Offering a bit of reprieve at least for now, the Donald Trump government in the US has stepped back on its proposed H-1B visa regulations that would have led to hundreds of thousands of Indian IT professionals returning home. US authorities on Tuesday said that the Trump administration is not considering any proposal that would force H-1B visa holders to leave the country.
Any disruptive move on the visa front will be detrimental for both India and the US, with reports suggesting that Washington may be mulling new rules to prevent H-1B visa extensions, software body Nasscom has said.
American President Donald Trump’s policy to protect jobs by imposing restrictions on H-1B visas is unlikely to be of any help to that country and may hurt US interests, say experts. What Trump is seeking to protect are entry level jobs that are being phased out by the tech majors, with automation, artificial intelligence and robotics paving the way to increased productivity.
With the latest missive from the Donald Trump administration on H-1B visa, cautioning companies against misuse, the immigration issues of the Indian IT sector are back in news. And it is not the US alone that is drumming up protectionism for political gains. However, industry observers say that Indian IT services companies are resilient enough to weather such issues.
In a fresh blow to software professionals, the Trump administration has moved to bar entry-level programmers from the H-1B visa programme.
Shutdowns. Funding crunch. Falling valuations. Firings. By pretty much any metric, India’s consumer internet companies have been going through a rough patch.
A starting salary of Rs 1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn.
The Donald Trump administration which will take charge on 20 January in the US has announced that it will push for legislative measures to curb misuse of H1-B and L1 work visas significantly used by Indian IT professionals.
IT major Infosys’ Rs. 5.9 crore ($868,250) severance pay offer to outgoing General Counsel David D Kennedy is a move to play safe with Donald Trump administration in the US, say experts.
On Dec. 8, thousands of supporters in a packed hall in Des Moines, Iowa vociferously cheered President-elect Donald Trump as he reiterated his campaign promise to bring back home millions of jobs that Americans have lost to foreigners.
Software major Wipro said it had agreed to pay a civil penalty worth $5 million to the US Securities and Exchange Commission (SEC) to resolve a six-year investigation on account of embezzlement of funds by an employee.
India’s large outsourcing firms may be hesitant to give a verdict on policies of President-Elect Donald Trump when he gets into office, thanks to his anti-immigration and anti-outsourcing rhetoric that helped him win elections. But Gopi Natarajan, chief executive of Omega Healthcare is betting on Trump’s policies would increase outsourcing and offshoring to countries such as India.
While it may not be one of those typical posh offices in Manhattan’s Park Avenue, the office of Wyde.com is nonetheless upscale for a small technology business. At building No. 460, Rajesh Makhija, CEO of the $50-million software product SMB, lays out Wyde’s plans for reinventing legacy solutions for the mobile era.
Republican candidate Donald Trump just two days ago during his election rally had strongly criticized technology giant IBM for laying off 500 staffs working at Minnepolis located on mid-western US state of Minnesota. During his rally, Trump also had said that if he gets elected, his government will not allow companies like IBM to move jobs outside the US and they would have to pay 35 percent tax for developing products outside the US.
HCL Technologies Ltd, India’s fourth largest information technology (IT) firm, on Friday reported that its net profit rose 16.7% year-on-year to Rs2,014 crore in the September quarter, fuelled by strong growth in its infrastructure services business and improved margins.
The firm also announced the elevation of its chief operating officer, C. Vijayakumar, to the top position in the company and the acquisition of a US firm.
Is Facebook Inc. facing an identity crisis? What else could explain why the social networking company launched a stand-alone app for teenagers which does not require a Facebook account. The app called Lifestage is for those under 21, created by a 19-year-old product manager.
World’s largest retailer Walmart Stores Inc. has finally entered the e-commerce business with the acquisition of a one-year old startup Jet.com.
Advertising powered Internet giant Alphabet Inc.’s revenue growth in the second quarter, as it has for years now. Revenue at Alphabet—Google’s parent firm, formed in 2015—rose 21% to $21.5 billion in April-June from a year ago. Advertising revenue reached $19.14 billion, a 19% year-on-year (y-o-y) increase.
Sure, Facebook increasing its quarterly profit to over $2 billion in the three months ended 30 June, a mere six months after it hit $1 billion is significant, but there’s something even more important in the numbers presented by the company’s founder-chief executive officer Mark Zuckerberg on Wednesday. And that’s an inflection point that highlights even more troubled days for print media companies.
by Yahoo! Inc. has agreed to sell its core operations to US telecom giant Verizon Communications Inc. for $4.83 billion in a transaction that marks the end of the Internet pioneer as an independent company after a two-decade-long journey.
Yahoo, one of the biggest Internet services companies of yesteryears, has been acquired by US telecom major Verizon for $4.83 billion in an all-cash deal. While the acquisition is being seen by many analysts as the end of the road for the Internet pioneer, users and fans are hoping for a magical revival of its glorious past.
Yahoo, that has been restructuring its business for year now, finally sold out to Verizon. Verizon sealed the deal for $4.83 billion, all in cash. This acquisition gives Verizon access to Yahoo’s advertising technology tools such as BrightRoll and Flurry, assets such as Search, Mail, Messenger as well as real estate, among others. The deal is expected to close in Q1 2017.
Use of technology at hotels has evolved over the last 3 decades from being a simple billing system to now facilitating the entire booking to checkout cycle.
Despite seeping into all functional areas, technology has never been at the forefront of hotel business until today. Hotel business is certainly a one which requires a high level of personal human touch but moving on with times, guests today look for a more lifestyle oriented experience rather than a conventional hotel experience.
As oracle programmers rewrite fresh codes for its cloud services, the company is scripting a new history. It is transforming itself into a cloud-first company. Some industry watchers might argue that it is a tad late in entering the realm of cloud, but Oracle will tell you it doesn’t matter; it is scaling up faster than all others.
Chief Human Resources Officers (CHROs) are starting to pilot the use of bots in HR-related functions.
On Friday, 24 June 2016, Britain faced a decisive moment when the majority of its population (51.9%) voted in favour of moving out of the European Union (EU).
Microsoft on Monday announced a $26.2 billion deal to acquire professional networking platform LinkedIn for $196 per share. The market gave a mixed reaction to the announcement. While shares of LinkedIn surged 47 percent to near $193, Microsoft’s stock was down 3.2 percent.
Indian security leaders welcome the move, expected to be finalized later this year, saying it will definitely change the way technology is consumed by organizations, as they expect new innovations to help them tackle future threats more effectively.
On June 13, 2016 Microsoft announced the agreement to acquire LinkedIn for USD 26.2 billion. Important to note that this is the first big deal under Satya Nadella’s leadership and LinkedIn will continue to operate as an independent company. Albeit this (in theory) will allow more room for innovation, let’s put this announcement in perspective:
The acquisition of LinkedIn by Microsoft will help the duo assist client companies, and even individuals in the personal lives, to organise information and orchestrate their functions better.
Microsoft Corp has agreed to acquire LinkedIn Corp for $26.2 billion in a deal that will combine the world’s biggest software maker with the largest global online network of professionals.
By acquiring LinkedIn, Microsoft is looking at further strengthening its business from corporates in India and social networking play, an area in which it lags behind Facebook. Analysts feel that Microsoft’s Productivity and Business Processes as one of the three segments that could get a shot in the arm with the LinkedIn buy.
US-based social networking company LinkedIn is looking at buying Indian start-ups, has tweaked its India portal and with its new 800 seater office in Bengaluru, as it seeks to build on its India presence. India is currently the second biggest market for LinkedIn globally, with a user-base of 35 million. “This country is of great strategic importance and we are open for acquisitions that are strategic fits,” said Allen Blue, Co-founder, LinkedIn, a company which he co-founded with Reid Hoffman in 2002.
Even as investors at Mu Sigma keep a close watch on the recent developments within the company, there is a possibility of bringing in professional mangers at the helm of affairs.
The long drawn courtroom drama between Oracle and Google finally saw a slice of victory for the latter. A jury in a U.S district court unanimously upheld claims by Google that its use of Oracle’s Java development platform to create Android was protected under the fair use provision of copyright law, bringing trial to a close without Oracle winning any of the $9 billion in damages it requested.