Market News Today

Base oil prices in Asia have softened from April highs as crude oil and feedstock costs eased, improving supply availability across Group I and Group II grades. However, Group III base oil prices remain elevated due to Middle East production disruptions and supply shortages. Indian buyers remain cautious amid monsoon-driven demand uncertainty.

Polymer prices in India are witnessing increasing downward pressure as crude oil remains below $80/bbl, Chinese futures weaken sharply, and domestic production disruptions begin easing. Falling international offers, rising material availability, and cautious buying sentiment are shifting the market from supply-driven tightness toward a more balanced and potentially bearish phase.

Chennai is installing smart water meters in nearly one lakh high-consumption properties to boost water accountability, distribution efficiency, and climate resilience. This IoT-enabled project aims to modernize urban water management over the next decade.

Southern Railway extended Vande Bharat booking to 15 mins before departure for all 17 trains, boosting occupancy and revenue. In 2025-26, 24 services carried 77 lakh passengers, generating ₹800 crore, enhancing accessibility and utilisation.

Chennai's Hastinapuram faces prolonged sewage overflow, impacting thousands daily on a key road in Tambaram Corporation's Zone 3. This highlights ageing infrastructure, public health risks, and urban planning challenges.

Southern Railway extends Chennai-Santragachi special train services into early July. Train No. 06077 departs June 27, July 4; Train No. 06078 on June 29, July 6. This boosts connectivity and eases crowding for thousands amid rising demand.

Chennai faces a 5-hour power shutdown (9 am-2 pm) on Wednesday in Sembium, Keelkattalai, and Ennore for network maintenance, affecting thousands. This highlights challenges of ageing infrastructure and balancing upkeep with urban services.

Bengaluru's transport authority prioritises affordability by not increasing monthly bus pass rates, offering relief to thousands of commuters. This supports inclusive urban mobility, reduces congestion, and aids economic access, balancing operational sustainability.

Bengaluru's healthcare infrastructure expands with a new oncology facility in Mahadevapura, addressing rising demand for advanced cancer treatment amidst rapid urban growth and improving accessibility for communities.

Navi Mumbai's DPS Flamingo Lake faces severe pollution from tidal inflows, threatening habitat degradation and the Thane Creek ecosystem. Water quality assessments show pollutant concentrations exceeding standards, impacting flamingos and biodiversity.