$100k fees imposed to obtain H1-B visa: Indian tech stocks take hit in US
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Following President Trump's executive order imposing additional fees on H-1B visas, Indian IT firms experienced a decline in their US-listed shares, with Infosys and Cognizant taking the biggest hit. Experts foresee immediate margin impacts, especially if the rule applies to existing visa holders, potentially reducing sector-wide EBITDA margins by 1% to 2%. What's Your Reaction?
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