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H-1B visa recast to benefit Indian STEM talent

Financial Express Lucknow

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October 04, 2025

THE MOVE AWAY from a lottery toa merit-based H-1Bvisa system will favour Indian STEM (science, technology, engineering and math) talent, particularly those with advanced degrees and specialised skills in STEM-related occupations, industry executives and analysts said.

- SUDHIR CHOWDHARY

India produces one of the world’s largest pools of engineers and scientists, and candidates who combine this strong foundation with expertise in emerging fields such as Al, data science, or cybersecurity will find themselves at a clear advantage.

US lawmakers are pushing bipartisan Bills to raise wages, tighten hiring rules, and end the lottery system in favour of higher pay-based selection. India accounts for 71% of H-1B approvals. As an annual producer of over 2.25 million STEM graduates, the country is uniquely positioned to benefit from this shift. Industry experts said that by rewarding higher education and niche capability, the system could open more doors for top-tier Indian professionals. Also, this move sets the stage for a new era in US-India technology collaboration, unlocking high-impact opportunities not just for individual workers, but for the entire digital economy.

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Financial Express Lucknow

NFRA rolls out audit toolkit to aid small, medium practitioners

THE NATIONAL FINANCIAL Reporting Authority (NFRA) on Monday rolled out audit practice toolkits to support small and medium practitioners and strengthen audit quality across the country.

time to read

1 min

November 04, 2025

Financial Express Lucknow

The Rohtak chhori who dared to dream big and make a comeback

“CHHORI NE DIKHA diya ki Shafali comeback karna jaanti hai!” The father of Shafali Verma, the player of the Women's World Cup final, sums up her unforgettable night in an earthytone.

time to read

2 mins

November 04, 2025

Financial Express Lucknow

CASA ratio up a tad as banks aim to protect NIMs

BANKS ARE STEPPING up efforts to grow current account and savings account (CASA) deposits, in a bid to protect margins amid a competitive deposit environment.

time to read

1 mins

November 04, 2025

Financial Express Lucknow

MUFG in talks to acquire 20% in Shriram Finance

JAPANESE BANKING GIANT Mitsubishi UFJ Financial Group (MUFG) is in advanced negotiations to acquire a 20% stake in Shriram Finance, according to a report by Moneycontrol. This could be one of the biggest deals in the non-banking financial companies (NBFC) space this year.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Godrej Consumer may see margin recovery

DRIVEN BY TRADE NORMALISATION AND FESTIVE-SEASON TAILWINDS

time to read

1 mins

November 04, 2025

Financial Express Lucknow

LPG sops to drive OMCs profit in H2

STATE-OWNED OlL marketing companies (OMCs) are likely to sustain their profitability momentum in the remaining quarters of the fiscal 2025-26 on the back of robust refining and firm marketing margins,as per analysts.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Resumption of EU FTA talks to bridge gaps

INDIA AND THE European Union (EU) on Monday resumed negotiations on their Free Trade Agreement (FTA) with a team from Brussels arriving here.

time to read

1 mins

November 04, 2025

Financial Express Lucknow

White-collar hiring dips 9% in October

THE WHITE-COLLAR HIRING activity in October declined 9% year-on-year as the Diwali-Dussehra festive holidays temporarily impacted recruitment momentum, a report said on Monday.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Shriram Finance shares jump 6% post earnings

SHARES OF SHRIRAM Finance on Monday closed up 6.18% at %795.15 on the National Stock Exchange as the NBFC major reported a consolidated net profit of $2,315 crore for the quarter ended September, up 11.6% year-on-year.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Microsoft signs $9.7-bn AI cloud deal with IREN

MICROSOFT HAS SIGNED an approximately $9.7 billion deal to purchase AI cloud capacity from IREN, becoming the Australian company’s largest customer.

time to read

1 mins

November 04, 2025

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