In immediately’s episode of Two Sharp with ET, Nisha Poddar decodes the as soon as bromance, now bitter dynamic between US President Donald Trump and billionaire Elon Musk, sending shivers of market volatility as authorities subsidies and initiatives lie on a skinny thread of how the leaders deal with the scenario. Musk final week obtained a heat farewell from the White Home, however went all-out in opposition to the ‘Massive Stunning’ tax-spending invoice of the Republicans. Trump stated pulling EV subsidies make Musk ‘go loopy,’ and warned of cancelling reduction. However Musk took it up a notch, threatening to decommission SpaceX’s Dragon. Who will chew first on this battle of the feudal lords?The Reserve Financial institution of India reduce the repo charge to five.5% in a daring transfer to spice up financial development. Whereas the 50 bps reduce brings reduction to debtors with decrease EMIs, it spells bother for savers as banks slash fastened deposit and financial savings account rates of interest. In response to SBI Analysis, FD charges have dropped by 30–70 bps since February 2025, and financial savings charges have hit a flooring of two.70%. What does this imply in your cash? Watch now for a fast breakdown.
Present extra
