HCL GROUP
Trump’s $100,000 visa targets a $280 billion India success story
Donald Trump's new order imposing a $100,000 fee for H-1B visa applications threatens India's $280 billion outsourcing industry, impacting firms like TCS and Infosys. This move, seen as a geopolitical strategy, strains India-US relations and raises costs for American corporations. While Indian firms have adapted, the H-1B visa remains crucial for client relationships and sensitive projects.
Stocks in news: TCS, Infosys, Wipro, YES Bank, Shipping Corp, GRSE
Indian equities rose for the third week due to positive domestic and global cues, including optimism about India-US trade talks and a potential US Federal Reserve rate cut. However, concerns arose from Trump's H-1B visa policy. YES Bank gained confidence from SMBC's stake purchase, while IT stocks faced pressure. NTPC aims to secure uranium assets, and ONGC plans offshore drilling.
Trump plans to hike fees on H-1B visas that bring tech workers to US
The president on Friday signed a proclamation that will require a $100,000 annual fee for H-1B visas - meant for high-skilled jobs that tech companies find hard to fill. He also rolled out a $1 million "gold card" visa for wealthy individuals, moves that face near-certain legal challenges amid widespread criticism he is sidestepping Congress.
Sensex sheds over 300 pts, Nifty50 below 25,350 as D-St snaps 3-day rally
Indian stocks experienced a slight downturn on Friday, halting a three-day rally. The Sensex and Nifty 50 indices both opened lower, influenced by tempered enthusiasm regarding potential U.S. Federal Reserve rate cuts and the advancement of trade discussions between India and the United States. Investors are adopting a cautious approach after recent gains.
Edtech firm Educational Initiatives acquires Open Door Education for undisclosed amount
Educational Initiatives (Ei), which has built tools to measure and improve learning outcomes of students through Ei ASSET, Ei Mindspark, and Ei CARES, operates on a B2B model and has about 1,000 schools on its network. Besides India, Ei has operations in the UAE, South Africa, Qatar, and Kuwait.
Groww to file updated IPO papers; Indian IT’s new direction
Happy Monday! Groww will file its updated IPO papers soon, eyeing a November listing. This and more in today’s ETtech Morning Dispatch.
- Go To Page 1
India’s IT eyes chip, electronics foray to glide over growth bumps
Experts say that it's a good strategy to de-risk the business, especially when multiple concerns cloud the industry. India’s strong push in this area also makes it a good opportunity for these companies since they already service some of the largest chip manufacturing and design companies globally.
Who gets what? Inside India Inc.’s $1.5 trillion family fortune shuffle
India is witnessing a massive generational wealth transfer, with families like the Adanis and Ambanis planning leadership transitions. While some, like the Godrejs, opt for amicable splits, others, such as the Modis, face bitter feuds. This $1.5 trillion shift highlights the complexities of blending tradition with modern aspirations in Indian family businesses, where loyalty and trust often outweigh financial structures.
At $88.5 billion, Larry Ellison made more money in 1 day than Gautam Adani's net worth
Larry Ellison's wealth surged by $88.5 billion on Wednesday, marking the largest single-day increase ever recorded by Bloomberg's Billionaires Index, driven by Oracle's stock rally. This surge, fueled by optimistic forecasts for cloud infrastructure revenue growth and significant AI-related contracts, briefly propelled Ellison past Elon Musk as the world's richest person. Oracle's market value soared, nearing the $1 trillion mark.
Larry Ellison beats Elon Musk in billionaire's game. Is Oracle ready to dethrone Tesla from the world's top 10 list?
Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world's richest person. This happened after Oracle shares surged, increasing the company's market value significantly. Oracle's rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the dynamic nature of wealth rankings.
Market Wrap: Sensex jumps 324 points; Nifty 50 tops 24,950, extends rally to day 6 on US-India trade talk hopes
Indian equities extended their winning streak on Wednesday, with the Nifty notching a sixth consecutive day of gain, after U.S. President Donald Trump said his administration is continuing negotiations to address trade barriers with India
Sensex jumps over 400 pts, Nifty50 tops 25,000 after Trump revives trade talks with India
Indian stocks began Wednesday on a positive note, as the Nifty extended its winning streak for the fifth consecutive day. Optimism surrounding potential goods and services tax reductions, coupled with the resumption of trade discussions between the United States and India, boosted market sentiment. The S&P BSE Sensex and NSE Nifty 50 both experienced gains at the opening.
Chips fall in place for India: Ten approved semicon units across nation, projects underway
The total approved semiconductor projects' cumulative investments have reached around Rs 1.6 lakh crore in six Indian States.
Easing of rare earths bottlenecks may clear way for Indian electronics firms
China's decision to ease export curbs on rare earth metals offers a significant boost to India's electronics industry, potentially stabilising costs and fostering advanced manufacturing. This move alleviates supply chain disruptions previously experienced by Indian companies, particularly in the EV and wearables sectors.
Cabinet nod for Online Gaming Bill; Bluestone’s listing day gains
Cabinet approved the Online Gaming Bill, outlawing online money games. This and more in today's ETtech Top 5.
Ambanis lead 2025 Hurun India Most Valuable Family Businesses list with valuation near one-twelfth of India’s GDP
The Ambani family topped the 2025 Barclays Private Clients Hurun India Most Valuable Family Businesses list for the second year in a row with a valuation of ₹28.2 lakh crore—roughly one-twelfth of India’s GDP. The Bajaj family retained second place with ₹8 lakh crore, followed by the Kumar Mangalam Birla family at third with ₹6.5 lakh crore.
Rs 5.6 lakh crore shock! Tata crown jewel hits worst patch since 2008 crisis. Time to panic or buy the fear?
TCS faces its steepest decline since 2008, losing ₹5.6 lakh crore in market value as FIIs exit IT stocks amid weak demand and AI disruption. While Nifty IT plunges 25% in 2025, mutual funds raise stakes, seeing value in TCS’s reset valuations and strong dividend yield.
India focuses on mature-node fab manufacturing to tap automotive, telecom, industrial electronics sectors
India is strategically focusing on mature-node semiconductor manufacturing (28nm-65nm) to meet the rising demand in automotive, telecom, and industrial sectors. The country aims to become a reliable alternative in the global supply chain, leveraging its system integration capabilities and a robust ecosystem.
Just hold a good business for the long term, irrespective of the noise; ignore the cap. 13 stocks with an upside potential of up to 51%
In times of uncertainty and turbulence in the market, large caps are a safe bet. They generally see lesser downturn in a correction because they are established entities with stable and diverse markets that ensure some growth under most circumstances. They are thus wealth protectors in a bearish market. Now, you are in the market not just to protect your wealth, but also to make some. And it is in times of gloom and doom, when the news is all negative… that it is best to pick up good mid- and small-cap stocks. When the bulls return, they will rally better than large-caps. So, focus less on market cap and more on the business you intend to buy.
IIT Bhubaneswar to set up research lab with investment of Rs 45 crore in SiCSem semiconductor unit
This will be the first commercial compound fab in the country. The project proposes to manufacture Silicon Carbide devices. This compound semiconductor fab will have an annual capacity of 60,000 wafers and a packaging capacity of 96 million units, according to the official release.
June quarter results review: Sectors show mixed performance amid subdued demand
June quarter results show mixed performance across sectors. Automobiles, banking, and IT faced demand challenges. Cement, metals, and pharma saw gains. Mahindra and Mahindra excelled in automobiles. Public sector banks maintained asset quality. Ultratech reduced production costs. Infosys and HCL Technologies revised revenue guidance. Reliance Industries reported strong operating profit. Sector performance varied due to diverse economic factors.
First made in India chip to be rolled out soon: Ashwini Vaishnaw
India is set to produce its first indigenous chip soon. Six semiconductor plants are under construction across Gujarat, Assam, and Uttar Pradesh. The India AI mission makes AI accessible with affordable GPU access. The government prioritizes self-reliance in technology. India is now a top smartphone supplier to the US.
FII selling crosses Rs 50,000 crore in IT stocks in 2025. Is tech dead money or just misunderstood?
FIIs have heavily sold Indian IT stocks in 2025, causing a significant downturn and making it the worst-performing sector. Disappointing earnings and layoffs have fueled the sell-off, impacting major companies like TCS. While valuations are now more attractive, analysts are cautiously optimistic, suggesting a potential tactical bounce but emphasising the need for a new technology cycle for a sustained recovery.
FIIs just pulled out $4 billion from 5 sectors. Should you join the selling spree?
Foreign institutional investors triggered a significant selloff of $4.17 billion in July, heavily impacting Indian equity markets, particularly the IT sector, which saw outflows exceeding $2 billion. Disappointing Q1 results and global economic headwinds fueled the selling pressure across financials, realty, and auto sectors.
Semiconductor mission pushes India from being aspirant to becoming global powerhouse
India is rapidly transforming its semiconductor landscape with the India Semiconductor Mission, aiming to become a global hub for chip manufacturing and design. With significant investments and incentives, the nation fosters domestic production, attracts major players, and cultivates a skilled workforce. This strategic push reduces import dependence and strengthens India's position in the global semiconductor supply chain.
Trent, TCS shares worst Nifty performers in 2025. Why 2 Tata stocks are down at least 25% this year
Trent’s sharp growth slowdown has prompted analyst downgrades. Nuvama cut the stock to ‘Hold’ and slashed its FY26/27 estimates and target price. HSBC trimmed its target too, citing a weaker-than-expected Q1. With both Trent and TCS under pressure, the Tata Group is facing rare underperformance, highlighting how even blue-chip names are vulnerable to shifting market dynamics.
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex closed down 542.47 points at 82184.17
Can Infosys maintain its momentum after reporting strong June 2025 quarter growth?
Infosys showcased robust sequential revenue growth in the June 2025 quarter, driven by a lower base, improved pricing, and higher utilization, outperforming its peers. The company revised its FY26 constant currency revenue guidance upwards to 1-3% due to strong new deal wins.
Stock market update: FMCG stocks down as market falls
The 30-share BSE Sensex was down 19.2 points at 82181.14
Load More
