Blog

US HIRE Bill: Since India has long been a hub for IT outsourcing and related services, the bill has raised concerns in the Indian IT industry, which is heavily dependent on US clients for revenue. New Delhi: The US has introduced a new legislation, which is expected to have a significant impact on the USD 250 billion Indian IT industry. The Halting International Relocation of Employment (HIRE) Bill was introduced in the US Senate earlier this month by Ohio Republican Senator Bernie Moreno. The proposed law imposes heavy fines on companies in the United States that outsource jobs abroad. The…

Dividend Stock: According to BSE Analytics, the stock has given a multibagger return of 318 per cent in five years and 313 per cent in three years. Mumbai: Shares of state-run infrastructure construction company IRCON International Ltd are in focus as the stock trades ex-date for a final dividend of Re 1 per equity share with a face value of Rs 2 each. According to the information available with the exchanges, the company has fixed September 11 as the ex-date and record date. A record date is essential as it helps the company to determine the eligibility of shareholders for…

Nepal’s overreliance on remittances doesn’t indicate a good state of economy since the money sent by migrant workers is indicative of survival, not growth. Kathmandu: Nepal is witnessing one of the most intense protests in its history, with youngsters forcing the government’s exit over a ban on social media applications in the country. Along with other major issues that sparked the latest protests, Kathmandu’s weak economic indicators have played a significant role in facilitating the ouster of Prime Minister KP Sharma Oli’s government in the Himalayan nation.  Importantly, Nepal’s economy is significantly dependent on remittance inflows, as they form almost…