Donald Trump's administration is facing strong condemnation for imposing a USD 100,000 fee on H-1B visas, with critics arguing it's a xenophobic tactic that harms the US economy and strains relations with India. The policy is seen as a direct attack on immigrant workers who contribute significantly to American innovation and technological leadership.
Donald Trump's administration is facing strong condemnation for imposing a USD 100,000 fee on H-1B visas, with critics arguing it's a xenophobic tactic that harms the US economy and strains relations with India. The policy is seen as a direct attack on immigrant workers who contribute significantly to American innovation and technological leadership.
Dalal Street sees a crowded day with ten IPOs launching together today. Investors have many options, including Anand Rathi and Seshaasai Technologies. True Colors shows a strong premium. Analysts recommend Solarworld Energy and Seshaasai Tech for long-term investment. These companies combine financial growth with strong business models. Investors should focus on companies with clear growth visibility.
The US Federal Reserve's rate cut sets the stage for increased FII inflows into Indian equities, driven by strong domestic fundamentals and festive demand. Despite recent selling due to high valuations, further rate cuts and supportive policies may lure investors back. Sectors like automobiles, consumer durables, and metals are expected to outperform, while gold and silver present unique investment opportunities.
India's real estate market is poised for substantial growth, potentially reaching $5-10 trillion by 2047, fueled by urbanization and rising incomes. Millennials and Gen Z are set to dominate housing demand by 2030, prompting innovation in housing models and technology integration. REITs offer attractive yields, while residential sales remain resilient due to easing interest rates.
Southern China is bracing for Super Typhoon Ragasa, one of the strongest in years, prompting school and business closures, and flight cancellations. The typhoon, packing winds of 143 mph, is expected to make landfall in Guangdong province.
In New Zealand, Hakyung Lee faced trial for the murder of her two children. The bodies were discovered in suitcases years after the crime. Lee fled to South Korea but was extradited. She denied the charges, claiming insanity. The jury rejected her defense. Prosecutors argued Lee acted selfishly. She will remain in custody until sentencing in November.
The United Nations General Assembly is set to host over 140 world leaders in New York. Discussions will focus on resolving conflicts in Europe and the Middle East. Climate change and artificial intelligence are also key agenda items. Financial challenges facing the UN will be addressed. A two-state solution conference for the Israeli-Palestinian conflict already took place.
FCC Chair Brendan Carr denies government influence in Jimmy Kimmel's suspension, attributing it to ratings, despite his earlier calls for action against the ABC host. Disney reinstated the show after a brief suspension, while critics, including Democratic FCC Commissioner Anna Gomez, condemned Carr's actions as government intervention.
