Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
Rentals of retail space in these seven cities showed a mixed trend, according to CBRE's 'India Retail Market View' report for H1 2014 on the status of organized retail real estate spaces in the country's leading cities.
Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025. "As we strive to preserve financial stability to support a higher growth path for the Indian economy, our focus remains steadfast on maintaining stability of financial institutions and, more broadly, systemic stability," Malhotra said in foreword to the Financial Stability Report.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
A Bill to double the number of H-1B visas to 115,000, with the option of raising the limit 20% annually is now pending before US Congress.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
More companies can now get the visa rather than very few taking a lion's share.
'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.
The US Mission in India issued almost two-thirds of all H1-B visas that were given worldwide in 2005, according to data from public affairs office, US Consulate General in Kolkata.
The Congress on its Twitter handle also criticised Modi's US visit.
Indians have topped the number of illegal immigrants from Asian countries caught at land, sea, and air checkpoints of the US since 2022.
The Senate immigration plan would dramatically increase the number of high-skilled foreign workers allowed into the country and give permanent legal status to an unlimited number of students who earn graduate degrees from US universities in science, technology, engineering or math, Washington Post reported quoting people familiar with the negotiations.
The bill moved after months of closed-door meetings by a group of eight bipartisan lawmakers, known as the Gang of Eight, aimed at striking a balance between enforcement provisions sought by Republicans as well as Democrats, including making citizenship widely accessible to those illegally in America.
'This market for diesel starts at around Rs 6.3 lakh and goes up to Rs 7 lakh, and with Saathi we have our usual price set at Rs 6.5 lakh, so we are slightly on the lower side with a superior product.'
India has no work visa similar to the H-1B, nor a reciprocal arrangement with the US. India does not provide employment authorisation to spouses of those who hold an Indian employment visa.
In a proposal that will hit Indian IT companies the most, US software giant Microsoft Corporation has suggested a whopping fee of $10,000 (over Rs 5 lakh) for a new category of H-1B visas and $15,000 (more than Rs 7.5 lakh) for permanent residency or Green Card.
Jaishankar said India will try to find common ground on trade issues during discussions with Pompeo.
Once the most sought after H-1B American work visa is still having nearly 20,000 slots open seven weeks after the US Citizenship and Immigration Services (USCIS) started receiving applications for the financial year 2010 beginning October this year.
The issue was raised by the visiting CII's CEO Mission led by Bharati enterprise chairman Sunil Bharati Mittal, who among others met Lawrence Summers, Director of the National Economic Council, at the White House on Wednesday. During the meeting, the delegation comprising top Indian CEOs brought to the notice the concerns about the recent developments in the US with regard to H-1B work visa programme and certain provisions in the stimulus bill.
Officials at a Congressional hearing cited last year's figure of 26 per cent denial to H1B visa applicants, that was the highest in recent years, and also pointed out instances where the visas were denied for flimsy reasons.
Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.
The Bill would impact only Indian companies.
A legislation has been introduced in the US Senate on reforming the H-1B and L1 visa programmes, popular among Indians, under which the American firms looking for skilled foreign professionals are required to make a "good faith" attempt to recruit local workers first.
Asking the Obama Administration and Congress to increase the cap of H-1B work visas, popular among Indian professionals, from the present 65,000 to 195,000 per annum, two eminent scholars from a US think tank have said such a move would help stimulate economic growth and generate tax revenue.
In the first-ever indication of its stand on H-1B visas popular among Indian professionals, the Obama Administration has informed a court that the US needs this scheme to avoid "competitive disadvantage" the American companies could face otherwise.
CEO and founder of popular site LinkedIn Reid Hoffman on Thursday urged the US Congress and the Obama Administration to remove the cap on H-1B visas, which enable foreign nationals to live and work in the United States.
Commercial banks in India reported a sixth consecutive year of rise in their net profits in 2023-24 while bad loans continued to fall, according to the Reserve Bank of India's (RBI's) annual publication "Trends and Progress of Banking in India", released on Thursday. "Banks' profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets (RoA) at 1.4 per cent and return on equity (RoE) at 14.6 per cent," the report said.
Bullish on increased outsourcing by the US IT firms from India, the domestic software firms view as "positive" or of "little impact" last week's decision by the US to reduce H-1B visa issued to workers in technology industry to 65,000 from 195,000.
Industry leaders say President-elect Obama will be good for enhanced US-India commercial ties.
Indian employers account for just 11.9 per cent of the total H-1B visas issued in 2008 and their share has been declining over the years, a US think-tank has said days after new curbs were announced on such visas.
Many foreigners, including Indians, have benefitted from the immigration visa.
From June 16, the US Citizenship and Immigration Services will begin accepting Premium Processing Service requests for Forms I-140 (Immigrant Petition for Alien Worker) filed on behalf of the alien workers whose six-month stay allowed under H1-B visa will expire within 60 days.
The US Citizenship and Immigration Services has received only half the 65,000 H1-B applications it requires to fill up the general quota category in the first five day after it began receiving applications April 1.
A federal lawsuit in Iowa alleges that two men orchestrated a scheme to underpay workers who came into the country on H-1B visas
Canada and Mexico emerge as preferred destinations to service clients in the US; east Europe and Nordic nations are favoured alternatives
GAIL India's second quarter (Q2FY25) performance met expectations.
