Bengaluru, June 9 -- Indian IT stocks were in focus after a U.S. judge ruled that the Trump administration's proposed $100,000 H-1B visa fee was unlawful. The decision comes as a relief for companies such as TCS, Infosys, Wipro, and HCLTech, which rely heavily on skilled professionals working at client locations across the United States.

Relief for IT Hiring Costs

Recently, a federal judge in the United States struck down the Trump administration's proposed $100,000 H-1B visa fee, ruling that it amounted to an unlawful tax that had not been approved by Congress. The decision represents a significant setback for one of the administration's efforts to discourage the hiring of foreign professionals and encourage companies to prioritise dom...