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H-1B benefits both India, US after Trump, Musk backing

Financial Express Pune

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January 04, 2025

Three weeks ahead of Trump's inauguration on January 20, the debate on foreign guest worker visas for highly skilled professionals, the H-1B, has intensified, which has literally created divisions in both the Democratic and Republican parties.

- Lalit K Jha

Indians are the main beneficiaries of the H-1B visas, which bring in the best of the talent and brains from across the world. Highly skilled professionals from India walk away with the overwhelming number of H-1B visas—which is Congressionally mandated 650,000 every year and another 20,000 for those who received higher education from the US.

President-elect Donald Trump, who will be sworn in as the 47th President of the US at the US Capitol, has come out in support of the H-1B, so has two of his close confidants, Tesla owner Elon Musk and entrepreneur Vivek Ramaswamy, both of whom have been tasked to head the newly created Department of Government Efficiency (DOGE).

"I've always liked the visas, I have always been in favour of the visas. That's why we have them," Trump told the New York Post over the weekend.

WEITERE GESCHICHTEN VON Financial Express Pune

Financial Express Pune

Vi unveils three-year growth plan, lines up ₹45,000 crore

VODAFONE IDEA ON Wednesday outlined a three-year turnaround road map anchored around a ₹45,000-crore investment plan, as it seeks to shift from balance sheet stabilisation to growth.

time to read

1 mins

January 29, 2026

Financial Express Pune

Highest-ever sales in a quarter drive TVS profit up 52%

TVS MOTOR COMPANY'S standalone net profit rose 52% year-on-year to ₹940 crore in the third quarter of FY26, aided by its highest-ever quarterly sales volumes across vehicle categories in both domestic and export markets.

time to read

1 min

January 29, 2026

Financial Express Pune

‘Nutrition is an area of interest for us’

Tata Consumer Products delivered a strong set of December-quarter numbers, aided by lower tea prices, GST cuts that boosted consumption demand, and underlying volume growth of 13% in its India business.

time to read

3 mins

January 29, 2026

Financial Express Pune

Software-led deals deliver profit for Pine Labs in Q3

FINTECH MAJOR PINE

time to read

1 mins

January 29, 2026

Financial Express Pune

ONGC in talks with ExxonMobil for joint bids under OALP rounds

STATE-RUN OIL and Natural Gas Corporation (ONGC) is in discussions with ExxonMobil to jointly bid for hydrocarbon blocks in upcoming rounds under India’s Open Acreage Licensing Policy (OALP), the company’s Director (Exploration) OP Sinha said.

time to read

1 min

January 29, 2026

Financial Express Pune

Budget to tackle external threats

THOUGH THERE WILL be no change in the stated policy to allow the rupee's value to be market-determined, policymakers have taken note of the rising costs of imported machinery and intermediates caused by the weaker local currency, and its dampening impact on the investment climate.

time to read

3 mins

January 29, 2026

Financial Express Pune

Avoiding agentic debt spiral

AFTER A DECADE of racing to the cloud, adopting microservices and automating workflows, Indian enterprises gained efficiency but also accumulated hidden debt. Now a new form is emerging: faster, harder to detect and far more consequential. This time, the debt isn’t technical—it’s cognitive. It’s agentic debt.

time to read

2 mins

January 29, 2026

Financial Express Pune

India comes out on top in trade pact with EU: Greer

THE US IN its first comments on the India-EU Free Trade Agreement (FTA) has said that India has emerged as the winner.

time to read

1 min

January 29, 2026

Financial Express Pune

Excise revenue bucks declining trend, growth seen above 10% this fiscal

AMID FALTERING OVERALL tax collections so far in FY26 (2025-26), Union excise duty collections are poised to reverse the recent declining trend.

time to read

1 mins

January 29, 2026

Financial Express Pune

The silent salesman

LABELBLIND'S PLATFORM HELPS CREATE REGULATORY-COMPLIANT FOOD LABELS

time to read

2 mins

January 29, 2026

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