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August 7, 2025 3:08 PM

New US tariffs no big problem for India, which has huge domestic market: Mark Mobius

Billionaire investor Mark Mobius on Thursday said that the upcoming 50 per cent tariffs on India, announced by US President Donald Trump, are unlikely to significantly impact the country, thanks to its massive domestic market and relatively lower dependence on exports compared to China. Speaking to IANS, Mobius - who manages the Mobius Emerging Markets (EM) Opportunities Fund - said that India is better positioned than many other nations to withstand the effects of the new tariffs. “India ha...

August 7, 2025 11:03 AM

UCLA says Trump administration froze $584 million of its federal funding

President Donald Trump's administration has frozen $584 million in federal funding for the University of California, Los Angeles, UCLA said on Wednesday after the government reprimanded the university over pro-Palestinian protests. The Trump administration has threatened to cut federal funds for universities over pro-Palestinian protests against U.S. ally Israel's war in Gaza. The government alleges universities, including UCLA, allowed antisemitism during the protests. Large demonstrations to...

August 7, 2025 9:39 AM

US tariffs: India must seize this moment to become greater than ever, says Anand Mahindra

Top industrialist Anand Mahindra on Wednesday emphasized that India must use the imposition of 50% tariffs by the US as a catalyst to make the nation greater than ever. He urged the country to seize this moment to shape a virtuous outcome amid the evolving global trade environment. According to the Mahindra & Mahindra Chairman, the “law of unintended consequences” is quietly at play in the ongoing tariff war triggered by the United States. “The EU may appear to have accepted the evol...

August 6, 2025 2:30 PM

US Tariff Hike Unlikely to Impact Indian Economy Significantly: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that the recent US tariff hike is not expected to have a major impact on the Indian economy, unless retaliatory tariffs come into play. Addressing a press conference following the monetary policy announcement, Malhotra said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.” He a...

August 6, 2025 12:46 PM

Trump declines to say if he supports or opposes potential Gaza takeover by Israel

U.S. President Donald Trump declined to say whether he supported or opposed a potential military takeover of Gaza by Israel and said his administration's focus was on increasing food access to the Palestinian enclave under assault from Washington's ally. KEY QUOTES "I know that we are there now trying to get people fed," Trump told reporters on Tuesday. "As far as the rest of it, I really can't say. That's going to be pretty much up to Israel." Trump said Israel and Arab states were going to ...

August 5, 2025 10:18 AM

US could require up to $15,000 bonds for some tourist visas under pilot program

The U.S. could require bonds of up to $15,000 for some tourist and business visas under a pilot program launching in two weeks, a government notice said on Monday, an effort that aims to crack down on visitors who overstay their visas. The program gives U.S. consular officers the discretion to impose bonds on visitors from countries with high rates of visa overstays, according to a Federal Register notice. Bonds could also be applied to people coming from countries where screening and vetting i...

August 5, 2025 12:19 AM

MEA defends India’s oil imports from Russia; calls US, EU criticism ‘unjustified, unreasonable’

The Ministry of External Affairs (MEA) on Monday defended India’s continued import of oil from Russia amid criticism from the United States and the European Union (EU), terming such objections “unjustified and unreasonable.” Responding to questions over energy trade with Russia since the commencement of the Ukraine conflict, the MEA clarified that India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global ma...

August 3, 2025 10:51 AM

Trump reaffirms support for Morocco’s sovereignty over Western Sahara

U.S. President Donald Trump has reaffirmed support for Morocco's sovereignty over Western Sahara, saying a Moroccan autonomy plan for the territory was the sole solution to the disputed region, state news agency MAP said on Saturday. The long-frozen conflict pits Morocco, which considers the territory as its own, against the Algeria-backed Polisario Front, which seeks an independent state there. Trump at the end of his first term in office recognised the Moroccan claims to Western Sahara, whic...

August 3, 2025 10:51 AM

Federal agency opens probe into former Trump prosecutor Jack Smith

A U.S. federal agency has opened a formal investigation into former Special Counsel Jack Smith, who oversaw two criminal probes into President Donald Trump following his first term in the White House. The Office of Special Counsel confirmed to Reuters that it was investigating whether Smith violated the Hatch Act, a law prohibiting federal employees from using their position for political activity. The decision follows a request for a probe by U.S. Senator Tom Cotton, an Arkansas Republican. T...

August 1, 2025 10:34 PM

India and Russia have steady, time-tested partnership: MEA

Lauding ties between India and Russia, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal on Friday said that the two nations have a "steady and time-tested partnership." While addressing a weekly media briefing in New Delhi, Jaiswal noted that India's ties with any nation stands on their own merit and should not be seen through the prism of a third nation. When asked if there is a change or a thinking to change India's relationship with Russia, Jaiswal responded, "Our ties with a...