The rupee gained 42 paise to close at 91.51 (provisional) against the U.S. dollar on Monday (February 2, 2026), a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Also Read | Rupee hits all-time low of 92 against U.S
The Union Budget 2026 has proposed a significant change that directly affects investors who borrow funds to invest in dividend-paying stocks or mutual funds. The proposal removes the existing tax benefit that allowed investors to claim a deduction on interest paid for such borrowings
West Bengal emerged as a major beneficiary of railway-led infrastructure expansion this weekend, with a series of announcements signalling a significant boost for connectivity in the state, particularly in North Bengal. A day after the Ministry of Railways cleared three new railway line projects
Hours before she was scheduled to lead a Trinamool Congress (TMC) delegation to meet Chief Election Commissioner Gyanesh Kumar in Delhi over the Special Intensive Revision (SIR) of electoral rolls, West Bengal Chief Minister Mamata Banerjee on Monday alleged that Bengalis in the Capital were being
The NFL's 2025 season has provided the most wide-open race for the Super Bowl in years. Now just the New England Patriots and the Seattle Seahawks remain and they will meet on Sunday to decide the NFL champions. It is a title New England have held six times but this is their first Super Bowl since
'Good For Venezuela, Great For US': Trump Meets Oil Executives At White House
'Good For Venezuela, Great For US': Trump Meets Oil Executives At White House
US President Donald Trump on Friday (local time) held a meeting with oil industry leaders at the White House, pressing them to commit to large-scale investment to tap into Venezuela's vast petroleum reserves following recent US military action in the Latin American nation.
Calling the meeting “great," the US President said they “sort of formed a deal" which would bring an investment of billions of dollars, a move he claimed would benefit both the US and Venezuela through increased energy production and lower oil prices.
“We just had a great meeting with the oil executives. We sort of formed a deal. They're going to be going in with hundreds of billions of dollars and drilling oil — and it's good for Venezuela and it's great for the United States," Trump told reporters.
.@POTUS: “We just had a great meeting with the oil executives. We sort of formed a deal. They're going to be going in with hundreds of billions of dollars and drilling oil — and it's good for Venezuela and it's great for the United States. A lot of money is going to be made." pic.twitter.com/L5z1ShQ0hy— Rapid Response 47 (@RapidResponse47) January 9, 2026
“A lot of money is going to be made. Oil prices will come down although they are getting down pretty good now without it. And it was a great meeting we had today with the biggest companies anywhere in the world," he added.
US Pushes Oil Firms To Revive Venezuela's Slumping Output
At the White House roundtable, the Republican president urged oil executives to commit up to $100 billion in private investment to rebuild Venezuela's oil infrastructure. He also pledged “total safety" for companies willing to operate there, saying they would deal directly with the United States rather than Venezuelan authorities.
Executives from Chevron, ExxonMobil, ConocoPhillips and more than a dozen other oil and gas companies attended the meeting held days after US forces captured Venezuelan leader Nicolas Maduro in a dramatic night-time raid in Caracas.
Venezuela's oil production has slumped below one million barrels per day. A key challenge for Trump in reversing that decline will be persuading oil companies that his administration has a stable working relationship with Venezuela's interim president, Delcy Rodríguez, and that adequate protections are in place for firms entering the market. Although Rodríguez has publicly condemned Trump and the removal of Maduro, the US President has said she has so far cooperated with his administration behind the scenes.
‘Venezuela Operation Will Make US Richer': Vance
Meanwhile, Vice President JD Vance, who joined Trump at a press conference earlier in the day, framed the strategy as part of a broader push to enhance US economic and security interests, even connecting increased energy production with domestic concerns such as reducing drug overdose deaths.
.@VP: The operation in Venezuela is “going to make our country richer, it's going to make our country more powerful, it's going to make our country safer, and it's going to lead to the further decline of drug overdose deaths in the United States of America — an amazing thing." https://t.co/ljAEb2mOO0 pic.twitter.com/2oY4qRpu6w— Rapid Response 47 (@RapidResponse47) January 9, 2026
Swipe Left For Next Video
“The operation in Venezuela is going to make our country richer, it's going to make our country more powerful, it's going to make our country safer, and it's going to lead to the further decline of drug overdose deaths in the United States of America — an amazing thing," Vance said.
Since the US military raid that captured Maduro last Saturday, Trump has swiftly shifted to framing the operation as an economic opportunity for the US. According to news agency AP, his administration has seized tankers carrying Venezuelan crude and said the US is assuming control over the sale of 30 million to 50 million barrels of previously sanctioned oil, with plans to control sales worldwide indefinitely.
Source: News18
Related Posts: Federal courts undercut Trump's mass deportation campaign "Oil purchases from Russia dropped sharply because of US threat What's next for Trump's Gaza plan after Rafah reopening Gold and silver prices plunge after Friday's losses Governor sent Hate Speech Bill to President to see it goes into cold storage Iran–US nuclear talks may begin soon amid Trump’s military threats Gold and silver prices fall after Friday's losses Iran president orders talks with US as President Trump hopeful of deal Muizzu pitches Trump Chagos deal Donald Trump Shares India Gate's Picture With A Message
Nabha Natesh's mesmerizing first look as Parvathi intensifies the divine mystery of Nagabandham. New Delhi: One of the most anticipated pan-India films of 2026, Nagabandham, has been steadily building excitement with a series of striking posters and character reveals
1 days ago
A Bangladesh court on Monday (February 2, 2026) sentenced deposed Prime Minister Sheikh Hasina to 10 years in jail in two separate corruption cases related to alleged irregularities in allocations of land in a government housing project. Dhaka Special Judge's Court-4 Judge Rabiul Alam handed down
1 days ago
Tom Banton hit 54 not out off 33 balls and England won the second T20 against Sri Lanka by six wickets with two balls remaining under the DLS method to clinch the series. England has a 2-0 lead in the three-match series ahead of cricket's T20 World Cup, which starts on Saturday (February 7, 2026)
1 days ago
West Bengal CM Mamata Banerjee met families affected by the Special Intensive Revision (SIR) at Delhi's Banga Bhavan on Monday, accusing Delhi Police of failing citizens. West Bengal Chief Minister Mamata Banerjee met families affected by the Special Intensive Revision (SIR) at Banga Bhavan in
1 days ago
The global ratings anticipates that these growth rates continue to place India above sovereign peers at similar income levels and should continue to support fiscal revenue increase. New Delhi: Robust consumer spending and public investments will maintain India's real GDP growth at 6
1 days ago
A political row broke out after Opposition leader Rahul Gandhi in Parliament quoted an excerpt from the unpublished memoir of former Army chief MM Naravane. The excerpt was about the political decision-making during the 2020 border tensions between India and China
1 days ago
Goa has long been a favourite beach destination for Indian travellers, celebrated for its vibrant parties, delicious food and stunning sea views. However, recent concerns about rising prices, poor cleanliness, traffic jams, and a lack of basic civic sense have dampened the experience for many
1 days ago
Brett Ratner, the director of the newly-released documentary on US First Lady Melania Trump, has appeared in the files concerning the probe into late sex offender Jeffrey Epstein's sex trafficking network. The US Department of Justice, on Friday, released the latest cache of the Epstein Files
1 days ago
Actor-politician Vijay stated his party, Tamilaga Vettri Kazhagam, has grown significantly due to public support. He asserted that TVK alone possesses the strength to defeat the DMK in the upcoming Assembly elections. Vijay believes the electoral battle will be a direct contest between TVK and the
1 days ago
Vijay Sales has introduced limited-period Valentine's Day deals on Apple's latest smartphones, offering price cuts on the iPhone Air and iPhone 17 Pro, along with further savings through select bank card transactions. Customers using ICICI Bank credit or debit cards on EMI purchases can access
1 days ago
A Bangladeshi court on Monday sentenced deposed Prime Minister Sheikh Hasina to 10 years imprisonment in two corruption cases relating to alleged irregularities in the allocations of land in a government housing project in Dhaka, The Daily Star reported
1 days ago
Former Indian cricketer Subramaniam Badrinath has taken a swipe at Pakistan following the government's decision to have its men's team boycott the group-stage clash against India in the ICC Men's T20 World Cup. Former Indian cricketer Subramaniam Badrinath has taken a swipe at Pakistan following
1 days ago
Civil society groups and rural employment activists have criticised the Union Budget's allocations for rural job schemes, alleging that the government has offered little clarity on the transition from the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the new Viksit
1 days ago
The partial US government shutdown entered its third day on Monday without resolution as Democrats continued to demand immigration reforms as part of any funding deal to reopen the government. Senate Democrats and Republicans agreed to a package of five spending bills on Thursday
1 days ago
The Supreme Court on Monday granted bail to three persons accused of tampering with blood samples in connection with an investigation into a car crash in Pune in May 2024 that killed two, Bar and Bench reported. A bench of Justices BV Nagarathna and Ujjal Bhuyan granted bail to Aditya Avinash Sood
1 days ago
On World Cancer Day, India must confront a hard truth. Head and neck cancers represent one of the largest and most neglected cancer burdens in the country, and tobacco is the single biggest driver behind it. This is not a disease of rare genetic bad luck. It is a man-made
1 days ago
In the footage, a group of uniformed firefighters is seen using buckets from a nearby water source to pour over the flames. The video raises broader concerns about the country's emergency response systems. Several netizens pointed out that in the footage
1 days ago
Actor posted a video of the matter, in which he can be seen confronting the waiter and demanding an explanation while waiter and manager are seen seeking apologies. A waiter at a popular pub on Park Street in Kolkata was taken into custody on Saturday after Bengali actor and social media influencer
1 days ago
The BJP Parliamentary Board has appointed Tarun Chugh as the central observer for the election of the legislature party leader in Manipur. This move signals the potential formation of a new government in the northeastern state. NDA MLAs from Manipur have arrived in the national capital for
1 days ago
Iran said negotiations with the United States over a new nuclear deal could begin in the coming days, as diplomatic efforts intensify to avert a potential military conflict between the two sides. President Masoud Pezeshkian has ordered the start of negotiations with Washington “within the
1 days ago
As protesters filled the streets of Milan this weekend over the presence of ICE agents in Italy, a very different reality awaits athletes heading into the 2026 Milano-Cortina Winter Olympics, which begin next week. While politics are bubbling loudly outside the venues
1 days ago
Reaching for an antacid has become almost as routine as drinking a cup of tea. For many people, acidity is seen as a harmless daily discomfort, something to suppress and move on from. But this common habit hides a dangerous misunderstanding. Acidity is not a disease; it is a symptom
1 days ago
The year 2026 could bring a significant turning point for salaried employees. A major decision related to the Employees' Provident Fund Organisation (EPFO) is expected soon. The central government is seriously considering increasing the EPF wage ceiling. If this proposal is approved
1 days ago
A 20-year-old female student was found dead in her hostel room at the BITS Pilani campus in South Goa, police said on Monday. The student, identified as Vishnavi Jitesh (20), was a third-year engineering student. Police said she was found hanging from a ceiling fan with a bedsheet tied around her
1 days ago
A key issue in achieving the target set by the National Education Policy (NEP) 2020 to increase expected years of schooling in India to 15 years (it is currently 13 years) was the “uneven distribution of schools”, the Union government said on Thursday (January 29
1 days ago
Three PGA Tour victories and two near misses in the majors have left Justin Rose feeling vindicated by his decision to reject offers from the Saudi Arabia-backed LIV Golf series. The Englishman claimed his 13th PGA Tour title on Sunday after a dominant week at Torrey Pines in California
1 days ago
West Bengal Chief Minister Mamata Banerjee has launched an attack on Election Commission after meeting Chief Election Commissioner Gyanesh Kumar in Delhi over the Special Intensive Revision (SIR) issue. Speaking with the press after meeting the EC officials
1 days ago
