Page 2 - It Industry

Major American tech companies to bear the brunt of H-1B visa fee hike

Data from the US Citizenship and Immigration Services (USCIS) reveals that out of the top 10 beneficiaries of the H-1B programme in 2025, only two are Indian IT services firms and the rest are global

$100K H-1B visa fees add to TCS' woes; firm second-biggest beneficiary

Tata Consultancy Services could be among the worst hit by Trump's new visa fee targeting foreign tech workers

'Reckless' H1-B fee will have negative impact on IT industry: US lawmakers

US lawmakers and community leaders voiced concern over US President Donald Trump's plan to impose a USD 100,000 fee on H-1B visa applications, calling the move reckless and unfortunate that will have a huge negative impact on the IT industry. Trump's USD 100,000 H-1B visa fee is a reckless attempt to cut America off from high-skilled workers who have long strengthened our workforce, fuelled innovation, and helped build industries that employ millions of Americans, Congressman Raja Krishnamoorthi said. Krishnamoorthi said many H-1B holders ultimately become citizens and launch businesses that create well-paying jobs in the US. "While other nations race to attract global talent, the United States should strengthen its workforce and modernise our immigration systemnot erect barriers that weaken our economy and security, he said. Former advisor to president Joe Biden and Asian-American community leader on immigration policy, Ajay Bhutoria, warned of a potential crisis for the US ...

BlackBuck to ditch Bengaluru's tech corridor over crumbling roads

Poor roads, traffic snarls and metro delays fuel frustration among tech firms and citizens

Infosys announces Rs 18,000 crore buyback, its largest in 10 years

Infosys announced a Rs 18,000 crore buyback at a 19.3 per cent premium, its largest in 10 years, as IT stocks remain under pressure from weak macro trends and tariff risks

Infosys to consider share buyback proposal at board meeting on Sept 11

Infosys will review a proposal for share buyback at its September 11 board meeting, the first since its Rs 9,300-crore buyback in 2022 at Rs 1,850 per share

What is US HIRE legislation and what it means for Indian tech sector

The US HIRE Act plans a 25 per cent tax on outsourcing payments by American firms, aiming to boost local jobs; the move could raise costs for companies relying on Indian IT and service providers

IT, ITes, electronics industries welcome GST reforms strengthening exports

Nasscom and the electronics manufacturing industry have welcomed the GST reforms, highlighting the positive impact on exports, ease of doing business, and future opportunities for digital inclusion

ISM 2.0 to cover semiconductor ecosystem partners as well: Vaishnaw

The second version of India Semiconductor Mission 2.0 will provide support not just for chip manufacturing projects but also to the ecosystem partners who play key roles in their production, Union Minister Ashwini Vaishnaw said on Tuesday. While speaking to the media at Semicon India 2025, Vaishnaw said that a significant portion of the incentives will be earmarked for product development. "Getting ecosystem partners into the country is very important because that is the way to sustainably grow. "All the sectors need to be covered. We will continue that same approach and will give a lot of support to equipment manufacturers, material manufacturers and all other ecosystem partners. That will be a significant part of our journey," the minister said in response to a question on the next version of the India Semicon Programme. Under the first edition of India Semiconductor Mission, the government had approved an incentive of Rs 76,000 crore, comprising Rs 65,000 crore in incentives for

IT firm TCS receives $644 million order from Scandinavian insurer Tryg

Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies

Odisha govt approves new IT, electronics component manufacturing policies

To attract investment, the Odisha government on Monday approved Electronics Component Manufacturing Policy and IT Policy, an official said. The state cabinet meeting, chaired by Chief Minister Mohan Charan Majhi, this evening has approved the two policies. The Electronics Component Manufacturing policy aims to generate high-skilled employment opportunities while reducing India's reliance on imported electronic components, said chief secretary Manoj Ahuja. The policy offers a comprehensive incentive framework that includes fully matching the central government's electronics component manufacturing scheme (ECMS) support, he said. Under the policy, investors can avail a 50 per cent capital subsidy for the first 10 large-scale projects or select a matching subsidy along with turnover-linked incentives and additional capital subsidies, Ahuja said. The state will provide a 35 per cent capital subsidy for the 11th onward projects, the chief secretary said. Other key benefits include lan

Persistent Systems CEO Sandeep Kalra tops India Inc remuneration charts

Remuneration of top brass grew 8.7% in FY25, outpacing firms' profits

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

Acer join hands with Plumage Solutions for Puducherry IT hardware unit

The investment is part of Acer India's localisation roadmap, focused on boosting domestic production

Infosys sets up JV with Telstra; to acquire 75% stake in Versent Group

Infosys will have operational control, while Telstra will continue to retain a 25 per cent minority stake in Versent Group

Nasscom launches 'Makers Honor' to spotlight India's tech engineers

'Makers Honor' aims to celebrate unsung engineers behind India's tech success in AI, open source, infrastructure and social impact, with support from GitHub and industry veterans

BLS International Q1FY26 results: Net profit rises 49.8% to ₹181 crore

Visa and citizen services provider BLS International saw its Q1FY26 profit rise nearly 50% YoY to ₹181 crore, aided by strong digital, visa and consular segment growth

Non-information technology sectors stole the show in July hiring trend

July was also when TCS shook the IT industry job market by announcing layoffs of over 12,000 employees, raising concerns that hiring in this sector could be under severe stress

Statsguru: Has TCS's job cut signal set the tone for the IT industry?

TCS employed the highest number of workers in FY25, at 636,833 employees. Infosys hired the distant second-highest number at 348,596 in FY25, followed by Wipro at 235,415

For India's IT cos, growth in Europe may only be a temporary relief

Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors