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Foreign investors pulled Rs 23,885 crore out of Indian equities in September, pushing total outflows for the year so far to Rs 1.58 lakh crore, according to depository data.This marks the third straight month of net selling, following heavy withdrawals of Rs 34,990 crore in August and Rs 17,700 crore in July.Himanshu Srivastava, principal and…
H-1B restrictions are backfiring: Here’s how India became the new innovation hub A coalition of labor unions, health care providers, schools, and religious organizations has filed a lawsuit against President Donald Trump’s executive order increasing H-1B visa fee. The lawsuit claims the increase in visa fee to the anti-immigration power grab: A sweeping executive action…
The Union Cabinet on Wednesday approved a 6.59 per cent increase in the minimum support price (MSP) for wheat, raising it by Rs 160 per quintal to Rs 2,585 for the 2026-27 marketing year. The decision was taken in a meeting chaired by Prime Minister Narendra Modi.Last year, wheat MSP was fixed at Rs 2,425…
The government implements biannual revisions of DA and DR. DA, DR hike cheer! The Cabinet is likely to approve a 3% hike in Dearness Allowance (DA) and Dearness Relief (DR) for working and retired central government employees on Wednesday, sources told TOI. As the festival of Diwali nears, employees and pensioners of the Central Government…
Oil marketing companies on Wednesday revised the prices of commercial LPG cylinders, increasing the cost of a 19 kg cylinder by Rs 15.50. In Delhi, the new retail price for a 19 kg commercial LPG cylinder will be Rs 1,595.50. The prices of 14.2 kg domestic LPG cylinders remain unchanged, as reported by ANI. The…
US President Donald Trump, with a business approach, raised H-1B application fees to an eye-watering $100,000 to protect Americans’ jobs — but did it backfire? According to a report from Reuters, industry insiders warn that Trump’s move may boomerang as many US companies are pushing to shift high-value work to India, where global capability centres…
Last week, the Department of Homeland Security said it plans to replace the existing random H-1B registration lottery with a weighted selection system. (AI image) After the $100,000 H-1B fee hike blow, will the new proposed system for selecting visa applicants under the Donald Trump administration bode a death knell for the Indian IT sector?…
Nvidia CEO Jensen Huang has welcomed President Donald Trump’s overhaul of the H-1B visa program but warned that the new $100,000 application fee may be prohibitively expensive, potentially driving tech investment and talent away from the United States.Speaking on the “BG2 Pod” podcast published Friday, Huang described the policy changes as “a great start” that…
The combined market valuation of India’s top-10 most valued companies shrank by Rs 2,99,661.36 crore last week, mirroring a bearish trend in equities, with IT bellwether Tata Consultancy Services (TCS) bearing the brunt.The BSE benchmark tanked 2,199.77 points or 2.66 per cent during the week, as investor sentiment was rattled by a series of domestic…
The H-1B skilled-worker visa programme, which is mainly utilised by the technology sector, has traditionally served as a crucial entry route for foreign professionals. (AI image) US President Donald Trump’s move to sharply hike the fee for H-1B visas to $100,000 has Indian tech sector workers and students in America worried about their future in…
