Rupee at all-time low: Rupee weakened further on Tuesday, hitting an all-time intraday low of Rs 88.53 against the US dollar, as global uncertainties and policy shocks rattled investor confidence. The domestic currency opened at Rs 88.41 and quickly ceded ground, following a 12-paise loss on Monday. H-1B visa hike and trade tensions weigh Traders…
Indian IT companies are expected to face only limited disruption following the US announcement of a $100,000 one time fee on new H-1B visa applications, according to market expert Anil Singhvi, managing editor of Zee Business. Singhvi suggested that the move is more “signal than shock” for the sector, with only mild implications for business sentiment…
US President Donald Trump’s latest immigration move has sent shockwaves through the global tech industry. The American president signed a proclamation imposing a $100,000 annual fee on every H-1B visa application on Friday– a decision critics say could cripple America’s innovation engine while simultaneously boosting India’s tech growth story. ‘America’s loss will be India’s gain’ Former…