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
Widespread panic, confusion and concern gripped Indians in the US on H-1B visas on Saturday hours after US President Donald Trump's order to impose a staggering USD 1,00,000 fee on the work visas, with many cancelling their plans to travel to India. While many cancelled plans to travel at the last minute while waiting to board flights to India, several others already in India are scrambling to return amid lack of clarity after Trump on Friday signed a proclamation to raise the H-1B visa fees, weeks before Indian professionals and their families travel to India for Diwali and other year-end holidays. Individuals on H-1B visas as well as those in the US tracking the news spoke to PTI on condition of anonymity and stressed that the underlying emotion among H-1B visa holders and their families right now is that of a crazy sense of panic and worry. There are instances where people have cancelled their travel plans as they were waiting in line to board their flights to India across US ...
Attacking the Centre over US President Donald Trump's decision to raise the H-1B visa fee to USD 100,000 annually, the Congress government in Telangana on Saturday alleged that the NDA regime has failed to address the issue. State IT and Industries Minister D Sridhar Babu, who condemned Trump's move, said it would have an adverse impact on Indian tech companies and job aspirants. India tops the list of countries availing H-1B visas, followed by China. Either to bring pressure on the American government or to hold consultations over Trump's actions, the BJP government at the Centre has completely failed in addressing the issue, he told reporters. He further alleged that the central government was troubling states over their rights. Does the Centre not have the time to address the impact on southern states because of several American decisions in recent times? he asked. Sridhar Babu said Prime Minister Narendra Modi and External Affairs Minister S Jaishankar must launch diplomatic ..
Data from the US Citizenship and Immigration Services (USCIS) reveals that out of the top 10 beneficiaries of the H-1B programme in 2025, only two are Indian IT services firms and the rest are global
Trump's $100,000 H-1B visa fee stirs anger in US and India, with doctors, tech firms and policy experts warning of devastating fallout
It said that a one-day deadline to implement the order was concerning as it creates considerable uncertainty for businesses, professionals, and students across the world
US Firm on H1-B Visa Fee Hike: Microsoft, JPMorgan and Amazon warn H-1B staff to stay in the US after Trump's order makes visas cost $100,000 each. Legal challenge underway
Trump raised the H-1B visa fee to $100,000 citing US job losses, but experts say mass displacement is a myth, with 96% of US software developers employed
Trump orders $100,000 H-1B visa fee, hitting Indian techies hardest. Lawyers warn of lawsuits, Microsoft issues travel guidance
Amitabh Kant highlighted that India has some of the finest innovators and professionals who can contribute to the country's growth
An Indian H-1B visa holder overstayed after misjudging US rules, sparking warnings for professionals about the strict 60-day grace period and entry checks
H-1B reform is back in the US spotlight as Senator Jim Banks proposes scrapping OPT, raising wages to $150,000 and ending the visa lottery
Indian IT companies are reportedly cutting down on H-1B visas, hiring more locally in the US, as tougher immigration rules, rising costs, and AI-led changes reshape global outsourcing models
Charlie Kirk and Ron DeSantis attack Indian H-1B workers as US trade talks hint at more visas. Indian professionals push back, citing tax, jobs, and innovation impact
US visa changes: From September 2, nearly all non-immigrant US visa applicants-including students and H-1B workers-must attend in-person interviews, ending age and renewal waivers
With US officials calling the H-1B programme a "scam", former Infosys CFO Mohandas Pai said Indian IT firms now rely less on the visa, with American tech giants among the top applicants