American industry groups sought punitive tariffs on Indian goods at USTR hearings, while Indian officials defended the country's manufacturing growth as demand-led and WTO-compliant.
US lawmakers have expressed concerns that policies enacted by the Trump administration, such as the H1B visa fee and tariffs on India, are detrimental to American businesses and threaten the relationship between the United States and India.
In an event-heavy week ahead, stock markets are expected to track Q3 corporate earnings from several blue-chip firms, including TCS and Infosys, while inflation data and global trends would also dictate investors' sentiment, analysts said.
Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams in the previous session.
Zohran Mamdani, the newly elected Mayor of New York City, quoted Jawaharlal Nehru after his victory, declaring the end of a political dynasty.
New investors should not allow themselves to fall prey to FOMO and rush headlong into gold.
In a narrow 218-214 vote, the United States House of Representatives on Thursday passed President Donald Trump's massive $4.5 trillion tax and spending bill -- his signature second-term policy package -- just ahead of the July 4 deadline.
Investors in India's information technology (IT) companies are likely in for more pain ahead as muted earnings for the first quarter of 2025-26 (Q1FY26) play spoilsport at the bourses in the worst-performing sector this year amid macro uncertainties. Investors, analysts suggest, can look for better opportunities in the markets as things stand.
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
The Biden administration has indicated that it is still undecided on ending the Trump-era ban on issuing new H-1B visas, with the Homeland Security Secretary Alejandro Mayorkas asserting that the US government's top priority is the acute needs of individuals fleeing persecution. The H-1B visa, the most sought after among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
'There is no linkage as far as the Indian power-generating business is concerned.'
'Trump's desire to withdraw the US from some arenas on the global stage will result in ceding space to China.'
'Skilled labour is different from immigration.' 'While any adverse immigration ruling will impact Indians, it may not necessarily affect the IT services industry.'
'The border deal offers a hedge for India against Trump's unpredictability when it comes to his approach to competition with China.'
Reopening the country to people seeking green cards, or legal permanent residence, Biden in his proclamation on Wednesday said that the policy of former US President Donald Trump does not advance the interests of the United States.
In January last year, the US signed the first phase of the trade deal with China, which former President Donald Trump described as historic, concluding more than a year of tough negotiations including several months of suspension of talks between the two largest economies of the world.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
All major Indian IT services providers are keenly watching US President Donald Trump's potential actions on immigration law. Ayan Pramanik reports.
The new Israeli settlements in the West Bank are illegal and inconsistent with international law, United States Secretary of State Antony Blinken has said, reversing a Trump-era policy.
'For some South Asians, it may be tempting to think "I'm not Muslim, this doesn't really affect me".' 'But please know, it affects all of us,' says Arun Venugopal, a reporter at WNYC in New York.
Today, from 3 to 4 pm, will answer your queries about seeking admissions in an Ivy League College. Do join us with your questions.
'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'
The US has received enough electronic applications during the initial registration period to reach the 2022 fiscal year cap for the H-1B foreign workers visa, the most sought-after work visa among Indian professionals. The US Citizenship and Immigration Services, the federal agency which screens and allocates H-1B applications, said it was randomly selected from among the registrations properly submitted to reach the cap. The H-1B visa is a non-immigrant visa that allows the US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
The US has received enough petitions needed to reach the Congressionally-mandated 65,000 H-1B visa cap for the fiscal year 2021 and successful candidates for the most sought-after work visa among foreign professionals, including Indians, would be decided by a computerised draw of lots. The H-1B visa is a non-immigrant visa that allows the US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
The US government has removed a regulation proposed by former president Donald Trump's administration that sought to narrow the definition of "specialty occupation" under the H-1B visa regime. The change comes as a relief for Indian information technology firms, which are among the largest users of such visas. "The Department of Homeland Security (DHS) has formally vacated a regulation that would have redefined the H-1B specialty occupation, restricted off site placement of H-1B employees, and otherwise increased employer compliance obligations. "The vacatur follows a federal court ruling that set aside the regulation because the agency did not have good cause to bypass notice and comment rulemaking, in violation of the Administrative Procedures Act," explained immigration law firm Fragomen.
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
United States President Joe Biden has nominated Indian-American lawyer and rights activist Kiran Ahuja to head the Office of Personnel Management, a federal agency that manages America's more than two million civil servants.
The Chinese side hopes that the next US administration will return to a sensible approach, resume dialogue with China, restore normalcy to the bilateral relations and restart cooperation, Wang, who is also a state councillor, told the state-run Xinhua news agency in an interview.
The Biden administration has announced that it is delaying the H-1B policy of the previous Trump administration on allocation of the popular foreign work visas by continuing with the lottery system until December 31, 2021, to give the immigration agency more time to develop, test and implement the modifications to the registration system. On January 7, the US Citizenship and Immigration Services (USCIS) announced to do away with the traditional lottery system in deciding the successful applicants for the H-1B visas. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
The Center for Responsive Politics said that an 'extraordinary influx' of political donations in the final months -- driven by a Supreme Court battle and closely watched races for the White House and Senate -- pushed total spending in the election past the previously estimated 11 billion dollars figure.
India's most powerful prime minister in five decades gets publicly admonished -- if gently -- by the US vice-president. The question is, would this make him reflect on how and why, or which ones of his government and party's missteps exposed his flank like this? asks Shekhar Gupta.
'While we may speculate about personality politics, the reality is that there are more important issues that drive the India-US relationship.'
'The biggest challenge Swaraj and Sitharaman will face is how far they can take their counterparts Pompeo and Mattis seriously.' 'One just doesn't know how long they will even keep their jobs.' 'They are basically salesmen peddling American wares.' 'Actually, there is nothing like 'American policies' in the Trump era,' says Ambassador M K Bhadrakumar.
The US appears to be on track to see over 160 million votes cast in the 2020 presidential election, a turnout rate of about 67 per cent, which is higher than what the country has witnessed in more than a century, as President Donald Trump and his Democratic rival Joe Biden campaigned through the final day to get more voters to the polling booths.
'Modi skillfully navigated Trump's ego and pushed the right buttons.' 'Critics assailed Modi's speech for its personalism, but in the Trump era this is par for the course.'
'The biggest takeaway is that the US-India relationship, which has sputtered a bit in recent months, enjoyed a big boost.'
Devangshu Datta highlights the silver lining for the long-term investor.
'If Trump is out, Modi is going to find himself in a hotspot, having to reset his relations with the new US President with whom he will have to co-exist for well-nigh his full term,' notes B S Raghavan, the distinguished civil servant.
