0k fees imposed to obtain H1-B visa: Indian tech stocks take hit in US – The Times of India

$100k fees imposed to obtain H1-B visa: Indian tech stocks take hit in US – The Times of India

Indian IT firm’s US-listed shares fell overnight following American President Donald Trump’s executive order slapping an additional fee on H-1B visa holders. Infosys ADRs dropped 4%, while Wipro slipped 2% on Friday.Nasdaq-listed Cognizant declined 4.7% on Friday, reflecting investor concerns over stricter immigration policies. Experts warn of an immediate impact on profit margins. “The immediate…

Read More
US-Japan deal: Donald Trump signs executive order cutting Tokyo auto tariffs to 15%; check details – The Times of India

US-Japan deal: Donald Trump signs executive order cutting Tokyo auto tariffs to 15%; check details – The Times of India

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Thursday signed an executive order implementing tariff cuts under an agreement with Japan announced in July, lowering duties on Japanese automobile imports and formalising a $550 billion investment pledge.According to news agency Reuters, the order reduces the tariff on Japanese autos…

Read More