Companies & Industry »Company News»Company News Details
Company News Details

BSE   23 Apr 18 | 12:00 AM

296.85 -1.5 (-0.5%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 507685
Face Value: N.A.

NSE   23 Apr 18 | 12:00 AM

297.35 -0.7 (-0.23%)
Mkt Price (Rs)   Chg Rs (Chg %)
1 Week : Rs 285.50 (3.98%)
1 Month : Rs 285.20 (4.08%)
1 Year : Rs 245.90 (20.72%)
change companytradenow

Wipro chief Azim Premji knocks IT Minister's door over H-1B visa concerns

Press Trust of India / New Delhi 09 Mar 17 | 08:47 PM

Wipro chairman Azim Premji

Wipro chairman Azim Premji on Thursday met IT Minister Ravi Shankar Prasad amid growing concerns over proposed changes in the H-1B visa norms in the US.

Widgets Magazine

"He was here to discuss visa and their involvement in domestic IT market," an official source said after the meeting of Prasad and Premji.

The minister told Premji that India has taken up this issue at senior level in the US administration, the source added.

In the past few weeks, there have been proposals to overhaul the popular H-1B visa regime through various legislations, which have added to the worries of the Indian IT sector that is battling slower growth, currency fluctuation and cautious client spending.

Last week, the USCIS temporarily suspended premium processing of H-1B visas -- often used by Indian IT firms -- that could lead to process delays.

The US administration, under President Donald Trump, has sought 60 days from an American appeals court to "consider" its response in a case challenging the previous government's decision to allow spouses of H-1B visa holders to work in the US. Such a move could put jobs of thousands of Indians at stake.

The US accounts for over 60 per cent of the Indian IT export revenues.

For Wipro, the US contributes over 55 per cent to its revenues.

The Indian government has been pressing for a fair and rational approach on the matter from a trade and business perspective.

Industry body Nasscom, too, had taken a delegation to Washington DC (February 27-March 2) to discuss issues like clampdown on work visas and flow of skilled manpower between the two nations.

Widgets Magazine


Company Price Gain (%)
IndusInd Bank1,875.603.40
M & M822.502.74
Sun Pharma.Inds.514.201.74
Asian Paints1,178.601.68
Yes Bank313.051.49

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine