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H-1B visa process for speciality occupations could harrow the scope of applicants who qualify for the visa, said IT industry body Nasscom in a preliminary note. On October 23rd, the US Department of Homeland Security (DHS) released a proposed rule intended to modernize, improve, and increase flexibility in the H-1B visa program. The H-1B non-immigrant visa program allows US employers to temporarily hire foreign workers for specialized occupations that require a bachelor's degree or higher. Nasscom has also welcomed some of the proposed changes. The proposed rule is currently open for a 60-day comment period. Nasscom will be making a formal submission and has already begun a thorough industry assessment of the proposed rule. Nasscom said, in a note, that sections of the proposed rule align with the former (US) administration’s unsuccessful attempts to limit the H-1B program in a manner that raises concerns for the IT industry. “For example, the proposed tightening of the definition and requirements for H-1B “specialty occupations” narrows the scope of applicants who will qualify for an H-1B visa and ignores the nature of our modern workforce, not found in the Immigration and Nationality Act (INA). This and other hurdles in the proposed rule create difficulties for companies attempting to hire the necessary skilled workers to fill key, and currently unfilled, jobs across STEM fields,” said Nasscom.

Variety quoted a new study out of UCLA. According to the new report – “Teens and Screens", which is out from UCLA's Center for Scholars and Storytellers, says 51.5 percent of adolescents would like to see more content depicting friendships and platonic relationships. Details say that 1,500 young people were surveyed for the full report, which includes 100 participants from each age bracket between 10-24.

revenue from operations of ₹2,519 crore in the second quarter of fiscal year 2023-24 (Q2FY24), marking a growth of 32 percent as compared to ₹1,914 crore reported in the year-ago period. The fintech major posted a consolidated net loss of ₹292 crore during the quarter under review, which is 49 per cent lower as against a loss of ₹572 crore reported in the corresponding period of FY23.

Israel-Hamas war news: As Israel invaded Gaza on the ground on Thursday, targeting Hamas positions using tanks, United States President Joe Biden hinted that hinted that one of the reasons behind Hamas fighters' 7 October attack on Israel was the recent announcement of the India-Middle East-Europe Economic Corridor. According to a GTRI report, the ongoing Israel's war with Hamas fighters in Gaza can derail the prospect of a historic peace deal between Israel and Saudi Arabia, a crucial linchpin in the India-Middle East Europe Economic Corridor (IMEEC) framework The India-Middle East-Europe Economic Corridor was announced by US President Biden, Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen during the annual Group of 20 summit held in India earlier this year.

Narendra Modi and called India a reliable partner. Recently he shared a video on Instagram where he spoke openly about his opinions about India and PM Modi, and the role India plays in avoiding a war between China and Taiwan. On being asked if he has any relationship with Modi, Ramaswamy said, "I don't know him yet.

Tata Consultancy Services (TCS), who, the union alleged, had been left “stranded and jobless" after the IT major failed to follow through its offer of employment with an actual job, according to a report in the Mint. "Delayed onboarding" refers to companies not transitioning their job offers into actual, salaried positions. This issue surfaced after the Covid-19 pandemic, which disrupted businesses globally.

As Israel’s bombing campaign in Gaza continues, one man has been at the centre of attention – Israel's prime minister Benjamin Netanyahu, also known as Bibi. Netanyahu has arguably been the central figure in Israel’s politics since the 1990s. His political longevity and his highly divisive time in office have made him one of Israel’s most consequential leaders.

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Israel-Hamas war LIVE Updates Israel is continuously bombarding Gaza after Hamas militants launched a surprise attack on Israel on October 7. Calling the attack Israel's own “9/11" Prime Minister Benjamin Netanyahu vowed to destroy Hamas in Palestine. Also Read: Israel-Hamas war: Gold price extends rally despite rise in US Treasurey yield and US dollar rate While sharing the video on social media X, IDF said that its combat soldiers neutralized the Hamas militants by first killing the driver of the vehicle who then lost control of the vehicle.

By Alun John

After a kiss of death from overbearing production that almost returned US natural gas futures to mid-$2 pricing, the obverse kiss of life emerged from speculators this week to restore mid-$3 pricing. 

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Paying for health care is increasingly straining US adults as escalating medical costs converge with rising prices throughout the economy.

Sam Bankman-Fried’s testimony in a New York courtroom Thursday will be the latest must-see moment in the high-profile fraud trial over the collapse of his FTX crypto exchange.

Bitcoin has jumped on bets that the first US exchange-traded funds investing directly in the token are set to be approved. The question now is whether an actual green light for the products would spur some profit-taking.

New standards for the global carbon offsets market threaten to wipe out “a lot” of value for investors, according to Lombard Odier.

JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed.

U.S. Representative Mike Johnson has been elected by his fellow Republicans to serve as the 56th Speaker of the US House of Representatives after three weeks of turmoil and three failed candidates.

Hardeep Singh Puri, Minister of Petroleum and Natural Gas. Speaking at Public Affairs Forum of India’s 10th Annual Forum 2023 in New Delhi on Thursday, he said India will be doing 20% ethanol blending by 2025. India and the US can work together on the plan to make ethanol from agricultural waste.

Mercedes-Benz said a «brutal» electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, as third-quarter earnings fell. The luxury carmaker said it remained committed to its EV targets, but could bolster earnings with better returns from its combustion engine portfolio if margins on EVs remained lower than previously assumed, its chief financial officer said on an analyst call. With some traditional players selling battery electric vehicles below the level of internal combustion engine cars despite their higher production costs, «this is a pretty brutal space,» Harald Wilhelm said. «I can hardly imagine the current status quo is fully sustainable for everybody,» he said. Discounts offered on some models in Germany in the fourth quarter did not represent an overall shift in the carmaker's pricing strategy of keeping prices high to focus on boosting margins over volume, Wilhelm said. Mercedes shares had slid more than 6% by 0733 GMT to their lowest in almost a year, and were the biggest fallers on the euro zone blue-chip index.

General Elections are likely to keep markets volatile in the near term, say experts. The yield on the 10-year US benchmark bond rose to over five percent for the first time since 2007 on Monday, putting pressure on equity markets globally. Though it has receded below 5 percent - but still remains at a multi-year high.