Economic Times5/12/2026BusinessIndia
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Developing·10m ago
US Labor Dept. Probe into H-1B, Green Card Fraud May Affect Indian IT Firms
A US Department of Labor investigation into alleged H-1B visa and green card fraud could impact major Indian IT companies, including Cognizant, which has been named in the probe. The outcome may affect Indian outsourcing firms' operations in their largest market.
Economic Times
Developing·11m ago
Ankur Kathuria Departs Alpha Wave Global
Ankur Kathuria, senior director at Alpha Wave Global, has left the US-based investment firm. His departure is part of a trend of senior India-focused executives leaving the fund as it recalibrates its strategy in the country.
Economic Times
Developing·13m ago
US Probe Finds Foreign Aircraft Imports a National Security Risk, But No New Tariffs Planned
A US investigation identified national security risks from foreign aircraft imports, but the administration will not impose new tariffs. The report cited supply chain reliance and quality control issues, with President Trump directing negotiations to mitigate industry impacts.
Economic Times
Developing·15m ago
Tata Consultancy Services Reports 4.6% Net Profit Increase in Q1
Tata Consultancy Services announced a 4.6% rise in net profit and a 13.9% revenue growth for Q1, meeting market expectations. Growth was driven by the financial services sector and the US market. Net profit reached Rs 13,349 crore, including a Rs 668 crore charge from a DXC settlement.
Economic Times
Business·31m ago
Pakistan Records Highest-Ever Remittances at $41.6 Billion in FY26
Pakistan received a record $41.6 billion in remittances in the fiscal year ending June 30, 2026, surpassing total exports. The State Bank of Pakistan reported an 8.6% increase from the previous year, with Saudi Arabia and the UAE being the largest sources.
TOI World
Developing·44m ago
US Semiconductor Plant Construction Threatened by Skilled Worker Shortage
A significant shortage of skilled workers could delay new US semiconductor plant construction, impacting major investments by companies like TSMC and Samsung. By 2030, the gap could reach 157,000 workers, threatening manufacturing and engineering roles.
Economic Times