Skip to content
Back to Guavy Wire
Stocks

US Suspends Indian IT Firms from Green-Card Program

Instruments
MSFT V
Share

The US government has suspended several major IT companies, including Indian firms like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech, from participating in the Permanent Labor Certification (PERM) green-card program. The suspension, announced on October 8, follows allegations of abuse of employment-based immigration pathways such as H-1B visas.

Industry experts view this move as a potential boon for India, suggesting it could accelerate the shift of more jobs and global capability centers (GCCs) to the country. Many Indian IT firms have already reduced their reliance on H-1B visas due to ongoing uncertainties, focusing instead on building local talent pipelines in the US.

Other companies affected by the suspension include Microsoft, Adobe, and Cognizant. The US labor department's action highlights broader concerns over the misuse of visa programs, which could reshape how these firms operate internationally.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc