H-1B visa: US scraps discriminatory outsourcing fee on Indian firms
H-1B visa: US scraps discriminatory outsourcing fee on Indian firms

In a relief to Indian IT companies, the US has scrapped an additional fee of USD 2,000 for H-1B visa and USD 2,500 for L1 visa seen as discriminatory.

Indian IT companies among world's worst paymasters
Indian IT companies among world's worst paymasters

Indian IT companies are among the 10 worst paymasters in the world, says a survey -- a mid-level IT manager draws an average salary of USD 41,213 while his Swiss counterpart gets over four times more.

India, EU likely to restart FTA talks on Aug 28

After a gap of about two years, India and the European Union are expected to resume negotiations on August 28 on the proposed free trade agreement (FTA) to boost two-way commerce and investment.

India IT behemoths revamp culture to attract young talent, battle start-ups

Those young set-ups say they go beyond cookie-cutter solutions and argue that they do the job more quickly and for less.

Disney ABC TV reverses plans to outsource IT jobs

Amid reports of a US government probe of two top Indian IT companies for possible violations of H-1B visa rules, Disney ABC TV has cancelled plans to outsource IT jobs, according to a media report

US to start accepting H-1B petitions from April 1

The US has invited applications from aspirants for the coveted H-1B visas, hugely popular among Indian IT companies, from April 1.

Killer H-1B provisions still in immigration bill despite deal

The "killer provision" of ban on client site placement for H1B workers, which may prove to be detrimental to the interests of major Indian IT companies, remains in place despite a last minute deal reached between key Senators on certain provisions of the immigration bill.

Europe, the hot-spot for acquisition by Indian IT cos: Experts

Besides the Tata-Alti deal this month, Geometric acquired 3Cap Technologies for 11 million euros in January.

Muted Dec quarter earnings likely for Indian IT cos: Analysts

Traditionally, the October-December quarter is a weak quarter for IT companies as the number of working days is lesser compared to other quarters due to the holiday season at the client locations.

IT companies' revenues surge despite slowdown: Survey

Indian technology, media and telecommunication companies are set to register a healthy growth in revenues this year despite a slowdown in economic growth and global uncertainties, an industry survey has revealed.

Software service cos may post muted growth in Jul-Sept: Experts

Market experts expect companies to report a sequential revenue growth of about 4 percent, driven by volumes and the depreciation in rupee.

'Indian IT firms supported 2.8 lakh jobs in US last year'

Indian IT companies supported as many as 2.8 lakh jobs in America last year amid a gloomy employment scenario in the US and have invested a whopping over five billion dollars in FDI through acquisitions and green-field projects, according to India's top envoy here.

Infosys falls nearly 2% ahead of Q4 results

Shares of software major Infosys on Thursday fell by about 2 percent as investors turned cautious ahead of its fourth quarter financial results to be announced on Friday.

Indian, US companies seek Obama's intervention on visa delays

Top Indian and American IT companies has sought the intervention of US President Barack Obama on "unprecedented delays and uncertainty" around L1 work visas, which they argued is badly effecting their business and work, a media report said.

Wipro focusing on cloud, analytics and mobility solutions

IT major Wipro is betting big on areas like cloud, analytics and mobility solutions to boost its business in the domestic market here, a top company official said.

Nasscom maintains growth forecast of 16-18% for IT industry

The sector is slated to bring in revenues of USD 68-70 billion.

Tech cos play down gains from rupee free fall

A sharp decline in the rupee means Indian IT services exporters are getting more bang for their buck, but most top executives are wary of the sudden dip as it adds to the current uncertainty.

India IT spending to reach $79.8 bn in 2012: Gartner

Indian companies are expected to continue investing in IT infrastructure despite global economic challenges and the country's IT spending is projected to grow 9.1 percent to USD 79.8 billion in 2012, according to research firm Gartner.

Indian IT biggies can withstand demand uncertainty: S&P

Credit rating agency Standard and Poor's (S&P) on Monday said top three Indian IT companies – Tata Consultancy Services, Infosys and Wipro -- are likely to maintain their investment grade ratings even if demand weakens.

Indian insurers to spend $1.8 bn on IT in FY'12: Gartner

Indian insurance companies will spend USD 1.8 billion on IT products and services this fiscal, an increase of 11.7 percent from last year, according to market analyst firm Gartner.