Adobe (ADBE) vs. Autodesk (ADSK): Which AI-Hit Software Stock Has the Better Comeback?

India responded to the US Department of Labour's suspension of the PERM program for certain companies, noting it impacts Green Card processes but not H-1B visas. The MEA criticized the move, stating it harms mutual interests. Affected companies include Infosys, Tata, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe. US officials cited ongoing investigations and alleged visa fraud.

The US suspended PERM applications for 8 tech firms, including Infosys, Tata, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe, citing investigations. India's MEA stated this won't affect H-1B visas but may impact green card processes. The US claims the move targets alleged visa fraud and aims to change hiring practices.

The US has suspended labor certification processing for Microsoft, Infosys, Wipro, TCS, HCLTech, Cognizant, Capgemini, and Adobe, citing scrutiny of hiring practices involving foreign workers. The action targets the PERM program, crucial for employment-based green cards, and may disrupt immigration plans for these companies and their employees. The move aligns with broader scrutiny of visa programs and could impact India's tech industry, which relies on US immigration pathways.

Congress criticized PM Modi for not retaliating against US actions affecting Indian IT professionals. The US suspended eight IT firms, including Microsoft, Tata, Infosys, and Wipro, from a green card program, alleging job market exclusion of Americans. Microsoft faces accusations of abusing the system. Indian professionals make up over 70% of approved H-1B petitions annually.

The U.S. suspended Microsoft (MSFT) and Adobe (ADBE) from the H-1B visa program, alleging abuse. Microsoft disputes claims, stating 80% of H-1B applications were for existing employees. The administration also investigates nine universities, including Harvard, Yale, and Stanford, over visa program misuse.

Congress criticized PM Modi for not protecting Indian IT firms after the US suspended eight companies (Microsoft, Adobe, Cognizant, Infosys, Tata, Wipro, HCL, Capgemini) from the PERM green card program. The US accused these firms of misusing the system, potentially affecting future green card applications. Congress suggested India could respond using laws like the Digital Personal Data Protection Act, 2023.