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Time of India
a day ago
- Business
- Time of India
From 'savvy' Putin to secondary sanctions: How Trump's relations with Russia have changed
From calling Vladimir V. Putin 'savvy' and 'genius' to issuing secondary charges against India for having relations with Russia, United States President Donald Trump's relationship with the Russian President has taken a big turn. India became one of the first nations to experience secondary sanctions from Trump on Wednesday. The US President announced that India would be facing a 25% tariff on its imports to the United States, with an additional penalty for buying energy and arms from Russia. The exact quantum of the penalty is unclear. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management healthcare Management Others Degree Data Science Digital Marketing Operations Management Cybersecurity Artificial Intelligence Finance CXO Public Policy Leadership MBA MCA Design Thinking Healthcare Data Analytics Data Science PGDM Product Management others Technology Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Changing relations by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo Trump had once described President Vladimir V. Putin as 'savvy' and 'genius' for invading Ukraine, while bragging about his 'very, very good relationship' with the autocratic Russian leader. Trump appeared ready to distance himself from negotiations altogether and said it would be up to Russia and Ukraine to stop the fighting despite being enthusiastic about cracking a deal in early months of his second-term as a president. Live Events With rising frustrations, Trump's latest threat— and shortened timeline for Putin to comply — highlights his growing frustration with the Russian leader. 'I'm not so interested in talking any more,' Trump said on Monday. 'He talks. We have such nice conversations, such respectful and nice conversations, and then people die the following night — with a missile going into a town.' Trump returned to office vowing to quickly end Russia's war in Ukraine, citing his relationship with Putin. Those efforts have failed to materialize, with Moscow only responding with maximalist demands for Ukrainian territory and declining calls for face-to-face talks between Putin and his counterpart, Ukrainian President Volodymyr Zelensky. Trump initially focused his ire on Zelensky as an obstacle to peace, but in recent weeks has signaled growing impatience with Putin, accusing him of not being sincere about wanting to end the war despite multiple calls and months of diplomacy. Six phone calls between Trump and Putin, however, have failed to bring progress and Russia has ramped up its missile and drone attacks on Ukraine in recent weeks, hammering civilians in cities — an indication that Moscow has no intention of ending its invasion. 'I haven't had any response. It's a shame,' Trump said about the reaction from Moscow to his new deadline. Secondary sanctions on India, others Trump's threat on countries with 'secondary sanctions' for buying oil from Russia is already becoming a reality with India being slapped with a penalty by the US. The Washington and other capitals allied with Ukraine view such oil purchases as a form of tacit support for Russia, helping to bolster its economy and undercut sanctions. Trump said on Tuesday that he would start imposing measures on Russia, such as secondary tariffs of 100% on trading partners, if it did not make progress on ending the war within 10 to 12 days — moving up from an earlier 50-day deadline. The United States also warned China, the largest buyer of Russian oil, that it could face huge tariffs if it kept buying, Treasury Secretary Scott Bessent told a news conference in Stockholm. The US president on July 14 initially announced a 50-day deadline on Russia — which would have fallen on Sept. 2. The new deadline would fall on Aug. 8. 'We're going to put on tariffs and stuff, and I don't know if it's going to affect Russia, because he wants to, obviously, probably keep the war going,' Trump said on Tuesday. Oil extended gains above $69 after Trump reiterated his threat for additional tariffs on Russia. West Texas Intermediate oil posted its biggest jump since June, when Israel carried out airstrikes on Iran. Bullish options on the Brent crude benchmark commanded a premium to bearish options for the first time in two weeks. Trump earlier this month said he would impose 100% tariffs on Russia if it did not comply with his calls for a truce. His advisers have cast the penalties as likely taking the form of secondary levies that would hit countries that buy Russian exports such as oil. Washington and other capitals allied with Kyiv view such oil purchases as a form of tacit support for Russia, helping to bolster its economy and undercut sanctions. The Kremlin on Tuesday said it 'took note' of Trump's threat to curtail the deadline but made clear that it was unlikely Putin would change course. Trump has voiced mounting frustration with Putin for refusing to agree to a halt to fighting that could allow for peace talks. The US president returned to office with a pledge to quickly end the war that is now in its fourth year.
Time of India
5 days ago
- Business
- Time of India
KL Rahul completes 9000 runs in international cricket
Indian batter KL Rahul continues his stellar form in the ongoing Anderson-Tendulkar Trophy as he completes 9000 runs in international cricket across all formats on Saturday. He achieved his feat in his outing against the Three Lions in the fourth test at Manchester. He has scored 9,050 runs in 219 matches at an average of 40.04, with 19 centuries and 58 fifties in 256 innings. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Degree Digital Marketing Artificial Intelligence PGDM Cybersecurity others Data Analytics Healthcare Data Science Operations Management Product Management Public Policy Technology Data Science MCA Finance Leadership healthcare Management MBA Design Thinking CXO Others Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details During this series, he has smashed 451 runs, in four Tests, at an average of 64.42, with two centuries and fifty each. India is already trailing 2-1 in the five-match series. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo With England looking strong at home and India now facing fresh injury worries, the visitors will have to dig deep and produce something special to stay alive in the contest. Coming to the fourth test, after an early jolt just before Lunch, India found stability in the second session of Day 4, thanks to a composed partnership between skipper Shubman Gill and opener KL Rahul. Live Events The duo ensured there were no further hiccups as India went into Tea at 86/2 in the Manchester Test on Saturday Gill, who looked in fine touch, notched up his eighth Test fifty and fourth against England off 77 deliveries. His innings has been laced with eight delightful boundaries, showing great control and intent at the crease. He is batting on 52 off 80 deliveries. Rahul also completed 1000 Test runs in England, becoming only the fifth Indian to do so after legends like Sachin Tendulkar, Rahul Dravid, Sunil Gavaskar, and Virat Kohli. With 1575 runs, Tendulkar is in first place, followed by Dravid (1376), Gavaskar (1152), and Kohli (1096). Now, Rahul joins this elite list, marking another solid milestone in his career. Brief Scores: India 358 & 86/2 (Shubman Gill 52*, KL Rahul 30*; Chris Woakes 2/25) vs England 669 (Joe Root 150, Ben Stokes 141, Ravindra Jadeja 4/143).
Time of India
5 days ago
- Business
- Time of India
Indian firm says it shipped non-military explosives to Russia
NEW DELHI: An Indian firm that shipped $1.4 million worth of an explosive compound with military uses to Russia in December said on Saturday it complies with Indian rules and the substance it had shipped was for civilian industrial purposes . Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Project Management Digital Marketing Artificial Intelligence Others CXO Leadership Cybersecurity Data Analytics Operations Management PGDM Finance Product Management Public Policy Healthcare Degree healthcare Management Data Science Technology MCA MBA Design Thinking others Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details One of the Russian companies listed in Indian customs data as receiving the compound is the explosives manufacturer Promsintez . An official at Ukraine's SBU security service has said the Russian company has ties to the military and that Ukraine launched a drone attack in April against a Promsintez-owned factory. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Promsintez did not respond to a request for comment. Ideal Detonators said in an emailed response to Reuters that the material it shipped was not military grade. "The shipment ... is for industrial activity and it's a civil explosive," the company said. Live Events The U.S. government has identified HMX as "critical for Russia's war effort" and has warned financial institutions against facilitating any sales of the substance to Moscow. The U.S. Treasury Department has the authority to sanction those who sell HMX and similar substances to Russia, sanctions lawyers have said. HMX is widely used in missile and torpedo warheads, rocket motors, exploding projectiles and plastic-bonded explosives for advanced military systems, according to the Pentagon's Defense Technical Information Center and related defense research programs. The compound also has some limited civilian applications in mining and other industrial activities.
Time of India
23-07-2025
- Business
- Time of India
Bajaj Housing Finance Q1 profit rises 21% to Rs 583 crore, AUM up 24%
Bajaj Housing Finance reported a 21% rise in net profit for the first quarter of the fiscal at Rs 583 crore as compared with Rs 483 crore in the year-ago period. Pre-provisioning operating profit stood 25% higher at Rs 798 crore against Rs 640 crore. Net total income also grew 25% at Rs 1012 crore. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Product Management Data Science others Operations Management CXO PGDM Data Science Cybersecurity Project Management Degree Design Thinking Data Analytics Healthcare Technology MCA Leadership Management MBA Artificial Intelligence Others Public Policy Digital Marketing Finance Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Outdoor Clothing | Designed to Perform. Built to Endure. Trek Kit India Shop Now Undo Its net interest margin remained steady at 4% for the last three quarters. It is expecting a moderation in the ratio as its operating expenses are likely to rise on account of its investment in SBU and non-metro markets. The non-deposit taking mortgage lender is targeting a 21-23% growth in assets under management amid a "heightened competitive pricing on acquisition of new loans, increased portfolio attrition coupled with moderation in real estate demand," it said. The lender's AUM grew 24% year-on-year to Rs 1.20 lakh crore. Asset quality remained healthy with gross non-performing assets ratio being at 0.30%.
Time of India
21-07-2025
- Business
- Time of India
Govt taking multi-pronged approach to sustain economic growth amid uncertainties: MoS Finance
The government has been taking a multi-pronged approach to sustain economic growth amid global uncertainties, Minister of State for Finance Pankaj Chaudhary said on Monday. "The estimate of fiscal deficit for the year 2025-26, as presented in the Union Budget 2025-26 , is at 4.4 per cent. There is no requirement felt for revision of fiscal deficit target at this stage, and neither is it considered appropriate," he said in a written reply in the Lok Sabha. The government has been taking various measures to boost economic growth in light of global challenges and uncertainties, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo India's economic resilience is underpinned by strong macroeconomic fundamentals such as steady growth, price stability, credible fiscal consolidation, resilient external sector performance, robust foreign exchange reserves, a strong and well-capitalised banking sector, and robust physical and digital infrastructure, he said. Additionally, he said, India's well-regulated financial system, credible inflation-targeting regime, and flexible exchange rate contribute to the economy's resilience to shocks. Live Events In response to recent global challenges such as trade tensions, uncertain capital flows, and geopolitical risks, the government has been taking a multi-pronged approach to sustain economic growth, he said. Spelling out some of the steps taken to propel growth, he said liberalisation of FDI, bilateral engagement with countries for the finalisation of various trade agreements, credit guarantee schemes, and increased public expenditures, particularly capex. In the Union Budget 2025-26, an outlay of Rs 1.5 lakh crore has been proposed in this regard. To strengthen power sector resilience, he said the Budget also proposed incentives for electricity distribution reforms and augmentation of intra-state transmission capacity, with an additional borrowing of 0.5 per cent of gross state domestic product (GSDP) allowed for states, contingent on undertaking these reforms. Moreover, the Budget also proposed to launch a comprehensive multi-sectoral 'Rural Prosperity and Resilience' programme in partnership with states, which aims to address under-employment in agriculture, he said. Replying to another question, he said, the per capita net national income (NNI) at constant prices for 2024-25 stands at Rs 1,14,710 as per the provisional estimates of GDP released by National Statistical Office, Ministry of Statistics and Programme Implementation (MoSPI). The per capita NNI at constant prices for 10 years ago -- 2014-15 -- was Rs 72,805, he said. The differences in the increase in per capita income across states may be attributed to a range of factors such as varying levels of economic development, sectoral composition, structural disparities, and differences in governance mechanisms, among others, he said. The government has been committed to the objective of inclusive growth, as reflected in its commitment to Sabka Saath, Sabka Vikas, and has initiated several targeted schemes aimed at reducing poverty and inequality, ensuring social security, promoting income generation and livelihood opportunities, and improving the quality of life of vulnerable sections across the country, he said.
