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Indian IT companies News

07 Nov 2022

THESE Wipro employees to get 100 per cent variable pay; check payment date

Wipro announces 100 per cent variable pay. IT firm will give variable pay to all of its band A to B3 employees. The variable compensation amounts to 93.5 per cent.

H-1B work visas

12 Feb 2021

Biden very clear about restoring order to immigration system: White House

The White House has said that Prez Biden is very clear about restoring order to the immigration system The White House said this while responding to a row over H-1B work visas

H-1B work visas

21 Jun 2019

No plans to place caps on H-1B work visas over data storage rules, clarifies U

Any proposed cap on H-1B work visas will affect the Indian skilled workers the most.

25 Apr 2018

H1B approvals for Indian IT companies drop by 43% between 2015-17: Report

The National Foundation for American Policy in a report said that the 8,468 new H-1B visas for Indian-based companies in the finanacial year 2017 equaled only 0.006 percent of the 160 million in the US labour force.

Ravi Shankar Prasad

23 Jan 2018

India, ASEAN marked by 3 C’s of Culture, Commerce and Connectivity: Ravi Shankar Prasad

Prasad highlighted that Indian IT companies did not displace jobs but rather created employment opportunities, infused investments and expanded capacities in markets where they are present.

20 Jul 2017

Wipro announces Rs 11,000 crore share buyback

The company said it will disclose additional information on the terms and conditions of the buyback in due course in accordance with Buyback Regulations.

India's IT industry

05 Jun 2017

Havn't heard, seen massive layoffs in IT sector: Gopalakrishnan

The opportunities for new recruitment and promotions have shrunk in India's IT industry, a phenomenon natural when growth slows down, says an industry expert, who sees no merit in reports about massive layoffs.

Indian IT companies

28 May 2017

'IT to remain net recruiter, automation to watch out for'

Recent layoffs in Indian IT companies are not different from the past and the sector will remain a net recruiter, but the numbers will be "calibrated" and automation impact will be crucial, says a report.

HCL Technologies

24 May 2017

HCL Tech to buyback stock at 17% premium for Rs 3,500 crore

India's fourth largest software services firm HCL Technologies on Wednesday said it will buyback shares at Rs 1,000 apiece, a 17 per cent premium over current trading price.

Singapore visa norms

03 Apr 2017

More trouble for Indian IT professionals: After US, Singapore tightens visa norms

While the Trump administration, on one hand, fuelling rise in anxiety in India with its clampdown on H1-B visa programme, Singapore has been quietly cutting down visas for Indian IT professionals over the last few months, the Times of India reported today.

Indian IT companies

17 Mar 2017

H-1B visa row: Our IT companies not stealing US jobs, but creating them, says Ravi Shankar Prasad

Union IT minister Ravi Shankar Prasad on Friday said Indian infotech companies are not stealing American jobs but are in fact creating employment avenues in the world's largest economy.

02 Feb 2017

Stop sending Indians on H1-B visas, hire US locals: Narayana Murthy to Indian IT companies

Indian software companies need to stop sending people on H1-B visas and focus on local hiring in the US, Infosys co-founder N R Narayana Murthy said Thursday amid rising concerns over Donald Trump administration's proposals to restrict inflow of foreign workers.

02 Feb 2017

`Trump not planning any executive order on H-1B visas`

The Trump administration has no plans to come out with an executive order on H-1B visas, a prominent Indian-American donor and supporter of the US President claimed today, contradicting media reports that have generated anxiety in India.

31 Jan 2017

H-1B reform bill introduced in US House of Representatives; seeks doubling of minimum salary to $ 130,000

A legislation has been introduced in the US House of Representatives which among other things calls for more than doubling the minimum salary of H-1B visa holders to USD 130,000, making it difficult for firms to use the programme to replace American employees with foreign workers, including from India.

08 Jan 2017

This is why H1-B visa may become allusive soon, IT workers to be hit hardest

Many of you aspiring to go to the US in search of greener pastures may have to rejig career plans as US may soon be bringing in changes in the H1B visa programme aimed at curbing immigrant workforce.

27 Jun 2016

How Brexit will affect India

Brexit may actually strengthen India's position as a truncated EU may have to rework its negotiation strategy in order to gain market access.

23 Jun 2016

Companies with UK exposure trade mixed ahead of Brexit vote outcome

Shares of companies with exposure to the UK saw mixed trading ahead of the crucial 'Brexit' referendum outcome.

23 Jun 2016

Britain's exit will have an impact on IT sector

27 May 2016

Indian companies to pay $4,000 more for H-1B visa fee

Flagship Indian IT companies would have to pay at least an additional USD 4,000 for every H-1B visa application under the new regulations that came into effect last December, according to details published today by a federal US agency.

14 Apr 2016

US visa fee hike discriminatory, targeted at Indian IT companies: Arun Jaitley

India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals

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