Germany has stepped up efforts to attract Indian professionals with more visas and higher pay, contrasting sharply with the US's $100,000 H-1B fee hike
JPMorgan warns that Trump's $100,000 H-1B visa fee could slash 5,500 jobs a month, hitting Indian tech workers and US firms relying on skilled foreign talent
"That caught everyone off guard," Dimon said in a CNBC-TV18 interview. "And so we had a lot of phone calls over the weekend. What does it mean?"
The White House has imposed a cumulative 50 per cent tariffs on Indian goods, including a 25 per cent penalty for New Delhi buying Russian oil
Fee hike could accelerate offshore delivery, improve competitiveness; AI adoption, re-skilling initiatives expected to provide medium-term growth opportunities
China is set to roll out a new K-Visa for young science and technology professionals from October 1, even as the US imposes a $100,000 fee on H-1B visas
US tariffs, visa issues, geopolitical tensions, and AI disruption have plunged the IT services industry into an uncertain period
Emails sent to TCS, Infosys, Wipro, HCLTech, Meta and others remained unanswered
Experts say that such prohibitive costs may force IT services companies to keep their prospective visa employees in India
Trump's $100,000 H-1B visa fee sparks panic among Indian doctors, nurses and IT firms, though exemptions for healthcare may soften the blow
Analysts say Indian IT firms can offset the impact of the $100,000 H-1B visa fee through higher offshoring, reduced new applications, and client cost sharing over the medium term
Speaking at an event in New Delhi, Sanjeev Sanyal today questioned why IT firms in India send people to the US, noting their work does not require physical relocation
Sensex Today | Stock Market Close Highlights, Sept 22: US President Donald Trump's new H-1B visa fees rule triggered panic selling among investors, especially IT shareholders, on D-Street today
Nasscom further said that with the fee being applicable from 2026 onward, companies have time to further expand skilling programs in the US and enhance local hiring
The BSE IT index also fell 3.5 per cent in the intraday trade. Thus far in calendar year 2025, the BSE IT index has underperformed the market by sliding 19 per cent
On the bourses, the Nifty IT index is the worst-performing sector so far this year. The index is down 16 per cent in 2025
The domestic currency opened 7 paise lower at 88.17 against the dollar on Monday, according to Bloomberg
For Arun Kumar (name changed), a techie from south Tamil Nadu, the past 30 hours have been a whirlwind of stress and frantic search for a flight ticket to the US
Another silver lining for the companies and the markets, analysts said, is the falling dependence on the H-1B visa in the last few years.
US President Donald Trump's decision to raise H1-B visa fee to USD 1,00,000 annually poses significant cost challenges to Indian IT companies and will be disruptive in near term, said Former Chairman of Nasscom BVR Mohan Reddy on Saturday. He also said the move could also push Indian IT firms to accelerate local hiring in the US, strengthen global delivery from India, and move up the value chainturning a challenge into an opportunity for more resilient models. The sudden USD 100,000 H-1B visa fee poses significant cost challenges for Indian IT companies, and the one-day implementation timeline creates considerable uncertainty for ongoing projects. While this is disruptive in the near term, it also compels us to accelerate local hiring, strengthen global delivery from India, and move up the value chainturning a challenge into an opportunity for more resilient models Reddy told PTI. In a development that could adversely affect Indian professionals in the US, President Trump on Friday