Savings Effect

A US federal court has struck down a controversial $100,000 H-1B visa application fee, ruling it an unauthorised tax. This decision provides major financial relief to Indian IT professionals and American companies reliant on skilled foreign talent.

“If the company has half a million employees, the day is not far when the company will have half a million AI agents,” he said.

N Chandrasekaran, chairman of TCS, believes that over the next three years the company will have as many artificial intelligence agents as human employees. Addressing the company's 31st AGM, he also said TCS would not hire at the same pace as in previous years.

Driven by a weakening rupee, wealthy Indian families are frontloading their global asset investments early in the financial year to prioritise currency diversification. Wealth managers note that families are actively accelerating these overseas deployments using the LRS and GIFT IFSC structures.