Moneycontrol reports that H-1B approvals for India’s top six IT firms fell about 40% in FY26, dropping from 18,469 as of March 31, 2025 to 11,041 a year later. TCS saw a 53% decline, Wipro 62%, and Tech Mahindra 59%, while Infosys was the only exception. The article cites US policy changes, including a $100,000 visa fee and tighter immigration rules.
US immigration data cited by Mint shows H-1B registrations for fiscal 2027 fell 38.5% year-on-year, and approvals for India’s six largest IT services firms dropped to 11,041 as of March 31, 2026 from 18,469 a year earlier. Infosys was the only gainer (3,195 approvals); TCS fell to 2,885. The shift may affect US onsite staffing and margins.
Indian stocks rose in early trade as crude oil fell below $100 a barrel for the first time in over two weeks, amid hopes of a US-Iran peace deal. The Sensex gained up to 874 points (1.15%) to 76,289 and the Nifty rose 264 points (1.11%) to 23,983. Nifty Auto led (+2%); Hindalco fell ~2%. Brent fell 6.16% to $97.16 and WTI 6.5% to $90.33.