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Business Standard
3 hours ago
- Business Standard
Nifty futures fall, oil rises after US tariffs on India over Russian energy
The Nifty futures fell and crude prices rose after US President Donald Trump on Wednesday issued an executive order imposing an additional 25 per cent tariff on goods from India over its purchase of Russian energy. The Gift Nifty futures declined up to 0.9 per cent before recovering and were trading at 24,535 — down 95.5 points or 0.39 per cent — as of 8:45 pm. Oil prices climbed, with Brent crude trading at $69.2, up 0.85 per cent. The benchmark Nifty ended Wednesday's session at 24,574, down 75 points or 0.3 per cent. The latest tariffs are in addition to the 25 per cent tariffs already in place. 'The recovery of Gift Nifty indicates that the markets are likely to take Trump's announcement in their stride and are not shocked. Additional tariffs are more of a theatre and negotiation tool than an actual imposition,' said UR Bhat, co-founder, Alphaniti Fintech. 'We expect the markets to fall by 1–2 per cent in a knee-jerk reaction, but most would expect a resolution. Impact on GDP will be around 30–40 basis points if these tariffs are sustained for a year,' said Dhiraj Relli, managing director and chief executive officer, HDFC Securities. Trump on Tuesday had accused India of fuelling Russia's war machine. The US President had earlier escalated trade tensions by unilaterally imposing a 25 per cent tariff after months of negotiations. The additional tariffs come ahead of an August 8 deadline that Trump gave Russia to reach a truce with Ukraine. He has also threatened secondary tariffs on buyers of Russian energy.
Mint
5 hours ago
- Mint
WhatsApp takes down 6.8 million accounts linked to criminal scam centers, Meta says
AP Updated 6 Aug 2025, 07:58 PM IST NEW YORK (AP) — WhatsApp has taken down 6.8 million accounts that were 'linked to criminal scam centers' targeting people online around that world, its parent company Meta said this week. The account deletions, which Meta said took place over the first six months of the year, arrive as part of wider company efforts to crack down on scams. In a Tuesday announcement, Meta said it was also rolling new tools on WhatsApp to help people spot scams — including a new safety overview that the platform will show when someone who is not in a user's contacts adds them to a group, as well as ongoing test alerts to pause before responding. Scams are becoming all too common and increasingly sophisticated in today's digital world — with too-good-to-be-true offers and unsolicited messages attempting to steal consumers' information or money filling our phones, social media and other corners of the internet each day. Meta noted that 'some of the most prolific' sources of scams are criminal scam centers, which often span from forced labor operated by organized crime — and warned that such efforts often target people on many platforms at once, in attempts to evade detection. That means that a scam campaign may start with messages over text or a dating app, for example, and then move to social media and payment platforms, the California-based company said. Meta, which also owns Facebook and Instagram, pointed to recent scam efforts that it said attempted to use its own apps — as well as TikTok, Telegram and AI-generated messages made using ChatGPT — to offer payments for fake likes, enlist people into a pyramid scheme and/or lure others into cryptocurrency investments. Meta linked these scams to a criminal scam center in Cambodia — and said it disrupted the campaign in partnership with ChatGPT maker OpenAI.
Economic Times
5 hours ago
- Economic Times
Indian bond yields spike 9 bps to 6.42% after RBI policy
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
