President Donald Trump's administration on Monday released a proposed regulation to codify an unprecedented more than $100,000 fee on new H-1B visas for highly skilled foreign workers that Trump first imposed last year but has been blocked by the courts. The fee first imposed by Trump in a temporary proclamation last year vastly raises the cost of the visas that are heavily relied on in the tech, education and research sectors. A federal judge in June ruled that the fee was illegal and blocked the ‌Trump administration from collecting it.

The Securities and Exchange Board of India (Sebi) has asked the Ministry of Corporate Affairs (MCA) to recognise the issuance and holding of fractional shares in the Companies Amendment Bill, according to official sources.

A fractional share refers to a portion of a share less than one share unit. Fractional shares may arise from corporate actions like mergers, bonus issues, or rights issues.

The United Forum of Bank Unions (UFBU) has decided to go on a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive scheme, and several pending demands, including pension-related issues.

If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country.

Indian pharmaceutical firms have spent decades supplying American patients with affordable medicines. That dominance will be difficult to challenge, despite President Donald Trump’s threat to impose steep tariffs on imported generic drugs.

His pledge last month to apply a 100% levy on companies making off-patent medications by 2028 (rising to 200% a year later) unless they move production to the US faces formidable commercial and political obstacles.

Tamil Nadu Chief Minister Joseph Vijay on Monday announced that his government would abandon steps taken to establish a new airport at Parandur, saying the project would affect agricultural land and disrupt the livelihoods of farmers and residents.

Speaking in the Assembly, Vijay said Chennai's Meenambakkam airport, operated by the Airports Authority of India (AAI), currently has the capacity to handle 30 million passengers annually.

India’s equity capital market is heading for its best month on record, bucking a lackluster stock market as ample domestic liquidity continues to fuel demand for new shares.

Almost $10 billion of deals have been priced in August, led by the government’s blockbuster $3.2 billion sale of shares in Life Insurance Corp. of India.

India is in negotiations with at least 8-9 more groups of countries and individual nations that together account for another USD 15 trillion of GDP, Commerce and Industry Minister Piyush Goyal said on Monday.

He added that the country's free trade agreements would eventually cover about 75 per cent of global trade and help position India as a trusted partner in global value chains.

The Supreme Court on Saturday set aside a 2017 order of the National Green Tribunal (NGT) holding Sri Sri Ravi Shankar's Art of Living Foundation responsible for the damage caused to the Yamuna floodplains due to its World Culture Festival in 2016.

A Bench of Justice Satish Chandra Sharma and Justice N K Singh directed the Delhi Development Authority (DDA) to refund the Rs 5 crore environmental compensation deposited by the foundation.

International passengers flying out of India will no longer be required to carry a physical boarding pass or get it stamped at immigration counters from September 1, according to an internal communication reviewed by Hindustan Times. The earlier mandatory requirement to produce a physical boarding pass and have it stamped by an immigration officer will be discontinued at all international airports.

In a significant step to safeguard the health and safety of young children, the government has imposed restrictions on the manufacture, sale and distribution of all fixed dose combinations containing Chlorpheniramine Maleate and Phenylephrine Hydrochloride, mandating a clear warning that these medicines shall not be used in children below four years of age.

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