Indian tech stocks declined on Monday over concerns US President Donald Trump’s hefty fee for new H-1B visas may lead to operational difficulties for outsourcing giants. Trump slapped a $100,000 application fee on the widely used visa program, a move that would drastically increase the cost of visas heavily coveted by some of America’s largest companies seeking to bring in skilled workers from abroad. The president also unveiled a “Trump Gold Card” visa program — where for the price of $1 million, individuals could get US residency. In other news, Trump suggested that Fox Corp. Chairman Lachlan Murdoch and his father Rupert Murdoch are involved in the US takeover of the video app TikTok from its Chinese owners.
Today’s guests: Christian Keller, Barclays Head of Economics Research, Kinga Redlowska, RUSI Centre for Finance and Security Europe Head. (Source: Bloomberg)
