Market News
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Sabotage? Syria Faces Internet Blackout As Undersea Cable Gets Damaged
Syria and Egypt are directly connected by the severed fibre-optic network, which serves as a vital conduit for global internet traffic.
16 India-bound fertiliser ships stranded in Strait of Hormuz: Govt
Sixteen ships carrying vital fertilisers are currently held up in the Strait of Hormuz. These vessels are en route to India. Despite this situation, the government states there is no immediate concern for fertiliser availability. India has already imported significant quantities and is seeking more to meet the demands of the ongoing sowing season. Local production has also been enhanced.
K2 Infragen bags Rs 158.58 crore railway electrification order from Konkan Railway
In a landmark achievement, K2 Infragen Ltd has been awarded a prestigious contract worth Rs 158.58 crore by Konkan Railway Corporation Ltd. The undertaking will overhaul railway electrification infrastructure throughout vital areas of the North Western Railway. The scope of work includes the comprehensive design, provision, installation, testing, and commissioning of advanced electric traction systems.
Shipowners seek clarity on Strait of Hormuz deal as 600 vessels eye exit
Shipowners and traders are cautiously awaiting details on a potential reopening of the Strait of Hormuz, a vital oil and gas route disrupted by conflict. While a US-Iran deal is announced, concerns about safety, mines, and Iranian actions persist, leaving hundreds of vessels stranded and global energy trade in limbo.
Indian LNG tanker heads toward Strait of Hormuz as US-Iran deal lifts reopening hopes
An LNG tanker is nearing the Strait of Hormuz as the US and Iran reportedly reach a deal to reopen the vital waterway. European natural gas and oil prices fell as traders anticipate the resumption of traffic, though monitoring challenges remain due to potential spoofing and transponder deactivations.
Crude oil prices fall over 4% after US-Iran peace deal to open Strait of Hormuz; Brent oil below $85 a barrel
US President Donald Trump also announced that the strategic Strait of Hormuz - a vital maritime chokepoint through which roughly 20% of the world’s crude oil supply transits - would reopen.
Centre urges states to accelerate nuclear power plants and green energy storage
India is accelerating approvals for nuclear power plants and energy storage systems. This push is vital for the nation's growing data and AI centers. States are being urged to speed up clearances for proposed projects. The goal is to ensure a robust energy supply for future power needs. This initiative aims to enhance energy security across the country.
Anupam Rasayan becomes world's first to make ETFA using flow chemistry
Anupam Rasayan India Ltd has achieved a global first by commercialising Ethyl trifluoroacetate production using its unique continuous flow chemistry technology. This advanced method offers enhanced safety and efficiency over traditional batch processes. ETFA is a vital component for pharmaceuticals and life sciences.
India fertilizer offers sink in sign of easing supply strain
India's urea import prices have dropped sharply, less than half of April's rates. This indicates global fertilizer supply issues are easing. The country is securing large quantities of urea for its monsoon sowing season. However, India is also increasing its spot purchases of liquefied natural gas for domestic urea production, facing higher costs for this vital feedstock.
Government may lift price cap on cancer drugs making them costlier by up to 50%
India's government is taking emergency steps to ensure cancer patients get vital drugs. Cisplatin and carboplatin, crucial chemotherapy agents, faced shortages due to rising raw material costs. The government may allow significant price increases to boost production. This move aims to prevent treatment disruptions for thousands of patients across the nation. Revised prices are expected soon.
India’s hidden battery fleet can keep the lights on
India's home batteries are vital for keeping the lights on during peak demand. These systems, long a staple due to grid instability, are now evolving with lithium-ion technology. This shift promises greater power and efficiency for households.
Ficci proposes 700MW PHWR tech transfer framework to boost nuclear energy investment
Indian industry is pushing for a clear framework to license and transfer technology for indigenous 700MW PHWR reactors to private players. This move aims to accelerate nuclear capacity expansion and attract vital investment. Ficci highlighted that structured technology transfer and licensing are crucial for faster project deployment and mobilising capital, ultimately strengthening India's nuclear power programme and project viability.