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:   
|
|

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.

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.

“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 I-9 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

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 ...

Recommended for you

Quick Links

Market News

Cardamom gains by 0.4% on spot demand

Rising demand amid restricted supplies helped prices

India needs $100 billion in equity capital a year: BSE CEO

Says equity fund raising needs to pick up to fund country's growth

Crude palm oil rise by 0.5% on spot demand

Speculators created fresh positions amid pick-up in demand in spot market

Transformers and Rectifiers soars on winning Rs 440 crore order

The stock soared 17% to Rs 196 after the company said it has received export order amounting of Rs 440 crore.

Markets remain firm; Bharti Airtel up 4%

By 11.35 AM, the 30-share Sensex is higher by 237 points at 27,696 and the Nifty has gained 60 points at 8,402

 

Back to Top