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H-1B Fee Blocked Again; Pentagon Launches AutoWarCom; Monsoon Ends 13% Below Normal
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CNBC TV18•01-10-2026, 11:08
H-1B Fee Blocked Again; Pentagon Launches AutoWarCom; Monsoon Ends 13% Below Normal
- •A second US federal judge has blocked the Trump administration's $100,000 fee for new H-1B visas, citing a failure to follow proper rule-making processes.
- •The Pentagon established Autonomous Warfare Command (AutoWarCom) to integrate AI and autonomous systems into future warfare, as announced by Defense Secretary Pete Hegseth.
- •Auto stocks, including Bajaj Auto and Mahindra & Mahindra, fell after September sales figures, while Kotak Mahindra Bank gained after RBI approved Anup Saha as its new MD & CEO.
- •The Indian rupee slipped to ₹95.95 against the dollar, influenced by higher crude oil prices and elevated US Treasury yields.
- •India's southwest monsoon concluded with a 12.6% rainfall deficit, making it the driest since 2015, though parts of southern and northeastern India anticipate heavy rain.
Key Questions Answered
A US federal judge blocked the $100,000 H-1B visa fee by ruling that immigration authorities and the State Department failed to follow the required rule-making process before implementing it.
AutoWarCom, or Autonomous Warfare Command, is a new Pentagon unit announced by Defense Secretary Pete Hegseth to put artificial intelligence, drones, and robotics at the center of future military warfare plans.
The Reserve Bank of India approved Anup Kumar Saha to become the next MD and CEO of Kotak Mahindra Bank, replacing Ashok Vaswani starting January 1, 2027, for a three-year term.
