BUSINESS
H-1B visa: President Joe Biden’s proposed immigration bill could bring relief for Indian techies, IT firms
One of the provisions of the bill was to provide US citizenship to 11 million undocumented immigrants, including 500,000 from India, in an eight-year time frame. But there was more in store for H-1B workers and students who would like to pursue education in the US.
BUSINESS
L&T Technology Services to roll out salary hikes
While junior employees will get their increments effective April 1, senior employees’ salary increases will be rolled out in July.
BUSINESS
Take a Hike: Why Kavin Mittal shot the messenger
The shutdown of Hike’s messaging service surprised many, but for those watching closely, the signs were always there. More than four years after it became a unicorn, Hike, which has now entered other segments such as gaming, is finding it harder than ever to justify that tag.
BUSINESS
What can Indian H-1B visa holders and aspirants expect as Joe Biden sworn in as 46th US President today?
After the wage hike rule, the Department of Homeland Security (DHS) implemented a final rule to strengthen H-1B visas with the focus on employer-employee relationships.
TRENDS
Explained: How TikTok has users in India despite the ban
TikTok despite the ban saw more monthly active users on the platform than the social networking platform Instagram.
BUSINESS
Privacy is not a fad and, for people who value it, Signal represents a viable alternative: Brian Acton
People want to choose who owns their data instead of being told their only option is to comply, says Brian Acton, co-founder of the Signal Foundation, which runs the messaging platform. Signal, he said, has no ads, no trackers, no data. It is a non-profit whose motivation is to protect people and help maintain their privacy. And, he emphasises, it will never be acquired by a major tech company
BUSINESS
Mindtree gets ready with its healthcare play strategy for roll out
In addition to healthcare, the company is also focusing on expanding its presence in the non-US regions such as Continental Europe.
BUSINESS
As demand picks up, top 4 Indian IT services firms double hiring in Q3
The spurt is being driven by clients cutting costs, migrating to the cloud, going in for a digital transformation and the IT services companies hiring more in anticipation of an increase in attrition
BUSINESS
HCL Technologies will consider more metrics to measure growth from products and platform: CEO C Vijayakumar
C Vijayakumar is confident that in the next five years, the industry’s growth will outpace its growth in the past five years. The IT services sector can definitely record double-digit growth, said the HCL Tech CEO
BUSINESS
These two US rules on H-1B visa can hit Indian IT companies hard
In a last-ditch attempt to push its anti-immigration agenda, the Trump administration last week reissued rules for wage hikes and H-1B visa programme.
BUSINESS
HCL Tech's growth streak to continue as it looks at multi-year technology upcycle, says CFO Prateek Aggarwal
CFO Prateek Aggarwal said that at the back of the COVID-19 pandemic, enterprises across the board are accelerating their technology adoption and this process will take years to be completely digital.
BUSINESS
Large deal momentum demonstrates strength and capabilities of Wipro: CFO Jatin Dalal
BUSINESS
Wipro hired 14,000 people in Q3, robust hiring plan in place for coming months
Wipro's Chief Human Resources Officer Saurabh Govil said the company is making big investments in Europe, US and Asia Pacific and on new technology areas, adding that supply-side constraints would not hold back the growth momentum.
BUSINESS
TCS pays 100% variable pay for employees after blockbuster Q3 results
For the December 2020 quarter, the company’s revenue grew 2.1 percent y-o-y to $5.7 billion, after declining 7.8 percent and 2.1 percent in Q1 and Q2, respectively. TCS is confident about getting back on to a double digit growth trajectory in FY22 as it anticipates a multi-year technology transformation cycle.
BUSINESS
What drove TCS’ blockbuster Q3 performance?
TCS, which does not normally issue guidance on its likely performance in the quarters ahead, sees itself getting on to a double digit growth trajectory in FY22 as it anticipates a multi-year technology transformation cycle
BUSINESS
Interview | TCS to recruit 40,000 from campuses in FY22, says CFO V Ramakrishnan
In an interaction with Moneycontrol, TCS CFO V Ramakrishnan talks about what drove growth for the seasonally weak December quarter, demand environment, hiring and work from home.
BUSINESS
H-1B visa: What happened on immigration in US this week?
After extending the ban on skilled work visas like H-1B till March 2021, the Trump administration on January 8 published the final rule that ended the H-1B lottery process.
BUSINESS
Explained: How will the new wage-based selection of H-1B petitions work?
Every year the US government issues 85,000 H-1B visas for skilled immigrant workers. However, the number of registrations far exceeds the quota.
BUSINESS
Explained | How does Facebook’s AI tool for suicide prevention work?
Along with its community operations team, the social media giant has an AI tool that picks up phrases or words that signal distress or trouble in posts as well as comments to alert authorities or get help to the person.
BUSINESS
How much will the recent US court judgement weigh on Biden administration’s move to revoke H-1B visa ban?
Revoking proclamations would need the new government to provide a detailed reason for rescinding. The good news is that there is enough research data on the impact the proclamation had on the US economy.
BUSINESS
Indian IT sector to see strong Q3 on back of large deals, client spends: Reports
Brokerage firm Motilal Oswal estimated an average 3 percent quarter-on-quarter growth for top IT firms, whereas HDFC Institutional Research note has pegged a 3.7 percent for the sector.
BUSINESS
Where does digital as a revenue metric stand for IT firms?
The term 'Digital' no longer serves its purpose, because it, as a share of revenue, lacks transparency and has made it tough to quantify revenue quality.
BUSINESS
Tech sector continues to be the largest recruiter even amid the pandemic
Tech sectors that are hiring include IT services, internet-enabled services and software products and services firms. Some of the prominent employers were Accenture India, Amazon, DXC Tech, IBM, Microsoft, JPMorgan Chase, Citi, GE, and Vodafone.
BUSINESS
Will Donald Trump’s extension of the H-1B visa ban till March 2021 impact techies?
Immigration experts and H-1B visa aspirants expect the extension to have a minimal impact with Joe Biden set to take over as president, potential lawsuits, consulates operating with fewer staff and the increase in offshoring.
