Market News

The Uttar Pradesh government has partnered with OneOTT Intertainment to expand broadband connectivity in rural areas under Project GANGA. The initiative aims to connect over 20 lakh households and create more than 1 lakh jobs across the state.

The government has invoked the Essential Commodities Act to preserve the supply of LPG for domestic households. Companies are directed to use propane and butane supplies to produce LPG.

Aluminium prices rose sharply after concerns that tensions in the Middle East could disrupt global supply routes. Markets are now watching shipping through the Strait of Hormuz and production levels at major Gulf smelters.

CreditAccess Grameen has signed a $75 million syndicated loan agreement with global lenders, adding to its overseas funding base and supporting lending under its social loan framework focused on financial inclusion.

India recorded its highest-ever February electricity consumption at about 133 billion units, driven by warmer temperatures and rising industrial activity. Higher demand was also reflected in power market trading volumes, while electricity prices softened due to sufficient supply.

Dixon Technologies shares jumped about 7% after the government approved its joint venture with China’s HKC Overseas for display manufacturing. The partnership will focus on producing display modules used in smartphones, TVs, laptops, and automotive screens.

Government-owned IIFCL expects its loan book to exceed ₹1 Lakh Cr. by FY27 and aims to double its assets within three years.

Markets finished higher on Tuesday as global cues turned supportive. Auto and consumer stocks attracted buying interest, while IT stocks stayed weak. Mid- and small-cap stocks rose faster than the benchmarks.

The board of Indian Railway Finance Corporation approved a fund-raising plan of up to ₹70,000 crore for FY27 to support lending to Indian Railways, refinance liabilities, and fund growth initiatives.

Oil prices fell on Tuesday after Donald Trump said the US-Israel war on Iran may end sooner. Markets also reacted to plans by G7 nations to ease supply pressure.

India has notified standards for green ammonia and green methanol, setting emission limits for them to qualify as “green.” The move supports the National Green Hydrogen Mission and could help decarbonise industry while boosting green fuel exports.

Growing tensions between the Dutch chipmaker Nexperia and its Chinese subsidiary are fueling worries about new disturbances in the global semiconductor supply chain. If the dispute drags on, the impact could ripple through chip-dependent industries, particularly the automotive and electronics sectors in India.