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Wednesday, June 24, 2020

Xiaomi's boss shrugs off a backlash

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THE ECONOMIC TIMESDaily Newsletter
Wed, Jun 24, 2020 | 04:55 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Xiaomi's India boss shrugs off a backlash Xiaomi's India boss shrugs off a backlash
Manu Jain says his smartphones are made here, and the firm sourced 65% of its components locally....
Spouses on H4 visa stuck in India after Trump's visa pause
For H-1B aspirants, it's going to be a very long wait
Donald Trump may have done us a big favour
Virus not under control in the US: Top health advisor
India's oil imports in May sink to lowest in over 8 years
Diesel burns hole in pocket, surpasses petrol in Delhi
Co-living operators may take over unsold properties
Debate This
Does Indian IT need American visa doles for survival?
More than the fact that Trump's latest visa freeze would hinder the American Dream of thousands of Indian techies, what needs a rethink is the dependence of Indian IT majors on such visas. Even though companies like Wipro, Infosys and TCS have ramped up their local hires over the recent years, their 'offsite-onsite' employee ratio is still about 80:20. With Covid pushing the world into work-from-home mode and borders losing

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3 companies (largecap) appreciated more than 5%
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Top Losers

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7 companies (largecap) price decreased more than -5%
Union Bank India -8.48%
Info Edge -8.21%
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OnePlus announces expansion of OnePlus smart TV portfolio

New series of OnePlus TV will offer premium, accessible connected ecosystem experience in India Online launch event to be held on 2 July.

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