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Forex reserves fall by $13bn to $734.6bn

MUMBAI: India’s foreign exchange reserves fell by $13 billion to $734.6 billion in the week ended Oct 2, driven by a sharp decline in foreign currency assets and gold reserves. Foreign currency assets, the largest component of the reserves, dropped by $10.7 billion to $604.7 billion.Gold reserves declined by $2.3 billion to $106.4 billion. The...

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‘Pretty Little Liars’ actor Keegan Allen left bleeding after being attacked, robbed at gunpoint ‘Pretty Little Liars’ actor Keegan Allen was attacked and robbed at gunpoint and knifepoint, leaving him bleeding.In a social media post, Allen shared a video of himself where he appeared out of breath and visibly shaken, with blood dripping from his...

US trade talks steady, visa curbs may help India: Piyush Goyal

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been standard dummy text ever since the 1500s,

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.


US trade talks steady, visa curbs may help India: Piyush Goyal

BENGALURU: Commerce and industry minister Piyush Goyal said on Friday that talks with US for a trade deal were progressing steadily and the two sides were working on the fine print, while asserting that tighter access to H-1B visas can benefit India by encouraging skilled professionals to stay back, bringing more tech work to the country and boosting the startup ecosystem.The minister’s comments come days after USTR Jaimeson Greer said that a deal was not imminent, and FM Nirmala Sitharaman stated that talks had hit a plateau. “Going by what the US itself has said, it has nothing more to add or offer, and the fine print is being worked out,” Goyal said at the ET Startup Awards 2026 held in Bengaluru on Friday.“The key issue is how the US will give us the comparative advantage we had agreed upon in Feb. That requires legal expertise, which AI cannot provide, because this goes beyond the textbook. That is what we are working on,” he said.The trade minister, who just returned from US, said several American companies had outlined their plans for India as they looked to tap the Indian talent pool and highlighted the cost advantage here. “Look at the entire ecosystem and you will realise that every H-1B visa not granted is a big win for India,” Goyal said.Tighter H-1B access could give Indian startups, particularly in deep technology, greater momentum, he said, adding that the sector had significant room to grow in India. Goyal said he had never raised the issue of H-1B visas or green cards in his conversations with US as immigration was not directly related to trade, although the movement of people to deliver services was important.He said a growing share of technology work was coming to Indian cities as companies recognised the value of setting up GCCs here.



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