The escalating war of words between US President Donald Trump and tech billionaire Elon Musk intensified on Tuesday. Trump said he would “take a look” at the possibility of deporting Musk, who has been a US citizen since 2002. When asked by journalists whether he would consider such a move, Trump replied, “We’ll have to take a look.”

Trump, 79, also suggested that the federal government could target the substantial contracts and subsidies awarded to Musk’s companies, including SpaceX and Starlink.

US President Donald Trump on Tuesday (local time) said the US and India will soon finalise a trade deal with “much lower tariffs,” which would enable fairer competition between the two countries. The deal, he said, would help American companies compete in the South Asian market, Reuters reported.

“I think we are going to have a deal with India, and it’s going to be a different kind of deal,” Trump said. “It will allow us to compete. Right now, India doesn’t accept anybody in. But if that changes, we’ll have a deal with much less tariffs.”

Ahead of his 90th birthday, the Dalai Lama has once again publicly reaffirmed that the authority to recognise his reincarnation rests solely with the Gaden Phodrang Trust established by him, not with any external political power, including China.

In a statement released on Tuesday, May 25, the Buddhist leader said the institution of the Dalai Lama would continue, following widespread appeals from Tibetan communities and Buddhist practitioners across Asia.

The Centre on Tuesday permits cab aggregators such as Ola, Uber, and Rapido to charge up to twice the base fare as a surge price during peak hours, up from the previous cap of 1.5 times. During non-peak hours, the fare must be at least 50 per cent of the base rate.

The announcement was made by the Ministry of Road Transport and Highways (MoRTH) in the new Motor Vehicle Aggregator Guidelines (MVAG) 2025. The Centre has allowed the states three months to adopt the revised guidelines.

The Quad countries (India, US, Japan, Australia) on Wednesday jointly condemned the April 22 Pahalgam terror attack, which claimed the lives of 26 people, mostly tourists, in Jammu and Kashmir's Baisaran valley.

The statement comes after India's External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio, Japan's Minister of Foreign Affairs Takeshi Iwaya, and Australian Foreign Minister Penny Wong in Washington for the Quad Foreign Ministers' meeting in Washington.

US President Donald Trump has called out his estranged ally and billionaire Elon Musk, saying the latter may have to "head back to South Africa" if subsidies for Tesla and SpaceX are withdrawn.

Taking to his social media platform Truth Social on Tuesday (IST), Trump accused Musk of benefiting from an unprecedented volume of government support.

Thailand's Constitutional Court suspended Prime Minister Paetongtarn Shinawatra from office pending an investigation over a leaked phone call with a former Cambodian leader.

The judges voted unanimously Tuesday to take the petition accusing her of a breach of ethics, and voted 7 to 2 to suspend her from duty.

The ban on supply of fuel to old vehicles kicked off in Delhi on Tuesday amid high security.

The Delhi government has installed Automatic Number Plate reader cameras (ANPR) at nearly 350 petrol pumps across the national capital for detection of such vehicles.

RIL in focus: Domestic brokerage Nuvama Institutional Equities (Nuvama) has raised its target price on oil-to-telecom conglomerate Reliance Industries Ltd (RIL) to ₹1,801—the second highest on Dalal Street after Mirae Asset Securities (Buy, ₹1,950, 14/10/2024).

The upgrade by Nuvama reflects RIL’s foray into external sales of high-efficiency solar modules and the major growth potential of its rapidly expanding New Energy business.

Auto parts maker Hero Motors has filed for an initial public offering (IPO) of up to ₹1,200 crore ($140.1 million), draft papers showed on Tuesday.

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400 crore, the draft prospectus showed.

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