Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
India said on Wednesday that it has conveyed its concerns to the United States over the hike in fees for H1B and L category visas and hopes for an 'early resolution' of the issue as the move was affecting Indian companies.
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After announcing the September quarter results on Tuesday which showed a 34 per cent increase in net profit to Rs 4,702 crore (Rs 47.02 billion), its chief executive officer and managaing director N Chandrasekaran had hinted at ramping up hiring for the fiscal.
The Trump-Bahubali video, which ends with "USA and India United", went viral after Trump retweeted it.
"We are concerned about the data localisation law and the new e-commerce regulations...they do not fully take into account the needs of all stakeholders, including American and other foreign companies," acting principal deputy assistant secretary of the US, Thomas Vajda said.
'It is highly doubtful that the Trump administration will consider inserting itself into the volatile India-Pakistan dispute.'
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Malcolm Frank, executive vice-president, strategy and marketing, Cognizant, in conversation with Shivani Shinde Nadhe & Ayan Pramanik.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
With Donald Trump the appeal has to be to his business instincts in which his personal interests seem to play a significant role, says former foreign secretary Kanwal Sibal.
IndusInd Bank was down nearly 1% even after it reported a 21% rise in its fourth-quarter profit
'There will be some issues of contention, especially on H1B visa and on trade policy.'
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
To secure a work visa in the US, students have to find an employer who can sponsor it.
Even as the H1-B cap for the year was reached for regular and 'advanced degree' students, the Department of Homeland Security announced an extension of the Optional Practical Training period up to 29 months.
BJP president Rajnath Singh has said that he did not bring up the Modi visa ban issue even once during his deliberations in Washington, DC, also dismissing the controversy over letter to President Barack Obama by Indian parliamentarians, reports Aziz Haniffa.
Let's take a look at companies that issue most visas.
US election results may not reverse Indian markets' bearish trend, says Devangshu Datta
Protectionism and a rollback of regulation. Defusion of tensions with Russia and a lowering of geo-political risks. Looser fiscal policy and tighter monetary policy. At least Donald Trump can't be faulted for not trying something different where existing policies have disappointed, says T T Ram Mohan.
US President-elect Donald Trump has vowed to pull out of the Trans-Pacific Partnership, the world's largest trade deal, and investigate abuses of work visa programmes as he outlined his policy plans for the first 100 days in office.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
'There will be very strong interest in cooperating with India under any future American administration, but on the margins India will need to be careful not to tip its hand regarding the election.'
US Consulate General Mumbai's Consular Chief Deanna Abdeen addressed reader queries on how to apply for a US visa.
Stricter regulations in US forces industry to look at these countries with a market size of $300 billion
Markets under pressure; IT financials grab spotlight.
An H4 visa is granted to the spouse/child of an H-1B worker.
In a major move that will benefit hundreds and thousands of Indian IT professionals in America, the Biden administration has introduced an ambitious immigration bill in Congress which among other things proposes to eliminate the per-country cap for employment-based green cards.
Hiring Americans can strain margins of IT firms operating in US.
'It is no longer practical to expect parents to pay anywhere between $40,000 and $55,000 for the year or even half for the term if there is no clarity.'
Devangshu Datta highlights the silver lining for the long-term investor.
In the second quarter, attrition for the IT firm hit an all-time low of 8.9 per cent, a fall of 120 basis points on quarter-on-quarter basis.
Ignoring the concerns of Corporate America and India, US President Barack Obama signed into law a new Border Security Bill proposing a steep hike in some categories of H-1B and L-1 visa fees on Friday.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
In the run up to three years of the National Democratic Alliance government, Minister of State for Commerce and Industry (Independent Charge) Nirmala Sitharaman says it is time to consolidate some of the major initiatives as well as take new steps.
There is a lot of optimism across all markets and a large part of it is justified, says Samir Arora of Helios Capital Management.
Trump will host Modi at the White House on Monday afternoon.
A bipartisan legislation has been introduced in the US House of Representatives to eliminate the per country cap on employment-based Green Card, a move which is likely to benefit Indian IT professionals languishing over decades of waiting for the Permanent Resident Card. The legislation was introduced by Congresswoman Zoe Lofgren and Congressman John Curtis. The Equal Access to green cards for Legal Employment (EAGLE) Act, 2021 needs to be passed by the Senate before it can be sent to the White House for the president to sign it into a law. A Green Card, known officially as a Permanent Resident Card, is a document issued to immigrants to the US as evidence that the bearer has been granted the privilege of residing permanently.
With the arrest of seven Indians, American authorities have claimed to have busted an immigration racket run by an infotech company owner who charged tens of thousands of dollars from expatriates by fraudulently sponsoring their H-1B work visas.
Why are students being forced to go abroad to study?
With visas set to max out quickly again, tech companies want more. Amid rising joblessness, does America need more skilled foreign workers?
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