Tag: US

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US to seek review of non-immigrant visas like H-1B

While, the executive order, at present, temporarily bans some immigration – notably, those who were waiting for a green card outside the US, with some…

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Cheaper oil, foreign flows a tailwind for rupee

India’s rupee, among Asia’s worst-performing currencies this year, could be the fastest in the region to rally as the world restarts economic activities after the…

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India studying Trump’s exec order on immigration

India is studying President Donald Trump’s executive order temporarily halting immigration into the US for 60 days and its possible impact on Indians, government sources…

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US Senate approves $484bn more for corona bailout

The US Senate on Tuesday unanimously approved $484 billion in additional coronavirus relief for the US economy and hospitals treating people sickened by the pandemic,…

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Trump bars issue of new immigration green cards

US President Donald Trump has said that he will halt issuing of new Green Cards or legal permanent residency for the next 60 days as…

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‘US to add 75mn barrels of oil to reserve’

“We are filling up our national petroleum reserves… And we are looking to put as much as 75 million barrels into the reserves themselves,” Trump…

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US oil rebounds, back in positive territory

US oil prices rebounded back above zero Tuesday, a day after futures ended in negative territory for the first time as a coronavirus-triggered collapse in…

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Hunt for storage turns urgent as oil glut grows

The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been…

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What negative crude price means for consumers?

The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign…

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US weekly jobless claims highlight eco carnage

A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump…

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Rupee settles at all-time low of 76.87 vs dollar

The Indian rupee tanked 43 paise to settle at an all-time low of 76.87 (provisional) against the US dollar on Thursday, amid rising concerns over…

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Relief for Indians as US allows H-1B extension

In a big relief for thousands of stranded Indian professionals in America due to the coronavirus pandemic, the US government has decided to allow applications…

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US consumer prices post largest drop in five years

The US labor department said on Friday its consumer price index dropped 0.4% last month amid a tumble in the cost of gasoline, and record…

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US economy purged 17 million jobs amid pandemic

US unemployment is rising at a jarring rate, with data on Thursday showing 17 million have lost their jobs since mid-March, as officials scramble to…

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Rupee slides to record low of 76.34 against dollar

The rupee plunged by 70 paise to its life-time low of 76.34 against the US dollar on Wednesday as a rise in coronavirus cases in…

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Indian American co donates 3.4m HCQ tablets

An Indian American-owned pharma firm has pledged to donate 3.4 million Hydroxychloroquine Sulphate tablets to some of the key COVID-19 battleground states, including New York…

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Over 20% export orders cancelled

Covid-19 has led to exporters bleeding with upwards of 15-20% of the orders getting cancelled and a major amount of funds being locked up, owing…

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7L jobs gone in 14 days, worst yet to come in US

The worst stage of coronavirus pandemic became visible in the US when the Donald Trump government reported that employers cut over 7 lakh jobs in…

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‘Trump Organisation tries to delay loan payments’

The Trump Organisation — the conglomerate of companies created by Trump and now run by his sons — is, like many others, losing money as…

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Aurobindo calls off $900 million Sandoz buy in US

Nearly a year and a half year after Hyderabad-based pharma major Aurobindo Pharma announced its big ticket, $900 million deal to acquire Sandoz Inc’s US…

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US weekly jobless claims blow past 6 million mark

The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million last week as more jurisdictions enforced…

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Several companies announce unpaid leave, layoffs

Furloughs, leave without pay, salary cuts, layoffs – that’s the story across sectors as the pandemic deepens the economic crisis. Employees of US conglomerate Honeywell,…

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Trump urged to pause H-1B visa scheme

A US body representing American technology workers has urged President Donald Trump to suspend for this year the H-1B visa programme, the most sought-after among…

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US receives 2.75 lakh H-1B registrations

A bulk of H-1B cap registrations, received by the US Citizenship and Immigration Services, were for potential beneficiaries (workers) from India. Of the 2.75 lakh…

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H-1B workers seek extension of post-unemployment stay

Fearing massive layoffs in America due to the coronavirus crisis that is hitting businesses around the globe, foreign technology professionals on H-1B visas, the most…

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Oil prices at 17-year lows as virus ravages world

Oil prices extended losses in Asian trade on Monday and languished at 17-year lows, with the coronavirus crisis escalating around the world and no end…

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US reaches H-1B cap of 65,000 for 2021

The US Citizenship and Immigration Services (USCIS) said it has reached the congressionally-mandated 65,000 H-1B cap for the fiscal year 2021 as it received enough…

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US weekly jobless claims surge to record 3.28mn

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain…

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US SEC clears Infosys in whistleblower case

In a huge relief to Infosys, the company has received a clean chit from US markets regulator Securities & Exchange Commission (SEC) on the whistleblower…

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KLM flight with 100 Indians turned back to Amsterdam

A KLM flight was asked to return to Amsterdam after it took off for Delhi on Friday with about 100 Indians transiting back home from…

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