US President Donald Trump defended the need to have H-1B visas in an interview to Fox News on Tuesday, November 11.

Trump's remarks has led to a surge in India's IT companies on Wednesday. Gains on the Nifty IT index are being led by largecap names such as Tech Mahindra, which are up 3%, while names like LTIMindtree, Mphasis, TCS, and Oracle Financial are up between 2% and 3% as well.

"You also do have to bring in talent," Trump said. “You don’t have certain talents. And you have to, people have to learn. You can’t take people off, like an unemployment line, and say, ‘I’m going to put you into a factory. We’re going to make missiles,” the US President added.

The Trump administration has increased the crackdown on immigration in his second term, imposing a $1,00,000 application fee on th

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