The collapse of a major Baltimore bridge Tuesday is likely to shut down the port’s coal exports for as many as six weeks and block the transport of up to 2.5 million tonnes of coal, said Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC.

The US exported about 74 million tonnes of coal last year, with Baltimore the second-largest terminal for the commodity. Plugging up a major coal hub threatens to disrupt global energy supply chains that have finally begun to work out the kinks left over from pandemic slowdowns.

Billionaire Nikhil Kamath has partnered with Gauri Khan, John Abraham to invest over Rs 83 crore in specialty coffee and cocoa company, Subko Coffee Roasters. The investment from popular entrepreneur and Bollywood celebs has pushed the company's valuation to around Rs 283 crore post-money. The funding round was backed by the Blume Founders Fund, The Gauri Khan Family Trust, Priya and John Abraham, Sangita Jindal, Srinivas and Pallavi Dempo, and The Mehta International Mauritius Limited Group.

The Chief of Ramakrishna Math and Ramakrishna Mission, Swami Smaranananda Maharaj, died at 95 due to age-related ailments, according to Ramakrishna Math and Ramakrishna Mission.

Prime Minister Narendra Modi expressed condolences on the death of the President of Ramakrishna Math and Ramakrishna Mission.

China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed.

China said it was contesting “discriminatory subsidies” under the US Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries.

The global billionaires list witnessed as many as 94 new entrants from India, stated a report by Hurun India on Tuesday. Following a net addition of 84, the country’s billionaire tally touched 271 with their combined wealth at $1 trillion, noted the report.

Mukesh Ambani, chairman & managing director of Reliance Industries, is the only Indian to make it into the top 10 of the Hurun Global Rich List 2024, a ranking of billionaires in US dollar terms. Despite a 40 per cent increase in his wealth to $115 billion, Ambani, 66, dropped one rank to 10th place on the global list.

The clinical trials of the novel tuberculosis vaccine MTBVAC began in India on Sunday, marking a “giant step” forward in the fight against one of the world’s deadliest infectious diseases that kills over 1.6 million people annually.

Developed by Biofabri in collaboration with the Hyderabad-based Bharat Biotech, MTBVAC is derived from a human strain of the Mycobacterium tuberculosis bacteria. It holds promise as a more effective and long-lasting alternative to the BCG vaccine, the only tuberculosis (TB) vaccine currently available.

The Reserve Bank of India (RBI) has launched an investigation into Google Play’s billing system over alleged violations of the Payments and Settlements Systems Act, said people aware of the development, requesting anonymity. The probe follows a complaint lodged by Kolkata-based Hoichoi Technologies.

The complaint pertains to the operation of several of Google’s aggregator platforms in India, which are registered in foreign countries, including Singapore and the US.

The Bharatiya Janata Party (BJP) has organised a counter-protest demanding the resignation of Arvind Kejriwal. Led by Delhi Chief Virendra Sachdeva, the march will proceed from the Feroz Shah Kotla Stadium to the Delhi Secretariat on Tuesday, a day after Holi celebrations.

The BJP has consistently called for Kejriwal's resignation following his arrest. Conversely, the Aam Aadmi Party (AAP) has asserted that Kejriwal will continue to serve as Delhi's Chief Minister, even if he operates from within the jail. This has made Kejriwal the first-ever serving chief minister to be arrested.

India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 per cent stake in Odisha's Gopalpur Port for an equity value of Rs 1,349 crore ($161.74 million) to bolster its east coast presence.

Adani Ports will purchase a 56 per cent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39 per cent stake from Orissa Stevedores.

The acquisition of cement assets from Jaiprakash Associates (Jaypee group) by Dalmia Cement remains in limbo, nearly 15 months after the deal was announced.

The closure of the Dalmia-Jaypee deal is being held up by ongoing discussions between lenders to the Jaypee group and the National Asset Reconstruction Company Limited (NARCL), as well as a separate arbitration between Jaiprakash Associates and UltraTech Cement.

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