Business Standard

Infosys dips on scrutiny in US over alleged visa misuse

US found

SI Reporter 

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.

RECOMMENDED FOR YOU

Infosys dips on scrutiny in US over alleged visa misuse

US found

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

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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Take Solutions 154.85 19.99
Vijaya Bank 34.30 15.88
Sequent Scien. 864.25 15.19
Jindal Steel 63.45 10.44
Yamini Invest 46.65 9.64
> More on BSE Gainers
Company Price() Chg(%)
Vijaya Bank 34.25 16.10
Federal-Mogul Go 339.10 12.06
Jindal Steel 63.50 10.63
Suzlon Energy 15.75 9.38
Lupin 1802.85 9.08
> More on NSE Gainers
Company Price() Chg(%)
SE Investments 181.10 -7.01
Alembic Pharma 596.55 -5.77
Crompton Greaves 126.90 -5.33
ISGEC Heavy 4484.50 -5.12
Bosch 16133.20 -4.97
> More on BSE Gainers
Company Price() Chg(%)
Alembic Pharma 593.20 -6.33
Bosch 16089.10 -5.24
Ess Dee Alumin. 165.15 -4.98
Zydus Wellness 700.00 -4.68
J B Chem & Pharm 256.95 -4.46
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price