It is amazing, in this racially enlightened century, that we still see members of the US Congress demonising an ethnic group. Yet that is what happened when the US Senate adopted a provision in its immigration Bill singling out Indian and Indian-American information technology (IT) companies that have operations in the US for punitive restrictions on H-1B work visas. By contrast, the legislation expanded access to the visa to others in the technology industry.Indian and Indian-American (collectively "Indian" below) IT businesses are being scapegoated for abuse of the visa programme - using it for cheap, immobile labour - that actually pervades the entire industry. Dick Durbin, an Illinois Democrat who was one of the "gang of eight" senators who oversaw the Bill, accused Indian businesses of usurping the programme. His Democratic Senate colleague Charles Schumer of New York even used the term "chop shops" in referring to Indian employers.The word "Indian", of course, doesn't appear in t

Norman Matloff: Blaming Infosys in Washington

Business Standard

AI took centre stage in smartphones this year, but camera advancements remained a defining theme across segments. Here are the top five camera-oriented smartphones reviewed this year

Top 5 camera-focused smartphones from 2024

Intellect Design Arena Ltd registered volume of 1.58 lakh shares by 10:47 IST on BSE, a 11.49 fold spurt over two-week average daily volume of 13704 shares

The U.S. stock market experienced a significant recovery, with the Dow Jones Industrial Average surging 498.02 points (1.2%), the Nasdaq Composite and S&amp;P 500 also showed strong gains, jumping 1% and 1.1%.

Shares of Bharat Global have seen a 105 times jump in the last year, rising from just Rs 16.14 apiece in November 2023 to a high of Rs 1,703 in November 2024

SEBI

A case has been registered against individuals who attempted to attack BJP MLC CT Ravi on December 19 at Belagavi Suvarna Soudha.

CT Ravi

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

NPCI

Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart

Market, BSE, NSE, NIfty, Stock Market, investment

FinMin says some changes may take effect from April

CGST Act set to see key amendments in Budget session

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

Currently, the US operates consulates in Chennai, Hyderabad, Kolkata, Mumbai, and New Delhi

Spurt in Indians using investors' visa for US entry

18% growth in India's live entertainment consumption in 2024, says BookMyShow

concert, music festival

The rise in Anant Raj share price came after domestic brokerage Motilal Oswal Financial Services (MOFSL) initiated coverage with 'Buy' for a target price of Rs 1,100, reflecting an upside of 31%

mumbai, real estate, commercial building

Several vehicles parked at a fuel station along Jaipur-Ajmer highway were destroyed. The fire caused extensive damage to the surrounding area

Fire, Fire accident

The rapid downfall of Syrian leader Bashar Assad has touched off a new round of delicate geopolitical manoeuvring between Russia's Vladimir Putin and Turkiye's Recep Tayyip Erdogan.
With the dust still settling from the stunning events in Damascus, the outcome for now seems to be favouring Ankara, which backed the victorious rebels, while Moscow suffered a bruising blow to its international clout.
In the game of Czars vs. Sultans, this is Sultans 1 and Czars 0, said Soner Cagaptay, director of the Turkish Research Program at the Washington Institute. Far from being allies, Turkiye and Russia are competitors. And in this case, Turkiye has outsmarted Russia.
The Assad regime's demise opens another chapter in the complex relationship between Putin and Erdogan, with wide-ranging implications not just for Syria but also for Ukraine and the two leaders' ties with Washington.
Russia and Turkiye share economic and security interests  along with an intense rivalry. The personal relationship

Syrian President Bashar Al Assad

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions

Norman Matloff

Norman Matloff

Norman Matloff

Norman Matloff: Blaming Infosys in Washington

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Tech recap 2024: Top five camera-centric smartphones from Oppo, Vivo, Apple

Volumes spurt at Intellect Design Arena Ltd counter

Wall Street Rebounds: Dow Surges 1.2% as Inflation Data Offers Positive Signals

Sebi suspends trading in Bharat Global Developers alleging lapses

Case registered against individuals who attempted to attack BJP MLC CT Ravi

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