ET NEWS

Tata Technologies will recruit more local nationals in the United States, its top boss said, as the Indian engineering services provider reacts to U.S. President Donald Trump's wide-ranging immigration crackdown.The United States plans to charge businesses a steep fee for H1-B visas, used by tech majors including Amazon.com and Meta Platforms, in a move the Trump administration said would shield Americans from foreign wage competition.Also Read| Trump’s $100,000 H-1B visa fee spares Indian students in the US but raises costs for IT cos' offshore transfers"As we react and respond to the change in legislation in and around visas, it will mean that we will be recruiting more local nationals in the United States," Tata Technologies CEO and Managing Director Warren Harris told Reuters on Friday.India accounted for nearly three-fourths of H-1B visa beneficiaries last year, according to government data.Tata Technologies, which provides engineering and technology services to automobile, aero and heavy machinery makers in at least two dozen countries, has more than 12,000 employees globally including in the United States.Pune, India-based Tata Technologies does not disclose country-specific revenue or employee count, but North America accounted for roughly a fifth of its 51.68 billion-rupee ($587.97 million) revenue in 2024-2025.Also Read| Trump’s $100,000 H-1B visa fee starts now — here’s who must pay and who won’tTata Technologies, whose clients include Jaguar Land Rover, Vietnamese electric car maker VinFast and Boeing, already employs a workforce that is made up of over 70% local nationals in China, Sweden, the United Kingdom and United States.Indian engineering service providers, which rely heavily on outsourcing work from corporate America, have been under pressure as automotive clients reeling from the impact of U.S. tariffs cut back.But the Tata Technologies CEO is still bullish about the United States."That market continues to be a very vibrant and important market," Harris said, adding, "We do see a pickup in the United States in the next 6 to 9 months now that our customers have come to terms with ... the new tariff regime."Harris also said Tata Technologies, which last month disclosed plans to buy German peer ES-Tec Group for 75 million euros ($87.47 million), will make more "targeted" acquisitions in the coming years.Separately on Friday, Tata Technologies reported a 5% rise in quarterly profit.

U.S. President Donald Trump said on Wednesday he canceled a planned summit with Russian President Vladimir Putin, citing a lack of progress in diplomatic efforts and a sense that the timing was off. "We canceled the meeting with President Putin - it just didn't feel right to me," Trump told reporters at the White House. "It didn't feel like we were going to get to the place we have to get. So I canceled it, but we'll do it in the future." Trump also expressed frustration with the stalled negotiations. "In terms of honesty, the only thing I can say is, every time I speak with Vladimir, I have good conversations, and then they don't go anywhere. They just don't go anywhere," he said. The summit cancellation came as the White House unveiled new sanctions targeting Russian oil exports, part of a broader effort to pressure Moscow over its continued military operations in Ukraine. Trump said he hoped the measures would be temporary.

New Delhi: Coal-fired power plants in India have sufficient fuel supplies, with total coal reserves reaching 44.7 million tonnes as of October 17. This is an increase of 31.1% from a year ago, despite a depletion of approximately 16 million tonnes over the last four and a half months.Experts said the comfortable stock position reflects improved supply coordination and a higher base before the monsoon season. This was aided by lower power demand in the summer months.In June, power plants started with about 60.7 million tonnes of coal stock, which was 27.8% higher from a year ago, giving a good base and sufficient supplies."The higher stock is because of good opening stock and sustained supplies during summer season," a senior government official told ET. "Q2 saw a drop of 15.5 million tonnes, however, supplies have started picking up again."Coal stocks deplete during monsoon and are usually followed by a pickup in fuel production and dispatch in the second half of the financial year.For FY26, the coal ministry has set a coal production target of 1.15 billion tonnes compared with 1.05 billion tonnes in FY25.Power demand showed moderate growth in July and September and was negative in May and June, partly led by good early monsoon rains, resulting in less demand for cooling from households.According to a report from SBICAPS in September, power supply is expected to be flattish year-on-year in the first half of the ongoing financial year.