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via livemint.comTech & AI

Indian IT giants' H-1B visa registrations fall amid Trump's crackdown

FROM THE WIRE · LIVEMINT.COM

H-1B registrations by Infosys, TCS and Cognizant fell sharply for FY2027 amid higher visa costs and a wage-weighted selection system. The figures reflect fresh entries in the annual cap selection process, rather than total H-1B employment.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFewer H-1B entries could weigh on growth prospects of large Indian IT services firms.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01H-1B registrations by Infosys, TCS and Cognizant fell sharply for FY2027.
  2. 02The decline is attributed to higher visa costs and a wage-weighted selection system.
  3. 03The figures reflect fresh entries in the annual cap selection, not total H-1B employment.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Infosys LimitedINFYStock12.24 USDMarket closedtoday +0.91%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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