Persistent Systems has reviewed the recent U.S. Executive Order concerning restrictions on H-1B visa applications, dated September 19, 2025. Following their assessment, the company anticipates no significant impact on its operations or financials. They will continue to monitor related developments and provide updates as necessary.

H-1B Visa Application Review

Persistent Systems has analyzed the recent U.S. Executive Order titled ‘RESTRICTION ON ENTRY OF CERTAIN NON-IMMIGRANT WORKERS’ related to H-1B visa applications. This order, dated September 19, 2025, and a subsequent Memorandum dated September 20, 2025, issued by the U.S. Department of Homeland Security, has been thoroughly assessed.

Impact Assessment

Based on their current assessment, Persistent Systems wishes to inform stakeholders that they do not expect any significant impact on the company’s operations or financial standing as a result of the aforementioned Executive Order. The company is committed to monitoring any developments in this area closely. Persistent Systems will provide further updates as appropriate, ensuring transparency and proactive communication.

Source: BSE

Coforge has addressed investor queries regarding the impact of US regulations on H1B visa petitions. In FY25, 53% of the company’s revenue came from the United States. As of June 30, 2025, the company employed 34,187 individuals. Notably, only 65 new H-1B visa petitions were filed in FY25, with 63 being approved. Coforge has been strategically reducing its reliance on new H-1B visas for project staffing.

US Revenue Contribution

In FY25, the United States accounted for 53 percent of Coforge’s total revenue.

Employee Headcount

As of June 30, 2025, Coforge reported a total employee count of 34,187 individuals.

H-1B Visa Trends

Coforge significantly decreased its H-1B visa filings in FY25, submitting only 65 new petitions. Of these, 63 received approval from USCIS. This reflects a strategic initiative to reduce reliance on new H-1B visas for staffing project roles. The company has consciously reduced reliance on new H-1B petitions for project staffing, which is reflected in the low number of fresh petitions filed in FY25.

Source: BSE

Cyient has addressed the potential financial impact of the US Government’s newly announced one-time fee of US$ 100,000 for each new H1B visa petition, effective September 21, 2025. The company anticipates that this fee will not have a material impact on its financials for FY26 and the immediate term. As of FY25, Cyient has only 6 employees deployed on H1B visas.

H1B Visa Fee Impact

Cyient has issued a statement regarding the impact of the recent US Government announcement concerning H1B visa fees. The new policy introduces a one-time fee of US$ 100,000 for each new H1B visa petition.

Financial Implications

According to the company’s assessment, this new fee, effective September 21, 2025, is not expected to have a significant material impact on Cyient’s financial performance for FY26 or in the near future. The company clarified that for FY25, the number of Cyient employees deployed on H1B visas was only 6. Therefore, the limited number of affected employees mitigates the potential financial strain associated with the increased fee.

Strategic Perspective

Cyient emphasizes its commitment to building a global engineering and technology enterprise. The company highlights its approach of fostering talent locally and maintaining a global perspective, which drives market leadership and risk mitigation in today’s evolving environment.

Source: BSE

Firstsource Solutions Ltd. has confirmed that the proposed restrictions related to the H-1B visa program will have no impact on its workforce or business operations. The company emphasizes its zero-dependency on the H-1B program, relying instead on strong local hiring and a globally distributed execution model. Firstsource continues focusing on building a future-ready workforce and delivering scalable, high-value solutions.

H-1B Visa Restriction Impact

Following the proclamation issued by the President of the United States on September 19, 2025, introducing restrictions related to the H-1B visa program, Firstsource Solutions Ltd. (NSE: FSL, BSE: 532809) confirmed that the measures will have no impact on its workforce or business operations. This announcement was made public on September 21, 2025.

Operational Strategy

Firstsource’s talent strategy is built around local hiring and a distributed execution model. This strategy ensures resilience and continuity, regardless of immigration regulations. Firstsource has zero-dependency on the H-1B program for its operations.

Future Outlook

Firstsource remains focused on building a strong, future-ready workforce and delivering scalable, high-value solutions in line with its UnBPO™ vision of technology-led, outcome-driven transformation.

Source: BSE

TVS Motor Company has expanded its product line in Nepal with the launch of the TVS Apache RTR 160 2V Fi and the TVS Raider iGo motorcycles. These new models aim to provide cutting-edge technology, innovative design, and improved riding experiences. The launches reflect TVS’s commitment to offering diverse and appealing products to customers in the Nepalese market.

New Motorcycle Models Launched in Nepal

On September 21, 2025, TVS Motor Company (TVSM) introduced the TVS Apache RTR 160 2V Fi and the TVS Raider iGo in Nepal. The company aims to cater to the evolving needs and preferences of customers in the region, enhancing their riding experience.

TVS Apache RTR 160 2V Fi Overview

The TVS Apache RTR 160 2V Fi is inspired by racing and designed to provide thrilling performance. Key features include dual disc brakes, single-channel ABS, a connected digital cluster, AHO LED headlamp, and three riding modes (Urban, Sport, and Rain). This model is aimed at enthusiasts seeking both thrills and practical features for everyday use. Over 6.5 million customers have chosen the Apache globally.

TVS Raider iGo Overview

The TVS Raider iGo is designed to appeal to young, tech-savvy riders. It features a TFT digital cluster, iGo start-stop technology, a sporty split seat, muscular styling, and enhanced ride quality. The Raider iGo aims to redefine the commuter market by offering a combination of comfort, performance, and smart features.

Color Options

The TVS Apache RTR 160 2V Fi will be available in Matte Blue, Racing Red, and Black. The Raider iGO will be available in Nardo Grey & Wicked Black.

Executive Perspectives

Mr. Rahul Nayak, Senior Vice President – International Business, TVS Motor Company, stated that customers in Nepal value style, technology, and performance. He expressed confidence that the new motorcycles would become the preferred choice for customers in their respective segments, given the robust sales and service network.

Jagdamba Motors’ Perspective

Mr. Sahil Agrawal, Executive Director, and Mr. Akhil Gupta, Director at Jagdamba Motors, highlighted the start of an exciting new chapter for TVS Motor in Nepal with the launch of the TVS Apache RTR 160 2V Fi and TVS Raider iGo. They expect the models to deliver superior performance and design while aligning with the aspirations of young riders and positively impacting the market.

Nepal as a Key Market

Given the increasing popularity of the TVS Apache and TVS Raider series, Nepal remains a vital market for TVS Motor Company. The company continues to focus on providing performance, comfort, technology, and style to meet the needs of younger generations.

Commitment to Customer Satisfaction

TVS Motor Company is dedicated to delivering effective and satisfactory ownership experiences through higher performance, diverse color options, affordable pricing, and a strong network of over 60 sales touchpoints and 26 service centers across Nepal.

Source: BSE

RailTel Corporation of India Ltd. has been awarded a work order from Dredging Corporation of India Limited valued at ₹18,06,20,011 (including tax). The project involves providing seamless offshore internet for DCI vessels & ICCC. The order is domestic in nature and is expected to be executed by January 18, 2026. This new project win enhances the company’s portfolio in the technology and communication sector.

New Work Order Secured

RailTel Corporation of India Ltd. has received a new work order from Dredging Corporation of India Limited for ₹18,06,20,011, inclusive of all taxes. This was confirmed in an official announcement dated September 21, 2025.

Project Details

The work order focuses on providing seamless offshore internet services for DCI vessels and ICCC. Key aspects of the project include:

• Service Type: Provision of Seamless Offshore Internet for DCI vessels & ICCC.
• Nature: Domestic.
• Completion Date: The project is slated for completion by January 18, 2026.

Timeline

The work order was received on September 20, 2025, at 18:41. The project is expected to be completed within the stipulated timeframe.

Source: BSE

Amber Enterprises India Limited announced that its material subsidiary, IL JIN Electronics (India) Private Limited (“ILJIN”), has acquired 100% equity stake in ILJIN Holding Ltd, an Israel-based entity. The acquisition, completed on September 21, 2025, makes ILJIN Holding Ltd a Wholly Owned Subsidiary of ILJIN. This move aims to bolster ILJIN’s strategic international investments and acquisitions by establishing a dedicated investment platform.

Strategic Acquisition Details

IL JIN Electronics (India) Private Limited (“ILJIN”), a material subsidiary of Amber Enterprises India Limited (“Amber”), has successfully acquired 100% ownership of ILJIN Holding Ltd. This acquisition was finalized on September 21, 2025. ILJIN Holding Ltd is a company incorporated in Israel on September 7, 2025.

Terms of the Acquisition

As part of the transaction, ILJIN acquired 100 ordinary shares of ILJIN Holding from Mr. Gary Sussman, the previous shareholder, representing all of the shareholding. Consequently, ILJIN Holding Ltd is now a Wholly Owned Subsidiary of ILJIN and a Step-down Wholly Owned Subsidiary of Amber Enterprises India Limited.

Purpose of ILJIN Holding Ltd

ILJIN Holding Ltd was established as a Special Purpose Vehicle (SPV) to function as a dedicated investment platform for ILJIN. Its primary purpose is to support and facilitate ILJIN’s strategic international investments and acquisitions. This acquisition aligns with ILJIN’s strategy for international growth and investment opportunities.

Rationale for the Acquisition

The acquisition of ILJIN Holding Ltd is aimed at streamlining and enhancing ILJIN’s ability to pursue strategic international investments. By establishing a dedicated investment platform, ILJIN can more effectively manage and execute its global investment strategies. This move is expected to strengthen ILJIN’s position in the international market and support its long-term growth objectives.

Source: BSE

Indian Railway Catering and Tourism Corporation (IRCTC) has announced a reduction in the Maximum Retail Price (MRP) of its Rail Neer bottled water. This revision is due to the decrease in Goods and Services Tax (GST) on packaged drinking water from 18% to 5%. The new prices are effective from September 22, 2025.

Rail Neer Price Reduction

The Indian Railway Catering and Tourism Corporation (IRCTC) has announced a revision in the Maximum Retail Price (MRP) of Rail Neer bottles. This change follows a reduction in the Goods and Services Tax (GST) on packaged drinking water, which has decreased from 18% to 5%.

New Pricing Details

Effective September 22, 2025, the revised MRP for Rail Neer bottles are as follows:

* 1000 ml Bottle: ₹14 (previously ₹15)
* 500 ml Bottle: ₹9 (previously ₹10)

This price revision reflects the reduced tax burden, and IRCTC is passing the benefit directly to railway passengers. The company stated that this revision is in accordance with government directives.

Source: BSE

Wipro Limited celebrated the 20th edition of the Spirit of Wipro Run, uniting over 62,000 participants worldwide. The event, held across more than 100 cities including Bengaluru, New Jersey and Dubai, promotes wellbeing and community engagement. The run included employees, families, clients and partners. The registrations facilitated a corporate contribution to Wipro Cares, supporting over 85 non-profit organizations.

Global Participation and Purpose

Wipro Limited marked a milestone by hosting the 20th Spirit of Wipro Run. This year’s event saw the participation of over 62,000 individuals globally, consisting of Wipro employees, their families, friends, and valued clients and partners. The event was held in over 100 cities worldwide.

Leadership Involvement

Rishad Premji, Executive Chairman, Wipro Limited, inaugurated the event at Sree Kanteerava Stadium in Bengaluru. Srini Pallia, Chief Executive Officer and Managing Director, Wipro Limited, participated in the run in East Brunswick, New Jersey.

Community and Social Impact

The Spirit of Wipro Run fosters unity within global communities. Each registration results in a corporate contribution via Wipro Cares, benefiting over 85 non-profit organizations. These partnerships focus on healthcare initiatives, access to education for underprivileged communities, and environmental sustainability. A custom-built platform manages registrations, ensuring a seamless participant experience.

Run Coverage

The Spirit of Wipro Run took place in over 100 locations worldwide, including key cities such as Bengaluru, New Jersey, Toronto, London, Zurich, Dubai, Singapore, and Sydney. In Bengaluru, the Spirit of Wipro Run was integrated with the Wipro Bengaluru Marathon. The 12th edition of the Marathon featured over 35,000 runners. In 2025, Wipro marked its third consecutive year as the title sponsor of the Wipro Bengaluru Marathon.

Source: BSE

Zydus Lifesciences has received the Establishment Inspection Report (EIR) from the USFDA for its oncology injectable manufacturing facility in SEZ1, Ahmedabad. The inspection, conducted from June 9th to 18th, 2025, resulted in the facility being classified as Voluntary Action Indicated (VAI). This is a revision from the previous classification of Official Action Indicated (OAI) in June 2024.

USFDA Inspection Outcome

Zydus Lifesciences announced that its oncology injectable manufacturing facility located in SEZ1, Ahmedabad, has received an Establishment Inspection Report (EIR) from the USFDA. This follows a GMP follow-up inspection that occurred between June 9th and June 18th, 2025.

Voluntary Action Indicated

The USFDA has classified the facility as Voluntary Action Indicated (VAI). This new classification revises an earlier classification in June 2024. Previously, the facility was classified as Official Action Indicated (OAI), however it now falls under the VAI category.

Source: BSE