Bidders to submit IPCL financial bids today

Financial bids for the sale of 26 per cent government equity in IPCL will be submitted on Monday. The three bidders in the race for IPCL tak...

Financial bids for the sale of 26 per cent government equity in IPCL will be submitted on Monday. The three bidders in the race for IPCL take-over are IOC, Reliance Industries and the Nirma group. If Reliance is successful in taking over IPCL, its share in the market will rise to 80 per cent. Meanwhile the ministry of disinvestment has made it clear that market dominance would not bar Reliance’s take-over of IPCL.

If successful, IOC (in consortium with ONGC) would be a new entrant in the petrochemicals business. Detergent maker Nirma wants IPCL for integration of its core business. IOC and ONGC are interested in IPCL, because IOC supplies feedstock to the Vadodara unit of IPCL and ONGC supplies gas to the two other IPCL plants.

H-1B $100,000 entry fee explained: Who pays, who’s exempt, and what’s still unclear?

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The White House's decision to impose a $100,000 entry fee on H-1B visa holders has sparked worry among Indian tech workers and students. While uncertainties remain about its implementation and exemptions, major tech companies have cautioned employees against traveling. The policy could lead to a shift towards other visa categories and potentially change the STEM immigration pipeline.

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