The US Department of Homeland Security has proposed an additional fee of USD 103,265 for all H-1B visa cap-subject applications, including those eligible for the advanced degree exemption. This new fee aims to recover interagency costs for immigration programmes and would be paid in addition to existing fees. The proposal is open for public comments for 30 days and has drawn criticism from immigration advocates.
Indian IT companies have significantly reduced their fresh H-1B visa applications for US FY27, a direct consequence of soaring fees imposed by the Trump administration and new lottery system changes that prioritise higher-salaried employees, leading to a seven-year low in registrations.
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
The Reserve Bank of India (RBI) has prematurely closed its swap facility for foreign currency non-resident (bank) deposits, FCNR(B), one month ahead of schedule, after banks mobilised $52.3 billion under the scheme by August 13, indicating sufficient foreign currency reserves.
Infrastructure major Larsen & Toubro (L&T) has secured a mega order, valued between Rs 10,000 and Rs 15,000 crore, to construct India's largest single-cluster artificial intelligence (AI) infrastructure facility. This strategic move marks L&T's entry into the AI Factory business, aiming to establish an NVIDIA B300-based AI Factory in Chennai to power the AI-native cloud platform of US-based Together AI, thereby strengthening India's AI ecosystem and supporting global innovation.
Foreign Currency Non-Resident (Bank), or FCNR (B), deposits mobilised under the Reserve Bank of India's (RBI's) concessional swap facility may have already surpassed the amount raised during the 2013 scheme in just about 45 days, prompting SBI Research to sharply raise its estimate for inflows under the facility to $65-70 billion.
Bangladesh has stated there is "no rush" for Prime Minister Tarique Rahman's visit to India, emphasising that Dhaka will not compromise its national interests. State Minister Humaiun Kobir indicated the visit would occur after sufficient bilateral progress. The visit is crucial for mending India-Bangladesh ties, which have been strained, particularly following the ouster of former PM Sheikh Hasina and Bangladesh's subsequent extradition request.
Inflows into foreign currency non-resident (bank), or FCNR (B), deposits have significantly underperformed market expectations, leading to a more than 1 per cent depreciation of the rupee against the dollar this week. Analysts point to fading RBI support measures, tepid interest due to rising global bond yields, and narrowing interest rate spreads compared to 2013 as key challenges.
Nothing has expanded its smartphone portfolio with the launch of the Nothing Phone (4b), a feature-packed mid-range handset that combines a Snapdragon processor, a large 6,000mAh battery, dual rear cameras and the brand's signature Glyph Bar design.
The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
FIFA's proposal to create a $20 billion subsidiary for the World Cup, offering up to 20% stakes to external investors, aims to democratise global football finance but has been condemned by UEFA as selling the game's "soul."
A 23-year-old B Tech gold medallist in Kanpur died by suicide, leaving a note apologising for his inability to secure a government job despite numerous attempts. His family stated he was under severe stress after failing competitive examinations for various sectors. Police are investigating the incident.
Adani Group-operated Mumbai International Airport (MIAL) is set to begin demolishing a section of its nearly 80-year-old Terminal 1 from January 15, 2027, as part of a major redevelopment plan. This initiative involves redistributing air traffic from T1 to Terminal 2 and the Navi Mumbai International Airport, with significant shifts planned for international and domestic flights starting October 1 and October 25, respectively.
Exiled Bangladeshi author Taslima Nasreen has drawn a parallel between the CJP-led protest in Delhi and the 2024 student movement in Bangladesh that ousted Sheikh Hasina's regime, warning that the Bangladesh stir 'fooled us' and was ultimately taken over by 'jihadis'.
Paraguayan Senator Celeste Amarilla escalated her feud with French footballer Kylian Mbappe, calling him a "son of a b****" during a Senate speech. This follows an incident where Mbappe allegedly refused to shake goalkeeper Orlando Gill's hand after a FIFA World Cup match. Amarilla also claimed Mbappe called her "despicable," while France coach Didier Deschamps stated the controversy hasn't affected Mbappe's focus.
Despite large inflows of foreign funds mobilised through the Reserve Bank of India's (RBI's) concessional swap schemes, the rupee has seen little impact because the dollars have largely been absorbed into the central bank's reserves instead of being released into the spot market, according to market participants.
The announcement comes after a massive fire ripped through the Flourish Stay B&B on Wednesday morning, leaving 21 people dead, including 11 foreign nationals, and several injured.
The US Department of Labour's Office of the Inspector General has initiated an investigation into alleged fraud in H-1B and PERM work visa programmes. Indian IT firm Cognizant is among the companies under scrutiny for widespread schemes involving fraudulent applications, exploitation of foreign workers, and undercutting American labour. The probe aims to dismantle networks exploiting the guest worker visa system.
Hockey Jharkhand, Hockey Haryana, and Hockey Karnataka extended their winning streaks in the Women Junior National Championship. Karnataka delivered a dominant 9-0 victory over Goans Hockey, with Pearlin Ponnamma AG scoring four goals. Other teams like Hockey Bihar, Delhi Hockey, Hockey Mizoram, Uttar Pradesh Hockey, and Hockey Madhya Pradesh also secured significant wins across various divisions and pools.
On the fourth day of the 16th Hockey India Junior Women National Championship 2026, Karnataka, Bihar, and Mizoram secured significant victories. Karnataka defeated Uttarakhand 6-1, Bihar beat Goa 6-0, and Mizoram overcame Kerala 2-0. Other matches saw Assam, Gujarat, Dadra & Nagar Haveli and Daman & Diu also win, with Rajasthan and Jammu & Kashmir receiving forfeit victories.
The Junior Women's National Hockey Championship saw Haryana, Jharkhand, and Chhattisgarh secure victories in Division A pool matches, while Uttar Pradesh and Manipur drew. Division B also commenced with Delhi and Uttarakhand winning their respective games.
Prices had started to ease following the government's decision to allow duty-free imports of 1 mt of raw sugar and would weaken further over the next 7 to 10 days.
Actress Aasha Singh Jaiswal, known for her roles in films and television, has passed away in Mumbai.
Leader of the Opposition in the Karnataka assembly R Ashoka on Sunday announced that the Bharatiya Janata Party and its ally Janata Dal-Secular would lay siege to Vidhana Soudha in Bengaluru on August 24 seeking the removal of planning and statistics minister B Nagendra from the cabinet.
India's Senior B and Men's A bridge teams have successfully advanced to the semifinals of the fifth Asia Cup Bridge Championship, held in Panaji. The Senior B team topped the Swiss league, while the Men's A team secured a third-place finish, setting the stage for Friday's knockout rounds.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Mizoram and Tamil Nadu registered impressive victories in their respective Division B pool matches at the 16th Hockey India Junior Women National Championship. Mizoram defeated Delhi 3-1, while Tamil Nadu secured a dominant 4-0 win over Goa, showcasing strong performances from both teams.
India's foreign exchange reserves increased by $9.9 billion to $716.9 billion for the week ended August 14, as reported by the Reserve Bank of India (RBI). This surge follows a previous jump of $14.14 billion in the week prior, indicating a robust recovery after a period of decline earlier this year.
Two children, aged 11 and 7, left their home in Hastinapur, Meerut, after watching a 'Secret House' game video on YouTube.
The 16th Hockey India Junior Women National Championship 2026 is set to begin in Pune, featuring 30 teams across three divisions. The tournament, running until August 23, will determine national champions and facilitate promotion and relegation between divisions, offering a crucial platform for young talent.
One in 10 employees at California-headquartered technology unicorns now work from India, surpassing other major US tech hubs and several countries, driven by US visa restrictions and substantial cost savings.
Gandhi's 1931 passport for his travel to London was issued in Bombay. It was the last time the Mahatma travelled abroad.
An FIR has been registered against Aishwarya, daughter of Karnataka BJP MLA B Suresh Gowda, for allegedly abusing and assaulting a woman police sub-inspector at a temple in Mandya. The incident occurred when Aishwarya reportedly sought to bypass a queue, leading to an altercation. While Aishwarya has also filed a counter-complaint, her father has apologised for her conduct and called for an inquiry into the matter, advocating for an end to VIP protocols at temples.
Ruben Vargas and Johan Manzambi scored second-half goals as Switzerland beat Canada 2-1 on Wednesday to qualify for the knock-out stage of the World Cup as Group B winners, with the tournament co-hosts also progressing as runners-up.
Former Indian cricketer Jacob Martin has been acquitted of all charges by the Patiala House Court in a 22-year-old criminal case involving allegations of forgery and passport act violations, bringing him significant relief after years of stress.
Harmanpreet Kaur says a winning culture is taking shape in the Indian women's cricket team as they prepare for the Asia Cup and Asian Games.
The Mumbai civic body has initiated demolition of unauthorised constructions in a posh Prabhadevi high-rise, Rustomjee Crown, following complaints from an RTI activist. The action targets illegal alterations, amalgamation of flats, and conversion of common spaces into habitable areas, with the drive expected to continue over several days.
At the 16th Hockey Junior Women National Championship in Pune, Chandigarh, Odisha, and Madhya Pradesh secured decisive wins, while Manipur narrowly defeated Maharashtra in a thrilling Division A encounter. Key players delivered strong performances, including hat-tricks, contributing to high-scoring matches and close finishes.
Netaji Subhas Chandra Bose's daughter, Anita B Pfaff, has approached the Supreme Court seeking directions for the return of her father's "ashes" from Tokyo's Renkoji temple. The apex court has issued a notice to the Centre, seeking its response on the plea. This follows a previous plea by Netaji's grand-nephew which was withdrawn after the court indicated that Bose's heir should be the one to petition.
