Employers weigh offshoring, alternative visas and green cards as the U.S. tightens rules for high-skilled workers.
The GST rate rationalisation is expected to lower the tax burden on consumers, boost consumption, and provide a cushion against tariff impacts, said the finance ministry.
The margin math looks modest, but visa shocks reinforce a hostile US stance, AI disruption, and weak growth, weighing on Infosys, TCS and other IT peers.
The sector is already reeling under sluggish earnings during the June quarter as well as a major layoff announced by TCS, amid Trump's tariffs and US businesses cutting back on IT spend on slowdown worries, even as the US stock market has been hitting record highs.
This calms the nerves of those expecting a massive hit for Indian IT firms, particularly in terms of margins and other business parameters.
Tech companies and banks sent urgent memos to employees, advising them to return before a deadline of 12:01 a.m. US Eastern Time Sunday (4:01 am GMT), and telling them not to leave the country
The Teaneck-headquartered company, with a healthy exposure to H-1B visas in the US, is reviewing the US President Donald Trump’s H-1B visa fee hike and evaluating its potential impact on the company’s operations.
Vivek Ramaswamy is also the second personality of Indian-origin, after Walmart CTO Suresh Kumar, to have been targetted by Americans who do not support the current immigration policies in the country.
Tech giants such as Amazon, Microsoft, and Google are ardent supporters of H-1B program, diligently filing numerous visas each year.
Lottery bids for H-1B visa plunged to 470,342, down 38 percent from 758,994 last year, USCIS said in the report. The lottery for this year was held in the last week of March
USCIS is increasing the H-1B and H-1B1 filing fee to $780, and H-2B filing fee to $1,080, from the current amount of $460.
Indian IT sector industry body Nasscom will be making a formal submission of recommendations and has already begun a thorough industry assessment of the proposed rule
This is part of the people-to-people initiative, a senior administration official said ahead of the bilateral meeting between Prime Minister Narendra Modi and President Joe Biden at the White House here on Thursday.
While the US Citizenship and Immigration Services is considering their request to extend the existing time window to 180 days, the process is likely to take up some time, leaving no other option for these professionals other than to leave the country.
In one of the WhatsApp groups, there are more than 800 jobless Indian IT workers who are circulating among themselves vacancies appearing in the country.
In 2005, 85,000 visas were available. Today, nearly 20 years later, 85,000 visas are available. There are many promising options for expanding skilled immigration, Mia Love, a former Republican Congresswoman, top political commentator and national outreach director of Utah University, said during her testimony before the Senate Judiciary Committee on Wednesday.
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
Economic Policy Institute has claimed that Noida-based IT firm paid H-1B visa workers lower wages to the tune of $95 million annually compared to their US peers
The H-1B visa, most-sought after among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.
On January 7, the US Citizenship and Immigration Services (USCIS) announced to do away with the traditional lottery system in deciding the successful applicants for the H-1B visas.
The increase is attributed mainly to US court rulings that rescinded two unfavourable memos of 2010 and 2018, which had resulted in increased rejection rates between October 2019 and March 2020.
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.
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.
Every year the US government issues 85,000 H-1B visas for skilled immigrant workers. However, the number of registrations far exceeds the quota.
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.