Page 11 - H1b Visa

Donald Trump 2.0 presidency: What it means for stocks, H1-B visa, bitcoin

Here's how leading brokerages have interpreted Donald Trump's latest statements, and what his presidency could mean for trade tariffs, markets, crypto, H1-B immigration visa and other asset classes

H1B visa dependence lowered: Infosys confident of resilient business model

Days after HCLTech said it has lowered reliance on H1B visas, Infosys on Thursday reported a significant decrease in its dependence on this visa category and exuded confidence in its "resilient" operational model. "Over the years, our dependence on H1B visas has reduced significantly. First and foremost, our onsite mix has reduced significantly -- we used to be in the 30 per cent range, (but) we are now at the 24 per cent range. Within that, our near shore has increased significantly. "Within the US-onsite population that we have, our H1 independent folks are now at 60 plus percentage. We have now built a pretty resilient model from that perspective. We are, therefore, much more confident from where we are versus where we used to be earlier," Infosys CFO Jayesh Sanghrajka said. On Monday, HCLTech said that around 80 per cent of its workforce in the US comprises local hires, making its dependence on H1B visas among "the lowest in the industry". "...If I look back over the last 4 odd

Major H-1B visa revamp from Jan 17: Here's how Indian techies can benefit

With Indian professionals making up the majority of H-1B visa holders-72.3% of the 386,000 issued in 2023 - the reforms are likely to have a broad impact

5 million Indians hold US visas as issuance rises over 60%; wait-time drops

Eric Garcetti revealed this against the backdrop of concerns in India regarding potential shifts in US immigration policies under the incoming administration of President Donald Trump

HCLTech not dependent on H1B, new US regime will hardly impact biz: Exec

The new regime in the US is unlikely to affect the business of Indian IT company HCLTech as it is very less dependent on H1B visas, a senior company executive said. "About 80 per cent of our people in the US are all locals, so our dependence on the H1B is one of the least in the industry. And it is not just now if I look back over the last 4 odd years, we have been pretty locally self-sufficient. "And that reflects in the number of H1Bs that we go through every year. It ranges between 500-1,000 in a year max...so it is minimal dependence," said Ramachandran Sundararajan, Chief People Officer, HCLTech. HCLTech on Monday reported a 5.54 per cent rise in consolidated net profit to Rs 4,591 crore for the December quarter. The H1B visa programme allows US companies to temporarily employ foreign workers in speciality occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Donald Trump's return to the presidency is expec

Staffing firms cornered 30-40% of H-1B visas: Indo-US forum chief Aghi

Aghi talks on the challenges and opportunities in business between the US and India

H-1B visa renewal process to change in 2025: No travel to India required

The US is preparing to roll out a formal visa renewal process for H-1B holders, which is expected to be implemented in 2025

H-1B visa reforms from Jan 17: Faster processing, simpler F-1 transitions

The reforms are expected to benefit thousands of Indian professionals, who constitute the majority of H-1B visa holders

America can't do without H-1B visa workers: This report explains why

The findings come as debates intensify around the H-1B visa programme, a key route for bringing skilled foreign professionals, particularly from India, into the US

H-1B visa row: Why Trump, Musk, and MAGA clash over India's favourite visa

The H-1B visa controversy erupted after the appointment of Chennai-born venture capitalist Sriram Krishnan as Trump's top artificial intelligence (AI) adviser

Indian-origin tech companies corner 1/5th of H1B visas issued by US

Indian-origin tech companies cornered a fifth of all H1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies. Out of these, Infosys took the lead with 8,140 beneficiaries, followed by TCS (5,274), and HCL America (2,953). Infosys came second to only Amazon Com Services LLC, which topped with 9,265 visas. Cognizant, which was founded in Chennai but now has headquarters in New Jersey, ranked third in the list with 6,321 visas. The H1B visa programme allows US companies to temporarily employ foreign workers in specialty occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Major Indian IT services fi

H-1B visa row: Skilled worker movement helps both US and India, says MEA

India-US economic ties benefit significantly from the technical expertise provided by skilled professionals

H-1B visas benefit both nations, mobility of professionals important: MEA

Late last month, Trump said he fully backed the H-1B programme for foreign workers opposed by some of his supporters after Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to "war" to defend

Ahead of Trump's inauguration on Jan 20, debate on H1B visas intensifies

Three weeks ahead of Trump's inauguration here on January 20, the debate on foreign guest workers visas for highly skilled professionals, the H-1B, has intensified which has literally created divisions in both the Democratic and the Republican parties. Indians are the main beneficiaries of the H-1B visas, which bring in the best of the talent and brains from across the world. Highly skilled professionals from India walk away with the overwhelming number of H-1B visas which is Congressional mandated 65,0000 every year and another 20,000 for those who received higher education from the US. President-elect Donald Trump, who will be sworn in as the 47th President of the United States on January 20 in front of the US Capitol, has come out in support of the H-1B, so has two of his close confidants, Tesla owner Elon Musk and entrepreneur Vivek Ramaswamy, both of whom have been tasked to head the newly created Department of Government Efficiency. I've always liked the visas, I have always

Tech giants Infosys, TCS among top 5 global H-1B visa beneficiaries

Account for over 41% of visas along with Cognizant, HCLTech

After H-1B visa, Trump's Maga supporters oppose OPT programme: All we know

Supporters of Donald Trump's 'Make America Great Again' campaign are now lashing out at the Optional Practical Training program, often considered a precursor to H-1B visas

Invest in US workforce first: Nikki Haley joins debate on H1B visa issue

The debate around the H1B visa controversy was sparked by Trump on Sunday when he announced he was appointing Sriram Krishnan to be a White House policy adviser on artificial intelligence

New H-1B visa rule: Entrepreneurs can get visa sponsored by their own firm

"This change is promising for the growing number of Indian startups and innovators looking to access the US market," said Varun Singh, Managing Director at XIPHIAS Immigration

H-1B visa revamped from Jan 17: Key changes employers, applicants must know

American businesses rely on the H-1B visa programme for the recruitment of highly-skilled talent

H-1B, L-1 visa spouses: US to renew work permits automatically from January

This change is expected to benefit many, particularly Indians, who represent a large portion of these visa categories