Infosys falls after the Labor Department says it will suspend major tech companies from sponsoring foreign workers for green cards.

India, Oct. 9 -- The US has suspended TCS, Infosys, Wipro and HCLTech from a key green-card programme, raising concerns about employee retention and staffing costs. This article examines what the decision means for these Indian IT companies and its potential impact on profitability.

Infosys and Wipro ADRs fell about 3% after the Trump administration suspended major technology outsourcing firms from a programme that helps companies seek green cards for H-1B workers.

Indian IT stocks like TCS, Infosys, and Wipro are under pressure today following the US government's suspension of the PERM green card scheme

US Labour Secretary Sonderling said the govt would neither accept new PERM applications nor process pending ones for any of the eight companies while multiple federal investigations remain under way.

On August 18, Infosys (NYSE:INFY) announced a long-term deal to manage the enterprise software behind Knorr-Bremse AG, a maker of braking systems for rail and commercial vehicles. The work stretches from ERP and data platforms to engineering and product lifecycle tools,

Infosys (NSE: INFY) share price is up +2.39% to ₹1,020.85 in an intraday stock update, driven by positive IT sector sentiment despite US green card program suspension. Infosys Stock Update: Shares Jump 2% on Positive IT Sector Sentiment.

The US-listed shares (ADRs) of both Infosys and Wipro fell as much as 4% each on the H-1B visa developments before staging a sharp recovery from the lows. While the Wipro ADR ended unchanged, the Infosys ADR reversed all the losses to end with gains of 1.

Infosys will announce its Q2FY27 results on October 23, after a two-day board meeting. Directors will also consider an interim dividend. Check details