Mumbai, Oct. 9 -- The US administration's suspension of Permanent Labor Certification (PERM) processing for major Indian technology firms like TCS and Infosys will have no immediate impact on corporate revenues, according to Shrikant Chouhan, Head of Equity Research at Kotak Neo.

Speaking exclusively with ANI News in Mumbai on Friday, Chouhan addressed market concerns surrounding the immigration move, emphasising that the market's fears were overblown.

"We need to separate the immediate business impact from the long-term immigration concerns," Chouhan noted. "PERM is primarily a pathway to permanent residency and not a prerequisite for every H-1B visa employee to continue working. More importantly, reports indicate that these companies ...