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

Gold imports came to halt as discounts widened

High discounts are due to huge carry over stock of gold imported in November

GSK Pharma, select MNC stocks gain as Sebi eases delisting norm

In intra-day trade, GSK Pharma gained as much as 12% and ended 6.4% higher at Rs 3,347.45

Odisha's Potato Mission to cost Rs 267 crore

Expenditure finance committee to appraise the scheme

Markets cheer ECB stimulus; Nifty ends above 8,800

The 30-share Sensex ended up 273 points at 29,279 and the 50-share Nifty surged 74 points at 8,836

Markets scale record highs fourth straight day

he 30-share Sensex provisionally ended at 29,262.63 up 256.61 points and the 50-share Nifty gained 60.15 points at 8,821.55.

 

Back to Top