South Korea and the United States have agreed to launch working-level consultative bodies on promoting bilateral cooperation in shipbuilding and energy industries, as well as for discussions on Washington's new tariff scheme, Seoul's industry minister said on Tuesday.

South Korea is the first country to form working-level consultative bodies with the new US administration on tariff negotiations and bilateral cooperation, Industry Minister Ahn Duk-geun said in a press briefing on his recent visit to Washington, noting the channels will begin operation as soon as possible.

The two sides plan to establish four different channels to discuss shipbuilding collaboration, energy cooperation, which includes South Korea's possible participation in the Alaska liquefied natural gas (LNG) project, tariffs and non-tariff barriers, reports news agency.

For the last few days the Punjab government has been vigorously running its campaign against drugs, and a petition filed in the High Court by an NGO challenging these efforts has led the Aam Aadmi Party (AAP) to level serious allegations against the Congress.

Senior AAP leader and MP Malvinder Singh Kang accused the Congress party of trying to use the courts to halt the Punjab government's anti-drug campaign. He said that the organization 'People Welfare Society,' which filed the petition against the government’s actions targeting drug smugglers, is run by staunch Congress supporters.

Kang showed the media old photos of the NGO operators Kanwar Rajinder Singh and Kanwar Pal Singh with Rahul Gandhi and then-Chief Minister Captain Amarinder Singh, highlighting their longstanding ties with the Congress party.

Australian Prime Minister Anthony Albanese on Tuesday stated that his government is "open to consideration" of the country's involvement in any peacekeeping process in Ukraine.

Addressing a press conference in Sydney, PM Albanese said, "Australia stands ready to assist Ukraine. We have contributed $1.5 billion with $1.3 billion for military assistance directly. There is discussion at the moment about potential peacekeeping. And from my government's perspective, we are open to consideration of any proposals going forward."

"With regard to the United States, the US is an important ally of Australia. That remains the case since an alliance between our nations. With regard to Australia's foreign policy, Australia determines our foreign policy. We do it in Australia's national interest, and it is in Australia's national interest to stand with Ukraine. And that's what my Government is doing," he further added.

A youth on Tuesday allegedly killed his father, mother and sister over a family dispute in Odisha's Jagatsinghpur district on Tuesday.

The accused has been identified as 22-year-old Surykanta Sethi of Dhoba Sahi of Jayagada village.

"Suryakanta killed his father Prasanta Sethi alias Kalia, mother Kanakalata Sethi and sister Mamali Sethi by hitting their head with either a stone or an iron object. The Inspector in charge of the Sadar police station and team launched an investigation after reaching the crime spot in the morning. The accused has also been nabbed. It seems he has some mental health issues," said Bhawani Sankar Udgata, the Jagatsinghpur Superintendent of Police.

One of the villagers, who informed the police about the ghastly incident, told media persons that Suryakanta on Tuesday came to his house and informed him about killing his parents and sister. The villagers rushed to his house where the bodies of deceased persons were found in a pool of blood.

LG Group Chairman Koo Kwang-mo visited India as part of the company's broader strategies to seek new growth opportunities in the populous South Asian country, the company said on Tuesday.

During his four-day stay in India, Koo met with employees and business leaders to evaluate the company's competitiveness across the value chain, from research and development (R&D) to manufacturing and distribution, according to LG Group.

While touring LG Electronics Inc.'s production facilities in New Delhi and LG Soft India, LG's largest overseas software research centre in Bengaluru, Koo emphasized the importance of the Indian market in LG's long-term vision, reports news agency.

He described the country as a key player in driving the company's "second leap" in a rapidly changing era and strengthening its presence.

The notification regarding implementation of 6th Pay Commission, endorsed to private-aided colleges of Chandigarh, has sent a wave of relief among the non-teaching staff of aided colleges in Chandigarh. Diwakar Tiwari, President, Non Teaching Staff Union of all Government aided colleges UT Chandigarh, said that "The non-teaching fraternity expresses deep gratitude to worthy Director of Higher Education, Chandigarh Administration for his generous support to the cause of the non-teaching staff of aided colleges".

The Faculty of Engineering Technology and Computing, Department of Business Management & Commerce, and the Faculty of Agriculture and Life Sciences, in association with the IQAC, Desh Bhagat University, Mandi Gobindgarh, Punjab, organized a two-day International Conference on "Novel Opportunities Ventures, Advances in Management, Engineering, and Science (INNOVAMES-2K25)" through a hybrid mode. The conference aimed to bring together researchers, practitioners, and industry leaders to discuss the latest advances and innovations in various fields. 

While a clear bullish trigger is yet to emerge, historical patterns, technical indicators, and sectoral valuations suggest that the Indian market is nearing a medium-term bottom, a report showed on Tuesday.

Therefore, "we would advise investors to allocate some long-term money between 21,700-22,000", said Axis Securities in its 'India Equities Exclusive Report'.

"While most of us can’t catch the exact top and bottom, prudent investing is about cashing in on opportunities, especially when sentiment is so one-sided. One such opportunity is now," the report mentioned.

Valuations across sectors are below their one-year and five-year averages, indicating pockets of potential opportunities for long-term investors.

Shares of Reliance Industries Limited continued to slide on Tuesday, following a ruling from the Delhi High Court that reversed a previous judgment.

Amid the legal uncertainty, the company’s shares dropped by as much as 1 per cent, reaching Rs 1,159.55 per share during the intra-day trade.

This ruling concerns an arbitral award won by Reliance, along with BP Exploration (Alpha) Limited and NIKO (NECO) Limited, in a dispute with the government over alleged gas migration from ONGC’s blocks in the KG-D6 area.

In the original case, the government accused the consortium of causing gas migration, which led to a demand for compensation of $1.55 billion.

On May 9, 2023, a single-judge bench of the Delhi High Court dismissed the government's appeal, upholding the arbitral award in favour of the consortium.

A family staying at a resort in the Bandipur of Karnataka's Chamrajnagar district has mysteriously disappeared into the woods, police said on Tuesday.

The missing persons have been identified as 40-year-old J. Nishanth from Bengaluru, his wife Chandana and their 10-year-old son.

According to Gundlupet Police, the family checked into the Country Club near Bandipur on March 2 and went missing the next day.

The family left the luggage in the resort's room, went out in a car and never returned. The police stated that the family had travelled in their car to Mangala Road in the Bandipur forest area and disappeared from there. The police have lodged a missing case.