Sunday April 22, 2018
Home World ‘US beg...

‘US begins probe into alleged visa violation by TCS, Infosys’

0
//
55
Republish
Reprint

tata

 

Bengaluru: The US government is learned to have begun investigating alleged H1-B visa violations by Indian software majors Tata Consultancy Services (TCS) and Infosys Ltd, according to a US media report.

The US labor department has opened the investigation against TCS and Infosys for “possible violations of rules for visas for foreign technology workers under contracts they held with an electric utility Southern California Edison”, a leading New York daily said on Friday.

A H1-B visa, which permits a foreign national to work in the US for a maximum of six years, is granted to overseas outsourcing firms for sending their skilled employees to work on onsite projects of their clients in north America.

The power utility had recently laid-off about 500 tech workers amid claims that many of them were made to train their replacements who were immigrants on temporary work visas brought in by the Indian IT firms.

The department had notified Democrat Senator Richard Joseph Durbin of Illinois and Republican Senator Jefferson Sessions of Alabama about the probe.

The reported move by the labor department comes close on the heels of entertainment firm Walt Disney laying off around 250 local employees and replacing them with Indians holding H1-B visas.

TCS officials were not accessible while a Infosys spokesperson told IANS that the company would respond to the media report soon.

Meanwhile, Indian stock broking firm, Angel Broking does not foresee any financial implication for both the global software majors for whom North America continues to be a major outsourcing market, accounting for about 60 percent of export revenue.

“This development (probe) is in the normal course of business and hence, we believe that it won’t have major impact on the business dynamics,” Angel Broking’s vice-president (research) Sarabjit Kour Nangra said in a statement from Mumbai.

The broking firm maintained that buying shares of TCS and Infosys at a price target of Rs.3,168 and Rs.2,630 would not be a risk.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Enterprises now deploying AI technologies: Infosys

More than 1,000 business and IT leaders with decision-making power over AI solutions

0
//
30
picture from- www.dqindia.com
  • Enterprises are deploying AI more broadly
  • This is bringing in a positive change in their working
  • Companies are investing huge amount in AI technology

Enterprises are moving beyond the experimentation phase with Artificial Intelligence (AI) and are now deploying AI technologies more broadly, said an Infosys survey on Tuesday.

There is a fundamental shift in how enterprises operate as AI takes hold, according to the “Leadership in the Age of AI” survey.

Also Read : Artificial intelligence to amplify digital transformation: Vishal Sikka

India to deploy more AI technology, revealed Infosys survey.
India to deploy more AI technology, revealed Infosys survey.

“AI, as the research shows, is becoming core to business strategy, and is compelling business leaders to alter the way they hire, train and inspire teams, and the way they compete and foster innovation. Industry disruption from AI is no longer imminent, it is here,” Mohit Joshi, President, Infosys, said in a statement.

“The organisations that embrace AI with a clearly-defined strategy and use AI to amplify their workforce rather than replace it, will take the lead, and those that don’t will fall behind or find themselves irrelevant,” Joshi added.

Seventy three per cent respondents strongly agreed that their AI deployments have already transformed the way they do business, and 90 per cent C-level executives reported measurable benefits from AI within their organisation.

Use of AI is transforming businesses.
Use of AI is transforming businesses.

Also Read : Humanity’s days are numbered, Artificial Intelligence will cause mass extinction, warns Stephen Hawking 

Organisations are taking steps to prepare employees and business leaders for the future of work, with 53 per cent respondents indicating that their organisation has increased training in the job functions most affected by AI deployments.

More than 1,000 business and IT leaders with decision-making power over AI solutions or purchases at big organisations across seven countries were included in the survey. IANS

Next Story