Industry Trends

US Social Security alarm: Trump administration may force 39 states for repayment to foster kids — Check reasons

The US administration for children and families has urged 39 states to stop using Social Security benefits meant for foster children to offset care costs. These earned benefits belong to the youth, not government agencies. Federal authorities are working to reform practices where benefit collection continues, aiming to preserve these funds for children's futures.

Government Jobs

Visa reform: Govt streamlines e-visa process for foreign professionals needed by Indian firms; DPIIT launches digital module

The government has simplified the visa process for Indian companies to bring in foreign technical experts for production-related activities. A new online module allows digital generation of sponsorship letters for the e-Production Investment Business Visa (e-B-4 Visa), significantly reducing processing time and easing business operations for both PLI and non-PLI firms.

Startup Funding

AstraZeneca Pharma India gets CDSCO nod to import and market datverzo breast cancer drug

Datopotamab Deruxtecan powder for concentrate for solution for infusion 100 mg (r-DNA origin) is indicated for the treatment of adult patients with unresectable or metastatic, hormone receptor (HR)-positive, human epidermal growth factor receptor 2 (HER2)-negative breast cancer. Shares of Astrazeneca Pharma India Ltd ended at ₹8,984.50, down by ₹32.00, or 0.35%, on the BSE.

Startup Funding

Coursera to acquire Udemy in $2.5 billion all-stock deal

Under the terms of the deal, Udemy shareholders will receive 0.8 shares of Coursera for every share held. The deal implies an acquisition price of approximately $6.35 per Udemy share — a 26% premium over the 30-day average closing price