India faces Trump penalty for Russian oil; ED tightens grip on Anil Ambani
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Hans India
a few seconds ago
- Hans India
India, Russia vow to enhance defence ties
Moscow: Russia's Deputy Defence Minister Colonel General Aleksandr Fomin on Wednesday held a meeting with Vinay Kumar, India's Ambassador to Russia, as both sides discussed ways to further intensify the multifaceted India-Russia Special Privileged Strategic Partnership. 'During the talks, the sides discussed topical issues of bilateral cooperation in the defence sphere, confirmed the focus on further strengthening the specialised cooperation in the form of a particularly privileged strategic partnership,' read a statement issued by the Russian Defence Ministry. 'The meeting took place in a warm and friendly atmosphere, which is traditional for the Russian-Indian relations,' it added. India has a longstanding and wide-ranging cooperation with Russia in the field of defence, which is guided by the India-Russia Inter-Governmental Commission on Military and Military Technical Cooperation (IRIGC-MMTC) headed by the Defence Ministers of both countries. As time-tested partners, both countries have been involved in several bilateral projects, including the supply of S-400, licensed production of T-90 tanks and Su-30 MKI, supply of MiG-29 and Kamov helicopters, INS Vikramaditya (formerly Admiral Gorshkov), production of AK-203 rifles in India and BrahMos missiles. New Delhi and Moscow acknowledge that the military technical cooperation has evolved over time from a buyer-seller framework to one involving joint research and development, co-development and joint production of advanced defence technology and systems. As the Indian Armed Forces successfully retaliated and also inflicted significant losses on Pakistan during the decisive Operation Sindoor in May this year, the S-400 air defence system was credited with shooting down several incoming missiles from across the border. Considering the strategic planning and military preparedness, New Delhi is set to procure more S-400 air defence systems soon. Meanwhile, National Security Advisor (NSA) Ajit Doval is also in Moscow, holding meetings with senior Russian officials to discuss India-Russia defence and security cooperation.
Time of India
a few seconds ago
- Time of India
Markets rise as Trump chip exemptions boost tech giants
Academy Empower your mind, elevate your skills Asian equities rose Thursday, with big-name chip firms making big gains after Donald Trump said those investing in the United States would be exempted from a threatened 100% tariff on advances built on a strong lead from Wall Street and extended the previous day's rally fuelled by hopes the Federal Reserve will cut interest rates next month.A day before sweeping tariffs were due to come into effect on dozens of countries, the president said: "we're going to be putting a very large tariff on chips and semiconductors".He added that the level would be "100%" but did not offer a he said "the good news for companies like Apple is, if you're building in the United States, or have committed to build... in the United States, there will be no charge".Stock gains were led by Taiwan's giant TSMC, which surged almost five percent in early trade, with the island's National Development Council chief Liu Chin-ching saying the firm was in the clear."Because Taiwan's main exporter is TSMC, which has factories in the United States, TSMC is exempt," he told a briefing in which is ramping up manufacturing in Arizona, has pledged to invest as much as $165 billion in the United States, which the firm said in March was the "largest single foreign direct investment in US history".Seoul-listed Samsung, which is also pumping billions into the world's number one economy, rose more than two% while South Korean rival SK hynix was also firms were also helped after the US giant said it will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four and Pegatron both rose in Tokyo Electron and Renesas both retreated in Japanese trade."To some degree this outcome would be something of a relief," said Morgan Stanley analysts."Yes, 100% tariffs are unpalatable but if companies are given time to restore them, the real tax is just the higher cost of building chips in the United States."Trump's remarks came hours before his wide-ranging "reciprocal" tariffs are set to kick in against trading partners, and after he doubled his levy on India to 50% over its purchase of Russian tolls on Brazilian goods came into place Wednesday, with significant exemptions, after Trump targeted Latin America's biggest economy over its prosecution of former president Jair are keeping tabs on talks between the White House and New Delhi, as well as other countries including Switzerland, which was this week hammered with a 39% markets extended their recent run-up and have regained much of last week's losses sparked by the president's tariff announcements and weak US jobs Hong Kong, Shanghai, Singapore, Seoul and Wellington were all in the green, with Taipei leading the way thanks to the surge in gains followed a strong day on Wall Street, where Apple jumped more than five% and Amazon piled on four%.Traders had already been on a buying streak as they grew optimistic that the Fed will cut rates after data last week showing US jobs creation cratered in May, June and July, signalling the economy was weakening. US futures rose prices rose after Trump threatened penalties on other countries that "directly or indirectly" import Russian oil, after imposing his extra toll on traders are keeping tabs on developments regarding Moscow and its war in Ukraine after the US president said he could meet with Vladimir Putin "very soon" following what he called highly productive talks between his special envoy and the Russian leader.
Time of India
a few seconds ago
- Time of India
Donald Trump Named in Bizarre Bihar Fake ID Case, FIR Ordered
In a strange case from Bihar's Samastipur district, an online application was filed to obtain a residence certificate in the name of US President Donald Trump. The application used a tampered photo, fake Aadhaar details, and a false address in Mohiuddinnagar. ADM Brajesh Kumar confirmed that the case has been referred to the cyber cell and an FIR will be registered. Authorities have taken the matter seriously amid a rising trend of forged documents in the state.#donaldtrump #fakecertificate #biharnews #samastipur #cybercrime #fakeid #trumpinbihar #indianews #viralnews #forgerycase Read More
