Relief for India’s IT Giants as US Clarifies H-1B Visa Fee Rule

Welcome Back Investor!

Trump’s proposed $100,000 H-1B visa fee could shake up the tech world - but there’s a twist. A hidden clause allows firms to skip the hefty charge if their applications serve “national interest.” That means big players might dodge costs while startups could feel the squeeze. The question is - who really decides what’s in America’s best interest?

Let’s dive in!

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IMPACT NEWS

Relief for India’s IT Giants as US Clarifies H-1B Visa Fee Rule

The Biden administration may have tightened rules around immigration, but it’s Donald Trump’s proposed $100,000 H-1B visa fee that has set the tech world buzzing. On the surface, the plan looks like a heavy financial blow for Indian IT firms and U.S. startups alike, both of which rely heavily on skilled foreign workers. But here’s where it gets interesting - a hidden “national interest” clause could allow certain companies to bypass the fee entirely.

This means that if a firm can argue its H-1B hires directly benefit U.S. interests - say, in critical areas like defense tech, AI innovation, or semiconductor development - it may be spared from paying the massive charge. The catch? Such exemptions could tilt the playing field toward deep-pocketed giants with strong lobbying power, leaving smaller startups and mid-tier IT firms shouldering the burden.

For Indian IT heavyweights like Infosys, TCS, and Wipro, the fee might just be a dent. But for leaner firms trying to break into the U.S. market, it could be a make-or-break moment.

MARKETS

A cautious note today with Sensex down 466 points and Nifty slipping 125 points, dragged mainly by a sharp selloff in IT stocks after the US proposed a steep $100,000 H-1B visa fee on new applications, raising concerns over margins for Indian tech giants. The Nifty IT index fell nearly 3%, led by TCS, Infosys, HCLTech, and Wipro, while banks posted mild losses and midcaps underperformed. Autos, metals, and oil & gas lent some support, but a weaker rupee (~88.3/$) added to the risk-off sentiment, leaving markets in the red by close.
_{Closing figures as on 22.09.25 (3.30pm IST)}

🔎 In Focus

Stock Performance:

Top Gainers

✅ Adani Green Energy: Shares jumped nearly 12% after SEBI dismissed Hindenburg allegations, restoring investor confidence. Heavy volumes and a bullish Jefferies target upgrade further fueled the rally.

✅ Adani Energy Solutions: The stock gained +7%, extending its three-day winning streak. Optimism from the SEBI clean chit and strong technical buying momentum drove gains.

✅ Adani Enterprises: Rose over +4% as the flagship benefitted from the group-wide sentiment boost post-SEBI order. Brokerages like Jefferies see further upside, keeping buyers active.

✅ HUDCO: Climbed nearly 5% after its MoU with NBCC for housing and infrastructure projects. Strong project pipeline visibility kept the stock in demand.

Top Losers

🔻 Mphasis: Fell almost -5% as the entire IT sector came under pressure after the U.S. proposed a $100K H-1B visa fee, sparking margin concerns.

🔻 LTIMindtree: Dropped -4.5% on heavy selling in IT names. Fears of higher onsite costs in the U.S. dragged mid-tier tech firms sharply lower.

🔻 Coforge: Slipped over -4% as policy-driven jitters weighed on IT exporters. Traders booked profits amid weak sector sentiment.

🔻 Persistent Systems: Lost -4.3% alongside other IT peers, with investors worried about potential margin hits from U.S. visa cost changes.

INDIA FRONTIER

Everything else you need to know today

🚀 Resurgence: In just two days, Adani Group stocks added ₹1.7 lakh crore, taking its market cap above ₹15 lakh crore. The rally comes on the back of a SEBI clean chit, with Adani Power and Total Gas spearheading gains. Investors are eyeing whether this momentum signals a long-term comeback.

🎇 Overhaul: India’s new GST 2.0 is being hailed as a Diwali gift - streamlining the tax system into just two slabs: 18% and 5%. While this brings huge compliance relief, experts warn that administrative bottlenecks could still play spoilsport. Will this reform light up the economy or spark new challenges?

🌊 Ripple: Jefferies says the proposed $100K H-1B visa fee could shake up Indian IT giants like TCS, Infosys, and Coforge. While larger firms may absorb the shock, mid-tier players could see margins squeezed. The bet? Scale and automation will decide who stays afloat.

📈 Surge: Samsung shares jumped 5% after reports it cleared Nvidia’s quality test for high-end chips, boosting South Korea’s Kospi to a record high. The news underscores Samsung’s growing clout in the AI chip race - tightening the competition with TSMC.

SPECIAL

India’s IPO Wave: JPMorgan Sees the Surge Continuing

India’s IPO market is riding an unprecedented wave, and JPMorgan believes the surge is far from over. After record-breaking listings in 2024, global investors are treating India as one of the most promising equity markets, buoyed by robust economic growth, rising domestic demand, and a government push for market-friendly reforms.

The momentum is visible across sectors - financial services, consumer tech, renewable energy, and manufacturing are all tapping into public markets to unlock value. According to JPMorgan, this trend isn’t just cyclical; it reflects a structural shift as India positions itself as a magnet for global capital flows.

The excitement is also being fueled by strong retail participation, with younger investors eager to ride the IPO wave. However, experts caution that inflated valuations and global uncertainties could temper the pace ahead.

For now, the message is clear: India is no longer just an emerging market story - it’s becoming a central stage for global IPO activity. The big question is whether companies can sustain this golden run and deliver beyond the listing day hype.

THE HANOOMAAN INSTITUTE

🧠 The Hidden Biases Blocking Your Wealth Journey

Building wealth isn’t just about making smart investments or earning more - it’s also about outsmarting yourself. Our brains come hardwired with cognitive biases that quietly sabotage financial decisions. The wealthy understand this - and actively work to avoid them.

Take confirmation bias: chasing only information that validates what we already believe. An investor might cling to bullish news about a stock while ignoring red flags. Then there’s loss aversion - the tendency to fear losses more than valuing gains. This keeps many stuck in “safety nets” that erode purchasing power over time.

Anchoring bias is another trap. People fixate on the first number they hear - whether it’s a stock price or house value - and struggle to adjust even when market realities change. Add recency bias, where the latest event feels like the permanent future (think: panicking during a crash or over-exuberance in a rally). And finally, the bandwagon effect, blindly following the crowd because “everyone’s doing it.”

Wealth builders know money isn’t just math - it’s psychology. The edge isn’t about predicting markets, but mastering your own mind.

SUPERCHARGE YOUR INVESTING SKILLS

STOCK SCREENER TO UP YOUR GAME

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Thanks for reading.

Until tomorrow!

Hanoomaan India Business team

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