While, the executive order, at present, temporarily bans some immigration – notably, those who were waiting for a green card outside the US, with some exceptions carved out – a
Tag: US
Cheaper oil, foreign flows a tailwind for rupeeCheaper 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 coronavirus pandemic, oil prices weaken
India studying Trump’s exec order on immigrationIndia 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 said on Thursday.
US Senate approves $484bn more for corona bailoutUS 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, sending the measure to the
Trump bars issue of new immigration green cardsTrump 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 part of his executive order
‘US to add 75mn barrels of oil to reserve’‘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 said. US oil prices crashed
US oil rebounds, back in positive territoryUS 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 demand leaves the world awash
Hunt for storage turns urgent as oil glut growsHunt 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 left idle when shale producers
What negative crude price means for consumers?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 of an unprecedented global energy
US weekly jobless claims highlight eco carnageUS 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 caused by the novel coronavirus
Rupee settles at all-time low of 76.87 vs dollarRupee 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 coronavirus-led economic slowdown. At the
Relief for Indians as US allows H-1B extensionRelief 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 by H-1B visa holders for
US consumer prices post largest drop in five yearsUS 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 decreases in hotel accommodation, apparel
US economy purged 17 million jobs amid pandemicUS 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 apply a tourniquet to stem
Rupee slides to record low of 76.34 against dollarRupee 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 the country fanned fears of
Indian American co donates 3.4m HCQ tabletsIndian 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 and Louisiana, joining the war
Over 20% export orders cancelledOver 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 to non-payment of dues by
7L jobs gone in 14 days, worst yet to come in US7L 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 the first two weeks of
‘Trump Organisation tries to delay loan payments’‘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 the restrictions put in place
Aurobindo calls off $900 million Sandoz buy in USAurobindo 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 generic oral solids and dermatology
US weekly jobless claims blow past 6 million markUS 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 stay-at-home measures to curb the
Several companies announce unpaid leave, layoffsSeveral 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, which has a large engineering
Trump urged to pause H-1B visa schemeTrump 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 the Indian IT professionals, to
US receives 2.75 lakh H-1B registrationsUS 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 registrations received from sponsoring employers
H-1B workers seek extension of post-unemployment stayH-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 sought after among Indians, demand
Oil prices at 17-year lows as virus ravages worldOil 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 in sight to a vicious
US reaches H-1B cap of 65,000 for 2021US 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 requests from corporations and businesses.
US weekly jobless claims surge to record 3.28mnUS 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 the coronavirus pandemic brought the
US SEC clears Infosys in whistleblower caseUS 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 complaints that roiled it last
KLM flight with 100 Indians turned back to AmsterdamKLM 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 US and Canada. Since India