Trump’s proclamation has established a new one-time fee of $100,000 (approximately Rs 88 lakh) for bringing qualified overseas workers into the United States. The Donald Trump administration’s move to hike the one-time fee for H-1B visas to a whopping $100,000 is expected to hit the Indian IT sector hard. The approximately Rs 88 lakh cost…
White House justified its $100k for H-1B visa move citing concerns over cheap “foreign labour” replacing American workers in the United States. It noted the rise in unemployment rates among computer science graduates, doubling of foreign STEM workers in the States.“Unemployment among recent computer science graduates has reached 6.1 per cent and 7.5 per cent…
PM Modi on Thursday will be laying the foundation stone for the Mahi-Banswara nuclear power project in Rajasthan. The project will mark the National Thermal Power Corporation’s (NTPC) entry into India’s atomic energy sector.The Mahi-Banswara Rajasthan Atomic Power Project (MBRAPP) will feature four indigenously developed Pressurised Heavy Water Reactors (PHWRs), each with a capacity of…
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…
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…
NEW DELHI: Over 5 lakh Indians could be hit by the Trump administration’s decision to impose a hefty $100,000 fee on H-1B visas, prompting India’s IT ministry to go into mission mode. The ministry has begun coordination with the Indian embassy in Washington DC and is working to ease the entry of Global Capability Centres…
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…
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…
NEW DELHI/BENGALURU: The panic was real. US work visa holders already in India were scrambling to get tickets back to the US to beat the sudden announcement by President Donald Trump of a Sept 21, 12 am EDT (9.30am IST) deadline for a $100,000 fee per H-1B worker, while there were many claims on social…