Hyd bags 4th spot in crypto adoption
'Q2 2025 has been a breakout quarter for crypto globally, and India is no exception. Bitcoin's rally past $123,000, policy shifts in the West, and growing investor confidence have together sparked a surge in participation,' said Balaji Srihari, Vice President, CoinSwitch.
'Crypto is clearly mainstreaming in India, and the fact that a majority of investor wallets are in profit reflects just how far the ecosystem has come. We're seeing Indians build well-rounded portfolios, from blue-chip assets like BTC and ETH to bold bets on Meme and gaming tokens. The momentum is real, the adoption is deepening, and it's making India one of the most dynamic crypto markets in the world,' he added.
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Time of India
30 minutes ago
- Time of India
Trump embraces economic coercion with tariffs as his big stick
Live Events 'Full Power' Popular Resistance (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Back in January, a global survey found that Indians were the most upbeat of any nation about what a second Donald Trump presidency would mean for their country. They're likely having second thoughts just dinged India with a 25% tariff rate — higher than many other Asian nations, though he's leaving the door open for last-minute haggling. He cited New Delhi's own trade barriers, but rebuked Prime Minister Narendra Modi's government over lots of other things too – including its BRICS membership, and close ties with Russia. 'They can take their dead economies down together, for all I care,' he posted on social is taking punitive tariff threats beyond the realm of trade and into other arenas – ramping up pressure on countries to bend to America's will, on matters from war to energy supplies. Trump road-tested the hardball tactic in his first term. Now he's taken it to new US spent years accusing its chief superpower rival China of practicing 'economic coercion' – a label that precisely describes what Trump is doing now. And from his perspective, it's working – especially with allies that depend on the US for military protection. He's gotten the European Union , Japan and South Korea to meekly accept lopsided tariff terms, and customs revenue is pouring all this will deliver a 'golden age' for the US economy – which has slowed since Trump took office – remains to be seen. So does the longer-term fallout for America's relationships with is far from the only case where Trump is wielding trade weapons for unrelated issues. He fired a shot across Mark Carney's bow after the Canadian premier said Wednesday that Canada plans to recognize a Palestinian state – in defiance of Israel and its chief backer, the US.'Wow!' Trump responded on social media. 'That will make it very hard for us to make a Trade Deal with them.'While they call it leverage rather than coercion, Trump's team hasn't been shy about using America's economic and military might to extract concessions from allies and adversaries alike.'We've never had a president who wields the full power of the United States to negotiate good deals for our country,' White House Press Secretary Karoline Leavitt told reporters Thursday. 'This is what maximum leverage looks like.' Stephen Miran, one of Trump's top economic aides, said earlier this month that since the US has the world's biggest consumer market, it can force other countries to accept the cost of has backed away from some of his harsher tariff threats, and at other times he's set deadlines only to extend them — like he just did with Mexico — or indicate that bargaining can stretch past the cutoff his most brazen intervention came during the BRICS summit in Brazil earlier this month. Trump first blasted the 10-member group's 'anti-American policies' and threatened additional tariffs on any country aligning themselves with BRICS. Then he singled out the host nation, without so much as the pretense of addressing trade said he'd impose 50% tariffs on Brazil after demanding that it cease a 'Witch Hunt' against his ally, former President Jair Bolsonaro , and criticizing steps taken against US social media companies — matters that are the prerogative of Brazil's judiciary, not its government. He backtracked somewhat this week, allowing multiple exemptions and giving Brazil an extra week before the maximum tariff rate kicks has given most US partners until Aug. 1 to cough up or suffer additional tariffs, and there's been a flurry of trade agreements – often barely more than frameworks – hashed out ahead of the Trump's pressure, the European Union declined to use its trade heft and signed up to terms that were subsequently denounced by German and French industry. The Europeans were acutely aware that they still depend on the US for weapons and security in the face of Russia's aggression in pressure was there for British Prime Minister Keir Starmer too, when he traveled to not one but two Trump golf courses in Scotland last weekend to try and pin down the details of the UK's framework deal of a few weeks earlier. He instead got a lecture on how British immigration was too lax, North Sea oil taxes were too high, and the UK was misguided to seek clean be sure, the US has been applying economic pressures to get its diplomatic way since long before Trump entered politics. Successive presidents have piled on thousands of sanctions over the last couple of there's something new in Trump's approach. He's questioned the utility of sanctions — which can cut access to dollar-based finance, but risk a backlash against the greenback's global status, something Trump vows to protect. Instead, his weapon of choice is essentially the US consumer. He's betting that other countries can't get by without selling stuff into the world's biggest far he can point to some significant successes. His tariffs are bringing in billions for the US Treasury . Despite dire warnings from critics, the US economy hasn't tanked – though there's been a marked slowdown this year – and the stock market, Trump's preferred gauge of sentiment, is setting fresh only China has retaliated to tariffs in hardball style so far. Mexico has also pushed back to an extent, and got a reward on Thursday when Trump postponed tariff hikes for 90 been some resistance from Brazil and Canada too – and it's proved popular at home in both Luiz Inacio Lula da Silva appears to be reaping the benefit of holding firm. He got a polling boost ahead of elections, while the US exempted key Brazilian goods from the tariffs. Carney enjoys wide support for his opposition to the more egregious of Trump's charges.A broad if provisional conclusion from the upheavals of the past few months might be that Trump-style coercion gets results within the US-led bloc, the jury's still out when it comes to large neutral countries like India and Brazil, and it may be less effective with for instance, hit back hard with curbs on its sales of rare-earth elements – which are vital to advanced US industries. Trump rapidly dialed back his highest China tariffs, as well as some export restrictions, and the countries have reached a kind of truce with talks Trump's demands for a ceasefire in Ukraine haven't had much impact on Vladimir Putin . Trump's given him a deadline of Aug. 8 to strike a deal or face more economic pressure. There's no sign that this is affecting Moscow's conduct of the war, and the Russian army continues to advance.
NDTV
an hour ago
- NDTV
Indian Woman Breaks Down After Being Denied WFH Request On Diwali: "Crying, Sobbing, Angry"
A woman working for an American multinational company recently took to Reddit to express her frustration after being denied time off on Diwali. In her post titled "Just angry-sobbed in a meeting", the woman highlighted how unfair workplace expectations can put employees, especially Indians, at a disadvantage in global firms. The woman shared that she works in a hybrid role at an American MNC, where she is expected to work from the office for a certain number of days, and can work from home the rest of the time. She said that she recently broke down into angry tears during a meeting with her manager after being told she was expected to work from the office during Diwali. "I understand at the end of the day we're just cheap labour for them, but god forbid, I believe we'd have some policies that treat us like humans," the original poster (OP) wrote. In her post, she shared that she had planned to work remotely from her hometown during Diwali but was denied the time off because her manager wanted someone to be physically present in the office. Just angry-sobbed in a meeting. by u/curiousnerd06 in IndianWorkplace The woman highlighted how American and European colleagues can take long vacations during spring break, Thanksgiving or Christmas, but Indians, on the other hand, are expected to work during their festivals. "We're all working Diwali week except 1-2 people will be off on different days so there's some support each day. Understandable. I was expecting to fly home and work from my hometown that week. Until I was told I can't go because someone needs to be in office," she wrote. "Believe me, we're still working on a week we deserve to be off. But now they want us in office. We've saved leaves and WFHs all year for this," the woman continued. She said that she got into a tearful argument with her senior manager when she was told to work from the office during Diwali, which falls on October 20 this year. "I had a crying, sobbing, angry argument with my senior manager and asserted I HAD TO GO HOME. It's the ONE time I get to," she wrote. Eventually, the woman shared that a colleague from her hometown decided to cancel their travel plans to cover office presence, which allowed her to go home. "So technically this wasn't resolved, someone just sacrificed," she pointed out. "Your company truly never cared, never will. Always knew this, but some days are truly frustrating," the woman concluded. The post sparked a wave of reactions, with many social media users sharing similar experiences. "It is not you, it is your managers. I am an Indian working in Germany. Our project has a small team in Pune, and the managers always keep proudly proclaiming in the meetings that their team is so dedicated that they can work on weekends and holidays as well," one user wrote. "Most Indian managers' flex is not optimal resource utilisation, execution or timely delivery. Rather, they would flex about all year, round-the-clock deployment of resources, which is a pointless exercise," commented another. "Well, that's pretty much how things work in Indian MNCs. I do empathise with you, but unfortunately, you won't find any respite here. Everything is 24/7 and #1 priority," wrote a third user.
Hans India
2 hours ago
- Hans India
Trump terms India & Russia as dead economies
Washington: A day after announcing 25% tariffs on India in addition to an unspecified 'penalty' tariff for India purchasing Russian energy and arms, US President Donald Trump has dubbed both the nations as 'dead economies'. Launching a fresh attack on social platform Truth Social, Trump wrote 'I don't care what India does with Russia. They can take their dead economies down together, for all I care.' 'We have done very little business with India, their tariffs are too high, among the highest in the world,' he added. India and the US traded goods worth more than $129bn in 2024, and the US is India's largest trading partner. The two countries have also built a strategic relationship on defence, technology, and other areas, based in large part on a shared desire to contain China. But New Delhi is also the second-largest buyer of Russian oil by value, after China, and Moscow remains its main source of arms, though Indian governments, including that of Prime Minister Narendra Modi, have sought to diversify its weapons procurement in recent years, including from France, the US and Israel. India's largest single export to the US is mobile phones, thanks in large part to Apple's recent push to relocate production of US-bound iPhones from China. Electronics including smartphones, as well as pharmaceuticals, were exempt from Trump's original 'reciprocal tariff' threat. The US president's comments on India and its relationship with Russia will further inflame bilateral tensions at a time when many Indians are angry over Trump's remarks about Pakistan, following a brief military conflict between the south Asian adversaries in May. The stand-off leaves India as a relative outlier after the EU, Japan, South Korea and others have bowed to Washington's tariff pressure and agreed trade deals. Modi's government on Wednesday said it would 'take all steps necessary to secure our national interest'.
