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Changes have been made to the traffic light operation at the intersection of Fitrat and Geidar Aliyev streets in Tashkent, increasing the duration of the 'green' signal for more effective passage of traffic flows.

Specialists from the Center for Road Traffic Organization (TSODD) analyzed the traffic situation and identified the direction with the highest concentration of vehicles, based on which the decision was made to increase the green light time specifically for this direction.

Before the adjustments, the first phase of the traffic light cycle lasted 35 seconds, and the second lasted 28 seconds; now the most congested direction receives a 60-second green signal. Additionally, the stopping point for oncoming traffic was adjusted, allowing drivers to complete turns more safely and clear the intersection faster, enabling one cycle to pass more vehicles.

According to TSODD data, these modifications have already yielded positive results: daytime queues have become noticeably shorter, and the time to pass through the intersection has been reduced to two minutes. Nevertheless, the functioning of the intersection is affected by a nearby railway crossing; during train passage, traffic is temporarily suspended, which may cause brief queue formation.

TSODD intends to continue monitoring traffic flows and plans to conduct separate tuning of the traffic light operation for morning and evening rush hours. The next step is to integrate neighboring intersections into a unified 'green wave' system, which will allow drivers traveling at a set speed to encounter a green light more often and stop less frequently.

Previously, the 'green wave' system was expanded by connecting another section of the Small Ring Road, after which the travel time on this section decreased by almost half.

On August 12, the announcement of financial results for the first quarter of the fiscal year 2027 (Q1FY27) is scheduled from a number of major companies. Among them are Tata Motors, Grasim Industries, Hindustan Aeronautics Ltd, Apollo Hospitals Enterprise, Abbott India, Astral, Petronet LNG, Sun TV Network, GMR Airports, EID Parry India, Jyothy Labs, and Titagarh Rail Systems.

Today, reports on earnings will also be presented by firms such as VA Tech Wabag, Caplin Point Laboratories, Sudarshan Chemical Industries, Lenskart Solutions, AIA Engineering, Balu Forge Industries, Marksans Pharma, Ircon International, Gujarat State Fertilizers & Chemicals, Fiem Industries, Indo Count Industries, HG Infra Engineering, Sansera Engineering, KRN Heat Exchanger and Refrigeration, EMS, Shriram Properties, Shalimar Paints, Vesuvius India, Goodyear India, Gujarat Pipavav Port, DCX Systems, Mishra Dhatu Nigam, National Fertilizers, Orient Technologies, Radiant Cash Management Services, Schneider Electric President Systems, and Somany Ceramics.

Key highlights from Siemens' first quarter report

Siemens Ltd reported an 18 percent decrease in net profit, amounting to 343 crore rupees for the June quarter. This decline was attributed to volatility in commodity prices and currency fluctuations, as well as increased material costs, which negatively impacted profitability.

However, operating revenue grew to 4,714 crore rupees compared to 4,108 crore rupees the previous year. Furthermore, the volume of new orders increased to 6,328 crore rupees, showing growth compared to 5,431 crore rupees in the last quarter.

Market overview for August 12

The GIFT Nifty indicator signaled a possible moderate start to domestic stock trading on Wednesday. Futures traded six points higher, reaching 24,547, as investors awaited US July Consumer Price Index data.

Asian markets showed mixed performance after the US stock market closed lower the previous day. The South Korean Kospi index rose by 1.94 percent, while the Hong Kong Hang Seng index fell by 1.10 percent. The Dow Jones Industrial Average dropped by 0.34 percent, the S&P 500 fell by 0.32 percent, and the Nasdaq Composite corrected by 0.6 percent.

Oil prices continued to rise amid a stalemate regarding the Strait of Hormuz deal. August futures rose by 0.72 percent, reaching $89.55 per barrel, approaching the $90 mark.