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BusinessInfosys and Wipro ADRs fell nearly 3% in US trading following TCS's quarterly earnings report and new US restrictions on the H-1B-linked green card program. Investor concerns over technology spending, AI disruption, and tighter employment-based immigration policies have increased pressure on Indian IT stocks.
ET Markets·
PoliticsAnil Kakodkar, Atomic Energy Commission member, urged India's diplomatic community to work towards securing membership in the Nuclear Suppliers Group (NSG). Speaking at an international conference at IIT Madras on October 8, 2026, he highlighted that India currently benefits only from an NSG waiver for uranium imports, which can be revoked. He emphasized that NSG membership is crucial to ensure stable uranium supply and reduce risks.
The Hindu··Chennai
TechnologyOn the day US Vice President JD Vance criticized Microsoft for employing foreign workers, President Donald Trump planned to honor the company's CEO, Satya Nadella, with America's highest technology award at a White House ceremony. This event highlights contrasting views within the administration regarding Microsoft.
Times of India·
PoliticsThe US has suspended the PERM program, affecting over 100,000 Indian IT professionals working on H-1B visas. The Trump administration's decision halted the permanent residency process for employees of major companies like Infosys and TCS. This move has significantly impacted the careers and futures of many Indian families in the US.
News18 Hindi·
PoliticsWest Bengal Chief Minister Shubhendu Adhikari warned on Thursday against cow slaughter, religious conversion, and alleged 'love jihad' and 'land jihad' in the state. Speaking at a government event in Malda, a Muslim-majority district bordering Bangladesh, he vowed strict action if such incidents recur during his tenure. He cited 2023 incidents in Kaliachak-1 and Mothabari blocks and pledged to prevent communal violence.
Amar Ujala··Malda
PoliticsThe Trump administration has suspended major tech companies, including Microsoft and Adobe, from applying for permanent residency for foreign workers due to alleged abuse of the H-1B visa program. US Vice President JD Vance accused Microsoft of replacing laid-off American workers with foreign workers. Labor Secretary Keith Sonderling revealed that nearly 3 million foreign workers were requested by these companies.
Economic Times·
ET Markets·
Infosys and Wipro ADRs fell nearly 3% in US trading following TCS's quarterly earnings report and new US restrictions on the H-1B-linked green card program. Investor concerns over technology spending, AI disruption, and tighter employment-based immigration policies have increased pressure on Indian IT stocks.
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