Live Terminal
#INFY

Infosys sees no material impact from US suspension of PERM applications

Share on WhatsApp Telegram
⚡ Instant Key Takeaways (TL;DR)
🎯
Core Development: Infosys sees no material impact from US suspension of PERM applications
📊
Market & Financial Impact: The US government said on Thursday it was suspending some major ‌global tech and IT firms, including Infosys, from the PERM green card program
💡
Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

India's second-largest IT services firm said it expects no material impact from the US government's suspension of its access to the PERM green card programme for skilled foreign workers

Infosys, India's second-largest IT firm, ​said on Saturday that ​it does not anticipate ‌a material impact from the Permanent Labor Certification (PERM) application suspension announced by the US government.

The US government said on Thursday it was suspending some major ‌global tech and IT firms, including Infosys, from the PERM green card program, which allows skilled foreign workers to gain ​permanent residency in the US through their ‌employment.

"We welcome the opportunity to ​work with ‌the Department of Labor and ‌related government agencies to answer any questions ‌they may ​have," Infosys ​said in an exchange filing.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

📰
Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Business Standard ↗
Link copied to clipboard! ✅