Business Standard

Infosys dips on scrutiny in US over alleged visa misuse

US found

Related News

Limited has dipped almost 2% at Rs 2,364 in morning trades on reports that the company is under scrutiny from the US (DHS) for likely errors in employer eligibility documents of its staff working in the United States.

“In a filing to the Securities and Exchange Commission, the company has said DHS is reviewing its employer eligibility verifications, after it found "significant percentage" of errors in Forms of some of its employees working in the country," the PTI report suggests.

The I-9 form is used by an employer to verify an employee’s identity and to establish that the worker is eligible to accept employment in the US. Every employee hired has to complete an I-9 form at the time of hire.

A combined around 495,000 shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Credit ratings fell the most in three years: CRISIL

According to CRISIL, the Indian arm of Standard & Poor which rates over 9,000 issuers in India, credit ratings have fallen the most in three ...

Quick Links

 

Market News

V-Mart Retail gains on expansion in tier-2 &3 cities

V-Mart Retail has gained around 7% on BSE aided by aggressive expansion in tier-2 and 3 cities

Oil prices dip in Asia after recent gains

Investors will now be keeping an eye on the US Federal Reserve's next policy meeting

Markets come off day's highs; Auto shares lead

Financial shares witnessed profit taking even as auto shares gained on the back of robust festival sales

Chana up 0.6% on upsurge in demand

Commodity for delivery in December traded higher by 0.55%

Gold futures decline 0.2% on profit-booking

Speculators booked profits at prevailing levels amid a weak global trend

Back to Top