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India.com
25 minutes ago
- India.com
RICH Alliance: Trump's Tariff War Backfires? Russia Backs India And Hints At Emerging Ties With China
While U.S. President Donald Trump has reportedly stated that he will "substantially" increase tariffs on India, New Delhi has made it clear that it will not yield to pressure. Meanwhile, Russia has also pushed back against Washington's move. Former U.S. Secretary of State Henry Kissinger once famously said, 'Being America's enemy may be dangerous, but being its friend is fatal.' That sentiment seems to be playing out in real time as the relationship between India and the US may be emerging into a diplomatic turning point. In today's DNA episode, Managing Editor of Zee News, Rahul Sinha, analysed a possible alliance between India, Russia, and China: Watch Full DNA Episode Here: #DNAWithRahulSinha | वर्ल्ड ऑर्डर बदला.. यूएस का 'दबदबा' गया! 'मिशन RICH'..ट्रंप के लिए कितना घातक?#DNA #India #USA #DonaldTrump #TarrifWar@RahulSinhaTV — Zee News (@ZeeNews) August 5, 2025 In a strong statement, Russian Foreign Ministry spokesperson Maria Zakharova accused the U.S. of using tariffs as a tool to dominate other nations. She said countries that chose a different path from Washington were being economically pressured and that Russia supports a multipolar and equitable world order. This, she added, is why Russia stands with India—and even with China—against America's hegemonic approach. Zakharova further claimed the U.S. is reacting out of frustration as it struggles to accept its diminishing influence in the new world order. According to her, tariffs and sanctions will not stop the shift toward a new global structure. Zakharova also suggested, a new alliance could be on the brink after the US' tariffs announcement. This emerging alignment between Russia, India, and China could reshape the global balance of power. The question now being asked: Has Donald Trump's aggressive trade policy inadvertently triggered the rise of a powerful R-I-C-H bloc? What Is 'RICH'? A new alliance named 'RICH'—short for Russia, India, and China—could pose an even greater challenge to the United States than the BRICS. The acronym itself, symbolizing 'wealth and prosperity,' hints at a formidable coalition. While Russia has previously called for stronger India-Russia-China cooperation, current global tensions and Trump's policies may make this partnership more realistic than ever before. 'RICH' vs America GDP Power: America has a GDP of US Donald 28 trillion (Rs. 23 lakh crore), but the combined GDP of Russia, India, and China is close behind at Rs. 21 lakh crore. Population Power: Together, India, China, and Russia are home to nearly 3 billion people—about 37 percent of the world's population—far surpassing the U.S., which has just 330 million people or 4 percent of the global total. Military Strength: The combined military strength of the three nations is 4.8 million troops, compared to America's 1.3 million. Even when factoring in NATO allies, the numbers still tilt heavily toward the RICH bloc. Nuclear Arsenal: RICH nations possess approximately 6,300 nuclear weapons, compared to America's 5,200. Defense Capabilities, Self-Sufficiency While the U.S. remains the world's largest arms producer, Russia and China also rank among the top global arms manufacturers. India, too, is rapidly advancing toward self-reliance in defense production. Together, the three countries could pose a significant challenge to NATO on land, at sea, and in the air. However, experts caution that military confrontation between global powers could have catastrophic consequences, making economic and diplomatic battles more likely. Notably, these countries are also resource-rich and largely self-sufficient: Energy: Russia holds vast reserves of oil, gas, and coal and is a major exporter of fossil fuels. India is advancing in nuclear and solar energy, while China leads globally in the manufacture of solar panels and wind turbines. Natural Resources: Russia has significant reserves of titanium, nickel, cobalt, and uranium. China accounts for over 60 percent of global rare earth metal production. India, meanwhile, is rich in bauxite, iron ore, graphite, and manganese. Agriculture: India is the world's largest producer of milk and pulses. Russia leads in wheat exports, while China excels in agricultural machinery and food production. In short, if united, these three nations would have little need for external support in energy, food, or defense. Strategic Shifts and Diplomatic Openings While deep mistrust exists between India and China, recent developments suggest that the gap may be narrowing. India's National Security Advisor (NSA) Ajit Doval is set to visit China this month, followed by a trip by External Affairs Minister (EAM) S. Jaishankar. These diplomatic engagements, possibly accelerated by Trump's confrontational tactics, may help bridge long-standing divides.
Time of India
25 minutes ago
- Time of India
BlueStone cuts IPO size to Rs 820 crore, to launch issue on August 11
Academy Empower your mind, elevate your skills Omnichannel jewellery retailer BlueStone Jewellery & Lifestyle has reduced the size of its initial public offering (IPO) as per a revised red herring prospectus filed by the company. The Bengaluru-based company is now looking to raise Rs 820 crore in primary capital against Rs 1,000 crore that it had originally to sources, the company is likely to go public at a valuation of around Rs 7,800 crore, which is less than its last private funding in August 2024, when it raised at a valuation of Rs 8,100 offer-for-sale (OFS) component has also been shrunk to 13.9 million shares, compared to 24 million shares earlier – with investors including venture capital firms Accel , Kalaari Capital, Iron Pillar Fund and Hero group's Sunil Kant Munjal planning to sell fewer shares than before. IvyCap Ventures, which was initially planning to sell 3.1 million shares, is not participating in the OFS which received the Securities and Exchange Board of India's approval in April, will launch its IPO on August 11, as per the reported in June that private wealth management firms 360 One and Centrum Wealth facilitated secondary deals amounting to Rs 300–350 crore in BlueStone. Axis Capital , IIFL Capital and Kotak Mahindra are bankers to BlueStone's reported a 40% increase in operating revenue for fiscal 2025 to Rs 1,770 crore. Its net loss, however, expanded to Rs 222 crore in FY25 from Rs 142 crore in the last few years, investors have turned bullish on the jewellery business. This trend picked up steam after the Tata Group's full acquisition of CaratLane at a valuation of Rs 17,000 crore. The conglomerate had first invested in the startup in 2016, when it was valued at Rs 563 jewellery startup Giva, which specialises in silver products, is also in talks to pick up Rs 450 crore ($53 million) in a financing round led by Creaegis in addition to participation by Premji Invest, Epiq Capital and others.
Time of India
39 minutes ago
- Time of India
US tariff hike threatens Kerala's export economy, says state finance minister
Thiruvananthapuram: Finance minister K N Balagopal warned that the 25% tariff imposed by the United States on Indian products could seriously hurt Kerala's economy. The higher tariff would badly impact exports of key products like marine foods, spices, and tea, he said. Balagopal said the US-led trade war with countries worldwide would cause a major crisis in global trade and economy, hitting India hard. He made these remarks while inaugurating a seminar on 'Post-Covid Development Challenges and Response: Through the lens of Kerala budgets,' organized by Gulati Institute of Finance and Taxation. He added that developed countries like the US and Australia are pressuring the Union govt to open up the markets for agricultural products, milk and milk-based products. Reports suggest that Australia can sell milk in India at a much cheaper rate (Rs 30/litre). If cheaper milk floods Kerala's market, local milk producers could face serious difficulties. He criticized the campaign that Kerala is in a debt trap and its total debt has mounted to Rs 6 trillion. "This is absolutely baseless and a section of experts had been spreading false information about the debt status of Kerala through social media platforms," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo He clarified that Kerala's total debt at the end of FY 2025-26 would be around Rs 4,70,000 crore. According to the trend prevailing over the last three decades, Kerala's total debt has doubled in every five years. Kerala's debt could have crossed Rs 6 trillion as per this cyclical trend, he added. Economist M A Oommen added that Kerala's fiscal condition has worsened due to repeated natural disasters and the Covid pandemic, which have severely impacted the state's finances.
