Free Press Journal
  • 2018 will be a better year for Indian IT: Industry experts

    With GDP growth rate touching around 2.5 per cent in US, Indian IT companies are likely to see good growth in the coming year. US is one of the key markets for domestic IT firms, contributing a bigger share of revenue to overall earnings.

  • Shareholders give nod to Rs 11K cr Wipro buyback

    Among Indian IT companies, TCS, which had a cash kitty of over Rs 43,000 crore, has already completed a Rs 16,000 crore buyback programme. Infosys has also announced a buyback offer of up to Rs 13,000 crore.

  • Using H1-B visas to displace US workers a mistake: Chambers

    New Delhi : Cisco Chairman John Chambers on Wenesday said firms taking Indians to the US for cost arbitrage displacing American workers was a “mistake” and it is important that jobs are created in both countries to ensure sustainable growth.

  • IT stocks tumble 9% on concerns over H1-B visa

    New Delhi: Shares of IT companies plunged as much as 9 per cent today amid concerns that the new bill in the US that aims to rework the H1-B visa programme will adversely impact the hiring plans of Indian technology firms.

  • Indian IT companies on hiring spree fearing a tighter H1-B visa regime under Trump

    Indian Information Technology firm have decided to hire more locals and step up acquisitions in the United States to fight the trend of protectionism which is expected to follow the election of Donald Trump as the country’s President. India’s $150 billion IT companies heavily depends upon the H1-B visa programme, which allows the non-US citizens to work in the country.

  • US doubles H1B, L1 visa fee, to hit IT companies

    Washington : In a move that will hit Indian IT companies, the US Congress has overruled India’s objection and doubled a special fee on the popular H-1B and L-1 visas, hiking it to $ 4,500. The money generated from the special fee will go towards funding a 9/11 healthcare act and biometric tracking system. The US House of Representative is slated to vote on the USD 1.1 trillion spending bill on Friday. The new $