Business news · Policy & Regulation · 22 Sept 2026
A presidential proclamation dated September 18 extends the $100,000 payment on certain new H-1B workers outside the US to September 21, 2027. Renewals and workers already in the US are excluded. The administration said H-1B registrations by the largest IT outsourcing firms had fallen 92% since the 2025 proclamation. A Massachusetts federal judge ruled the fee unlawful in June, and the First Circuit refused to stay that ruling on July 24. A US Chamber of Commerce challenge is pending in the DC Circuit.
Indian IT services companies have historically used H-1B visas to staff US client sites. The fee raises the cost of sending new staff onshore, which pressures margins on onsite-heavy contracts and pushes delivery toward offshore centres and local US hires. Since collection is blocked by the court ruling for now, the immediate cash impact is limited. The 92% drop in registrations shows large firms have already cut their reliance on new visas.
Reported by Business Standard — “H-1B shock continues: $100,000 fee extended through September 2027” ↗ on 22 Sept 2026.
NSE stocks, from the last close on or before 22 Sept 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Information Technology | 40 | +5.2% | 24 of 40 | +9.5 pts |
| All tracked stocks | 804 | -4.2% | 196 of 804 | — |
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