Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Petroleum dependence significant across core sectors, official data shows
As oil prices climb, significant Indian industries brace for impact. Transportation, farming, and power generation are especially reliant on petroleum, making them prime targets for economic instability with the unrest in the Middle East. Furthermore, mining and iron ore sectors also show marked susceptibility as recent data unveils these stark vulnerabilities in the economy.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.
KEC bags ₹1,002 crore orders in power, rail and renewables
KEC International secures ₹1,002 crore in diversified orders across T&D, renewables, transportation and cables, boosting its HVDC and ABS project pipeline
KEC Intl bags ₹2,518-cr orders across civil, T&D, transportation, cables segments
In the civil segment, the company secured its largest commercial real estate order from a leading developer in western India. Shares of KEC International Ltd ended at ₹567.95, up by ₹36.40, or 6.85%, on the BSE.
Switching to electric power has saved Railways Rs 6,000 crore: Ashwini Vaishnaw in Lok Sabha
Indian Railways is making waves in the transportation sector, achieving Rs 6,000 crore in savings by embracing electric trains. This innovative shift has positioned them as the world’s second-largest freight mover, with 35,000 km of track and 27,000 km fully electrified. While staff wages take the lion’s share of expenditures, energy costs are a close second.
Tata Motors bags orders for over 5000 buses and chassis
Tata Motors has secured significant supply orders for over 5,000 buses and chassis from various state transport undertakings nationwide. These diverse orders, including Magna and Starbus models, will be deployed across multiple states for intercity and intracity operations. This achievement underscores Tata Motors' leading role in shaping India's public transportation future.
Chinese stocks slip as Iran conflict and oil price surge weigh on investor sentiment
Market sentiment remained weak as strong statements from leaders in Tehran and Washington suggested that the conflict is unlikely to ease soon after nearly two weeks of fighting. Concerns also grew after oil prices jumped, following Irans new supreme leader Mojtaba Khameneis pledge to keep the Strait of Hormuz effectively closed. At the same time, Tehran has stepped up attacks on regional oil and transportation infrastructure, raising fears of higher global inflation.
Ashok Leyland to invest up to Rs 500 cr in battery pack manufacturing unit
In a bold step towards sustainable transportation, Ashok Leyland has announced a substantial investment of Rs 500 crore for a state-of-the-art battery pack production facility on the outskirts of Chennai. Following a successful groundbreaking ceremony, this initiative not only bolsters their ambitions in the electric vehicle sector but also aligns with India's commitment to achieving net-zero emissions.