IT services firm Wipro on Thursday reported a marginal increase in consolidated net profit to Rs 3,246.2 crore in the July-September quarter, even as company CEO and MD Srini Pallia asserted that the demand environment remains robust with discretionary spends shifting towards AI-related projects.
'Non-compatible with Western Civilization' is about as vague and jingoistic as it gets and Trump saying this gives full license to his acolytes to go full throttle on making life as difficult and scary as possible for as many non-white people as possible,' notes Sree Sreenivasan.
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.
This is against the Congressionally-mandated cap of 65,000 H-1B visas for this year.
Despite an over 50 per cent drop in the number of H1-B visas issued to some Indian IT firms in 2007 against 2006, US Democrat senators Richard J Durbin and Charles E Grassley have written to nine Indian companies that figure among the top 25 recipients of approved H-1B visa petitions in 2007 seeking detailed information on how they use the visa programme.
Thirteen governors in the United States have written to senior senators urging the need to streamline the immigration laws in the country.
The Boston Globe in an editorial asked the Congress to increase the H-1B visas, contending that the US has every economic incentive to keep recent graduates and welcome new immigrants that companies, especially those in tech and innovation, want in Washington.
'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'
Dr Arun Vakil, US visa expert, discusses the current shortage of H-1B visas. He tells Get Ahead readers about the various status -- pending, rejected and approved.
US Secretary of State Marco Rubio claims President Donald Trump was instrumental in bringing about the cessation of hostilities between India and Pakistan, a claim India has consistently denied.
The lawsuit has been filed by American Immigration Council and American Immigration Lawyers Association.
The US Senate has agreed on the broad contours of a comprehensive immigration reform legislation that not only deals with an estimated 12 million illegal immigrants in the US but also seeks to increase the H1B visa allocation.
Dr Vakil, visa and immigration expert, discusses the H-1B visa with our readers. What's the current status? What will happen in the future?
No Republican lawmaker dares cross Norquist, as the majority of them signed on to his Taxpayer Protection Plan, where they pledge never to vote for any legislation to increase taxes.
Getting the popular work visa will become tougher for Indian-Americans.
'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'
IT professionals from India and major Indian IT companies are major beneficiary of H-1B.
Almost all Indian IT companies pay between $8,000 and $10,000 per H1B visa as per the hike
Massive restrictions on legal immigration - including restricting immigrants who contribute to medicine, science, and research in the United States, and who are working to develop treatments for coronavirus and other deadly diseases - will not only hinder efforts to save lives, but prevent job creation and hurt American economy as the country struggles to recover.
The Trump administration is reportedly moving ahead with its decision not to give work permits to the spouses of H-1B visa-holders, arguing that this displaces genuine American workers.
Swaraj and Tillerson discussed a wide range of bilateral issues, including the situation in the neighbourhood and the Indo-Asia Pacific region, officials said.
A Bill to double the number of H-1B visas to 115,000, with the option of raising the limit 20% annually is now pending before US Congress.
Recruitment from colleges should be done and local people be trained to add value to Indian companies, said Murthy.
The ruling came following an argument in an amicus brief by American Immigration Council.
'Trump is not shy when he is frustrated with countries'
The US Mission in India issued almost two-thirds of all H1-B visas that were given worldwide in 2005, according to data from public affairs office, US Consulate General in Kolkata.
H-1B visa programme has over the years brought hundreds of thousands of Indian skilled professionals to the United States.
US' IT industry wants a cap on H!B visas.
All advanced degree petitions not selected then became part of the random selection process for the 65,000 limit.
Donald Trump said America needs highly skilled professionals.
The four defendants allegedly used three California corporations to orchestrate the improper submission of more than one hundred H-1B visa applications.
Analysts say the impact on Indian entities would not be immediate
With average returns of 18 per cent over the past year, listed real estate investment trusts (Reits) have clearly outperformed both the Nifty Realty index and the Sensex. Over the same period, Nifty Realty fell 15.5 per cent, while the benchmark index was largely unchanged. Steady office leasing, the Securities and Exchange Board of India's (Sebi's) decision to reclassify Reits as equity instruments, and ongoing portfolio expansion have strengthened the sector's appeal.
Bullish on increased outsourcing by the US IT firms from India, the domestic software firms view as "positive" or of "little impact" last week's decision by the US to reduce H-1B visa issued to workers in technology industry to 65,000 from 195,000.
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.
'Skilled labour is different from immigration.' 'While any adverse immigration ruling will impact Indians, it may not necessarily affect the IT services industry.'
The United States will start accepting the applications for H-1B visas, most sought after by Indians, from April one for the fiscal 2011.
