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NH‑10 landslide at Birik Dara stalls traffic Sikkim-West Bengal connectivity disrupted

NH‑10 landslide at Birik Dara stalls traffic Sikkim-West Bengal connectivity disrupted

Landslide blocks NH-10, Sikkim's main road to West Bengal, stranding commuters. ₹394 crore and ₹125 crore sanctioned for mitigation projects, but disruptions continue.
Mumbai to get “metro‑like” AC suburban trains with closed doors by CM

Mumbai to get “metro‑like” AC suburban trains with closed doors by CM

Mumbai's suburban trains are getting a "metro-like" upgrade with AC and closed doors for increased safety and comfort, without fare hikes. Over 7.9 million commuters will benefit daily.
Naphtha crack at over one-year low, backwardation shrinks to 50 cents

Naphtha crack at over one-year low, backwardation shrinks to 50 cents

Asian naphtha refining margins dropped to their lowest in over a year due to rising crude oil prices following new EU sanctions on Russia, shrinking backwardation to 50 cents.
Asia Distillates: Diesel margins, cash diffs near 1.5-year highs on support from west

Asia Distillates: Diesel margins, cash diffs near 1.5-year highs on support from west

Asian diesel and cash differentials hit near 1.5-year highs due to positive sentiment in the West, driven by new Russian sanctions.
When cost trumps clean air

When cost trumps clean air

India relaxes sulfur emission norms for 79% of thermal power plants, citing low sulfur in domestic coal and high cost of FGD installation (₹2.54 lakh crore).
EU Sanctions on Russian Oil Supply Chain Impacting Global Dynamics
nexizo.ai
Daily Market Report
18 July

EU Sanctions on Russian Oil Supply Chain Impacting Global Dynamics

The EU plans to lower the Russian oil price cap from $60 to $45–50 per barrel, aiming to curb Moscow’s revenue. This could trigger crude price volatility and boost demand for discounted Russian oil from countries like India. Previously, Russia bypassed the cap’s impact by inflating freight and insurance costs, maintaining near-market earnings despite restrictions.
Structural Steel Prices Dip Amid Monsoon and Liquidity Pressures
nexizo.ai
Daily Market Report
18 July

Structural Steel Prices Dip Amid Monsoon and Liquidity Pressures

Structural steel prices continued their downward trajectory this week, particularly in the secondary market. Monsoon-related disruptions, delays in fund disbursement, and persistent liquidity constraints are weighing heavily on demand. While primary mills are holding prices firm, secondary mills are resorting to discounts to manage cash flow. The near-term outlook remains subdued until site activity gains momentum post-monsoon.
India’s national highway network exceeds 1.46 lakh km now world’s second-largest  

India’s national highway network exceeds 1.46 lakh km now world’s second-largest  

India's national highway network, now exceeding 1.46 lakh kilometers, is the world's second-largest. This growth has fueled job creation and economic prosperity through substantial government investment.
Malda Prepares To Open New Ganga Bridge After Years Of Delays

Malda Prepares To Open New Ganga Bridge After Years Of Delays

A new 5.5 km Ganga bridge in Malda, West Bengal, with a 2.58 km main span, is set to open in August, easing traffic on the existing Farakka Barrage bridge.
Navi Mumbai airport to launch 12‑hour operations from 8 AM–8 PM

Navi Mumbai airport to launch 12‑hour operations from 8 AM–8 PM

Navi Mumbai International Airport (NMIA) to launch 12-hour operations (8 AM–8 PM) initially, aiming to decongest existing Mumbai airport and boost regional economy.

Mild Steel Prices

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