In a regulatory filing released on Monday, October 12, Infosys stated that the United States’ decision to suspend new and pending applications under the Permanent Labor Certification (PERM) programme would not have a material impact on its operations. The Bengaluru‑headquartered IT services firm added that it has invested in building a strong local workforce and technology and innovation hubs across the United States. Infosys reaffirmed its commitment to employees, clients and communities in the country and to complying with all applicable laws and regulations.

The company welcomed the opportunity to work with the Department of Labor and related government agencies to answer any questions they may have. It also highlighted that its US workforce strategy focuses on hiring local talent through a robust campus recruitment model, with a significant local workforce across 31 offices and delivery centres in the country. Infosys said it remains committed to its employees, clients, and communities across the United States and to complying with all applicable laws and regulations.

Tata Consultancy Services (TCS), another IT bellwether, also said it sees no impact from the new decision. TCS noted the US government’s announcement on the PERM programme and would comply with any directive from the Department of Labor. The company added that its US workforce strategy focuses on hiring local talent through a robust campus recruitment model, with a significant local workforce across 31 offices and delivery centres in the country.

The US Labour Secretary Keith Sonderling announced last week that eight companies – Adobe, Microsoft, Infosys, TCS, Wipro, HCL Tech, Cognizant and Capgemini – are now suspended from the PERM programme. The Trump administration has suspended these companies from the US government’s Permanent Labour Certification Programme, an important stage for foreign workers seeking green cards in America. The move is part of a wider crackdown to target fraud and protect American jobs.

For the week ending October 9, 2026, the NIFTY IT index, composed of 10 stocks, rose 1%. However, on a year‑on‑year basis, it has tanked 20%. In the previous week, seven out of 10 IT stocks on the index ended in green, with Persistent Systems (7.5%), Mphasis (4.9%), TCS (3.9%), Coforge (2.3%) and Wipro (2%) being the top contributors. HCL Technologies (-2.1%), Tech Mahindra (-1.2%) and Infosys (-1.1%) were the only losers.

On Friday, Infosys shares settled at ₹1,023.4 apiece on the National Stock Exchange, rising 2.65%. From the beginning of the year, Infosys shares have fallen 37%. Over a month’s time, the stock has slipped 1%, while it has fallen 20% in the past six months. Shares of the company had touched their one‑year high of ₹1,728 apiece on February 3, 2026, while their 52‑week low of ₹980.40 was hit on September 29, 2026. Infosys has a total market capitalisation of ₹4.15 lakh crore as of October 9, 2026, according to data on the NSE.