Trump’s H-1B visa crackdown: Why $100,000 fee will hit TCS, Infosys – explained

The proposed $100,000 fee for fresh H-1B workers by Trump could severely impact IT outsourcing and staffing sectors. (AI image) US President Donald Trump’s crackdown on immigration and H-1B visas will hit Indian IT firms, particularly Tata Consultancy Services (TCS) and Infosys, analysis suggests. According to a Bloomberg News study, the impact would be particularly…

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Asian shares today: Market mixed after Trump ‘sanctioned Venezuela oil tankers’; oil prices jump over 1%

Asian shares traded mixed on Wednesday, with strong buying in technology stocks supporting some benchmarks, while oil prices surged more than 1% after US President Donald Trump ordered a blockade of all “sanctioned oil tankers” entering and leaving Venezuela.Trump’s move followed last week’s seizure of an oil tanker off Venezuela’s coast by US forces, an…

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Rupee stays record low! Indian currency opens at 91.07 against US dollar; slips 0.05% from previous close

Capital outflow due to FII activity has been driven by geopolitical uncertainty. Rupee continued its decline on Wednesday, opening at a record low of 91.07 against the US dollar, down 0.05% from its previous close, as persistent foreign fund outflows and uncertainty over India–US trade negotiations continued to weigh on the currency.Earlier on Tuesday, the…

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