INDIANS IN US
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.
US leaders join Indian-Americans in Diwali celebrations, light traditional lamps across states
Diwali celebrations across the United States saw governors, lawmakers and public officials join Indian-Americans in marking the festival of lights. Former Vice President Kamala Harris extended festive greetings, while California Governor Gavin Newsom highlighted the state's first official Diwali holiday.
Stocks vs Gold: Which asset could create more wealth in the Samvat 2083?
At this moment, Indian equities present a more appealing investment than gold, with the Sensex-to-Gold ratio plummeting to historical lows. Samco Securities suggests that as we enter Samvat 2083, boosting equity investments while maintaining gold holdings could be wise. Historical patterns indicate that similar valuation scenarios have often resulted in substantial gains for Indian stocks.
Russia, US extend Diwali wishes to people in India
"Warm Diwali greetings to all our dear friends in India. light never diminishes by sharing; rather, it only increases. I believe that this very spirit of mutual respect, goodwill, and trust will continue to strengthen the friendship between India and Russia. May this auspicious festival of Diwali bring new hope, happiness, peace, and prosperity into your lives. Happy Diwali to you all," he said.
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.
Anger against Trump policies, not US stance towards India guided Desi voters in midterms
Indian Americans showed discontent towards Republican policies mainly driven by immigration and economic issues. In the recent midterm elections, Indian Americans elected several candidates to various offices, reflecting their political engagement. While anti-India sentiment was noted, broader economic concerns influenced voter behaviors significantly. Research indicates that despite perceived discrimination, interest in studying and working in the US remains strong.
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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.
US midterms 2026: Democrats win Congress, but can they change Trump's immigration policies?
The recent 2026 midterm elections have shifted the immigration debate, giving Democrats control of Congress and new leverage against President Trump's policies. As calls for reform intensify, lawmakers face challenges in reversing stringent immigration practices. Key issues surround oversight of ICE, protections for Dreamers, and potential pathways to citizenship for undocumented immigrants. How will this political landscape evolve?
Rupee falls 9 paise to 94.50 against US dollar in early trade
In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices. After a brief bounce-back, it peaked at 94.36. The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling. Notably, Foreign Institutional Investors remained active, purchasing substantial equities, bolstering market optimism.
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.
US midterm election impact: What it means for investors in equities, bonds and gold
The US midterm election outcome could influence equities, bonds, gold and emerging market flows, but its direct market impact may remain limited. A weaker dollar and lower Treasury yields could support emerging markets and gold, while Federal Reserve policy, crude oil prices and AI spending remain key drivers for investors.
Rupee finds its footing as oil worries cool, traders watch flow momentum
The Indian rupee climbed to its highest value in two weeks, following a notable fall in oil prices. This uplifting trend was mirrored by a stark rise in Indian stock markets and a reduction in bond yields. Recently, foreign investments poured into Indian equities, showcasing hefty net purchases. Analysts emphasize that ongoing investment inflows are crucial for bolstering the rupee further, as market sentiment improves amid reduced energy cost pressures.
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.
Amish Shah claims victory in Arizona congressional seat, 6th Indian-American in US House; becomes first from community to represent state
Amish Shah defeated Republican Jay Feely to become Arizona's first Indian-American congressman. He won 52.49 per cent of the vote in a competitive election. Before Congress, Shah served three terms in the Arizona House of Representatives, focusing on healthcare and public safety. His campaign emphasised lowering healthcare costs and protecting voting rights for all citizens.
Sentiment boost for students chasing the American dream as election verdict could temper Trump’s immigration agenda
The recent midterm elections in the United States have raised hopes for Indian students aspiring to study there. Experts believe that while the electoral outcome may boost sentiments, policies regarding immigration are unlikely to change immediately. Existing visa restrictions and uncertainties pose challenges for prospective students as they transition to employment. The Democrats can potentially mitigate any further restrictive immigration measures through their Congressional control.
US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The sanctions are part of the Trump administration's "Operation Economic Outcast," which aims to cut off Iran's ability to sell oil to fund the war with the US and Israel. Treasury unveiled the new sanctions a day after Democrats made huge gains in midterm elections, winning control of both houses of Congress as voters expressed anger about the Iran war and its impact in fueling US inflation.
Indian bonds rally most since April as oil slides after US midterm verdict
Indian government bonds experienced a significant rally influenced by falling oil prices after the US midterm elections. The benchmark bond yield dropped notably, reflecting a three-day decline in yields. Brent crude oil prices decreased, easing inflation and fiscal pressures on India. The Reserve Bank of India anticipates inflation will peak this quarter, supporting future bond market performance.
Trump's loss in US midterms hands Indian gold buyers new setup before Dhanteras
Gold prices surged over 2% on Wednesday, with a weaker US dollar and lower Treasury yields supporting the rally after Democrats made gains in the US midterm elections. In India, 24-karat gold rose 2.26% to ₹14,280 per gram.
US midterm election results: Indian-origin US Congressman Ro Khanna wins California election, backs H-1B visa reform and immigrant rights
In a resounding victory, Congressman Ro Khanna, of Indian descent, has been re-elected in California's 17th District, garnering an impressive 72 per cent of the votes cast against his Republican opponent, Ritesh Tandon. As a notable progressive figure in Congress, Khanna is a fierce advocate for immigrant rights and champions reforms in the tech sector.
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.
US Midterm Elections 2026: Indian origin Suhas Subramanyam re-elected as US Congressman from Virginia
Indian-American Democrat Suhas Subramanyam has been re-elected to the US House of Representatives from Virginia’s 10th congressional district, defeating Republican Dave Beckwith. Subramanyam secured over 61.5% of the vote, while Beckwith received 36.4%.
Congressman Suhas Subramanyam meets voters in Manassas, urges Indian-Americans to participate in US midterms
US Congressman Suhas Subramanyam engaged with voters in Virginia, urging them to participate in the upcoming midterm elections. He observed a significant voter turnout and suggested possible Republican shifts towards Democratic candidates. Subramanyam stressed the importance of Indian-American political involvement, including the possibility of running for office. He promised that a Democratic majority would focus on public concerns like healthcare and food assistance.
Wockhardt seeks 14-year data shield for India-made drugs
Mumbai-based Wockhardt has struck success in its innovative research on a range of antibiotic drugs, bridging a global pipeline gap for difficult-to-treat infections. In May this year, the company secured approvals from Indian and US drug regulators for a breakthrough drug, Zaynich (cefepime + zidebactam), to treat complicated urinary tract infection, including acute pyelonephritis or severe kidney infections. Wockhardt has showcased six drugs to treat antimicrobial resistance (AMR).
US Midterm elections 2026: The Indian American vote may be small, but the political weight isn’t
As we approach the 2026 midterm elections, the influence of Indian Americans on electoral decisions could be significant. A striking 66 per cent favour Democratic candidates, while just 19 per cent support Republicans. Their economic presence is marked, contributing 6 per cent of total US income tax revenues, although they constitute only 1.5 per cent of the populace.
'Struggled in India, now own villas': Indian man's comparison of life abroad and homeownership sparks debate
An social media post comparing middle-class life in India with homeownership in the US and Canada has sparked debate. He questioned why some Indians who struggled financially at home appeared to afford villas and cars after moving abroad. While several users shared positive migration experiences, others argued that buying property overseas also involves substantial financial commitments.
As US midterms enter last lap, Indian "consultants" suddenly thrust into spotlight
Indian "consultants" are under scrutiny for allegedly engaging in election manipulation on a global scale. These activities reportedly range from creating false narratives on social media networks to shape voter perceptions. Reports say these firms have operated in multiple countries, including the US.
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