• Sat, Jun 24, 2017
  • Visa row: Infosys reaches $1-million n settlement with New York State

    Updated: Jun, 24, 201702:41 PM

    Infosys said this settlement relates to legal issues already resolved under the 2013 settlement with the US Department of Justice and was reached by both parties to avoid protracted litigation .
    Visa row: Infosys reaches $1-million n settlement with New York State
    Infosys has reached a settlement for USD 1 million with the state of New York for systematically abusing the H1-B work visa programme, allegations that Infosys has denied.The development comes just days ahead of Prime Minister Narendra Modi meeting US President Donald Trump, where he is expected to take up the issue of H1-B visas for skilled workers.In a statement, New York Attorney General Eric T Schneiderman said the USD 1-million settlement with the Indian IT firm has been reached to conclude the investigation.It added that Infosys had failed to properly compensate hundreds of workers and to pay applicable taxes, by systematically abusing the US visa rules in placing foreign workers at client sites in New York State .Infosys denied any wrong-doing, saying the agreement concludes the State of New York's investigation relating to the...
  • Nasscom identifies key jobs in big data Nasscom identifies key jobs in big data
    Updated: Jun, 24, 201711:23 AM

    The National Association of Software and Services Companies (Nasscom), as part of its reskilling initiative for the IT industry, has identified key job roles in the big data analytics domain.

  • Tirupur has high hopes from Smart City project Tirupur has high hopes from Smart City project
    Updated: Jun, 24, 201711:18 AM

    Knitwear, textile sectors in Tirupur rejoiced over the city being chosen for the Smart City Project this year. But, the knitwear capital and export hub is expecting more than refurbishing the existing...

  • TCS among top hirers of US talent in IT sector TCS among top hirers of US talent in IT sector
    Updated: Jun, 24, 201711:13 AM

    Global IT services, consulting and business solutions organisation Tata Consultancy Services (TCS) was among the top two job creators, recruiting more than 12,500 US employees from 20122016, a recent...

  • Infosys Board to face investors’ heat at AGM Infosys Board to face investors’ heat at AGM
    Updated: Jun, 24, 201711:08 AM

    The 36th Annual General Meeting of troubled software major Infosys Ltd on Saturday is likely to be stormy, as retail investors brace for a showdown with its board on corporate governance and...

  • India beats China in local data card market India beats China in local data card market
    Updated: Jun, 24, 201711:01 AM

    With a surge in 4G adoption in the country, Reliance Jio has replaced Huawei as the most favoured 4G/LTE data card vendor (in terms of market share/unit shipments) in the second half of financial year...

  • ‘Indigenisation key to defence manufacturing’ ‘Indigenisation key to defence manufacturing’
    Updated: Jun, 24, 201710:53 AM

    Indian and foreign companies should create an ecosystem for aerospace that would establish a solid base for the nation’s defence and economic systems that needed a sustained acceleration, speakers at...

  • TCS ranked as top employer of US talent in IT sector TCS ranked as top employer of US talent in IT sector
    Updated: Jun, 23, 201707:07 PM

    The company regularly has approximately 800-900 open positions, quarter-to-quarter, in locations like Texas, Ohio, California, North Carolina, Pennsylvania and New York, it said.

  • Hitches in GST roll-out unavoidable: Sitharaman Hitches in GST roll-out unavoidable: Sitharaman
    Updated: Jun, 23, 201709:45 AM

    Stating there will be initial hitches in implementing GST the Minister of State (Independent Charge) for Commerce and Industry, Nirmala Sitharaman, said they are unavoidable and people should extend...

  • ‘Slow and steady growth, the mark of a true enterprise’ ‘Slow and steady growth, the mark of a true enterprise’
    Updated: Jun, 23, 201709:33 AM

    Air compressor manufacturer Elgi Equipments, a $230 million company incepted in 1960, is vying for the second global spot by 2027 and a $1 billion revenue milestone in five years. Jay Varadaraj, its...