(RTTNews) – Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
The Trump administration has imposed a $100,000 “one-time” payment on new applicants of H-1B visas, which applies only to new visas, not renewals, and not current visa holders. The executive order came into force Sunday at 12: 01 am U.S. Eastern time (0401 GMT).
The focus will also be on trade talks, with Commerce and Industry Minister Piyush Goyal visiting Washington today to accelerate stalled talks on a long-pending trade deal.
“The delegation plans to