'I expect IT stocks to trade lower for some time. They are unlikely to make money for investors.'
US President Donald Trump has condemned the murder of an Indian-origin motel manager in Dallas, allegedly by an undocumented Cuban immigrant, blaming the Biden administration's immigration policies.
The Indian embassy in Washington DC and the Indian Consulate in New York have also been in touch with the US authorities to ascertain the details in the case, the sources said.
The US on Monday decided to delay imposing its "Liberation Day" reciprocal tariffs until August 1, allowing more time to iron out issues between New Delhi and Washington before finalising an interim trade deal. On April 2, US President Donald Trump announced reciprocal tariffs against a number of countries including India (26 per cent), but paused the implementation of these duties for 90 days, giving all trading partners the deadline till July 9 to reach a deal.
Despite relatively smaller Indian populations in cities like Seattle and Buffalo, the proportion of Indian nationals detained in these locations remains disproportionately high.
The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.
In the June 16 advisory, the US urged its citizens to exercise "increased caution" due to crime and rape, and advised them not to travel to certain parts of central and eastern parts of the country due to terrorism.
Nehal Modi, the younger brother of fugitive diamantaire Nirav Modi, has been arrested in the US based on extradition requests from the Enforcement Directorate and the CBI.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
Adani Group on Monday said it does not handle any cargo coming from Iran or any Iranian-owned ship at any of its ports, as it denied any deliberate engagement in sanctions evasion. In a stock exchange filing, the group said reports of links between any of its entities and Iranian LPG are "baseless and mischievous".
Outlining each visa adjudication as a "national security decision", the US has asked applicants to share their social media usernames or handles of each platform they have used in the last five years.
'Is it right and proper for the US authorities to allow people like Subrahmanya Swamy [sic] go round the country preaching murder, violence, overthrow of the duly elected Government of India?' A fascinating excerpt from Sugata Srinivasaraju's The Conscience Network: A Chronicle of Resistance to a Dictatorship.
Mr Trump's actions, because of their extreme nature and the dangerous rhetoric that accompanies them, receive the most attention, points out Mihir S Sharma.
A 26-year-old student from Telangana, G Praveen, was found dead with bullet wounds in the US. The circumstances leading to his death are unclear. Praveen's family was informed by US authorities on Wednesday morning (Indian time). Some friends said that Praveen's body was found with bullets, his cousin Arun told PTI. The family is native of Ranga Reddy district, neighbouring Hyderabad. The US authorities informed family members that the cause of death would be known after an autopsy. Praveen, who studied B Tech in Hyderabad, had gone to the US in 2023 to pursue MS. He visited India in December, 2024 and left for America in January this year.
The US consulate in Mumbai has granted visas to the family members of Indian student Neelam Shinde, who suffered serious injuries in a road accident in California and is undergoing treatment. Shinde, who hails from Satara in Maharashtra and is studying in the United States, is still in a coma at a hospital in San Francisco, but her condition has slightly improved. The Ministry of External Affairs had taken up the family's request for an urgent visa with the US authorities.
India's mango exports to the US are registering healthy growth, and irradiation operations at a key mango treatment facility in Mumbai have been normalised after a brief disruption due to a data recording error earlier this month, an official said on Tuesday. The Mumbai-based irradiation facility, which handles the highest volume of mangoes destined for the US, faced an issue during the irradiation process conducted on May 8 and 9, 2025.
Pakistan's ambassador to Turkmenistan, K K Wagan, was deported from the United States after being denied entry at Los Angeles airport. The incident has sparked concerns about diplomatic protocol and the nature of the US authorities' decision. Wagan, who holds a valid US visa, was forced to return to his last port of departure. The Foreign Office confirmed the envoy had gone to the US on a private visit and is investigating the matter. It remains unclear what specific concerns triggered the deportation, but sources suggest the US immigration system flagged Wagan over controversial visa references. The incident has been communicated to Pakistan's Foreign Minister Ishaq Dar and Foreign Secretary Aamna Baloch, and the Foreign Ministry has directed its Consulate in Los Angeles to investigate.
'Horrific act of terror that the people of Israel are waking up to this morning. AG Pam Bondi called to let me know and was at the scene. 2 dead in shooting targeting Israeli embassy staffers outside Jewish Museum in Washington DC'
India has raised concerns with the US over the recent deportation of 104 Indian immigrants, with Foreign Secretary Vikram Misri revealing that US authorities have identified up to 487 presumed Indian citizens with "final removal order." Misri also highlighted the "ecosystem to promote illegal migration" and stressed the need for action against those involved in facilitating such operations.
A multi-agency team has gone to the US and all paperwork and legal issues are being completed with US authorities to bring him to India, they said.
According to the minister, the government continues to be engaged with the US to promote mutually advantageous and secure mobility frameworks for streamlining the movement of students and professionals and facilitating short-term tourist and business travel.
Rajya Sabha MP Kapil Sibal has congratulated both the previous UPA government and the current dispensation for the extradition of Tahawwur Hussain Rana, the mastermind behind the 2008 Mumbai attacks. Sibal expressed confidence that the extradition will shed light on the involvement of individuals within Pakistan's establishment in the attacks. Rana is being questioned by the National Investigation Agency (NIA) to uncover the full extent of the conspiracy behind the deadly 2008 terror strikes. Sibal highlighted the efforts of the UPA government in establishing the NIA and pursuing Rana's extradition, and also acknowledged the current government's success in bringing him back to India. The interrogation is expected to focus on Rana's potential ties to the Lashkar-e-Taiba (LeT) and his role in the Mumbai attacks.
India has expressed concern to the US authorities over the treatment of deportees on a flight that landed on February 5, particularly with respect to the use of shackles, especially on women. The Ministry of External Affairs (MEA) has also registered its concerns regarding the need to accommodate the religious sensitivities and food preferences of the deportees. The US side has confirmed that no women or children were restrained on the deportation flights that landed in India on 15th and 16th February, 2025.
Modi will try to impress upon the Trump administration the importance of appreciating its sensitivities and political implications on the issue of deporting undocumented Indians in military aircraft.
Indians have topped the number of illegal immigrants from Asian countries caught at land, sea, and air checkpoints of the US since 2022.
The hugely significant development comes just days after Rana's last-resort attempt to evade extradition to India failed after the US Supreme Court justices denied his application, moving him closer to being handed over to Indian authorities to face justice in the dastardly attacks.
United States President Donald Trump on Thursday announced the extradition of the 26/11 Mumbai terror attack accused Tahawwur Rana to India and said he will face justice.
The Congress party has claimed credit for the extradition of Tahawwur Rana, an accused in the 2008 Mumbai terror attacks, from the US, saying the Modi government did not initiate the process and merely benefited from the "mature, consistent and strategic diplomacy" begun under the UPA. Former Home Minister P Chidambaram said the government did not secure any breakthrough to make the extradition possible, nor is it the result of any grandstanding. He added that it was a testament to what the Indian state can achieve when diplomacy, law enforcement and international cooperation are pursued sincerely and without any kind of chest-thumping. Chidambaram detailed the UPA government's efforts in securing Rana's extradition, citing the registration of a case against him in 2009, diplomatic pressure on Canada and the US, and continued efforts despite legal setbacks. He highlighted the role of the UPA in securing Rana's conviction for other terrorism-related offences and the cooperation between the US and Indian agencies in gathering evidence and securing his extradition. The Congress leader further stated that it was the UPA's groundwork that paved the way for Rana's extradition, even after the change in government in 2014.
ONGC's overseas arm applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects.
US authorities have identified a 24-year-old man as a person of interest in the case of a 20-year-old Indian student who has gone missing during a spring break visit to the Dominican Republic. Sudiksha Konanki, a citizen of India and a permanent resident of the United States, was last seen on March 6 at the Riu Republic Resort in Punta Cana. The Loudoun County Sheriff's Office, Konanki's hometown in Virginia, said Joshua Riibe was seen with Sudiksha at a resort before she went missing. While Konanki's father has asked local authorities to broaden the investigation, authorities maintain that the case is not a criminal investigation and Riibe is not considered a suspect. However, he is considered a person of interest as he was the last one to be seen with Konanki. The Dominican Republic National Police has established a "high-level commission" to oversee the investigation and will be reinterviewing "targeted individuals" who were seen near or with Konanki at the time of her disappearance.
The family of missing 20-year-old Indian student Sudiksha Konanki has asked police in the Dominican Republic to declare her dead, according to US media reports. Konanki was last seen on March 6 at the Riu Republic Resort in Punta Cana town. She has gone missing while on vacation in the Dominican Republic and US federal law enforcement agencies are working with authorities in the Caribbean country in the probe into her disappearance. Despite an extensive search, her body has not been found.
Tahawwur Rana, accused in the 2008 Mumbai terror attacks, has been extradited to India after the US Supreme Court denied his last-ditch effort to avoid being sent back. Rana, a close associate of David Coleman Headley, another key conspirator in the attacks, was expected to be extradited "shortly" after his legal appeals failed. This decision comes after a multi-agency team from India traveled to the US to complete all necessary paperwork and legalities with the US authorities. Rana's extradition marks a significant development in the pursuit of justice for the victims of the Mumbai attacks.
All 33 persons from Gujarat, who were among 104 Indians deported from the US for illegal immigration, were safely transported to their native places on Thursday in state vehicles under the supervision of police, the state government said.
Several opposition MPs in India have criticized the government's handling of the deportation of Indian citizens from the United States, questioning the treatment they received. A US military aircraft carrying 104 Indian immigrants landed in Amritsar, India, on Wednesday, marking the first batch of Indians deported by the Donald Trump administration as part of a crackdown on illegal immigration. The deportees reported being handcuffed throughout the journey, sparking protests from opposition leaders who staged a demonstration in Parliament wearing handcuffs. While the government maintains it will address the issue at a later time, opposition members condemned the treatment of the Indians and questioned the government's handling of the situation.
A high-powered enquiry committee set up by the Indian government has recommended legal action against an unnamed individual after probing activities of organized criminal groups and terrorist organizations that undermined the security interests of both India and the US. The probe was ordered after the US alleged an attempt to kill Khalistani separatist Gurpatwant Singh Pannun by Indian agents in New York in 2023. The committee, which received full cooperation from US authorities, has also recommended functional improvements in systems and procedures to strengthen India's response capability.
The Central Bureau of Investigation (CBI) has sent a judicial request to the United States seeking information from private investigator Michael Hershman, who has claimed to possess crucial details about the Rs 64-crore Bofors bribery scandal of the 1980s. Hershman, the head of the Fairfax Group, had previously expressed his willingness to share information with Indian agencies, alleging that the investigation into the scam was derailed by the then Congress government. The CBI's request comes after previous attempts to obtain information from US authorities yielded no results. This move highlights the continued efforts to uncover the truth behind the decades-old scandal, which has had a significant impact on Indian politics.
The Indian government does not track the number of undocumented Indian immigrants residing in the US. Minister of State for External Affairs Kirti Vardhan Singh, in a written response to a query in the Rajya Sabha, said these immigrants have "legally exited India" but have either overstayed their visa validity, or have entered the US illegally or without valid documents. The response comes at a time when Prime Minister Narendra Modi is on a two-day visit to the US, during which he will hold a bilateral meeting with President Trump. The two leaders are likely to discuss India-US cooperation in sectors like trade, investment, energy, defense, technology and immigration.
During his inauguration on Monday, President Trump declared a national emergency at the US southern border.
Dozens of Indian immigrants, mostly from Punjab, were deported from the United States after attempting to enter the country illegally. They were returned to India in shackles, having spent lakhs of rupees on the journey. Many of the deportees said they were duped by travel agents who promised them a better life in the US. Their families had sold land, borrowed money, and mortgaged their properties to finance the trip. The deportees are now facing a bleak future, having lost their money and their dreams of a better life in the US.
US investment banker JP Morgan has given 'overweight' rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. In a report, JP Morgan gave 'overweight' rating on three bond issues of Adani Ports & SEZ and one by Adani Electricity Mumbai Ltd (a subsidiary of Adani Energy Solutions Ltd). It has taken neutral stand on other five Adani bonds and is underweight on one bond issued by Adani Green Energy Ltd.
