#h-1b

#h-1b

Trump's overhaul of the program, by mandating a $100,000 fee for new applications, may disrupt projects of Indian outsources like Tata Consultancy Services Ltd. and Infosys Ltd. that derive a large chunk of revenue from the US. TCS shares fell as much as 3.4%, the most in more than two months, while Infosys slipped as much as 3.9%. Tech Mahindra Ltd. declined 6.5%.

President Donald Trump on Friday changed the rules of the H-1B visa program, which provides skilled foreign professionals permission to work in the United States. His executive order, which raised the visa application fee for new applicants from under $10,000 to $100,000, scrambled stakeholders around the world. Tech giants such as Amazon and Microsoft issued travel advisories to their visa-holding staff, warning them to stay in the US or return to the country within 24 hours.