Trump’s H-1B Visa Fee Increase Affects IT Stocks

Indian IT stocks plummeted after the Trump administration announced a steep H-1B visa fee hike to $100,000, negatively impacting the $283 billion industry. The Nifty IT index fell over 3%, with major companies like TCS and Infosys experiencing significant declines, as the new rule threatens cost advantages and profitability, particularly for mid-tier firms reliant on fresh H-1B approvals.

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