Technology
$100,000 fee for new applicants would cancel out expected earnings, analysts say
U.S. President Donald Trump’s imposition of a $100,000 fee on new H-1B visas, almost three-fourths of which went to Indian immigrants last year, is set to hurt Indian IT services companies such as HCL, which deploys thousands of workers on-site to help clients with projects. © Reuters
SOUMYAJIT SAHA, KIRAN SHARMA and SAYAN CHAKRABORTY
September 22, 2025 19:01 JST
MUMBAI/NEW DELHI/BENGALURU — Indian information technology stocks were deep in the red and the rupee slightly weaker in early trading on Monday as investors digested the potential impact for tech companies of a new, hefty fee on U.S. visas for highly skilled workers.
