Mumbai: The combined market valuation of seven of the country’s 10 most valued companies climbed by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers in an upbeat equity market.

During the week, the BSE benchmark index surged 721.53 points, or 0.88 per cent — reflecting strong investor sentiment. Among the gainers, the market value of State Bank of India jumped by Rs 35,953.25 crore to reach Rs 7,95,910 crore, while Bharti Airtel’s valuation rose by Rs 33,214.77 crore, taking it to Rs 11,18,952.64 crore.

Tata Consultancy Services (TCS) added Rs 12,952.75 crore, pushing its market capitalisation to Rs 11,46,879.47 crore. Life Insurance Corporation of India (LIC) also advanced Rs 12,460.25 crore to Rs 5,65,612.92 crore, while Infosys climbed Rs 6,127.73 crore to Rs 6,39,901.03 crore.

HDFC Bank recorded a marginal rise of Rs 230.31 crore, with its valuation standing at Rs 14,84,816.26 crore. On the losing side, ICICI Bank’s market value declined by Rs 10,707.87 crore to Rs 10,01,654.46 crore. Bajaj Finance lost Rs 6,346.93 crore, slipping to Rs 6,17,892.72 crore and Hindustan Unilever shed Rs 5,039.87 crore to Rs 6,01,225.16 crore.

At the end of the week, HDFC Bank remained among the most valued company, followed by TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.

Meanwhile, in the previous week ended September 7, the combined market valuation of seven top firms had risen by Rs 1,06,250.95 crore, with Bajaj Finance emerging as the biggest gainer as the BSE benchmark jumped 901.11 points, or 1.12 per cent.

In the previous week, Bajaj Finance’s market value jumped by Rs 40,788.38 crore to reach Rs 6.24 lakh crore. Infosys added Rs 33,736.83 crore, taking its valuation to Rs 6.33 lakh crore.

Last Updated:September 21, 2025, 11:41 IST

Several leading IT giants in India like Tata Consultancy Services, Infosys, Wipro, and HCL Technologies have consistently been among the top employers of the H-1B visa holders

Under a proclamation that takes effect on 21 September 2025, employers will now need to pay a $100,000 fee for every H-1B worker entering the US.

H1b Latest News: Indian IT companies have mainly relied on the US market for their business, and the H-1B visa is of significant importance for them. Though the Indian tech companies’ dependence on H-1B visas have fallen in the past few years, the firms still account for nearly 13% of all such visas issued by the US. According to the latest data available on the website of the US Citizenship and Immigration Services, Indian tech companies secured 13,870 or nearly 13 per cent of all H-1B visas issued in FY25 till June 30, 2025.

According to the data, Tata Consultancy Services (TCS) and Infosys emerged as the top recipients of H-1B visas.

Data from the US Immigration Department showed that of the total 1,06,922 H-1B visas issued to various employers in FY25 till June 30, 2025, about 13,870 (or 13% of the total) went to companies of Indian origin. TCS led the way with 5,505 beneficiaries, followed by Infosys with 2,004, LTIMindtree with 1,807, and HCL America with 1,728.

Among others, Wipro’s H-1B visa beneficiaries stood at 1,523, followed by Tech Mahindra Americas with 951, and L&T Technology Services with 352.

H-1B dependency of Indian IT companies falls

However, the number (13,870 H-1B visas for Indian companies) is significantly lower now as compared with about 24,766 H-1B visas went to the Indian companies till September 2024.

Which company got the most H1B visas?

Amazon.com Services LLC, an American company, received the highest number of US visas, obtaining 10,044 H1B visas. The Indian company, TCS, secured the second position, while Microsoft ranked third with 5,189 visas. Although Cognizant was founded in Chennai, its headquarters is now located in New Jersey, USA.

Indian Companies Benefit from H1B Visa Programme

The H1B visa programme permits companies to temporarily employ foreign professionals in specialised roles. India’s technology companies have particularly benefited from this programme.

Major Indian IT service companies such as Tata Consultancy Services, Infosys, Wipro, and HCL Technologies have consistently ranked among the top employers of H1B visa holders.

H-1B visa fee hiked to $100,000: Donald Trump’s latest move

In a move that could adversely impact Indian professionals on visas in the US, President Donald Trump on Friday signed a proclamation that will raise the fee for H1-B visas to a staggering $100,000 annually, the latest in the administration’s efforts to crack down on immigration.

Until now, H-1B visas have carried various administrative fees totalling around $1,500.

The proclamation said that the number of foreign STEM (science, technology, engineering, and math) workers in the United States has more than doubled between 2000 and 2019, increasing from 1.2 million to almost 2.5 million, while overall STEM employment has only increased 44.5 per cent during that time.  Among computer and math occupations, the foreign share of the workforce grew from 17.7 per cent in 2000 to 26.1 per cent in 2019. The key facilitator for this influx of foreign STEM labour has been the abuse of the H-1B visa, it said.

In July, USCIS had said that it has received enough petitions to reach the congressionally mandated 65,000 H-1B visa regular cap and the 20,000 H-1B visa US advanced degree exemption, known as the master’s cap, for fiscal year 2026.

White House staff secretary Will Scharf said the H1B non-immigrant visa programme is one of the “most abused visa” systems in the country’s current immigration system, and it is supposed to allow highly skilled labourers, who work in fields that Americans don’t work in, to come into the United States.

The Trump administration said that the $100,000 fee is aimed at ensuring that the people being brought into the country are “actually very highly skilled” and do not replace American workers.

Lutnick said that historically, the employment-based Green Card programme let in 281,000 people a year, and those people earned $66,000 a year on average, and were five times more likely to participate in assistance programmes of the government.

Infosys, Wipro ADRs fall

Falling the move, Infosys ADRs dropped as much as 4.5% in Friday’s trade, while Wipro slid 3.4%. Other leading users of the H-1B programme also lost ground, with Cognizant Technology down 4.3% and consulting giant Accenture slipping 1.3%.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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Last Updated:September 21, 2025, 10:00 IST

OnlyFans creators in India must navigate income tax and GST rules, just like other self-employed individuals.

Earnings from both domestic and foreign subscribers have specific tax implications. (Photo Credit: X)

OnlyFans has become a popular platform for creators worldwide to earn money directly from subscribers. People pay for access to exclusive content, and creators can offer personalised material or receive tips. While the platform is widely associated with adult content, it also hosts artists, educators and hobbyists sharing paid content.

In India, more creators are joining OnlyFans to monetise their skills and interests. Many are curious about whether using the platform is legal, whether earnings make them self-employed, and how taxes apply to their income.

Understanding these points is essential before starting to earn on OnlyFans.

OnlyFans Is Legal In India

Using OnlyFans in India is not illegal. There are no laws prohibiting Indian citizens from creating an account or earning through the platform. Creators must ensure that their content does not violate Indian laws, such as those related to obscenity or child protection.

Sharing explicit content involving minors or other illegal activities is strictly prohibited and punishable under Indian law.

Creators should also be aware that while the platform itself is legal, their income is still subject to Indian taxation rules. The key is reporting earnings correctly and staying compliant with income tax laws.

Creators Are Considered Self-Employed

Earnings from OnlyFans are treated like business income for tax purposes. Creators are considered self-employed individuals, or “sole proprietors,” which means they are responsible for reporting their income and paying taxes.

Income received from subscriptions, tips, paid messages, or personalised content falls under “Profits and Gains from Business and Profession.”

This classification is similar to other social media influencers or freelancers earning online. If a creator earns over Rs 1 crore in gross revenue in a financial year, they may also be subject to a tax audit. Even smaller creators should keep proper records of earnings and expenses to ensure accurate reporting.

Income Tax Rules For OnlyFans Earnings

All money earned on OnlyFans, whether in cash or digital payments, is taxable under Indian law. The income is added to the creator’s total taxable income and taxed according to the applicable slab rates.

Creators can reduce their taxable income by claiming legitimate business expenses, such as cameras, lighting, microphones, software subscriptions, internet bills and workspace costs.

Only expenses that are “ordinary and necessary” for content creation can be deducted.

GST May Also Apply

If a creator’s earnings exceed Rs 20 lakh in a year (or Rs 10 lakh for special category states), they must register for GST. Services provided to Indian subscribers are taxed at 18 per cent under the GST regime.

Earnings from foreign subscribers are considered exports of service and may be zero-rated, meaning no GST is charged, provided the creator follows proper procedures like filing a Letter of Undertaking.

In a nutshell, OnlyFans is legal in India, but creators must follow self-employment and taxation rules. Creators must keep proper records of income and expenses to ensure compliance with income tax and GST rules.

For anyone planning to earn on the platform, understanding tax obligations and keeping good records ensures a safe and sustainable way to monetise online content.

Buzz Staff

A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.

A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture.

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