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US President Donald Trump's $100,000 fees hike for specific H-1B visa hires has sparked debate among various industry representatives, with many expressing their views on its effects on the US economy. Xavier Fernandes, the founder of the immigration agency Y-Axis, stated that the policy might be more detrimental to the US than beneficial. In an interview with CBS News programme on India's IT sector and H-1B visas, Fernandes said, "It's definitely America's loss. Many CEOs are from Hyderabad. ...Read More >
Hyderabad, India -- The city of Hyderabad has been called the Silicon Valley of India. "Google, Facebook, and all the other bigger companies are here," Rajesh Jaknalli, who has worked for a U.S. tech company in Hyderabad for about 10 years, told CBS News. "This place is actually called High Tech City, but because of the many companies that we have, the term 'Cyberabad' has come," Jaknalli explained. Jaknalli says he has worked here with one goal, to get an opportunity to one day move to the U ...Read More >
Hyderabad, India -- The city of Hyderabad has been called the Silicon Valley of India. "Google, Facebook, and all the other bigger companies are here," Rajesh Jaknalli, who has worked for a U.S. tech company in Hyderabad for about 10 years, told CBS News. "This place is actually called High Tech City, but because of the many companies that we have, the term 'Cyberabad' has come," Jaknalli explained. Jaknalli says he has worked here with one goal, to get an opportunity to one day move to the U ...Read More >
Oracle India layoffs: US tech giant Oracle has been facing backlash online for filing thousands of foreign workers' petitions at a time when it laid off approximately 30,000 employees. The tech company filed for more than 3,000 petitions to employ H-1B workers in 2025 and 2026, and this has been criticised by American workers. US IT firm Oracle announced a brutal layoff impacting around 30,000 workers in an early morning email on March 31, informing the staff that it was their last working day. ...Read More >
An H-1B visa holder shares how employer delays led to loss of status, forced return to India, and financial stress, raising questions on accountability and immigration process gaps. Ajay Kumar Sharma spent 16 years building a career in IT, working with names like Fidelity Investments and Bank of America. For the last three years, he lived and worked in the United States on an H-1B visa with a clean record and a stable trajectory. Then, in early 2026, a single delay, one that was not even in his ...Read More >
Jyoti Bansal, an Indian entrepreneur, is now a billionaire. He built Harness, an AI software delivery company, valued at $5.5 billion. Bansal's journey highlights the H-1B visa route. He previously founded AppDynamics, which Cisco acquired for $3.7 billion. Harness uses AI to automate software deployment. Bansal plans to take Harness public. He advocates for attracting global talent. Indian-born entrepreneur Jyoti Bansal has become a new billionaire after building Harness, an AI-based software ...Read More >
Amid the ongoing US visa chaos, a stranded H-1B holder has shared their ordeal after their December visa interview was abruptly rescheduled to March 2026. In a post shared on the workplace forum Blind, the individual said that they are stuck in India because of the mass visa rescheduling. The anonymous user shared that they received an email informing them that their December appointment had been moved months ahead. The user wrote that March was "literally three months away," leaving them unabl ...Read More >
Indian IT giants Tata Consultancy Services (TCS) and Infosys are expected to suffer the most severe financial impact from a new United States policy that imposes a $100,000 supplemental fee on certain H-1B visa petitions. The fee, introduced through a presidential proclamation in September this year, applies to new H-1B applications for skilled workers entering the US from abroad, particularly those requiring consular processing. The administration has positioned the measure as a means to curb ...Read More >
New Delhi: The Trump administration's clarification that the high H-1B visa fee does not apply to international students studying in the US on F-1 visa is expected to revive Indian students' interest in pursuing higher education in the US after a slump, experts said. The US has been historically the most favourite international destination for Indian students, but there was a clear dip in sentiments, especially among parents, after the US announced a $100,000 fee for fresh H-1B work visa applic ...Read More >
The US Consulate General in Chennai announced on Thursday, October 23, 2025, that it has reopened and restarted visa application processing. Only applicants with appointments scheduled for October 23 were allowed to attend, while those affected by the October 22 closure are being rescheduled and will receive new appointment details.The US Consulate General Chennai on Thursday announced that it will re-open and restart visa application processing services. In a post on X, the consulate said, "US ...Read More >
New Delhi, Oct 23 (PTI) IT stocks were in the limelight on Thursday, with Infosys surging nearly 4 per cent, helping drive the equity markets higher. Shares of Infosys climbed 3.86 per cent to settle at Rs 1,528.85 apiece on the BSE. During the day, the stock jumped 5 per cent to Rs 1,545.70. On the NSE, it edged higher by 3.81 per cent to Rs 1,528.50 per share. Shares of HCL Tech climbed 2.43 per cent, Tata Consultancy Services went up by 2.24 per cent, Hexaware Tech rose by 1.76 per cent, W ...Read More >
Mumbai, Oct 23 (PTI) Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday, helped by robust buying in IT and tech stocks amid growing optimism on the US-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over US sanctions against Russia's two largest oil companies. Besides, an over one per cent decline in heavyweight Reliance Industries also pulled t ...Read More >
New Delhi [India], October 23 (ANI): Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indices. "The US sanctions on Russian oil majors also raised concerns that India may have to curtail purchases of discounted Russian crude and turn to costlier alternatives, pot ...Read More >
Chennai: The US Consulate General Chennai on Thursday announced that it will re-open and restart visa application processing services. In a post on X, the consulate said, "US Consulate General Chennai will re-open and restart visa application processing services on Thursday, October 23, 2025. Please note: Only applicants with appointments scheduled for October 23 may come in on that date." It added, "Applicants whose appointments were canceled due to visa service closures on October 22 are cur ...Read More >
New Delhi [India], October 23 (ANI): India's average crude import cost has increased sharply versus the Dubai benchmark, in FY2026 so far, even as the share of Russian crude in the country's oil basket has declined, said Kotak Institutional Equities in its latest report. The brokerage noted that with alternate crudes likely to be more expensive, premiums could also remain elevated and impact GRMs for refiners. Also Read | India Women vs New Zealand Women Free Live Streaming Online of ICC Women ...Read More >
Chennai (Tamil Nadu) [India], October 23 (ANI): The US Consulate General Chennai on Thursday announced that it will re-open and restart visa application processing services. In a post on X, the consulate said, "US Consulate General Chennai will re-open and restart visa application processing services on Thursday, October 23, 2025. Please note: Only applicants with appointments scheduled for October 23 may come in on that date." Chennai/status/1981025439675302352" rel="noopener" target="_blank" ...Read More >
Oct 23 (Reuters) - Tata Technologies (TATE.NS), opens new tab will recruit more local nationals in the United States, its top boss said, as the Indian engineering services provider reacts to U.S. President Donald Trump's wide-ranging immigration crackdown. The United States plans to charge businesses a steep fee for H1-B visas, used by tech majors including Amazon.com (AMZN.O), opens new tab and Meta Platforms (META.O), opens new tab, in a move the Trump administration said would shield America ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi confirmed he held a conversation with Donald Trump on Wednesday. The US president stated they discussed trade as both countries negotiate a potential deal to mend strained relations. Bilateral ties deteriorated in August when Trump increased tariffs on Indian exports to the United States to 50%. US officials had accused India of financing Russia's war in Ukraine through purchases of discounted Moscow oil. Trump mentioned the phone call with Modi ...Read More >
Mumbai: Goldman Sachs has projected a potential repo rate cut by the end of 2025, bringing relief to borrowers across the country. The global investment bank believes that recent fiscal and policy developments point toward the end of India's current monetary tightening cycle. A cut in the key policy rate would directly lower EMIs on home, car, and other loans, providing more disposable income for consumers. GST Reforms Signal Fiscal Flexibility The report highlights the recent simplification o ...Read More >
New Delhi [India], October 19 (ANI): An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. "We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We exp ...Read More >
New Delhi [India], October 19 (ANI): An additional policy rate cut is expected before the end of the year, alongside recent GST simplifications, indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman Sachs. "We expect an additional policy rate cut before year-end, and the recent GST simplification signals that peak fiscal consolidation is behind us. We exp ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increas ...Read More >
New Delhi, Oct 16 (PTI) India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the US, Oman, and the EU, Commerce and Industry Minister Piyush Goyal said. India has implemented trade pacts with Australia, the UAE and EFTA bloc. It has also signed an agreement with the UK. "We have done free trade agreements (FTAs) with many developed countries in the last three years...We are in active dialogue with the US, ...Read More >
MUMBAI: Two academics on the RBI's monetary policy committee -- Nagesh Kumar and Ram Singh -- called for shifting the policy stance to accommodative, citing subdued inflation and the need to support growth but governor Sanjay Malhotra said such a move would amount to giving "definitive forward guidance" on the next step, which he felt was inappropriate given global uncertainty.The minutes of the Sept 29-Oct 1 MPC meeting released by RBI on Wednesday showed that most members felt that a rate cut ...Read More >
New Delhi: Prime Minister Narendra Modi may meet US President Donald Trump on the sidelines of the ASEAN Summit in Kuala Lumpur on October 26-27, if the American leader confirms his participation, according to reports. Modi is expected to travel to the Malaysian capital for the ASEAN-India Summit, which is held alongside the main ASEAN meet, and also attend the East Asia Summit where both India and the US are participants. Malaysian Prime Minister Anwar Ibrahim has already extended an invitation ...Read More >
New Delhi: Harvard University economist Kenneth Rogoff on Wednesday said the high tariffs on several countries, including India, and the steep H-1B visa fee hike imposed by the Trump administration will hold back the US economic growth. US President Donald Trump's decision to increase the application fee for H-1B visas is expected to impact Indian nationals, who accounted for almost 70 per cent of all such visas issued in the last few years. "The new visa rules were done in a very haphazard ma ...Read More >
New Delhi [India], October 1 (ANI): The medium-term outlook for the Indian rupee remains tilted to the downside unless there is relief from the persistent twin deficit, current account and fiscal deficit, according to a report released by Union Bank of India. The report noted that while reversal in flows may temporarily hide the fair value of the rupee, structurally the bias continues to be for gradual depreciation. It stated, "Near-term price action may be choppy, but the medium-term slope fo ...Read More >
The BSE Sensex and NSE Nifty have declined more than 3% each in the past seven sessions. (Image used for representational purposes) Foreign institutional investors (FIIs) have been selling aggressively this year, offloading over Rs 2 lakh crore in equities, including Rs 33,000 crore just in September. By September 26, their total sell-off in the cash market reached nearly Rs 2 lakh crore. Last week alone, FIIs sold shares worth Rs 19,550 crore and continued as net sellers on Monday with Rs 2,80 ...Read More >
India has this year given the green light to 10 semiconductor projects worth about $18 billion in total When Prime Minister Narendra Modi declared India's "late entry" into the global semiconductor race, he pinned hopes on pioneers such as Vellayan Subbiah to create a chip innovation hub. The chairman of CG Power, who oversees a newly commissioned semiconductor facility in western India, is seen as one of the early domestic champions of this strategic sector in the world's fastest-growing majo ...Read More >
By Sai Ishwarbharath B, Haripriya Suresh and Rishika Sadam BENGALURU/HYDERABAD (Reuters) -Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of ...Read More >
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