Infosys, TCS, HCL Tech, Wipro and other IT stocks are in focus after the US Department of Homeland Security proposed a $103,265 fee on H-1B cap-subject petitions. The charge would be additional to existing fees and could generate $8.8 billion annually, based on 85,000 petitions. The proposal is not final and will undergo a 30-day public comment period.

The US Department of Homeland Security (DHS) has proposed raising the fee for certain H-1B visa petitions to $103,265. The proposal, posted in the Federal Register on Monday,…

The proposed fee of $103,265 fee by DHS has been posted online in the Federal Register on Monday to be formally published on Tuesday. | World News