• Home
  • Technology
  • Gaming
  • Entertainment
  • World & Business
  • Science
  • Sports
  • AI
HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
World & Business
Report

Indian equities reportedly plunge amid claims of U.S. H-1B and labor-certification restrictions

A post claims India's market collapsed; another says six IT firms face a halt to new and pending labor certifications.

Benny JohnsonBJ
Commentary Trump Daily PostsCT
2 Sources, 3h ago, first seen 3h ago

TLDR

An October 8 post claimed India's stock market had “completely collapsed” after what it described as a Trump administration suspension of H-1B and foreign labor programs over alleged fraud. Another post said Keith Sonderling, identified there as labor secretary, stated that the department would not take new or pending permanent labor certifications from Cognizant, Infosys, Tata, Wipro, HCL or Capgemini.

Combined views

765.9K

2 Sources, first seen 3h ago

25K likes1.5K comments2.1K saves4.8K reposts

Combined views

765.9K

2 Sources, first seen 3h ago

25K likes1.5K comments2.1K saves4.8K reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Featured Source

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

2 Sources

Benny Johnson@bennyjohnsonThe Indian stock market completely COLLAPSED today after the Trump Administration suspended H-1B and foreign labor programs over fraud. The largest IT outsourcing firms in the world, Cognizant, Infosys, Tata, Wipro, HCL and Capgemini were removed from the Permanent Labor Certification Program. 75% of Cognizant employees in the U.S. are Indian nationals. Infosys, Tata, Wipro and HCL are all based in India. Since 2009, these companies alone have requested almost 3 million foreign workers, received over 230,000 H-1B visa approvals and more than 100,000 permanent labor certifications. This is a devastating for foreigners replacing U.S. citizens and a major win for American workers. Was their entire economy based on scamming our country?3h
Commentary Trump Daily Posts@TrumpDailyPosts🚨JUST IN: The green card on ramp just closed for Microsoft, Adobe, and the biggest outsourcing firms on earth. Labor Secretary Keith Sonderling said the department will not take new or pending permanent labor certifications from Cognizant, Infosys, Tata, Wipro, HCL, or Capgemini. No PERM means no employer sponsored residency through those companies. JD Vance named Microsoft the worst abuser and told them to hire Americans.2h
    • Home
    • Technology
    • Gaming
    • Entertainment
    • World & Business
    • Science
    • Sports
    • AI

    2 Sources

    Benny Johnson@bennyjohnsonThe Indian stock market completely COLLAPSED today after the Trump Administration suspended H-1B and foreign labor programs over fraud. The largest IT outsourcing firms in the world, Cognizant, Infosys, Tata, Wipro, HCL and Capgemini were removed from the Permanent Labor Certification Program. 75% of Cognizant employees in the U.S. are Indian nationals. Infosys, Tata, Wipro and HCL are all based in India. Since 2009, these companies alone have requested almost 3 million foreign workers, received over 230,000 H-1B visa approvals and more than 100,000 permanent labor certifications. This is a devastating for foreigners replacing U.S. citizens and a major win for American workers. Was their entire economy based on scamming our country?3h
    Commentary Trump Daily Posts@TrumpDailyPosts🚨JUST IN: The green card on ramp just closed for Microsoft, Adobe, and the biggest outsourcing firms on earth. Labor Secretary Keith Sonderling said the department will not take new or pending permanent labor certifications from Cognizant, Infosys, Tata, Wipro, HCL, or Capgemini. No PERM means no employer sponsored residency through those companies. JD Vance named Microsoft the worst abuser and told them to hire Americans.2h
    Today's Rank

    —

    Not ranked yet

    Today's Rank

    —

    Not ranked yet