Category: Business

Trump tariff impact: ‘Bigger effect on investments’, says Shell; global economic uncertainty a factor

Shell faces low oil prices and US tariff uncertainty (Image credits: X @Shell) US President Donald Trump’s tariffs are creating uncertainty into the global economy, impacting investment decisions more than supply chain costs, said Shell India’s Robin Mooldijk, president of projects and technology.“The primary effect is on our supply chain. It becomes more expensive and […]

UPS: EPFO pauses Unified Pension Scheme adoption for its employees; says matter still under consideration

The Employees’ Provident Fund Organisation (EPFO) has temporarily put on hold its earlier order allowing employees to adopt the Unified Pension Scheme (UPS), stating that the matter is still under consideration. “It is to inform that the matter regarding implementation of the Unified Pension Scheme (UPS) for the employees of the Central Board is still […]

US clarification on one-time H-1B fees: How MEA worked over weekend to engage with Trump administration to win relief; details here

External Affairs Ministry engaged intensively during the weekend with the Donald Trump administration regarding H-1B fees concerns. (AI image) The White House clarification on the hikes $100,000 H1-B visa fee being only for new applicants and not for existing holders, along with the announcement that it was a one-time fee, rather than an annual cost […]

Currency watch: Rupee slips 25 paise to 88.53 against US dollar; Trump tariffs & H-1B visa fee hike weigh on sentiment

Rupee slips 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as concerns over enhanced US tariffs on Indian goods and the new $100,000 H-1B visa fee weighed on investor sentiment.Forex traders said that global risk aversion and trade policy uncertainty further exacerbated the rupee’s decline.At […]

ONGC takes over control of Vedanta-operated oil block: CB-OS/2 fields under interim control; case moves to Delhi HC

ONGC takes over control of Vedanta-operated oil block The Government has directed state-run Oil and Natural Gas Corporation (ONGC) to take interim operational control of an oil and gas block from Vedanta, after rejecting the company’s request to renew its contract.Vedanta, which produces about one-fifth of India’s crude oil, has challenged the decision in the […]

Talent tide turns: US H-1B visa fee shock may fuel reverse brain drain; Indian startups eye AI boost

India’s startup ecosystem is sensing an unexpected opening as the US government’s $100,000 fee on new H-1B visas threatens to push skilled professionals back home. Founders and investors said the move could accelerate a reverse brain drain, swelling the pool of talent in software-as-a-service, deeptech and artificial intelligence.Manav Garg, founding partner at Together Fund, called […]

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