The Latest Breaking News from Wipro

Earnings Tracker: HDFC Bank, HCL Tech, Wipro among 129 companies set to report Q2 results this week

As many as 129 companies are set to announce their Q2 FY27 results this week, including HDFC Bank, ICICI Bank, Axis Bank, HCL Tech, Wipro and Nestle India. With the earnings season underway, investors will track key announcements across banking, IT and other sectors after markets snapped an eight-week losing…

The Economic Times · 17h ago

US green card suspension: TCS, Infosys, Wipro, other IT firms' PERM applications already on decline

Indian IT companies are experiencing a significant decline in green card applications this year due to a recent suspension. Major firms like Tata Consultancy Services and HCL have drastically reduced their applications for permanent labor certification. NASSCOM indicates that these companies are relying less on H-1B visas and enhancing local…

The Economic Times · Oct 10

Green Card process suspended for 8 companies: Immigration experts on what happens to approved I-140, existing H-1Bs; whether employees should leave these companies

The announcement of the Trump administration suspending the PERM filings for eight IT majors has triggered a lot of panic and confusion as the administration did not clarify whether any data from these companies are pending and whether the suspension would be revoked. International workers are also confused about their…

The Times of India · Oct 9

Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while…

The Economic Times · Oct 9

US targets biggest PERM filer: What changes for Indian tech workers

Indian professionals face uncertainty as eight major technology companies are suspended from the US Green Card programme. The suspension affects both new and pending PERM applications, creating potential delays for employees. H-1B visa holders are not losing their jobs immediately, but their immigration status remains uncertain. Workers near the six-year…

The Economic Times · Oct 9

Trump administration’s PERM suspension: Can H-1B workers stay in the US if green card filings are blocked?

Indian professionals working at Microsoft and Cognizant may face delays in their green card applications. The suspension affects various stages of the PERM labour certification process. Workers near the six-year limit of their H-1B status could experience significant complications. Employees with pending applications might wait longer for decisions and subsequent…

The Economic Times · Oct 9

US green-card freeze hits TCS, Infosys, Wipro; GTRI warns of wider IT curbs

The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may…

The Economic Times · Oct 9

PERM suspension could trap tech workers in a green card visa cycle

The US suspension of Microsoft, Adobe and six other IT services companies from the PERM green card process could leave some H-1B workers stuck longer in temporary status, particularly if their employers have not yet filed PERM or if they are approaching the six-year H-1B limit. The suspension does not…

The Economic Times · Oct 9

US visa curbs may shift higher-value tech work to India, says former HCL Tech CEO Vineet Nayar

Restrictions imposed by the US on major technology companies may prompt a shift in high-value technology work to India. Vineet Nayar highlighted how this situation may benefit Indian IT firms and enhance technological capabilities. While US companies seek to protect local jobs, Indian firms could focus on architecture and product…

The Economic Times · Oct 9

Can’t replace US workers with foreign ‘indentured servants’: US after suspending PERM green card program

US Vice President JD Vance defended the suspension of eight technology firms, including Microsoft, TCS, Infosys and Wipro, from the PERM green card programme, accusing companies of replacing American workers with cheaper foreign labour.

The Economic Times · Oct 9