have squeezed household budgets. Prices of pulses, rice, ghee, CNG, and petrol surged, amplifying financial strain for families and transport operators.

MSRTC and MahaMetro signed an MoU to redevelop the 15,400-square-metre Shivajinagar site into a modern bus port and integrated transport hub under a public-private partnership model.

State highway and PWD potholes in Moodbidri are scheduled for repairs by November and December respectively. The traffic meeting also addressed bus speeding, parking congestion, and transport permits.

India's EV transition faces safety challenges from thermal stress. IIT Madras research notes cells exceeding 45°C in 35°C ambient heat, highlighting the need for lifecycle battery management and cooling technologies.

India's Union Cabinet approved Rs 14,500 crore to develop 92 gigawatt-hours of grid-scale energy storage capacity by 2030-31, supporting an estimated investment of Rs 97,600 crore for batteries and pumped-storage hydropower.

Union Railway Minister Ashwini Vaishnaw announced that the Bengaluru-Pune bullet train and a 3,000 km expansion of high-speed rail corridors are planned, alongside new Vande Bharat services to boost regional connectivity.