Widespread Verizon Outage Cuts Off Tens of Thousands of Users
GLOBAL NEWS | Thu, 15 Jan 2026, 5:58AM IST
A spokeswoman for Verizon said the carrier was working to resolve the issue.
Continue reading at The New York Times
24m
Large deal wins power Infosys Q3 performance; labour code impact weighs on margins
INDIA MARKET | Thu, 15 Jan 2026, 5:48AM IST
Infosys secured significant large deals in the December quarter, exceeding revenue expectations. A one-time impact from labor code changes affected profits. The company also increased its FY26 revenue growth forecast. This follows positive results from peers like TCS and HCL Tech. Clients are adopting new AI technology platforms. Infosys saw its headcount rise and attrition rates fall.
Continue reading at Economic Times
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US, Europe dominate FPI flows, Singapore & Mauritius lose out
INDIA MARKET | Thu, 15 Jan 2026, 5:39AM IST
Overseas capital in Indian equities has shifted structurally, with US and European investors now dominating over traditional tax havens like Mauritius. Tighter tax norms and regulatory disclosures, including the principal purpose test and beneficial ownership rules, have reduced the appeal of Mauritius, leading to significant withdrawals from Indian equities in 2025.
Continue reading at Economic Times
43m
Foreign fashion labels fade, functional clothing the fad
INDIA BUSINESS | Thu, 15 Jan 2026, 5:30AM IST
Indian fashion retail sees a split. Uniqlo and Nike are booming, driven by quality and function. Other brands like Marks & Spencer and Adidas are struggling. Consumers are becoming more selective. This indicates a structural shift in the market. India's young population and growing appreciation for functional clothing are key factors. The market is recovering post-festive season.
Continue reading at Economic Times
52m
Trump Imposes Limited Tariffs on Foreign Semiconductors
GLOBAL NEWS | Thu, 15 Jan 2026, 4:50AM IST
The tariffs will allow President Trump to take a cut of Nvidias chip sales to China while putting off a decision about imposing higher taxes on the chip industry.
Continue reading at The New York Times
1h
Global unemployment remains unchanged, ILO warns about decrease in jobs for youth, women
INDIA BUSINESS | Thu, 15 Jan 2026, 4:20AM IST
In 2015 and 2025, the share of workers living in extreme poverty declined by only 3.1 percentage points, to 7.9%, compared with a decline of 15 percentage points in the previous decade
Continue reading at The Hindu
2h
Kaiser Permanente Agrees to Pay $556 Million to Settle Medicare Overbilling Claims
GLOBAL NEWS | Thu, 15 Jan 2026, 4:05AM IST
The Justice Department and whistle-blowers accused the major health insurer of overbilling the government for about $1 billion under the private plans.
Continue reading at The New York Times
2h
Visa delays turn taxing for H-1B holders
INDIA NEWS | Thu, 15 Jan 2026, 4:00AM IST
H-1B holders stuck in India due to visa stamping delays are facing risks of job loss, salary cut and becoming liable to pay local income tax.Many Indians working in the US on H-1B permits, and are back in India for visa renewals, are stuck here because of delays in getting visas stamped, after the Trump administration began strictly scrutinising social media activities of applicants.With interviews pushed back to March, April or even later, jobs are at stake for some, especially those working in small companies like startups, said immigration experts. Another complex issue that is cropping up is over taxation, as those staying in India for an extended period may become subject to Indian income tax, either as non-residents or as tax residents.Many US companies with employees who are unable to return are in touch with immigration experts, lawyers and consulting firms to figure out compliance and taxation issues, these firms told ET.Some companies are also directly approaching the US embassy and consulates to request early appointments for their employees.If for any reason, employees of US companies need to spend time in India, there could be potential tax implications both for such employees as well as their US employers that need careful evaluation, said Parizad Sirwalla, partner and national head, tax global mobility services, at KPMG.126533354In case the H-1B holder stays in India for 182 days or more in a financial year, they become a resident for tax purposes in India, according to Ankita Singh, founder of law firm Sarvaank Associates. Some US companies are allowing limited remote work from India for the employees stuck here or are reassigning employees temporarily to India-based affiliates.From an employer perspective, this requires detailed examination on whether their activities while in India create any potential corporate tax liability for the foreign employer, said experts.Employers in the US are more concerned about compliance and tax exposure rather than immigration compliance when allowing remote work from India, said Singh.The question of H-1B professionals continuing to work remotely from India during visa stamping delays is being addressed through legally cautious, interim arrangements rather than any settled legal position, said Tanmay Banthia, partner, Taraksh Lawyers and Consultants.Compensation during this period (where employers are working remotely from India) is not uniform and is governed by contractual discretion and internal policy, Banthia said.Meanwhile, there are cases where professionals who are stuck in India are seeking help from lawyers so that they avoid termination.There are a few instances where the firms in the US have given an ultimatum to employees to join back once they exhaust their paid leaves or face termination, Sukanya Raman, country head at immigration law firm Davies & Associates, told ET.Families split, expenses riseWith visa delays stretching for months, some employers are stepping forward to support stranded employees by requesting consulates to expedite visa appointments, said Raman.But many large companies are restricting the nature of work that can be performed from India by these employees.In addition, families are split often with one spouse or children stuck in the US while the primary earner is stuck in India, or vice versa, said Singh of Sarvaank Associates.There are scenarios where they continue paying US rent, car leases and utilities to keep their US life afloat, while potentially earning no salary or a reduced salary.In some instances, small US companies that lack the legal infrastructure to handle this complexity are forcing employees to resign or go on unpaid leave.Key HR issues surfacing include performance evaluation challenges, inability to perform core job functions due to compliance restrictions, insurance and benefits coverage while abroad, time zone management, and team coordination difficulties.H-1B holders are also increasingly being questioned at US ports of entry and, in some cases, refused re-entry due to unauthorised remote work from abroad, said immigration experts.Prolonged periods spent outside the USnearing six monthscan invite questions at the port of entry about whether the individual has effectively disengaged from US employment, said Keshav Singhania, head - Private Client at law firm Singhania & Co.
Continue reading at Economic Times
2h
Why Banks Are So Worried About a 10% Credit Card Rate Cap
GLOBAL NEWS | Thu, 15 Jan 2026, 2:37AM IST
President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality.
Continue reading at The New York Times
3h
Food Prices Keep Climbing, Rattling Consumers and Trump
GLOBAL NEWS | Thu, 15 Jan 2026, 2:12AM IST
Weather, supply, tariffs, labor and changing consumer habits continue to drive up the cost of groceries. President Trump falsely claims prices are falling.
Continue reading at The New York Times
4h
These Gyms Most Intimidating Machine: The Front Door
GLOBAL NEWS | Thu, 15 Jan 2026, 1:04AM IST
A new kind of tap-in, tap-out system at gyms has some New Yorkers flustered.
Continue reading at The New York Times
5h
Republicans Advance Stock-Trading Bill With Limited Restrictions
GLOBAL NEWS | Thu, 15 Jan 2026, 12:49AM IST
The bill would allow lawmakers to keep their existing stock and continue to sell it if they provide seven to 14 days of notice. Democrats called it a gift to insider traders.
Continue reading at The New York Times
5h
Loan-deposit ratio to stay high, banks set to go for CDs, bonds
INDIA BUSINESS | Thu, 15 Jan 2026, 12:43AM IST
The pace of rise in bank profitability is likely to bottom out this fiscal year, and gradually improve in FY27 as funding pressures ease and net interest margins (NIMs) stabilise, the agency said in its outlook on the financial sector for FY27.
Continue reading at Economic Times
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