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Trump-Backed Firm Signed Crypto Deal with Pakistan Days ​After Pahalgam

Trump-Backed Firm Signed Crypto Deal with Pakistan Days ​After Pahalgam

First Post19-05-2025

Trump-Backed Firm Signed Crypto Deal with Pakistan Days ​After Pahalgam | Vantage with Palki Sharma
Trump-Backed Firm Signed Crypto Deal with Pakistan Days ​After Pahalgam | Vantage with Palki Sharma
A company, owned by Donald Trump's family, signed a cryptocurrency deal with Pakistan, days after the Pahalgam terror attack. Does this business deal explain Trump's decision to intervene and bail out Pakistan? Palki Sharma tells you.
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Axiom-4 Mission News Updates: Axiom-4 mission put off as SpaceX detects leak in Falcon-9 rocket
Axiom-4 Mission News Updates: Axiom-4 mission put off as SpaceX detects leak in Falcon-9 rocket

Economic Times

time23 minutes ago

  • Economic Times

Axiom-4 Mission News Updates: Axiom-4 mission put off as SpaceX detects leak in Falcon-9 rocket

11 Jun 2025 | 09:25:14 AM IST Axiom-4 (Ax-4) mission to the International Space Station (ISS), which includes Indian Gaganyatri Shubhanshu Shukla onboard put off due to snag in rocket. New date to be announced in due course Originally scheduled for June 10, 2025, the mission marks a major milestone in India's space journey as Shukla becomes the first Indian to travel to space in over four decades, following in the footsteps of Rakesh Sharma, who flew aboard a Soviet spacecraft in joining the mission are Tigor Kapu of Hungary and Slawosz Uznanski-Wisniewski of Poland. The 14-day mission marks a return to human spaceflight for India, Hungary, and Poland under the aegis of Axiom Space's government-backed commercial spaceflight program. Show more Police force deployed at the BRK Bhavan in Hyderabad as BRS party chief and former CM of Telangana, KCR, is expected to appear before the PC Gosh Commission in connection with alleged irregularities in the Kaleshwaram BRS MLA and former Irrigation Minister Harish Rao appeared before the Ghosh Commission. Additionally, BJP MP Etela Rajender, who previously served as Finance Minister in the BRS government, has also appeared before the commission. Union Minister of Commerce and Industry, Piyush Goyal said, "Very good progress is happening. With the EU, I've had three rounds of discussions at ministerial level between 1st May and 3rd June. In 34-35 days, we have met thrice. My counterpart, Maroš Šefčovič, is coming down to India on 28th-29th June for possibly the last or second last round of discussions. We have intersessional rounds through video conferencing. Very active negotiations are underway. With Oman, we have made significant progress. New Zealand is very keen to conclude quickly. We have a bandwidth problem. The Commerce Ministry is overstretched. We are working with the United States to meet the commitment given to our two leaders, President Trump and Prime Minister Modi, to have a bilateral trade agreement by Fall, September 2025. Discussions with Peru and Chile are progressing well. Effectively, the Ministry is completely engaged in discussions with all continents across the world..." California Governor Gavin Newsom said President Donald Trump is "pulling a military dragnet" across Los Angeles during a brief public address on Democratic governor's remarks come after Trump ordered the deployment of nearly 5,000 troops, including National Guard and Marines, to the nation's second-largest city. They were deployed to protect federal buildings but are now also protecting immigration agents as they carry out said Trump's immigration crackdown has gone well beyond arresting criminals and that "dishwashers, gardeners, day labourers and seamstresses" are among those being said Trump's decision to deploy the California National Guard without his support should be a warning to other states."California may be first — but it clearly won't end here," Newsom said. The four accused in the Raja Raghuvanshi murder case brought to Guwahati airport by Shillong Police after obtaining their seven-day transit remand for further investigation in the case. The accused will be taken to Shillong from here. Sonam Raghuvanshi, the accused in the murder case of her husband Raja Raghuvanshi, on early Wednesday morning, was brought to Ganesh Das hospital for medical examination in is in a three-day transit remand with Meghalaya comes after Meghalaya Deputy Chief Minister Prestone Tynsong on Tuesday informed that the four accused involved in the murder of Raja Raghuvanshi were being transported to Shillong. Axiom-4 mission to the International Space Station, carrying Indian astronaut Shubhanshu Shukla and three others, has been put off for the time being as engineers sought more time to repair a leak in the SpaceX's Falcon-9 announced that it was "standing down" from the Falcon-9 launch of the Axiom-4 mission to allow repairs of the liquid oxygen leak identified during the post-static booster inspections."Standing down from tomorrow's Falcon 9 launch of Ax-4 to the @Space_Station to allow additional time for SpaceX teams to repair the LOx leak identified during post static fire booster inspections," SpaceX said in a post on X."Once complete – and pending Range availability – we will share a new launch date," SpaceX said. Mayor Karen Bass issued a curfew for downtown Los Angeles on Tuesday "to stop the vandalism, to stop the looting."She said in a news conference that she had declared a local emergency and that the curfew will run from 8 pm on Tuesday until 6 am on Wednesday. The curfew will be in place in a 1 square mile (2.59 square kilometre) section of downtown that includes the area where protests have occurred since Friday."We reached a tipping point' after 23 businesses were looted, Bass said. ISRO tweeted, "Postponement of Axiom 04 mission slated for launch on 11th June 2025 for sending first Indian Gaganyatri to ISS. As part of launch vehicle preparation to validate the performance of booster stage of Falcon 9 launch vehicle, seven second of hot test was carried out on the launch pad. It is understood that LOX leakage was detected in the propulsion bay during the test. Based on the discussion on this topic by ISRO team with the experts of Axiom and SpaceX it has been decided to correct the leak and carry out necessary validation test before clearing for the launch. Hence the launch of Axiom 04 slated for 11th June 2025 for sending first Indian Gaganyatri to ISS is postponed." Uttar Pradesh Chief Minister Yogi Adityanath will visit Muzaffarnagar on Wednesday to attend a satsang and participate in a congregation of seers being held in the memory of Satguru Saman Das Maharaj and to mark the 65th death anniversary of Swami Gyan Bhikshuk Das, the organiser of the event, said the satsang is being held to commemorate the 65th death anniversary of Swami Gyan Bhikshuk Das, who dedicated his life to social upliftment, according to a statement issued by the Uttar Pradesh government. A fire broke out in a saree shop and warehouse in Uttar Pradesh's Hardoi district on early Wednesday morning, officials to Fire Officer Sushil Kumar, efforts were being made to douse the blaze, and no casualties have been reported. The cause of the fire is believed to be a short circuit."Around 2:19 AM, we got the information about the fire on Cinema Road in the city area. Three fire tenders left the fire station upon receiving the information. Fire tenders are present at the spot. Efforts to douse the fire are underway. No casualties have been reported. The situation is under control," Kumar told reporters the Hardoi Police informed that the local police station and fire brigade were present on the spot. Necessary action is underway, it fire engines were engaged in extinguishing the blaze for about three hours. The sarees kept in the warehouse were burnt to ashes. Due to the massive fire, a loss of about 50 to 60 lakh rupees is estimated. 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'I called the military in Minneapolis': Trump takes swipe at Minnesota Governor Tim Walz; calls him 'dumb and low-IQ individual'
'I called the military in Minneapolis': Trump takes swipe at Minnesota Governor Tim Walz; calls him 'dumb and low-IQ individual'

Time of India

time31 minutes ago

  • Time of India

'I called the military in Minneapolis': Trump takes swipe at Minnesota Governor Tim Walz; calls him 'dumb and low-IQ individual'

US president Donald Trump and Minnestna Governor Tim Walz US President Donald Trump on Tuesday took a swipe at Minnesota Governor Tim Walz over 2020 protests following the murder of George Floyd and called him "a low IQ individual and a dumb person. " While talking to reporters, Trump said, "I called in the military in Minneapolis, but it was seven days. I waited for this guy — the same guy who ran for vice president, who's a very dumb person. He's a low-IQ individual like many Democrats are." He also said that he will never forget in Minnesota, and Minneapolis, which was burning down. "It was gonna burn to the ground, and he wouldn't call the guard. And I waited for a long time, and I called the guard, and I saved it.' The president shared his experience over his visit to Fort Bragg and said that he was with the Generals and they're explaining the different maneuvers, and the love they have for the us Army and the military is beautiful. Earlier, he went to Fort Bragg to mark the upcoming celebration of the US Army's birthday, and delivered a stern speech on military strength and immigration protests 'I want to say a few words about the situation in Los Angeles, California,' Trump said earlier, referring to the deployment of over 4,000 National Guard troops and 700 Marines to confront protesters following federal immigration raids. 'The police in LA, who are very good, but they weren't aggressive, like our soldiers. Our soldiers really were aggressive.' Trump also launched attacks on political opponents, including California Governor Gavin Newsom and Los Angeles Mayor Karen Bass, accusing them of failing to control unrest. 'They're incompetent, and they paid troublemakers, agitators and insurrectionists,' Trump claimed. 'They're engaged in this wilful attempt to nullify federal law and aid the occupation of the city by criminal invaders," he added.

Apple's iPhone production slows but steadies in May at ₹15,000 crore
Apple's iPhone production slows but steadies in May at ₹15,000 crore

Time of India

time32 minutes ago

  • Time of India

Apple's iPhone production slows but steadies in May at ₹15,000 crore

New Delhi: Apple's India vendors produced iPhones worth more than ₹15,000 crore in May, easing slightly from the scorching pace in the preceding two months, but well ahead of the ₹10,000-11,000 crore average in 2024, according to two market research firms and industry experts expect an average ₹15,000 crore monthly rate for the rest of the year now. As of May, Apple's vendors have already made iPhones worth ₹84,000 crore this year - both for domestic sales and exports. That equals the entire domestic consumption of calendar 2024, according to industry data reviewed by ET. This has been partly driven by a sharp rise in production in March to meet US President Donald Trump's tariff deadline. Apple's monthly run rate of India iPhone production hit a peak of ₹19,630 crore in March, as the Cupertino-based company rushed to ship devices to the US ahead of the start of reciprocal tariffs. Tata has 35% Share in India Basket The levy's April deadline has since been pushed to July. Trump has been threatening to impose tariffs on India-made iPhones. Domestic contract manufacturers produced iPhones worth Rs 16,600 crore in April. Both of Apple's suppliers in India - Foxconn and Tata Electronics - have ramped up production, with the latter gaining share from its Taiwanese rival. Tata Electronics, which began assembling iPhones after it acquired the Wistron facility in Karnataka in 2023, now makes 35% of the iPhones manufactured in India, compared with around 30% in 2024. Foxconn has the remaining 65% share, an analysis by the two market trackers showed. Tata also bought a 60% stake in Taiwanese rival Pegatron's plant in India in January. Last year, total revenue from iPhone assembly for Tata Electronics and Foxconn was ₹1.38 lakh crore, of which Foxconn accounted for about ₹90,000 crore and Tata Electronics, the remaining ₹48,000 crore, according to analyst data seen by ET. Devices worth ₹84,000 crore were for local sale. The duo has been the biggest beneficiary of the production linked incentive (PLI) scheme for smartphones. According to media reports, Tata Electronics has received ₹2,068 crore and Foxconn, ₹2,807 crore, in PLI incentives for FY23 to FY25. Apple, Tata Electronics and Foxconn did not respond to ET's emails seeking comment. India Crop Smartphones account for nearly 50% of Apple's revenue and the US represents nearly a third of its global smartphone shipments, according to an S&P report on Tuesday. It said India will likely make most of the iPhones shipped to the US by 2026. The company is on track to significantly increase its manufacturing capacity in India. Foxconn has begun production in a phased manner at its new Bengaluru facility, while Tata Electronics is building another plant in Hosur. "It's difficult to give the future run rate as it depends on a lot of the India-US and Sino-US trade negotiations," said one of the industry executives, asking not to be named. He said local shipments of iPhones are expected to rise by 15% in 2025, from around 11 million units sold in 2024, while India is expected to cater to the majority of US demand by this year itself, going by chief executive Tim Cook's comments. Last month, he said US demand for iPhones in June would be fulfilled in large part from India. However, this prospect is riddled with uncertainty due to Trump's comments last month, exhorting Cook to make in the US whatever devices it sells in the country or face 25% tariffs. That may not be a realistic ask, given the costs. "If Apple really produced an iPhone in a US factory, considering that everything is not in place yet, my estimate is that the price will go up by at least 15-20%, that is, $150-200," said Neil Shah, vice-president at Counterpoint Research. "We believe this cost increase will be mostly due to the cost delta of labour, factories' amortised capex and logistics." India is expected to be a big winner in smartphone manufacturing in 2025 despite global output forecast to decline by 1% due to tariff impacts and a broader industry slowdown, according to Counterpoint Research. The firm expects smartphone manufacturing in India to grow in the double digits to reach a record 20% share of global output, fuelled by export demand from Apple and Samsung.

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