Our take on Srinagar rail link, Ukraine's drone strikes, census delays and more—in 50 words
RBI's 50 bps rate cut is a bold step. It will unlock funds for companies and consumers alike
This week, we saw Ukraine's drone strikes deep into Russia, Goa taxi owners' protests against a possible introduction of app-based aggregators, and further delays in the population census. Read our 50-word editorials on them and much more.
Musk has gotten away with his trade against Trump. It shows maturity of the American system
Pakistan Defence Minister's Simla Agreement remark shows he has a foot-in-mouth disease
All-weather rail link to Srinagar is demonstration of unputdownable Indian will to fight terror
US Supreme Court has started the process of ending DEI. A new wave of lawsuits awaits
5 June
Trump's bill in Congress will bring a deficit disaster for US. Economy isn't run on faith
Census delay is inexcusable. Political convenience can't be prioritised over governance
Goa taxi owners' protest against aggregators is about losing monopoly. Govt mustn't give in
4 June
Bengaluru stampede will spark probe, blame game. Bottomline is India can't handle its crowds
Quota for Ladakh residents is a good move. It should open talks about other core demands
3 June
BJP's CT Ravi counting Kannadigas in RCB is absurd identity politics. Be a sport
2 June
Ukraine and Russia are already at the negotiating table. That's how grown-up countries behave
Prem Shukla's remarks on Congress spokesperson's mother are vile. BJP must expel him
Drone warfare is well and truly here. And it has upended conventional strategic edge
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United News of India
33 minutes ago
- United News of India
PMK Chief Ramadoss says differences with son will be resolved, Amit Shah right in declaring NDA will form govt in 2026 in TN
Chennai, June 8 (UNI) Amid the widening rift between the father-son duo in the first family of PMK and the continuing reconciliatory efforts by senior leaders stressing unity, its Founder on Sunday said the differences with his son Dr Anbumani on leadership and alliance issue for the 2026 key Assembly polls will be resolved soon, while observing that Union Home Minister and senior BJP leader Amit Shah was right in his assertion that the NDA will form the government in Tamil Nadu in 2026. Dr Ramadoss remarks was seen as a climb down from his hardened stance that led to the differences with Dr Anbumani--who he said was insisting on an alliance with the BJP for 2026 polls--having realised the imperative need for the PMK to face the polls as an united party instead of a divided house. Dr Ramadoss, who had earlier said that every problem has a solution, while referring to the media querieson the ongoing row with his son, said the differences with Dr Anbumani will be resolved soon. "Only then we can face the elections (as a united party)", he added. On Mr Amit Shah's declaration in his address at the BJP Party workers meeting in Madurai that "the change starts from 'corrupt' ruling DMK will be ousted and the BJP-AIADMK led NDA will form the government in Tamil Nadu in 2026", the PMK Founder, who had earlier seemed to be disinclined to have an electoral tie up with the saffron party that widened the differences with his son, said "he (Amit Shah) is right in his remarks that the NDA will form the government in 2026 in Tamil Nadu". This remark of Dr Ramadoss can be seen as a significant shift in his stand, while hinting that the PMK was ready for returning back to the NDA fold. Refusing to make comments about any political party at this juncture, the senior Ramadoss, without taking any names, said "if we are with them, they will talk highly about us (PMK). If not, they will talk in a different way". This is not the time to make any comment about any political party and said the PMK's poll and alliance strategy will be announced in two to three months time. UNI GV 2050
Time of India
34 minutes ago
- Time of India
Is Elon Musk's feud with Donald Trump a teaser for his political ambitions? Rumors spiral as 'Muskians' weigh in
In an unexpected twist that's rippling through political and tech circles alike, Elon Musk and Donald Trump—once perceived as two towering allies of influence—are now locked in a public spat that's as volatile as their personalities. The feud , which has evolved from sharp remarks to veiled accusations, is fueling whispers of a deeper political pivot for the Tesla and SpaceX boss. Could this be Musk's unofficial campaign trailer for a future role in politics ? From Compliments to Cold Wars The dramatic fallout began when Trump, speaking alongside German Chancellor Friedrich Merz, commented coolly on his past rapport with Musk: 'Elon and I had a great relationship… I don't know if we will anymore.' The remark came after Musk voiced criticism of Trump's Big Beautiful Bill (BBB)—a sweeping debt-cutting proposal. Trump quickly countered, accusing Musk of attacking the bill to safeguard Tesla's electric vehicle subsidies. Musk didn't hold back. In a stunning escalation, he suggested on social media that Trump may be implicated in the "Epstein files," sending speculation into overdrive. The insinuation lit up the internet, while Trump fired back with threats to strip Musk of his multi-billion-dollar government contracts, suggesting this would be a quick way to 'save billions' in the federal budget. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Political Chess or Genuine Rift? As the drama unfolded, Republican Congressman Thomas Massie stepped in with a striking perspective. Massie dismissed the idea that Musk was ever driven by tax incentives, claiming the billionaire's involvement with political figures had cost him more than it gained. 'So many politicians get into politics for personal benefit,' Massie said while talking with Fox News . 'Elon's motivations go beyond that.' According to Radar Online, t his clash has left the Republican base visibly shaken. Trump loyalists are reeling, struggling to reconcile their admiration for both men. Some online users, affectionately dubbed "Muskians," appear to be navigating what commentators are calling the 'seven stages of political grief.' And with Musk increasingly weighing in on legislative matters and electoral dynamics, some believe he's testing the waters for a deeper dive into the political arena. You Might Also Like: Donald Trump vs Elon Musk feud sparks meme fest online: From WrestleMania edits to Simpsons spoofs A New Kind of Candidate? Massie's suggestion that Musk should engage more with primary elections than general contests is telling. Not all Republicans are cut from the same cloth, and Musk's vocal criticism of Trump-era policies—paired with his ever-growing influence—could position him as a disruptive force within the GOP, or even beyond it. Critics argue that Musk's interventions highlight a broader shift in conservative politics, where tech moguls and billionaire capitalists wield growing influence over party ideology and public discourse. But the tension also exposes a deeper fear: that Musk, with his staggering wealth, massive online following , and visionary allure, could reshape political engagement altogether—perhaps as a candidate, or at least as a kingmaker. — RepThomasMassie (@RepThomasMassie) From Boardroom to Ballot? For now, Musk hasn't made any formal moves toward a political office. But the ferocity of his feud with Trump, paired with his increasing interest in legislative decisions, is leaving many to wonder: is this more than a battle of egos? Is it a preview of a seismic shift in American political leadership? Whatever the truth may be, one thing is clear—the Musk-Trump rift is more than just personal. It's political, it's public, and it might just be the start of Elon Musk's most uncharted journey yet. You Might Also Like: Elon Musk's estranged daughter Vivian revels in his rift with US President Donald Trump: 'Love being right' You Might Also Like: Trump vs Elon Musk: Why are they fighting? Tesla CEO makes explosive claim about US President's Epstein files connection
Mint
34 minutes ago
- Mint
Market geared for fresh upmove post RBI action
The surprise monetary easing on Friday ignited an aggressive selling of Nifty put options, indicating that India's benchmark stock index is poised for a surge when the market opens on Monday. On Friday, the Reserve Bank of India's monetary policy committee (MPC) transmitted a clear signal for growth, slashing the benchmark repo rate by 50 basis points (bps) and the cash reserve ratio requirement (CRR) by 100 bps. Traders responded by selling a huge quantum of put options at Nifty's 25,000 level, reflecting the belief that the index would clock smart gains on Monday. Open interest (OI) in Nifty's weekly 25000 strike put expiring on Thursday rose a whopping 470% to 83,472 contracts on Friday after the policy announcement. Open interest is the total number of outstanding derivative contracts. Sriram Velayudhan, senior vice-president, IIFL Capital Services, said this reflects the fresh trigger for markets from the RBI's unexpected action. "The outsized cuts in the repo rate and the unexpected significant easing of the CRR have given a bullish texture to the market," said Velayudhan. "Most mutual funds are underweight financials and IT, and with this cut, we expect fresh buying in rate-sensitives, which will prop up the market. One of the signals of bullishness is reflected in the sale of the ATM (at-the-money) put, which shows the high confidence of the traders." At-the-money refers to options which trade at or close to the current market price of an underlying index or stock. 'Bullish sign' Rajesh Palviya, SVP (head of derivatives & technical research), Axis Securities agreed with Velayudhan's take on the index. "Writing puts at the same level as the Nifty is a very bullish sign," said Palviya, who raised the range for the Nifty to 24900-25500 from 24500-25100 after the RBI action. Traders have baked in a range of 24670-25330 for the Nifty this week with an immediate bias to the upper end of the range, Palviya added. Also read | Has RBI unleashed its arsenal too soon for the economy? Traders sell more put options relative to call options when they believe markets will rise, enabling them to pocket the premiums paid by the put buyers—investors who buy put options either to punt or to hedge their portfolios against anticipated volatility. Conversely, traders sell more calls than puts when they expect markets to fall. The Nifty closed 1% higher at 25003.05 on Friday after RBI cut the rate at which it lends to banks (repo) by a greater-than expected 50 bps to 5.5% against the market estimate of 25 bps. It also reduced the share of total deposits banks must park with it (CRR) by 100 bps in tranches to 3%. The policy panel also shifted monetary policy stance to neutral from accommodative. FPIs trim positions Meanwhile, foreign portfolio investors (FPIs) trimmed their short index futures positions to 92730 contracts on Friday from 106,988 contracts a day earlier. Retail and high net worth investors (HNIs) booked some profits on their bullish index futures positions by reducing these to a net long 61524 contracts on Friday from 68669 net long contracts on Thursday. FPIs have turned net buyers of Indian shares since mid-April as the dollar weakened and the US bond yields fell. After selling ₹2.85 trillion worth of shares in the secondary market between October and March, fuelling a 9% fall in the Nifty to 23519, they net purchased shares worth ₹21,327 crore in April and May, aiding the Nifty's recovery by 5.2% to 24751 by the end of last month. Also read | RBI to soon issue easier gold loan rules for small-ticket borrowers Since then, FPIs turned net sellers worth ₹12,077 crore in the month through 5 June, as per NSDL, which hadn't released the figure for Friday. However, BSE data shows that FPIs net purchased shares worth a provisional ₹1009.71 crore on Friday, while domestic institutional investors purchased a net ₹9,342.48 crore. BSE data shows that DIIs absorbed the FPI selling at lower levels, net buying ₹3.75 trillion worth of stocks between October last year and March this year. Their buying of ₹1.2 trillion since March end to 6 June drove the recovery from a multi-month low to 21743.65 on 7 April to 25003.05. From March end to 6 June, FPIs net invested ₹10,260 crore in the cash market, NSDL data showed. Jyoti Jaipuria, founder of PMS firm Valentis Advisors, is bullish on markets after the RBI policy, as he believes the rate cut and CRR reduction, could spur consumption demand, leading to better earnings growth. He is bullish on small cap companies in the financial, chemicals, pharma and engineering segments. Also read | RBI aims to boost economic growth, liquidity with jumbo rate and CRR cuts
