American Depositary Receipts of Infosys and Wipro faced a decline. This followed the Trump administration’s plan. The plan proposed a $100,000 annual fee for each H-1B visa. The policy could significantly impact companies. These companies rely on foreign skilled workers. The proposed fee is part of a broader immigration overhaul.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires