BUSINESS
HCL Tech’s acquisitions to continue as it looks to expand tech offering and newer geographies: CEO C Vijayakumar
“Acquisitions in three areas to enhance and broad-base our digital capabilities, innovative IP to drive for more growth for our products and platform segment and expand and bring market presence in newer geographies,” said C Vijayakumar - the president and chief executive officer of HCL Technologies.
BUSINESS
Sudha Murty to continue philanthropy through family foundation after retiring from Infosys Foundation next year
After heading Infosys Foundation, the philanthropic arm of IT services firm Infosys, for 25 years, chairperson Sudha Murty will retire from the foundation in December 2021
BUSINESS
Infosys outperforms TCS in at least three straight quarters year-on-year. Will it continue?
Infosys is steadily on its way back to gaining the bellwether status it ceded to TCS years ago, if its growth momentum over the last few quarters is anything to go by
BUSINESS
US visa dependency needs to come down to combat regulatory changes: Infosys COO
Over the last three years, Infosys has increased its localisation efforts in the US. About 63 percent of the employees in the US are Americans, and it aims to recruit 12,000 more locals in the next two years
BUSINESS
Wipro CEO Thierry Delaporte makes all the right moves in Q2. Can he take the firm back on to growth path?
Delaporte, during the earnings call on October 13, laid out five priorities -- winning large deals, focus on scale, offerings, talent, and a simpler and leaner organisation.Going by the commentary, work has already begun on this front and is moving rapidly as they could.
BUSINESS
Wipro CFO says impact of new H-1B visa rules to be less on company as its localisation in the US is 71.9%
Jatin Dalal shares his insights on pricing pressures, the impact of H-1B visa rule changes, and changing business models in a conversation with Moneycontrol. He says the pandemic has taught the company to adopt a more sensible, long-term approach about work.
BUSINESS
This week in tech: TCS Q2 results, H-1B rule change and IBM splits to focus on cloud
There is a clear indication that cloud and digital capabilities drive tech growth and are here to stay.
BUSINESS
IBM splits to focus on cloud, AI, and it's good news, say industry watchers
The managed infrastructure services of the segment will become an independent entity by the end of 2021. The segment accounts for about $19 billion in annual revenue. It caters to 4,600 clients and employs 90,000 people.
BUSINESS
Trump’s new rules hike H-1B wages by up to 47% in some regions
Lawsuits against the rule may, however, save India’s IT industry a big headache. The aim of the wage increase is to make it tough for companies to hire H-1B workers and instead encourage local hiring. Along with the wage hikes, the Trump administration had also announced a new rule that would make it harder to qualify for an H-1B visa.
BUSINESS
TCS Q2 shows there's more than just hype to all the buzz around digital
The company’s over 20 quarter high growth of 4.8 percent QoQ comes at the back of what the IT major terms as multi-year tech transformation cycle, where clients are migrating to cloud, investing in digital collaboration tools and touchless technology.
BUSINESS
New H-1B visa rules likely to put pressure on margins for Indian IT firms as wages, restrictions increase
IT firms may now have to change their hiring and internal management practices. Increase in H-1B wages will bring downward pressure on margins as companies will not be able to pass on the higher cost to client visas. The US accounts for about 50-60 percent revenue for Indian IT firms.
BUSINESS
Explainer: These two new rules could make it harder for Indian IT firms to employ H-1B workers in the US
One rule increases the wage levels of highly skilled workers such as H-1B workers and green card applicants. The other makes the criteria to qualify for an H-1B visa difficult for employers. Immigration experts feel the new rules could face legal challenges
WORLD
Trump administration announces new rules that restrict H-1B visa in a blow to Indian tech workforce
H-1B visa news: The new rule intends to immediately ensure that employing H-1B workers will not worsen the economic crisis caused by COVID-19 and adversely affect wages and working conditions of similarly employed the US workers.
BUSINESS
IT firms to see growth bounce-back in Q2 at the back of digital transformation
Analysts say demand has normalised to pre-COVID levels with discussions being revived for deferred deals as well. However, they say pricing pressure may resurface. The Q2 earnings season will start on October 7, with TCS results.
BUSINESS
It may be sacking people elsewhere in the world, but Accenture has more than 3,000 job openings in India
Sometime back, reports had suggested that the company would lay off close to 5 percent of its workforce globally, axing 25,000 jobs
BUSINESS
US Election 2020: What happened in US immigration this week
Three key updates – two judgements against the Donald Trump administration, and expansion of premium processing of visas for more employment-based categories.
BUSINESS
Trump administration withdraws two proposals, could pass them quicker to tighten H-1B norms
According to immigration attorneys, the administration is looking at using a special waiver of a review step to speed up the roll out. This means that the process would be pushed forward instead of going for the review period.
BUSINESS
H-1B and L-1 issue: Trump to appeal US court order blocking large parts of temporary work visa ban
In August, the Department of Homeland Security approved the final rule that increased the visa fee for immigrants across categories. This was later banned. But the USCIS argue that ban on mandatory fee hike is unprecedented and harmful to the American people.
BUSINESS
IT firms roll out their promotion cycle. What does this trend indicate
But the nature of these promotions would be muted. Only those who are exceptional in either their domain or technology expertise are likely to be eligible for promotions.
BUSINESS
After nearly nine months, Twitter gets new CISO in Rinki Sethi
New Chief Information and Security Officer is a former IBM executive and 15-year veteran in cybersecurity
BUSINESS
What is driving the rally in IT stocks during the pandemic?
It is driven mainly by the momentum IT majors have seen over the last few months in terms of deal wins and tech investments from clients, say experts. BSE data shows that this is probably the highest rally TCS, Infosys, Wipro and HCL Tech stocks have seen in the last five years.
BUSINESS
Will the US move to train local workforce in H-1B skills change the Indian IT talent landscape?
The $150-million programme aims to upskill the workforce in the areas of information technology and cybersecurity, and advanced manufacturing and transportation. Experts say there is no direct benefit to the IT sector as the programme plans to impart skills to the local workforce.
BUSINESS
Six months on, work from home is still a raging debate for IT sector
The sector employs about 50 lakh employees. But companies are in no hurry to bring them back to office amid the pandemic.
BUSINESS
Good news for US Green Card aspirants: COVID-19 shortens the queue for H-1B/L-1 visa holders
There is a cap of 140,000 for employment-based Green Card with a per year with per country cap 7 percent. Indians are the largest beneficiaries of H-1B and L-1 visas and also one of the largest employment-based Green Card applicants in the US in the EB-2 (advanced degree holders) and EB-3 category.
