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Oracle CEO Mark Hurd says F1 students should be allowed to work

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Mark Hurd
Mark Hurd

Oracle’s chief executive Mark Hurd wants to know why the U.S. government won’t embrace foreign students as part of the nation’s workforce.

REDWOOD SHORES, Calif. (Diya TV) — As fears mount further over the possibilities of the U.S. government tightening visa guidelines, Oracle’s chief executive Mark Hurd said if the government allows immigrant students into the country, it should embrace immigrant workers to drive the nation’s growth.

“We have been very supportive to immigrants. They are studying in some of the best schools in the country. We let them come and learn here. Why won’t we let them work here?” he asked during a recent meeting at the company’s headquarters, which was attended by international members of the media.

“We have many talented engineers at U.S. universities. They have come from some place other than the U.S. We would like to hire them. We are doing a lot of R&D here at the campus. We want growth and need talented people to spur innovation,” Hurd said during a recording of the ‘Recode Decode Podcast’.

According to Hurd, Oracle have more than $50 billion invested overseas. That’s money the company would prefer to spend in America, he said.

“Let us say via repatriation. We have our money overseas to the tune of $50 billion. We need that back and invest here to drive growth,” he said.

As part of his proposed tax reforms, President Donald Trump has considered a one-time repatriation tax on overseas cash brought back which is expected to be mandatory. According to reports published Monday, Apple have a total overseas investment of $216 billion, Google have invested $48 billion of its own outside of the U.S.

“My top job is to see Oracle compete, innovate and win against all odds,” Hurd said on the podcast.

India is home to Oracle’s second-largest foreign workforce, the nation accounts for the company’s largest research and development investment of any other nation abroad.

Business

Indian IT companies curb H-1B premium processing

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H1-B visa premium processing

MUMBAI (Diya TV) — Indian IT services companies are not racing to use a H1-B visa premium processing option as in years past due to a changing business model and higher rejection rates.

Google announced a $1 billion commitment to help alleviate Silicon Valley’s housing crisis, saying they will add about 20,000 homes. While the housing plan is welcomed, many critics are upset that Google is able to do this because they exploit tax loopholes to shelter billions of dollars in revenue.

PG&E, the California public utility blamed for igniting several wildfires caused by downed power lines that killed dozens and destroyed thousands of homes, agreed to pay $1 billion in damages to local governments.

Laxman Narasimhan will becoming CEO of consumer goods group Reckitt Benckiser this fall.

He was Chief Commercial Officer at PepsiCo.

And India’s lunar lander will launch this July for the moon, and will launch its first mission to study the sun in 2020. ISRO is also planning to have a space station for India by 2030.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Business

India blocks entry of a Palestinian rights group into the U.N.

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Modi blocks Palestinian Rights

WASHINGTON (Diya TV) — Israeli Prime Minister Benjamin Netanyahu thanked Indian Prime Minister Narendra Modi on Twitter for India’s support in blocking the entry of a Palestinian rights group into the UN.

The U.S. Chamber of Commerce’s U.S.-India Business Council held day one of the India Ideas Summit, convening government officials from the U.S. and India, as well as business executives and thought leaders from around the globe. Google CEO Sundar Pichai and NASDAQ CEO Adena Friedman won Global Leadership Awards respectively.

And U.S. Secretary of State Mike Pompeo spoke as well, highlighting what he hope to accomplish during his visit to India in a few weeks.

Warriors star forward Kevin Durant announced on Instagram he had successful Achilles tendon surgery in New York surrounded by family and friends. His team will square off against the Raptors tomorrow night for Game 6 of the NBA Finals. Diya TV will be there with pregame and postgame analysis.

And Ravi Kapur and Jonathan Choe will take you inside TD Garden in Boston where St. Louis Blues are looking for their first Stanley Cup and the Boston Bruins are looking to add to their collection.

Ravi Kapur & Alejandro Quintana contributed to this report.

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Basketball

Trump calls 50% tariffs by India on US motorcycles unacceptable

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Indian Tariffs unacceptable

WASHINGTON (Diya TV) — President Trump said though India reduced import tariffs on American motorcycles from 100 percent to 50 percent, it is still too high and not acceptable to him.

The Michigan Board of Education voted to approve new social studies standards, which now include Sikhism for the first  time. The new standards will give more than 1.4 million public school students in Michigan context about the Sikh community.

In a list compiled by the New York Times, Palo Alto Networks CEO Nikesh Arora and j2 Global CEO Vivek Shah are two of the top ten highest paid CEO’s amongst U.S. publicly traded companies.

While Arista Networks CEO Jayshree Ullal, Syntel co-founder Neerja Sethi and Confluent co-founder Neha Narkhede are among the richest self-made women according to Forbes.

And Ravi Kapur and Jonathan Choe will recap an eventful night in Toronto, where the Golden State Warriors held off the Raptors in Game 5 of the NBA Finals, after losing their star Kevin Durant to an Achilles injury.

Ravi Kapur & Alejandro Quintana contributed to this report.

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