Market News Today

India's EV policy offers a 15% import tariff for foreign automakers investing $500 million, but only 5% can be for charging infrastructure, prioritizing manufacturing.

India’s petroleum market is undergoing a shift due to fluctuating bitumen prices and evolving crude oil imports. US crude shipments to India nearly doubled in February, while Russian exports declined by 25% amid sanctions. Indian refiners are diversifying sources, increasing Middle Eastern imports, and securing long-term energy agreements with global suppliers.

Northeast Frontier Railway's 112.91 Route Kilometer Agartala-Sabroom electrification project inspected, boosting sustainability and efficiency in India's northeast region.

Tamil Nadu faces a growing power deficit, projected at 126 million units daily over the next decade, despite new energy projects. Demand is surging beyond initial estimates of 35,507MW peak and 2.5 lakh million units annually by 2034-35.

Indian crude oil imports from the US increased in February as sanctions cut Russian shipments by 25%. Refiners boosted purchases from the US and Middle East to compensate.

Hyderabad's Future City, North City Medical, and Shamirpet Metro Corridor DPRs will be finalized by March-end. ₹22,000 crore will be invested in new metro projects under CM Revanth Reddy.

Pune's Hinjewadi-Shivajinagar Metro Line 3 deadline extended to September 2025. The 23km elevated project is now 82% complete, with track laying finished and station work in final stages.

Hyderabad Metro's 36.8 km Corridor IV, connecting Nagole (Airport) to RGIA with 24 stations, is nearing DPR completion. This expansion aims to ease airport access and reduce traffic.

Crude oil prices fell due to weak US economic data and potential easing of Russia-Ukraine war tensions. Brent crude settled at $74.43/barrel and WTI at $70.48/barrel, the lowest in two weeks.

MMRDA secured a ₹7326 crore loan from Union Bank of India for the 9.2 km Orange Gate-Marine Drive underground metro, enhancing Mumbai's east-west connectivity.