US Halts Green-Card Processing For Infosys, TCS, Cognizant, Others
The US suspended green-card processing for major tech firms, including Cognizant, Infosys, TCS, Wipro, HCL, Capgemini, Microsoft, and Adobe, citing fraud concerns. The move affects permanent residency for workers at these companies, but not H-1B visas.
How this was made

The 30-second read
Why it matters
Regulatory action directly affects companies' ability to sponsor permanent residency for foreign employees, creating hiring uncertainty and possible stock pressure.
Market read
The news introduces a new regulatory risk for a group of large IT services and software firms, likely prompting short‑term price declines.
What to watch
Potential for legal challenges or policy reversals could mitigate long‑term impact.
Background
The U.S. Department of Labor announced a suspension of PERM green‑card processing for several major technology and consulting firms, citing alleged fraud and domestic labor concerns.
Ticker impact
US Dept. of Labor suspended Infosys from the PERM green‑card program.
likely pressure as the market prices in visa‑process restrictions
Regulatory suspension directly impacts workforce planning for a major Indian IT exporter.
Cognizant was listed as suspended from the PERM program.
likely pressure from concerns over visa‑related staffing constraints
Direct regulatory impact on a core operational capability.
Wipro was included in the PERM suspension list.
likely pressure as investors factor visa‑process risk
Regulatory restriction affects a key Indian IT services provider.
Microsoft was mentioned as also suspended from PERM processing.
likely pressure as market digests visa‑process impact
Even a large U.S. tech firm faces the same regulatory restriction.
Adobe was included among companies halted from PERM certification.
likely pressure as investors consider staffing implications
Regulatory action creates uncertainty for a major software vendor.
Market effects
IT services and consulting sector faces heightened regulatory risk, potentially widening spreads.
Indian tech exporters may see broader sell‑offs in U.S. markets.
Highlights U.S. immigration policy tightening, affecting multinational hiring strategies.
Counterpoint
The suspension may be temporary; long‑term fundamentals remain strong, offering a buying opportunity on dip.
Key entities
- RegulatorU.S. Department of Labor
Issued the suspension of PERM processing.
- OfficialKeith Sonderling
Labour Secretary who announced the suspension.




