The debate in France comes as European Union leaders and top officials on Wednesday hailed a major breakthrough in talks on new rules to control migration.
Of the 27 provisions in the proposed Immigration Reform Bill, three are most talked about: regularisation of foreigners in ‘strained’ sectors, easing of deportation procedures, and language competency for multi-year residency permits.
The Nasdaq-listed IT company has crossed the USD 10 billion revenue mark and is also eyeing 19 percent growth for fiscal FY15 led by higher spending in healthcare..
Som Mittal, president of Nasscom feels right now the house bill is a clean bill. It doesn‘t put the same restrictions, it has all the positives that the immigration bill has. He hopes when the conferencing happens, people don't insist on those negative clauses.
Clauses such as increased visa fees, caps on the placement of H1-B workers in client sites and reduction in the number of H1-B workers have been fretting technology companies.
For IT stocks, from a demand perspective, there is room for a lot of upside. Anantha Narayan of Credit Suisse sees the sector growing at 15-20 percent, going forward. But, Nasscom's Som Mittal is not convinced enough to up full -year guidance from 12-14 percent.
A group of 8 Indian IT companies, including Infosys, Cognizant, Mindtree and Hexaware, have formed a lobbying consortium in order to handle the conversation with the US Congress
India has raised its "strong" concerns over the US' proposed Immigration Reforms Bill saying that it would adversely impact domestic IT industry, Parliament was informed today.
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Talking to CNBC-TV18, Ambareesh Baliga, managing partner-global wealth management, Edelweiss Financial Services says that market volatility will continue for a while. He says the Nifty could touch levels of 5,950-5,970, but to rally further, the market will have to be backed by strong fundamentals.
Kotak AMC's Alroy Lobo expects Indian market to show an improving trend going forward. He believes liquidity will return to India owing to its strong market fundamentals
CNBC-TV18's Kritika Saxena reports that the US government has assured Nasscom that the adverse clauses in the Immigration Bill will be removed.
By a vote of 67-27, the border security amendment cleared a procedural hurdle, leaving opponents of the bill with few remaining opportunities for killing or further delaying passage of the legislation this week.
Talking about the impact of the Immigration Bill, Som Mittal, president, Indian IT Body Nasscom says as per the US process, there are many places where intervention can happen from the administration and the White House on matters of strategic importance.
The US Senate voted on Tuesday to begin debate and amendments on a historic immigration bill, burying a procedural roadblock that opponents regularly use to delay or even kill legislation.
New US proposals regarding H1B visas are being branded as bad for Indian IT firms. But there might be a silver lining
The "killer provision" of ban on client site placement for H1-B workers, which may prove to be detrimental to the interests of major Indian IT companies, remains in place despite a last minute deal reached between key Senators on certain provisions of the Immigration Bill.
Som Mittal, President, NASSCOM believes that since the macro economic factors have not changed much since their February forecast, they would not be reviewing the forecast at present.