Business
H-1B Visas For TCS, Infosys, Wipro, HCL: Indian IT Majors Secure 13% Permits, Who Topped The List?
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Several leading IT giants in India like Tata Consultancy Services, Infosys, Wipro, and HCL Technologies have consistently been among the top employers of the H-1B visa holders
Under a proclamation that takes effect on 21 September 2025, employers will now need to pay a $100,000 fee for every H-1B worker entering the US.
H1b Latest News: Indian IT companies have mainly relied on the US market for their business, and the H-1B visa is of significant importance for them. Though the Indian tech companies’ dependence on H-1B visas have fallen in the past few years, the firms still account for nearly 13% of all such visas issued by the US. According to the latest data available on the website of the US Citizenship and Immigration Services, Indian tech companies secured 13,870 or nearly 13 per cent of all H-1B visas issued in FY25 till June 30, 2025.
According to the data, Tata Consultancy Services (TCS) and Infosys emerged as the top recipients of H-1B visas.
Data from the US Immigration Department showed that of the total 1,06,922 H-1B visas issued to various employers in FY25 till June 30, 2025, about 13,870 (or 13% of the total) went to companies of Indian origin. TCS led the way with 5,505 beneficiaries, followed by Infosys with 2,004, LTIMindtree with 1,807, and HCL America with 1,728.
Among others, Wipro’s H-1B visa beneficiaries stood at 1,523, followed by Tech Mahindra Americas with 951, and L&T Technology Services with 352.
H-1B dependency of Indian IT companies falls
However, the number (13,870 H-1B visas for Indian companies) is significantly lower now as compared with about 24,766 H-1B visas went to the Indian companies till September 2024.
Which company got the most H1B visas?
Amazon.com Services LLC, an American company, received the highest number of US visas, obtaining 10,044 H1B visas. The Indian company, TCS, secured the second position, while Microsoft ranked third with 5,189 visas. Although Cognizant was founded in Chennai, its headquarters is now located in New Jersey, USA.
Indian Companies Benefit from H1B Visa Programme
The H1B visa programme permits companies to temporarily employ foreign professionals in specialised roles. India’s technology companies have particularly benefited from this programme.
Major Indian IT service companies such as Tata Consultancy Services, Infosys, Wipro, and HCL Technologies have consistently ranked among the top employers of H1B visa holders.
H-1B visa fee hiked to $100,000: Donald Trump’s latest move
In a move that could adversely impact Indian professionals on visas in the US, President Donald Trump on Friday signed a proclamation that will raise the fee for H1-B visas to a staggering $100,000 annually, the latest in the administration’s efforts to crack down on immigration.
Until now, H-1B visas have carried various administrative fees totalling around $1,500.
The proclamation said that the number of foreign STEM (science, technology, engineering, and math) workers in the United States has more than doubled between 2000 and 2019, increasing from 1.2 million to almost 2.5 million, while overall STEM employment has only increased 44.5 per cent during that time. Among computer and math occupations, the foreign share of the workforce grew from 17.7 per cent in 2000 to 26.1 per cent in 2019. The key facilitator for this influx of foreign STEM labour has been the abuse of the H-1B visa, it said.
In July, USCIS had said that it has received enough petitions to reach the congressionally mandated 65,000 H-1B visa regular cap and the 20,000 H-1B visa US advanced degree exemption, known as the master’s cap, for fiscal year 2026.
White House staff secretary Will Scharf said the H1B non-immigrant visa programme is one of the “most abused visa” systems in the country’s current immigration system, and it is supposed to allow highly skilled labourers, who work in fields that Americans don’t work in, to come into the United States.
The Trump administration said that the $100,000 fee is aimed at ensuring that the people being brought into the country are “actually very highly skilled” and do not replace American workers.
Lutnick said that historically, the employment-based Green Card programme let in 281,000 people a year, and those people earned $66,000 a year on average, and were five times more likely to participate in assistance programmes of the government.
Infosys, Wipro ADRs fall
Falling the move, Infosys ADRs dropped as much as 4.5% in Friday’s trade, while Wipro slid 3.4%. Other leading users of the H-1B programme also lost ground, with Cognizant Technology down 4.3% and consulting giant Accenture slipping 1.3%.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 20, 2025, 09:27 IST
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Business
Zee Real Heroes Awards 2026: ‘The world will have to yield before India…’ Baba Ramdev calls US trade deal a reflection of India’s strength
The fourth edition of ‘Zee Samvaad with Real Heroes’ is being held in Mumbai today, February 6, 2026. The event saw the presence of several prominent personalities from politics, entertainment and sports. It was hosted by lyricist Manoj Muntashir.
Yoga guru Baba Ramdev also joined him on stage, where they discussed a range of topics including the India–US trade agreement and the changing global order. During the conversation, Baba Ramdev also targeted the Opposition.
‘The World Will Have to Yield Before India…’
Manoj Muntashir asked Baba Ramdev about the recent India–US trade agreement. Responding to the question, Baba Ramdev said, “I don’t see it merely as India’s achievement, but as India’s strength. Whether it is Trump or any other global power, they will ultimately have to yield before India. This is the power of India’s market. It is the strength of India’s millions of people — and also America’s compulsion.”
He added that if Trump wants to control inflation in the United States, reducing tariffs becomes a necessity. According to him, that necessity reflects India’s growing strength. Baba Ramdev further said that no country can become a superpower by ignoring India, and that India itself is the next superpower. He remarked that if others choose to approach India first, they would be welcomed respectfully.
Is the Reduction from 50% to 18% Tariff India’s Victory?
Responding to the question, Baba Ramdev said that as India moves forward, some people — whom he described as immature in their political thinking and lacking a clear vision for the country — continue to question such developments. However, he stressed that India is progressing rapidly across sectors, whether it is agriculture, manufacturing, science and technology, innovation and invention-driven creation, healthcare, education, or future research initiatives.
He added that India is strong in terms of natural resources, land, scientific capability, climate, knowledge, cultural depth, and the spirit of hard work and determination. According to him, with this strength and momentum, not just Trump or America, but the entire world will eventually have to acknowledge and bow before India’s rise.
Opposition Says India Has ‘Knelt Down’
Manoj Muntashir asked Baba Ramdev about the Opposition’s claim that India had “knelt down” and that key decisions related to India would now be taken by Trump. Responding to this, Ramdev said that if Trump raises tariffs, he can also reduce them. He added that Prime Minister Modi is acting with patience, as Trump can change his stance at any time.
Ramdev further remarked that Trump has a tendency to stay in the headlines. He said the global order is now changing and that India will have to maintain a balance in its relations with China. He also stated that although some Muslims in India may criticise Prime Minister Modi, many of the world’s most influential Muslim leaders respect him — which, according to Ramdev, reflects the Prime Minister’s diplomatic success.
New Delhi: Nearly 30,000 acres of new campus land and about 2.7 billion square feet of academic infrastructure are expected in India by 2035 to meet surging student demand, marking world’s largest institutional real estate opportunities over the next decade, a report said on Thursday.
The report from ANAROCK Capital said that meeting the National Education Policy (NEP) 2020 target of a gross enrolment ratio (GER) of 50 per cent by 2035 will require roughly 25 million additional seats and about $100 billion in construction-led investment for academic facilities alone, excluding land acquisition and student accommodation infrastructure.
“This scale of expansion, underpinned by demographic momentum, rising enrolments, globalisation of education, and landmark regulatory reforms, represents arguably the largest higher-education build-out market globally,” the report mentioned.
The real estate services firm highlighted India’s higher-education enrolments rose from 27 million in 2010-11 to 45 million in 2022-23, driven by powerful demographic engines and rising household aspirations, and universities increased from 760 in 2015 to 1,338 in 2025, while total higher education institutions grew from 51,534 to 70,018.
“We believe the provision in the Union Budget 2026 to support the creation of five university townships reflects a recognition of the gap in academic infrastructure,” said Shobhit Agarwal, CEO-ANAROCK Capital.
After the FHEI Regulations foreign higher-education institutions ranked within the top 500 globally can now establish campuses without affiliating with Indian universities, noted Aashiesh Agarwaal, SVP-Investment Advisory, ANAROCK Capital.
In addition to the three global university campuses that have already opened, thirteen institutions have announced upcoming campuses, such as Lancaster (UK), Liverpool (UK), Illinois Institute of Technology (US), and Instituto Europeo di Design (Italy), signalling strong international confidence in India’s education market, Agarwaal added.
Uttar Pradesh has rolled out stamp duty exemptions and capital subsidies for higher education institutions.
GIFT City in Gujarat has created a dedicated international campus framework with shared academic infrastructure. Maharashtra has anchored its strategy around a 250-acre ‘Educity’ near Navi Mumbai International Airport, securing commitments from five foreign higher education institutions, said the report.
Business
Stellantis shares plunge 27% after automaker announces $26 billion hit from business overhaul
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico April 4, 2025.
Henry Romero | Reuters
Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from a business reset and hinted at a pull-back from its electrification push.
In Milan, the company’s Italian shares were 26% lower. In early trading on Wall Street, the transatlantic firm’s New York-listed stock plummeted 25%.
Other French auto stocks also fell Friday morning, with Valeo and Forvia both down more than 1.2% and Renault sliding 2%.
“The charges announced today largely reflect the cost of over-estimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires,” said Stellantis CEO Antonio Filosa in a statement.
“They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new Team.”
Going forward, Stellantis said it would remain at the forefront of EV development, but said its own electrification journey would continue at “a pace that needs to be governed by demand rather than command.”
Stellantis also pre-released some figures for the fourth quarter on Friday, saying it anticipates a net loss for 2025. In recognition of that net loss, it has suspended its dividend for 2026 and plans to raise up to 5 billion euros by issuing hybrid bonds.
For 2026, the auto giant is targeting a mid-single-digit percentage increase in net revenue and a low-single-digit increase in its adjusted operating income margin.
The company said its dividend pause and bond issuance would help preserve its balance sheet, and outlined the actions it had taken last year as part of its reset strategy.
These included announcing “the largest investment in Stellantis’ U.S. history” — totalling $13 billion over four years — as well as launching 10 new products, canceling products that could not achieve profit at scale, and restructuring its global manufacturing and quality management capabilities.
Under the U.S. investment drive, the transatlantic automaker has said it will add 5,000 jobs to its American workforce.
While these moves had resulted in costs of 22.2 billion euros, the company said they had collectively delivered a return to positive volume growth in 2025.
In the second half of the year, Stellantis’ U.S. market share rose to 7.9%, while the company said it retained its overall second-place market share position in the enlarged Europe.
Stellantis’ writedown follows multibillion-dollar hits at rivals Ford and GM, which recently announced their own hits worth $19.5 billion and $7.1 billion, respectively — both being related to EV pullbacks.
Given the “magnitude of the kitchen sinking” and the soft 2026 guidance, UBS analysts said the negative share-price reaction was expected. They added, however, that new management’s “decisive” clean-up and solid regional market fundamentals leave the stock attractive as a potential U.S. “comeback” play.
‘Year of execution’
Friday’s writedown announcement came alongside news that Stellantis will offload its stake in NextStar Energy, a joint venture with LG Energy Solution that built and operated a Canadian battery manufacturing facility. LG Energy Solution will take over Stellantis’ 49% stake, the firms said on Friday morning.
The joint venture was part of Stellantis’ broader electrification strategy. In 2022, former CEO Carlos Tavares set a goal for 100% of sales in Europe and 50% of sales in the U.S. to be battery electric vehicles by the end of the decade.
The company is set to present an updated long-term strategy at its Capital Markets Day in May.
Stellantis’ stock has been under pressure for some time, with its Italian shares slumping nearly 25% last year and 40.5% the previous year. Shares are currently down more than 13% since the beginning of 2026.
Stellantis share price
Filosa previously dubbed 2026 the “year of execution” for the embattled automaker, which has been grappling with falling sales, leadership changes and disappointing earnings for several years. In July, the company said it expected to take a tariffs hit of around 1.5 billion euros in 2025, as it reported a first-half net loss of 2.3 billion euros.
In a Friday note, Russ Mould, investment director at AJ Bell, said Stellantis had placed a “miscalculated bet” on electric vehicles – but said the broader picture on EV adoption raised questions about Stellantis’ marketability.
“The long-held argument about why many drivers won’t go electric yet are concerns about price, access to charging infrastructure, and how long a battery will last during their journey,” he said.
“However, prices are coming down, more chargers are being installed, and battery range is improving. The success of companies like BYD suggests there are plenty of people willing to take the leap. That begs the question as to whether Stellantis’ frustration over its EV sales is linked to market issues or that drivers simply don’t like its vehicles.”
Stellantis is scheduled to publish its 2025 earnings in full on Feb. 26.
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