fiscal year

The U.S. Department of Homeland Security has announced that all available EB-2 immigrant visas for Indian applicants in fiscal year 2026 have been issued. Embassies and consulates will cease issuing these visas until the annual limits reset on October 1, 2026, marking the start of fiscal year 2027.

Microsoft is discontinuing most internal Claude Code licenses by June 30, directing engineers to its own GitHub Copilot CLI. This move follows Claude Code's unexpected popularity, which reportedly undercut Microsoft's homegrown product. While officially citing toolchain unification, the timing suggests cost-cutting amidst an industry-wide AI spending crunch.

USCIS reports significant changes in the H-1B visa season, with a focus on higher-skilled foreign workers. This year, 71.5% of selected applicants hold U.S. master's degrees or higher, a notable increase from last year. The agency also noted a substantial drop in registrations within the lowest wage category, indicating a successful effort to curb low-wage applications and protect American jobs.

Senior officials from India and the US are meeting in New Delhi to finalize an interim trade agreement and advance broader bilateral trade talks. Discussions will cover market access, customs, and investment, with potential recalibration of the deal due to recent US tariff changes. The agreement aims to boost trade and economic security between the two nations.

Pakistan plans to increase its defense budget by PKR 100 billion for the next fiscal year, reaching an estimated PKR 2.665 trillion. This move aligns with an IMF-backed reform program projecting a significant rise in federal revenues to PKR 17.144 trillion. The government is also committed to digitizing payments and tackling corruption across institutions.

India’s net FDI has now shrunk to a trickle as rising repatriation and disinvestment offset strong inflows. What changed?

Homebuyers face a crucial decision: fixed or floating home loan interest rates. Fixed rates offer predictable EMIs, ideal for those valuing certainty. Floating rates, however, can be cheaper initially and benefit from falling market rates. Understanding future interest rate trends and your risk tolerance is key. Consider a hybrid approach for flexibility.

The US is making a massive investment in autonomous warfare, requesting $54.6 billion for its new Defence Autonomous Warfare Group (DAWG). This initiative aims to counter the growing threat of drone swarms, as seen in conflicts like Ukraine and the US-Iran tensions. The focus is shifting towards affordability and mass production to maintain a credible defence.

Fertiliser Outgo May Hit 3.8L Cr, Oil Cos Losing 700/Cylinder

Before the war began, bond markets globally were still hopeful of rate cuts by central banks. The length of the disruption has forced a rethink among investors and fund managers alike

Microsoft's consumer chief marketing officer Yusuf Mehdi is leaving the company after 35 years, according to an internal memo first reported by Business Insider. The veteran executive, who launched everything from Windows 95 to Copilot Plus PCs, will work through the next fiscal year ending June 2027 to reimagine Windows for the "agentic era" before stepping away. His exit deepens the leadership churn under CEO Satya Nadella's ongoing AI reboot at Microsoft.

With an eye on future warfare, the Pentagon is gearing up to funnel an unprecedented $54 billion into the realm of autonomous combat, focusing on the deployment of hundreds of thousands of budget-friendly drones.