US visa curbs, weak demand lead to decline in IT stocks
BENGALURU: Some Indian IT stocks took a hit on BSE after US President Donald Trump’s latest proclamation on the H-1B visa, deepening concerns in an already fragile demand environment. TCS and Tech Mahindra led the losses among the top five IT firms, each falling more than 3%. HCLTech saw the least decline at 1.8%. Among…
Trump’s H-1B visa crackdown: Why $100,000 fee will hit TCS, Infosys – explained
The proposed $100,000 fee for fresh H-1B workers by Trump could severely impact IT outsourcing and staffing sectors. (AI image) US President Donald Trump’s crackdown on immigration and H-1B visas will hit Indian IT firms, particularly Tata Consultancy Services (TCS) and Infosys, analysis suggests. According to a Bloomberg News study, the impact would be particularly…
Trump pressure piles on: EU aims to quickly phase out Russia LNG imports; reluctant to hit India, China with tariffs
The Trump administration has been pushing European allies to accelerate their reduction of Russian fuel imports. (AI image) Looking to pressurise Russia, the European Union is now looking to hasten its phaseout of Russian liquefied natural gas imports. The new plan aims to stop imports of Russia’s LNG ahead of its original 2027 deadline, following…
SBI wins two awards at global fin event
MUMBAI: SBI received two awards from Global Finance , New York – World’s Best Consumer Bank 2025 and Best Bank in India 2025 – at the Global Finance awards held during the World Bank and IMF annual meets. The recognition, according to the bank, reflects its progress in digitalisation and financial inclusion.
Stock market today: Nifty50 opens flat; BSE Sensex near 85,100
Analysts believe that In the near term, major resistance for the Nifty is placed at 26,325. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday on weak global cues. While Nifty50 was above 26,000, BSE Sensex was near 85,100. At 9:16 AM, Nifty50 was…
Gold price prediction today: Will stellar gold rally run continue in the near term? Here’s the outlook
Gold is still poised to continue its bull run as it may test a level $ 3,950 – 4,000 per oz in spot markets by the end of 2025. (AI image) Gold price prediction today: Gold and silver prices are poised for a long-term bull run, though there may be short term volatility due to…