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US call centre scam: 4 Indians, 1 Pakistani plead guilty; sentencing dates pending US call centre scam: 4 Indians, 1 Pakistani plead guilty; sentencing dates pending

Four Indians and one Pakistani have pleaded guilty to the charges for their role in a massive telephone impersonation fraud and money laundering scheme in the US perpetrated by India-based call centres, the Department of Justice has said.

Drop of 37% in H1B visas for 7 Indian firms in 2016: Report Drop of 37% in H1B visas for 7 Indian firms in 2016: Report

Top seven Indian-based outsourcing companies in the US received fewer H-1B visas in 2016 as compared to 2015, and as a group their numbers dropped 37 percent, according to a new report.

Adani gives final approval for coal mine project in Australia Adani gives final approval for coal mine project in Australia

Adani Group Chairman Gautam Adani on Tuesday gave the final investment approval for the Indian conglomerate's controversy-hit 21.7 billion dollars coal mine project in Australia which had hit several roadblocks over environmental concerns.

World Bank keeps 2017 global growth forecast at 2.7% World Bank keeps 2017 global growth forecast at 2.7%

World Bank on Sunday maintained its forecast for global growth in 2017 and 2018 unchanged at 2.7 percent and 2.9 percent, respectively, as manufacturing and trade are picking up and confidence is improving.

 

US unemployment rate hits 16-year low in May

The US unemployment rate fell to a 16-year low in May but monthly job creation saw a sharp slowdown, the Labor Department reported Friday.

US issues clarification on higher education H-1B exemption criteria

The US has said that in order to qualify for an H-1B numerical cap exemption based upon a master's or higher degree, the conferring institution must have qualified as a "United States institution of higher education" at the time the beneficiary's degree was earned.

Spotify stock listing could be within a year

Spotify co-founder Martin Lorentzon told Swedish radio on Friday there were no plans for a listing, but the source told Reuters that "the implication is that it would be within 12 months from now".

LG Electronics releases mobile payment tool LG Electronics releases mobile payment tool

Amid reports of rival Samsung tying up with three South Korean banks for Artificial Intelligence (AI)-based services, LG Electronics Inc on Friday launched its own mobile payment tool in the country to compete with "Samsung Pay".

Uber head of finance leaving as company narrows losses Uber head of finance leaving as company narrows losses

Uber confirmed on Thursday that the company's head of finance is leaving, just after the on-demand ride service trimmed its quarterly loss to USD 708 million on rising revenue.

Deutsche Bank to support China's 'Belt and Road'

Deutsche Bank, Germany's biggest lender, said on Wednesday it would support three billion dollars' worth of development projects in partnership with China Development Bank (CDB).

German jobless rate hits new record low in May

The German unemployment rate dropped to a new record low in May, data showed on Wednesday, in another sign of the strength of the labour market in Europe`s largest economy.

Priorities of coral and coal clash in Aussie Sunshine State

As many Australians grapple with how to save their Great Barrier Reef from global warming, others are preoccupied with building one of the world's biggest coal mines nearby.

Google co-founder Sergey Brin building world's biggest aircraft ? Google co-founder Sergey Brin building world's biggest aircraft ?

Around $100-$150 million will reportedly be spent to build the airship.

Yuan hits 6-1/2-month high; other currencies rise in tight range

Asian currencies rose on Wednesday as strong manufacturing data from China coupled with a risk-happy market environment spurred interest in emerging currencies, with the Chinese yuan jumping to its highest in six-and-a-half months.

Uber fires executive accused of stealing from Google Uber fires executive accused of stealing from Google

Global cab-hailing service Uber has fired Anthony Levandowski, who earlier headed its self-driving car project, for allegedly stealing some 14,000 documents from Google`s Waymo.

Singapore fines Credit Suisse, UOB over 1MDB-linked dealings, wraps up review

Singapore`s central bank has fined Credit Suisse and United Overseas Bank (UOB) a total of S$1.6 million ($1.2 million) for breaching anti-money laundering rules in transactions related to Malaysia`s scandal-ridden state fund 1MDB.

French consumer confidence reaches nearly 10-year high

French consumer confidence last month hit its highest level since August 2007, statistics showed Tuesday, as more people had a positive outlook about their future earnings as the country elected a youthful president with a reformist agenda.

Adani strikes deal on royalties payments with Queensland govt Adani strikes deal on royalties payments with Queensland govt

Indian energy giant Adani Group said on Tuesday that it has struck a deal on 'royalties payments' with the Queensland government for its 21.7 billion dollars coal mine project in Australia, a major breakthrough for the controversy-hit Carmichael venture.

Good news for Indian students: Bill seeking H-1B limits exemption for foreigners with US PhD introduced Good news for Indian students: Bill seeking H-1B limits exemption for foreigners with US PhD introduced

The Bill is likely to benefit Indians given that they constitute the largest number of students doing PhD in the US.

'Lot of misinformation about H1B does lot of good for US' 'Lot of misinformation about H1B does lot of good for US'

Acknowledging that there is a "lot of misinformation" about H-1B, a top American Senator has said that this popular work visa, the most sought-after by Indian IT professionals, has benefited the US.