Amid the H1-B visa row in India, the US government on Friday said there has been no change in law regarding the H-1B regime and the system continued to be as before.
Ruia-led Essar Group said it has concluded the sale of Aegis BPO to Capital Square Partners for $300 million (nearly Rs 2,000 crore).
The embattled Essar Group on Monday announced the closure of its BPO arm Aegis sale for Rs 2,000 crore and said it has been able to pare debt by Rs 75,000 crore, thanks to the proceeds from the recent sale of its refinery business.
Six months ago I won the lottery — the H-1B visa processing lottery for skilled foreign workers. I called my thrilled parents and celebrated with friends. I’m from northeastern China and have an M.B.A from Stanford, and was planning to stay in Silicon Valley to help start a company based on a promising new technology…
A prominent Indian-American, who holds a key position in the White House, has refuted the notion that US President Donald Trump is anti-immigrant.
A key Congressional committee has voted to pass a legislation that proposes to increase the minimum salary of H-1B visa holders from $60,000 to $90,000 and imposes a number of restriction on the work visa popular among IT professionals from India.
The US government’s increased scrutiny of H1B visa applications would have a bigger impact on skilled professionals than on IT services firms, said Timothy J Zanni, US technology sector leader, KPMG.
Sundar Pichai, India-born chief executive of Google, will partner with large Indian outsourcers to reskill their workforce in building smartphone applications after the country lost out in mobile apps to smaller rivals such as Vietnam and Turkey.
The domestic information technology (IT) sector, already facing pressure on the revenue growth and profitability front, is likely to face delays in approval of extensions of visas such as H1B and L1, as the US has further tightened the rules.
The US government is toughening the process for renewing the popular foreign work visas H-1B and L1, both of which are popular with Indian companies based in the US.