Tata Group sheds $75 billion as visa fees and cyberattack hit hard
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India’s Tata Group has seen its market value plummet by more than $75 billion this year, with recent weeks bringing especially sharp losses as the conglomerate grapples with new American visa restrictions and a damaging cyberattack on its luxury car operations. The total market worth of the conglomerate’s 16 publicly traded companies fell to its lowest point in almost two years on Friday, according to data from Bloomberg. More than $20 billion of this year’s decline, representing over one-fifth of the total loss, has occurred since September 19, when President Donald Trump introduced stricter rules for work visas to the United States. The changes have particularly affected Tata Consultancy Services. Tata Consultancy Services, widely regarded as the jewel in the group’s crown and a representation of India’s technology strength, has suffered the heaviest losses. The company’s shares dropped more than 8% last week, marking its worst weekly performance since 2020. The stock declined for five straight trading sessions alongside other major Indian tech firms Infosys and Wipro after Trump increased fees for H-1B visas. Analysts Anurag Rana and Andrew Girard from Bloomberg Intelligence explained in a research note that these companies might avoid bidding on contracts requiring significant on-site presence in America, which could damage new contract acquisitions over the coming quarters. They noted that companies like TCS that focus purely on services face the greatest danger. Cyberattack cripples Jaguar Land Rover Tata Motors also took a hit following a cyberattack that paralyzed operations at Jaguar Land Rover facilities. The luxury automaker later received support from the United Kingdom government for a $2 billion loan designed to help ease financial pressure on its suppliers. The automaker has said vehicle production at its plants will not resume until October 1 at the earliest. Reports from the BBC indicate the shutdown is…
Filed under: News - @ September 29, 2025 9:25 am