US visa curbs, weak demand lead to decline in IT stocks
BENGALURU: Some Indian IT stocks took a hit on BSE after US President Donald Trump’s latest proclamation on the H-1B visa, deepening concerns in an already fragile demand environment. TCS and Tech Mahindra led the losses among the top five IT firms, each falling more than 3%. HCLTech saw the least decline at 1.8%. Among…
Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in India
H-1B visas also see significant usage from financial and consulting organisations. (AI image) US President Donald Trump’s move to steeply hike the H-1B visa fees to $100,000 in a bid to create more jobs for Americans may actually end up backfiring! Major Wall Street banks are actually expected to increase their dependence on business support…
