The article from The Economic Times, dated June 14, 2025, titled "Trump's earnings: $57 million in crypto, $217 million from Florida golf clubs," details U.S. President Donald Trump’s income as reported in a public financial disclosure released by the U.S. Office of Government Ethics on June 13, 2025.
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June 08 SUMMARY The article from Business Standard, published on June 8, 2025, titled "Los Angeles: Anti-immigration protests, ICE raids, National Guard, Trump," details escalating tensions in Los Angeles following U.S. Immigration and Customs Enforcement (ICE) raids. Key points ICE Raids and Arrests: On June 6-7, 2025, ICE conducted raids across Los Angeles, targeting businesses like Home Depot stores, a doughnut shop, and a clothing warehouse, arresting 118 immigrants, including five linked to...
June 06 SUMMARY The article from The Hindu BusinessLine, published on June 6, 2025, titled "US markets are no longer safe for investments, Carmignac says," reports concerns raised by Raphael Gallardo, chief economist at French asset manager Carmignac, about the U.S. as an investment destination. KEY POINTS Trump’s Tax and Spending Bill: Gallardo warns that President Donald Trump’s tax and spending bill, particularly Section 899 (dubbed the “revenge tax”), increases tax...
June 06 SUMMARY The article from The Economic Times, titled "From barbs to blows? 6 ways Donald Trump can harm Elon Musk," outlines the escalating feud between U.S. President Donald Trump and billionaire Elon Musk, detailing potential ways Trump could negatively impact Musk's businesses and reputation. The conflict, which intensified over Musk's criticism of Trump’s "One Big Beautiful Bill" (a tax and spending package), has shifted from policy disagreements to personal attacks, including...
June 04 SUMMARY Former U.S. President Donald Trump's proposed "$5 million Gold Card" visa program aims to offer permanent U.S. residency to foreign nationals who invest $5 million, positioning it as a replacement for the existing EB-5 investor visa. This initiative is expected to appeal to wealthy Indian investors, offering benefits like immediate residency, flexible tax options, and no job creation requirements. However, legal experts caution that implementing such a program would require...
May 30 SUMMARY The U.S. House of Representatives has passed the "One Big Beautiful Bill," which includes a 3.5% tax on international remittances sent by non-citizens, such as H-1B visa holders and green card holders. This tax is expected to take effect in 2026, pending Senate approval. The proposed U.S. remittance tax and reciprocal tariffs are poised to significantly impact India's economy, potentially resulting in billions of dollars in lost investments. Key Points Impact on India:...
May 26 SUMMARY Elon Musk's political involvement, particularly his leadership of the Department of Government Efficiency (DOGE), has been linked to a significant decline in Tesla's brand reputation and sales, according to marketing professor Scott Galloway. Galloway described Musk's political alliances as "cosying up to the wrong people," leading to "one of the greatest brand destructions" ever. Galloway highlighted that Musk's alignment with political figures and increased political...
May 18
May 17 SUMMARY Moody's has downgraded the United States' long-term credit rating from Aaa to Aa1, marking the first time the U.S. has lost its top-tier rating from all three major credit agencies. This decision stems from concerns over escalating fiscal deficits, rising debt servicing costs, and political gridlock hindering effective fiscal policy. Reasons for the Downgrade Mounting Debt and Deficits: The U.S. national debt has surged to $36.22 trillion in 2025, up from $28 trillion in 2019, driven by...
April 09
April 07 BUSINESS STANDARD India’s top six information technology (IT) services players, along with Nasdaq-listed Cognizant Technology, have deals worth at least $20 billion up for renewal this year, according to people familiar with the matter. Deals worth $14 billion were renewed in 2024.
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