Market News Today

The Steel Ministry has directed SAIL and NMDC to explore foreign mining assets to secure long-term raw materials, reduce import dependency, and manage input costs, particularly for coking coal.

India's top real estate developers dominate metro cities with massive project portfolios and high revenues. Lodha leads Mumbai, DLF rules Delhi NCR, and Prestige dominates Bengaluru, showcasing strong market expansions.

Iceland expects deeper economic ties with India, driven by a $100 billion EFTA investment pledge over 15 years, focusing on clean energy, sustainable fisheries, and climate technologies to create over a million jobs.

Northeast Frontier Railway launched major infrastructure projects, including a third line and a double-line bridge worth Rs 1,474 crore, to boost connectivity and ease congestion in Guwahati.

In January-August 2026, Uzbekistan's electricity generation rose 8.7% to 62.8 billion kWh, driven by thermal, renewable, and hydro sources, while consumption reached 61.4 billion kWh and exports increased.

Telangana ministers reviewed the newly introduced common pass for metro and bus services, announcing that the government will examine making fares more affordable based on passenger feedback during the trial phase.

The Rs 1,136-crore Kochi Water Metro project faces a seven-year delay, with only 20 of 78 boats and 12 of 38 jetties commissioned. Around 40% of funds remain unutilised as deadlines extend to 2027.

A technical snag and maintenance forced the temporary shutdown of an 810 MW capacity across two thermal power units in Tamil Nadu, though low holiday demand prevented power supply disruptions.

Kerala has avoided October power cuts by agreeing to purchase up to 800 MW of electricity from Himachal Pradesh at ₹14.5 per unit, resulting in an estimated additional expenditure of ₹410 crore.

Despite a 14 percent drop in network gas volume from South Pars, Iran increased industrial gas delivery by one billion cubic meters in the first half of this year, maintaining stable power plant supply.