Infosys settles with US government for $34 million over visa dispute
Indian outsourcer Infosys has agreed to pay US$34 million to the U.S. to resolve all allegations about the misuse of visas to get Indian staff to work in the U.S.
Indian outsourcer Infosys has agreed to pay US$34 million to the U.S. to resolve all allegations about the misuse of visas to get Indian staff to work in the U.S.
Indian outsourcer Infosys said its use of B-1 visas in the U.S. was for legitimate business purposes and was not designed to circumvent the requirements of the H-1B visa program.
Indian outsourcer Infosys saw profit decline even as revenue grew in the third quarter, as a result of an increase in salaries and a provision for a visa investigation in the U.S.
Indian outsourcer Wipro grew revenue and profits in the second quarter, citing improved demand.
Tata Consultancy Services reported strong revenue and profit growth in the second quarter as demand for its services picked up in key markets like the U.S. and Europe.
Infosys posted strong revenue growth in the second quarter as demand picked up in key markets including the U.S.
Satyam Computer Services, the Indian outsourcing company hit by an accounting fraud in 2009, has been merged with parent Tech Mahindra.
Infosys' co-founder and first CEO N. R. Narayana Murthy has returned to the company as executive chairman, amid concerns that the outsourcer's performance has not been as good as that of some of its Indian peers.
China's reputation for security may have been marred by recent U.S. accusations of state-sponsored hacking but the nation is still a safe place as a tech subcontractor for foreign businesses, according to one of China's largest IT outsourcing vendors...
Indian outsourcer Wipro reported slow revenue growth in its IT services business, reflecting a continued volatility in the outsourcing market.
India's Tata Consultancy Services reported strong first quarter revenue and profit growth, despite indications that the outsourcing market is still uncertain.
Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets.
Tata Consultancy Services is to acquire French IT services company Alti in a bid to increase its presence in the European market.
Last year was the worst for the IT services contract market since 2002, according to research from analyst Ovum.
Indian outsourcer Tata Consultancy Services has agreed to settle a class action lawsuit by paying US$30 million to employees deputed for work in the U.S. from India.
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