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‘West Seeks Russophobic Belt': Russia Accuses NATO Chief Of Cold War-Style Subversion Tactics

‘West Seeks Russophobic Belt': Russia Accuses NATO Chief Of Cold War-Style Subversion Tactics

Time of India2 days ago
Trump Thinks 50% Tariff on India Has Put Pressure on Russia, Ex-US Official Calls His Strategy Wrong
Donald Trump claims his 50% tariff on India's Russian oil imports has delivered a 'big blow' to Moscow, saying Russia's economy is 'not doing well' due to the disruption. Trump revealed he was prepared for even tougher measures until a call from Vladimir Putin led him to pause for possible talks. But the move has triggered criticism from former Pentagon official Michael Rubin, who calls the policy misguided and hypocritical, pointing out America's own imports of Russian-linked resources. India, one of Russia's top oil buyers, has rejected US trade pressure, affirming it will not compromise its strategic autonomy or energy security. While Trump frames the tariffs as a geopolitical masterstroke to weaken Moscow amid the Ukraine conflict, Rubin insists the US is wrong to target India. The clash underscores a deep divide over how Washington should handle New Delhi, as an ally or as leverage in the global power game.#trump #india #russia #tariff #pmmodi #usindia #russianoil #trumptariffs #indiausrelation #indiarussiarelation #michaelrubin #trumpnews #worldnews #energycrisis #geopolitics #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews
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US to cooperate with Pakistan over critical minerals, hydrocarbons: Secretary of State Rubio
US to cooperate with Pakistan over critical minerals, hydrocarbons: Secretary of State Rubio

New Indian Express

time6 minutes ago

  • New Indian Express

US to cooperate with Pakistan over critical minerals, hydrocarbons: Secretary of State Rubio

WASHINGTON: The US government on Wednesday stated that it is "looking forward" to strengthening its cooperation with Pakistan in areas of critical minerals and hydrocarbons, with a renewed focus on economic cooperation in other emerging sectors. Announcing its intent in a congratulatory message on Pakistan's Independence Day, the US Secretary of State Marco Rubio, in a statement, highlighted the importance of continued collaboration between the two nations. "On behalf of the United States, I extend our warm congratulations to the people of Pakistan as they celebrate their Independence Day on August 14," Rubio said in the statement issued by US Department of State. He also acknowledged Pakistan's engagement with the US on key fronts, particularly counterterrorism and trade. "The United States deeply appreciates Pakistan's engagement on counterterrorism and trade. We look forward to exploring new areas of economic cooperation, including critical minerals and hydrocarbons, and fostering dynamic business partnerships which will promote a prosperous future for Americans and Pakistanis," the statement further read. The message comes at a time when Washington is actively seeking to further its ties with India's terror-harbouring neighbour. Earlier in July, US President Donald Trump announced a trade deal with Pakistan, touting a joint initiative to develop oil reserves in the country and even floated the idea that "some day" Islamabad might sell oil to New Delhi. In a post on Truth Social, Trump stated that the US and Pakistan are currently in the process of selecting the oil company for the partnership. "We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves. We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they'll be selling Oil to India some day!" Trump stated. Meanwhile, the Trump administration had also announced the lowest tariff rates for Pakistani goods to the US in South Asia in his new tariff plans announced earlier this month, with 19 percent imposed on Islamabad. India, on the other hand, faced a 25 percent tariff under the new plan. Trump later announced an additional 25 percent tariff on Indian goods to the US, bringing the total to 50 percent, due to India's continued oil purchases from Russia. The Ministry of External Affairs (MEA) has slammed the US's move to impose additional tariffs, calling it "unfair, unjustified and unreasonable", and further noted that New Delhi would take "all actions necessary to protect its national interests." Notably, Pakistan's Army Chief Asim Munir visited the US for the second time in less than two months, where he reportedly said Pakistan could use nuclear weapons to take down India and "half the world" in the event of an existential threat during an event in Florida. The trip comes after a private luncheon with Trump in June, during which the Pakistan Army Chief recommended Trump's name for the Nobel Peace Prize.

Infosys acquires majority stake in Australian IT firm for $150 million
Infosys acquires majority stake in Australian IT firm for $150 million

Mint

time6 minutes ago

  • Mint

Infosys acquires majority stake in Australian IT firm for $150 million

India's second largest software services provider Infosys will acquire a 75% stake in Australian information technology (IT) company Versent Group for over $150 million (AUD 233.25 million), the Bengaluru-based company said on Wednesday. This marks Infosys' third acquisition in under six months and is expected to close in the second half of FY26. As part of the deal, Infosys will form a joint venture (JV) with Versent parent Telstra Group Ltd, Australia's largest telecom company, which will retain the remaining 25% stake. Versent Group, which develops cloud solutions for clients and has about 650 people, generated about $138 million in revenue for the year ended June 2025. This implies that even if Infosys does not grow its business of $19.28 billion this year, its revenue is expected to grow by atleast 0.72% in FY26. 'Expanding our trusted collaboration with Telstra, with whom we share a valued relationship, unveils a new opportunity to further accelerate the innovation agenda for enterprises across the region,' said Salil Parekh, chief executive of Infosys, as part of the company's filings on Wednesday. For Infosys, Telstra is not a new client. The IT outsourcer had announced a multi-year software engineering and IT transformation partnership with Telstra last year and a similar one with Telstra International earlier this year to streamline operations. This year, Infosys also bought US-based MRE Consulting and Australian cybersecurity firm The Missing Link for about $98 million combined—taking its 2025 acquisition tally to roughly $254 million. The latest announcements imply that Infosys is looking at growth from acquisitions in times of uncertainty regarding client spending and muted demand, as tariff-related dangers impede clients from spending on crucial tech revamps. According to the company's management, the company got 40 basis points of its 2.6% sequential revenue growth in constant currency terms during the April-June 2025 period from its acquisitions of MRE and Missing Link. 'And for the full year also, it will be a similar number,' said Jayesh Sanghrajka, during the company's post-earnings media press conference on 23 July. Infosys ended the first quarter with $4.94 billion in revenue, up 4.46% sequentially. The company also raised its lower end of the revenue guidance for the year to 1-3% citing a strong order book. Still, Infosys's shift towards acquisitions tracks peer Cognizant Technology Solutions Corp, which has depended on acquisitions for much of its yearly growth last quarter. Cognizant ended last quarter with $5.25 billion, up 2.54% sequentially. Cognizant reported 8.2% year-on-year growth in the January–March period and 7.2% in the April–June quarter, both in constant currency terms. Growth from its Belcan and Thirdera acquisitions contributed 4% in Q1, and Belcan alone added a similar share in Q2, according to the company's release. This suggests that the company's organic growth is slipping, raising concerns about its ability to win business discounting acquisitions. For Infosys, the acquisitions come at a time when there has been a dearth of deals valued at over $1 billion in more than a year's time. Nevertheless, the company has brought investors some cause for cheer. Driven by energy companies, Infosys's 4.5% sequential growth was the fastest among top five peers including Tata Consultancy Services Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd last quarter. While HCLTech and Tech Mahindra increased their revenue by 1.34% and 0.97% sequentially, TCS and Wipro reported a revenue decline of 0.59% and 0.35%, respectively. Each of the larger IT outsourcers are struggling to win big ticket deals and the ones they have, are being lost to smaller, more nimble competitors. This has impacted the first quarter of the top five which has to now counter macro uncertainty and Gen AI. For now, about 9.1% of the company's first quarter revenue, or about $450 million comes from the 'Rest of World' segment which include geographies except North America, Europe, and India. Atleast one analyst said this was done to gain market share within the Australian market. 'We're seeing a demand for tighter and closer partnerships with key partners,' said R Wang, founder of Constellation Research. 'The strength of Versent's partnership relationships and customer list is why they made the acquisition,' added Wang.

Ex-Diplomat Vikas Swarup says US relations with Pakistan is ‘short term, motivated by…'
Ex-Diplomat Vikas Swarup says US relations with Pakistan is ‘short term, motivated by…'

Mint

time6 minutes ago

  • Mint

Ex-Diplomat Vikas Swarup says US relations with Pakistan is ‘short term, motivated by…'

Former diplomat Vikas Swarup explained on Wednesday as to why he believes that the United States' relation with Pakistan is "short-term." The former High Commissioner to Canada and author of Slumdog Millionaire, Swarup said, "We have to look at US' relationship with Pakistan in a different lens from the US' relationship with India." In an interview with news agency ANI, Swarup said he believes that "the relationship with Pakistan right now is a very tactical one and is a short-term one." He added that the US' relationship with Pakistan is 'primarily motivated by the financial gain that the [US President Donald] Trump family and [US' Special Envoy to the Middle East Steve] Witkoff family hope to make from the cryptocurrency assets in Pakistan.' Explaining his view about the US' relation with India, Vikas Swarup said, "With India, I think, the relationship is much more strategic." "It is not so transactional as it is with Pakistan. That is why I personally feel that it is a passing phase," he said. "I call it a storm, not a rupture. You just have to wait out the storms. All storms eventually pass," the ex-diplomat added. Vikas Swarup told ANI that Pakistan is reportedly positioning itself as the "Crypto King" of South Asia, possibly through its association with World Liberty Financial, which has ties to Trump's family and Steve Witkoff's family. "More importantly, I think Pakistan is now trying to position itself as the 'Crypto King' of South Asia and there, through World Liberty Financial, in which Trump's family has stakes, Steve Witkoff's family has a stake, through that I think Pakistan has managed to project an image of itself as a reliable these things have led to Trump having a softer approach towards Pakistan," said the former diplomat. When asked about Trump's 'highest tariff' on imported Indian goods, Vikas Swarup stressed that these tariffs are part of a broader strategy to exert pressure and secure favourable trade terms from India. "But that does not mean that he has given up on India or that India is now an adversary for him. I think this is part of his pressure tactics to secure a more favourable deal. India should not cave in because our strategic autonomy is non-negotiable," Swarup told ANI. In July, US President Donald Trump announced a 25 per cent tariff on Indian goods along with an unspecified penalty. Days later, he imposed another 25 per cent tariff, bringing the total to 50 per cent, citing India's purchase of Russian oil. Swarup said that India has not caved in to US pressure. He said, 'India should not cave in because our strategic autonomy is non-negotiable.' Attacking Trump over his huge tariffs, Swarup said, '...If you cave in to a bully then the bully will increase his demands. Then there will be even more demands.' "So, I think we have done the right thing. India is too large, too proud a country to become a camp follower of any other country. Our strategic autonomy has been the bedrock of our foreign policy right from the 1950s. I don't think that any government in Delhi can compromise on that," said former diplomat Vikas Swarup on the tariff rift between India and the US.

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