Need to expand H-1B visas: USIBC

Last Updated: Monday, August 31, 2015, 09:51

This year the US Citizenship and Immigration Services (USCIS) received thousands of more applications than the number of H-1B visas it can grant, forcing it to decide on the successful applicants through a computerised draw of lots.

US oil jumps more than 10% to $42.56 a barrel

Last Updated: Friday, August 28, 2015, 00:53

US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.

RCom ties up with American firm Jasper to offer IoT

Last Updated: Thursday, August 27, 2015, 19:17

Reliance Communications on Thursday tied up with the Silicon Valley-based Jasper to provide Internet of Things (IoT) solutions, starting with the companies belonging to the Indian conglomerate.

Indian-American charged in $1.9 million fraud scheme

Last Updated: Tuesday, August 11, 2015, 09:43

Yashvant Patel, 59, has been charged with four counts of mail fraud and four counts of making false statements in documents required to be kept under federal laws. The indictment seeks forfeiture from Patel of USD 1.9 million.

AIG profit beats estimates, boosts buyback by $5 billion

Last Updated: Tuesday, August 4, 2015, 04:39

American International Group Inc , the largest commercial insurer in the United States and Canada, reported a quarterly operating profit that breezed past analysts` estimates, and boosted its share buyback by up to $5 billion.

GM earnings more than double on US truck demand; shares jump

Last Updated: Friday, July 24, 2015, 09:03

General Motors Co shares rose about 4 percent on Thursday after the automaker reported adjusted net income that more than doubled in the second quarter, driven by North American truck sales and continued strength in China.

Oil prices resume decline on supply glut concerns

Last Updated: Wednesday, July 22, 2015, 21:38

Oil prices resumed their decline Wednesday following a US report showing that stockpiles surged last week, with analysts warning of further weakness ahead.

India raises social security, market acess, visa issue with US

Last Updated: Tuesday, July 21, 2015, 21:42

India on Tuesday pressed for setting up a high-level committee to look into a range of issues including American Totalisation and non-tariff barrier, as also the Social Security Act that discriminates Indians working in the US.

Indian workers win $20 mn settlement against US company

Last Updated: Thursday, July 16, 2015, 14:11

The Alabama-based company will also issue an apology to the Indian workers, who brought to the US to be employed as welders, pipefitters and in other positions.

Ford to launch three models in India over next 9 months

Last Updated: Wednesday, July 15, 2015, 17:07

Besides, the company is also looking to expand its sales network in the country by adding over 100 new outlets, primarily in tier III cities, by the end of next year.

'Laying off of US workers for H1B holders needs to be probed'

Last Updated: Wednesday, July 15, 2015, 12:51

Amid reports that entertainment giant Walt Disney has laid off American employees and replaced them with Indians holding H1-B visas, US Homeland Security Secretary Jeb Johnson has told lawmakers that any such allegations are very troubling and should be investigated.

100 Indian companies invest $15 bn in US, create 91,000 jobs

Last Updated: Wednesday, July 15, 2015, 09:15

A total of one hundred major Indian companies created more than 91,000 jobs in the US by investing USD 15 billion in a wide range of sectors across 35 American States, according to a latest report.