Tata Group Loses $75 Billion in Market Value Amid Visa Fee Hikes and Cyberattack
Tata Group's market capitalization plunged to a two-year low, shedding $75 billion across its 16 publicly traded companies. The downturn accelerated after September 19 when stricter U.S. work visa rules impacted Tata Consultancy Services (TCS), wiping out over $20 billion in value. TCS shares plummeted 8% last week—their worst performance since 2020—as H-1B visa fee increases pressured Indian tech firms including Infosys and Wipro.
Bloomberg analysts warn service-focused companies like TCS may avoid U.S.-centric contracts, jeopardizing future revenue. Meanwhile, a cyberattack disrupted Jaguar Land Rover operations, further denting Tata Motors' valuation. The dual shocks highlight systemic vulnerabilities in globalized tech and manufacturing sectors.
