Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
LTIMindtree ducks the H-1B hit
Mint Ahmedabad
|September 30, 2025
The Nifty IT index has corrected 8% since 19 September, following the hike in H-1B visa fees by US. Each such visa will now cost companies an additional $100,000. With 24,000 visa applications approved for the top five Indian IT firms in H1 FY24 alone, the financial impact adds up.
That said, tier-I IT stocks have held up relatively better, and firms have also found reasonable success with offshoring. Wider margins and deeper pockets have enabled larger firms to scale up US-based hiring, subcontracting, and delivery centres. As a result, while shares of Persistent Systems Ltd, Mphasis Ltd, and Coforge Ltd have fallen 10-14%, Infosys Ltd and HCL Technologies Ltd have slipped less than 6%. Some mid-cap IT firms have also shown resilience. A case in point is LTIMindtree Ltd, which is down only 6.4%.
Denne historien er fra September 30, 2025-utgaven av Mint Ahmedabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
Apple to raise prices on its products due to memory chip crunch, Tim Cook says
Cook, however, declined to offer details on the timing or scale of the planned price increases
4 mins
June 19, 2026
Mint Ahmedabad
Cooling volumes fail to slow down behemoth's tech spend
National Stock Exchange of India Ltd (NSE) has finally taken the first step towards a public listing.
2 mins
June 19, 2026
Mint Ahmedabad
Fed holds rates but Warsh offers no clues on way ahead
Kevin Warsh began his tenure as chairman of the Federal Reserve with a solemn vow to curb inflation and a clear sign that he plans to swiftly revamp how the US central bank does its job.
2 mins
June 19, 2026
Mint Ahmedabad
Are India's vulnerable turning to illegal money games?
Somewhere in India, a delivery rider finishes a 12-hour shift and opens a gaming app.
3 mins
June 19, 2026
Mint Ahmedabad
How Ashishkumar Chauhan steered NSE to public listing
He replaced senior management and juniors who were even remotely accused of wrongdoing
3 mins
June 19, 2026
Mint Ahmedabad
SBI board clears ₹60,000 cr debt raise
The board of State Bank of India, the country’s largest lender, has approved a plan to raise up to ₹60,000 crore in FY27 through various debt instruments, including Basel III-compliant bonds, to support business growth and strengthen its capital base, the bank said in an exchange filing on Thursday.
1 min
June 19, 2026
Mint Ahmedabad
Delhi High Court reserves verdict on Telegram plea
Telegram questioned the proportionality of the government's action in its petition
1 mins
June 19, 2026
Mint Ahmedabad
HPCL restarts key crude unit after fire
Hindustan Petroleum Corp. Ltd (HPCL) on Thursday said its joint venture refinery in Rajasthan has restarted its crude distillation unit (CDU) after completing restoration work following a localised fire in April, paving the way for a phased ramp-up of fuel production.
1 min
June 19, 2026
Mint Ahmedabad
Edtech capital revival offers hope, but long road ahead
Investments hit $178 million in the first half of 2026, compared with $73.3 million a year ago
3 mins
June 19, 2026
Mint Ahmedabad
A year in, Cyient CEO reshapes leadership to revive growth
A little over a year after taking over as chief executive officer (CEO) of Cyient Ltd, Sukamal Banerjee has reshaped much of the leadership team at one of India’s rare family-led IT firms as he seeks to revive growth and profitability at a firm that has fallen behind rivals.
2 mins
June 19, 2026
Listen
Translate
Change font size