Will go to war on it, says Elon Musk
Financial Express Mumbai|December 29, 2024
ELON MUSK, THE world's richest man, owner of Tesla, X and SpaceX, and a key ally of US President-elect Donald Trump, waded into the debate around hiring H-1B visa-holders meant for skilled professionals, and said he "will go to war" on the issue, and asked right-wingers to "take a big step back".
SHUBHAJIT ROY & AGGAM WALIA
Will go to war on it, says Elon Musk

"The reason I'm in America along with so many critical people who built SpaceX, Tesla and hundreds of other companies that made America strong is because of H1B.

Take a big step back and **** ******** in the face. I will go to war on this issue the likes of which you cannot possibly comprehend," said Musk. He was earlier in November appointed by Trump to lead the Department of Government Efficiency in the new US administration. Musk's colourful language and weighing in is seen as crucial since he has been an extremely close partner and confidant of Trump in the election campaign, and is also said to have an outsized influence on the Republican President-elect. Set to assume office on January 20, Trump has managed one of the biggest political comebacks in US history.

While the discourse on immigration in the US usually centres around illegal entrants via the US-Mexico border, legal ways such as the H-1B programme have also come under intense scrutiny over the past week.

The H-1B programme allows businesses in the US to employ skilled foreign nationals.

Between October 2022 and September 2023, 72% of the nearly 4 lakh visas issued under the H-1B programme went to Indian nationals.

هذه القصة مأخوذة من طبعة December 29, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 29, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Financial Express Mumbai

Sensex adds 454 pts, Nifty ends near 23,350; banks, metals, financials lead

BENCHMARK SENSEX SPURTED by 454 points and Nifty closed above 23,300 on Monday following gains in banking, financial and power stocks amid firm global trends.

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January 21, 2025
Financial Express Mumbai

Weaker Rupee to Raise Ticket Sizes of Foreign Education Loans: Experts

THE DEPRECIATING RUPEE is expected to slightly increase the average ticket size of overseas education loans, but it is unlikely to deter students from pursuing higher education abroad, Shweta Guru, chief business officer at Auxilo Finserve, said.

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January 21, 2025
Financial Express Mumbai

Billionaire wealth soars 3x faster by $2 trillion in 2024

BILLIONAIRE WEALTH ACROSS the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday as the richest of the world began to assemble for their annual jamboree in this ski resort town.

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January 21, 2025
Financial Express Mumbai

Trump factor has implications for economy and business, says Birla

2025 WILL BE MARKED by uncertainty, unpredictability and will be unorthodox, Aditya Birla Group chairman Kumar Mangalam Birla said on Monday while reflecting on the year ahead.

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January 21, 2025
Financial Express Mumbai

On Day 2 of ceasefire, Gazans search for people under rubble

PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.

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What the Financial Services Sector Needs
Financial Express Mumbai

What the Financial Services Sector Needs

A Push to India's Economic Landscape

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January 21, 2025
Financial Express Mumbai

Bachchan's ₹83-crore deal: Mumbai property market sizzles again

CONTINUING WITH THE trend seen in 2024, Bollywood stars are keeping the Mumbai property market, especially the western suburbs, abuzz with a number of big-ticket deals in the new year.

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January 21, 2025
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Trump 2.0

India has to play its strategic cards well as campaign rhetoric often differs from governing realities

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January 21, 2025
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Kotak Bank to Maintain Its Margins

Aided by a rate-cut cycle & led by growth in high-yielding assets

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January 21, 2025
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KVB Net Profit Rises 20% to ₹496 Crore

KARUR VYSYA BANK (KVB) on Monday reported a 20% year-on-year increase in its net profit for the third quarter at ₹496 crore.

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January 21, 2025