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NEW DELHI : The India-Australia interim free trade agreement (FTA), in place for six months, has led to a 15% narrowing of India’s trade deficit with Australia on increased exports of drugs, electrical machinery, and iron and steel articles, along with a significant decline in coal imports due to a milder Indian summer. India’s exports to Australia fell by over 32% in the five months to May compared to the year-ago period, while imports shrank by 25%, resulting in a narrowed trade gap of $3.87 billion, representing a 15% decline from the previous year, according to official data.

The extreme heat blanketing the southern regions of the U.S., Mexico, and Europe this month would have been nearly impossible without the warming effects of human-induced climate change, according to a study released Tuesday by a group of European scientists who carry out rapid assessments of extreme weather events. The study by World Weather Attribution, a group of researchers based in London and the Netherlands, found that three separate heat waves in July across the Northern Hemisphere were made much worse because of decades of fossil-fuel emissions that have raised the planet’s average temperature by 2 degrees Fahrenheit since the late 19th century.

₹10,000 crore from its public shareholders, the engineering giant’s first such offer in its eight-decade-long history. “We are walking the talk by returning surplus cash to shareholders in our journey to improve the group return ratios over the Lakhshya Strategic Plan period ending FY26," said S.N. Subrahmanyan, chief executive and managing director, L&T.

Mumbai: Securities and Exchange Board of India (Sebi) on Tuesday filed an application to modify a 10 July order of the Securities Appellate Tribunal (SAT) against Zee Entertainment Enterprises chief executive Punit Goenka. This development follows the tribunal’s prior directive to appoint another whole-time member of Sebi to issue a final order on the matter. On 10 July, SAT dismissed a plea by Goenka and his father Subhash Chandra, chairman of the Essel Group, challenging Sebi’s 12 June order, barring them from holding positions on the board of any listed company.

Annuity sales have rocketed to record levels this year, fueled by demand for products that give contract owners stock exposure but provide limits that keep them from getting burned too severely by market drops.

Sunteck Realty has recorded 16% year-on-year growth in pre-sales at Rs 387 crore for the quarter ended June. The company’s collections for the quarter rose to Rs 288 crore from Rs 285 crore a year ago.

₹753,860 crore during 2022-23 (budget estimate), compared to ₹656,626 crore debt (revised estimate) during 2021-22. Similarly, Uttar Pradesh saw its debt increase to ₹710,210 crore during 2022-23, from ₹656,626 crore during the previous year. Maharashtra saw its debt increase to ₹680,357 crore during 2022-23 from ₹596,689 crore during the previous fiscal.

Apollo Pipes Limited, a prominent piping solutions provider and one of the top 10 companies in the industry in India, has disclosed its financial results for the quarter and financial year ending on June 30, 2023. The company witnessed significant growth in various aspects during Q1FY24 compared to the same period in the previous year. In terms of sales volume, Apollo Pipes recorded a substantial increase of 47%, with sales reaching 21,219 tons, up from 14,406 tons in Q1FY23.

Asian Paints Ltd, India’s largest paints maker, reported a mixed set of first quarter numbers on Tuesday, with profit beating estimates even as revenue came below expectations. The company posted a 52.5% increase in consolidated net profit at ₹1,550.4 crore for the quarter from ₹1,016.9 crore a year ago. Consolidated revenue from operations rose 6.7% year-on-year to ₹9,182.31 crore from ₹8,606.94 crore.

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Christopher Nolan has directed a biopic on the physicist Robert J. Oppenheimer to worldwide acclaim. Oppenheimer led the famous Manhattan Project to build an atomic bomb during World War II, though he was later hounded for his political views.

Nifty was under pressure for the third day in a row and moved sideways throughout the session, finishing with small gains at 19,681 levels. Auto stocks were also in the spotlight, thanks to good results from TVS, Bajaj Auto, and Tata motors. Profit booking occurred on the Nifty as a result of mixed corporate earnings and poor global indications.

Ajmera Realty & Infra India Ltd (ARIIL) has reported 82% year-on-year growth in net profit of Rs 21 crore for the quarter ended June. Revenue for the quarter rose 113% from a year ago to Rs 118 crore. The listed developer sold over 1.35 lakh sq ft space valued at Rs 225 crore during the quarter while recording collections worth Rs 111 crore.

Bajaj Auto reported better-than-expected earnings in the quarter ended June led by robust sales of motorcycles and commercial vehicles in the domestic market, a healthy model mix and better exchange realisation. Net profit at the Pune-based company rose 42% over the corresponding period last year while revenue from operations touched a record high of 29% over the year ago period. Profit after tax at the firm increased to Rs1165 crore over Rs1173 crore in the same period last year while revenue from operations advanced Rs10,310 crore from Rs8005 crore, the company said in a filing to the stock exchanges.

Prudent Corporate Advisory Services reported a 29% year-on-year (YoY) growth in revenue from operations at Rs. 165.4 crores for the June quarter, driven by a 22% growth in average quarterly assets under management (AUM) in the mutual fund vertical coupled with the insurance revenues doubling.

The U.S. presents many obstacles to crypto companies, with a multiplicity of federal and state regulatory agencies having real or potential jurisdiction over the industry. Its unique political environment has contributed to more governmental skepticism toward crypto than is seen in other countries, and high-profile punitive actions by the Securities and Exchange Commission are making many crypto companies nervous about maintaining a foothold in the U.S.

Rajendra Gudha said Tuesday as he stepped up his campaign against the «misdeeds» of members of the Ashok Gehlot ministry in Rajasthan. Gudha took out a «camel yatra» in his Udaipurwati assembly constituency in Jhunjhunu district, a day after he was suspended from the state assembly where he had triggered a ruckus over a «red diary». The ex-minister, who was pushed and shoved by fellow Congress MLAs in the House when he struck Parliamentary Affair Minister Shanti Dhariwal's microphone, has alleged the diary hold details of irregular financial transactions that damn state's ministers. Chief Minister Gehlot sacked Gudha last week after he criticised his own government in the assembly over crime against women, when the violence in BJP-run Manipur was being discussed. In Udaipurwati, Gudha repeated his suggestion made in a PTI interview earlier to conduct a narco test on all Rajasthan ministers. «It will be known then that rapists are sitting in our government,» he told reporters during the yatra. «Send me to prison or shoot me, I will continue to fight for the security of sisters and daughters of the state till my last breath,» he said.

Investing.com — Crude oil prices stabilized near three-month highs on Tuesday, as traders waited for news from the Federal Reserve following signs of tighter supplies and promises by Chinese authorities to shore up the world's second-biggest economy.

Tata Power - Delhi Distribution Ltd (DDL) said that it met the demand of 2,182 MW on Tuesday. “Today, Tata Power-DDL successfully met the demand of 2,182 MW. This has successfully demonstrated that our customers‘ increasing energy needs were taken care of without any network limitations or power disruptions." Although the peak demand this year touched a record high of 223 GW last month, the overall power demand this year has largely been in check amid the sporadic rains across the country.

This time, it was the turn of Uttar Pradesh's Noida where around 300 cars got submerged due to increase in the water level of Hindon river. The cars were in the Ecotech 3 area. It is not clear whether it was a yard for new cars or a private garage.

Boutique investment bank PJT Partners is stepping up hiring senior dealmakers this year after advisory revenue surged by 73% in the second quarter even as larger rivals have foundered.