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India freaks out over U.S. plans to change high-skilled visas

India freaks out over U.S. plans to change high-skilled visas
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Amid the hue and cry over President Trump’s travel ban, news of another potential change to American immigration rules has set off a panic attack in India’s tech industry.

Major Indian tech shares took a nosedive on Tuesday on reports that Trump is planning to make changes to the H-1B visa program that allows skilled foreigners to work in the U.S.

Shares in Tata Consultancy Services (TCS), India’s biggest private sector employer, plunged more than 5% on Mumbai’s stock exchange, while other top firms like Infosys (INFY) and Wipro (WIT) fell by more than 4%…

Read more at http://money.cnn.com/2017/01/31/technology/india-h1b-visa-trump-tech-companies/index.html?sr=fbcnni013117india-h1b-visa-trump-tech-companies0130PMVODtopLink&linkId=33961931

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