Bank of America has become the first US bank to withdraw job offers made to MBA students graduating from US business schools this summer, citing conditions laid out in its bail-out deal as the reason.
Of the approximately 11,000 employees of Satyam USA, 7,000 are on H1B visas, says Mathew Daniel, a vice president of US operations with the company.
The president's moves will make it easier for entrepreneurs to work in the United States
Students will have more H1Bs to count on after they graduate.
Experts said this would not only reduce Infosys' dependence on the H1B visa, which has seen increased restrictions under the current US administration. It will also help the company in building an employee pyramid for its future operations.
In the wake of ensuing presidential elections in the United States, the Indo-US Business Alliance, a politically strong trade group, is making efforts to get the annual limit of H1B visa raised from 65,000.
They reason that hiring locals abroad -- where they have 'near-shore' (with proximity to the client) development centres -- would help them tap local markets and serve global clients better, win more deals and goodwill in those countries, besides scoring brownie points with the US in an election year (over H1-B visas).
The US is taking several measures, such as increasing the number of staffers, to further facilitate the issuance of business visas in India, a senior US government official said on Tuesday. "We have also made significant progress by issuing more H1B and L visas in 2022 than we did even in 2019 before the pandemic. "This is a significant improvement. We are in the process of raising our staff," Arun Venkataraman, US Assistant Secretary of Commerce for global markets, said.
'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.'
IIM Calcutta (IIM-C) held the first phase of its final placements process between February 21 and 24, which saw a total of 207 offers being made to a total of 265 students from the Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Computer Management (PGDCM) batch of 2007-09.
Looking for crumbs from Obama doesn't say much for India Shining.
Infosys is planning to hire the first 500 within two years.
Details of the Trump's executive order were not immediately known.
On Friday, the stock was the worst hit among the 30 blue-chips on the Sensex
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Obama's action is expected to help a significant number of Indians in the technology field, especially those having H-1B visas
All major Indian IT services providers are keenly watching US President Donald Trump's potential actions on immigration law. Ayan Pramanik reports.
Unfazed by the US outcry on outsourcing and the implications of the recent cut in number of US visas, Wipro Chairman Azim Premji aims to turn his company into one of the top 10 IT service companies in the world.
This was because his wife Anu was not able to join him in Seattle, due to the existing US law that said if a green card holder marries, his/her spouse's visa is rejected.
A US president graced the Republic Day parade in the first year of the Modi regime. Will another American prez turn up in the final year of the first Modi Sarkar?
One morning, just as I entered my cubicle, I got a call from the person in charge of security of our huge building.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
The EAM when asked about his view of the world at present, said it would be "very grim forecast, for the next five years".
In 2015-16, Sikka as CEO took home Rs 48.73 crore as salary (including, bonus and incentives), which is the highest among peers.
Keshav Murugesh, CEO of the Nasdaq-listed WNS, discusses the impact of the Trump administration on BPO and BPM industry with Ayan Pramanik.
China and Mexico seem to be the target of Donald Trump's campaign and his response to get jobs back to America
Nasscom, the apex body that represents the Indian IT outsourcing industry, will demand 'service visas' instead of mentioning H1-B/L1 visas.
Nasscom President R Chandrashekhar discusses the ramifications of Trump's 'Buy American-hire American' agenda with Raghu Krishnan.
Global IT firms seeing dearth of talent in countries such as US, looking for people with such skills from countries like India
Earlier, immigration regulations had set a more stringent standard on the maximum time in H or L status, whether as a worker or an employee.
The endorsement first by a sitting American Senator comes days ahead of the crucial Republican presidential primaries on Tuesday in 11 states.
An undated clip went viral on social media platforms which shows an Indian man, whose identity has not been established yet, is being targeted by an attacker who calls himself an American trails behind him yelling racial epithets.
Senator Chuck Grassley on Thursday wrote to the Secretary of State, Hillary Clinton and Homeland Security Secretary, Janet Napolitano, seeking investigation into B-1 visa programme, used by companies to hire foreign workers, not subject to the cap and the prevailing wage requirements of the H1-B programme.
Infosys on Friday said it is in discussion with clients for a contingency plan to ensure business continuity in the event of the US immigration reforms bill becoming a law.
In her lawsuit, American national Tami Sulzberg alleges that at least 90 per cent of the US workforce of San Jose-based Happiest Minds, whose headquarters is in Bangalore, are South Asians, primarily from India.
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
The proposed increase is almost double from the present fee.
Uncertainty in the economy leads to fewer offers this year.
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