TECH THAT: A JPMorgan Chase office in Mumbai NEW DELHI/BENGALURU: Even though President Trump’s $10,000 H-1B bomb — if it survives legal challenges — is bound to drive up operational costs for tech firms, Fortune 500 companies and global multinationals are accelerating their bets on India. If companies cannot get Indians to work in the…
TOI correspondent from Washington: The Trump White House has walked back a more stringent interpretation of the enhanced $ 100,000 H1B visa fee, clarifying it does not impact current visa holders and applies only to visa applicants in the next lottery cycle which starts around March 2026. Directly contradicting US Commerce Secretary Howard Lutnick’s statement…
DUBAI: Commerce and industry minister Piyush Goyal is headed to the US Monday to take forward talks for a bilateral trade deal, signaling the proposed agreement is moving ahead after a hiatus of several weeks.“The delegation plans to take forward the discussions with a view to achieve early conclusion of a mutually beneficial trade agreement,”…
New Delhi: The decision to hike H-1B visa fees will choke US innovation and boost India’s, former G20 Sherpa Amitabh Kant said Saturday. “By slamming the door on global talent, America pushes the next wave of labs, patents, innovation and startups to Bengaluru, Hyderabad, Pune, Gurgaon,” he wrote on X.“India’s finest doctors, engineers, scientists and…
Trump signed the order raising H1-B visa application fees to $100,000 The recently announced $100,000 H-1B visa fee will apply only to new visa applications and is not an annual charge, the White House press secretary clarified on Saturday. The announcement comes after widespread confusion and concern over the implications of a presidential proclamation issued…
A proposed US-China agreement on TikTok would give Americans a majority on a board overseeing the app’s US operations, the White House said Saturday. “Americans will control six of the seven seats for a planned board,” White House press secretary Karoline Leavitt told Fox News, according to the Associated Press.Leavitt added, “We are 100 per…
Companies across consumer electronics, e-commerce, automobiles, retail, logistics, and FMCG are rushing to hire temporary staff as India’s festive season kicks off, following reduced GST rates from September 22. Industry experts say many shoppers had postponed purchases earlier this season, which dented sales, but with firms passing on GST cuts through price reductions, buyers are…
The government is in discussions with the US administration and the IT industry over the sharp hike in H-1B visa fees, set to take effect on 21 September.American companies will end up getting even a harder hit after the announcement, being primary users of these visas to bring in high skilled workers, sources told PTI…
Indian airports have so far remained safe from the cyber attack that has swept across many airports in Europe, a senior government official told PTI on Saturday.London Heathrow, Berlin and several other European airports are facing operational disruptions after a cyber-attack on Collins Aerospace systems, used at the airports.Following the incident in Europe, Indian authorities…
Amul’s parent company, Gujarat Cooperative Milk Marketing Federation (GCMMF), on Saturday announced reducing the retail prices of more than 700 product packs, passing the benefits of recent GST reforms to consumers. The price reduction covers a wide range of products, including ghee, butter, ice cream, bakery items, and frozen snacks, with the new prices taking…