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Mumbai: The country’s largest lender State Bank of India, on Friday, reported a standalone net profit of ₹19.683.75 crore in the March quarter of FY26 (Q4FY26), up 5.6% year-on-year. Its net interest income (NII) in Q4FY26 increased 4% on year to ₹44,380 crore
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Communist Party of India leader D Raja on Friday urged Tamil Nadu Governor Rajendra Arlekar to invite actor-politician Vijay’s Tamilaga Vettri Kazhagam to form the government as the single-largest party in the Assembly and allow it to prove its majority on the floor of the House, PTI reported
Making America Great Again? Critics Shred Trump's Foreign Policy With Modi-Putin-Xi Power Frame
Making America Great Again? Critics Shred Trump's Foreign Policy With Modi-Putin-Xi Power Frame
They say a photograph speaks a thousand words, and if the recent snaps of Prime Minister Narendra Modi, laughing and chatting with Russian President Vladimir Putin and his Chinese counterpart Xi Jinping, are anything to go by, the message to the West was loud and clear—the power axis is subtly shifting away from Donald Trump's America.
The recently concluded Shanghai Cooperation Organisation (SCO) Summit served as the perfect stage for India to tell Washington that its unfair tariffs, including a penalty of 25 per cent for buying Russian oil, would not impact the country's economic decisions. Flanked by Putin and Xi, PM Modi's body language may have raised eyebrows in the White House but the carefully staged subtext was unmissable— New Delhi, Moscow, and Beijing may differ in ideology, but they're willing to appear united under the banner of multipolarity.
India's participation at the SCO, even as Trump continues to slam the country's “unfair advantage" in trade, was its own form of message: The country will not be arm-twisted into choosing between East and West.
This was bad news for Trump. The US President had earlier seemed sure that he could get his way by threatening India with tariffs, forcing the country—which has been an ally in the past—to alter its decision to buy Russian oil. However, the confidence seems to be crumbling now as India chose to assert its identity through optics instead of firing salvos on social media—Trump's favourite pastime.
While the US President's core team of Peter Navarro, Scott Bessent and JD Vance may have stood firmly behind him, his critics have torn into him for jeopardising a carefully cultivated relationship over the years with India.
The latest criticism came from David Ignatius, columnist for the Washington Post and former Harvard Kennedy School fellow, who said the SCO summit in Tianjin was a “significant setback for the United States".
.@IgnatiusPost — One of the most respected voices in US foreign policy: “I thought that the summit at Tianjin was a significant setback for the United States… India's repositioning toward Russia and China reverses diplomacy that's been conducted since the administration of… pic.twitter.com/Ym5CE0n2uv— Rohit Sharma 🇺🇸🇮🇳 (@DcWalaDesi) September 2, 2025
In an interview with MSNBC, Ignatius said: “The image of Vladimir Putin holding hands with PM Modi was a sign that Putin is getting away with it. Three years into the war, he is now claiming it was the West's fault and he has an audience of prominent world leaders, including a key person in America's efforts to create a new, informal partnership to contain China. India's repositioning toward Russia and China reverses diplomacy that's been conducted since the administration of George W Bush, at least."
Ignatius is not alone. Former national security adviser John Bolton, one of Trump's fiercest critics, too said PM Modi's visit to China is “bad news" for the West.
“There's a lot of bad news here and very little good news… The West has spent decades, in particular, in trying to wean India away from its Cold War attachment to Soviet Union/Russia, buying sophisticated weapons from them…and cautioning India on the danger posed by China, which is symbolised by what's called the Asian security quad with Japan, India, Australia and the United States… A lot of effort…a lot of effort to make India more amenable to cooperation with these countries," Bolton said during a television interview.
He also said there are a series of things that Trump has done that have offended the Indians and the tariffs he wants are a “disaster" for everybody.
“Trump whacked India with another 25%, (but) did not tariff Russia, did not tariff China, the largest purchaser of Russian oil and gas. And then, to make it worse, when the recent escalation between Pakistan and India over a terrorist attack in Kashmir occurred… Trump took full credit for it as one of the six or seven wars that he stopped this year to deserve the Nobel Peace Prize, which has made India incandescent," said Bolton.
On Wednesday, Congressman Ro Khanna too waded into the controversy, saying Trump's “ego" cannot be allowed to destroy a “strategic relationship" with the world's largest democracy.
Slamming the levies imposed by US on Indian goods, he added: “It is hurting India's exports of leather and textiles into the United States, and it's hurting American manufacturers and our exports into India. It is also driving India towards China and towards Russia."
Khanna also took a swipe at Trump, saying PM Modi's refusal to nominate the US President for a Nobel Peace Prize had led to strained relations.
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Former US National Security Advisor Jake Sullivan agreed with the contention as he accused Trump of “throwing the relationship with India over the side" because of Pakistan's willingness to engage in business deals with his family.
“On a bipartisan basis, going back decades, the United States has worked to build its relationship with India, the world's largest democracy, a country that we should be aligned with on technology and talent and economics, so many other issues, and aligned with in dealing with the strategic threat from China," Sullivan said.
Source: News18
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