India has officially condemned US Vice President J.D. Vance's comments describing Indian H-1B visa holders as "foreign indentured servants," calling the remarks deeply offensive and rooted in painful colonial history. Vance criticized companies like Microsoft for replacing laid-off American workers with H-1B visa holders, prompting the US Department of Labor to suspend major Indian IT firms such as Infosys and Tata Consultancy Services from the Permanent Labor Certification program. India emphasized the high skills and contributions of its professionals in the US and assured that existing H-1B visa holders will not be affected. Indian IT companies are also increasing domestic hiring in the US to reduce reliance on H-1B visas. This dispute highlights ongoing tensions over immigration and labor policies between the two countries.
As of Oct 09, 2026 17:51 WIB, Microsoft (MSFT) trades near its 52-week high at USD 527.46, up 0.93% for the day, while Infosys (INFY) is closer to its 52-week low at USD 10.80 but also gained 0.93%. Despite Infosys's strong buy interest on Pluang with 100% buy orders and a dividend yield of 4.89%, its price remains less than half of its 52-week high of USD 20.22. Meanwhile, Microsoft shows a more balanced order activity with 66% sell and 34% buy, reflecting different investor sentiments on these tech giants amid ongoing US-India tensions.
Amazon announced it will stop using non-disclosure agreements (NDAs) when negotiating data center deals with local governments. This move follows Microsoft’s similar decision earlier this year and responds to community opposition against AI infrastru...
Amazon has decided to stop using non-disclosure agreements (NDAs) when negotiating data center deals with local governments, following Microsoft's similar move. This shift comes as secrecy around AI infrastructure has sparked community opposition, re...
A $10,000 investment in the Vanguard Information Technology ETF (VGT) on the day ChatGPT launched in November 2022 has grown to $30,482 with dividends reinvested, outperforming the Invesco QQQ Trust (QQQ), which grew to $26,095 over 3.85 years. The k...
President Donald Trump purchased $1-5 million in SpaceX bonds just two days before signing a major order to accelerate the U.S. commercial space industry. The order aims to increase launch and reentry operations in the U.S. to over 1,000 annually by ...
The Invesco S&P 500 Top 50 ETF (XLG) reduces the S&P 500 to its 50 largest companies by market cap, resulting in a fund dominated by mega-cap tech stocks, especially semiconductors which make up about 26% of the portfolio. The top five holdings—NVIDI...
