How Much Do Indian IT Companies Depend On PERM | Markets Today #320

📌 In this episode of Markets Today — the US suspends a key green card route for major Indian IT companies, and what it means for them; Apple Pay launches in India but big credit card issuers are holding back; and Reliance becomes the largest buyer of Venezuelan crude outside the US. #1 💼 US Suspends PERM Route For Indian IT Companies The US Labour Department has paused new PERM applications and the processing of pending ones for certain companies, citing an alleged $22 billion visa fraud. Indian IT firms got under 2% of PERM filings, so the immediate impact looks limited, but retaining senior talent is the medium-term risk. #2 💳 Why Banks Are Holding Back On Apple Pay In India Apple Pay currently supports only Axis Bank’s credit cards. Apple reportedly wants about 0.20% per transaction while banks are willing to pay about 0.15%, and banks want proof of extra card spending. #3 🛢️ Reliance Becomes The Biggest Non-US Buyer Of Venezuelan Crude Reliance took 76% of India’s 2.57 lakh barrels a day of Venezuelan crude in September, thanks to Jamnagar’s heavy-crude capability. Russia still supplies far more, at 18.2 lakh barrels a day. 00:00 - Coming Up 00:55 - TCS, Infosys, Wipro Hit By US Decision 03:56 - Apple Pay's Real Problem In India Is Banks 06:47 - Russia Still Supplies Far More Oil To India 08:59 - Trending News Also on YouTube: Upstox Global:    / @upstoxglobal   Uplearn by Upstox:    / @uplearnbyupstox   Upstox Insight -    / @upstoxinsight   Upstox Pro -    / @upstoxprotraders   Join the Upstox Community: Telegram: https://uptx.to/Telegram-Oct-Community Instagram: https://uptx.to/Instagram-Oct LinkedIn: https://uptx.to/LinkedIn-Oct Twitter: https://uptx.to/Twitter-Oct Upstox is India's most trusted investment platform — backed by Ratan Tata and Tiger Global, and chosen by 1 crore+ Indians to grow their wealth. On this channel, we cover everything you need to invest and trade with confidence — market updates, stock analysis, IPO breakdowns, and more. Stocks. ETFs. Mutual Funds. IPOs. F&O. Currencies. Commodities. All on one platform. Start investing today — open your free Demat account in minutes: https://uptx.to/open-demat-account Download the Upstox App — India's highest rated trading app: iOS: https://apps.apple.com/in/app/upstox-... Android: https://play.google.com/store/apps/de... #permsuspension #usgreencard #indianitstocks #tcs #infosys #wipro #hcltech #cognizant #h1bvisa #applepayindia #applepayaxisbank #creditcardindia #relianceindustries #venezuelancrude #jamnagarrefinery #indiarussiaoil #upstox #marketstoday #indianstockmarket