&w=3840&q=100)
Stock Market LIVE: GIFT Nifty muted; Asia mixed; China Q2 GDP, Q1 nos. eyed
7:09 AM
Stock Market LIVE Updates: Temasek's India exposure hits $50 bn, eyes $3-4 bn annual investments
Stock Market LIVE Updates: Temasek Holdings, the Singapore government-owned investment firm, has increased its exposure to India to more than $50 billion as of March this year, up from $37 billion a year earlier, reinforcing its confidence in the country's long-term economic trajectory.
The investment firm plans to deploy $3 billion-4 billion annually in India, a senior executive said in an interview with Business Standard.
'We are long-term investors,' said Ravi Lambah, head of India and strategic initiatives, here on Monday. READ MORE
7:04 AM
Stock Market LIVE Updates: President Donald Trump on Monday threatened to impose 'secondary tariffs' on Russia's trade partners 'at about 100 per cent' if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.
'We're very, very unhappy with them, and we're going to be doing very severe tariffs, if you don't have a deal in 50 days, tariffs at about 100 per cent, they call them secondary tariffs,' Trump said from the White House while meeting with NATO's secretary general, Mark Rutte.
The president said that he is 'disappointed' with Putin, because he thought they would have had a deal months ago.
If a ceasefire deal is not reached by September, said Trump, 'we're going to be doing secondary tariffs.'
Trump also announced Monday that the United States would send 'billions of dollars worth of military equipment' purchased from American companies, paid for by European countries and delivered to NATO allies to be sent on to Ukraine.
Trump's announcement — coupled with the secondary tariff threat against Russia — marks a shift in the president's support for Ukraine, and underscores his growing frustration with the Russian leader.
7:03 AM
Stock Market LIVE Updates: Electric two-wheeler firms in talks with govt for localisation relief
Stock Market LIVE Updates: Electric two-wheeler (e2W) firms have approached the Ministry of Heavy Industries (MHI), seeking exemptions from including
electric motors in the localisation calculations under the production-linked incentive (PLI) scheme for automobile and auto components — and from the phased manufacturing programme (PMP) localisation requirement for subsidy eligibility under the PM Electric Drive Revolution in Innovative Vehicle Enhancement scheme.
In a meeting with the MHI, 2W companies told the government that their stock of rare earth magnets is dwindling, leaving them with no option but to import electric motors — already fitted with rare earth magnets — directly from China. Earlier, many companies would import the magnets from China and assemble the motors locally. READ MORE
7:02 AM
Stock Market LIVE Updates: India-US trade talks moving fast as fresh deadline nears: Piyush Goyal
Stock Market LIVE Updates: Commerce and Industry Minister Piyush Goyal on Monday said that talks between India and the United States (US) are progressing rapidly, at a time when negotiators from New Delhi have arrived in Washington for a week-long round of intense discussions.
'Trade talks between the two nations are going at a fast pace, in the spirit of mutual cooperation, so that we can come out with a win-win agreement,' Goyal said.
A team of officials headed by Chief Negotiator and Commerce Department Special Secretary Rajesh Agrawal are back in Washington—less than two weeks after the conclusion of the previous round of talks. Thereafter, the US administration extended the deadline for the imposition of country-specific reciprocal tariffs by three weeks to 31 July. READ MORE
6:59 AM
Stock Market LIVE Updates: US markets end higher on Monday
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Business Standard
37 minutes ago
- Business Standard
Air India to partially resume international flights from August 1
Air India on Tuesday announced the partial restoration of its international flight schedule, which had been curtailed under a 'safety pause' following the fatal crash of flight AI171 last month, with some frequencies returning from August 1 and full restoration targeted by October 1. The announcement comes days after India's Aircraft Accident Investigation Bureau (AAIB) released its preliminary report on the 12 June crash. The report revealed that both engine fuel switches on the Air India Boeing 787 had moved from RUN to CUTOFF seconds after take-off from Ahmedabad, causing a loss of thrust and the subsequent crash. The tragedy killed 241 people on board and 19 on the ground. The cause of the mid-air switch movement remains undetermined. 'Air India today announced the partial restoration of schedules that were reduced pursuant to its 'Safety Pause', taken following the tragic accident of AI171 on 12th June 2025,' the airline said in a statement issued Tuesday evening. 'That Pause enabled Air India to perform additional precautionary checks on its Boeing 787 aircraft as well as accommodating longer flying times arising from airspace closures over Pakistan and the Middle East,' it noted. The first phase of the restoration will begin on 1 August and continue through September. During this period, a new route will be introduced: a thrice-weekly flight between Ahmedabad and London Heathrow, replacing the current five-times-weekly Ahmedabad–London Gatwick service. The airline will also reinstate flights on several curtailed routes. From 16 July, all 24 weekly flights between Delhi and London Heathrow will operate as scheduled. Starting 1 August, Delhi–Zurich will increase from four to five weekly flights, while Delhi–Tokyo Haneda will resume its full seven-weekly schedule. Delhi–Seoul Incheon will return to five weekly flights from 1 September. However, some routes will continue with reductions. From 1 August, Bengaluru–London Heathrow will drop from six to four weekly flights. Delhi–Paris will be cut from 12 to seven weekly flights and Delhi–Milan from four to three from 16 July. Other European routes like Delhi–Copenhagen, Delhi–Vienna and Delhi–Amsterdam will remain below full frequency until September, with Amsterdam scheduled to return to daily service on 1 August. In North America, multiple routes will operate fewer weekly flights through September. Delhi–Washington remains at three weekly flights, while Delhi–Chicago will operate three weekly in July and four weekly in August. Delhi–San Francisco, Delhi–Toronto, Delhi–Vancouver and Delhi–New York (JFK and Newark) will also continue at reduced frequencies. Mumbai–New York JFK will drop to six weekly flights from 1 August. Flights to Australia are similarly affected. Both Delhi–Melbourne and Delhi–Sydney remain reduced to five times weekly. In Africa, Delhi–Nairobi has resumed service at three weekly flights until 31 August but will be suspended for the entire month of September. Air India confirmed that four routes will remain suspended until 30 September: Amritsar–London Gatwick, Goa (Mopa)–London Gatwick, Bengaluru–Singapore and Pune–Singapore. 'As the schedule reductions taken as part of the Safety Pause had been implemented until 31 July and the restoration to full operation is being phased, some services initially planned to operate between 1 August and 30 September will be removed from the schedule,' the airline stated. 'Air India is proactively contacting affected passengers to offer re-booking on alternative flights or a full refund, as per their preference,' it added.
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First Post
43 minutes ago
- First Post
How Donald Trump's weapon deal with Ukraine is inviting Maga ire
US President Donald Trump's decision to send weapons to Ukraine to help its defence against Russia has some in the Make America Great Again (Maga) movement irate. Here's what some leading figures in Maga land including Congresswoman Marjorie Taylor Greene and Steve Bannon are saying and the potential fallout read more US President Donald Trump has taken a harsher line on Vladimir Putin recently. Reuters File Since the moment he announced he was running for president, Donald Trump's base has had unshakable faith in him. They stayed with him through the Access Hollywood tape when it looked like his campaign was at an end. They remained loyal after he was defeated by Joe Biden in the 2020 election and during the January 6 insurrection at the Capitol. Trump himself had boasted about his followers' loyalty, saying he could probably get away with shooting someone on 5th Avenue. STORY CONTINUES BELOW THIS AD However, seven months into his second term, the Make America Great Again (Maga) movement seems to be growing more upset with Trump. Why is this happening? Because of the Ukraine war, which Trump vowed to end 'within 24 hours' of taking office. But it's not so much as the war continuing itself. More specifically, it's about Washington sending weapons to Kyiv to defend itself. But what happened? What is Maga world saying? Let's take a closer look: What happened? Trump returned to the Oval Office as the 'anti-war candidate'. He claimed that Kamala Harris getting the top job would make World War III an inevitability. He vowed to bring an end to the war between Russia and Ukraine quickly and painlessly. He had criticised the US' proclivity to get into 'forever wars' or endless wars. He repeatedly vowed that he was going to 'stop wars' instead of starting them. As a candidate during the previous elections, he had also taken shots at the 'warmongers and America-last' globalists including his rivals Nikki Haley in 2024 and Jeb Bush in 2016. 'Let's kill people all over the place and let's make a lot of money for those people that make the messes', Trump said of Haley in January 2024. STORY CONTINUES BELOW THIS AD 'We should have never been in Iraq,' Trump said in February 2016. 'They lied. They said there were weapons of mass destruction. There were none and they knew that there were none.' However, his actions as president during his 2nd term have been nearly diametrically opposed to what he said on the campaign trail. Not only has Trump supported Israel's war in Gaza, he has also conducted airstrikes on the Houthis. Many in his Maga base, whose patience and love for Israel runs deep, have backed him up on this. Some even supported Trump bombing Iran's nuclear facilities. A B-52 Stratofortress assigned to the 2nd Bomb Wing at Barksdale Air Force Base, Louisiana, takes off at Andersen Air Force Base, Guam, on April 14, 2023. (Representative Photo, Credit: US Air Force) However, it looks like Trump's decision to send weapons to Ukraine to help in its war with Russia may be one war too many for the Maga faithful. Trump on Monday announced that the United States would be sending weapons to Ukraine via Nato. Trump, during a meeting with Nato Secretary-General Mark Rutte, announced that the organisation would pay for the weapons. STORY CONTINUES BELOW THIS AD 'We've made a deal today where we are going to be sending them weapons and they're going to be paying for them', Trump said. He also warned Russia to end the war with Ukraine in 50 days. Trump on Sunday had said the US would send Ukraine 'various pieces of very sophisticated military equipment'. 'We will send them Patriots, which they desperately need,' Trump added. While Trump didn't specify the number of Patriot batteries to be sent he said 'they're going to have some because they do need protection'. Trump has long since called for other nations in Nato to increase their defence spending. Many in the orthodox wing of the Republican Party, known as the hawks, have erupted with joy. Republican Senator Lindsey Graham of South Carolina, a huge Trump supporter, said it was a turning point'. 'The game, regarding [Vladimir] Putin's invasion of Russia, is about to change', Graham added. This decision came a week after the Pentagon paused the flow of weapons to Ukraine. STORY CONTINUES BELOW THIS AD This decision, seemingly made by the deputy defence secretary and signed off by his boss Pete Hegseth, was initially celebrated by some in the Maga camp. Trump in recent weeks has taken a harsher line on Russian President Vladimir Putin, whom he previously praised. These recent events have cast a pall over Maga world, many of whom have taken a stance that is just short of being pro-Russia. What is Maga world saying? Some in Maga world are furious with Trump's decision. Republican Congresswomen Marjorie Taylor Greene on social media slammed 'backdoor deals through Nato'. Greene said the development was in stark contrast to what she promised voters on the campaign trail. 'It's not just Ukraine; it's all foreign wars in general and a lot of foreign aid,' she said. 'This is what we campaigned on. This is what I promised also to my district. This is what everybody voted for. And I believe we have to maintain the course.' 'Without a shadow of a doubt, our tax dollars are being used', she added. 'I said it on every rally stage: no more money to Ukraine. We want peace. We just want peace for those people,' she said. 'And guess what? People haven't changed'. STORY CONTINUES BELOW THIS AD Surface-to-air missile launchers of the Patriot (Wisla) system newly added into the Integrated Battle Command System (IBCS) at an army base in Sochaczew, Poland. File image/Reuters Former Trump strategist Steve Bannon, who many during the first term referred to as 'Trump's brain', also slammed the decision. Bannon on his podcast called the Ukraine conflict a "European war". 'Ukraine is getting so dangerous", Bannon said. 'It's a European war. Let Europe deal with it'. 'They have the resources. They have the manpower'. 'We're about to arm people we have literally no control over', Bannon added. 'This is old-fashioned, grinding war in the bloodlands of Europe - and we're being dragged into it'. A former Trump campaign official said Europe buying the weapons somewhat mitigates the anger from the Maga base. 'But we still hate it,' the official told Politico. 'This is not our war, and escalation isn't in America's interest'. The larger question is if this Ukraine decision will cause Trump's base to turn on him in the long run. Ukraine unpopular with Republicans Data show that Ukraine isn't very popular with Republicans. Just 59 per cent of Republicans think the US is helping Ukraine 'too much,' as per a March poll. STORY CONTINUES BELOW THIS AD That number was at 56 per cent in another poll. Just 1 in 10 Republicans want the US more involved in the conflict. There are also little concerns about Russia within the party. Rescue workers extinguish a fire of a house destroyed by a Russian strike in Markhalivka village, Kyiv region, Ukraine. AP file/Representative image Only 25 per cent of Republican-leaning Americans said they are 'extremely' or 'very' concerned about Russia defeating Ukraine in a March poll. Only 29 per cent said they were concerned that Russia would invade other nations. A mere 40 per cent think Russia is the 'enemy'. A Reuters poll also showed 58% of Republicans tended to agree with the statement 'the problems of Ukraine are none of our business, and we should not interfere.' A majority of Republicans (63-34) also oppose sending weapons and money to Ukraine. Remember, the base right now is already irate at Trump over his handling of the files related to the Jeffrey Epstein allegations. While Trump has called on his supporters to 'move on' from the Epstein saga, many Maga supporters show no signs of being inclined to do so. STORY CONTINUES BELOW THIS AD However, history shows that the Maga faithful have always trailed in the direction that Trump led them in. While the idea of conducting strikes on Iran initially repulsed some on the right, eight in 10 Republicans afterwards backed up their Commander-in-Chief. Since so many in Maga land have stuck with Trump through thick and thin, it is unlikely that Ukraine will be the final straw. With inputs from agencies
NDTV
an hour ago
- NDTV
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Washington: US President Donald Trump has said he's "disappointed but not done" with his Russian counterpart, Vladimir Putin, who is showing no signs of ending the war in Ukraine. Trump gave a 50-day deadline to Moscow to end its conflict with Ukraine or face 100 per cent sanctions. But privately, he reportedly also encouraged Ukraine to step up strikes deep into Russian territory-- as far as Moscow or St Petersburg. Voicing his fresh frustration with Moscow, Trump also laid out an arrangement with the North Atlantic Treaty Organisation (NATO) to supply Kyiv with new military aid sponsored by the alliance's members. But Trump's departure from his previous stance of ending US involvement in the Russian conflict is reportedly not sudden. Per a report by Financial Express, the US leader's frustration with Putin had been brewing for a while, as in a July 4 phone call with Ukrainian President Volodymyr Zelensky, he had proposed providing long-range weapons to Kyiv to hit targets deep in Russia. "Volodymyr, can you hit Moscow?... Can you hit St Petersburg too?" Trump reportedly asked Zelensky on the call. Zelenskyy replied, "Absolutely. We can if you give us the weapons." While it remains unclear whether Washington will deliver such weapons, Trump on Sunday said the US will send Patriot air defence missiles to Ukraine, saying they are necessary to defend the country because Russian President Vladimir Putin "talks nice but then he bombs everybody in the evening." Trump's call to Zelensky reportedly came after he spoke with Putin and was left convinced that Moscow had no plan to halt its war machine. The American President's move underscores his deepening frustration with Putin's refusal to engage in ceasefire talks proposed by him to end the war that he once vowed to end in a day. Trump has signalled that his changing stance on Russia is intended to "make them [Russians] feel the pain" and force the Kremlin to the negotiating table, according to the Financial Times report. The Republican is also forcing Moscow and Kyiv to open peace talks to end the conflict, now in its fourth year, but Russia has rejected calls for a ceasefire and launched a record number of drones and missiles at Ukraine in recent months. The Kremlin warned on Tuesday that Trump's pledge of more weapons for Kyiv and threat of sanctions targeting Russian trading partners could embolden Ukraine and further delay already stalled peace efforts. "It seems that such a decision made in Washington and in NATO countries and directly in Brussels will be perceived by Kyiv not as a signal for peace but for the continuation of the war," Kremlin spokesman Dmitry Peskov told reporters. "President Trump's statement is very serious. We certainly need time to analyse what was said in Washington," he told reporters in Moscow's first reaction to the comments.
