China's counter-surveillance industry booms amid heightened espionage fears | Gravitas

Navratri 2026: 9 days, 9 forms of Goddess Durga and 9 colours- Check the complete list

Trump accuses Houthis of driving up oil prices before US midterms, warns of consequences

Russian woman and Bihar boy's love story goes viral after she reaches India to marry him

US Midterms 2026: In Alaska, cost-of-living anxiety meets strangest ballot in high-stakes Senate race

Arijit Singh 9-city India stadium tour to start from January: Check venue and ticket prices

F1 set to return to Africa for first time since 1993 

'Don't ever mess with nature!': Trump’s tiger attack post triggers social media backlash as victim's family issues heartbreaking tribute

CMs Vijay-Naidu meet in Vijayawada, discuss water sharing, river-linking

Air India Flight from Frankfurt diverted to Jaipur after hijack alert, probe on

1,500 drones illuminate Mumbai sky as Cordelia Cruises unveils second ship, Cordelia Sky

Delhi Police arrest Cockroach Janta Party's Saurav Das, Ashutosh Ranka, Ajinkya Shinde in Jantar Mantar case, to be produced before court

Pakistan to chair UN-backed global Borrowers’ Platform as its own debt burden mounts, triggers sarcastic reactions on social media

France accuses Musk of ‘online harassment’ of European leaders, warns of poll interference

'Turn approver, resign, we'll forgive you': Rahul Gandhi claims receiving messages from CEC Gyanesh Kumar

MI5 chief warns Russia is UK’s ‘aggressor number one’ as Iran and AI threats grow

Trump reconsidering calling off Nidal Hasan's execution livestream. Here's why

‘My president, I mean my husband’: Trump's new press secretary Katie Zacharia's first briefing goes off the rails in 14 minutes

‘How many people did she illegally bring from Somalia?’ Trump targets Ilhan Omar, questions her net worth

Marco Rubio to visit India next week, focus on energy cooperation and strategic ties

US politicians mistakenly use Indian, Russian warship images for Navy's birthday posts

'Ouch!!! That must hurt': Kangana Ranaut hails Kamal Haasan's sharp reply to Elon Musk over Starlink row

Girl 'dead' for 8 hours wakes up at her own funeral, dad insists she wasn't breathing

Sidhu Moose Wala’s younger brother wins hearts by recreating late singer’s signature move at Toronto Hologram Show

UK school ditches technology, shifts from screen to pen and paper for learning

Durga Puja 2026: Kolkata roads get a splash of colours

New OTT releases this week (October 12-18, 2026): Sacrifice, Koffee with Karan S9, Roadies Rebirth- 6 titles coming on Netflix, JioHotstar and more

Inside Aneet Padda's 24th birthday bash with rumoured boyfriend Ahaan Panday and Alia Bhatt

New Cold War: Why is China buying more gold? Explained

Netanyahu wants to join Saudi's war on Houthis, but Crown Prince denies: Report

Anupam Kher joins Ranbir Kapoor's Ramayana as Jatayu, new poster unveiled

Measles kills again: 6 dead in Pennsylvania as America faces its worst outbreak in decades | Gravitas

CJP slams 'Coward Sarkar' as Saurav Das, Ashutosh Ranka sent to 5 days' judicial custody over Jantar Mantar protest

Cornell University suspends fraternity parties over 2024 gang rape allegations

A day after Donald Trump's tariff on Indian exports to the United States took effect, Maruti Suzuki India (MSIL) Chairman RC Bhargava said on Thursday that India must not submit to bullying. During the company’s annual general meeting, he said it is the duty of the people as Indians to support the government and not give in to any kind of bullying. He called for unity.&nbsp;RC Bhargava called for maintaining the dignity and respect of the nation in the face of the tariff.&nbsp;"I believe it is our duty as Indians to do our very best to support the government and maintain our dignity and respect, and not give in to any kind of bullying in this matter. The nation has to stand united at this point," he was quoted as saying by Business Standard.&nbsp;Donald Trump's 50 percent tariffs took effect on Wednesday, jeopardizing thousands of jobs and many sectors, including textiles, gems, and jewelry.&nbsp;The Indian stock markets reacted adversely to the tariffs on Thursday.&nbsp;Experts believe&nbsp;that the central government's proposal to bring in GST reforms by slashing the 28 per cent and 12 per cent slabs may improve investor sentiment in the coming days. The GST Council meeting is scheduled on September 4, where the matter might be discussed. The Group of Ministers has already approved the proposal.&nbsp;Bhargava said that he hopes that the GST Council approval may revive the flagging small car market.&nbsp;"My hope and my expectation is that, subject to approvals by the GST Council, we will see a revival of the small car market, overall faster growth of the car industry, more industrial activity, and larger generation of employment opportunities," he added.&nbsp;Donald Trump imposed the tariff as a penalty for buying Russian oil and weapons. New Delhi says that by discounted oil, it is doing what's best for its people.

A day after Donald Trump's tariff on Indian exports to the United States took effect, Maruti Suzuki India (MSIL) Chairman RC Bhargava said on Thursday that India must not submit to bullying. 

A day after Donald Trump's tariff on Indian exports to the United States took effect, Maruti Suzuki India (MSIL) Chairman RC Bhargava said on Thursday that India must not submit to bullying. During the company’s annual general meeting, he said it is the duty of the people as Indians to support the government and not give in to any kind of bullying. He called for unity. RC Bhargava called for maintaining the dignity and respect of the nation in the face of the tariff. "I believe it is our duty as Indians to do our very best to support the government and maintain our dignity and respect, and not give in to any kind of bullying in this matter. The nation has to stand united at this point," he was quoted as saying by Business Standard. Donald Trump's 50 percent tariffs took effect on Wednesday, jeopardizing thousands of jobs and many sectors, including textiles, gems, and jewelry. The Indian stock markets reacted adversely to the tariffs on Thursday. Experts believe that the central government's proposal to bring in GST reforms by slashing the 28 per cent and 12 per cent slabs may improve investor sentiment in the coming days. The GST Council meeting is scheduled on September 4, where the matter might be discussed. The Group of Ministers has already approved the proposal. Bhargava said that he hopes that the GST Council approval may revive the flagging small car market. "My hope and my expectation is that, subject to approvals by the GST Council, we will see a revival of the small car market, overall faster growth of the car industry, more industrial activity, and larger generation of employment opportunities," he added. Donald Trump imposed the tariff as a penalty for buying Russian oil and weapons. New Delhi says that by discounted oil, it is doing what's best for its people.

Donald Trump's tariffs on India: RC Bhargava said that he hopes that the GST Council approval may revive the flagging small car market.

Maruti Suzuki India chairman backs Centre over Trump tariff: 'Don't give in to...'

A day after Donald Trump's 50 percent tariff on Indian exports took effect, the stock markets opened in the red on Thursday, with both the Nifty and BSE Sensex remaining under pressure. By 12 noon, the Sensex had fallen over 300 points, and Nifty was below the 24650 mark. Why did the Sensex and Nifty tank?&nbsp;According to market experts, the immediate impact of Donald Trump's tariffs has shaken investor confidence. However, the upcoming GST reform might bring some relief in the future.&nbsp;Ajay Bagga, banking and market expert, said the negative sentiment is weighing on the investors' minds as of now. However, the GST Council meeting on September 4 may help boost the sentiment.&nbsp;"Today, being the monthly expiry and the tariff implementation day after, expect negative sentiment to continue. However, with 12 months of underperformance, Indian markets are setting up for better days ahead. That might be after another sharp cut or could start with the GST Council meet outcome on September 4," he told ANI.&nbsp;He also attributed the current volatility to geopolitics.&nbsp;"Tariffs happened, truce did not. The US is calling Ukraine 'Modi's War' while the Treasury Secretary is talking of an eventual agreement with India. Conflicting signals from within the Trump administration are adding to the policy chaos. Democrats in the US are calling Trump's sanctions on India a self-goal," he added.&nbsp;In early trade, HCL Technologies, HDFC Bank, Sun Pharmaceutical, and Bharat Electronics Declined. Eternal, Asian Paints, Maruti Suzuki, and Titan gained.&nbsp;However, it is expected that the market might recover in the coming days if it views tariffs as a short-term aberration.&nbsp;Donald Trump has imposed tariffs on India because New Delhi has been buying Russian oil and weapons. The Trump administration accuses India of funding the Russian war in Ukraine by providing Moscow with financial help through buying discounted oil.

A day after Donald Trump's 50 percent tariff on Indian exports took effect, the stock markets opened in the red on Thursday, with both the Nifty and BSE Sensex remaining under pressure.

A day after Donald Trump's 50 percent tariff on Indian exports took effect, the stock markets opened in the red on Thursday, with both the Nifty and BSE Sensex remaining under pressure. By 12 noon, the Sensex had fallen over 300 points, and Nifty was below the 24650 mark. Why did the Sensex and Nifty tank? According to market experts, the immediate impact of Donald Trump's tariffs has shaken investor confidence. However, the upcoming GST reform might bring some relief in the future. Ajay Bagga, banking and market expert, said the negative sentiment is weighing on the investors' minds as of now. However, the GST Council meeting on September 4 may help boost the sentiment. "Today, being the monthly expiry and the tariff implementation day after, expect negative sentiment to continue. However, with 12 months of underperformance, Indian markets are setting up for better days ahead. That might be after another sharp cut or could start with the GST Council meet outcome on September 4," he told ANI. He also attributed the current volatility to geopolitics. "Tariffs happened, truce did not. The US is calling Ukraine 'Modi's War' while the Treasury Secretary is talking of an eventual agreement with India. Conflicting signals from within the Trump administration are adding to the policy chaos. Democrats in the US are calling Trump's sanctions on India a self-goal," he added. In early trade, HCL Technologies, HDFC Bank, Sun Pharmaceutical, and Bharat Electronics Declined. Eternal, Asian Paints, Maruti Suzuki, and Titan gained. However, it is expected that the market might recover in the coming days if it views tariffs as a short-term aberration. Donald Trump has imposed tariffs on India because New Delhi has been buying Russian oil and weapons. The Trump administration accuses India of funding the Russian war in Ukraine by providing Moscow with financial help through buying discounted oil.

Sensex and Nifty news: In early trade, HCL Technologies, HDFC Bank, Sun Pharmaceutical, and Bharat Electronics Declined. Eternal, Asian Paints, Maruti Suzuki, and Titan gained.

Why did Sensex and Nifty fall today? Here's what the expert says

New Delhi: India may become the world's second-largest economy in purchasing power parity (PPP) terms by 2038, with a projected GDP of USD 34.2 trillion, according to a report by EY. This assertion by the EY is based on IMF projections.&nbsp;Among the largest economies, India stands out with a median age of 28.8 years in 2025, the second-highest savings rate, and a government debt-to-GDP ratio projected to decline from 81.3 per cent in 2024 to 75.8 per cent by 2030, unlike its peers, where debt levels are rising.&nbsp;Citing an IMF report, EY said India's economy could reach USD 20.7 trillion (PPP) by 2030. Compared to the US, China, Germany, and Japan, India is uniquely placed, it asserted.&nbsp;"While China leads in overall size with a projected USD 42.2 trillion economy (PPP) by 2030, its ageing population and rising debt are challenges. The US remains strong but faces high debt levels exceeding 120 per cent of GDP and slower growth rates. Germany and Japan, though advanced, are constrained by high median ages and heavy reliance on global trade," said EY in a statement.&nbsp;In contrast, India combines youthful demographics, rising domestic demand, and a sustainable fiscal outlook, giving it the most favourable long-term growth trajectory.&nbsp;DK Srivastava, Chief Policy Advisor, EY India, said, “India's comparative strengths, its young and skilled workforce, robust saving and investment rates, and relatively sustainable debt profile will help sustain high growth even in a volatile global environment. By building resilience and advancing capabilities in critical technologies, India is well-placed to move closer to its Viksit Bharat aspirations by 2047.”&nbsp;India's trajectory is reinforced not just by demographics but also by structural reforms and resilient fundamentals.&nbsp;High saving and investment rates are fueling capital formation, while fiscal consolidation is improving sustainability. Reforms such as GST, IBC, financial inclusion through UPI, and production-linked incentives are strengthening competitiveness across industries, EY said.&nbsp;At the same time, public investment in infrastructure and adoption of emerging technologies like AI, semiconductors, and renewable energy are setting the stage for long-term resilience.&nbsp;India is also projected to become the third-largest economy in market exchange rate terms by 2028, overtaking Germany.&nbsp;"While US tariffs may affect nearly 0.9 per cent of India's GDP, their impact on GDP growth can be contained to just 0.1 percentage point with appropriate countermeasures like export diversification, stronger domestic demand, and advancing trade partnerships," EY said.

India may become the world's second-largest economy in purchasing power parity (PPP) terms by 2038, with a projected GDP of USD 34.2 trillion, according to a report by EY. This assertion by the EY is based on IMF projections.

New Delhi: India may become the world's second-largest economy in purchasing power parity (PPP) terms by 2038, with a projected GDP of USD 34.2 trillion, according to a report by EY. This assertion by the EY is based on IMF projections. Among the largest economies, India stands out with a median age of 28.8 years in 2025, the second-highest savings rate, and a government debt-to-GDP ratio projected to decline from 81.3 per cent in 2024 to 75.8 per cent by 2030, unlike its peers, where debt levels are rising. Citing an IMF report, EY said India's economy could reach USD 20.7 trillion (PPP) by 2030. Compared to the US, China, Germany, and Japan, India is uniquely placed, it asserted. "While China leads in overall size with a projected USD 42.2 trillion economy (PPP) by 2030, its ageing population and rising debt are challenges. The US remains strong but faces high debt levels exceeding 120 per cent of GDP and slower growth rates. Germany and Japan, though advanced, are constrained by high median ages and heavy reliance on global trade," said EY in a statement. In contrast, India combines youthful demographics, rising domestic demand, and a sustainable fiscal outlook, giving it the most favourable long-term growth trajectory. DK Srivastava, Chief Policy Advisor, EY India, said, “India's comparative strengths, its young and skilled workforce, robust saving and investment rates, and relatively sustainable debt profile will help sustain high growth even in a volatile global environment. By building resilience and advancing capabilities in critical technologies, India is well-placed to move closer to its Viksit Bharat aspirations by 2047.” India's trajectory is reinforced not just by demographics but also by structural reforms and resilient fundamentals. High saving and investment rates are fueling capital formation, while fiscal consolidation is improving sustainability. Reforms such as GST, IBC, financial inclusion through UPI, and production-linked incentives are strengthening competitiveness across industries, EY said. At the same time, public investment in infrastructure and adoption of emerging technologies like AI, semiconductors, and renewable energy are setting the stage for long-term resilience. India is also projected to become the third-largest economy in market exchange rate terms by 2028, overtaking Germany. "While US tariffs may affect nearly 0.9 per cent of India's GDP, their impact on GDP growth can be contained to just 0.1 percentage point with appropriate countermeasures like export diversification, stronger domestic demand, and advancing trade partnerships," EY said.

Among the largest economies, India stands out with a median age of 28.8 years in 2025, the second-highest savings rate.

When will India become world's second-largest economy? Report makes big claim

Global Trade Research Initiative, a think tank founded by Ajay Srivastava, said that India can increase domestic consumption to offset the loss of trade to the United States due to Donald Trump's tariffs. Trump's additional tariff took effect today in India, jeopardising lakhs of jobs and several economic sectors, including textile&nbsp;and jewelry.&nbsp;Srivastava said that India's exports are worth only 20 percent of the economy. He said the Indian economy is big enough to absorb&nbsp;the tariff shock.&nbsp;"We have two broad options. One, the bigger option is local markets. Our exports are just 20 per cent of the Indian economy, and the Indian market is very big. It absorbs 80 per cent of Indian production, and there is scope for further absorption of this because the Indian economy is growing at 6 to 7 per cent annually," Srivastava said.&nbsp;"Domestic consumption can happily absorb some of the shocks," he added.&nbsp;He said India can also opt for a second measure - exploring other avenues for its exports.&nbsp;"And for this, the government is making an effort to expedite FTAs with the European Union. And we have already signed an agreement with the UK. So efforts are on to implement that quickly. A few more FTAs, like with Peru and other countries, are on the line," he stated.&nbsp;The Indian government is already trying to boost domestic consumption. It is mulling over slashing the 12 per cent and 28 per cent GST slabs from the regime and placing the goods and services in these slabs into the 5 per cent and 18 per cent categories. The final decision on the approval will be taken before Diwali.&nbsp;He said that labour-intensive sectors like diamonds, gems, jewellery, textiles, garments, and shrimp will be impacted. India's regional competitors like Bangladesh, China, and Vietnam, which face lower tariffs compared to India, will increase their exports to the US and replace Indian products.&nbsp;"Most of the Indian products will be phased out from the US market until some tariffs are brought down," he added.&nbsp;He, however, hoped that the strain between India and the US over buying Russian oil and weapons would be resolved.&nbsp;"Negotiations are not terminated. They have just been paused. So there is always negotiation. Both countries are open. No country has said, neither India nor the US, that they are terminating the negotiations. So we hope that soon they may resume," he added.

Global Trade Research Initiative, a think tank founded by Ajay Srivastava, said that India can increase domestic consumption to offset the loss of trade to the United States due to Donald Trump's tariffs. 

Global Trade Research Initiative, a think tank founded by Ajay Srivastava, said that India can increase domestic consumption to offset the loss of trade to the United States due to Donald Trump's tariffs. Trump's additional tariff took effect today in India, jeopardising lakhs of jobs and several economic sectors, including textile and jewelry. Srivastava said that India's exports are worth only 20 percent of the economy. He said the Indian economy is big enough to absorb the tariff shock. "We have two broad options. One, the bigger option is local markets. Our exports are just 20 per cent of the Indian economy, and the Indian market is very big. It absorbs 80 per cent of Indian production, and there is scope for further absorption of this because the Indian economy is growing at 6 to 7 per cent annually," Srivastava said. "Domestic consumption can happily absorb some of the shocks," he added. He said India can also opt for a second measure - exploring other avenues for its exports. "And for this, the government is making an effort to expedite FTAs with the European Union. And we have already signed an agreement with the UK. So efforts are on to implement that quickly. A few more FTAs, like with Peru and other countries, are on the line," he stated. The Indian government is already trying to boost domestic consumption. It is mulling over slashing the 12 per cent and 28 per cent GST slabs from the regime and placing the goods and services in these slabs into the 5 per cent and 18 per cent categories. The final decision on the approval will be taken before Diwali. He said that labour-intensive sectors like diamonds, gems, jewellery, textiles, garments, and shrimp will be impacted. India's regional competitors like Bangladesh, China, and Vietnam, which face lower tariffs compared to India, will increase their exports to the US and replace Indian products. "Most of the Indian products will be phased out from the US market until some tariffs are brought down," he added. He, however, hoped that the strain between India and the US over buying Russian oil and weapons would be resolved. "Negotiations are not terminated. They have just been paused. So there is always negotiation. Both countries are open. No country has said, neither India nor the US, that they are terminating the negotiations. So we hope that soon they may resume," he added.

Donald Trump's tariffs will disrupt several export-intensive industries, including textiles and apparel. Domestic consumption can absorb some of the shocks.

Think tank GTRI asks Centre to boost consumption to offset Donald Trump's tariff

Amid tariff pressure from the United States, India is planning to launch a dedicated outreach initiative&nbsp;to push textile exports in 40 countries, including the UK, Japan, and South Korea. The Donald Trump administration has imposed a 50 per cent tariff on Indian exports to the United States, including&nbsp;on the textile sector.&nbsp;India is planning to extend textile exports to several developed and developing nations, including Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates, and Australia, PTI reported, citing an official.&nbsp;The official said that India aims to position itself as a reliable supplier of quality, sustainable, and innovative textile products. India exports to 220 countries. However, these 40 importing nations are key to India's diversification plan.&nbsp;These countries import $590 billion in textiles and apparel. They offer a great opportunity for India to enhance its exports, as it only accounts for 5-6 per cent of total imports to these nations.&nbsp;The government is targeting traditional as well as emerging markets with this outreach initiative.&nbsp;"Recognising this, the government is planning dedicated outreach programmes in each of these 40 countries, with a focus on both traditional markets and emerging markets," the official added.&nbsp;Donald Trump's steep 50 per cent tariff will impact at least USD 48 billion worth of Indian exports to the United States. The textile sector is expected to be one of the worst-hit sectors.&nbsp;Gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery industries will also bear the brunt of Donald Trump's tariffs on India.&nbsp;India's total exports of the textile and apparel sector are estimated at USD 37 billion. India's share in the global textiles and apparel market is a paltry 4.1 per cent. It is the sixth-largest exporter of apparel and textiles.

Amid tariff pressure from the United States, India is planning to launch a dedicated outreach initiative to push textile exports in 40 countries, including the UK, Japan, and South Korea. 

Amid tariff pressure from the United States, India is planning to launch a dedicated outreach initiative to push textile exports in 40 countries, including the UK, Japan, and South Korea. The Donald Trump administration has imposed a 50 per cent tariff on Indian exports to the United States, including on the textile sector. India is planning to extend textile exports to several developed and developing nations, including Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates, and Australia, PTI reported, citing an official. The official said that India aims to position itself as a reliable supplier of quality, sustainable, and innovative textile products. India exports to 220 countries. However, these 40 importing nations are key to India's diversification plan. These countries import $590 billion in textiles and apparel. They offer a great opportunity for India to enhance its exports, as it only accounts for 5-6 per cent of total imports to these nations. The government is targeting traditional as well as emerging markets with this outreach initiative. "Recognising this, the government is planning dedicated outreach programmes in each of these 40 countries, with a focus on both traditional markets and emerging markets," the official added. Donald Trump's steep 50 per cent tariff will impact at least USD 48 billion worth of Indian exports to the United States. The textile sector is expected to be one of the worst-hit sectors. Gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery industries will also bear the brunt of Donald Trump's tariffs on India. India's total exports of the textile and apparel sector are estimated at USD 37 billion. India's share in the global textiles and apparel market is a paltry 4.1 per cent. It is the sixth-largest exporter of apparel and textiles.

Donald Trump tariff takes effect: India is planning to extend textile exports to several developed and developing nations, including Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates, and Australia.

Amid Trump tariff pressure, India looks to diversify textile exports to 40 nations

Donald Trump's tariff on India will impact the US economy as well, said a report by the State Bank of India. The new tariffs will impact the GDP of the United States by 40-50 basis points and increase inflationary pressure. "We believe that U.S. tariffs are likely to affect U.S. GDP by 40-50 bps along with higher input cost inflation," said the SBI report.&nbsp;Donald Trump recently imposed tariffs on India for buying Russian oil and weapons. The increased duty took effect today.&nbsp;The SBI report said that&nbsp;signs of renewed inflationary pressure have already started emerging in the US, mainly due to the pass-through effects of the recent tariffs and a weaker dollar.&nbsp;The SBI report said that tariffs will also impact import-sensitive sectors like&nbsp;electronics, automobiles, and consumer durables, in the United States.&nbsp;Due to supply-side factors arising from higher tariffs, the&nbsp;inflation in the US is now expected to remain above the 2 percent target through 2026.&nbsp;Donald Trump's administration has imposed tariffs on Indian exports worth $45 billion. Sectors like&nbsp;textiles, gems, and jewellery are expected to be hit by the tariffs. However, the administration spared sectors like&nbsp;pharmaceuticals, smartphones, and steel.&nbsp;The report, however, said that if the 50 per cent tariff is not removed, India's trade surplus might soon turn into a trade deficit.&nbsp;&nbsp;"However, we believe trade negotiations will restore confidence and improve exports to the US," the report added.&nbsp;The report said that the tariff on Indian goods is now 50 per cent. However, duties on Chinese goods are 30 percent,&nbsp;Vietnamese goods are at 20 percent, Indonesian exports are at 19 percent, and Japanese products are at 15 percent.&nbsp;Since Indian tariffs are higher, it has lost cost benefits and will lose out on business to its Asian rivals.

Donald Trump's tariff on India will impact the US economy as well, said a report by the State Bank of India. The new tariffs will impact the GDP of the United States by 40-50 basis points and increase inflationary pressure.

Donald Trump's tariff on India will impact the US economy as well, said a report by the State Bank of India. The new tariffs will impact the GDP of the United States by 40-50 basis points and increase inflationary pressure. "We believe that U.S. tariffs are likely to affect U.S. GDP by 40-50 bps along with higher input cost inflation," said the SBI report. Donald Trump recently imposed tariffs on India for buying Russian oil and weapons. The increased duty took effect today. The SBI report said that signs of renewed inflationary pressure have already started emerging in the US, mainly due to the pass-through effects of the recent tariffs and a weaker dollar. The SBI report said that tariffs will also impact import-sensitive sectors like electronics, automobiles, and consumer durables, in the United States. Due to supply-side factors arising from higher tariffs, the inflation in the US is now expected to remain above the 2 percent target through 2026. Donald Trump's administration has imposed tariffs on Indian exports worth $45 billion. Sectors like textiles, gems, and jewellery are expected to be hit by the tariffs. However, the administration spared sectors like pharmaceuticals, smartphones, and steel. The report, however, said that if the 50 per cent tariff is not removed, India's trade surplus might soon turn into a trade deficit. "However, we believe trade negotiations will restore confidence and improve exports to the US," the report added. The report said that the tariff on Indian goods is now 50 per cent. However, duties on Chinese goods are 30 percent, Vietnamese goods are at 20 percent, Indonesian exports are at 19 percent, and Japanese products are at 15 percent. Since Indian tariffs are higher, it has lost cost benefits and will lose out on business to its Asian rivals.

Donald Trump's tariffs on several countries, including India, will impact the US GDP and might also increase inflationary pressures.

Donald Trump's tariff will impact the US as well. Here's how

US President Donald Trump's tariffs took effect today. Ratings agency Finch&nbsp;said in a report recently that these tariffs could dampen the business sentiment in the country. These tariffs will make Indian exports to the United States uncompetitive, making goods too expensive. The impact of the tariffs on Indian exports and GDP could also force lakhs of people out of jobs. What can India do?&nbsp;Radhika Rao, economist, DBS Bank, told Reuters that India can take several countermeasures, including seeking alternate markets, strengthening trade and investment ties through multilateral as well as bilateral trade deals. She said US exports amount to a modest 2.3 per cent of India's GDP, but it could have cascading impacts.&nbsp;She, however, expressed hope that the door for negotiations could reopen later this year.&nbsp;<a href="https://www.wionews.com/business-economy/donald-trump-s-tariff-on-india-in-numbers-which-sectors-are-hardest-hit-which-are-exempt-1756278240521">Also read: Donald Trump's tariff on India in numbers: Which sectors are hardest hit, which are exempt</a>&nbsp;Rajeswari Sengupta, associate professor, Indira Gandhi Institute of Development Research, told the agency that the government should adopt trade-oriented policies to boost demand, including free trade agreements with multiple countries, and&nbsp;encourage foreign direct investment by lowering tariffs and non-trade barriers.&nbsp;Around 70 per cent of Indian exports to the United States are under threat because they won't be able to compete with goods manufactured by regional rivals like Bangladesh and Vietnam.&nbsp;Aakanksha Shrawan, assistant professor at the National Institute of Public Finance and Policy, told Reuters that the government will have to offset the impact on jobs in affected sectors that are "labour-intensive".&nbsp;&nbsp;Teresa John, lead economist, Nirmal Bang Institutional Equities, said that India can mollify the United States by buying more weapons and oil from it and lowering the tariffs on agricultural products like soybeans.&nbsp;According to reports, India's merchandise exports to the US can drop by 40-45 per cent. GTRI said that India's exports can decrease from $87 billion to $49.6 billion this year.

US President Donald Trump's tariffs took effect today. Ratings agency Finch said in a report recently that these tariffs could dampen the business sentiment in the country.

US President Donald Trump's tariffs took effect today. Ratings agency Finch said in a report recently that these tariffs could dampen the business sentiment in the country. These tariffs will make Indian exports to the United States uncompetitive, making goods too expensive. The impact of the tariffs on Indian exports and GDP could also force lakhs of people out of jobs. What can India do? Radhika Rao, economist, DBS Bank, told Reuters that India can take several countermeasures, including seeking alternate markets, strengthening trade and investment ties through multilateral as well as bilateral trade deals. She said US exports amount to a modest 2.3 per cent of India's GDP, but it could have cascading impacts. She, however, expressed hope that the door for negotiations could reopen later this year. Also read: Donald Trump's tariff on India in numbers: Which sectors are hardest hit, which are exempt Rajeswari Sengupta, associate professor, Indira Gandhi Institute of Development Research, told the agency that the government should adopt trade-oriented policies to boost demand, including free trade agreements with multiple countries, and encourage foreign direct investment by lowering tariffs and non-trade barriers. Around 70 per cent of Indian exports to the United States are under threat because they won't be able to compete with goods manufactured by regional rivals like Bangladesh and Vietnam. Aakanksha Shrawan, assistant professor at the National Institute of Public Finance and Policy, told Reuters that the government will have to offset the impact on jobs in affected sectors that are "labour-intensive". Teresa John, lead economist, Nirmal Bang Institutional Equities, said that India can mollify the United States by buying more weapons and oil from it and lowering the tariffs on agricultural products like soybeans. According to reports, India's merchandise exports to the US can drop by 40-45 per cent. GTRI said that India's exports can decrease from $87 billion to $49.6 billion this year.

What do economists say about US President Donald Trump's tariff on India? GTRI said that India's exports can decrease from $87 billion to $49.6 billion this year. Here's how India can offset tariff loss.&nbsp;

Here's what India can do to counter Donald Trump's tariffs

Donald Trump's additional tariff on India took effect today. The US government imposed the tariff as a penalty on New Delhi for continually buying Russian oil and weapons. The 50 per cent higher&nbsp;duties apply&nbsp;to those Indian products that either entered the US market or are withdrawn&nbsp;from warehouses for consumption.&nbsp;&nbsp;The US administration exempted many sectors and categories from tariffs on Indian imports. The Global Trade Research Initiative said in a report that around 30.6 per cent of Indian exports will still enter the United States market duty-free.<h2>Here's how Donald Trump's tariffs affect India</h2>Experts believe&nbsp;that India's merchandise exports to the US can drop by as much as 40-45 per cent this year compared to last year. The Global Trade Research Initiative (GTRI) states that the export of these products to the United States, if tariffs continue, could decrease from $87 billion in 2024-2025 to $49.6 billion this year.&nbsp;However, products belonging to the pharmaceuticals, electronics, and petroleum categories are exempt. The think tank says that exempted products will amount to $27.6 billion in FY25. Around 4 per cent of the exports, mainly auto parts, will attract a 25 per cent tariff rate.&nbsp;Products are exported by countries like Vietnam, Bangladesh, Cambodia, and even China, and Pakistan will benefit from the tariffs on Indian products because they will get a cost advantage.&nbsp;The US accounts for 20 per cent of India's merchandise exports.&nbsp;Sectors like textiles and apparel, gems and jewellery, shrimps, machinery and mechanical appliances, some metals (steel, aluminium, copper), organic chemicals, agriculture and processed foods, leather and footwear, handicrafts, furniture and carpets will be worst-hit, reported The Indian Express.&nbsp;The home textiles and carpet industries will be decimated as both are dependent on exports. Exports account for 70-75 per cent of home textiles sales and the carpet industry 65-70 per cent of total sales. The US is their main market with 60 and 50 per cent exports respectively.&nbsp;&nbsp;“While 30% of (India’s US) exports will remain duty-free and 4% will face a 25% tariff, the bulk—66% covering apparel, textiles, gems &amp; jewellery, shrimp, carpets, and furniture—will be hit with a 50% tariff, rendering them uncompetitive," GTRI said.&nbsp;There could be a 43% decline in shipments to the US, and hundreds of thousands of these jobs will be lost.&nbsp;The Gem and Jewellery Export Promotion Council (GJEPC) said the US tariffs will disrupt supply chains and stall exports. The US is the sector's biggest market, with exports amounting to $10 billion in exports.

Donald Trump's additional tariff on India took effect today. The US government imposed the tariffs as a penalty on New Delhi for continually buying Russian oil and weapons.

Donald Trump's additional tariff on India took effect today. The US government imposed the tariff as a penalty on New Delhi for continually buying Russian oil and weapons. The 50 per cent higher duties apply to those Indian products that either entered the US market or are withdrawn from warehouses for consumption. The US administration exempted many sectors and categories from tariffs on Indian imports. The Global Trade Research Initiative said in a report that around 30.6 per cent of Indian exports will still enter the United States market duty-free. Here's how Donald Trump's tariffs affect India Experts believe that India's merchandise exports to the US can drop by as much as 40-45 per cent this year compared to last year. The Global Trade Research Initiative (GTRI) states that the export of these products to the United States, if tariffs continue, could decrease from $87 billion in 2024-2025 to $49.6 billion this year. However, products belonging to the pharmaceuticals, electronics, and petroleum categories are exempt. The think tank says that exempted products will amount to $27.6 billion in FY25. Around 4 per cent of the exports, mainly auto parts, will attract a 25 per cent tariff rate. Products are exported by countries like Vietnam, Bangladesh, Cambodia, and even China, and Pakistan will benefit from the tariffs on Indian products because they will get a cost advantage. The US accounts for 20 per cent of India's merchandise exports. Sectors like textiles and apparel, gems and jewellery, shrimps, machinery and mechanical appliances, some metals (steel, aluminium, copper), organic chemicals, agriculture and processed foods, leather and footwear, handicrafts, furniture and carpets will be worst-hit, reported The Indian Express. The home textiles and carpet industries will be decimated as both are dependent on exports. Exports account for 70-75 per cent of home textiles sales and the carpet industry 65-70 per cent of total sales. The US is their main market with 60 and 50 per cent exports respectively. “While 30% of (India’s US) exports will remain duty-free and 4% will face a 25% tariff, the bulk—66% covering apparel, textiles, gems & jewellery, shrimp, carpets, and furniture—will be hit with a 50% tariff, rendering them uncompetitive," GTRI said. There could be a 43% decline in shipments to the US, and hundreds of thousands of these jobs will be lost. The Gem and Jewellery Export Promotion Council (GJEPC) said the US tariffs will disrupt supply chains and stall exports. The US is the sector's biggest market, with exports amounting to $10 billion in exports.

Donald Trump's tariff against India: Experts believe&nbsp;that India's merchandise exports to the US can drop by as much as 40-45 per cent. Here's how these tariffs will impact the Indian market and economy.&nbsp;

Donald Trump's tariff on India in numbers: Which sectors are hardest hit, which are exempt

Market capitalisations are dynamic and fluctuate with stock prices; the discrepancies between data arise depending on the time of measurement and the time of data publishing. As of August 26, 2025, the top 10 banks with the highest market capitalisation are as follows.

Market capitalisations are dynamic and fluctuate with stock prices; the discrepancies between data arise depending on the time of measurement and the time of data publishing. As of August 26, 2025, the top 10 banks with the highest market capitalisation are as follows.

Most valuable banks 2025: Top 10 banks by market capitalization globally

The Indian stock markets on Tuesday tanked, a day before Donald Trump's tariff on India comes into force. However, it remains to be seen how they react to the tariff after it takes effect. Will the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) open on August 27?&nbsp;The Indian stock&nbsp;markets won't open on August 27, when Donald Trump's tariffs take effect. This is because of Ganesh Chaturthi, which falls on August 27. Both the Bombay Stock Exchange and the National Stock Exchange (NSE) will observe a holiday.&nbsp;<a href="https://www.wionews.com/business-economy/are-indian-refiners-planning-to-lower-the-volume-of-russian-crude-imports-1756214572020">Also read: Are Indian refiners planning to lower the volume of Russian crude imports?</a>&nbsp;There won't be any trading of any kind in these stock exchanges. The markets were also shut on Independence Day, August 15.&nbsp;Banks in many cities will also be closed because of Ganesh Chaturthi, according to the RBI calendar.&nbsp;Earlier this month, the Trump administration issued a notification to impose an additional 25 per cent tariff on Indian imports. The secondary tariffs will come into effect from August 27. With this, the total levy on Indian exports will become 50 per cent.&nbsp;<a href="https://www.wionews.com/business-economy/why-maruti-suzuki-s-share-prices-hit-all-time-high-ahead-of-trump-tariff-1756208259211">Also read: Why Maruti Suzuki's share prices hit all-time high ahead of Trump tariff?</a>&nbsp;Both the stock markets skipped today. Nifty 50 at the National Stock Exchange (NSE) slipped 255.70 points, or 1.02 percent, to 24,712.05. The BSE Sensex was down 849.37 points, or 1.04 percent, to 80,786.54.&nbsp;"The announcement triggered a wave of risk-off sentiment across domestic markets, leading to broad-based weakness," said Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities.

The Indian stock markets on Tuesday tanked, a day before Donald Trump's tariff on India comes into force.

The Indian stock markets on Tuesday tanked, a day before Donald Trump's tariff on India comes into force. However, it remains to be seen how they react to the tariff after it takes effect. Will the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) open on August 27? The Indian stock markets won't open on August 27, when Donald Trump's tariffs take effect. This is because of Ganesh Chaturthi, which falls on August 27. Both the Bombay Stock Exchange and the National Stock Exchange (NSE) will observe a holiday. Also read: Are Indian refiners planning to lower the volume of Russian crude imports? There won't be any trading of any kind in these stock exchanges. The markets were also shut on Independence Day, August 15. Banks in many cities will also be closed because of Ganesh Chaturthi, according to the RBI calendar. Earlier this month, the Trump administration issued a notification to impose an additional 25 per cent tariff on Indian imports. The secondary tariffs will come into effect from August 27. With this, the total levy on Indian exports will become 50 per cent. Also read: Why Maruti Suzuki's share prices hit all-time high ahead of Trump tariff? Both the stock markets skipped today. Nifty 50 at the National Stock Exchange (NSE) slipped 255.70 points, or 1.02 percent, to 24,712.05. The BSE Sensex was down 849.37 points, or 1.04 percent, to 80,786.54. "The announcement triggered a wave of risk-off sentiment across domestic markets, leading to broad-based weakness," said Sudeep Shah, Head of Technical Research and Derivatives at SBI Securities.

Indian stock markets: Nifty 50 slipped 255.70 points, or 1.02 percent, to 24,712.05. The BSE Sensex was down 849.37 points. Will the stock market open tomorrow on Ganesh Chaturthi?

Ganesh Chaturthi: Will BSE, NSE open on August 27?

As Indian Prime Minister Narendra Modi visits Japan later this week, his renewed call for economic self‑reliance through the ‘swadeshi’ movement and ‘vocal for local’ campaigns gains greater resonance. He has urged Indian shopkeepers to display boards announcing “yahan swadeshi maal bikta hai” (locally made goods are sold here) to counter looming tariff threats from US President Donald Trump. Japan’s system of ‘Made in Japan' or ‘nihonsei’ labelling offers a subtle yet effective model for raising consumer awareness about locally made goods without heavy‑handed directives.<h2>What is ‘nihonsei’ labelling in Japan?</h2>Nihonsei is the Japanese term for “made in Japan,” combining nihon (Japan) and sei (made or manufactured). The term refers to products made in Japanese factories using Japanese materials and craftsmanship. Such labelling signals a commitment to quality and attention to detail, values often associated with Japanese cultural standards.Also read: <a href="https://www.wionews.com/india-news/pm-narendra-modi-s-swadeshi-push-before-trump-s-additional-tariff-kicks-in-how-indian-pm-reacted-to-us-tariff-war-so-fa-1756173760722">PM Modi's 'swadeshi' push before Trump's additional tariff kicks in: Indian PM's three big statements on US tariff war</a><h2>Modi’s remarks on the ‘swadeshi’ campaign</h2>In his Independence Day address this year, Modi urged shopkeepers to publicly declare their support for Indian goods by putting up “swadeshi maal bikta hai” boards. He emphasised that swadeshi should not be adopted out of compulsion but as a source of strength. He positioned self‑reliance as both a civic duty and a marker of national pride. Japan's approach is not much different.Also read: <a href="https://www.wionews.com/world/did-modi-not-pick-up-four-calls-from-trump-german-newspaper-report-claims-1756198908072">Did Modi not pick up four calls from Trump? German newspaper makes this claim amid US tariff threat and Russia oil trade punishment</a><h2>How Japan implements ‘nihonsei’ or ‘Made in Japan’ labelling</h2>Japanese law requires all products to indicate their country of origin. The phrase “Made in Japan” appears in regulated small print on packaging. The practice is effective not through prominence on its own, but through supportive retail strategies such as clear shelf tags, regional branding (for example, “Aomori apples” or “Hokkaido crab”), and designated aisles for imported goods. This approach distinguishes domestic products subtly without denigrating foreign ones.<a href="https://www.wionews.com/videos/india-us-tariff-clash-pm-modi-says-india-will-not-yield-to-us-tariffs-1756188882906/embed">https://www.wionews.com/videos/india-us-tariff-clash-pm-modi-says-india-will-not-yield-to-us-tariffs-1756188882906/embed</a><h2>Why the Japanese model is effective</h2>The system works because it is grounded in clear regulations and laws, with consistent enforcement of product origin labelling. Consumer Affairs Agency (CAA) implements the Food Labeling Act and Japan Agricultural Standards (JAS). The Japanese model aligns with consumer trust, particularly among older shoppers - known as ‘silver market’- who associate nihonsei with quality and safety. Retail environments reinforce this by celebrating regional produce through visible in‑store signage and promotions, cultivating a sense of pride and influencing purchasing behaviour.<h2>Lessons for India from subtle product labelling strategies</h2>India can adapt principles from Japan’s model to promote Swadeshi through dignity and visibility rather than restrictions or bans. Encouraging voluntary “made in India” signage could foster national pride among consumers and merchants alike. When origin becomes a mark of identity rather than a mandate, self‑reliance may become ingrained in consumer choice.Also read: <a href="https://www.wionews.com/india-news/-one-rocket-every-week-50-per-year-pm-modi-aims-big-for-self-reliant-india-1755950057902">'One rocket every week, 50 per year': PM Modi aims big for 'self-reliant' India</a><h2>Swadeshi, then and now</h2>India’s historical Swadeshi movement began as a boycott of British goods in the early 1900s. Today’s ‘vocal for local’ initiative reframes that legacy into a modern push for competitive, high‑quality Indian goods. Compared to Japan’s quiet yet culturally embedded emphasis on local origin, India’s swadeshi push could benefit from similar subtlety and strategic branding.Modi’s swadeshi campaign, through visible public declarations by shopkeepers, echoes Japan’s nihonsei labelling system. By combining regulatory clarity with cultural affirmation, India could elevate domestic products in a way that feels empowering rather than coercive.&nbsp;Japan offers India a clear lesson: Self‑reliance can be built on transparency, trust, and national pride. &nbsp;

As Indian PM Modi visits Japan, his ‘Swadeshi’ push finds a parallel in Japan’s “Nihonsei” labelling, which subtly promotes local goods through clear origin tags and retail practices. India could adopt this model to build consumer trust and national pride without enforcing trade restrictions.

As Indian Prime Minister Narendra Modi visits Japan later this week, his renewed call for economic self‑reliance through the ‘swadeshi’ movement and ‘vocal for local’ campaigns gains greater resonance. He has urged Indian shopkeepers to display boards announcing “yahan swadeshi maal bikta hai” (locally made goods are sold here) to counter looming tariff threats from US President Donald Trump. Japan’s system of ‘Made in Japan' or ‘nihonsei’ labelling offers a subtle yet effective model for raising consumer awareness about locally made goods without heavy‑handed directives. What is ‘nihonsei’ labelling in Japan? Nihonsei is the Japanese term for “made in Japan,” combining nihon (Japan) and sei (made or manufactured). The term refers to products made in Japanese factories using Japanese materials and craftsmanship. Such labelling signals a commitment to quality and attention to detail, values often associated with Japanese cultural standards. Also read: PM Modi's 'swadeshi' push before Trump's additional tariff kicks in: Indian PM's three big statements on US tariff war Modi’s remarks on the ‘swadeshi’ campaign In his Independence Day address this year, Modi urged shopkeepers to publicly declare their support for Indian goods by putting up “swadeshi maal bikta hai” boards. He emphasised that swadeshi should not be adopted out of compulsion but as a source of strength. He positioned self‑reliance as both a civic duty and a marker of national pride. Japan's approach is not much different. Also read: Did Modi not pick up four calls from Trump? German newspaper makes this claim amid US tariff threat and Russia oil trade punishment How Japan implements ‘nihonsei’ or ‘Made in Japan’ labelling Japanese law requires all products to indicate their country of origin. The phrase “Made in Japan” appears in regulated small print on packaging. The practice is effective not through prominence on its own, but through supportive retail strategies such as clear shelf tags, regional branding (for example, “Aomori apples” or “Hokkaido crab”), and designated aisles for imported goods. This approach distinguishes domestic products subtly without denigrating foreign ones. https://www.wionews.com/videos/india-us-tariff-clash-pm-modi-says-india-will-not-yield-to-us-tariffs-1756188882906/embed Why the Japanese model is effective The system works because it is grounded in clear regulations and laws, with consistent enforcement of product origin labelling. Consumer Affairs Agency (CAA) implements the Food Labeling Act and Japan Agricultural Standards (JAS). The Japanese model aligns with consumer trust, particularly among older shoppers - known as ‘silver market’- who associate nihonsei with quality and safety. Retail environments reinforce this by celebrating regional produce through visible in‑store signage and promotions, cultivating a sense of pride and influencing purchasing behaviour. Lessons for India from subtle product labelling strategies India can adapt principles from Japan’s model to promote Swadeshi through dignity and visibility rather than restrictions or bans. Encouraging voluntary “made in India” signage could foster national pride among consumers and merchants alike. When origin becomes a mark of identity rather than a mandate, self‑reliance may become ingrained in consumer choice. Also read: 'One rocket every week, 50 per year': PM Modi aims big for 'self-reliant' India Swadeshi, then and now India’s historical Swadeshi movement began as a boycott of British goods in the early 1900s. Today’s ‘vocal for local’ initiative reframes that legacy into a modern push for competitive, high‑quality Indian goods. Compared to Japan’s quiet yet culturally embedded emphasis on local origin, India’s swadeshi push could benefit from similar subtlety and strategic branding. Modi’s swadeshi campaign, through visible public declarations by shopkeepers, echoes Japan’s nihonsei labelling system. By combining regulatory clarity with cultural affirmation, India could elevate domestic products in a way that feels empowering rather than coercive. Japan offers India a clear lesson: Self‑reliance can be built on transparency, trust, and national pride.

As Indian PM Modi visits Japan, his ‘Swadeshi’ push finds a parallel in Japan’s “Nihonsei”, &nbsp;the subtle promotion of local goods through clear origin tags and retail practices. India could adopt this model to build consumer trust and national pride without enforcing trade restrictions.

Modi's ‘Swadeshi’ push can take inspiration from 'Nihonsei' (wow they even sound similar) in Japan, which he's visiting amid Trump tariffs

Indian refiners are reportedly planning to curtail their purchases of Russian crude due to US pressure&nbsp;in the coming weeks, a report claimed. India, which is the second-largest buyer of discounted Russian crude oil, will bear from tomorrow Donald Trump's tariff on Indian exports to the United States.&nbsp;Trump has imposed 50 tariffs on Indian exports to the&nbsp;United States because&nbsp;of Moscow's continual oil and weapons trade with New Delhi. The tariff will take effect on Wednesday, August 27. A day before the imposition of the additional duties, India's stock market tanked, with both the BSE and NSE indices closing at their lowest level of the week.&nbsp;Bloomberg reported that, as a modest concession to the US administration, a day ahead of the hike in US tariffs, state-run and private processors are expected to buy 1.4 million-to-1.6 million barrels a day for October. This figure is less than the average per day purchase of 1.8 million barrels during the first half of the year.&nbsp;The US administration wants to reduce the trade deficit with India. It also wants to attack Russia's financial might in view of the Ukraine war.&nbsp;Several Western politicians had claimed that New Delhi has been funding the Russian war in Ukraine by purchasing Moscow's oil exports. Western countries have mostly cut off Russian&nbsp;crude exports to show solidarity with Ukraine, which has been facing the Russian onslaught since February 2022.&nbsp;The agency reported&nbsp;that the volume of imports will change if India reaches a trade deal with Trump.&nbsp;Despite Donald Trump's pressure, India hasn't stopped importing Russian oil. In July, India was the second-largest importer of Russian crude oil, only behind China.&nbsp;According to a CREA report, China accounted for 42 per cent of Russia's monthly export earnings from the top five countries in July this&nbsp;year. India remained the second-largest purchaser of Russian fossil fuels, buying 37 per cent of Moscow's oil exports.

Indian refiners are planning to curtail their purchases of Russian crude due to the US pressure in the coming weeks, media reports claimed. India, which is the second-largest buyer of discounted Russian crude oil, will bear from tomorrow Donald Trump's tariff on Indian exports to the United States.

Indian refiners are reportedly planning to curtail their purchases of Russian crude due to US pressure in the coming weeks, a report claimed. India, which is the second-largest buyer of discounted Russian crude oil, will bear from tomorrow Donald Trump's tariff on Indian exports to the United States. Trump has imposed 50 tariffs on Indian exports to the United States because of Moscow's continual oil and weapons trade with New Delhi. The tariff will take effect on Wednesday, August 27. A day before the imposition of the additional duties, India's stock market tanked, with both the BSE and NSE indices closing at their lowest level of the week. Bloomberg reported that, as a modest concession to the US administration, a day ahead of the hike in US tariffs, state-run and private processors are expected to buy 1.4 million-to-1.6 million barrels a day for October. This figure is less than the average per day purchase of 1.8 million barrels during the first half of the year. The US administration wants to reduce the trade deficit with India. It also wants to attack Russia's financial might in view of the Ukraine war. Several Western politicians had claimed that New Delhi has been funding the Russian war in Ukraine by purchasing Moscow's oil exports. Western countries have mostly cut off Russian crude exports to show solidarity with Ukraine, which has been facing the Russian onslaught since February 2022. The agency reported that the volume of imports will change if India reaches a trade deal with Trump. Despite Donald Trump's pressure, India hasn't stopped importing Russian oil. In July, India was the second-largest importer of Russian crude oil, only behind China. According to a CREA report, China accounted for 42 per cent of Russia's monthly export earnings from the top five countries in July this year. India remained the second-largest purchaser of Russian fossil fuels, buying 37 per cent of Moscow's oil exports.

Donald Trump's tariff on Indian exports will be imposed from tomorrow. A Fitch report said that the tariff might dampen business sentiment in India. New Delhi remains the second-largest purchaser of Russian fossil fuels.

Are Indian refiners planning to lower the volume of Russian crude imports?

A day before Donald Trump's additional tariff on Indian exports to the US takes effect, China's Ambassador to India, Xu Feihong, said on Tuesday that New Delhi's exports to Beijing grew 20 per cent in the April-July quarter, including petroleum, electronic goods, and agricultural products.&nbsp;"India's goods exports to China witnessed a robust 20% year-on-year increase between April-July this year, reaching $5.76 billion. Petroleum: 2x to $883 million; Electronic goods: up 202.7% to $521 million; Agriculture: oil meals (+2,656.1%), rice (+1,383.3%), oil seeds (+1,791.7%)," he wrote on X.&nbsp;<a href="https://www.wionews.com/business-economy/sco-summit-india-and-china-a-business-secret-you-probably-didn-t-know-1755950660213">Also read: SCO Summit: India and China, a business secret you probably didn't know</a>&nbsp;Donald Trump has imposed a 50 per cent tariff on Indian exports to the US because New Delhi has been buying oil from Russia amid the Ukraine war.&nbsp;Earlier this month, Feihong slammed the United States for imposing tariffs against several countries, including India, without naming Donald Trump.&nbsp;He wrote on X: "Give the bully an inch, he will take a mile".&nbsp;Prime Minister Narendra Modi will visit China for a two-day official trip on August 31. After being invited by Chinese President Xi Jinping, he will attend the Shanghai Cooperation Organisation (SCO) Summit in China's Tianjin.&nbsp;Despite tensions between India and China in Eastern Ladakh since 2020, the countries' trade continued unabated. India's imports of Chinese goods grew leaps and bounds, but so did the trade deficit. According to the Indian Embassy's data, India and China's trade deficit has also been increasing. In 2021-2022, it was $73.01. In 2022-2023, it was $83.20; in 2023-2024, it was $85.08, and in 2024-2025, it was $99.21.&nbsp;"Our trade deficit concerns are two-pronged. One is the actual size of the deficit. Two is the fact that the imbalance has continuously been widening year after year to reach USD 99.21 billion in 2024-2025," the Indian Embassy said in a document.

A day before Donald Trump's additional tariff on Indian exports to the US takes effect, China's Ambassador to India, Xu Feihong, said on Tuesday that New Delhi's exports to Beijing grew 20 per cent in the April-July quarter, including petroleum, electronic goods, and agricultural products.

A day before Donald Trump's additional tariff on Indian exports to the US takes effect, China's Ambassador to India, Xu Feihong, said on Tuesday that New Delhi's exports to Beijing grew 20 per cent in the April-July quarter, including petroleum, electronic goods, and agricultural products. "India's goods exports to China witnessed a robust 20% year-on-year increase between April-July this year, reaching $5.76 billion. Petroleum: 2x to $883 million; Electronic goods: up 202.7% to $521 million; Agriculture: oil meals (+2,656.1%), rice (+1,383.3%), oil seeds (+1,791.7%)," he wrote on X. Also read: SCO Summit: India and China, a business secret you probably didn't know Donald Trump has imposed a 50 per cent tariff on Indian exports to the US because New Delhi has been buying oil from Russia amid the Ukraine war. Earlier this month, Feihong slammed the United States for imposing tariffs against several countries, including India, without naming Donald Trump. He wrote on X: "Give the bully an inch, he will take a mile". Prime Minister Narendra Modi will visit China for a two-day official trip on August 31. After being invited by Chinese President Xi Jinping, he will attend the Shanghai Cooperation Organisation (SCO) Summit in China's Tianjin. Despite tensions between India and China in Eastern Ladakh since 2020, the countries' trade continued unabated. India's imports of Chinese goods grew leaps and bounds, but so did the trade deficit. According to the Indian Embassy's data, India and China's trade deficit has also been increasing. In 2021-2022, it was $73.01. In 2022-2023, it was $83.20; in 2023-2024, it was $85.08, and in 2024-2025, it was $99.21. "Our trade deficit concerns are two-pronged. One is the actual size of the deficit. Two is the fact that the imbalance has continuously been widening year after year to reach USD 99.21 billion in 2024-2025," the Indian Embassy said in a document.

Xu Feihong, China's Ambassador to India, has been writing posts on X in India's favour ever since Donald Trump announced tariff on New Delhi because it buys oil from Russia.

Chinese Ambassador claims 20 per cent growth in Indian exports to China

Dream Sports, the parent company of fantasy sports giant Dream11, is facing one of the biggest crises in its history after India’s new online gaming law wiped out nearly all of its revenue. But in a strong message to employees, CEO and co-founder Harsh Jain has assured that there will be no layoffs despite the staggering losses. The Promotion and Regulation of Online Gaming Bill, 2025, banned real-money games across the country. For Dream11, whose business was built around paid fantasy contests, the move proved devastating. Jain admitted that the company’s revenue plunged by 95 per cent overnight, with profits completely erased.&nbsp;Also Read: <a href="https://www.wionews.com/business-economy/donald-trump-s-tariff-what-will-happen-to-apple-s-made-in-india-iphone-supply-to-us-1756204656047">Donald Trump's tariff: What will happen to Apple's Made-in-India iPhone supply to the US?</a><h2>‘No job cuts’</h2>While industry speculation pointed towards mass layoffs, Jain rejected the idea firmly. “We’re not interested in doing any layoffs. All the talent here is safe,” he told employees, adding that the company has a two-year cash runway to protect jobs. “If we lay off talent, we should shut down,” he said.Instead of shrinking its workforce, Dream Sports has begun a major shift in strategy. The new plan—branded as Dream11 3.0—focuses on:<ol><li>Expanding free-to-play fantasy formats</li><li>Building revenue through advertising</li><li>Exploring AI-driven tools, content, gaming studios, fintech, and live sports experiences</li></ol>Also Read: <a href="https://www.wionews.com/cricket/rohit-sharma-virat-kohli-odi-world-cup-what-is-bronco-test-manoj-tiwary-1756207166953">'Bronco Test introduced to keep Rohit out of 2027 ODI WC,' says ex-India batter Manoj Tiwary</a>&nbsp;The company will, however, cut back on marketing and sponsorship spends to conserve resources. Employees from the real-money gaming division are being redeployed into these new projects. Jain described himself as a “delusional optimist,” saying Dream Sports has enough capital to rebuild. Importantly, the company has decided not to challenge the government’s ban in court, choosing instead to pivot and adapt. For now, Dream11’s real-money contests are gone, but the platform continues in a free-to-play format. Whether the company can reinvent itself successfully will determine if it remains a key player in India’s sports-tech ecosystem.

Dream11 lost 95 per cent revenue due to online gaming ban. Will it lay off staff? CEO Harish Jain says...

Dream Sports, the parent company of fantasy sports giant Dream11, is facing one of the biggest crises in its history after India’s new online gaming law wiped out nearly all of its revenue. But in a strong message to employees, CEO and co-founder Harsh Jain has assured that there will be no layoffs despite the staggering losses. The Promotion and Regulation of Online Gaming Bill, 2025, banned real-money games across the country. For Dream11, whose business was built around paid fantasy contests, the move proved devastating. Jain admitted that the company’s revenue plunged by 95 per cent overnight, with profits completely erased. Also Read: Donald Trump's tariff: What will happen to Apple's Made-in-India iPhone supply to the US? ‘No job cuts’ While industry speculation pointed towards mass layoffs, Jain rejected the idea firmly. “We’re not interested in doing any layoffs. All the talent here is safe,” he told employees, adding that the company has a two-year cash runway to protect jobs. “If we lay off talent, we should shut down,” he said. Instead of shrinking its workforce, Dream Sports has begun a major shift in strategy. The new plan—branded as Dream11 3.0—focuses on: Expanding free-to-play fantasy formats Building revenue through advertising Exploring AI-driven tools, content, gaming studios, fintech, and live sports experiences Also Read: 'Bronco Test introduced to keep Rohit out of 2027 ODI WC,' says ex-India batter Manoj Tiwary The company will, however, cut back on marketing and sponsorship spends to conserve resources. Employees from the real-money gaming division are being redeployed into these new projects. Jain described himself as a “delusional optimist,” saying Dream Sports has enough capital to rebuild. Importantly, the company has decided not to challenge the government’s ban in court, choosing instead to pivot and adapt. For now, Dream11’s real-money contests are gone, but the platform continues in a free-to-play format. Whether the company can reinvent itself successfully will determine if it remains a key player in India’s sports-tech ecosystem.

The ban on the Online Gaming Bill was passed by both Houses of Parliament, after which it became law after getting Presidential assent on August 22

A day before Donald Trump's tariff takes effect, the Indian stock market tanked on Tuesday. However, the shares of Maruti Suzuki, the car-maker that rules the Indian market, surged 2.53 per cent. The Japanese automaker's&nbsp;shares touched an all-time high price of Rs 14,823.45 a piece.&nbsp;<h2>Why did Maruti Suzuki's share prices rise at a time when the market is apprehensive about the impact of Donald Trump's tariff on the Indian economy?</h2>Maruti Suzuki has been selling the highest number of cars in India for several decades. It also exports cars from India to several countries in the world. However, the Japanese car-maker has announced that it will invest thousands of crores in the Indian market over the next 5-6 years. The announcement was taken by the market as a positive cue, increasing the price of the share.&nbsp;Maruti Suzuki announced its highest-ever investment commitment&nbsp;in India. It said it would invest Rs 70,000 crore over the next five years in India. This investment will make India a global hub for electric vehicles.&nbsp;According to reports, Maruti Suzuki announced at its Hansalpur plant in Gujarat's Ahmedabad. The announcement was made during an event in which Prime Minister Narendra Modi and Suzuki Motor's President Toshihiro Suzuki jointly flagged off the e-Vitara.&nbsp;The company said the investment will be made in sectors like manufacturing, research and development, and sustainability initiatives.&nbsp;Rs 32000 crore will be earmarked for enhancing the company's manufacturing capacity by 1 million cars per annum. Rs 23,240 crore will be used for the development of new EVs by 2030. Rs 15000 crore will be allocated to supporting carbon-neutral projects.&nbsp;The company further said it will attempt to localise 80 per cent of EV battery manufacturing to reduce India's dependence on imports. The firm will also expand its hybrid and CNG offerings.&nbsp;By FY 2030-31, the company also aims to triple its exports from India to 7.5 lakh cars per year.&nbsp;Maruti Suzuki has a 40 per cent share in India's passenger vehicle exports.&nbsp;Donald Trump has imposed a 50 per cent tariff on Indian exports to the United States for New Delhi's purchase of oil from Russia. It will take effect on Wednesday.&nbsp;Spooked by the prospect of an adverse impact of Trump's tariff on the economy, the BSE Sensex was down 849.37 points, and the Nifty was down 255.70 points.

A day before Donald Trump's tariff takes effect, the Indian stock market tanked on Tuesday. 

A day before Donald Trump's tariff takes effect, the Indian stock market tanked on Tuesday. However, the shares of Maruti Suzuki, the car-maker that rules the Indian market, surged 2.53 per cent. The Japanese automaker's shares touched an all-time high price of Rs 14,823.45 a piece. Why did Maruti Suzuki's share prices rise at a time when the market is apprehensive about the impact of Donald Trump's tariff on the Indian economy? Maruti Suzuki has been selling the highest number of cars in India for several decades. It also exports cars from India to several countries in the world. However, the Japanese car-maker has announced that it will invest thousands of crores in the Indian market over the next 5-6 years. The announcement was taken by the market as a positive cue, increasing the price of the share. Maruti Suzuki announced its highest-ever investment commitment in India. It said it would invest Rs 70,000 crore over the next five years in India. This investment will make India a global hub for electric vehicles. According to reports, Maruti Suzuki announced at its Hansalpur plant in Gujarat's Ahmedabad. The announcement was made during an event in which Prime Minister Narendra Modi and Suzuki Motor's President Toshihiro Suzuki jointly flagged off the e-Vitara. The company said the investment will be made in sectors like manufacturing, research and development, and sustainability initiatives. Rs 32000 crore will be earmarked for enhancing the company's manufacturing capacity by 1 million cars per annum. Rs 23,240 crore will be used for the development of new EVs by 2030. Rs 15000 crore will be allocated to supporting carbon-neutral projects. The company further said it will attempt to localise 80 per cent of EV battery manufacturing to reduce India's dependence on imports. The firm will also expand its hybrid and CNG offerings. By FY 2030-31, the company also aims to triple its exports from India to 7.5 lakh cars per year. Maruti Suzuki has a 40 per cent share in India's passenger vehicle exports. Donald Trump has imposed a 50 per cent tariff on Indian exports to the United States for New Delhi's purchase of oil from Russia. It will take effect on Wednesday. Spooked by the prospect of an adverse impact of Trump's tariff on the economy, the BSE Sensex was down 849.37 points, and the Nifty was down 255.70 points.

Donald Trump's additional tariff on India because of the latter's Russian oil purchase will take effect on August 27. However, even when the Indian stock market tanked, Maruti Suzuki, India's biggest car seller, registered its highest-ever share prices. Here's what happened.

Why Maruti Suzuki's share prices hit all-time high ahead of Trump tariff?

The 50 per cent tariff, imposed by US President Donald Trump on India, will take effect on August 27. The tariff was announced in two tranches as a penalty for New Delhi for buying oil and weapons from Russia. India is one of the largest consumers of iPhones, designed and manufactured by Apple, a US-based company. Apple manufactures iPhones in India through third-party manufacturers.<h2>Will the prices of Apple iPhones be impacted by Trump's tariffs on India? Here's the answer.</h2>&nbsp;Apple is under tremendous pressure from Donald Trump to shift its manufacturing from Asia, including India. Apple produces most of its products in China. However, due to geopolitical conditions, Apple has been seeking to diversify&nbsp;its manufacturing&nbsp;to more accessible&nbsp;options like India and Vietnam. India has lately emerged as one of the top exporters of Apple iPhones.<h3>Will Apple iPhone's prices increase?</h3>Apple's exports from India will not be impacted by Donald Trump's tariff on New Delhi. This is because in April, the Donald Trump administration exempted smartphones, computers, and other electronic goods from reciprocal tariffs. Hence, devices that are based on semiconductors, including Apple iPhones, enter the United States without attracting additional tariffs announced by Donald Trump's administration.&nbsp;The exemption was made because India contributes to Apple's iPhone supply. In the April-June quarters, 71 per cent of the iPhones sold in the United States were made in India. The figure is a massive jump from 31 per cent during the corresponding period last year. This shows that Apple has been focusing on investing in India, which has turned out to be a viable alternative to China.&nbsp;The Trump administration is reportedly mulling over bringing the semiconductor-based devices into the tariff net. If the exemption is withdrawn, India-made iPhones will become more expensive than their regional rivals, like Vietnam and China.&nbsp;India has been buying Russian oil since early 2022 because of the discount Moscow has extended following the Western embargo on oil purchases over the Ukraine invasion. New Delhi says it has been doing what's good for its people.

The 50 per cent tariff, imposed by US President Donald Trump on India, will take effect on August 27.

The 50 per cent tariff, imposed by US President Donald Trump on India, will take effect on August 27. The tariff was announced in two tranches as a penalty for New Delhi for buying oil and weapons from Russia. India is one of the largest consumers of iPhones, designed and manufactured by Apple, a US-based company. Apple manufactures iPhones in India through third-party manufacturers. Will the prices of Apple iPhones be impacted by Trump's tariffs on India? Here's the answer. Apple is under tremendous pressure from Donald Trump to shift its manufacturing from Asia, including India. Apple produces most of its products in China. However, due to geopolitical conditions, Apple has been seeking to diversify its manufacturing to more accessible options like India and Vietnam. India has lately emerged as one of the top exporters of Apple iPhones. Will Apple iPhone's prices increase? Apple's exports from India will not be impacted by Donald Trump's tariff on New Delhi. This is because in April, the Donald Trump administration exempted smartphones, computers, and other electronic goods from reciprocal tariffs. Hence, devices that are based on semiconductors, including Apple iPhones, enter the United States without attracting additional tariffs announced by Donald Trump's administration. The exemption was made because India contributes to Apple's iPhone supply. In the April-June quarters, 71 per cent of the iPhones sold in the United States were made in India. The figure is a massive jump from 31 per cent during the corresponding period last year. This shows that Apple has been focusing on investing in India, which has turned out to be a viable alternative to China. The Trump administration is reportedly mulling over bringing the semiconductor-based devices into the tariff net. If the exemption is withdrawn, India-made iPhones will become more expensive than their regional rivals, like Vietnam and China. India has been buying Russian oil since early 2022 because of the discount Moscow has extended following the Western embargo on oil purchases over the Ukraine invasion. New Delhi says it has been doing what's good for its people.

Donald Trump's tariff on India will take effect on August 27. How will it impact Apple's iPhone supply to the United States from India? Will Made-in-India Apple iPhone become more expensive?

Donald Trump's tariff: What will happen to Apple's Made-in-India iPhone supply to US?

The space economy had a gross value of $596 billion in 2024, and according to a McKinsey report, it is projected to reach $1.8 trillion by 2035. Explore the list of countries with the highest budget for their space program.

The space economy had a gross value of $596 billion in 2024, and according to a McKinsey report, it is projected to reach $1.8 trillion by 2035. Explore the list of countries with the highest budget for their space program.

Global Space Economy : Top countries with highest space budget in 2025

As tariffs take effect amid US threats to punish India further for purchasing Russian oil, a German newspaper has claimed that Indian Prime Minister Narendra Modi did not answer four phone calls made by US President Donald Trump. The report in Frankfurter Allgemeine Zeitung (F.A.Z.), which analysed the India-US tariff dispute, said that Trump’s usual tactics in trade conflicts—complaints, threats, and pressure—are not working in India’s case, unlike with several other countries.<h2>What the German report claimed on Modi vs Trump</h2>F.A.Z. claimed that Modi refused to respond despite four attempted phone calls from Trump in recent weeks, if the machine translation of the German-language report is accurate. The report did not specify the exact dates in which the calls were allegedly made. Indian authorities have not commented on these calls, at the time of writing this report.The report in the German paper said that Modi's curent approach reflects both deep frustration and strategic caution.&nbsp;Also read: <a href="https://www.wionews.com/world/-nominate-him-for-donald-trump-s-former-ally-advises-pm-narendra-modi-to-do-this-amid-tariff-war-1755142892676">‘Nominate him for…’: Trump's former ally advises PM Modi to do THIS amid tariff war</a><h2>India is resisting Trump coercion</h2>According to the report, Modi is resisting Trump’s pressure to open up India’s markets to US agribusiness. The article also highlighted India’s stance on continuing to buy Russian oil, which Trump claims is financing “Putin’s war machine,” in reference to Russia’s invasion of Ukraine.Also read: <a href="https://www.wionews.com/world/nikki-haley-wants-trump-to-talk-to-pm-modi-over-russian-oil-issue-highlights-china-threat-amid-tariff-war-1755736744441">Nikki Haley wants Trump to talk to PM Modi over Russian oil issue, highlights China 'threat' amid tariff war</a><h2>No more tariff relief extension to India?</h2>If the situation does not change, India faces 50 per cent tariffs on its exports to the United States—25 per cent due to the trade imbalance, and an additional 25 per cent over India’s oil trade with Russia. Trump’s adviser Peter Navarro was quoted as saying, “I don’t think my boss will give them another extension.”Also read: <a href="https://www.wionews.com/india-news/-interests-of-our-farmers-small-business-owners-paramount-asserts-pm-modi-2-days-before-trump-tariffs-come-into-effect-1756131636053">‘Interests of our farmers, small business owners paramount,’ asserts PM Modi 2 days before Trump tariffs come into effect</a><h2>Modi resists being used in a media stunt by Trump</h2>The report noted that Modi is not interested in being used in a media stunt, referencing a recent incident with Vietnam. In that case, Trump prematurely announced a trade deal via social media, despite the absence of an actual agreement with Vientam.Also read: <a href="https://www.wionews.com/india-news/pm-narendra-modi-s-swadeshi-push-before-trump-s-additional-tariff-kicks-in-how-indian-pm-reacted-to-us-tariff-war-so-fa-1756173760722">PM Modi's 'swadeshi' push before Trump's additional tariff kicks in: Indian PM's three big statements on US tariff war</a><h2>Will the Trump-Modi tussle jeopardise US Indo-Pacific strategy?</h2>The newspaper quoted analyst Mark Frazier as saying that the American concept of an Indo-Pacific alignment—in which India plays a central role in containing China—“is falling apart.”&nbsp;<a href="https://www.wionews.com/videos/india-us-tariff-clash-pm-modi-says-india-will-not-yield-to-us-tariffs-1756188882906/embed">https://www.wionews.com/videos/india-us-tariff-clash-pm-modi-says-india-will-not-yield-to-us-tariffs-1756188882906/embed</a><h2>What hit would India take if Trump tariffs kick in?</h2>One-fifth of Indian exports go to the US, and F.A.Z. claimed that new tariffs could slow India’s economic growth to 5.5 per cent from an expected 6.5 per cent.However, public sentiment in India has shifted sharply against Trump. This is in contrast to a Pew Research survey from June, which found that “every second Indian” expressed trust in him, the fifth-highest rating globally.<h2>Trump leaning towards Pakistan is causing ire in India</h2>While Trump’s real estate ventures in India have reportedly sold well, his claim of having brokered peace between India and Pakistan after the recent Operation Sindoor has caused outrage on Indian social media. So has his suggestion that India might one day be purchasing oil from Pakistan.His reported White House lunch with Pakistan’s army chief, Asim Munir, was also seen as provocative, according to the F.A.Z. report.<h2>After Trump taunts, Modi is seeking new friendships</h2>The report noted that Modi is now pursuing a new strategic direction, with plans to attend the Shanghai Cooperation Organization (SCO) summit in Tianjin this weekend.The article cited Frazier as saying that India has “common strategic interests with China”, particularly in gaining more influence in global institutions. It also said that Chinese investment and technology could help Indian industry develop further. &nbsp;

German newspaper F.A.Z. has claimed in a reports that Modi ignored four calls from Trump amid US tariffs over India’s Russian oil purchases. As Modi resists US pressure and seeks closer ties with China. Trump’s Indo-Pacific strategy risks faltering 

As tariffs take effect amid US threats to punish India further for purchasing Russian oil, a German newspaper has claimed that Indian Prime Minister Narendra Modi did not answer four phone calls made by US President Donald Trump. The report in Frankfurter Allgemeine Zeitung (F.A.Z.), which analysed the India-US tariff dispute, said that Trump’s usual tactics in trade conflicts—complaints, threats, and pressure—are not working in India’s case, unlike with several other countries. What the German report claimed on Modi vs Trump F.A.Z. claimed that Modi refused to respond despite four attempted phone calls from Trump in recent weeks, if the machine translation of the German-language report is accurate. The report did not specify the exact dates in which the calls were allegedly made. Indian authorities have not commented on these calls, at the time of writing this report. The report in the German paper said that Modi's curent approach reflects both deep frustration and strategic caution. Also read: ‘Nominate him for…’: Trump's former ally advises PM Modi to do THIS amid tariff war India is resisting Trump coercion According to the report, Modi is resisting Trump’s pressure to open up India’s markets to US agribusiness. The article also highlighted India’s stance on continuing to buy Russian oil, which Trump claims is financing “Putin’s war machine,” in reference to Russia’s invasion of Ukraine. Also read: Nikki Haley wants Trump to talk to PM Modi over Russian oil issue, highlights China 'threat' amid tariff war No more tariff relief extension to India? If the situation does not change, India faces 50 per cent tariffs on its exports to the United States—25 per cent due to the trade imbalance, and an additional 25 per cent over India’s oil trade with Russia. Trump’s adviser Peter Navarro was quoted as saying, “I don’t think my boss will give them another extension.” Also read: ‘Interests of our farmers, small business owners paramount,’ asserts PM Modi 2 days before Trump tariffs come into effect Modi resists being used in a media stunt by Trump The report noted that Modi is not interested in being used in a media stunt, referencing a recent incident with Vietnam. In that case, Trump prematurely announced a trade deal via social media, despite the absence of an actual agreement with Vientam. Also read: PM Modi's 'swadeshi' push before Trump's additional tariff kicks in: Indian PM's three big statements on US tariff war Will the Trump-Modi tussle jeopardise US Indo-Pacific strategy? The newspaper quoted analyst Mark Frazier as saying that the American concept of an Indo-Pacific alignment—in which India plays a central role in containing China—“is falling apart.” https://www.wionews.com/videos/india-us-tariff-clash-pm-modi-says-india-will-not-yield-to-us-tariffs-1756188882906/embed What hit would India take if Trump tariffs kick in? One-fifth of Indian exports go to the US, and F.A.Z. claimed that new tariffs could slow India’s economic growth to 5.5 per cent from an expected 6.5 per cent. However, public sentiment in India has shifted sharply against Trump. This is in contrast to a Pew Research survey from June, which found that “every second Indian” expressed trust in him, the fifth-highest rating globally. Trump leaning towards Pakistan is causing ire in India While Trump’s real estate ventures in India have reportedly sold well, his claim of having brokered peace between India and Pakistan after the recent Operation Sindoor has caused outrage on Indian social media. So has his suggestion that India might one day be purchasing oil from Pakistan. His reported White House lunch with Pakistan’s army chief, Asim Munir, was also seen as provocative, according to the F.A.Z. report. After Trump taunts, Modi is seeking new friendships The report noted that Modi is now pursuing a new strategic direction, with plans to attend the Shanghai Cooperation Organization (SCO) summit in Tianjin this weekend. The article cited Frazier as saying that India has “common strategic interests with China”, particularly in gaining more influence in global institutions. It also said that Chinese investment and technology could help Indian industry develop further.

German newspaper F.A.Z. has claimed in a reports that Modi ignored four calls from Trump amid US tariffs over India’s Russian oil purchases. As Modi resists US pressure and seeks closer ties with China. Trump’s Indo-Pacific strategy risks faltering&nbsp;

Did Modi not pick up four calls from Trump? German newspaper makes this claim amid US tariff threat and Russia oil trade punishment

Pension plays a massive role in ensuring the social security of the masses of any nation. This is why most nations manage a pension fund, including India. Public pension wealth plays a massive role in providing returns to the investors. These funds provide financial security to people after retirement. A person's pension fund is the cumulative amount of her contributions, her employer's contribution, and the return&nbsp;she gets on her investments. After retirement, an employee can withdraw a portion of her corpus lump sum and the remaining as a monthly pension.Normally, in every nation, these pension funds are managed by the government agencies whose job is to generate returns through safe investments, so that the employees' money remains safe. These funds help the nation meet challenges&nbsp;like an ageing population and social inequities.<h2>Here's a list of countries whose pension funds are the largest. &nbsp;</h2>According to Coinlaw, the Government Pension Investment Fund (GPIF) of Japan remains the largest globally, managing over $1.7 trillion in assets. The US-managed Federal Retirement Thrift Investment Board (FRTIB) has $800 billion in assets. ABP, the Netherlands-based pension fund for civil servants, ranks third with $620 billion. Canada's Pension Plan Investment Board (CPPIB) manages over $530 billion. Australia’s Future reached $245 billion in assets. The National Pension Service (NPS) of South Korea surpassed $950 billion. Brazil’s Previ manages $115 billion.&nbsp;SWF 2025 reports that the US public pension funds were $11,760 billion in size. Japan's was $2066 bn, Canada, $1804 bn, Netherlands $1131 bn, Australia $1121 bn, South Korea $948 bn, UK $610 bn, China $588 bn, Denmark $569 bn, and Sweden $489 bn.&nbsp;India was 14th on the list, with public pension wealth assets of $305 billion.&nbsp;&nbsp;

Pension plays a massive role in ensuring the social security of the masses of any nation. This is why most nations manage a pension fund, including India. Public pension wealth plays a massive role in providing returns to the investors.

Pension plays a massive role in ensuring the social security of the masses of any nation. This is why most nations manage a pension fund, including India. Public pension wealth plays a massive role in providing returns to the investors. These funds provide financial security to people after retirement. A person's pension fund is the cumulative amount of her contributions, her employer's contribution, and the return she gets on her investments. After retirement, an employee can withdraw a portion of her corpus lump sum and the remaining as a monthly pension. Normally, in every nation, these pension funds are managed by the government agencies whose job is to generate returns through safe investments, so that the employees' money remains safe. These funds help the nation meet challenges like an ageing population and social inequities. Here's a list of countries whose pension funds are the largest. According to Coinlaw, the Government Pension Investment Fund (GPIF) of Japan remains the largest globally, managing over $1.7 trillion in assets. The US-managed Federal Retirement Thrift Investment Board (FRTIB) has $800 billion in assets. ABP, the Netherlands-based pension fund for civil servants, ranks third with $620 billion. Canada's Pension Plan Investment Board (CPPIB) manages over $530 billion. Australia’s Future reached $245 billion in assets. The National Pension Service (NPS) of South Korea surpassed $950 billion. Brazil’s Previ manages $115 billion. SWF 2025 reports that the US public pension funds were $11,760 billion in size. Japan's was $2066 bn, Canada, $1804 bn, Netherlands $1131 bn, Australia $1121 bn, South Korea $948 bn, UK $610 bn, China $588 bn, Denmark $569 bn, and Sweden $489 bn. India was 14th on the list, with public pension wealth assets of $305 billion.

Public Pension Wealth: List of countries with the highest number of public sector pension funds. India is in the 14th position. What's the size of India's pension fund? Here's a look.&nbsp;

Top 10 countries with the highest public pension wealth. Where does India stand?

Foreign Reserves are used by nations to pay for critical imports such as crude oil or services; they also help the nation in producing an adequate response during a financial crisis. Here is the list of the Top countries with the highest foreign reserves.

Foreign Reserves are used by nations to pay for critical imports such as crude oil or services; they also help the nation in producing an adequate response during a financial crisis. Here is the list of the Top countries with the highest foreign reserves.

Forex Reserve 2025: Top 5 countries with highest foreign reserves

The Bombay Stock Exchange (BSE) Sensex and NSE's Nifty 50 plummeted on Tuesday morning because of a variety of factors, including the anxiety for Donald Trump's additional tariff on India taking effect on August 27. At 11.18 am, Sensex was at 81,101.35, down 534.55 points; Nifty was at 24,806.55 points, down 161.20 points. At one point, Sensex, which opened at 81,377.39, crashed nearly 700 points.&nbsp;<h2>Why is the Indian stock market falling?</h2><h3>Trump tariff fears</h3>In July, US President Donald Trump imposed a 50 percent tariff on Indian exports to the United States as a penalty on New Delhi for buying Russian oil and weapons. The tariffs will take effect on August 27. There were hopes that Donald Trump and Vladimir Putin would arrive at an agreement on Ukraine during their Alaska Summit. However, the hopes were dashed after the summit turned out to be inconclusive. On Monday, Fitch Ratings said in its outlook report that the tariff would likely hamper business sentiment in India. The stock market crash is the result of apprehensions about Trump's tariffs.<h3>FII selling</h3>Foreign institutional investors (FII) continued their selling spree in India to look for better avenues to park their investments amid a stable US dollar. On August 25, FIIs pulled Rs 2,466 crore out from Indian equities on August 25. In the first half of August, FIIs pulled out Rs 31,889 crore across eight sectors, including the financial and technology sectors. FII outflows weighed in on investor sentiment.<h3>Global cues</h3>Weak global cues exacerbated the situation in the Indian stock market, dampening the sentiment. Japan's Nikkei and Korea's Kospi declined by about 1 per cent each. It was after Donald Trump sacked Federal Reserve Governor Lisa Cook, raising doubts over the independence of the US central bank. Other major global stock markets also witnessed a slump.<h3>Profit booking</h3>Another reason for the market crash could be profit booking after last week's rally. The markets performed well, riding on the central government's proposal to eliminate the Goods and Services Tax (GST) slabs.<h3>Rupee weakens</h3>The Indian rupee lost its fifth straight session as it slipped 22 paise to 87.78 against the US dollar. It was because the Indian traders braced for 50 per cent tariffs on Indian goods.<h3>Crude oil prices are high</h3>The prices of crude oil during early trade were touching their two-week highs, fuelling jitters about rising input costs.

The Bombay Stock Exchange (BSE) Sensex and Nifty 50 plummeted on Tuesday morning because of a variety of factors, including the anxiety for Donald Trump's additional tariff on India taking effect on August 27. 

The Bombay Stock Exchange (BSE) Sensex and NSE's Nifty 50 plummeted on Tuesday morning because of a variety of factors, including the anxiety for Donald Trump's additional tariff on India taking effect on August 27. At 11.18 am, Sensex was at 81,101.35, down 534.55 points; Nifty was at 24,806.55 points, down 161.20 points. At one point, Sensex, which opened at 81,377.39, crashed nearly 700 points. Why is the Indian stock market falling? Trump tariff fears In July, US President Donald Trump imposed a 50 percent tariff on Indian exports to the United States as a penalty on New Delhi for buying Russian oil and weapons. The tariffs will take effect on August 27. There were hopes that Donald Trump and Vladimir Putin would arrive at an agreement on Ukraine during their Alaska Summit. However, the hopes were dashed after the summit turned out to be inconclusive. On Monday, Fitch Ratings said in its outlook report that the tariff would likely hamper business sentiment in India. The stock market crash is the result of apprehensions about Trump's tariffs. FII selling Foreign institutional investors (FII) continued their selling spree in India to look for better avenues to park their investments amid a stable US dollar. On August 25, FIIs pulled Rs 2,466 crore out from Indian equities on August 25. In the first half of August, FIIs pulled out Rs 31,889 crore across eight sectors, including the financial and technology sectors. FII outflows weighed in on investor sentiment. Global cues Weak global cues exacerbated the situation in the Indian stock market, dampening the sentiment. Japan's Nikkei and Korea's Kospi declined by about 1 per cent each. It was after Donald Trump sacked Federal Reserve Governor Lisa Cook, raising doubts over the independence of the US central bank. Other major global stock markets also witnessed a slump. Profit booking Another reason for the market crash could be profit booking after last week's rally. The markets performed well, riding on the central government's proposal to eliminate the Goods and Services Tax (GST) slabs. Rupee weakens The Indian rupee lost its fifth straight session as it slipped 22 paise to 87.78 against the US dollar. It was because the Indian traders braced for 50 per cent tariffs on Indian goods. Crude oil prices are high The prices of crude oil during early trade were touching their two-week highs, fuelling jitters about rising input costs.

The Bombay Stock Exchange and the National Stock Exchange crashed in early trade, a day before US President Donald Trump's tariff against India will take effect. Here's why the Indian stock market crashed.&nbsp;

BSE, NSE crash: 6 reasons why the Indian stock market crashed ahead of Trump tariff

US President Donald Trump on Monday (Aug 25) shared on Truth Social a letter he has sent to Federal Reserve Governor Lisa Cook, firing her. In what marks the latest escalation in Trump's attack on the central bank's independence, the POTUS, in his letter, told Cook he was removing her from her position "effective immediately". The action, as per reports, is based on allegations by a Trump loyalist that the Fed governor had obtained mortgages on two homes while allegedly claiming they were her primary homes. The allegations have not been proved, and just last week, after they came to light, Cook said she had no "intention of being bullied" into stepping down.<h2>Why did Trump fire Cook?</h2>Trump, in the full text of his letter to Cook, stated that he found "sufficient cause" in the allegations against her to fire her. However, reports suggest that Cook's ignoring Trump's demands for lower interest rates could be behind the move. Furthermore, as per the Guardian, Cook's — a Joe Biden appointment — removal would allow Trump to bring in a replacement that would essentially give him more control of the federal policy.

This is the latest retaliatory measure taken by Trump against his political enemies since returning to the White House. While Cook is not a politician, she is a senior Fed policymaker who has repeatedly ignored Trump's calls for rate cuts.Also read | <a href="https://www.wionews.com/world/nikki-haley-tells-india-to-take-trump-seriously-warns-against-choosing-russian-oil-over-ties-with-us-1756001714373">Nikki Haley tells India to 'take Trump seriously,' warns against choosing Russian oil over ties with US</a><h2>What are the mortgage allegations against Cook?</h2>The attack on Cook was led by Trump loyalist Bill Pulte, who was appointed by the POTUS to lead the US Federal Housing Finance Agency. He alleged that the federal officer had claimed two different properties as her primary residences while obtaining mortgages in 2021. On X, Pulte wrote, "How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?" while referring the case to the Department of Justice for investigation.Following this, on Wednesday, Trump on his social media account demanded that Cook "must resign, now!!!". However, Cook, in a statement, said, "I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts."Also read | <a href="https://www.wionews.com/world/who-is-sergio-gor-trump-loyalist-once-dubbed-snake-by-musk-to-be-us-envoy-to-india-all-you-need-to-know-about-him-1755913509372">Who is Sergio Gor? Trump loyalist once dubbed 'snake' by Musk, to be US envoy to India. All you need to know about him</a><h2>Why would multiple mortgages constitute mortgage fraud?</h2>While having mortgages is not fraud, falsely claiming multiple houses as "primary residences" could be considered mortgage fraud. This is because lenders offer more favourable terms, like lower interest rates and smaller down payments, on mortgages for a borrower's primary residence. The reasoning is that a borrower is much less likely to default on a loan for the home they live in, as opposed to a second home or an investment property.

Trump, in a move seen as an escalation of his efforts to control the central bank, has fired Federal Reserve Governor Lisa Cook. Trump cited allegations of mortgage fraud against Cook, which she has denied. 

US President Donald Trump on Monday (Aug 25) shared on Truth Social a letter he has sent to Federal Reserve Governor Lisa Cook, firing her. In what marks the latest escalation in Trump's attack on the central bank's independence, the POTUS, in his letter, told Cook he was removing her from her position "effective immediately". The action, as per reports, is based on allegations by a Trump loyalist that the Fed governor had obtained mortgages on two homes while allegedly claiming they were her primary homes. The allegations have not been proved, and just last week, after they came to light, Cook said she had no "intention of being bullied" into stepping down. Why did Trump fire Cook? Trump, in the full text of his letter to Cook, stated that he found "sufficient cause" in the allegations against her to fire her. However, reports suggest that Cook's ignoring Trump's demands for lower interest rates could be behind the move. Furthermore, as per the Guardian, Cook's — a Joe Biden appointment — removal would allow Trump to bring in a replacement that would essentially give him more control of the federal policy.

Trump, in a move seen as an escalation of his efforts to control the central bank, has fired Federal Reserve Governor Lisa Cook. Trump cited allegations of mortgage fraud against Cook, which she has denied.&nbsp;

Trump fires Biden appointee Fed Governor Lisa Cook; claims 'sufficient cause' of mortgage fraud. What it means

In what is touted as a first in the country and among the largest globally, the Indian Government will be hosting India Maritime Week (IMW) in October 2025, an event that will see participation of leaders from 60 nations, CEOs of maritime-sector firms, stakeholders, professionals, and industry bodies, among others. According to the Indian government, the event will facilitate an investment opportunity of over $114 billion, or Rs. 10 lakh crores.&nbsp;&nbsp;Elaborating on the event, TK Ramachandran, Indian Shipping and Ports Secretary, said that the Indian Maritime Week to be hosted in Mumbai is modelled after similar global events hosted by London, Singapore, Norway, among others. He said that the event would focus on ports, shipping, shipbuilding, seafarers, green shipping, fuel, cruise, inland waterways, heritage, financing, insurance, etc.&nbsp;&nbsp;Outlining how the India Maritime Week 2025 was conceptualised, Sunil Paliwal, Chairperson, Chennai Port Trust, said that the Maritime India Summit 2016 was India’s first large-scale maritime-focused event, and it saw the participation of 40 nations. The summit supported the launch of the Sagarmala Programme and facilitated MoUs worth billions in investment. Sagarmala Project is India’s flagship programme for port-led development, launched in 2015 to harness the country’s 7,500 km coastline and waterways to reduce logistics costs, modernise port infrastructure, enhance port connectivity, promote coastal industrialisation, and develop coastal communities.&nbsp;&nbsp;WATCH: U.S. Debt Crisis: $1 Trillion Added in 48 Days&nbsp;<a href="https://www.wionews.com/videos/u-s-debt-crisis-1-trillion-added-in-48-days-1756143875200/embed">https://www.wionews.com/videos/u-s-debt-crisis-1-trillion-added-in-48-days-1756143875200/embed</a>&nbsp;&nbsp;The Maritime India Summit 2021 was held virtually due to the pandemic but achieved record participation with 1.9 lakh attendees from over 100 countries. The Global Maritime India Summit (GMIS) 2023 expanded India’s maritime vision globally with a hybrid event format. It focused on green corridors, digitalisation, autonomous shipping, and port-led development.&nbsp;During the previous Maritime India Summits, Chennai Port signed over 30 MoUs worth over Rs. 8000 crores. These MoUs were signed for the creation of a bunkering hub, capacity expansion through dredging, construction of tank farms, a multimodal logistics park, skill development with NTCPWC, Ocean Research, development of Sewage Treatment Plants, etc.&nbsp;Highlighting the key achievements of the Shipping and Ports Ministry over the past decade, the secretary said that Indian ports’ cargo handling capacity has risen from 1,500 Million Metric Tonnes per Annum (MMTPA) in 2014-15 to 2,800 MMTPA in 2024-25. Further, he cited that there was a drastic jump in cargo handled via inland waterways—from 7 million tonnes in 2014-15 to 133 million tonnes in 2024-25.&nbsp;&nbsp;According to the government, India Maritime Week (IMW) 2025, scheduled for October 27th-31st in Mumbai, is the nation’s premier platform to showcase progress across the maritime sector, including ports, shipping, and waterways. The event will convene global and domestic leaders to foster dialogue, innovation, and policy initiatives aimed at building a sustainable and future-ready maritime ecosystem. Featuring thematic sessions, business forums, exhibitions, and high-level dialogues, IMW 2025 will catalyse advancing India’s maritime ambitions.

The secretary said that in last 10 years, Indian ports’ cargo handling capacity has risen from 1,500 Million Metric Tonnes per Annum (MMTPA) in 2014-15 to 2,800 MMTPA in 2024-25, while cargo handled via inland waterways rose from 7 million tonnes in 2014-15 to 133 million tonnes in 2024-25.

In what is touted as a first in the country and among the largest globally, the Indian Government will be hosting India Maritime Week (IMW) in October 2025, an event that will see participation of leaders from 60 nations, CEOs of maritime-sector firms, stakeholders, professionals, and industry bodies, among others. According to the Indian government, the event will facilitate an investment opportunity of over $114 billion, or Rs. 10 lakh crores. Elaborating on the event, TK Ramachandran, Indian Shipping and Ports Secretary, said that the Indian Maritime Week to be hosted in Mumbai is modelled after similar global events hosted by London, Singapore, Norway, among others. He said that the event would focus on ports, shipping, shipbuilding, seafarers, green shipping, fuel, cruise, inland waterways, heritage, financing, insurance, etc. Outlining how the India Maritime Week 2025 was conceptualised, Sunil Paliwal, Chairperson, Chennai Port Trust, said that the Maritime India Summit 2016 was India’s first large-scale maritime-focused event, and it saw the participation of 40 nations. The summit supported the launch of the Sagarmala Programme and facilitated MoUs worth billions in investment. Sagarmala Project is India’s flagship programme for port-led development, launched in 2015 to harness the country’s 7,500 km coastline and waterways to reduce logistics costs, modernise port infrastructure, enhance port connectivity, promote coastal industrialisation, and develop coastal communities. WATCH: U.S. Debt Crisis: $1 Trillion Added in 48 Days https://www.wionews.com/videos/u-s-debt-crisis-1-trillion-added-in-48-days-1756143875200/embed The Maritime India Summit 2021 was held virtually due to the pandemic but achieved record participation with 1.9 lakh attendees from over 100 countries. The Global Maritime India Summit (GMIS) 2023 expanded India’s maritime vision globally with a hybrid event format. It focused on green corridors, digitalisation, autonomous shipping, and port-led development. During the previous Maritime India Summits, Chennai Port signed over 30 MoUs worth over Rs. 8000 crores. These MoUs were signed for the creation of a bunkering hub, capacity expansion through dredging, construction of tank farms, a multimodal logistics park, skill development with NTCPWC, Ocean Research, development of Sewage Treatment Plants, etc. Highlighting the key achievements of the Shipping and Ports Ministry over the past decade, the secretary said that Indian ports’ cargo handling capacity has risen from 1,500 Million Metric Tonnes per Annum (MMTPA) in 2014-15 to 2,800 MMTPA in 2024-25. Further, he cited that there was a drastic jump in cargo handled via inland waterways—from 7 million tonnes in 2014-15 to 133 million tonnes in 2024-25. According to the government, India Maritime Week (IMW) 2025, scheduled for October 27th-31st in Mumbai, is the nation’s premier platform to showcase progress across the maritime sector, including ports, shipping, and waterways. The event will convene global and domestic leaders to foster dialogue, innovation, and policy initiatives aimed at building a sustainable and future-ready maritime ecosystem. Featuring thematic sessions, business forums, exhibitions, and high-level dialogues, IMW 2025 will catalyse advancing India’s maritime ambitions.

The secretary said that in last 10 years, Indian ports’ cargo handling capacity has risen from 1,500 Million Metric Tonnes per Annum (MMTPA) in 2014-15 to 2,800 MMTPA in 2024-25, while cargo handled via inland waterways rose from 7 million tonnes in 2014-15 to 133 million tonnes in 2024-25.

60 nations to take part in India Maritime Week; $114bn investment opportunity, says govt

Buying a Rolls Royce luxury car just remains a dream for many and is a significant milestone for even the most wealthy businessmen, however, there are some ultra-high-net-worth individuals (UHNIs) who have multiple Rolls Royce motorcars. Recently, in a mind-numbing development, one such UHNI from Kolhapur, Maharashtra, took delivery of not just one but three Rolls-Royce vehicles in a single day. The lineup included a Cullinan Series II, a Ghost Series II, and the all-electric Spectre EV—together valued at approximately a staggering ₹27 crore. And the filthy rich individual is Sanjay Ghodawat.&nbsp;The Supercar Club India shared the photograph showing the three Rolls Royce cars parked next to each other on their Instagram page. In the image, Sanjay Ghodawat, the owner of these three Rolls Royce cars, is also seen standing in the middle. The first vehicle is the Cullinan Series II, then there is the Ghost Series II, while the Spectre EV is parked at the end.&nbsp;<h2>Who is this UHNI Sanjay Ghodawat?</h2>&nbsp;For the unaware, Sanjay Ghodawat is the Chairman of the Sanjay Ghodawat Group (SGG). His company has multiple businesses in various sectors including energy, aviation, consumer goods, food processing, and education. He is also the Chairman of Sanjay Ghodawat University.&nbsp;The first vehicle from the left in the picture is the Rolls Royce Cullinan Series II, considered the most luxurious SUV in the world. Ghodawat has chosen the classy shade of Iguazu Blue for his Cullinan Series II. It is the second-generation model, with slimmer LED headlights and new L-shaped LED DRLs.&nbsp;

Rolls Royce Cullinan Series II

&nbsp;&nbsp;It also has a slightly tweaked front grille, refreshed front and rear bumpers, and new alloy wheels. On the inside, it has a full-width glass panel called the “Gallery” and the new Rolls Royce Spirit infotainment system. A 6.75-litre twin-turbocharged V12 petrol motor powers the Cullinan Series II, making 571 bhp and 850 Nm of torque.&nbsp;The transmission duties are handled by an 8-speed automatic gearbox, and it has an all-wheel-drive system. The standard Cullinan Series II is priced at Rs 10.50 crore (ex-showroom), while the Black Badge variant of this SUV is priced at Rs 12.25 crore (ex-showroom).&nbsp;The second luxury model in the middle is the Rolls Royce Ghost Series II, the second-generation Ghost’s facelifted iteration. Its pricing starts at Rs 8.95 crore. Ghodawat has picked the classy shade of Bohemian Red for this sedan that comes with redesigned headlights, refreshed bumpers, and new alloy wheels.&nbsp;

Rolls Royce Ghost Series II

&nbsp;&nbsp;The same 6.75-litre twin-turbocharged V12 petrol motor powers the Ghost Series II also, but here it produces 563 bhp and 850 Nm of torque.&nbsp;WATCH: Chinese Property Giant Evergrande Delisted After Spectacular Fall&nbsp;<a href="https://www.wionews.com/videos/chinese-property-giant-evergrande-delisted-after-spectacular-fall-1756133958470/embed">https://www.wionews.com/videos/chinese-property-giant-evergrande-delisted-after-spectacular-fall-1756133958470/embed</a>&nbsp;&nbsp;The last vehicle in the image that ignites further envy is the Rolls Royce Spectre EV, the luxury brand’s first and only electric vehicle available for sale. This coupe EV starts at Rs 7.5 crore, and the billionaire has chosen the classy shade of Imperial Jade (Green). Spectre EV has a massive 102 kWh battery pack, which offers a range of 530 km.&nbsp;

Rolls Royce Spectre EV

&nbsp;It has a dual-motor setup that is capable of pushing out 585 bhp and 900 Nm of torque. Despite being heavy, the EV can reach from 0 to 100 kmph in just 4.5 seconds. Actor Ram Charan also owns this electric coupe from Rolls Royce.

The Supercar Club India shared the photograph showing the three Rolls Royce cars parked next to each other on their Instagram page, with Sanjay Ghodawat, their owner, standing in the middle. The first car is the Cullinan Series II, then there is Ghost Series II, and Spectre EV parked last.

Buying a Rolls Royce luxury car just remains a dream for many and is a significant milestone for even the most wealthy businessmen, however, there are some ultra-high-net-worth individuals (UHNIs) who have multiple Rolls Royce motorcars. Recently, in a mind-numbing development, one such UHNI from Kolhapur, Maharashtra, took delivery of not just one but three Rolls-Royce vehicles in a single day. The lineup included a Cullinan Series II, a Ghost Series II, and the all-electric Spectre EV—together valued at approximately a staggering ₹27 crore. And the filthy rich individual is Sanjay Ghodawat. The Supercar Club India shared the photograph showing the three Rolls Royce cars parked next to each other on their Instagram page. In the image, Sanjay Ghodawat, the owner of these three Rolls Royce cars, is also seen standing in the middle. The first vehicle is the Cullinan Series II, then there is the Ghost Series II, while the Spectre EV is parked at the end. Who is this UHNI Sanjay Ghodawat? For the unaware, Sanjay Ghodawat is the Chairman of the Sanjay Ghodawat Group (SGG). His company has multiple businesses in various sectors including energy, aviation, consumer goods, food processing, and education. He is also the Chairman of Sanjay Ghodawat University. The first vehicle from the left in the picture is the Rolls Royce Cullinan Series II, considered the most luxurious SUV in the world. Ghodawat has chosen the classy shade of Iguazu Blue for his Cullinan Series II. It is the second-generation model, with slimmer LED headlights and new L-shaped LED DRLs.

The Supercar Club India shared the photograph showing the three Rolls Royce cars parked next to each other on their Instagram page, with Sanjay Ghodawat, their owner, standing in the middle. The first car is the Cullinan Series II, then there is Ghost Series II, and Spectre EV parked last.

Indian business magnate buys three Rolls-Royce luxury cars in a day

In a widely recognised ad campaign, Intel called its engineers “rock stars.” Its main branding for years was “Intel Inside,” and for a long time, that was true—nearly every personal computer came equipped with an Intel processor. But today, the company is effectively receiving a virtual bailout from the US government. How did this former semiconductor titan fall from grace? It’s a story of strategic mistakes, slow adaptation to technological shifts, and a global chip war increasingly dominated by China. Here’s how Intel went from captain to cautionary tale.<h2>What’s the current stock status of Intel? A decline in market cap</h2>As of August, Intel’s stock had dropped sharply from its 52-week high of around $51.28 to approximately $25—a fall of nearly 52 per cent. At the end of 2023, the company had a market capitalisation of roughly $210.5 billion. By mid-2025, that had fallen to about $90.6 billion, marking a decline of nearly 57 per cent.<a href="https://www.wionews.com/business-economy/nvidia-set-to-replace-intel-in-the-dow-jones-index-772924">Also read: Nvidia set to replace Intel in the Dow Jones Index</a>&nbsp;<h2>Intel’s early years: The founding story</h2>Intel was founded on 18 July 1968 by pioneering engineers Robert Noyce and Gordon Moore, and was joined by venture capitalist Arthur Rock, who helped secure the company’s initial funding. Originally incorporated as NM Electronics, the name was later changed to Intel—short for “Integrated Electronics.” Noyce is credited as one of the inventors of the integrated circuit. Moore became widely known for Moore’s Law, a prediction that the number of transistors on a chip would double approximately every two years, improving performance while reducing cost. Together, the trio laid the foundation for one of the most influential technology companies in the world.<h2>Intel’s peak: The “rock star” era of the 2000s</h2>During the rise of the internet in the 2000s, Intel dominated the global tech landscape by supplying the hardware that powered most personal computers and laptops, including those made by Microsoft and Apple. In 2009, a marketing campaign presented Intel engineers—such as Ajay Bhatt, co-inventor of USB—as “rock stars,” elevating their image to that of cultural icons. The “Intel Inside” campaign, launched in the 1990s, had already made the company a household name and synonymous with high-performance computing.<h2>Intel missed two buses: Mobile chips and artificial intelligence</h2>Intel’s strong focus on personal computers ultimately contributed to its decline, as global computing shifted rapidly towards smartphones. Intel was not prepared for the mobile revolution, which was led by ARM-based processors developed by companies like Qualcomm. Intel’s processors consumed too much power and were unsuitable for mobile devices.Under CEOs such as Paul Otellini, Brian Krzanich, and Bob Swan, Intel has been accused of prioritising short-term profits over innovation. For example, Krzanich delayed the adoption of extreme ultraviolet lithography (EUV), a move that allowed competitors to overtake Intel in advanced chip manufacturing. During Swan’s tenure, the company reportedly spent billions on stock buybacks instead of investing heavily in research and development.Also read: <a href="https://www.wionews.com/business-economy/trump-administration-in-talks-to-take-stake-in-intel-amid-ohio-factory-delays-1755242765488">Trump administration in talks to take stake in Intel amid Ohio factory delays</a><h2>Rise of AI chip makers: New Kids on the Block</h2>The artificial intelligence boom required high-performance processors, and formerly smaller players like Nvidia seized the opportunity with their graphics processing units (GPUs). In 2020, one of Intel’s key clients, Apple, began transitioning to its own M1 chips—designed in-house and manufactured by TSMC—dealing a significant blow to Intel’s market dominance.<a href="https://www.wionews.com/videos/intel-under-fire-over-ceo-s-china-ties-1754631887353/embed">https://www.wionews.com/videos/intel-under-fire-over-ceo-s-china-ties-1754631887353/embed</a><h2>How Intel lost ground amid global chip wars</h2>The chip wars of the 2020s were triggered by multiple factors, including geopolitical tensions between the US and China, growing demand for AI processing chips, and the global rollout of 5G technology. These factors created a perfect storm that caught Intel off guard. Its once-celebrated integrated design-and-manufacture model became a liability, while competitors like AMD gained market share by leveraging TSMC’s superior fabrication technologies.Intel’s attempts to expand its foundry business faltered. Projects such as the development of glass substrates were scaled back, and the automotive chip division was shut down.&nbsp;In 2024, CEO Pat Gelsinger was removed after Intel’s stock fell by 60 per cent. He was replaced by Lip-Bu Tan, and the company laid off up to 20 per cent of its workforce. Even prominent engineers such as Jim Keller exited.<a href="https://www.wionews.com/india-news/who-is-lip-bu-tan-why-did-donald-trump-demand-his-resignation-alleged-china-links-explained-1754577800317">Also read: Who is Lip-Bu Tan? Why did Donald Trump demand&nbsp;his resignation? China links explained</a><h2>US government ‘bailout’ of Intel: A lender of last resort comes in</h2>Recognising Intel’s importance to national security and technological independence, the US government made a historic intervention under the 2022 CHIPS and Science Act. The company reportedly received up to 10.9 billion dollars—7.9 billion for commercial fabrication facilities in states like Arizona, New Mexico, Ohio, and Oregon, and 3 billion for producing military-grade chips under the Secure Enclave programme.In August 2025, the Trump administration converted roughly 8.9 billion dollars of these grants into a 10 per cent equity stake in Intel, making the US government its largest shareholder.&nbsp;The deal included non-voting shares and a 5 per cent warrant, which would allow the government to expand its stake if Intel’s foundry unit loses majority control.&nbsp;Additionally, SoftBank invested 2 billion dollars in support of Intel’s turnaround efforts.Critics have compared the government's move to the 2008 bailout of the US auto industry, warning that financial aid alone may not resolve Intel’s deeper challenges, such as its technological lag behind TSMC and Nvidia.<h2>Can Intel catch up in the near future?</h2>While a turnaround is not impossible, recent failures suggest caution. Intel has yet to attract major foundry clients like Apple or Nvidia. Its much-publicised Intel 18A process, set to launch in 2025, is already facing scepticism over whether it can match the performance and efficiency of competitors’ offerings.A breakthrough innovation could still restore Intel’s standing, but as of now, its “rock star” era is clearly over. The company faces an uncertain future as it struggles to remain competitive in a global market increasingly dominated by faster-moving rivals—including those from China. &nbsp;

A series of strategic mistakes and the rise of China in chip-making contributed to the collapse of the legendary semiconductor firm which at one point had its hardware inside practically every computer. What went wrong? Here is what you should know

In a widely recognised ad campaign, Intel called its engineers “rock stars.” Its main branding for years was “Intel Inside,” and for a long time, that was true—nearly every personal computer came equipped with an Intel processor. But today, the company is effectively receiving a virtual bailout from the US government. How did this former semiconductor titan fall from grace? It’s a story of strategic mistakes, slow adaptation to technological shifts, and a global chip war increasingly dominated by China. Here’s how Intel went from captain to cautionary tale. What’s the current stock status of Intel? A decline in market cap As of August, Intel’s stock had dropped sharply from its 52-week high of around $51.28 to approximately $25—a fall of nearly 52 per cent. At the end of 2023, the company had a market capitalisation of roughly $210.5 billion. By mid-2025, that had fallen to about $90.6 billion, marking a decline of nearly 57 per cent. Also read: Nvidia set to replace Intel in the Dow Jones Index Intel’s early years: The founding story Intel was founded on 18 July 1968 by pioneering engineers Robert Noyce and Gordon Moore, and was joined by venture capitalist Arthur Rock, who helped secure the company’s initial funding. Originally incorporated as NM Electronics, the name was later changed to Intel—short for “Integrated Electronics.” Noyce is credited as one of the inventors of the integrated circuit. Moore became widely known for Moore’s Law, a prediction that the number of transistors on a chip would double approximately every two years, improving performance while reducing cost. Together, the trio laid the foundation for one of the most influential technology companies in the world. Intel’s peak: The “rock star” era of the 2000s During the rise of the internet in the 2000s, Intel dominated the global tech landscape by supplying the hardware that powered most personal computers and laptops, including those made by Microsoft and Apple. In 2009, a marketing campaign presented Intel engineers—such as Ajay Bhatt, co-inventor of USB—as “rock stars,” elevating their image to that of cultural icons. The “Intel Inside” campaign, launched in the 1990s, had already made the company a household name and synonymous with high-performance computing. Intel missed two buses: Mobile chips and artificial intelligence Intel’s strong focus on personal computers ultimately contributed to its decline, as global computing shifted rapidly towards smartphones. Intel was not prepared for the mobile revolution, which was led by ARM-based processors developed by companies like Qualcomm. Intel’s processors consumed too much power and were unsuitable for mobile devices. Under CEOs such as Paul Otellini, Brian Krzanich, and Bob Swan, Intel has been accused of prioritising short-term profits over innovation. For example, Krzanich delayed the adoption of extreme ultraviolet lithography (EUV), a move that allowed competitors to overtake Intel in advanced chip manufacturing. During Swan’s tenure, the company reportedly spent billions on stock buybacks instead of investing heavily in research and development. Also read: Trump administration in talks to take stake in Intel amid Ohio factory delays Rise of AI chip makers: New Kids on the Block The artificial intelligence boom required high-performance processors, and formerly smaller players like Nvidia seized the opportunity with their graphics processing units (GPUs). In 2020, one of Intel’s key clients, Apple, began transitioning to its own M1 chips—designed in-house and manufactured by TSMC—dealing a significant blow to Intel’s market dominance. https://www.wionews.com/videos/intel-under-fire-over-ceo-s-china-ties-1754631887353/embed How Intel lost ground amid global chip wars The chip wars of the 2020s were triggered by multiple factors, including geopolitical tensions between the US and China, growing demand for AI processing chips, and the global rollout of 5G technology. These factors created a perfect storm that caught Intel off guard. Its once-celebrated integrated design-and-manufacture model became a liability, while competitors like AMD gained market share by leveraging TSMC’s superior fabrication technologies. Intel’s attempts to expand its foundry business faltered. Projects such as the development of glass substrates were scaled back, and the automotive chip division was shut down. In 2024, CEO Pat Gelsinger was removed after Intel’s stock fell by 60 per cent. He was replaced by Lip-Bu Tan, and the company laid off up to 20 per cent of its workforce. Even prominent engineers such as Jim Keller exited. Also read: Who is Lip-Bu Tan? Why did Donald Trump demand his resignation? China links explained US government ‘bailout’ of Intel: A lender of last resort comes in Recognising Intel’s importance to national security and technological independence, the US government made a historic intervention under the 2022 CHIPS and Science Act. The company reportedly received up to 10.9 billion dollars—7.9 billion for commercial fabrication facilities in states like Arizona, New Mexico, Ohio, and Oregon, and 3 billion for producing military-grade chips under the Secure Enclave programme. In August 2025, the Trump administration converted roughly 8.9 billion dollars of these grants into a 10 per cent equity stake in Intel, making the US government its largest shareholder. The deal included non-voting shares and a 5 per cent warrant, which would allow the government to expand its stake if Intel’s foundry unit loses majority control. Additionally, SoftBank invested 2 billion dollars in support of Intel’s turnaround efforts. Critics have compared the government's move to the 2008 bailout of the US auto industry, warning that financial aid alone may not resolve Intel’s deeper challenges, such as its technological lag behind TSMC and Nvidia. Can Intel catch up in the near future? While a turnaround is not impossible, recent failures suggest caution. Intel has yet to attract major foundry clients like Apple or Nvidia. Its much-publicised Intel 18A process, set to launch in 2025, is already facing scepticism over whether it can match the performance and efficiency of competitors’ offerings. A breakthrough innovation could still restore Intel’s standing, but as of now, its “rock star” era is clearly over. The company faces an uncertain future as it struggles to remain competitive in a global market increasingly dominated by faster-moving rivals—including those from China.

A series of strategic mistakes and the rise of China in chip-making contributed to the collapse of the legendary semiconductor firm, which at one point had its hardware inside practically every computer. What went wrong? Here is what you should know

Intel's fall: Firm that once called its engineers 'rock stars' is now on US govt crutches amid China chip wars. How did it get here?

New Delhi: The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT).&nbsp;In an interview with ANI, Parbat explained that the apex income tax body has moved away from archaic terminology and complex explanations that previously made tax laws difficult for ordinary citizens to comprehend.&nbsp;"The common assessee, if he reads the provisions, he can understand what the law says in his case," Parbat said. “The common person will be able to know his rights. He will be able to understand the law under which he is paying income tax.”&nbsp;The CBDT has adopted tabular formats and contemporary language to replace outdated legal terminology.&nbsp;Parbat emphasised that this approach will provide greater certainty to taxpayers and reduce the likelihood of future legal disputes.&nbsp;"The language is simple. We have used tabular forms. We have done away with archaic words and written in a more simpler language. This is definitely going to provide more certainty to assessees," he stated.&nbsp;CBDT member Parbat also lauded Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their leadership.&nbsp;A dedicated committee was constituted on February 13, the same day the Bill was introduced in Parliament, to work on simplification and formulation of new rules and forms.&nbsp;The committee completed substantial work and conducted public consultations, receiving thousands of suggestions from citizens. The committee had suggested a few changes, which were understandably accommodated in the new legislation.&nbsp;"The committee has been working day and night," Parbat noted. “All these new rules and forms are being sent to the TPL division in the CBDT, where they will be examined and re-examined.”&nbsp;According to CBDT, all new rules and forms would be ready for rollout by the end of this year, ahead of the Act's implementation on February 26, 2026.&nbsp;Addressing concerns about enforcement powers, Parbat clarified that the new Act explicitly mentions powers that were already available to income tax authorities, particularly regarding digital assets and online evidence collection.&nbsp;"Evidences are available online. They are kept in clouds, and undisclosed income is being invested in virtual digital assets. We need to have access to all of this," he explained.&nbsp;The CBDT will introduce new Standard Operating Procedures (SOPs) for handling digital assets, with these powers being invoked only during search, seizure, and survey operations, which remain limited in number each financial year.&nbsp;Regarding pending tax litigation cases, Parbat assured that the CBDT is making full-fledged efforts to dispose of cases as quickly as possible through administrative preparedness.&nbsp;The Government had proposed in the budget in July 2024 that a time-bound comprehensive review of the Income-tax Act, 1961, would be undertaken to make the Act concise, lucid, and easy to read and understand.&nbsp;The Government had introduced the Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025, and it was soon referred to the Select Committee for examination.&nbsp;The Select Committee laid its report in the Lok Sabha on July 21, 2025, with suggestions. The BJP MP Baijayant Panda-headed 31-member Select Committee had suggested a few changes to the legislation.&nbsp;The previous Bill was withdrawn, only to be reintroduced and passed in the Parliament, with a few changes.

The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT).

New Delhi: The new Income Tax Act has been formulated using simple language to eliminate complicated legal challenges and make tax provisions more accessible to common taxpayers, according to RN Parbat, Member (Legislation) at the Central Board of Direct Taxes (CBDT). In an interview with ANI, Parbat explained that the apex income tax body has moved away from archaic terminology and complex explanations that previously made tax laws difficult for ordinary citizens to comprehend. "The common assessee, if he reads the provisions, he can understand what the law says in his case," Parbat said. “The common person will be able to know his rights. He will be able to understand the law under which he is paying income tax.” The CBDT has adopted tabular formats and contemporary language to replace outdated legal terminology. Parbat emphasised that this approach will provide greater certainty to taxpayers and reduce the likelihood of future legal disputes. "The language is simple. We have used tabular forms. We have done away with archaic words and written in a more simpler language. This is definitely going to provide more certainty to assessees," he stated. CBDT member Parbat also lauded Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their leadership. A dedicated committee was constituted on February 13, the same day the Bill was introduced in Parliament, to work on simplification and formulation of new rules and forms. The committee completed substantial work and conducted public consultations, receiving thousands of suggestions from citizens. The committee had suggested a few changes, which were understandably accommodated in the new legislation. "The committee has been working day and night," Parbat noted. “All these new rules and forms are being sent to the TPL division in the CBDT, where they will be examined and re-examined.” According to CBDT, all new rules and forms would be ready for rollout by the end of this year, ahead of the Act's implementation on February 26, 2026. Addressing concerns about enforcement powers, Parbat clarified that the new Act explicitly mentions powers that were already available to income tax authorities, particularly regarding digital assets and online evidence collection. "Evidences are available online. They are kept in clouds, and undisclosed income is being invested in virtual digital assets. We need to have access to all of this," he explained. The CBDT will introduce new Standard Operating Procedures (SOPs) for handling digital assets, with these powers being invoked only during search, seizure, and survey operations, which remain limited in number each financial year. Regarding pending tax litigation cases, Parbat assured that the CBDT is making full-fledged efforts to dispose of cases as quickly as possible through administrative preparedness. The Government had proposed in the budget in July 2024 that a time-bound comprehensive review of the Income-tax Act, 1961, would be undertaken to make the Act concise, lucid, and easy to read and understand. The Government had introduced the Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025, and it was soon referred to the Select Committee for examination. The Select Committee laid its report in the Lok Sabha on July 21, 2025, with suggestions. The BJP MP Baijayant Panda-headed 31-member Select Committee had suggested a few changes to the legislation. The previous Bill was withdrawn, only to be reintroduced and passed in the Parliament, with a few changes.

A dedicated committee was constituted on February 13, the same day the Bill was introduced in Parliament, to work on simplification and formulation of new rules and forms.

New Income Tax Act written in simple language. Here's why