BusinessPhoto: Firstpost BusinessUS Freezes PERM Applications; Indian IT Firms Likely Unaffected
The US Department of Labor has suspended new and pending PERM labor certification applications involving six major Indian IT firms: TCS, Infosys, HCLTech, Wipro, Cognizant, and Capgemini. The suspension's duration and treatment of completed applications remain unclear. Kotak Institutional Equities reports this move is unlikely to significantly impact these companies' operations or earnings due to increased local hiring in the US, reducing reliance on work visas.
Firstpost Business·



