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Indian-origin tech firms corner 1/5th of H1B visas issued by U.S.

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Out of these, Infosys took the lead with 8,140 beneficiaries, followed by TCS (5,274), and HCL America (2,953).

Indian-origin tech companies cornered a fifth of all H1B visas issued by the U.S. with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed.

According to data from the U.S. Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.

Out of these, Infosys took the lead with 8,140 beneficiaries, followed by TCS (5,274), and HCL America (2,953).

Infosys came second to only Amazon Com Services LLC, which topped with 9,265 visas.

Cognizant, which was founded in Chennai but now has headquarters in New Jersey, ranked third in the list with 6,321 visas.

The H1B visa programme allows U.S. companies to temporarily employ foreign workers in specialty occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector.

Major Indian IT services firms such as Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies have consistently ranked among the top employers for H1B visa holders. Wipro was lower down this time with 1,634 visa grants. Tech Mahindra stood close by, having been issued 1,199 visas.

While these companies continue to benefit from the programme, ongoing developments indicate a need for adaptation in response to regulatory changes and public sentiment. The future of the H1B visa will likely depend on balancing the needs of the US businesses for skilled labour with broader immigration policy reforms.

Elon Musk, a former H-1B visa holder whose company Tesla utilises this programme, has publicly supported the tech industry’s reliance on foreign workers.

In a post on X on December 28, Mr. Musk emphasised the importance of welcoming individuals from all backgrounds who contribute to the U.S. through hard work. He passionately advocated for preserving America as a land of freedom and opportunity.

Mr. Musk’s statement also received backing from President-elect Donald Trump whose first administration restricted the programme in 2020, arguing that it allows businesses to replace Americans with lower-paid foreign workers.

source/content: thehindu.com (headline edited)

GLOBAL & NATIONAL: INFORMATION TECHNOLGY: Infosys Only Indian Firm in TIME Magazine’s World’s Best 100 Companies list

The list, curated by TIME and Statista, is dominated by global Big Tech companies like Microsoft, Apple, Alphabet and Meta Platforms which were the top four companies on the list.

IT major Infosys is the only Indian company featured in TIME Magazine’s top 100 ‘World’s Best Companies 2023’ list, dominated by Big Tech.

The Bengaluru-based professional services firm has been ranked 64th spot in the top 100 list.

“Infosys has been featured in TIME World’s Best Companies 2023 list. We are among the top 3 global professional services firms and the only brand from India in the Top 100 global rankings,” the company said in a post on X (formerly Twitter).

The list, curated by TIME and Statista, is dominated by global Big Tech companies like Microsoft, Apple, Alphabet (Google’s parent company) and Meta Platforms which were the top four companies on the list.

Other top companies in the coveted list are Accenture, Pfizer, American Express, BMW Group, Dell Technologies, Louis Vuitton, Delta Air Lines, Starbucks, Volkswagen Group, General Motors, Ford and others.

The list is based on a formula of revenue growth, employee-satisfaction surveys, and rigorous environmental, social, and corporate governance (ESG, or sustainability) data. Big Tech had a tough year, laying off tens of thousands of workers since January.

But the world’s biggest tech companies are also the ones doing best for investors, employees, and the planet.

“Microsoft, for example, the top company in the global rankings, made $72 billion in its most recent fiscal year, a 63 per cent increase from 2020, while also reducing overall emissions by 0.5 per cent,” said TIME.

Accenture, based in Dublin, had the highest ESG ranking of any company on the list.

“The rankings show just who dominates the world economic order, with fast-moving tech and business-services companies unseating the manufacturers and consumer-goods companies that once drove the global economy,” the magazine said.

source/content: newindianexpress.com (headline edited)