The United States has confirmed that a new $100,000 fee for H-1B visas will apply only to new applications, not to existing holders or renewals. The clarification, announced by the White House after President Donald Trump imposed the charge from Sunday, has brought relief to India’s $283 billion IT sector.…
European governments facing stretched budgets are under pressure to find ways to raise revenues while addressing inequality.Discussions around wealth taxes have returned to the table, but history shows that direct levies on wealth often generate only modest income and face significant challenges.Economists and policymakers are instead pointing to other tax…
Europe’s markets opened weaker on Monday as investors balanced fresh corporate warnings with policy shocks from the United States. The pan-European Stoxx 600 index slipped 0.2% shortly after the opening bell, while FTSE 100 was flat with 0.07% gains. Autos led the declines, while traders also reacted to US President…
Shares of Adani Power Ltd surged 20% on Monday, September 22, after the stock began trading on an adjusted basis following its first-ever share split. The rally came as investor sentiment toward the Adani Group improved, with market regulator Sebi dismissing key allegations of stock manipulation brought by US-based short-seller…
Ecuador is poised to achieve a significant milestone in the global cocoa market, with projections indicating a production exceeding 650,000 metric tons in the forthcoming 2025-26 season. This substantial increase could potentially elevate Ecuador to the position of the world’s second-largest cocoa grower, surpassing Ghana, a traditionally dominant player in the…
The US national stockpile will receive scandium oxide supplies from a Rio Tinto mining unit, following an agreement with the country’s Defense Logistics Agency (DLA). This five-year deal is valued at up to $40 million and aims to secure the critical material, according to a Reuters report.Scandium, a rare earth element,…
Gold prices scaled new highs on the first day of a new week on Monday as traders anticipated more rate cuts by the US Federal Reserve. Silver prices mimicked the rally in gold and climbed above the $44 per ounce level for the first time since 2011. The crude oil market was,…
Pfizer is making a bold move in the pharmaceutical world by closing in on a $7.3 billion deal to acquire Metsera, a biotech firm focused on next-generation anti-obesity drugs, news platform Financial Times reported on Monday.This acquisition underlines Pfizer’s fresh push into the booming weight-loss drug market, an area showing…
Rolls-Royce share price has been in a strong rally this year and is trading at a record high of 1,150. It is one of the top gainers in the FTSE 100 Index after soaring by almost 100% this year. So, can it jump to 1,250p as analysts at Goldman Sachs…
Indian IT stocks slumped on Monday after US President Donald Trump announced an overhaul of the H-1B visa programme, imposing a hefty $100,000 fee on new applications.The surprise move threatens to upend the long-standing outsourcing model that Indian IT majors rely on to serve their biggest market.Shares of Tata Consultancy…