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Last updated on 3 Aug,2025 11:39 AM
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Refresh- India aghast at Donald Trump’s ‘dead’ economy jibe, 25% tariffsIndia is facing shock and dismay after the US imposed a surprise 25% tariff, with businesses and policymakers assessing the impact. Trump's remarks on India's trade barriers and alignment with Russia have sparked criticism and concern. While India weighs its options, businesses fear squeezed profit margins and potential job cuts, hoping for improved negotiations.
- Constitution under siege, BJP doing ideological coup to replace republic with theocratic state: Sonia GandhiSonia Gandhi asserted that the Constitution is endangered, accusing the BJP of dismantling its framework and aiming for an ideological coup. She alleged the BJP seeks to replace the democratic republic with a theocratic corporate state, favoring a powerful few.
- Indian Oil refiners continue to source oil from RussiaSources reveal that Indian oil refiners continue to procure oil from Russia, driven by economic factors and adherence to international norms. Despite global concerns and price volatility, India's strategic sourcing has ensured affordable energy and market stability. While adhering to international frameworks, India's approach has contributed to global energy stability.
- India on path to becoming third-largest economy, must remain alert to own economic priorities: PM ModiAmid global economic instability, Prime Minister Modi asserted India's ambition to become the world's third-largest economy, emphasizing the need to prioritize national economic interests and promote 'Swadeshi' goods. This call comes in response to US President Trump's criticism of India's economy and the imposition of tariffs, highlighting trade tensions and India's commitment to self-reliance.
- US-Russia-India tensions could spark crude oil prices to touch $80 per barrelOil market experts predict Brent crude oil prices will likely surge to USD 80 per barrel due to escalating US-Russia tensions threatening global oil supplies. Potential sanctions and tariffs on countries trading with Russia, initiated by the US, could further inflate prices. Disruptions in Russian oil flow could push prices even higher, potentially reaching USD 100-120 per barrel.
- It's Trump's economy now. The latest US financial numbers offer some warning signsPresident Trump's economic policies, including tariffs and tax cuts, are facing scrutiny as indicators suggest a slowdown. Job growth is dwindling, inflation is rising, and GDP growth has slowed, raising concerns about Trump's promise of a "golden age.
- India reportedly halting Russian oil would be 'a good step', says Trump, as New Delhi defends energy securityUS President Donald Trump suggested India might halt Russian oil purchases, calling it a positive step. However, India defended its right to formulate energy policies based on national interests and market dynamics. Amidst this, the US imposed tariffs on Indian goods, citing high tariffs imposed by India, even as trade negotiations continue between the two nations.
- Convicted former MP Prajwal Revanna sentenced to life imprisonment in rape casePrajwal Revanna, grandson of HD Devegowda, received a life sentence from a special court on Saturday after being convicted in a rape case. The suspended JD(S) leader, facing multiple allegations, claimed innocence, attributing his predicament to rapid political ascent. He argued the victim's delayed complaint and the absence of voluntary testimonies, pleading for leniency while emphasizing his family's distress.
- No formal discussion on F-35 fighter jets with US: Centre tells ParliamentKirti Vardhan Singh informed the Lok Sabha that India and the US haven't formally discussed F-35 fighter jets. This statement came in response to questions about military assistance. Singh also clarified that discussions to end hostilities between India and Pakistan occurred directly, initiated by Pakistan. India emphasizes bilateral talks with Pakistan and values its strategic autonomy.
- Rohan Jaitley fact-checks Rahul Gandhi over claim that late Arun Jaitley 'threatened' him for opposing farm lawsRahul Gandhi alleged that Arun Jaitley threatened him during the 2020 farm law protests. Rohan Jaitley, Arun Jaitley's son, refuted this claim. He pointed out that his father passed away in 2019, before the laws were introduced. Rohan Jaitley called the claim factually inaccurate and disrespectful.
- Trump tariffs rake in big money, but who is paying?Donald Trump's tariffs are impacting global trade. American firms pay the tariffs on imported goods. This increases costs, affecting consumers. Despite this, foreign exporters face reduced sales. They also experience instability in supply chains. The tariffs create uncertainty for international businesses. These businesses may delay investments and relocate operations. The long-term business relationships are also undermined.
- Move over China: iPhones for America now mostly assembled in India, confirms Apple CEO Tim CookApple CEO Tim Cook confirmed a significant shift in their supply chain, stating that most iPhones sold in the US are now manufactured in India. While China primarily produces for international markets, Vietnam is the main source for MacBooks, iPads, and Apple Watches.
- From shopfloor to C-suite: Mahindra offers Diwali Esops to 14,000 employeesMahindra Group has announced a one-time employee stock ownership plan. This plan includes shop floor workers for the first time. The Esop grant covers 12,000 to 14,000 employees across three core companies. This decision comes amid rising sales and profits. The company aims to reward long-term contributions and align employees with value creation.
- Tibet's Yarlung Zangbo Dam: China's new tool for environmental destruction, Brahmaputra dominationChina has commenced construction on the Motuo Hydropower Station in Tibet, raising concerns in South Asia. The project, estimated at USD 170 billion, could give Beijing control over the Brahmaputra River, impacting millions downstream. India and Bangladesh have voiced concerns about potential water weaponization and ecological damage, while activists decry exploitation.
- India to decline F-35 fighter jet deal after Trump's 25% tariff salvo, claims reportIndia has firmly rejected a US pitch to purchase F-35 fighter jets, opting instead for joint defence production under its Make in India plan. The decision comes as President Donald Trump announces a 25 percent tariff on Indian goods starting 1 August, triggering concern in New Delhi. While India won’t retaliate immediately, it is exploring increased imports of US goods like gas and electronics.
- Bihar Polls: RJD leader Tejashwi Yadav claims his name deleted from electoral roll after SIR update, ECI clarifiesRashtriya Janata Dal leader Tejashwi Yadav says his name is missing from the voter list. This follows the Election Commission's revision in Bihar. The commission released draft electoral rolls, listing 7.24 crore voters. However, it removed over 65 lakh names, citing deaths or migration. The RJD party wants assembly segment-wise data.
- Overturning the global trade system, Trump puts his ideas to the testPresident Trump's implementation of significant tariffs on numerous nations marks a departure from the established global trade framework. These tariffs, varying from 10% to 50%, aim to reshape trade dynamics, potentially benefiting American industries while facing criticism for isolating the U.S. and raising consumer prices.
- EC ignores Rahul Gandhi's 'atom bomb' remarks on vote theft, says 'baseless allegations' made dailyThe Election Commission of India refuted allegations made by Congress leader Rahul Gandhi, who accused the EC of vote theft in favor of the BJP, presenting what he called '100% proof' after a six-month investigation. The EC dismissed these accusations as baseless and reaffirmed its commitment to impartiality and transparency, urging officials to disregard irresponsible statements.
- A three-part deal with US can be explored; India unlikely to eliminate all tariffs on American exports: Sunil SubramaniamMarket expert Sunil Subramaniam suggests India's mature response to US trade concerns, emphasizing ongoing negotiations and prioritizing domestic interests. Despite initial market jitters and FII selling, domestic institutional investors capitalized on corrections, buying quality stocks. Subramaniam anticipates a phased trade deal, focusing on tariff parity and energy imports, but acknowledges India's limited capacity for large-scale US investments, unlike Japan.
- 8th Pay Commission: What Rs 3 lakh crore boost for government employees mean for stock market investorsIndia's upcoming 8th Pay Commission is projected to inject Rs 3-3.15 lakh crore into the economy in 2026, benefiting 11.2 million employees and pensioners. This substantial payout is expected to boost consumption, particularly in sectors like passenger vehicles, BFSI, and consumer durables. Increased savings could also drive significant inflows into the stock market.
- India aghast at Donald Trump’s ‘dead’ economy jibe, 25% tariffsIndia is facing shock and dismay after the US imposed a surprise 25% tariff, with businesses and policymakers assessing the impact. Trump's remarks on India's trade barriers and alignment with Russia have sparked criticism and concern. While India weighs its options, businesses fear squeezed profit margins and potential job cuts, hoping for improved negotiations.
- How Moscow might respond if Trump stops Russian oil to IndiaPresident Trump's demand for India to cease Russian oil imports threatens Russian revenues, potentially triggering retaliation by halting the U.S.-led CPC pipeline. India, a major buyer of Russian oil since 2022, faces tariffs if it continues purchases, prompting state refineries to pause orders. This disruption could lead to a global supply crisis and higher oil prices.
- White House announces 25% tariff on India, releases list of levies for several countriesPresident Trump announced a 25% tariff on India, effective August 7th, citing trade imbalances and India's ties with Russia, including military equipment and energy purchases. This action is part of a broader move imposing tariffs on nearly 70 nations, with rates varying from 10% to 40%. Trump also criticized India's membership in BRICS, viewing it as an anti-US grouping.
- Trump's aide calls India's Russian oil buys 'a point of irritation'US Secretary of State Marco Rubio expressed Washington's frustration over India's continued purchase of Russian oil, stating it supports Moscow's war efforts in Ukraine and strains the US-India relationship. Despite India's energy needs and the discounted price of Russian oil due to sanctions, Rubio highlighted that this trade helps fund the ongoing conflict.
- Trump's tariffs are set to hurt US more than India, SBI Research notesWhile the US tariffs on Indian exports are set to reshape trade dynamics, the long-term consequences for both economies will depend on how each country adapts to this new economic landscape, SBI Research said in a report.
- TACO trade or duck for cover? How Sensex, Nifty traders should play Trump tariff tantrumFollowing Trump's tariff announcement, Indian traders are divided. Some are betting on Trump softening his stance, while others fear the impact on India's safe haven status. Experts suggest key sectors like IT, consumption, and financials remain strong. However, concerns linger about potential capital outflows and the impact on specific sectors like pharma and auto ancillaries.
- Trump unleashes new tariffs on 69 countries, set to take effect in 7 days: Full list and detailsTrump Tariff News: US President Donald Trump has imposed sweeping new tariffs on 69 countries, citing trade imbalances and national security concerns. Set to take effect on 7 August, the tariffs range from 10% to 50%. India, Canada, and Brazil face some of the highest rates, while countries like South Korea and the EU managed reduced deals.
- India refuses to play 'dead economy'. Will Trump back off?In response to U.S. tariffs and disparaging remarks, India has asserted its stance on trade negotiations. Commerce Minister Piyush Goyal emphasized India's commitment to protecting its stakeholders and refusing deals under pressure. India seeks trade partnerships based on fairness and mutual respect, signaling a shift towards a more assertive role in global trade, challenging the U.S. approach.
- Constitution under siege, BJP doing ideological coup to replace republic with theocratic state: Sonia GandhiSonia Gandhi asserted that the Constitution is endangered, accusing the BJP of dismantling its framework and aiming for an ideological coup. She alleged the BJP seeks to replace the democratic republic with a theocratic corporate state, favoring a powerful few.
- Trump tariffs rake in big money, but who is paying?Donald Trump's tariffs are impacting global trade. American firms pay the tariffs on imported goods. This increases costs, affecting consumers. Despite this, foreign exporters face reduced sales. They also experience instability in supply chains. The tariffs create uncertainty for international businesses. These businesses may delay investments and relocate operations. The long-term business relationships are also undermined.
- Rs 27,000 crore gone in 9 days! 3 reasons why FIIs are selling Indian stocks non-stopForeign investors have aggressively sold Indian stocks for nine consecutive days, withdrawing a staggering Rs 27,000 crore due to disappointing Q1 earnings, Trump's tariffs, and a strong dollar. This exodus intensified after the tariff announcement, shaking investor confidence.
- EC ignores Rahul Gandhi's 'atom bomb' remarks on vote theft, says 'baseless allegations' made dailyThe Election Commission of India refuted allegations made by Congress leader Rahul Gandhi, who accused the EC of vote theft in favor of the BJP, presenting what he called '100% proof' after a six-month investigation. The EC dismissed these accusations as baseless and reaffirmed its commitment to impartiality and transparency, urging officials to disregard irresponsible statements.
- Why has India vowed to protect its farmers in the face of tariff threats?Amidst stalled negotiations over agricultural market access, the U.S. imposed tariffs on Indian goods. India resists opening its market to U.S. products like GM corn and dairy due to concerns about health, environmental impacts, and protecting local farmers' livelihoods. Allowing U.S. ethanol imports would also undermine India's biofuel program and potentially anger farmers.
- Indian Oil refiners continue to source oil from RussiaSources reveal that Indian oil refiners continue to procure oil from Russia, driven by economic factors and adherence to international norms. Despite global concerns and price volatility, India's strategic sourcing has ensured affordable energy and market stability. While adhering to international frameworks, India's approach has contributed to global energy stability.
- It's Trump's economy now. The latest US financial numbers offer some warning signsPresident Trump's economic policies, including tariffs and tax cuts, are facing scrutiny as indicators suggest a slowdown. Job growth is dwindling, inflation is rising, and GDP growth has slowed, raising concerns about Trump's promise of a "golden age.
- Trade with Trump is about his local political interests and little about strategic tiesThe United States, under President Trump, is prioritizing its domestic interests in trade negotiations. This approach is creating friction with India. Trade talks are stalled over issues like soya imports and tariffs. Trump's focus on his support base and disregard for strategic considerations complicate matters. Despite trade tensions, other aspects of the US-India relationship remain strong. Future negotiations are uncertain.
- India on path to becoming third-largest economy, must remain alert to own economic priorities: PM ModiAmid global economic instability, Prime Minister Modi asserted India's ambition to become the world's third-largest economy, emphasizing the need to prioritize national economic interests and promote 'Swadeshi' goods. This call comes in response to US President Trump's criticism of India's economy and the imposition of tariffs, highlighting trade tensions and India's commitment to self-reliance.
- Convicted former MP Prajwal Revanna sentenced to life imprisonment in rape casePrajwal Revanna, grandson of HD Devegowda, received a life sentence from a special court on Saturday after being convicted in a rape case. The suspended JD(S) leader, facing multiple allegations, claimed innocence, attributing his predicament to rapid political ascent. He argued the victim's delayed complaint and the absence of voluntary testimonies, pleading for leniency while emphasizing his family's distress.
- Jane Street not co-operating with India's taxman in ongoing probeJane Street, a US-based trading firm, is reportedly not cooperating with India's Income Tax probe, with key servers and account books located abroad. The company has minimal presence in India, further hampering the investigation. SEBI previously accused Jane Street of market manipulation and ordered a ₹4,843 crore deposit. Trading resumed after payment, but restrictions on fraudulent practices remain in place.
- US-Russia-India tensions could spark crude oil prices to touch $80 per barrelOil market experts predict Brent crude oil prices will likely surge to USD 80 per barrel due to escalating US-Russia tensions threatening global oil supplies. Potential sanctions and tariffs on countries trading with Russia, initiated by the US, could further inflate prices. Disruptions in Russian oil flow could push prices even higher, potentially reaching USD 100-120 per barrel.
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