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Tech rally: Infosys, TCS, Tech Mahindra shares jump as Donald Trump backs foreign talent; easing H-1B visa concerns

IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…

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Trump’s ‘wage-weighted’ H-1B visa plan: Nasscom issues big warning – calls proposed move ‘legally questionable, economically flawed’

Nasscom highlighted concerns about geographical and sector-based disparities in the new system proposed for H-1B visa issuance. (AI image) H-1B visa overhaul: Donald Trump administration’s proposed move to replace the lottery-based system for H-1B visas with a ‘wage-weighted’ system will be disruptive, Nasscom has warned. Nasscom, the IT industry body, has sharply criticised the US…

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‘America don’t have talented people’: Is Donald Trump softening rules on aggressive H-1B visa? What he said

Is US President Donald Trump softening his stance on an aggressive push for H-1B visa reforms? The Republican leader, in a recent interview, appeared to do so as he recognised the need to import foreign talent to America. In a conversation with Fox News host Laura Ingraham on Tuesday (local time), he defended the value…

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‘Forced labor, withholding visa documents’: H-1B visa holder from India sues US company; ‘Squid Game for Indians’

An H-1B visa holder from India has sued his US company, led by an Indian-origin CEO, for forced labor. Amrutesh Vallabhaneni, an H-1B visa holder in the US, has brought a lawsuit against his employer, accusing the company of forced labor, labor trafficking and withholding visa documents, Breitbart News reported. Jay Palmer, Vallabhaneni’s consultant who…

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‘Urgent help needed’: Sumit Nagal’s visa plea to China; Australian Open wildcard hopes in jeopardy | Tennis News

Sumit Nagal (Image credit: X) NEW DELHI: India’s No.1 tennis player Sumit Nagal has issued a public plea to Chinese authorities after his visa application to compete in the Australian Open Asia-Pacific Wildcard Play-off in Chengdu was reportedly rejected without explanation, leaving his Grand Slam preparation in serious doubt.Go Beyond The Boundary with our YouTube…

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US Immigration authority starts issuing demand for $100K H-1B fee; visa experts ‘decode’ the rise in demand for RFEs

The US Citizenship and Immigration Services (USICS) has started issuing Requests for Evidence (RFEs) demanding payment of the newly imposed $1,00,000 H-1B visa fee. These RFEs issued by USICS has triggered confusion and concerns among the immigration attorneys and employers. This move made by USICS follows the presidential proclamation made in September this year. For…

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‘Uncovered bounty of concerns’: Massive US crackdown on H-1B visa abuse — all you need to know | World News

The Trump administration has launched a sweeping crackdown on alleged misuse of the H-1B visa programme, which allows US companies to hire foreign skilled workers. The US Department of Labour (DOL) said on Friday it has initiated 175 investigations into potential violations as part of a broader effort to “protect American jobs.”In a post on…

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‘Immigrant could become public charge’: Getting US visa could soon be harder for many – Who’s affected?

AI Image used for representative purposes A new directive from the Trump administration could make it harder for foreigners with certain health conditions to obtain visas to live in the United States. The State Department has instructed consular officers worldwide to weigh applicants’ medical histories and their ability to afford treatment when deciding visa eligibility…

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