Microsoft, Infosys among tech firms suspended from US green-card programme in immigration crackdown

GIFT Nifty indicated a 100-point gain for Indian equities after a prior session decline. Tata Consultancy Services (TCS) reported Q2 earnings with a 4% profit increase and $3.1B in AI revenue. U.S. labor certification processing for IT firms is suspended. RBI to conduct a 10-day liquidity auction. Brent crude fell 0.48% to $103.62. TCS, JSW Steel, and P N Gadgil Jewellers provided business updates.

Nasscom stated that US visa curbs on Tata, Infosys, Wipro, and others should not impact talent mobility, as immigration and skilled labor are distinct issues. The US suspended these firms from the PERM green card program, citing job market concerns. Nasscom noted reduced H-1B visa dependence and compliance with local laws. The affected companies did not respond to requests for comment.

The US suspended major tech firms, including TCS, Infosys, Wipro, and HCL, from the PERM program, impacting Green Card applications for Indian professionals. The suspension may lead to delays, hiring shifts, and increased scrutiny. H-1B visas remain unaffected, but workers face uncertainty about permanent residency.

The US suspended eight tech firms, including Infosys, TCS, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe, from a green card program, citing concerns over visa misuse and fraud. The Labor Department will not process new or pending PERM applications involving these companies. Microsoft denies visa fraud claims, stating 80% of its H-1B filings were for existing staff.

The Trump administration suspended Microsoft and other tech firms from sponsoring H-1B visa holders for green cards, alleging fraud in the PERM program. Microsoft, Adobe, Cognizant, and Infosys are affected. Microsoft denies wrongdoing, stating it pays H-1B workers equally and most applications are for existing employees. The move impacts 6,300 H-1B visas and nearly 3,000 green cards issued by Microsoft annually.

U.S. Vice President JD Vance announced investigations into nine universities, including Harvard, Yale, and MIT, for alleged J-1 visa fraud. Labor Secretary Keith Sonderling suspended several IT firms, including Microsoft and Adobe, from the Permanent Labor Certification Program due to investigations.