Category: Uncategorized

IT stocks plummet as Trump increases H-1B visa costs

Information technology stocks faced a downturn on Monday, pulling market indices down due to President Trump’s decision to increase H-1B visa costs. The Nifty IT index experienced a significant drop, with major companies like Infosys, TCS, and Wipro declining. This move heightened concerns about the sector’s growth prospects, already facing uncertainty from AI and a […]

Insurers plan performance-linked battery cover as EVs gain traction

Insurers are adapting motor insurance for electric vehicles (EVs) to address battery-related risks, a major EV cost component. Performance-linked battery failure coverage is being developed, unlike internal combustion engine (ICE) vehicles where claims are mainly accident-related. Insurers are collaborating with automakers to create specialized covers, including residual charging protection and performance guarantees, reflecting the unique […]

Sebi moves to fix ‘glitches’ in online trading platform rules

SEBI is proposing changes to the framework for technical glitches in stockbrokers’ online trading systems, excluding issues outside trading hours or beyond their control. The new rules will apply to brokers with over 10,000 clients, exempting 457 smaller firms. Financial penalties will be waived for glitches with minor operational impacts, and exchanges will disclose glitch […]

How will Trump’s $100,000 H-1B levy impact Indian IT earnings?

Brokerages anticipate a limited impact on Indian IT companies’ earnings due to Donald Trump’s $100,000 H-1B levy. They expect increased offshoring and localization to largely compensate for the levy. Nomura, Kotak, and BofA suggest accumulating large-cap stocks like Infosys and TCS during market dips, viewing the disruption as temporary.

RBI economists back pause on rates as inflation cools, growth stays strong

Economists are largely suggesting the Reserve Bank of India (RBI) to pause policy rates, encouraged by lower inflation and strong economic growth. Market participants are expected to advocate for a rate reduction, aligning with the US Federal Reserve’s recent cut. The monetary policy committee is scheduled to meet, with the rate decision to be announced […]

Rupee falls 12 paise to close at 88.28

The Indian rupee weakened to 88.28 against the dollar on Monday, influenced by concerns over Trump’s H-1B visa fee hike and its potential impact on Indian remittances. Traders fear the increased visa costs could lead to equity outflows from the IT sector and pressure the rupee.

Retail investors flock to Fund of Funds schemes for tax breaks and diversification

Retail investors are increasingly investing in fund of funds (FoFs) due to tax benefits, diversification, and easy access to multiple fund managers. Inflows have surged this financial year, driven by post-budget tax rule changes. FoFs offer flexibility in asset allocation and fund manager selection, though they come with an additional layer of expense.

CBIC asks staff to track prices before, after GST cut

The CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from retailers and e-commerce platforms to ensure that the tax benefits are passed on to consumers.

‘Govt’s market borrowings for H2 to remain unchanged from budgeted estimates’

Nomura projects stable government borrowing for the second half of fiscal year 2026. The borrowing calendar is expected soon after discussions with the Reserve Bank of India. Chief Economic Advisor, V Anantha Nageswaran, confirmed no changes. Nomura anticipates a shift towards shorter-term bonds. Direct tax collections rose by 9.2% in H1FY26.