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Tata Group Under Pressure: U.S. Visa Fees and Cyberattack Wipe Out $75 Billion in Value
Indian conglomerate Tata Group is facing one of its toughest years in recent memory. The combined market capitalization of its 16 publicly traded firms has plunged by more than $75 billion, with over $20 billion lost since September 19 alone. The sharp downturn is being driven by new U.S. visa restrictions and a crippling cyberattack on Jaguar Land Rover.
Visa Shock from the U.S. The hardest hit has been Tata Consultancy Services (TCS) — the crown jewel of the group and a symbol of India’s tech power. TCS shares dropped more than 8% last week, marking their worst performance since 2020. Other Indian IT giants like Infosys and Wipro also suffered. The trigger was President Donald Trump’s move to raise the H-1B visa fee to $100,000, dramatically increasing costs for Indian IT firms operating in the U.S. Analysts at Bloomberg Intelligence warned that companies such as TCS may stop pursuing contracts requiring extensive on-site presence in America — a shift that could weigh heavily on growth over the coming quarters.
Cyberattack Cripples Jaguar Land Rover Another blow came from a cyberattack that paralyzed Jaguar Land Rover (JLR) production plants. The automaker confirmed that vehicle output will remain suspended until at least October 1, losing around $70 million per week. According to the Financial Times, JLR had no cyberattack insurance coverage, meaning the company must absorb the full cost of the disruption. The UK government stepped in, pledging a loan guarantee of up to £1.5 billion ($2 billion) to help JLR stabilize its supply chain. Still, analysts warn that if production remains halted until November, revenue losses could exceed $4.7 billion.
Wider Impact Across the Group Shares of 12 out of Tata Group’s 16 companies are down this year. Tejas Networks has lost half its market value, while Trent and Nelco have each dropped by nearly one-third. Geopolitics adds further strain. U.S.-India relations have soured after Washington imposed new tariffs on Indian goods, while New Delhi has continued purchasing Russian oil — fueling additional trade tensions.
#stockmarket , #cyberattack , #TRUMP , #Tariffs , #CryptoNews
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