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The Economic Times
The Economic Times
Akash Podishetti

Infosys, Wipro ADRs fall nearly 3% after TCS earnings, US crackdown on H-1B-linked green card programme

TCS Infosys Wipro United States Immigration JD Vance Cognizant India Microsoft

American Depository Receipts (ADRs) of Indian IT services companies Infosys and Wipro fell nearly 3% in US trading on Thursday, weighed by fresh concerns about the sector's outlook after Tata Consultancy Services reported its September-quarter earnings and the US government widened its crackdown on employment-based immigration programmes.

Infosys ADRs were down 2.8% at $10.26 at 9 p.m. IST, while Wipro ADRs traded 2.5% lower at $1.63.

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