IT stocks decline for 5th day amid H-1B visa fee worries & Accenture’s weak guidance. TCS, Infosys, Wipro valuations erode significantly. New Delhi, Sep 26 (PTI) IT stocks continued to face heavy selling on Friday amid H-1B visa fee concerns and weak guidance from IT services and consulting company Accenture. The stock of Intellect Design…
Trump’s H-1B visa fee hike: After the H-1B visa fee hike to $1,00,000, the IT stocks of the Indian stock market have been under sell-off heat for the last few sessions. IT majors — Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, etc.- came under selling pressure due to negative sentiments about Indian IT stocks….
Box CEO Aaron Levie is pushing back against President Trump’s $100,000 H-1B visa fee, warning the policy will give large tech companies an unfair advantage over cash-strapped startups in the competition for global talent. Speaking on “The A16z Podcast” alongside Andreessen Horowitz partners, Levie argued that the steep fee structure essentially turns international hiring into…
In a move that could reshape the global tech landscape, US President Donald Trump has introduced a steep fee for companies sponsoring new H-1B visa applicants, $100,000 per petition. Though intended to protect American workers, the new regulation has set off alarm bells among Indian tech firms and overseas workers, weighed down by uncertainty about…