
Friends,Todays top business headlines reflect major regulatory shifts in international labor markets, historic milestones in the commodities sector, and significant interventions by central banking authorities.
U.S. Overhauls H-1B Visa System: The U.S. Department of Homeland Security has finalized a rule to replace the random H-1B lottery with a wage-based selection process. Starting with the FY2027 cap season, the U.S. Citizenship and Immigration Services (USCIS) will prioritize higher-skilled, higher-paid applicants to prevent program abuse, a move expected to significantly impact Indian IT firms like TCS and Infosys.
Gold and Silver Reach Historic Peaks: Precious metals surged to record highs today, with gold crossing the $4,500 per ounce milestone for the first time. In India, gold prices reached ₹1.38 lakh per 10 grams, while silver overtook Apple to become the world’s third-most valuable asset, driven by geopolitical tensions in Venezuela and expectations of global rate cuts.
RBI Injects ₹2.9 Lakh Crore Liquidity: The Reserve Bank of India (RBI) announced massive measures to support the banking system, including government security purchases worth ₹2 lakh crore and a $10 billion dollar-rupee swap auction. These steps are designed to ease tight money conditions and stabilize the rupee, which has recently hovered near the 91 level against the U.S. dollar.source goole.thanks for connecting business Khabri.
Blog ID : 1561
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