Chikkaballapur ZP contract driver ends life, names MP K Sudhakar, two others in suicide note
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Trump tariffs aftermath: Panic among US businesses as orders worth billions cancelled due to..., companies to layoff workers as...
Representational Image Trump tariffs: US President Donald Trump's latest round of tariffs on Indian imports, which came into effect on August 7, has triggered panic among Indian as well as American businesses as orders worth hundreds of crore have either been cancelled or put on hold since Wednesday, when the Trump administration imposed an 25% penalty on India for buying arms and crude oil from Russia. Why US and Indian businesses are in panic? According to media reports, US businesses are apprehensive because of the additional tariffs on Indian imports which will come into effect on August 27, 2025. The issue of purchasing Russian oil has also been the subject of talks between Indian exporters and American importers, they said. 'After 25 percent tariffs, we will have to pay 15 percent import duty, but the burden will become unbearable when the 50 percent tariff rate kicks in. Our product isn't unique and can be easily replaced by other exporters,' the CEO of an an Indian garments firm that exports Rs 600 crore worth of apparel, told his US client in a phone call, the Times of India reported. The Indian exporter said that apart from his business, Trump tariffs will also affect the livelihood of over 8000 workers in his company. How Trump tariffs impact India's marine exports? Similarly, Thomas Jose, a Kerala-based exporter whose family has been exporting lobsters to the US for three generations, said that a majority of his US buyers called him after the Trump tariffs came into effect, and told him to halt shipments. Jose, who runs the Choice Group– a Kerala based export firm that ships goods worth Rs 900 annually, said his clients said that anything above 25 percent import duty would be unbearable for this business, as the imports goods would be too costly to be sold in the US. India exports marine products worth more than Rs 25,000 crore to the US each year. What about textile and jewellery industry? Meanwhile, India's jewellery industry is also under stress due to the fresh tariffs. Vijay Kumar Mangukiya, the MD of Dhani Jewels– a Surat-based jewellery exporter– revealed his US clients are asking to negotiate on diamond prices to circumvent the effect of Trump's additional 25 percent tariffs. The jeweler said price negotiations are possible till the tariff rate is 25 percent, but will become impossible at 50 percent tariffs. 'The buyer has talked about negotiating with his retail customers to bear the increased price, but if it doesn't happen, then we have no other option but to cancel the order,' he said. In the textile industry, which is likely to be hit hardest due to Trump tariffs, the CEO of an Indian textile export firm said he received a call from his American client, asking the exporter to bear the increased cost. The CEO refused, following which the buyer threatened to shift his order to Bangladesh. Indian textile industry exports goods worth Rs 87,525 crore to the US annually, which is about 28 percent of India's textile imports.
Indian Express
11 minutes ago
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Rapper Fazilpuria shooting case: Gurgaon police nab another suspect in police ‘encounter'
A 24-year-old suspect linked to the shooting incident involving Haryanvi rapper Rahul Fazilpuria last month was apprehended following an alleged police encounter in Gurgaon early on Friday. The accused, identified as Ramandeep, a resident of Sirsa, sustained injuries and will be arrested after hospital discharge, said a police spokesperson. The suspect faces eight cases, including attempt to murder, robbery, dacoity, and drug-related offences, with several pending warrants and instances of jumping bail, the police said. According to the police, the incident occurred near NSG Camp at 1.20 am when a Crime Branch team spotted Ramandeep riding a motorcycle without a number plate and attempted to stop him. He fled, crashed his bike, and fired four shots at the police, said an officer. 'This prompted the police to retaliate by firing two shots, one in the air and the other hitting him in the leg. He was then apprehended and hospitalised,' a police spokesperson said. A case has been registered at Manesar police station, and further investigation is underway, though preliminary investigations confirmed his role in being part of the reconnaissance for the Rahul Fazilpuria shooting, the officer added. The operation was led by Sub-Inspector Lalit Kumar, acting on a tip-off about the suspect planning a major crime. The police have recovered a pistol, four empty cartridge shells, and his motorcycle. Last month, the police arrested another accused who conducted the alleged reconnaissance for shooting the Haryanvi rapper-singer on July 14. The accused was identified as Vishal, 25, a Sonepat resident. Unidentified men in a white car opened fire on the 35-year-old singer when he was leaving the Fazilpur area in his car. The bullet had struck a pole, and the perpetrators fled in the same vehicle, according to officers. The firing was reportedly due to fallout of a financial dispute involving Rs 5 crore that Fazilpuria allegedly did not return, sources said. In his complaint to the police, Fazilpuria said that he got into his vehicle and escaped unhurt as the assailants could not chase him due to the traffic.
