On February 20, 2025, Tata Steel announced that it has purchased more than 191 million shares of T Steel Holdings Pte Ltd for $300 million, which is about ₹2,603.16 crore. T Steel Holdings is a company based in Singapore and is part of Tata Steel, a large Indian steel company. This means that T Steel Holdings will still be completely owned by Tata Steel after this deal. The shares have a face value of $0.157 each. This move will likely strengthen Tata Steel’s position in the steel industry.
Category: News
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Advantage Assam 2.0: PM Modi Leads Major Investment Summit
Next week, a big event called ‘Advantage Assam 2.0’ will be held in Guwahati. Prime Minister Narendra Modi and many important people from businesses and governments will attend this two-day summit. PM Modi will open the event, which will feature talks from famous business leaders like Mukesh Ambani and Gautam Adani.
Assam’s Chief Minister, Himanta Biswa Sarma, said that more than 18,000 people have already signed up to join. They expect to finalize over 1,500 important agreements (called memorandums of understanding, or MoUs) and look for investments over ₹1 lakh crore (which is a huge amount!).
Many important ministers will also attend, including External Affairs Minister S. Jaishankar, who will bring a group of 35 ambassadors from countries like Germany and Australia. Before the summit, they will visit Kaziranga National Park.
The event will have high-level business guests from Japan, South Korea, and other countries. On February 25, Finance Minister Nirmala Sitharaman will be the special speaker for the closing session.
There will be different talks on topics like tourism and health, and the state cabinet will carefully review the MoUs to make sure they lead to actual projects. This summit is a follow-up to the first ‘Advantage Assam’ event in 2018, where many companies promised to invest large sums in the state, totaling over ₹65,000 crores.
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Trump’s Risky Deal: What It Means for Ukraine’s Future
Let’s look at how Donald Trump is thinking about the war in Ukraine. Instead of trying to help Ukraine first, he seems more interested in making friends with Russia. This is a big meeting where Trump talks to Russian leaders but doesn’t include Ukraine, meaning they aren’t really the priority.
Trump even tries to blame Ukrainian President Volodymyr Zelenskiy for the problems, which seems unfair. It’s strange that Trump started his campaign by making calls to Putin and already offering to give in to many of Russia’s demands about Ukraine before even having real discussions.
For example, Trump suggests that Ukraine should not join NATO and should not get back the land taken by Russia. He even wants Ukraine to have elections during wartime to change leaders, which fits with Russia’s goals. This would make it easier for Russia to control Ukraine.
A man named Kirill Dmitriev, an important Russian businessman, was also present at a meeting in Saudi Arabia. He suggested that Trump is good at fixing problems, but the main problem he wants to fix is how much money the U.S. lost from dealing with Russia because of the war.
When Trump talks about getting $500 billion from Ukraine for resources, it’s not about the exact number. It’s more about making a big claim. In fact, many American companies used to do business in Russia, but a lot have left since the war began.
While Trump negotiates, he talks about lifting economic sanctions on Russia, which he won’t do until there’s a final deal. But this focus seems to benefit Russia more than Ukraine, as he talks about reconnecting economically with Russia first.
While Trump is in Saudi Arabia, he’s pressuring Ukraine to give away a large part of its resources for U.S. military aid, which is something normally forced on defeated countries.
During a press conference, Trump even mocked Zelenskiy saying he should have elections, accusing him of causing the war, even though that’s just not true.
Trump and his supporters seem to see Russia as allies against liberal ideas, while Ukraine is seen as part of a bigger fight for democracy.
In the end, Trump may have a plan to help Ukraine, but right now, it looks like he is more focused on making deals that might hurt Ukraine. His actions make it seem like he sees strong nations as those worth negotiating with, while weaker ones can be taken advantage of.
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Pankaj Singh: Delhi’s New Cabinet Minister Promises a Cleaner City
Pankaj Kumar Singh, a member of the Bharatiya Janata Party (BJP) and MLA for Vikaspuri in Delhi, has become a cabinet minister in the new government led by Rekha Gupta. He took his oath on Thursday at Ramlila Maidan, where six other cabinet ministers were also sworn in. This important event was attended by Prime Minister Narendra Modi, many senior BJP leaders, and chief ministers from states where the BJP and its allies rule.
Singh shared his vision for a clean and beautiful Yamuna river, saying, “We will inspect the river, and I promise you will see big improvements by the next Chhath festival. Our first cabinet meeting will focus on these changes.” He also emphasized that the people of Delhi will see a cleaner environment under his leadership.
Here are four key points about Pankaj Singh:
1. Background: Pankaj Singh is a dentist with a degree from Magadh University in Bihar.
2. Political Involvement: He has been active in Delhi politics, holding various roles in the Municipal Corporation of Delhi (MCD), where his father was a commissioner.
3. Experience: Before becoming an MLA, he served as a ward councillor.
4. Election Victory: In the 2025 Delhi assembly election, he won against AAP’s Mahinder Yadav by around 13,000 votes. -
Tripura CM Requests New Vande Bharat Train for Agartala-Guwahati Route
Tripura’s Chief Minister, Manik Saha, has asked Railway Minister Ashwini Vaishnaw to start a new Vande Bharat train service between Agartala, the state’s capital, and Guwahati in Assam. Saha met with Vaishnaw in New Delhi to talk about various improvements to the railways in Tripura.
In a Facebook post on Wednesday, Saha wrote, “I met with the Union Minister of Railways and IT, Ashwini Vaishnaw, at Rail Bhawan in New Delhi. We talked about important topics, including starting the Vande Bharat Train, a train between Agartala and Guwahati, local trains between Dharmanagar and Sabroom, and laying new tracks for the Jirania-Bodhjungnagar and Dharmanagar-Kailashar routes. We also discussed a special train for farmers between Agartala and Guwahati.”
Earlier, Saha also met Education Minister Dharmendra Pradhan to talk about improving schools in Tripura, upgrading Women’s College to a Women’s University, and turning Tripura Institute of Technology into a Technical University.
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Police Crack Down on Social Media Violations at Maha Kumbh
The Uttar Pradesh Police is looking into an Instagram account that shared videos of women taking a holy dip at the Maha Kumbh festival. They have asked Meta, which owns Instagram, to help find out who runs the account. The police promised to take action, including possible arrests, once they have this information.
On February 17, a case was filed against the Instagram account for posting these videos, which are disrespectful to the women involved. Another case was registered on February 19 against a Telegram channel that was selling similar videos. The police are currently investigating both cases at the Kotwali Kumbh Mela police station in Prayagraj, where the festival is happening.
The police’s actions come after their social media team discovered people sharing videos of women bathing and changing clothes, which goes against their privacy and dignity. Prashant Kumar, the top police officer in the state, has ordered action against any misleading or offensive posts related to the religious gathering. The Maha Kumbh began on January 13 and will end on February 26. So far, over 56 crore devotees, including about 1.10 crore people just this past Wednesday, have participated by taking the holy dip.
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Delhi’s New Cabinet Ministers Sworn in with CM Rekha Gupta
On Thursday, important leaders from the Bharatiya Janata Party (BJP)—Parvesh Verma, Manjinder Singh Sirsa, and Kapil Mishra—will swear in as cabinet ministers alongside the new Chief Minister of Delhi, Rekha Gupta, at a big event at Ramlila Maidan.
Also joining them are Ashish Sood, Pankaj Kumar Singh, and Raviraj Indraj, who will also be taking their oaths as cabinet ministers in the new BJP government. The ceremony will be special, attended by Prime Minister Narendra Modi and many other important guests.
Meet the New Delhi Ministers:
– Parvesh Sahib Singh Verma: He is a well-known political figure in Delhi and famously defeated Aam Aadmi Party leader Arvind Kejriwal in New Delhi with 4,089 votes. The BJP won the Delhi election by securing 48 out of 70 seats, making Verma a top candidate for a big role. He was also a Lok Sabha MP for West Delhi from 2014 to 2024.
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Smart Investing Strategies for Today’s Market Volatility
Investing can be tricky and unpredictable, especially now with many worldwide and local issues. It’s more important than ever to have a balanced mix of investments. Top fund managers share their advice to help investors navigate these uncertain times.
Market Ups and Downs Are Here to Stay
Aman Chowhan, a fund manager at Abakkus Asset Manager LLP, says investors should prepare for ongoing market ups and downs. In the past, global markets were the main concern, but now India is also facing challenges. Markets don’t like uncertainty, which makes investor confidence low. While we might not experience a big drop of 30-40%, a small dip of about 5-10% could happen before things get better.Finding the Right Balance Between Large and Mid Caps
When creating a portfolio, how much risk you’re willing to take and how long you plan to invest are important questions. Aman suggests a balanced approach. If you plan to invest for 3-4 years, try to put half your money in large-cap stocks (which are more stable) and half in mid-cap stocks (which can grow faster). Mid-caps represent a big piece of India’s growth potential. By including both, investors can aim for better returns.Sector Picks: Where to Invest
Aman advises looking at the banking sector, which has not performed well recently. This means it has less chance of falling much further. The IT and Pharma sectors also look promising due to market trends. Although the Nifty index might not drop suddenly, some individual stocks could see a 5-10% dip before leveling out.Role of Asset Allocation in Risk Management
Pradeep Gupta, from Anand Rathi Group, highlights the importance of spreading your money across different types of investments. Instead of investing everything in stocks, having a mix can help protect your capital while still generating returns. A well-diversified portfolio balances risks and rewards effectively.Focusing on Large Caps in Uncertain Times
Nitin Aggarwal from Client Associates suggests that investors should favor high-quality large-cap stocks. These stocks provide better protection for your money while still showing decent growth potential. It’s important to choose large companies that are fairly priced and offer steady growth over time. -
DOGE: Elon Musk’s Team Seeks Access to Your IRS Tax Information
The Department of Government Efficiency (DOGE) has been working hard to look into how the government spends money. Recently, they landed in hot water because they asked for sensitive information about millions of Americans from the Social Security Administration (SSA). This led to the resignation of SSA’s acting commissioner, Michelle King.
Now, DOGE is turning its attention to the Internal Revenue Service (IRS). They want to get detailed information about American taxpayers. If DOGE and the IRS sign a special agreement, DOGE will be able to access the IRS’s Integrated Data Retrieval System (IDRS). This system lets them see taxpayer details that are usually only for IRS workers.
A 25-year-old software engineer named Gavin Kliger, who works for DOGE, could be the one managing this access. There are worries that taxpayers might be able to sue for money if this happens. This isn’t the first time DOGE has asked for access to sensitive data; they have also approached the SSA and the U.S. Treasury before.
FAQs:
– Does the IRS have taxpayer information?
Yes, the IRS keeps sensitive information about millions of Americans.– Who leads DOGE?
Billionaire Elon Musk, who is also the CEO of Tesla, is the head of DOGE. -
India and US to Start Talks on Major Trade Deal Next Month!
NEW DELHI: India and the United States are set to start important talks next month to create a new trade deal. This comes after a meeting between Indian Prime Minister Narendra Modi and US President Donald Trump last week. The leaders of both countries want to change how they do business and aim for $500 billion in trade by 2030.
The talks will kick off once the new US Secretary of Commerce and the United States Trade Representative begin their roles. Officials say the goal is to finish a multi-sector trade agreement in about eight to nine months. They want a deal that is fair for both sides, and there’s no plan for a small or partial agreement.
Some areas they will discuss include increasing manufacturing jobs and trading more agricultural products. The US already sells over $4 billion worth of agricultural goods to India each year, and both countries could gain more if they trade even more in this area.
India has a trade deficit of $45.7 billion with the US, meaning it buys more from America than it sells. However, with India’s economy growing fast, demand for US products will increase, helping to balance this trade deficit. The US is currently the fourth-largest supplier of goods to India, following China, Russia, and the UAE, and has the potential to supply more energy.
From April 2024 to January 2025, US imports to India grew by over 6%, rising from $35.46 billion to $37.62 billion. Meanwhile, India’s exports to the US increased by 8.6%, going from $63 billion to $68.47 billion during the same period.
Officials state that the relationship between the US and India is not only about trade. Multiple government departments are working together to improve cooperation, and representatives from both countries are actively collaborating on the details outlined in their recent agreement.