All articles tagged with #indian it industry
U.S. President Trump's move to impose a $100,000 fee on new H-1B visas is forcing India's $283 billion IT sector to overhaul its talent rotation strategy, potentially leading to legal challenges, increased offshore work, and growth in global capability centers in India, Canada, Mexico, and Latin America, while impacting U.S. firms' operations and employment practices.
Tata Consultancy Services (TCS) has been hit by a bribery scandal, with some employees accepting bribes from staffing companies and hiring personnel. The scam, which has been going on for some time, is believed to involve over INR100 crore ($13.5m). The scandal will have an impact on the Indian IT industry, with doubts being raised about the quality of personnel working on various projects. The scandal will also lead to a cleanup of the human resource recruitment system, as the staffing companies blacklisted by TCS are major suppliers to many big Indian IT companies.