INDIAN
Indian parents getting US residency? 6 financial implications to consider before applying
Investments in bank accounts, mutual funds, shares and other assets will have to be reviewed and modified. It is illegal under India’s FEMA to hold resident bank and demat accounts after moving abroad on a permanent resident status. All such accounts must be converted to non-resident, and FATCA forms disclosing the residential status abroad should be filled up.
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook.
Indian economy to grow faster, foreign capital returning to markets: NSE CEO Ashishkumar Chauhan
India's economy is projected to experience faster growth due to strong macroeconomic fundamentals and increased foreign interest. The Managing Director of the National Stock Exchange highlighted that the country is managing fiscal pressures effectively. Domestic financial savings have significantly increased, reaching nearly USD 1.4 trillion annually. Furthermore, foreign institutional investors are showing renewed enthusiasm for Indian markets ahead of the new Samvat year.
Indian Americans condemn Seattle Diwali disruption by far-right activist Jake Lang
Far-right activist Jake Lang disrupted a Diwali celebration in Seattle while carrying racist signs targeted at Hindus. Prominent Indian Americans including Congresswoman Pramila Jayapal condemned this hateful display, emphasizing the importance of Diwali. The Coalition of Hindus of North America advised community preparedness against similar incidents in the future. Lang's past included participation in the January 6 Capitol attack, for which he received a pardon.
Why did you come back? The Indian dream beyond India's borders
The trend of Indian emigration continues, driven by aspirations for better opportunities abroad. Despite improvements in India, many individuals still seek to leave the country. Historical patterns of migration are linked to economic conditions and personal ambitions. The allure of the United States remains significant for many professionals. However, immigration policies may restrict future movement and opportunities for those seeking success.
'We'll live happily ever after, we have retirement funds, & bifocals': Why do Indian films show parents and grandparents as babysitters but rarely as people with love lives?
Why are Indian films and web series reluctant to portray parents and grandparents as people with romantic lives, desires and relationships of their own? While shows such as the US series Newlyweds explore love and intimacy among senior citizens, Indian popular entertainment often confines older characters to parental, advisory or babysitting roles. The piece examines ageism in the film industry, the limited opportunities for older female actors and the social attitudes that shape how India views romance after 60.
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Indian student missing in Boston, police seek public help to trace 23-year-old
A 23-year-old Indian student named Sreeja Koya has gone missing in Boston, Massachusetts. She was last seen leaving her residence in Dorchester on November 2 around 9.45 pm. Koya moved to the US a year ago to pursue a master's degree at the University of Massachusetts Boston. Her family in Telangana is anxiously waiting for updates as the search continues.
Indian nationals remain third-largest group at US borders despite a decline in illegal migration attempts
US border officials recorded 30,528 encounters with Indian nationals in fiscal year 2026, a striking 64% decrease from 90,415 encounters during fiscal year 2024. Even with more stringent measures in place, attempts at illegal migration, especially from Gujarat, Punjab, and Andhra Pradesh, remain prevalent.
Trump celebrates Diwali with Indian-American CEOs, entrepreneurs at Oval Office
During the Diwali celebration at the Oval Office, President Trump lit a diya in the presence of Indian-American guests. Notable attendees included entrepreneurs, CEOs, and India's Ambassador to the US. Celebrants shared their hopes for strengthening the friendship between India and the US. Founded by President George W Bush, the White House's Diwali celebrations have evolved over the years.
Indian skeet shooters miss individual medal rounds, finish outside team podium
Indian men's and women's skeet shooters had a disappointing performance at the ISSF World Championships. They both failed to qualify for the individual medal rounds and the team events. Mairaj Ahmad Khan led the men's team but placed only 46th in his category. The women's team finished fifth overall, with Ganemat Sekhon being the highest placed at 13th.
Indian rupee strengthens past 94/$ as oil slides, foreign inflows return
The Indian rupee strengthened past 94 per dollar after regaining appeal among emerging-market currencies recently. Significant foreign inflows into Indian equities and a sharp fall in oil prices are key factors. Analysts suggest India's equity markets may attract global investments as concerns about AI infrastructure spending grow. The Reserve Bank of India announced measures to support the rupee against maintaining fluctuations.
Lithuania changes residence permit rules, creating fresh hurdles for Indian workers and students
In a move to tighten immigration control, Lithuania has established new residence permit rules that pose challenges for foreign nationals, especially from India. This shift affects Indian workers and students looking for work or study opportunities within the country. Particular visa types will now encounter more scrutiny, necessitating that employers assess the eligibility of candidates accurately.
$5 billion in 5 days! Why FIIs are suddenly shopping Indian stocks non-stop this Diwali
Foreign institutional investors have poured nearly $5 billion into Indian equities in five trading sessions, marking a sharp reversal after months of heavy selling. Strong Q2 earnings, softer crude prices, stable currency and the global AI sell-off are improving India's appeal, with investors rotating towards relatively undervalued markets and large-cap stocks.
Garden Reach Shipbuilders deliver INS Amini to the Indian Navy, bolstering anti-submarine capabilities
Garden Reach Shipbuilders and Engineers delivered the Anti-submarine Warfare Shallow Water Craft INS Amini to the Indian Navy on November 5. The vessel is named after Amini Island in Lakshadweep and carries a legacy from a decommissioned ship. This craft features over 80% indigenous content, enhancing India's defense manufacturing capabilities. The Indian Navy aims to strengthen its anti-submarine warfare capabilities with this delivery.
Indian stocks set for pullback after sharp rally on oil slide, foreign inflows
Indian markets are likely to experience a decline on Friday following a global market selloff. Investor concerns are rising due to the impact of the US Democratic win on regulations and foreign policy. Both Nifty 50 and BSE Sensex ended their six-session winning streak on Thursday. Foreign institutional investors made substantial stock purchases amid shifting market dynamics related to AI.
FDA flags persistent data-integrity lapses, insanitary conditions at Indian drug facilities
The US FDA continues to identify serious data integrity issues in Indian pharmaceutical manufacturing facilities. During inspections, inspectors found discarded documents related to key manufacturing processes, highlighting compliance concerns. To ensure safe medicines, drugmakers are urged to scrutinize their supply chains and monitor suppliers effectively. Additionally, human errors contributed significantly to production incidents, affecting operations and batch release timelines.
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
US midterm results bring hope for Indian students, but visa worries remain
The recent midterm elections in the US could provide optimism for Indian students seeking to study abroad. Experts suggest that while immediate policy changes are not expected, immigration restrictions may be challenged. The shift in Congressional control may help protect against further cuts to student and work visas. Students and families remain concerned about job opportunities amidst existing visa scrutiny.
Barclays infuses Rs 1500 cr into Indian operations
Barclays Bank Plc has infused over ₹1,500 crore (£125 million) into its Indian operations, marking its third capital infusion in five years. The investment will support the growth of its investment banking and private banking businesses in India.
French fried: Texas Republican pays the price for anti-Indian politics
French's defeat has given a stark electoral warning to an increasingly uncomfortable contradiction within the Republican Party: a party that spent years courting Indian-American voters, celebrating their entrepreneurial success and welcoming Indian investment particularly in Texas, is now struggling with a section of its own political base questioning whether Indians belong in Texas at all.
US Midterm Elections 2026: From Ami Bera to Pia Dandiya, Meet Indian-Americans who won amid Democratic blue sweep
The 2026 US Midterm Elections marked a transformational shift within Congress, as the Democrats regained control of both the House of Representatives and the Senate. A wave of Indian-American candidates, including Ami Bera and Pramila Jayapal, celebrated remarkable victories at congressional and state levels, championing critical issues like immigration reform.
Nitin Gadkari flags Indian highways, expressways still lack perfect signage
Nitin Gadkari highlighted the need for better project preparation and accountability in urban road development initiatives. He expressed concern over the lack of proper signage on Indian highways and its role in accidents. Gadkari mentioned nearly 5 lakh road accidents each year, causing 1.8 lakh deaths in India. He proposed that urban planning requires integrated approaches among various transport agencies to optimize public resources.
Indian Embassy in Saudi Arabia confirms second death of Indian national from the Riyadh airport attack in October
The Indian Embassy in Saudi Arabia has confirmed the passing of another Indian national who was injured in the attacks of October 10. This latest death increases the total fatalities to two. The embassy extended its heartfelt condolences to the grieving family and will assist with funeral preparations, highlighting its ongoing support during this tragedy, especially as 11 individuals were initially reported hurt in the incident.
Indian airlines seek to boost domestic MRO capabilities as aircraft fleets expand
Indian airlines are focusing on building in-house capabilities for maintenance and repair as the aircraft fleet grows. Air India plans to establish an MRO facility in Bengaluru by 2027, while IndiGo emphasizes the need for self-reliance. Akasa Air's maintenance facility at Noida airport is expected to be operational by 2028. The commercial aircraft fleet in India, currently around 800, is predicted to double in coming years as air traffic increases.
Oil slide, Treasury strength boost Indian bonds
Indian government bonds experienced an increase due to a significant decline in crude oil prices. A Democratic sweep in the US midterm elections raised hopes for peace in the Middle East. Traders responded positively, adding positions in government bonds as yields softened. Concerns about inflation risks diminished as investors anticipated a delay in interest rate hikes. Market dynamics indicate that Qatar-led mediation efforts are being monitored closely amid these developments.
Indian stocks poised to open lower as US midterm vote outcome looms
As Indian shares experienced four days of upward movement, a decline is now expected as market participants turn their eyes towards the US midterm elections. The results could play a pivotal role in shaping energy prices and foreign investor activity. Recently, foreign investors have shown confidence in Indian shares, enhancing market performance. Meanwhile, geopolitical tensions over Brent crude oil continue to loom, making post-election stock movements critical for investors.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
New pact struck to support employability, aspirations of Indian students in UK
NISAU UK and London Metropolitan University have formed a partnership to support Indian students’ educational experiences. The collaboration aims to connect students' learning outcomes to employment opportunities in both the UK and India. Through the triple helix model, the initiative will involve universities, employers, and policymakers to enhance student journeys. This engagement aligns with the India-UK Comprehensive Economic and Trade Agreement and Vision 2035.
Pixxel's Indian ownership comes under scrutiny
Pixxel founder and chief executive Awais Ahmed in a blog post on X said the company remains “headquartered, owned, managed and controlled in India,” on Monday. Indian investors, including the founders, collectively hold the largest shareholding in the company, followed by investors from Singapore, the UK and the US, he added.
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