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The Economic Times

World

US suspension of PERM applications unlikely to impact Indian IT firms significantly: Kotak

United States Kotak Institutional Equities Visas Immigration Stock Market

New Delhi: The US decision to suspend new and pending labour certification (PERM) applications involving six major Indian IT companies is unlikely to have a significant impact on their operations or earnings, according to a report by Kotak Institutional Equities.

The US Department of Labor (DoL) has stopped accepting new PERM applications and processing pending applications involving TCS, Infosys, HCLTech, Wipro, Cognizant and Capgemini.

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