H-1B work visas has boosted overall welfare of Americans, finds study

H-1B work visas – the most sought after by Indian IT professionals – had a “positive effect” on innovation and increased the overall welfare of Americans, a new study has found, amidst uncertainty over the regulations of such visas by the Trump administration. The H-1B visa allows US companies to temporarily employ foreign workers in […]

H-1B visa: Nasscom spent record Rs 2.8 cr to lobby US govt in 2016

National Association of Software and Services Companies (Nasscom), India’s IT services trade group, spent $440,000, or about Rs 2.8 crore, in 2016 to lobby with the US Congress, making it the highest spending in the decade and a half period during which the body began pushing its case for a more liberalised visa regime for […]

Essar sells BPO company Aegis for $275-300 million

Ruias-led Essar Group today announced sale of its BPO company Aegis Ltd to Singapore-based private equity fund manager Capital Square Partners for an estimated $275 to 300 million. The sale marks Essar’s complete exit from BPO business. Essar had in July 2014 sold Aegis USA Inc, an outsourcing and technology company with operations in the […]

Indian firms are taking advantage of ‘flawed’ H-1B system: US lawmaker

US President Donald Trump supports a bill that proposes a massive hike in the minimum salary for those employed on H-1B visas, an influential American lawmaker has said while alleging that Indian companies have “gamed” the “flawed” US immigration system. Congressman Darrell Issa, who recently introduced the legislation, insisted that his move would bring the […]

H1B visa: Indian techies could be hit as bill against outsourcing jobs reintroduced in House of Representatives

A bill seeking to prevent US companies from outsourcing jobs overseas by “abusing” H1-B programme has been re-introduced in the House of Representatives and may hit Indian IT firms and professionals. Democratic Congressman Derek Kilmer and his Republican colleague Doug Collins introduced the bill aimed at stopping employers, that are awarded temporary visas through the […]

Temporary relief as US relooks H-1B visa rules

The United States may take longer than expected earlier to tighten laws for overseas professionals in the country, White House press secretary Sean Spicer has indicated, offering hope to Indian companies that they may be able to benefit from the existing H-1B visa policy for their workers this year. Spicer said that the Donald Trump […]

Essar plans to set up 2,000-seat BPO at Ranchi: Ruia

Essar is planning to set up a BPO facility with a sitting capacity of 2,000 here, and hopes to obtain coal linkages for its 1,200 MW thermal power plant at Tori in Jharkhand, the company’s chairman Shashi Ruia today said. Essar’s outsourcing business Aegis has set up BPO facility at Jamshedpur with 2,500 seating capacity. […]