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12,700 US-based tech professionals returned to India in 9 months; 2026 may beat last year’s record as H-1B visa uncertainty grows, but returnees face steep salary cuts at home

The growing flow of returnees could eventually leave India with a net gain in technology talent from the US. (Image for representative purpose only) Thousands of US-based Indian techies are returning to India to a job market that does not offer similar salary levels. But, the number of such returnees is increasing as visa uncertainties…

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Kospi hits the brakes: South Korean benchmark plunges 7.5%, triggers ‘sidecar’ stop for investors

Kospi tumbles over 7% as tech stocks lose steam South Korea’s stock market hit a rough patch on Thursday, with the benchmark Kospi plunging 7.49% as technology stocks came under heavy selling pressure. The rout spread across Asian markets, prompting the country’s exchange operator to trigger a five-minute trading halt on programme sell orders after…

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Wholesale inflation touches 30-month high

New Delhi: Factory gate inflation based on the wholesale price index (WPI) surged to a 30 month high of 11.4% in Sept from 9.9% in Aug, as rising fuel and manufactured goods prices pushed inflation into double digits, the official data released Wednesday showed. In comparison, WPI stood at -0.2% in Sept 2025.Data shows fuel…

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Rupee rises for 4th day, up 19 paise vs dollar

Rupee slips 4 paise to 96.39 against US dollar MUMBAI: The rupee appreciated 19 paise to close at 95.17 against the US dollar on Wednesday, registering the fourth straight session of gains, supported by RBI interventions designed to ease near-term dollar demand and limit speculative foreign exchange exposure.Forex traders said the Indian rupee rose to…

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Watsa’s Prem-ium play in finance sector

NEW DELHI: Hyderabad-born Prem Watsa, chairman of Fairfax Financial Holdings, with assets of around $100 billion, has always been upbeat on India and its growth prospects.The Hyderabad Public School alumnus went to IIT Madras before pursuing an MBA in Canada, despite clearing the IIM entrance test.Watsa, now 75, was once apprehended by the police while…

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