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Indian IT firm’s US-listed shares fell overnight following American President Donald Trump’s executive order slapping an additional fee on H-1B visa holders. Infosys ADRs dropped 4%, while Wipro slipped 2% on Friday.Nasdaq-listed Cognizant declined 4.7% on Friday, reflecting investor concerns over stricter immigration policies. Experts warn of an immediate impact on profit margins. “The immediate…
H-B visa fee hike: This decision could notably affect Indian IT professionals and workers in the United States. H-B visa fee hiked! The Donald Trump administration sent shockwaves across the technology sector – particularly Indian IT, by substantially hiking the fee for H-1B visas. The revised regulations mandate organisations recruiting foreign professionals on H-1B visas…
Trump sings order to increase H1-B visa application fees US President Donald Trump has signed a new proclamation on Friday (US time) introducing a $100,000 annual fee for H-1B visa applications, along with other changes to the skilled foreign worker programme, which has been under scrutiny for years.Originally designed to attract exceptional foreign talent for…
Wall Street surged toward new record highs on Thursday, led by technology stocks, after Nvidia announced a $5 billion investment in Intel and the Federal Reserve delivered its first interest rate cut in nine months. The S&P 500 rose 0.4 per cent in early trade, poised to surpass its all-time high set earlier this week,…
CEO of Nvidia Jensen Huang Nvidia CEO Jensen Huang has said that he is disappointed by China’s internet regulator’s reported instruction to the country’s largest technology companies to stop purchasing the US-based chipmaker’s artificial intelligence (AI) chips and to terminate their existing orders. “We probably contributed more to the China market than most countries have….
Bengaluru: Indian companies are resuming campus hiring with renewed confidence, signaling an uptick in 2025 after last year’s subdued activity. A study by Aon reveals that two in five organisations plan to increase their workforce by over 10%, driven mainly by a robust business outlook and sector-specific growth.Aon India’s 14th Campus Hiring Study 2025-26, covering…
OpenAI recently announced plans to restructure into a for-profit public benefit corporation, a move that will allow it to issue traditional stock to investors. With this change, according to analysts, Microsoft is set to receive a new equity stake in OpenAI that could be worth at least $150 billion. This would be a remarkable return…
GANDHINAGAR: Hindi must move beyond being a spoken or administrative tongue and take root in science, technology, judiciary and police to deepen public connection, home minister Amit Shah said Sunday at the fifth Akhil Bharatiya Rajbhasha Sammelan.“Hindi is not just a spoken language or a language of administration. Hindi should also be the language of…
Google has been sued again. Penske Media, the owner of major publications like Rolling Stone, Billboard, and Variety, has legally challenged the tech giant, accusing it of using its journalistic content without permission to create AI-generated summaries that are moving traffic away from its websites. The lawsuit, filed in a Washington, D.C. federal court, marks…
India must urgently develop its own sovereign cloud technology, homegrown operating systems (OS), cybersecurity, and AI capabilities to reduce its over-reliance on US systems, the India-based Global Trade Research Initiative (GTRI) has argued, warning that current dependence poses major economic and security risks.In a report, GTRI highlighted that Indian phones, computers, defence, and government applications…
