The United States Citizenship and Immigration Services has announced that it has reached the cap on Congressionally mandated 65,000 H-1B work visas, the most sought after by Indian professionals.
As in the previous years, the US Citizenship and Immigration Services can issue a maximum of 65,000 H-1B visas, which is most popular among IT professionals and companies in IT services.
Now White House would carry out its review of the proposed regulation, take inputs from various agencies, before taking a final call. The entire process could take from a few weeks to several months.
US to fix the immigration system that keeps American firms from hiring the top world talent they need.
Marico may buck the industry trend with the fast-moving consumer goods (FMCG) major reporting strong growth and favourable commentary in a weak quarter for the industry. The company reported consolidated revenue growth of 8 per cent year-on-year (Y-o-Y) in Q2FY25. Domestic revenue growth was 8 per cent Y-o-Y with 5 per cent volume growth (4 per cent in Q1FY25).
The United States on Monday said India 'missed' a major opportunity to get a liberalised regime for the much sought-after H1B visas by not agreeing to Doha deal in Geneva this July.
US Senators introduce legislation to cut H1B visas by 15,000.
Indian tech professionals are one of the major beneficiaries of H-1B visas.
Unless something changes, Mr Trump is a huge threat right now, which is perhaps not being recognised fully, cautions Debashis Basu.
USCIS received over 2,36,000 H-1B petitions during the filing period, which began April 1, including petitions filed for the advanced degree exemption.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
The US would start accepting petitions from Thursday for the H-1B visa applications, the most sought after work visa by Indian IT professionals, for the fiscal 2011 without any cutoff date as in the past.
Recruitment from colleges should be done and local people be trained to add value to Indian companies, said Murthy.
After several years of consolidation and price weakness, the cement industry may be moving towards a more stable phase. Pan-Indian, average cement prices have risen through the past three months consecutively.
PVR Inox shares hit a 44-month low of Rs 1,154, declining 8 per cent on the BSE in Tuesday's intra-day trade in an otherwise firm market, driven by growth concerns. The stock has slipped 23 per cent from its December high of Rs 1,620, touched on December 5, 2024. It has fallen below its previous low of Rs 1,203.7 from June 4, 2024, and is trading at its lowest level since May 2021.
High-tech industry bodies have welcomed the move to drop a hefty $3500 fee increase in the H1B visa programme, which would also benefit Indian professionals seeking jobs in the US. Hailing the move, they said the US must retain top talent from around the world to retain America's economic leadership.
Almost all Indian IT companies pay between $8,000 and $10,000 per H1B visa as per the hike
The conspiracy with which Patel and Mohta are charged carries a maximum potential penalty of five years in prison and a $250,000 fine.
Information technology professionals, one of main reasons for introduction of the H-1B visa by the US, are gradually losing out their share of the temporary visa programme to teachers and doctors, a study reveals.
US' IT industry wants a cap on H!B visas.
The US had initiated investigation against Infosys and its larger rival Tata Consultancy Services (TCS) for possible violations of H-1B visa rules in June.
Analysts say the impact on Indian entities would not be immediate
IT professionals from India and major Indian IT companies are major beneficiary of H-1B.
Markets to track inflation data, global trends, FII trading this week: Analysts New Delhi, Dec 8 (PTI) Investors' sentiments will be guided by a host of domestic and global macroeconomic data announcements this week, along with the trading activity of foreign investors and trends in world stocks, analysts said. Besides, the rupee-dollar trend and movement of global oil benchmark Brent crude will also be crucial in dictating terms in the market, experts added. "The domestic stock market is likely to be shaped by a mix of global cues, domestic economic indicators, and the flow of investments from foreign and domestic institutional investors. Key factors like the rupee's exchange rate and crude oil prices will play a critical role in determining market trends. "Globally, geopolitical tensions, particularly the ongoing Russia-Ukraine conflict, continue to pose challenges. However, recent declines in the dollar index and US bond yields have created a more favourable environment for emerging markets like India," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. On the economic front, significant macroeconomic releases, including retail inflation and industrial production data from India as well as US core CPI, are expected to influence overall market sentiment, Gour added. Last week, the BSE benchmark jumped 1,906.33 points or 2.38 per cent, and the NSE Nifty climbed 546.7 points or 2.26 per cent. "FIIs turning buyers in early December, in a total reversal of their sustained selling strategy during the last two months, has altered the market sentiments. The change in FII (Foreign Institutional Investors) strategy is getting reflected in stock price movements, particularly in large-cap banking stocks in which FIIs have been sellers," VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. The release of US CPI inflation data will give some insights into the Fed's December meeting, an expert said. "The markets' attention is expected to turn towards macroeconomic indicators like IIP and CPI inflation. Additionally, the trend of FII inflows, following their recent buying spree, will remain a key focal point for market participants," Ajit Mishra - SVP, Research, Religare Broking Ltd, said. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said this week will see significant economic data releases, including GDP numbers from Japan and the UK, along with China's CPI and India's CPI.
In a statement, US Customs and Immigration Services announced that it has received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year 2011.
Of the 65,000 H-1B visas issued by the US annually, 11,000 were lying vacant at the end of 2010.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
Congress should pass laws that create US jobs, not destroy them," said Marc Apter, president of the Institute of Electrical and Electronics Engineers-USA.
The four defendants allegedly used three California corporations to orchestrate the improper submission of more than one hundred H-1B visa applications.
The US Citizenship and Immigration Services on Tuesday said that the lottery was done on April 7.
As predicted the US Citizenship and Immigration Services received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year-2014 before the end of the fifth day of starting the filing.
Donald Trump said America needs highly skilled professionals.
Finance, ICICI Bank, Mahindra &h Mahindra, Kotak Mahindra Bank and Titan were among the gainers. Bharti Airtel, Adani Ports, Tech Mahindra, Reliance Industries, Axis Bank, Larsen & Toubro were the laggards.
Until May 14, the USCIS had received 19,000 petitions in the general category and 8,100 in the advanced degree category.
The new rule stipulates that those who arrive on a work visa should work under the petitioner and not at a client's site.
Kerala has reported the season's first death due to H1N1 virus ahead of the onset of southwest monsoon as various types of viral fever spread in the state, including a large number of dengue cases.
H-4 is issued to the spouse of H-1B visa holders, a significantly large number of whom are high-skilled professionals from India.
The United States will start accepting the applications for H-1B visas, most sought after by Indians, from April one for the fiscal 2011.
As Indian-origin entrepreneur and Republican leader Vivek Ramaswamy pulled out of the Department of Government Efficiency (DOGE), just 69 days after he was announced the co-head of the team along with tech billionaire Elon Musk, a report has revealed that it was the Tesla CEO who wanted Ramaswamy 'out' of the team.
