Market News Today

India's polymer market entered a decisive correction phase as Reliance Industries slashed polypropylene prices, introduced PE incentives, and global crude oil prices weakened. While temporary freight inflation slowed cheaper imports, weak demand, aggressive Chinese offers, duty relief extension, and easing feedstock costs indicate further downside for polymer prices in India.

India's bitumen market remained firm despite a sharp correction in Brent crude prices, as supply-side disruptions, elevated freight costs, and constrained vessel availability continued to support prices. While easing geopolitical tensions reduced the oil risk premium, cautious buying during the monsoon and delayed Persian Gulf cargo arrivals kept procurement activity subdued.

Telangana launched a digital system for bulk power connections in Hyderabad, streamlining approvals for multi-storey projects. It reduces paperwork, speeds up processing, and waives development charges for projects over 20 kW, boosting urban development.

Telangana RTA launched a statewide drive to protect vehicle buyers from unauthorised charges and ensure mandatory temporary registrations via the VAHAN portal. Inspections aim for transparency and compliance, safeguarding consumer rights.

Hyderabad Airport proposes an arrival user fee from September to fund infrastructure upgrades and expansion amid growing traffic. Regulatory review will balance financial sustainability with passenger affordability.

Noida Airport now connects to 15 Indian cities via 9 new regional routes, boosting western UP/NCR mobility, real estate, and infrastructure. International flights are planned by year-end, positioning it as a key regional transit node.

Telangana is reviewing high-speed rail corridors connecting Hyderabad with Mumbai, Bengaluru, Chennai, and Warangal Airport development. This aims to boost regional connectivity, economic integration, and urban expansion through multimodal transport infrastructure.

Hyderabad strengthens its global life sciences hub status with a new Digital Technology Hub by a global healthcare company, operational Q1 2027. This investment boosts digital transformation in healthcare and pharmaceuticals, leveraging the city's skilled workforce and research ecosystem.

Mandya DC Kumara directed NHAI to expedite all pending national highway works in Mandya district, including a wildlife overpass in Srirangapatna, and resolve bottlenecks for timely completion, following the chief minister's instructions.

Tata Chemicals MD R. Mukundan urged India and Japan to deepen cooperation in EVs, green hydrogen, battery storage, carbon capture, and renewable energy systems to strengthen economic partnership, addressing the India-Japan Joint Economic Forum.