Rupee appreciated 40 paise to close at 86.99 against US dollar
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India.com
28 minutes ago
- India.com
‘Sudarshan Chakra, You Mean?': Russian Envoy's Hindi Twist On S-400 Question Stuns Everyone
New Delhi: A press briefing at the Russian Embassy turned lively on Wednesday (August 20) when Roman Babushkin, Charge d'Affairs of Moscow to New Delhi, chose a uniquely Indian term for Russia's most advanced air defence system. The question came from a journalist on whether India might consider air defence systems like Israel's Iron Dome. Babushkin smiled, leaned forward and asked in return, 'You mean Sudarshan Chakra?' He did not stop there. With an amused expression, he added, 'Next time ask in Hindi, I can answer better!' India has already purchased the S-400 missile system from Russia. In Indian defence circles, the system carries the tag of 'Sudarshan Chakra'. It came into the spotlight during the four-day clash with Pakistan in May, when the system intercepted enemy missiles and proved its battlefield effectiveness. The comment arrives at a time when the term Sudarshan Chakra has been freshly associated with Prime Minister Narendra Modi's Independence Day speech. He spoke about Mission Sudarshan Chakra, an ambitious national project to build a homegrown air defence shield. The goal is to protect both civilian centres and strategic assets from aerial threats. Babushkin opened the briefing with a warm gesture toward his hosts. In clear Hindi, he declared, 'Shuruat karengey… Shree Ganesh Karengey!' The hall responded with laughter and applause. Throughout the interaction, the deputy chief of mission spoke warmly about India-Russia relations. He also turned sharply critical of American trade policy. Tariffs on India from Washington, he said, show 'a lack of trust and disrespect for national sovereignty'. He stressed that Moscow will remain open for Indian goods. If tariffs in the United States create obstacles, he said, Russia would 'welcome' Indian exports.
Time of India
an hour ago
- Time of India
US trade war hits gamers; Sony raises PS5 prices amid global tariff fallout
Donald Trump 's sweeping tariffs on imported goods are rippling across the global economy, affecting industries from electronics to automobiles, and now, the video game sector is feeling the impact. Sony Interactive Entertainment has announced a $50 price increase for all PlayStation 5 models sold in the United States, effective August 21, 2025, marking the first major US price hike for the console. Similar increases were implemented in Europe earlier this year, highlighting how trade policies are translating into higher costs for consumers worldwide. Under the new pricing, the standard PS5 will cost $549.99 (up from $499.99), the PS5 Digital Edition will rise to $499.99 (from $449.99), and the PS5 Pro will be priced at $749.99 (from $699.99). Accessories for the consoles will remain at current prices. The price hike comes amid ongoing economic pressures linked to tariffs imposed by the Trump administration, which began earlier this month on imported electronics, including Japanese-made products. Industry analysts estimate that these tariffs could cost Sony roughly $685 million annually. Sony cited the 'challenging economic environment' as the primary reason for the adjustment, reflecting a broader trend across the video game industry. Microsoft increased prices for its Xbox consoles and accessories in May 2025, while Nintendo raised prices for its Switch consoles in the US earlier this month, citing market conditions. Live Events Economists warn that if trade tensions continue, particularly with China, other consumer electronics may also see further price increases in the coming months. Gamers are advised to consider these developments when planning future hardware purchases.
Time of India
an hour ago
- Time of India
Putin's Trade Booster To Friend India After Trump's Sanctions Stunt
Another day, another attack on India by the Trump administration. Of course, each day it sounds more bizarre, illogical and personal. White House Press Secretary Karoline Leavitt has said that US President Donald Trump imposed tariffs on India to deter Russia from pursuing the Ukraine conflict. Trump has doubled India's tariff to 50 per cent by slapping an additional 25 per cent levy on the previously announced 25 per cent as punishment for buying Russian mind the fact, that in the early days of the Ukraine war, it was the US that actually encouraged India to buy Russian oil,in order to stabilise the international oil markets. Now, the same United States is gunning for India with a vengeance, singling it out for its purchase of Russian oil, and accusing it of fattening Putin's war chest.
