Some of the Indian IT companies and their immigration departments have to be blamed if the US president Donald Trump had gone overboard recently on H-IB visa restrictions and regulations around immigration, said KV Kumar, an American Indian businessman who has served many presidents, from Ronald Reagan to Donald Trump, in multiple capacities.
Infosys is far from a settled house. There was a lull after a protracted boardroom battle. Now, with the resignation of chief financial officer MD Ranganath (in pic), the high profile exits continue to haunt the company that was once the bellwether of the IT industry.
Former senior executives, who keep a close watch on the happenings at Infosys, pointed out that Ranganath’s sudden exit stemmed from “bad chemistry” he shared with CEO Salil Parekh.
Justice BN Srikrishna has said the committee headed by him on data protection took a ‘fairly balanced’ call after hearing all stakeholders, including the industry. Some industry stakeholders have sought clarity on the issue of sharing data with third parties claiming that the committee’s report did not include their inputs and a lot of are-as had gone unaddressed.
Indian tech industry’s apex body, Nasscom, is chalking out a global repositioning cum rebranding campaign for IT and BPM sectors in the global markets. As a precursor to this exercise, the industry body is currently in the process of compiling some 150 case studies and digital transformation success stories from IT companies, BPM firms, GCCs (global capability centres) and startups in India.
In a couple of month’s time we will know how many H-1B visas have been granted to Indian tech workers this year, after President Trump started intensifying his tirade against immigrant visas. But for sure, this year the numbers are going to be much lower with incidents of indiscriminate rejections.
The Indian tech industry is headed to a big shakeout with a couple of major mergers and acquisitions expected in 18-36 months. It could mean tier 2, 3, 4 or 5 firms exploring merger with peer or giving in to M&A invitations from external player.
Thus the leader board of Indian IT may look different in the near future as the next couple of years will flesh out a new set of league players in the business, say global analysts who track the space.
The Indian liquor industry, mostly the premium segment, is marching towards maturity and style by adopting global practices in packaging, including a slow but steady readiness for cork stopping solutions.
Globally, most of the high-end liquor labels come with best quality corks, made of Cork Oaks grown in Portugal. India has dozens of quality liquor brands, but poor quality packaging, bottling and the use of plastic, guala caps and screw caps make them unappealing to the global consumers.
The American dreams of Indian tech workers seem to be fading away with both their employers and the Trump Administration sending out “travel advisory” kind of messages on a regular basis.
A new policy memo issued by the US government gives blanket permission to USCIS (US Citizenship and Immigration Services) to use discretion and deny H-1B visa applications outright without offering any explanation, even without asking for a RFE (request for evidence) or without even issuing a NOID (notice of intent to deny).
The Wipro chairman Azim Premji on Tuesday stressed the use of technology to make voluntary tax submission easy. “Technology can play a key role in significantly increasing the ease of voluntary tax compliance and collection,” said Premji.
Stressing on maintaining credit discipline, former Reserve Bank of India (RBI) deputy governor R Gandhi on Thursday cautioned governments, including the Centre, against frequently using “administrative tools” of farm loan waivers.
“Whether it is farmers and industrial loan waiver, it has an impact. The governments have to utilise this kind of tool sparingly and rarely. Otherwise, it completely disturbs the credit discipline, and in worst case scenario, financial institutions will not be able to survive,” Gandhi said.