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US tightens OPT visa rules for students

Business News - May 28, 2025 - 11:26am
Thousands of international students in the US on post-graduation Optional Practical Training (OPT) are receiving warning letters from the country's Immigration and Customs Enforcement (ICE), threatening termination of their SEVIS records and potential deportation over employment reporting issues, according to a report by TOI’s Lubna Kably.The core of the issue lies in the reporting of employment status within the Student and Exchange Visitor Information System (SEVIS). OPT regulations grant students a maximum of 90 days of unemployment during their twelve-month program. Another 60 days are available to those undertaking the STEM-OPT program for an additional two years.ALSO READ: US pauses new student visa interviews amid plans for social media screening“The recent ICE letters indicate that an international student’s SEVIS record will be terminated if there is no employer information listed on the SEVIS portal. This signifies that the student did not report the OPT job on time or went over the allowed unemployment period, either of which can result in a termination of OPT status and initiation of removal proceedings,” Snehal Batra, managing attorney at NPZ Law Group told TOI.ALSO READ: US embassy warns Indian students: If you skip classes your student visa may be revoked“This is a pretty big change for F-1 students. In the past, SEVIS did not usually terminate SEVIS records automatically for exceeding 90 days of unemployment. But now, with tighter rules, students could accidentally fall out of status for failure to report,” she added.As per immigration attorneys, OPT reporting rules require SEVIS to be updated within ten days of any change, be it a new job, new work site location, or loss of employment.ALSO READ: Trump’s USCIS nominee targets OPT, raising alarms among Indian students in USA copy of such a letter, seen by TOI states, “Because there is no employer information in your SEVIS record, you are accumulating unemployment days and may have exceeded the permissible period of unemployment. If you have been employed during your OPT time, you must correct your SEVIS record. Please contact your Designated School Official (DSO) or utilize the SEVIS Portal to update your information. Failure to take corrective action may result in the initiation of immigration proceedings to remove you from the United States."This letter imposes a strict 15-day deadline on international students to update their SEVIS records from the date of issuance. Failure to comply will lead to the termination of their SEVIS status, potentially resulting in consequences like deportation. Indian students represent a large portion of the international student population in the US. According to the Open Doors Report for the 2022–23 academic year, there were 2,70,000 Indian students in the country, including 69,000 enrolled in OPT programs. As a result, many Indian students have been affected by these notices.According to ‘NAFSA: Association of International Educators’, the wordings of the letter are identical to those issued in 2020 under the Trump-Pence administration. However, according to education and immigration experts, this time there appears to be an uptick in the number of letters that are being issued.“Traditionally, it’s been the school’s DSO that tracks SEVIS compliance, but since ICE administers the SEVP, they have been going in and terminating people who have accumulated more than 90 days of unemployment during their OPT,” Jath Shao, founder of an immigration law firm told TOI.“It is crucial to have employment, paid or unpaid, that is related to the major you graduated from. You must also promptly report your employment or unemployment to your school’s DSO. We have seen some cases where DSOs failed to timely update graduates’ employment status in SEVIS, but USCIS has reinstated the students’ status upon correction of the record,” pointed out Shao.The gravity of the situation has prompted NAFSA: Association of International Educators, to issue a special advisory. It recommends that DSOs should diligently monitor the ‘Accrued unemployment days’ alerts. This alert highlights students who have accrued unemployment days and shows their employment status as of the date the list was generated. Designated School Officials (DSOs) are encouraged to proactively reach out to students with a high number of unemployment days and remind them to update their employment details via the SEVIS Portal or directly through their DSO.(With TOI inputs)
Categories: Business News

Gold prices predicted to fall up to Rs 93,000/10 gms. Here’s what analysts say

Business News - May 28, 2025 - 11:26am
Amid a rebound in the dollar index, gold June futures contracts at MCX opened flat at Rs 95,230/10 grams, marginally higher by Rs 87 or 0.09% after the yellow metal settled lower in the previous trading session.However, around 11 am, the metal witnessed buying from the lower levels and was trading 0.36% higher at Rs 95,490/10 gm. This is a surge of nearly Rs 350 from its closing price on Tuesday.Meanwhile, silver July futures contracts recovered from their day’s low on Tuesday and also opened higher by Rs 566 or 0.58% at Rs 98,041/kg.On Tuesday, gold and silver settled on a weaker note in the domestic and international markets. Gold June futures contract settled at Rs 95,143 per 10 grams with a loss of 0.83% and silver July futures contract settled at Rs 97,475 per kilogram with a loss of 0.54%. Gold and silver showed heavy selling pressure in the international markets amid a rebound in the dollar index after the postponement of the trade tariffs by the U.S. President of the European Union. The dollar index recovered from 1-month lows and the U.S. equity markets also gained, easing some safe-haven buying for precious metals.Today, the US Dollar Index, DXY, was hovering near the 99.80 mark, gaining 0.28 or 0.28%.The U.S. durable goods orders data and consumer confidence data released on Tuesday were also better than expected and pushed bullion prices lower. However, the U.S. trade tariff uncertainty and geopolitical tensions could support prices of precious metals at lower levels.“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geopolitical tensions and ahead of the FOMC meeting minutes; gold prices could hold its support level of $3,200 per troy ounce and silver prices could also hold $31.80 per troy ounce levels on a weekly closing basis,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.How to trade gold?Manoj Kumar Jain suggested the following ranges for gold and silver on MCX:Gold has support at Rs 94,800-94,400 and resistance at Rs 95,500-96,000Silver has support at Rs 96,650-96,000 and resistance at Rs 98,250-99,100Jain suggests buying gold and silver until they hold their key support level of Rs 94,400 and Rs 96,650, respectively, on a closing basis. He further noted that gold could retest Rs 96,000 and silver could also retest Rs 98,250-99,000 levels in the upcoming sessions.Gold prices are witnessing volatility due to a lack of triggers. Profit booking is typically witnessed from higher levels on account of easing geopolitical tensions between Israel and Hamas and ongoing tariff relief measures, reducing safe-haven demand.“In the international market, Comex gold is expected to trade in a lower range of $3,250 to $3,325, while the domestic outlook now shifts to Rs 93,000–Rs 96,000,” noted Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities.Deveya Gaglani, Senior Research Analyst - Commodities at Axis Securities, echoed a similar sentiment, stating, “Looking ahead, volatility is expected to remain elevated this week, with key macro triggers including the release of FOMC meeting minutes and prelim U.S. GDP data”.Gold rates in physical marketsGold Price today in DelhiStandard gold (22 carat) prices in Delhi stand at Rs 58,144/8 grams while pure gold (24 carat) prices stand at Rs 62,024/8 grams.Gold Price today in MumbaiStandard gold (22 carat) prices in Mumbai stand at Rs 57,624/8 grams while pure gold (24 carat) prices stand at Rs 61,464/8 grams.Gold Price today in ChennaiStandard gold (22 carat) prices in Chennai stand at Rs 56,928/8 grams while pure gold (24 carat) prices stand at Rs 60,728/8 grams.Gold Price today in HyderabadStandard gold (22 carat) prices in Hyderabad stand at Rs 56,840/8 grams while pure gold (24 carat) prices stand at Rs 60,568/8 grams.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

UBS’ double upgrade lifts Aarti Industries shares 3% higher, 31% upside predicted

Business News - May 28, 2025 - 11:04am
Anticipating a potential cyclical recovery in Aarti Industries, global brokerage firm UBS has issued a double upgrade on the stock, raising its rating from ‘sell’ to ‘buy’ and setting a target price of Rs 625. Following the upgrade, shares of Aarti Industries jumped 3.4% to hit an intraday high of Rs 494 on the BSE.The stock’s target price denotes an upside of 30.8% from its previous closing price on the BSE.The brokerage firm noted that their ‘seel’ rating was set against the backdrop of a peaking chemical cycle and risk to guidance/consensus expectations for the energy segment (n-methyl aniline, MMA). However, these factors have largely played out, with a likely bottoming of chemical cycles and a reset of MMA volume growth expectations after a sharp correction in gasoline-naphtha spreads.“The stock is down c35% from the Aug 2024 peak. We now expect meaningful improvement in company performance aided by the new CEO's strategic initiatives to optimise costs and new growth drivers,” UBS said in its report.Analysts at UBS expect a gradual improvement in the business cycle for Aarti Industries, supported by low channel inventory levels. They also anticipate a steady pickup in MMA volumes, which has been evident over the past two quarters despite rangebound spreads.Further, the company's continued focus on market development is seen as a key factor in sustaining MMA volumes amid ongoing volatility. Additionally, strategic initiatives aimed at enhancing operational efficiency are expected to support long-term growth.“We do not believe the market is fully pricing in these factors as the stock is trading below its five-year average EV/EBITDA,” UBS added.Also read: ITC tumbles 4% on BAT’s likely 2.6% stake sale worth Rs 15,000 croreThe company guidance is for EBITDA to increase Rs 8-12 billion by FY28, supported by cost optimisation (Rs 1.5-2 billion), volume and margin ramp-up (Rs 3.5-5.5 billion), and capex-led growth (Rs 3-4.5 billion).The global brokerage firm believes that this range is achievable, considering initial green shoots across chemistries; however, new capex contribution could be lower.“We expect an EBITDA increase of about Rs 10bn in FY25-28, factoring in: 1) higher end of guidance for fixed cost optimisation and improving capacity utilisation; 2) steady rise in realisation from FY27; and 3) only nominal contribution from new capacity in FY28,” UBS analysts noted.Further to this, an improvement in MMA volume is expected along with a focus on market creation from geographical diversification, customised shipments, and better pricing.The gasolinenaphtha spread has been healthy (average $13/barrel) during Q1FY26TD, despite a sharp correction in the crude oil price, and close to the long-term average before Q4 FY22.While cognizant of volatile spreads, UBS expects strategic initiatives to cushion volume/profitability volatility. Also read: NSE's valuation jumps 60% with IPO looming: Sources(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

Patna News: बदल गया पटना एयरपोर्ट, उद्घाटन से पहले सामने आई एक और बड़ी जानकारी; ध्यान से पढ़ लें यात्री

Dainik Jagran - May 28, 2025 - 10:41am

जागरण संवाददाता, पटना। पटना एयरपोर्ट पूरी तरह बदल गया है। यह भव्य और विशाल दिखने लगा है। नए निर्माण पर 1200 करोड़ रुपए खर्च किए गए हैं।

अब पटना एयरपोर्ट टर्मिनल का क्षेत्रफल 12 हजार से बढ़कर 65 हजार वर्गफीट हो जाएगा। बड़े शहरों की तरह आगमन भूतल पर और प्रस्थान प्रथम तल पर होगा।

750 वाहनों की क्षमता वाली मल्टीलेवल पार्किंग है। यहां ट्रेवलेटर और कनेक्टिंग ब्रिज के माध्यम से यात्री टर्मिनल में प्रवेश सकेंगे। टर्मिनल में अधिक जगह होने से कई सुविधाएं भी यात्रियों को मिलेंगी।

प्रधानमंत्री नरेन्द्र मोदी 29 मई को पटना एयरपोर्ट (जयप्रकाश नारायण अंतरराष्ट्रीय हवाई अड्डा) के नए टर्मिनल का उद्घाटन करेंगे।

हालांकि, यात्रियों का आवागमन पांच जून से शुरू होगा। अभी टर्मिनल भवन से ही यात्रियों की आवाजाही जारी रहेगी।

उद्घाटन के बाद एयरपोर्ट में प्राधिकरण और विमानन कंपनियों के कार्यालय, चेकइन काउंटर, एक्सरे मशीनें आदि शिफ्ट की जाएंगी। इन्हें चार जून तक शिफ्ट करने का निर्णय लिया गया है।

पुराने टर्मिनल भवन की जगह पार्किंग-बे

नए टर्मिनल से यात्रियों की आवाजाही शुरू होने के बाद पुराने भवन को ध्वस्त किया जाएगा। वहां विमानों के लिए पार्किंग-बे होगा। उस स्थान पर 11 विमान खड़े हो सकेंगे।

वर्तमान में 21 चेकइन काउंटर हैं, जबकि नए टर्मिनल में इनकी संख्या 64 हो जाएगी। बोर्डिंग पास जारी करने वाली मशीनें भी लगेंगी।

जिन यात्रियों ने वेब चेकइन नहीं किया और हैंड बैग के साथ एयरपोर्ट आए वे मशीन से बोर्डिंग पास निकाल सकते हैं। वहीं, लगेज लेकर आने वाले यात्री काउंटर से बोर्डिंग पास प्राप्त कर सकेंगे।

यात्रियों को कई सुविधाएं मिलेंगी

बड़े शहरों के हवाईअड्डों की तरह पटना में भी टर्मिनल पर यात्रियों को कई तरह की सुविधाएं मिलेंगी। अभी कुर्सी पर बैठकर फ्लाइटों का इंतजार करना पड़ता है।

नए टर्मिनल में रीक्लाइनिंग सीट भी होंगी, जिससे समय से पहले पहुंचे यात्रियों को सुविधा होगी। पांच एयरोब्रिज भी होंगे। साथ ही अलग-अलग मंजिलों से आगमन और प्रस्थान कराया जाएगा।

इसके अलावा 13 बोर्डिंग गेट होंगे। इनमें आठ भूतल और पांच प्रथम तल पर होंगे। यही पांच एयरोब्रिज बनाए गए हैं। कन्वेयर बेल्ट की संख्या चार हो जाएगी।

सूत्रों की मानें तो पुराने टर्मिनल को ध्वस्त किए जाने तक अभी एयरोब्रिज से ही यात्रियों का आना-जाना होगा। यह प्रक्रिया दो-तीन महीने तक चलेगी।

सूत्रों की मानें तो पीछे की तरफ से भवन में छोटे-मोटे कुछ काम अब भी बाकी हैं, जिन्हें पूरा होने में एक वर्ष का समय लग सकता है। इन कार्यों के जारी रहने से यात्रियों के आवागमन में किसी प्रकार की परेशानी नहीं होगी।

फ्लाइट से उतरते ही दिखेगी बिहार की झलक

विमान से उतरने के बाद अराइवल हाल में प्रवेश करने पर यात्रियों को बिहार की झलक दिखेगी। यात्रियों की नजर सबसे पहले जिस दीवार पर जाएगी, उस पर महापर्व छठ की पेंटिंग पर बनाई गई है।

इसमें अर्घ्य देने वाले छठव्रतियों के समूह को दर्शाया गया है। इसके अलावा भगवान बुद्ध की पेंटिंग है। मधुबनी कला का भी बेहतर प्रदर्शन किया गया है, जो आकर्षण का केंद्र होगा।

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