Infosys, Wipro ADRs fall after US suspends IT firms from PERM Programme

Indian IT American Depositary Receipts (ADRs) traded lower in US markets on Thursday (October 8), with Wipro ADR falling 2.4% to $1.63 and Infosys ADR quoted at $10.27. The ADRs came under pressure after the US Department of Labour suspended Infosys, Tata Consultancy Services (TCS), Wipro, HCL Technologies, Cognizant and Capgemini from the Permanent Labour Certification (PERM) programme.

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