Business

Industry body Nasscom on Saturday raised concerns over the US administration’s decision to increase the H-1B visa fee to $100,000, saying that it could disrupt Indian technology services companies and their onshore projects.The organisation also criticised the tight September 21 implementation date, warning that a one-day deadline creates “considerable uncertainty for businesses, professionals, and students…

The ministry of consumer affairs, food & public distribution has activated a dedicated GST category on the INGRAM portal to address consumer queries and complaints related to the revised GST charges, rates, and exemptions effective from September 22, 2025.The move aligns the National Consumer Helpline (NCH) with the Next-Gen GST Reforms 2025, approved during the…

India’s pharmaceutical market grew 8.1% in August as compared with the same month last year, according to data from IQVIA quoted in an HDFC Securities report. The growth follows a 7.1% rise in July and is close to the 8% pace seen through FY25. However, unit sales in August slipped 0.8%.The steady performance was led…

Maharashtra has emerged as the leading hub of wealth creation in India, with 1,78,600 millionaire households, marking a 194 per cent increase since 2021, according to the Mercedes-Benz Hurun India Wealth Report 2025. The state’s growth is strongly supported by a 55 per cent surge in its Gross State Domestic Product (GSDP) since 2020-21, with…

H-B visa fee hike: This decision could notably affect Indian IT professionals and workers in the United States. H-B visa fee hiked! The Donald Trump administration sent shockwaves across the technology sector – particularly Indian IT, by substantially hiking the fee for H-1B visas. The revised regulations mandate organisations recruiting foreign professionals on H-1B visas…

Container freight rates are expected to remain subdued for the rest of FY26 as uncertainty in global trade continues, driven by US President Donald Trump’s unpredictable tariff policies, industry experts said. According to ET, exporters rushed shipments to the US ahead of the August 27 deadline for a steep 50% tariff on Indian goods, targeting…

BENGALURU: BharatGen, India’s first government-backed multimodal sovereign AI initiative, was awarded Rs 988.6 crore in funding by the ministry of electronics and information technology (MeitY). The announcement was made by Union IT minister Ashwini Vaishnaw in New Delhi on Friday. The allocation makes BharatGen the largest beneficiary of the Rs 1,500 crore IndiaAI Mission 2025,…

Adani Group companies gained over Rs 66,000 crore in market cap in a single session on Friday, fuelled by a buying frenzy following Sebi’s clean chit in the Hindenburg case. The gain marked the best day for the Gautam Adani-led group’s stocks since May, Bloomberg reported.The regulator’s order, which dismissed allegations of stock manipulation and…

NEW DELHI: Japanese credit rating agency Rating and Investment Information (R&I) on Friday upgraded India’s long-term sovereign credit rating to ‘BBB+’ from ‘BBB’ and retained the “stable” outlook, citing growth prospects, progress on fiscal consolidation, and reforms undertaken by govt. This is the third upgrade by a sovereign credit rating agency this year, following S&P’s…

NEW DELHI: Apple‘s new-gen iPhone17 smartphone had a bumper opening in India with top variants – Pro and Pro Max – getting sold out across many locations as the American giant also grew fastest in first half of the year, ahead of mass brands, such as Vivo, Oppo, and realme.iPhone sales in the Jan-June’25 period…