Indian IT stocks are expected to face a sell-off following President Trump’s increase in H-1B visa costs, potentially impacting profitability and prompting companies to rethink hiring strategies. While larger firms may manage, mid-tier companies heavily reliant on new visas could experience a sharper impact.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding