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Maintaining the momentum since the first month of the year, Unified Payments Interface (UPI) recorded 21.7 Bn transactions worth INR…

“We will not sacrifice platform health for quarterly optics. We will not pretend that accounting profits are the same as…

The United States government has authorised the release of 64,716 additional H-2B visas for temporary non-agricultural foreign workers for the current fiscal year, expanding the number of seasonal work visas beyond the statutory annual cap. This increase aims to address shortages faced by employers in industries that rely on temporary labour. The move comes through a temporary final rule jointly issued by the Department of Homeland Security (DHS) and the Department of Labor (DOL). It permits issuance of supplemental visas — above the usual annual limit — to employers that demonstrate they face “irreparable harm” without access to additional foreign workers. What Are H-2B Work Visas? H-2B visas are a category of non-immigrant visas for temporary non-agricultural work. They allow U.S. employers to bring in foreign nationals to fill jobs that are seasonal, peak-load, intermittent, or short-term in nature when qualified U.S. workers are not available. Common sectors that hire under the H-2B programme include hospitality, landscaping, construction, seafood processing and tourism, particularly for roles tied to seasonal demand cycles. Employers must file petitions certifying both need and compliance with wage standards to qualify. Purpose of the Visa Increase The additional H-2B visas are intended to help U.S. businesses that…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

The Indian government’s ongoing banking sector consolidation push appears to be advancing with preparations to merge Union Bank of India and Bank of India into a single large public sector bank. Sources familiar with the discussions say due diligence and internal alignment work is underway, with some officials suggesting the deal could be finalised by the end of this calendar year, 2026. Creating a Larger Lender If completed, the merger would combine the operations, assets and networks of two long-established state-run banks. The new entity would rank among the largest public sector banks (PSBs) in India, expanding its balance sheet significantly and increasing its footprint across urban and rural markets. Analysts note that such consolidation aligns with earlier merger rounds that reduced the number of standalone PSBs while enhancing scale. With combined assets estimated at around ₹25.4 lakh crore in the financial year 2024–25, the merged bank would likely become the second-largest public sector lender after State Bank of India and one of the biggest banks overall by size and reach. Why the Merger Is Being Considered Bank consolidation has long been part of the government’s drive to strengthen financial stability, improve efficiency and reduce operational duplication among state-run lenders.…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

Not all voices on the line are what they seem; some hide traps behind a friendly tone. Beware the 1600 Callers The Telecom Regulatory Authority of India (TRAI) has issued an important warning for mobile users: if you receive a call from a number starting with the 1600 series and the caller asks for an OTP or PIN, do not share it. According to TRAI, “Genuine service calls will never ask for confidential information over the phone.” This advisory comes in response to growing instances of phone-based fraud, where scammers impersonate banks, telecom providers, or other trusted organizations to trick users into revealing sensitive information. OTPs (One-Time Passwords) and PINs are often used to authorize transactions or access accounts, making them a prime target for fraudsters. By staying alert and refusing to disclose these details, users can protect themselves from potential financial or identity-related losses. How to Stay Safe TRAI recommends that the safest course of action is to end the call immediately if any suspicious requests are made. Users are also encouraged to report such calls through the TRAI DND App or directly via their telecom provider. By doing so, authorities can track, investigate, and take action against these…  ​Read MoreBusiness Archives - Trak.in - Indian Business of Tech, Mobile & Startups

Indian founders and investors will be closely watching as finance minister Nirmala Sitharaman steps into the Parliament today to present…

Indian Institute of Technology (IIT) Delhi has emerged as one of India’s most influential academic institutions, playing a significant role…

Along with a senior Siri executive, Apple Inc. has lost at least four additional AI researchers in recent weeks. The employees have left for...

As part of cost-cutting efforts, fitness technology business Peloton Interactive Inc. has laid off 11% of its workforce, with engineering teams accounting for the...

Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation...