July 31, 2025
US sets August 1 deadline for new tariffs under Section 301 with varied rates and trade commitments
The US administration has set an August 1 deadline to impose new tariffs following a series of trade negotiations with multiple countries. Agreements reached include a 15% tariff on South Korean goods coupled with significant US investment commitments, a 15% tariff framework with the European Union covering 70% of imports while some sectors remain under negotiation, and a 15% tariff on Japanese goods with commitments to open markets for US autos and rice. The US also agreed to reduce tariffs on imports from the Philippines and Indonesia to 19%, with reciprocal duty-free treatment for US exports. Vietnam faces a 20% tariff with additional measures against transshipment, while the UK secured tariff reductions on steel and aluminum, though not to zero. A tentative truce with China includes tariff rollbacks and commitments to ease US access to critical materials, with ongoing discussions about extending tariff deadlines. Many agreements lack full details and implementation timelines remain uncertain.
July 31, 2025
Congress Sues DHS and ICE Over Unlawful Restrictions on Unannounced Oversight Visits to Detention Centers
A group of twelve members of Congress filed a federal lawsuit against the Department of Homeland Security and Immigration and Customs Enforcement, alleging unlawful obstruction of their statutory right to conduct unannounced oversight visits to immigration detention centers. The suit challenges new agency policies requiring seven days' advance notice and denying access to ICE field offices, despite statutory provisions allowing members of Congress to enter such facilities without prior approval. The plaintiffs contend these restrictions hinder congressional oversight amid reports of overcrowding, mistreatment, and inadequate conditions in detention centers, and argue that Congress must ensure proper use of increased federal funding allocated to ICE detention. The agencies defend the policies as necessary to prevent interference with executive functions and address security concerns. The lawsuit seeks immediate court-ordered access to all ICE detention and field facilities to fulfill congressional oversight responsibilities.
July 31, 2025
US-Pakistan agree on joint oil development; 25% tariff imposed on India amid trade tensions
The United States and Pakistan have entered into an agreement to collaborate on developing Pakistan's oil reserves, with a U.S. oil company to be selected to lead the partnership. This deal was announced alongside the imposition of a 25 percent tariff on India and additional penalties related to India's procurement of Russian military and energy products. The U.S. administration indicated ongoing efforts to negotiate trade agreements with other countries, including South Korea, aiming to reduce the U.S. trade deficit. The arrangement may potentially enable Pakistan to export oil to India in the future.
July 31, 2025
Tech Giant Sees 34% Cloud Revenue Growth, Beats Q4 Earnings, Announces 15,000 Layoffs for AI Focus
A major technology company reported a 34 percent increase in annual cloud computing revenue, reaching $75 billion, driven by its focus on artificial intelligence. The company's fiscal fourth-quarter profit exceeded analyst expectations, with earnings of $3.65 per share on $76.4 billion in revenue, an 18 percent year-over-year increase. Despite strong financial performance, the company announced layoffs of approximately 15,000 employees, citing a strategic shift toward AI and operational efficiency. The layoffs were described as difficult but necessary to realign the company's mission. This move aligns with broader industry trends, as competitors have also increased capital expenditures significantly to support AI infrastructure investments.
July 31, 2025
Fed Holds Rates Steady Amid Inflation Concerns, New Tariffs Impact US Markets and Earnings Reports
Most US stocks declined following the Federal Reserve's decision to maintain interest rates, dampening expectations of a rate cut in September. The Fed chair emphasized inflation remains above target and the job market is balanced, signaling caution against lowering rates despite some committee dissent. Concurrently, new tariffs on imports from India and copper were announced, potentially increasing costs for US consumers and businesses. Market reactions included mixed earnings reports, with some companies exceeding forecasts while others fell short, contributing to overall market volatility. Treasury yields rose, reflecting adjusted investor expectations about future monetary policy. The combination of trade tensions, cautious Fed outlook, and mixed corporate performance influenced a modest downturn in major US stock indexes.
July 31, 2025
Executive Order Imposes 50% Tariffs on Brazilian Imports Citing Economic Emergency Under 1977 Law
An executive order was signed to impose a 50% tariff on certain Brazilian imports, citing an economic emergency under a 1977 law due to Brazil's policies and the prosecution of a former Brazilian president. The order adds a 40% tariff to an existing 10% tariff but exempts specific products such as civil aircraft, aluminum, and energy products. The justification includes allegations that Brazil's judiciary coerced social media companies and restricted users. Concurrently, sanctions were announced against a Brazilian Supreme Court justice for alleged suppression of freedom of expression in connection with the ongoing trial of the former president. Visa restrictions on Brazilian judicial officials were also imposed. The tariffs take effect seven days after the order's signing.
July 31, 2025
US Imposes 25% Tariff on Indian Imports Starting August 1 to Address Trade Deficit and BRICS Concerns
The United States announced a 25 percent tariff on all goods imported from India effective August 1, citing a significant trade deficit and India's membership in the BRICS group, which the US views as opposing the dollar's dominance. The tariff imposition coincides with ongoing trade negotiations scheduled for later in August. The US criticized India's high tariffs on American goods, which it claims hinder bilateral trade, and indicated the possibility of penalties related to India's purchases of Russian crude oil and military equipment. The US administration emphasized that these measures aim to address trade imbalances and counter perceived economic challenges posed by BRICS nations. Discussions with India continue, with potential adjustments to tariffs dependent on negotiation outcomes.
July 31, 2025
Two foreign nationals arrested for illegal residency using forged documents and fake IDs under relevant forgery laws
Two foreign nationals were arrested in West Bengal for allegedly residing in India using forged documents. One individual, a woman, was apprehended in Kolkata with multiple counterfeit passports and Indian identification cards, including Aadhaar and voter ID. The other person, originally from a district in Bangladesh, was detained in South 24 Parganas for living in India for over 15 years under a false identity. Authorities are investigating how the latter entered the country, obtained fake documents, and was registered on the electoral roll. Both arrests relate to forgery and illegal residency offenses.
July 31, 2025
Unlawful Assembly Charges Filed After Group Harasses Military Family Over Citizenship Proof
A family with military service background was confronted by approximately 80 individuals linked to a Hindutva group who accused them of being foreign nationals and demanded proof of citizenship at their residence. The group allegedly forced entry, chanted slogans, and attempted to coerce the family into accompanying them to a police station, where some claimed to be plainclothes officers. Police investigated and found the family's documents to be legitimate, registering a case for unlawful assembly against the group. The family alleged police inaction and pressure to remain silent about the intrusion. The police commissioner confirmed the registration of charges related to the unlawful assembly and stated that further legal action could follow. The family, supported by social activists and lawyers, sought police accountability and protection against such harassment.
July 31, 2025
Federal Reserve Keeps Interest Rate Steady at 4.3% Amid Tariff Concerns and Inflation Risks
The Federal Reserve maintained its key short-term interest rate at approximately 4.3 percent for the fifth time this year, despite repeated demands from the President for cuts. The decision reflects concerns about the economic impact of recent import tariffs, which have increased costs for certain goods and contributed to a modest rise in inflation. The vote revealed internal division, with two governors dissenting in favor of lowering rates, marking the first such split among Washington-based governors in over 30 years. The majority, including the Chair, preferred to wait for clearer economic effects of the tariffs before adjusting rates. This decision is likely to intensify tensions between the Federal Reserve and the executive branch, as the President continues to pressure the independent agency to reduce borrowing costs.
July 30, 2025
US Imposes 25% Tariff on Indian Imports Over Trade Barriers Starting August 1 to Address Deficit
The US administration expressed frustration over stalled trade negotiations with India, announcing a 25 percent tariff on Indian imports effective August 1, citing India's high tariffs and non-monetary trade barriers against American products. The tariff aims to address the US trade deficit and pressure India to alter its trade practices, including its procurement of military equipment and energy from Russia. US officials indicated that the tariff might prompt Indian firms to lower prices, reconsider trade policies, and potentially increase production in the US. Critics argue the US is employing aggressive tactics despite ongoing negotiations, with key sticking points including tariff baselines and agricultural exports. Observers warn that escalating tensions could harm bilateral trade relations and economic interests on both sides if a mutually beneficial agreement is not reached.
July 30, 2025
Indian Auto Firm to Acquire Italian Commercial Vehicle Maker for €3.8B via Voluntary Tender Offer, Excluding Defense Business
An Indian automotive company has agreed to acquire an Italian commercial vehicle manufacturer for approximately €3.8 billion, excluding the latter's defense business. The acquisition involves a 100% purchase of common shares through an all-cash voluntary tender offer, subject to regulatory and statutory approvals, with a minimum acceptance threshold of 80%. The deal aims to create a global commercial vehicles group with complementary product portfolios and geographic reach across Europe, India, and the Americas. The transaction is expected to close by April 2026, contingent on the separation of the defense business and necessary clearances. Both parties anticipate that the combination will enhance innovation, sustainability, and market competitiveness while preserving employment and industrial footprints. The acquiring company will complete the purchase through a wholly owned subsidiary incorporated under Dutch law.
July 30, 2025
US Imposes 25% Tariff on Indian Imports Under Section 301 to Pressure Trade Concessions
The US President expressed frustration over stalled trade negotiations with India, announcing a 25% tariff on Indian imports effective August 1, citing India's high tariffs on American goods and its purchase of military equipment and energy from Russia. The tariff aims to pressure India to lower prices and open its markets to US products, potentially leading to onshoring of production and future trade deals. A former US official noted the US is employing aggressive tactics despite an ambitious deal in progress, highlighting disagreements over tariff baselines and export demands. The US seeks direct negotiations with India's leadership, while India resists reopening terms already agreed with US trade representatives. Observers warn that failure to reach an agreement could harm both countries' economies and businesses, urging continued dialogue despite tensions.
July 30, 2025
Customs seize Rs 8 crore hydroponic marijuana from passengers, arrests made under NDPS Act sections
Customs authorities at a Mumbai international airport seized hydroponic marijuana valued at approximately Rs 8 crore from four passengers arriving from Thailand. In two separate incidents, three passengers were found with nearly 2 kg of the drug concealed in vacuum-sealed packets within their luggage, while another passenger carried over 6 kg similarly hidden. All individuals were arrested and charged under the Narcotic Drugs and Psychotropic Substances Act for possession and attempted smuggling of narcotics.
July 30, 2025
Ruling Party Supports PM Amid US 25% Tariff on Indian Goods, Eyes Fair Trade Talks and Countermeasures
Following the US government's announcement of a 25 percent tariff on Indian goods effective August 1, ruling party members expressed strong support for the Prime Minister and confidence in his leadership to address the issue. They criticized opposition leaders for allegedly welcoming the US move and undermining national unity. The government stated it is assessing the tariff's impact and aims to negotiate a fair bilateral trade agreement. Lawmakers emphasized India's significant role in global trade and indicated that countermeasures may be considered. The government reaffirmed its commitment to protecting national interests in trade matters, referencing previous agreements such as the one with the UK. Opposition criticism was characterized as politically motivated and lacking faith in India's sovereignty.
July 30, 2025
Chief Minister Claims Central Govt Cut Urea Supply, Hurting Farmers Amid Good Rainfall and Sowing Season
The Chief Minister of a southern Indian state accused the central government of reducing the state's urea allocation, causing shortages during a critical sowing period despite favorable rainfall and increased agricultural activity. The state reportedly received less than half of the required urea supply between April and July, impacting farmers. The Chief Minister also criticized the previous state government for financial mismanagement, citing unpaid bills and unauthorized expenditures, and highlighted a significant reduction in the state's share of central taxes under the latest finance commission, resulting in substantial revenue losses. Despite these challenges, the state continues to invest heavily in social welfare schemes, capital expenditure, and debt servicing. The administration emphasized the importance of effective implementation of budgetary promises, transparent use of special grants, and active legislative participation in development programs to address grievances and expedite project execution. The state also reported leading national rankings in per capita income and improvements in women's employment linked to welfare schemes.
July 30, 2025
Company to Acquire Italian Firm via All-Cash Tender Offer Excluding Defense Business, Subject to 80% Share Acceptance
A company has approved the acquisition of an Italian firm by purchasing 100 percent of its common shares through an all-cash voluntary tender offer, excluding the target's defense business. The transaction, valued at approximately 3.8 billion euros, is subject to regulatory and statutory approvals and requires a minimum acceptance of 80 percent of shares tendered. The offer price is set at 14.1 euros per share. The acquisition follows a recent demerger of the acquiring company's commercial vehicle business and aims to create a combined group with strategic markets in India and Europe, enhancing global competitiveness and investment capacity. The target firm's chair expressed support for the combination, highlighting a shared vision for sustainable mobility.
July 30, 2025
Luxembourg Investors Commit to Odisha's Growing Steel Sector, Boosting Economic Ties and Industrial Growth
Investors from Luxembourg have identified Odisha as an investor-friendly state with significant growth potential, particularly in the steel sector. A Luxembourg-based company specializing in valves and equipment for the iron and steel industry inaugurated its corporate office in Odisha, signaling a long-term commitment to the region's industrial development. State officials highlighted Odisha's strategic position within India's steel industry and welcomed foreign investments, emphasizing the strengthening economic ties between India and Luxembourg. The event was attended by representatives from major Indian industry associations, reflecting broad support for increased international business collaboration in Odisha.
July 30, 2025
Chief Minister promotes investment in green energy, infrastructure, IT parks, and eco-tourism with global partners
The Chief Minister of an Indian state concluded a visit to Singapore, engaging with global corporations and financial institutions to promote investment in infrastructure, green energy, real estate, eco-tourism, and industrial development within the state. Discussions included development of IT parks, economic corridors integrating seaports and airports, eco-tourism projects, and drone and defense-aerospace hubs. Financial institutions expressed interest in supporting clean energy financing and infrastructure lending. A sovereign wealth fund showed interest in MSME growth and sustainable infrastructure joint ventures. The state expressed readiness to sign agreements in sectors such as food processing, healthcare, and infrastructure. The visit involved multiple meetings focusing on urban development, technology, and investment opportunities, with an invitation extended to participate in an upcoming global investors summit.
July 30, 2025
Men arrested for Rs 35 lakh digital fraud using fake FIRs and threats under IPC Section 420
Two men were arrested in Delhi for orchestrating a digital arrest cyber fraud scheme targeting a woman, resulting in the loss of over Rs 35 lakh. The accused impersonated law enforcement officials, falsely accusing the victim of criminal activities and coercing her into transferring funds over nearly three months. They manipulated her through forged FIRs, arrest warrants, and continuous communication, threatening arrest and instructing her to delete transaction evidence. Investigators traced multiple suspicious transactions linked to fake accounts created using forged documents. One accused confessed to opening several bank accounts with forged identities, while the other managed fund transfers and recruited accomplices. The police used digital forensics and transaction records to reconstruct the scam. Further investigations into the syndicate are ongoing.
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