TCS and Infosys have fallen on the bourses following reports of US probe against the companies regarding H1-B visas
TCS and Infosys have fallen on the bourses following reports of US probe against the companies regarding H1-B visas.
The H1-B visa rules continue to haunt Indian companies. According to a report in the New York Times, the US government has opened an investigation against Infosys and TCS for possible violations of H1-B visa rules.
The cases pertain to contracts both the Indian firms have with Sourthern California Edison, an electricity firm in US, the NYT added.
Shares of TCS were trading lower 0.62% at Rs. 2,555. While Infosys were trading flat at Rs. 2002.35 on BSE today.
Meanwhile, the Sensex is up 64 points to 26,433
The H1-B visa rules continue to haunt Indian companies. According to a report in the New York Times, the US government has opened an investigation against Infosys and TCS for possible violations of H1-B visa rules.
The cases pertain to contracts both the Indian firms have with Sourthern California Edison, an electricity firm in US, the NYT added.
Shares of TCS were trading lower 0.62% at Rs. 2,555. While Infosys were trading flat at Rs. 2002.35 on BSE today.
Meanwhile, the Sensex is up 64 points to 26,433
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