New H-1B visa allocation system: After fee hike, will new weighted selection move spell bad news for Indian IT? Explained

Last week, the Department of Homeland Security said it plans to replace the existing random H-1B registration lottery with a weighted selection system. (AI image) After the $100,000 H-1B fee hike blow, will the new proposed system for selecting visa applicants under the Donald Trump administration bode a death knell for the Indian IT sector?…

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Tata Motors outlook turns ‘negative’ on JLR troubles

Moody’s Ratings on Monday changed Tata Motors’ outlook to negative from positive following a cyber attack on its British arm Jaguar Land Rover, which has led to a complete production halt.The rating agency affirmed the Mumbai-based auto major’s Ba1 corporate family rating (CFR). “The outlook change to negative from positive reflects our view that a…

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