Shares of Tata Motors Passenger Vehicles Ltd (TMPV) fell around eight per cent on Wednesday, making it one of the worst-performing stocks on the benchmark indices, as investors reacted negatively to the FY27 outlook presented by Jaguar Land Rover (JLR), the company's key earnings contributor.Jaguar Land Rover Defender 90 is pictured at a steep track during a demo at the Frankfurt Motor Show. (REUTERS File)JLR accounts for a significant share of TMPV's revenue and profitability, making its guidance closely watched by investors.What triggered the Tata Motors sell-off?The decline followed JLR's Investor Day presentation, where the carmaker outlined its FY27 expectations.Investors were disappointed by the company's profitability and cash flow outlook, which came in below market expectations despite management's long-term growth plans.According to reports, the guidance signalled that earnings recovery at JLR could take longer than anticipated, prompting investors to reassess TMPV's near-term prospects.Concerns over margins and cash flowA key concern was JLR's focus on cost savings and restructuring measures amid a challenging global environment.The company has launched a multi-year cost-reduction programme and is working to lower its breakeven point, reflecting management's caution about demand conditions and profitability pressures.Investors interpreted the move as a sign that margins could remain under pressure in the near term.JLR has also flagged several headwinds, including tariff-related uncertainties, weakness in China's premium vehicle market, changing consumer demand patterns and the ongoing transition to electric vehicles.These factors have raised concerns about the pace of earnings growth from the luxury vehicle business.Why JLR matters for Tata MotorsJLR remains the biggest contributor to the Tata Motors group, accounting for the bulk of its revenue and earnings. As a result, any downgrade in JLR's growth, margin or cash-flow expectations tends to have a direct impact on investor sentiment towards TMPV shares.What lies ahead?Despite macroeconomic and geopolitical uncertainties, Tata Motors Passenger Vehicles (TMPV) remains optimistic about its growth prospects for FY27. In his letter to shareholders in the company's 2025-26 annual report, Chairman N Chandrasekaran said the automaker is entering the new financial year with confidence, backed by a strong pipeline of upcoming launches and a multi-powertrain strategy.Chandrasekaran said the company would continue to focus on delivering industry-leading growth while strengthening its commitment to safety, sustainability, quality and customer satisfaction. He added that TMPV aims to remain resilient and agile amid an uncertain global environment.The chairman also highlighted ongoing collaboration between TMPV and its British luxury vehicle arm Jaguar Land Rover (JLR). The two companies will continue to work together on manufacturing, technology and talent development, with a focus on improving scale efficiencies, accelerating learning and maintaining capital discipline, he said.

Foreign investors have purchased nearly 10,000 crore of Indian bonds over the past four trading sessions following the government’s decision to fully exempt taxes on gains from eligible debt investments and the central bank decision to expand the investable universe, data published by CCIL showed. Bond yields have cooled in tandem.This marks a significant reversal from the stance taken by foreign investors that had been pulling out from India’s debt and equity markets in the recent months. Since the start of the US-Israel war on Iran, FPIs have net sold over 10,119 crore of debt. ET Bureautax relief payoffFPIs lap up bonds worth 10,000 cr in four sessionsForeign investors have injected nearly ₹10,000 crore into Indian bonds in four sessions, reversing recent outflows. This surge follows tax exemptions on eligible debt gains and expanded investment options. Bond yields have subsequently declined, signaling a positive shift in investor sentiment towards India's debt market.On an average, the daily selling ranged around 1,000 crores, with only sporadic bouts of buying. Measures announced by the government and Reserve Bank of India (RBI) have helped reverse the sentiments encouraging foreign investors to bet on India’s debt market.
A US federal judge blocked President Trump's $100,000 fee on H-1B visa applications, ruling it violated separation of powers. The decision favors employers and foreign skilled workers, particularly benefiting Indian professionals amidst ongoing debates about the program's impact on American jobs.Federal Judge Blocks Trump's $100K Fee on H-1B Visa Sponsorship for Employers(Reuters)President Donald Trump's plan to charge employers a $100,000 fee for sponsoring foreign workers under the H-1B visa programme was blocked by a US federal judge on Monday.US District Judge Richard Stearns ruled that the proposed payments for H-1B visa applications introduced through a September 2025 proclamation violated the principle of separation of powers.Stearns' ruling came six months after a federal judge in Washington, D.C., backed the Trump administration in a similar lawsuit brought by the US Chamber of Commerce. The judge ruled that Congress had given the president the power to impose the proposed $100,000 fee on employers hiring foreign workers.What is H-1B visa?The H-1B visa program allows employers to petition for high-skilled foreign workers to temporarily fill positions in speciality occupations that require at least a bachelor's degree.In petitioning for an H-1B worker, the employer must submit an application, certified by the US Department of Labour, that employment of the H-1B worker will not negatively affect the wages and working conditions of similarly employed US workers, according to the State of California Department of Justice.The US Congress limits the number of H-1B visas available each year for most private employers, with the current cap set at 65,000, with an exemption of 20,000 for individuals with a master's degree or higher.In September 2025, Trump issued a proclamation introducing a USD 100,000 fee on new H-1B visa applications.What September 2025 proclamation said?Trump and his allies argued that the program has been exploited to bypass or lay off American workers in favour of hiring foreign employees for lower wages."Abuses of the H-1B program present a national security threat by discouraging Americans from pursuing careers in science and technology, risking American leadership in these fields," Trump contended in his proclamation.‘A sigh of relief but…’"All stakeholders connected with H-1B visas will heave a sigh of relief after the court order, but one wonders if this is truly the end of the matter," Sanjeev Joshipura, Executive Director, Indiaspora, told PTI.He, however, struck a note of caution, saying the US administration might still create hurdles for H-1B visa holders through procedural matters that may not run afoul of the law."If the executive branch wishes to impose impediments on H-1B visa holders, as per the administration's stated policy preferences, then they might still be able to do so through procedural means that do not run afoul of US law," he said, citing the recent tussle between the administration and the judiciary.What it means for Indians?Indian nationals account for the vast majority (roughly 70-72%) of all U.S. H-1B visas issued. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. And, hence, the ruling is particularly significant for Indian professionals.The proposed $100,000 fee could have made H-1B hiring substantially more expensive, prompting many employers to scale back or reconsider sponsoring foreign professionals.The ruling brings relief to both employers and Indian professionals - engineers, software developers, researchers, doctors and other skilled workers - seeking H1B visa.About the AuthorSanchari GhoshSanchari Ghosh is an Assistant Editor at Mint with over 12 years of experience in journalism, specialising in personal finance, DLT & DeFi, geopolitics and foreign policy, with a particular emphasis on how these areas intersect. She writes extensively about how money works in everyday life—helping read
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