Tag Archives: Donald Trump

United States contributed approximately $32 billion in remittances to India in 2023-24. (AI image) US remittance tax relief on the cards! Non-Resident Indians or NRIs have reason to breathe a sigh of relief as the final draft of the ‘One Big Beautiful Bill Act’ proposes just 1% tax on remittances, as against 3.5% earlier. Originally, the bill sought a 5% …

At a White House event, US President Donald Trump said a ceasefire between Israel and Hamas could be achieved within days. Speaking from the Oval Office, he shared that he had recently spoken with individuals involved in the negotiations and believed a breakthrough was near. “I think it’s close. I just spoke to some of the people involved,” Trump said. …

US President Donald Trump called Federal Reserve Chair Jerome Powell “terrible” and said he had narrowed down his choice for the next Fed chair to “three or four people,” stoking fresh speculation about an early leadership change at the central bank.“I know within three or four people who I’m going to pick,” Trump told reporters, when asked if he was …

US airstrikes did not destroy Iran’s nuclear capability and only set it back by a few months, according to a preliminary US intelligence assessment, as a shaky ceasefire brokered by President Donald Trump took hold between Iran and Israel. Earlier on Tuesday, both Iran and Israel signaled that the air war between the two nations had ended, at least for …

Three sources familiar with the matter, who spoke on condition of anonymity, told Reuters of the preliminary assessment. According to two of the sources, the assessment was prepared by the US Defence Intelligence Agency. One of the sources said Iran’s enriched uranium stocks had not been eliminated, and in fact, the country’s nuclear programme may have been set back only …

Markets are anticipated to maintain stability, supported by decreasing geopolitical tensions and favourable domestic indicators. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday following global cues. While Nifty50 was above 25,100, BSE Sensex was up over 300 points. At 9:16 AM, Nifty50 was trading at 25,126.60, up 82 points …

Federal Reserve Chair Jerome Powell said the central bank will maintain a cautious stance on interest rates and await more data before considering cuts—directly opposing President Donald Trump’s fresh demands for immediate rate reductions. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our …

US President Donald Trump said Tuesday that the ceasefire between Iran and Israel is “NOW IN EFFECT.” “THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” he wrote on his Truth Social platform. The US leader had earlier said the truce would be a phased 24-hour process beginning at around 0400 GMT Tuesday, with Iran unilaterally halting all …

(Representative image credits: ANI) Asian shares climbed on Tuesday while oil prices dropped, as investor fears of a major energy shock eased following US President Donald Trump‘s announcement of a ceasefire between Iran and Israel.Markets were reassured after Iran did not retaliate to a US strike on its nuclear facilities by disrupting oil transport through the Strait of Hormuz. Instead, …

But there was no confirmation from Israel and the Israeli military said it had detected missiles launched from Iran towards Israel in the early hours of Tuesday. “Defensive systems are operating to intercept the threat,” the Israel Defense Forces said in a statement. Israel, joined by the United States on the weekend, has carried out attacks on Iran’s nuclear facilities, …