US PRESIDENT TRUMP
Trump-Musk break up: Tesla share price tanks as Elon Musk and Donald Trump go to war over 'beautiful' budget bill
What began as a high-profile partnership between US President Donald Trump and tech mogul Elon Musk has now collapsed into a bitter public feud. After Musk resigned from his White House advisory role, the two clashed over a massive budget bill and electric vehicle subsidies. Accusations flew on social media, including Musk's claim linking Trump to the Epstein files. With Tesla shares tumbling and government contracts on the line, the once powerful alliance is now a cautionary tale of power, politics, and personal ego.
'Can't breed vipers and expect them to bite only your neighbour', Tharoor decimates Bilawal-led Pak outreach in US
Congress MP Shashi Tharoor and BJP's Tejasvi Surya strongly condemned Pakistan's role in terrorism. Tharoor said India won't negotiate under threat, while Surya warned India is ready for multiple military responses like Operation Sindoor. Both criticized Pakistan's peace claims and military dependence on China.
'India, US to resolve all issues bilaterally': Piyush Goyal
India and the US will address trade issues, including increased US tariffs on steel and aluminium. Both nations aim for a bilateral trade agreement, targeting $500 billion in trade by 2030. US officials will visit India for trade discussions. An interim deal is expected by June. India and Oman are also progressing on a free trade agreement.
Musk's xAI seeks $113 billion valuation in $300 million share sale: Report
The deal would allow employees to sell shares to investors and a larger investment round is expected to follow the secondary stock offer, in which xAI will offer new equity to outside investors, the FT report said.
India-Pakistan conflict involves more than just talks and diplomatic gestures: DMK MP Kanimozhi
Indian parliamentarians in Madrid conveyed a strong, unified message on India-Pakistan relations and the global fight against terrorism, urging international solidarity. They highlighted the complexities of resolving conflicts with Pakistan, emphasising its involvement in global terrorism and recounting historical aggression.
Iran says it's not after nuclear bombs as it rejects IAEA report
Iran has dismissed a UN nuclear watchdog report accusing it of nuclear violations, asserting the agency is politically motivated and reiterating its stance against seeking atomic weapons. The IAEA report indicated Iran's increased stockpile of near weapons-grade uranium and undeclared nuclear activities. Amid Oman-mediated talks with Washington, Iran warns of responding to any improper actions by European parties.
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For investors willing to play the long game: 6 mid-cap stocks from different sectors with upside potential of more than 22%
Those following the market on a daily basis may have a sense that May was rather choppy, with the Nifty and Sensex yo-yoing one day to the next (and sometimes even intra-day). But the month actually saw the market extend its gains after the six-month-long correction sparked last October. That the bulls are perhaps back in action is evident from the fact that while the Nifty and Sensex were up around 2%, the broader indices did better. So, is it time for investors with a somewhat higher risk appetite to take a closer look at the mid-cap space? Perhaps, but with some caveats.
‘We can’t trade with countries firing missiles’: Trump again claims credit for avoiding ‘nuclear disaster’ between India and Pakistan
US President Donald Trump has again claimed credit for halting conflict between India and Pakistan by using trade as leverage. Speaking at the White House, he said his intervention helped avoid a potential nuclear disaster. India, however, dismissed the assertion, stating the ceasefire followed direct talks between the military commanders of both nations after India’s Operation Sindoor. External Affairs Minister S. Jaishankar credited Indian forces for compelling Pakistan to agree to peace, reaffirming that trade or tariffs were not discussed with the US.
A mission from God, with backup plans: Trump’s tariff tools aren’t out yet
Trump tariffs US court order: A US court has blocked Donald Trump’s sweeping “Liberation Day” tariffs, ruling he misused emergency powers. But Goldman Sachs says the impact may be temporary, as Trump could use alternate legal tools like Section 301 or national security provisions. While the White House appeals, global trade partners—including India and the UK—may reconsider deals negotiated under tariff pressure.
Canada not the top choice, why Americans are skipping Trump’s “51st state” for a much smaller country
A survey reveals Portugal as the top choice for Americans seeking relocation in 2025. Many Americans are bypassing Canada. Portugal attracts with affordability, safety, and lifestyle. The survey shows that Americans are seeking adventure and personal enrichment. Political division in the US is also a factor. Portugal has seen a significant increase in American residents.
India's First PM being targeted to skirt core issues: Congress
Congress criticized Prime Minister Narendra Modi for his remarks about Jawaharlal Nehru. They accused Modi of avoiding important issues related to India-Pakistan relations. Congress questioned Modi's silence on US President Trump's statements regarding a ceasefire. They also highlighted the growing China-Pakistan alliance. Congress further questioned the government's diplomacy and its failure to isolate Pakistan.
GIFT Nifty down 10 points; here's the trading setup for today's session
Indian equities continued their upward trend, fueled by positive global cues as the US delayed tariffs on the EU. Analysts anticipate further gains due to strong domestic macros and supportive global market trends. The rupee strengthened, and FIIs reduced their net short positions in the futures market, contributing to the overall positive sentiment.
No longer be blackmailed by Pakistan's nuclear bluff, says all party-delegation member Baijayant Panda
An all-party Indian delegation, led by BJP MP Baijayant Panda in Bahrain, conveyed India's firm stance against Pakistan's nuclear threats, asserting that any future provocations would face strong retaliation. Panda emphasized India's commitment to deterring Pakistan without resorting to hostility.
Is tariff threat over? In Trump era, you have to read between the lines: 8 pharma stocks with upside potential of over 35%
President’s Trump friend got a weight-loss injection for $88 in London. The same injection costs $1,300 in the US. This led to an Executive Order telling US companies to ensure that drug prices are reduced at home. Now, if the intention is to reduce prices, tariffs cannot be imposed. That is logical. But we are living in a time when logic has little to do with what is said or done. Logic says you cannot shift the supply chain of a pharma sector just because one person so desires. Also, historically, tariffs lead to higher prices; they do not cause products to shift their production base. We can only hope that logic finally prevails.
Pennies become history in U.S. as Treasury Department places final order, expected to run out by 2026
The US Treasury Department will cease penny production after its final penny blank order runs out in early 2026. This decision comes as the cost to manufacture each penny, primarily due to rising zinc prices, now exceeds its face value, costing 3.7 cents to produce.
Tulsi Gabbard's right-hand man Joe Kent under scrutiny after leaked emails surface. What is the controversy?
US intelligence chief Tulsi Gabbard's top aide Joe Kent is currently under scanner. Joe Kent, reportedly instructed the National Intelligence Council to edit official assessments so that they aligned with Trump’s statements about Venezuelan gang activity. Gabbard, who serves as the director of national intelligence, later fired two top intelligence officials over the fallout from the report.
Donald Trump attends memecoin gala as protesters slam 'crypto corruption'
Trump launched the memecoin three days before his inauguration in January, quickly increasing his net worth by billions and prompting major, first-of-their-kind ethics questions. The White House downplayed those concerns Thursday, insisting Trump was attending in his "personal time." The president posted on his Truth Social platform ahead of the event that "the U.S.A. is DOMINATING in Crypto, Bitcoin, etc." and pledged to "keep it that way."
Corrections come and go; focus on business and its growth: 6 large-caps from different sectors with upside potential of up to 52%
With the Nifty and Sensex moving up one day and down another, investors are bound to be jittery. After all, the January-February correction is a recent memory. Today (Thursday), the market is down because of global, not domestic, factors. But the fact is that nothing stops it from falling for domestic reasons tomorrow. Volatility and corrections are part of the market and they can kick in at any time. What matters is the growth of the business of the company whose stock you own. If that is fine, don’t bother about the Nifty and Sensex.
US may consider new sanctions on Russia if peace talks stall: US Secretary of State Rubio
US Secretary of State Marco Rubio stated that Russia would face additional sanctions if it doesn't provide a formal ceasefire proposal. Rubio awaits the terms to understand Putin's intentions, while emphasizing President Trump's preference to avoid threatening sanctions to maintain diplomatic progress. Trump announced immediate negotiations, with the Vatican offering to host the talks.
China calls for 'lasting ceasefire' between India, Pak; backs Pakistan's sovereignty after Wang-Dar talks
China urges India and Pakistan to engage in dialogue for a lasting ceasefire, emphasizing the importance of peaceful resolution for regional stability. Foreign Minister Wang Yi reaffirmed China's unwavering support for Pakistan's sovereignty and territorial integrity. Discussions also covered strengthening regional cooperation, the China-Pakistan Economic Corridor, and concerns over the Indus Water Treaty.
"Want to end war but not sure if Russia is ready": Ukrainian President Zelenskyy
Following discussions with US President Donald Trump and European leaders, Ukrainian President Volodymyr Zelenskyy expressed uncertainty regarding Russia's commitment to a ceasefire, citing a lack of trust. Despite Ukraine's readiness for unconditional ceasefire talks, as proposed by Trump, Zelenskyy emphasized the need for Russia to demonstrate genuine commitment through tangible actions to end the war.
Despite US-China thaw, India still a magnet for global supply chains: TCI’s Vineet Agarwal
Logistics costs as a percentage of GDP are still quite high in India; this needs to come down. If we’re not cost-competitive, we risk losing out to countries like Vietnam and Malaysia, says Vineet Agarwal, Managing Director of TCI.
That was a 'big success', level of anger between India and Pakistan was not a good thing: US President Trump
Donald Trump has repeatedly claimed that his administration brokered a ceasefire between India and Pakistan, calling it a "big success." He stated the level of anger between the two nations was not a good thing. Despite India's stance that the Kashmir issue is bilateral and no third party was involved, Trump offered to work with both countries for a solution.
Pakistan offers zero-tariff bilateral trade deal to US: Report
Pakistan has proposed a zero-tariff bilateral trade agreement to the United States, aiming to boost commerce across various sectors. This offer follows President Trump's assertion of brokering a ceasefire between Pakistan and India and his expressed interest in expanding trade with both nations. The proposal comes after a temporary suspension of reciprocal tariffs announced by Trump on several countries.
IWT suspension, Trump's 'stopped nuclear war' claims countered & more: Key highlights from MEA briefing amid Indo-Pak tensions
India has declared the Indus Water Treaty in abeyance, demanding Pakistan cease its support for cross-border terrorism. New Delhi insists that any progress in bilateral ties hinges on Pakistan vacating illegally occupied territories in Kashmir. MEA detailed communication between military heads and ongoing investigation into the Pahalgam terror attack, linking it to Lashkar-e-Taiba.
PM Modi fires three warning salvos at Pakistan: No tolerance for 'terror, terrorists, or nuclear blackmail'
Following Operation Sindoor, Prime Minister Modi issued stern warnings to Pakistan, emphasizing decisive retaliation for any terror attack. India will not tolerate nuclear blackmail or differentiate between terrorists and their sponsors. Modi asserted that discussions with Pakistan will solely address terrorism and PoK, urging them to dismantle their terror infrastructure for peace.
'Pakistan violates understanding, Indian army has been authorised to take appropriate actions' says Vikram Misri
MEA Briefing Operation Sindoor: India has authorised its army to act against any ceasefire violations following a breakdown in the understanding reached between Indian and Pakistani military leadership. Foreign Secretary Vikram Misri confirmed that Pakistan breached the agreement within hours, prompting Indian retaliation. A separate security alert unfolded in Nagrota, Jammu and Kashmir, where a search operation is underway. While US President Trump claimed credit for mediation, Indian officials clarified the truce was a result of direct talks between New Delhi and Islamabad, without external involvement.
Sharad Pawar suggests all-party meet instead of special Parliament session amid growing opposition demand
Amid opposition calls for a special Parliament session regarding the Pahalgam attack and Operation Sindoor, Sharad Pawar suggests an all-party meeting instead, cautioning against public debate on sensitive national security matters. He also addressed Donald Trump's mediation claims between India and Pakistan, reiterating India's stance against third-party interference in its internal affairs, particularly concerning Jammu and Kashmir.
'What to do with an army you can’t afford?' Ex-Pak envoy reveals what’s wrong with Pakistan army and the ‘half-imagined’ nation
A viral video reveals Pakistan's early reliance on US aid, stemming from its need to finance a large army post-independence. Husain Haqqani highlights how America's initial disinterest shifted during the Cold War, fueled by a misunderstanding of South Asian demographics. Fast forward to 2025, Donald Trump claims credit for an India-Pakistan ceasefire, a claim India disputes as a bilateral agreement.
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