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The Trump administration’s $100,000 fee for new H-1B visas has hit another legal roadblock. A second US federal judge has blocked the fee, ruling that immigration authorities and the State Department failed to follow the required rule-making process before implementing it.
The Pentagon, meanwhile, is putting AI and autonomous systems at the centre of its future warfare plans. Defence Secretary Pete Hegseth has announced Autonomous Warfare Command, or AutoWarCom, a new unit focused on expanding
the use of drones, robotics and artificial intelligence.
Markets are also in focus. Auto stocks including Bajaj Auto, Mahindra & Mahindra and Escorts Kubota are falling after September sales numbers, while Kotak Mahindra Bank has gained after the RBI approved Anup Saha as its next MD & CEO. The rupee has slipped to ₹95.95 against the dollar, while gold remains steady and silver gains as investors track US rates and yields.
There is more on the India-US front: Piyush Goyal has met US Trade Representative Jamieson Greer as both countries push for an interim trade deal.
Second judge blocks US President Donald Trump's $100,000 fee for new H-1B worker visas
A second federal judge on Wednesday (September 30) blocked an unprecedented $100,000 fee that US President Donald Trump has imposed on new H-1B visas for highly skilled foreign workers.
US District Judge Haywood Gilliam in Oakland, California, ruled that US Citizenship and Immigration Services and the State Department failed to follow necessary rule-making processes before implementing Trump's fee.
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What is AutoWarCom? Pentagon’s new command to accelerate AI, drone warfare
The Pentagon has created a new military unit dedicated to expanding the use of autonomous and robotic systems, putting drones and artificial intelligence (AI) at the centre of the US military’s plans for future warfare.
It is called Autonomous Warfare Command or AutoWarCom, as announced by US Defense Secretary Pete Hegseth on Wednesday, September 30.
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Explained - Why Auto stocks, led by Bajaj fell up to 7% after their September sales numbers
Auto stocks that came out with their September sales figures on Thursday, October 1, are all trading with losses of up to 7.5%. Bajaj Auto is leading the losses, followed by declines seen in shares of Mahindra & Mahindra, Escorts Kubota, and SML Mahindra.
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Gold, silver prices today: What investors should watch after September correction
Gold prices were largely steady in early trade on October 1, while silver gained, as investors continued to assess the outlook for US interest rates, Treasury yields, the dollar and geopolitical developments. On COMEX, gold was trading at $4,191.90 an ounce.
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Kotak Mahindra Bank shares gain over 3% after RBI approves Anup Saha as new MD & CEO
The Reserve Bank of India, on Thursday, October 1, granted approval for Anup Kumar Saha to become the next MD & CEO of Mumbai-based Kotak Mahindra Bank Ltd. Saha will replace outgoing MD & CEO Ashok Vaswani from January 1, 2027 for a period of three years.
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Rupee slips 12 paise to 95.95 against dollar: What is weighing on the currency now
The Indian rupee opened weaker against the US dollar on Thursday (October 1), with higher crude oil prices and elevated US Treasury yields continuing to put pressure on the currency.
The rupee opened at 95.95 per dollar, compared with 95.83/$ at Wednesday’s (September 30's) close, marking a 12-paise decline.
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Hospital stocks attractive despite margin cap risks, says Elara Securities' Bino Pathiparampil
Hospital stocks present a buying opportunity for medium-term investors following a recent price correction, as the potential earnings impact from proposed drug margin caps is expected to be limited, according to Bino Pathiparampil, Head of Research at Elara Securities.
The sector witnessed a sharp sell-off, with many stocks dropping 5 to 7%, after the Supreme Court criticised high markups on medicines.
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Havells share price correction makes risk-reward attractive, Citi says with 'buy' rating
Shares of Havells India Ltd. gained as much as 2% on Thursday, October 1 after brokerage firm Citi reiterated its positive stance on the stock, and also opened a 30-day positive catalyst watch on the wires and cables manufacturer.
Citi maintained its "buy" rating on Havells India with a price target of ₹1,525 per share, indicating an upside of 50% from its previous close.
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Goyal meets US Trade Representative Greer as India, US push for interim trade deal
Commerce and Industry Minister Piyush Goyal met US Trade Representative Jamieson Greer on the sidelines of the G20 Trade Ministers' Meeting in Milwaukee as India and the US stepped up efforts to conclude an interim bilateral trade agreement.
In a post on X, Goyal said he had a "productive discussion" with Greer towards the early conclusion of a "mutually beneficial interim agreement".
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Traders withdraw October 2 ‘No UPI Day’ call after meeting finance minister
The proposed ‘No UPI Day’ protest planned by mobile retailers and consumer product distributors on October 2 has been called off after a trade delegation met Finance Minister Nirmala Sitharaman and raised concerns over the proposed Merchant Discount Rate (MDR) on certain UPI transactions.
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Southwest monsoon ends with 13% rain deficit; south, northeast to see heavy rain
India's southwest monsoon ended on Wednesday, September 30, with rainfall 12.6% below normal, making it the country's driest monsoon since 2015, even as parts of southern and northeastern India are likely to receive heavy rain on Thursday.
The country received 759.4 mm of rain during the June-September season.
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