logo
JD Vance's meeting with Indian-American investor draws criticism amid H-1B visa debate

JD Vance's meeting with Indian-American investor draws criticism amid H-1B visa debate

Time of India27-05-2025

A photograph shared by Silicon Valley venture capitalist Asha Jadeja Motwani with US Vice President
JD Vance
has sparked discussion on social media, coming at a time when debate around the
H-1B visa
program has intensified.
According to a report by The Times of India, Motwani, an Indian-origin investor known for backing over 100
tech startups
, posted the image following a private family gathering with JD Vance and his wife, Usha Vance. In her post, she noted that immigration was among the key topics of discussion at the dinner.
'Many of us on the table had been Democrats, just like him, for over 30 years. Our departure from the Democratic Party to the center right had many resonances,' she wrote. Motwani mentioned that she gifted a small statue of Lord Ganesha to the couple. 'They loved it, and Usha told me that her older son actually wanted one... three of us hit it off beautifully for some reason,' the post read.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Discover how to go from draft to done in a few clicks—not a few hours.
Grammarly
Install Now
Undo
According to Motwani, both JD and Usha Vance were 'humble to a fault' and open to discussion. 'JD took endless questions from about a dozen of us around the dining table and answered them patiently. I had concerns about
immigration policies
and wanted to be reassured that America will not lose highly gifted and talented immigrants from foreign countries — top brains of the world. He gets an A+,' she added.
(Join our
ETNRI WhatsApp channel
for all the latest updates)
The meeting has led to criticism from some social media users, especially as it came shortly after the
US Citizenship and Immigration Services
(
USCIS
) announced that over 120,000 H-1B visa applications had been cleared for the fiscal year 2026. The update has reignited concerns among US tech workers, with many expressing frustration over job losses and low-wage hiring associated with the visa program.
Live Events
MORE STORIES FOR YOU

Social media roasts JD Vance after painfully awkward meeting with Pope Leo goes viral and raises eyebrows worldwide
Who is Suresh Kumar, the Indian-origin Walmart CTO in news amid latest job cuts
US H-1B visa registrations hit lowest level since FY22 amid Trump policies, fee hike
«
Back to recommendation stories
I don't want to see these stories because
They are not relevant to me
They disrupt the reading flow
Others
SUBMIT
— MrsDoubtFireSF (@MrsDoubtFireSF)
The debate was further fuelled by Walmart's recent announcement of 1,500 job cuts in tech roles.
Some users expressed disapproval of the meeting. One wrote, 'Let me get this straight, JD Vance just wined and dined with a BJP RSS agent of India to facilitate India's national interests, we can kiss our economy goodbye.' Others called for an end to the H-1B visa program, stating that it affects employment opportunities for American workers.
The US government has not issued an official statement on the meeting or on any policy changes related to the H-1B program following this event.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India shares fall as US-China trade deal uncertainty, Middle East tensions weigh
India shares fall as US-China trade deal uncertainty, Middle East tensions weigh

Hindustan Times

time38 minutes ago

  • Hindustan Times

India shares fall as US-China trade deal uncertainty, Middle East tensions weigh

-India's benchmark indexes edged lower on Thursday, led by losses in IT stocks, as ambiguity over the U.S.-China trade deal and rising tensions in the Middle East dampened risk appetite. The Nifty 50 was down 0.16% at 25,101.3 and the BSE Sensex fell 0.2% to 82,355.26, as of 10:13 a.m. IST. The broader small-caps and mid-caps both fell about 0.3%. Eleven of the 13 major sectors logged losses. Other Asian markets were also muted, while Wall Street equities fell overnight on fresh geopolitical tensions in the Middle East and a lack of detail in a U.S.-China trade deal. [MKTS/GLOB] U.S. President Donald Trump said a framework on tariff rates had been reached to revive the fragile trade truce with China. While this lifted investor hopes, the lack of specifics kept markets on edge. "The tariff crisis is not over yet. With Trump's credibility being what it is, it would be too early to discount the development as a positive for markets," said VK Vijayakumar, chief investment strategist at Geojit Investments. Meanwhile, geopolitical concerns heightened after Iran said it will strike U.S. bases in the Middle East if nuclear talks fail and conflict arises with Washington. Escalating security risks in the Middle East is a negative for India as it could trigger a rise in Brent crude prices, said two analysts. Heavyweight IT fell 1%. Indian IT companies earn a significant share of their revenue from the United States. Among individual stocks, Paytm fell 8.4% after India's finance ministry refuted reports claiming the introduction of merchant discount rate on UPI transactions. Delay or non-introduction of MDR is sentiment negative for Paytm and could present a downside risk to the company's core profitability in fiscal 2026 and 2027, UBS said in a note.

India bond yields dip on value buying, fall in US peers
India bond yields dip on value buying, fall in US peers

Mint

time38 minutes ago

  • Mint

India bond yields dip on value buying, fall in US peers

MUMBAI, June 12 (Reuters) - Indian government bond yields fell on Thursday amid value buying and a dip in U.S. peers, while traders awaited a bond buyback and domestic inflation due later in the day. The yield on the benchmark 10-year bond was at 6.3014% as of 10:00 a.m. IST, compared with its previous close of 6.3069%. "While we started positively, any rally in prices is difficult to sustain due to the current market environment," a trader with a state-run bank said. Bond yields rose since Friday after the Reserve Bank of India's (RBI) shift in stance to "neutral" disappointed investors as it signalled limited scope for further rate cuts. The central bank, which cut rates by an outsized 50 basis points (bps), is likely to pause rates for the rest of this fiscal year, per a Reuters poll of economists. All eyes will be now on India's consumer inflation data, which likely eased to a more than six-year low of 3%, thanks to a favourable base and a further moderation in food prices, according to a Reuters poll. The RBI expects inflation to average 3.7% this financial year, down from its earlier expectation of 4%. Meanwhile, India plans to buy back bonds worth 260 billion rupees ($3.04 billion) later in the day. They mature next fiscal year. RATES Indian overnight index swap (OIS) rates are expected to see paying pressure across the curve as sentiment remains weak, with the market still digesting the fact that there may not be more rate cuts for the foreseeable future. The one-year OIS rate was 2 bps higher at 5.58%, while the two-year OIS rate and the liquid five-year OIS rate were little changed at 5.53% and 5.75%, respectively. ($1 = 85.4370 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

Adani group plans Airport unit IPO by 2027, hastens $100 billion capex
Adani group plans Airport unit IPO by 2027, hastens $100 billion capex

Business Standard

time39 minutes ago

  • Business Standard

Adani group plans Airport unit IPO by 2027, hastens $100 billion capex

By P R Sanjai and Saikat Das Billionaire Gautam Adani's group is gearing up to list its airports unit by 2027, as part of an ambitious growth plan that entails investing $100 billion across businesses over the next few years. Adani Airport Holdings Ltd., India's largest private-sector airport operator, will likely be spun off and listed by March 2027, according to Adani Group executives who spoke on the condition of anonymity as the details aren't public. Currently owned by the flagship Adani Enterprises Ltd., the firm operates eight Indian airports and will be opening a new terminal on the outskirts of Mumbai in a few months time. The ports-to-power conglomerate has also doubled the pace of its capital spending plan and now intends to plow $100 billion in five to six years instead of spreading it out over a decade as announced before, the executives said. The investments will be used to scale up energy, logistics and infrastructure businesses, they added. An Adani Group representative did not respond to an email seeking comments. The accelerated investment and listing plans point to how the group led by Asia's second-richest person is back to fundraising and rapid growth mode. It was pummeled by short seller Hindenburg Research's corporate fraud allegations in 2023 and then rattled by the US Department of Justice's bribery probe against its founder in November that also derailed some of Adani's overseas projects. Adani Group has denied allegations made in both the cases. In mounting evidence that it's business-as-usual at the Adani Group after the spate of recent setbacks, Gautam Adani traveled to China last week to meet industrial equipment manufacturers in what appears to be his first significant overseas trip since the DOJ indictment. There's no clarity on the agenda for the China trip. Metals Unit IPO The Adani Group plans to borrow $30 billion from domestic and international markets to bankroll its massive investment plan, the executives said. Internal accruals will finance the rest with about $50 billion likely from the group's listed companies, they added. Newer assets, including airports, roads, and renewable energy projects, should bring in another $20 billion by 2030 by when the metals business will likely be listed as well, the executives said. Adani Group, with interests stretching from ports to green energy and cement to media, is also back to luring overseas investors, even as it navigates DoJ's ongoing investigation into its founder. It raised about $750 million for an acquisition in April, with BlackRock Inc. subscribing to about a third of the bond issue. In May, its ports unit raised $150 million from DBS Group Holdings Ltd. in a bilateral loan. Adani Airports this month secured $750 million via external commercial borrowings from international banks.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store