Hire American order causes flutter in TCS, Infosys & Cognizant
The Dollar Business Bureau A recent ‘Buy American, Hire American’ executive order from the Trump administration is the latest to cause flutters and bring jitters to the Indian IT sector, especially TCS, Cognizant and Infosys. The executive order brings to life, President Trump’s pre-election rhetoric of bringing jobs for Americans. A report made available on the White House website named TCS, Infy and Cognizant of indulging in unfair-practices to secure H1B visas. The press release remarked that these companies applied for more number of visas, under the lottery system for H1B, than they could get. This was done to gain a lion share of H1B visas. Furthermore, the release added that 80% of such workers were paid below the average while only ...
US firms eye big on infrastructure sector: USIBC
The Dollar Business Bureau According to the US India Business Council (USIBC), besides eagerness to invest in India, the American companies are particularly eying at the $1.5 trillion investment opportunity in the infrastructure sector of India. The Government of United States seems to be very eager to invest in India and this willingness of the US became evident in the statements made by the key US officials on Tuesday. Praising the transforming business environment in India, Mukesh Aghi, new president of US India Business Council (USIBC), on Tuesday, stated that ‘India is open and ready for investments and the US is eager to move in’. The president of USIBC, the largest bilateral trade association connecting India and the US, ...
