The industry's operating margins will narrow by 0.30- 0.80 per cent largely on an increase in local hires which the industry has been forced into due to the policy framework in its markets.
But Indian information technology workers might do better without the companies that held them back, says Mihir S Sharma.
'As the global economy undergoes significant transformations in 2025, India's ability to navigate the complexities of trade wars, financial realignments, and emerging blocs will be pivotal,' explain Harsh V Pant and Soumya Bhowmik.
The US Citizenship and Immigration Services has received about 22,000 petitions for the much sought after H-1B work visas in the first four days after it started accepting applications on April 2, officials said.
'Democrats don't care about those on H-1B visas. They don't care about the Green Card backlog.' 'President Trump wants to stop the massive flow of illegal immigrants and focus on a robust and legal immigration system.' 'Indian Americans would thrive in such an immigration system.'
India's software industry mounts two-pronged campaign to tackle Trump administration. Ayan Pramanik & Karan Choudhury report.
The US president's stance on immigration could lead to a change in H1B visa rules.
If elected, Trump said he would take action against companies that replace American workers.
Infosys may have put the visa misuse investigations behind it through a civil settlement with the US authorities, but experts believe that the episode might drag its other peers under the scanner.
And the First Lady Melania was in tears -- not of joy -- after hearing about the surprise win.
Bharatiya Janata party leader Sushma Swaraj on Tuesday met visiting United States Vice President Joe Biden and raised the issue of visa to skilled workers but refrained from discussing the lifting of ban on American visa to Gujarat Chief Minister Narendra Modi.
All companies that have 50% or more employees from outside the US to pay a higher visa fee of $10,000 for each such staffer, against $4,500 at present.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
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The immigration bill, from the US point of view, is going to bring in much more talent to the US, which is desirable aid, said economist Arvind Subramanian.
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
Illegal immigration, he said, has resulted in crime, corruption and inflation.
The lawsuit seeks to overturn these sweeping and unlawful immigration restrictions that are an unequivocal not welcome sign to the engineers, executives, IT experts, doctors, nurses, and other critical workers who help drive the American economy.
Earlier in the year, Modi government had moved WTO against the US imposing higher fee for applicants seeking two categories of non-immigrant temporary working visas
While companies having fewer visa holders in the US seem to be less exposed to rising protectionism, most front-line IT stocks are trading at attractive levels and, to a large extent, factor in near-term headwinds.
A copy of the letter dated February 29 was released to the media.
With Democrats having an upper hand in US Congress, the Donald Trump administration will find it difficult to come up with any future legislative changes with regard to visa regulations.
Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
If the visa issue ultimately requires certain other considerations at govt level, we will consider that, says Ravi Shankar Prasad
Announcing the visit from June 25, the external affairs ministry on Monday said the Modi-Trump discussions will provide a new direction for deeper bilateral engagement.
The US Congress has imposed a special fee of up to $4,500 on the H-1B and L-1 visas.
From the perspective of an American worker who is being displaced it does not make a difference whether he is displaced by a visa-dependent company or a non-visa-dependent company or a 50-50 company or whatever: Nasscom president.
In this scenario, the Indian information technology industry and government have two distinct items on the agenda before them.
This is a culmination of the joint investigation carried out by the Department of Justice and the Department of Homeland Security.
Trump said he is very close to a deal on DACA.
Wives of thousands of skilled professionals from India and other countries in the US on H-1B and other temporary work visas are increasingly frustrated because they were not allowed to work, a report said on Monday.
It was expected to be a friendly Bill for the IT outsourcing industry
The US government should not only look at salary, but also focus on skills while making immigration reforms
With the third and final round of layoffs implemented by Facebook's parent company Meta Platforms, Inc. in process globally, India, too, has seen its impact, with some senior executives being asked to leave. Some of the executives to have been impacted are Avinash Pant, India's director of marketing; Saket Jha Sourabh, director and head of media partnerships; and Amrita Mukherjee, one of the directors on the legal team. An email sent to the company did not elicit any comment on the development until the time of going to press.
Indian IT industry veterans believe lack of maturity from the political leadership may have helped people in the US to take advantages.
Through these new hires and centres, Infosys will also focus on enhancing its play in new technology areas like artificial intelligence (AI), machine learning, user experience, cloud and big data.
Most of the 250 freshers Infosys hired from US campuses last year would be deployed in sales
'As far as skilled immigration is concerned, the US needs Indian skills and Indian talent, and there are no two opinions about it even among US companies.'
WH said they are expected to set forth a vision that will expand the bilateral partnership
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