US man buys Trump watch for Rs 54,000, gets 'RUMP' instead
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Mint
a minute ago
- Mint
Amid Trump administration's crackdown on immigrants, US deports five 'barbaric' criminals to small African nation
The Donald Trump administration deported five men convicted of violent crimes to Eswatini, a tiny African kingdom, on Tuesday. The deportees – from Vietnam, Jamaica, Laos, Cuba, and Yemen – included murderers and child rapists whose home countries refused to take them back. Homeland Security spokesperson Tricia McLaughlin called them 'uniquely barbaric' criminals now 'off American soil'. The flight followed a recent Supreme Court ruling allowing deportations to countries where migrants have no ties. New immigration rules let officials deport people with just 6 hours' notice in emergencies. Eswatini (formerly Swaziland) – a nation smaller than New Jersey with 1.2 million people – hasn't explained its agreement to accept the deportees. Ruled by King Mswati III since 1986, it's Africa's last absolute monarchy and bans political parties. Pro-democracy groups protested the secrecy, with SWALIMO spokesperson Ingiphile Dlamini stating: 'There's been no official communication about this deal' . Critics worry the poor country can't safely manage violent criminals and note its history of human rights abuses, including torturing detainees. This marks the second African deportation this month; eight men were sent to war-torn South Sudan earlier. The Trump administration is actively seeking similar deals with Rwanda, Angola, and other African nations. While West African leaders discussed accepting deportees during recent White House visits, Nigeria publicly refused, calling it unacceptable. The U.S. has also sent hundreds of Venezuelans to Central American prisons, but Africa is now a focus for 'third-country' removals. Analysts suggest poor nations may agree in exchange for U.S. aid or trade benefits. UN experts and lawyers argue the policy violates international law by sending people to countries where they risk torture. Justice Sonia Sotomayor previously criticized similar deportations, warning migrants could face torture or death. Under the new rules, U.S. officials aren't required to ask if deportees fear persecution in the third country. Homeland Security Secretary Kristi Noem defended the practice, claiming partner nations will 'take care of them'. However, South Sudan still hasn't revealed the whereabouts of the eight men it received.
Indian Express
3 minutes ago
- Indian Express
HDB Financial Services share price sinks 3% after Q1 earnings
HDB Financial Services Share Price: Shares of HDB Financial Services Limited fell around 3 per cent on Wednesday (July 16). Shares of HDB Financial Services settled at Rs 816.05 apiece on NSE. On BSE, the shares of HDB Financial Services declined 3.13 per cent to settle at Rs 814.75. On Tuesday, HDB Financial Services reported a 2.4 per cent decline in net profit at Rs 568 crore for the first quarter of this financial year. Its net profit was at Rs 582 crore during April-June quarter of 2024-15, HDB Financial Services, a subsidiary of HDFC Bank, said in a regulatory filing. The company said its net total income was at Rs 2,726 crore as on June 30, 2025, compared to Rs 2,387 crore as on June 30, 2024, a growth of 14.2 per cent. Its asset under management (AUM) was Rs 1,09,690 crore as on June 30, 2025, up 14.7 per cent from the year-ago period. As on June 30, 2025, HDB Financial Services said its net interest income stood at Rs 2,092 crore, compared to Rs 1,768 crore in the year-ago period, a growth of 18.3 per cent. HDB Financial Services Limited is a component of the BSE IPO. According to the BSE analytics (as of July 16), shares of HDB Financial Services gave negative returns of 3.08 per cent and 3.11 per cent in the last 1 week and 2 weeks, respectively. Shares of HDB Financial Services Ltd listed on NSE and BSE on July 2. It got listed with a premium of nearly 14 per cent against the issue price of Rs 740. The company's stock began trading at Rs 835, a 12.83 per cent jump from the issue price on the BSE. At the NSE, shares of the firm were listed at Rs 835. The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding. The mega initial public offer (IPO) had a price band of Rs 700-740 per share.
NDTV
4 minutes ago
- NDTV
Insurers In India Race To Tie Up With Tesla Amid EV Boom
New Delhi: Elon Musk's electric vehicle (EV) giant has come to India, but a bigger question that people are asking is who will be the insurance provider for the American auto maker? Acko has been named as Tesla's preferred insurer in India, sources said. Bajaj Allianz and ICICI Lombard, however, are also hot in the race to get into tie-ups with Tesla for insurance for their India vehicles, people with direct knowledge of the matter said. The talks are in early stages and no terms have been finalised yet, they said, adding the insurers are pitching for non-exclusive tie-ups with Tesla. The decision will depend on Tesla's insurance department working out of the company's Hong Kong or Singapore offices, sources in the EV maker said. Tesla will need to get a motor insurance service provider licence from the Insurance Regulatory and Development Authority of India (IRDAI), which will take some months, sources said. It is only after Tesla gets the licence that it will be able to sign proper tie-ups with insurance firms, they said. Comments from Bajaj Allianz and ICICI Lombard are awaited. Tesla made its much-awaited entry into India on Tuesday with the launch of its Model Y at a starting price of Rs 59.89 lakh. The company's first experience centre is in Mumbai. The Model Y will be imported to India as completely built units (CBU) from its manufacturing facility in China's Shanghai. The mid-sized electric SUV Model Y will be offered in India in two variants -- rear wheel drive with base price at Rs 59.89 lakh, and long-range rear wheel drive at a base price of Rs 67.89 lakh. The deliveries are likely to begin in the third and fourth quarter of 2025, respectively, for the two variants. Initially, registration and delivery will start in Delhi, Mumbai, and Gurugram, the company said, adding that through its Tesla Design Studio, customers will be able to customise their Model Y exterior, interior, and even its features.
