TCS shares have fallen 29% in the last 12 months, and 26% on a year-to-date basis. (Image: TCS) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tata Consultancy Services Ltd. (TCS), in its analyst call on Thursday, dismissed any major impact of the hike in fee for H-1B visa applications. This comes after US President Donald Trump had last month signed a sweeping proclamation imposing a new $100,000 annual fee for H-1B visa applications. The move was expected to impact all the IT firms.

The IT major said localisation efforts were on-going and it has only 500 associates currently in the US working on H-1B visas. In addition, it clarified that its business model is adaptable to any potential changes in the US immigration policy.

Last year, Indian citizens accounted for 71%

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