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Time is running out for laid off H-1B professionals as under the existing laws they need to leave the country within 60 days of losing their employment status, giving sleepless nights to the thousands of Indian tech workers and their family members. "This has a humanitarian impact on them as their families, including their US-born children are uprooted abruptly, and those who were laid off in the earlier months are now running out of time," the Foundation For India and Indian Diaspora Studies (FIIDS), which took up their cases with lawmakers and federal administration said in a statement on Friday. While the US Citizenship and Immigration Services is considering their request to extend the existing time window to 180 days, the process is likely to take up some time, leaving no other option for these professionals other than to leave the country. "FIIDS appeals to the USCIS, and Department of Homeland Security (DHS) to consider a request to expedite the extension of grace period. FII
Deloitte in India has hired close to 50,000 professionals over the last three years, nearly doubling the headcount as it invests in people and productive capacity in the country, the audit firm said on Friday. In a statement Deloitte Touche Tohmatsu India LLP said it focused on building skills to deliver technology-driven growth. It also announced completion of a pilot project to help address the issue of stubble burning in North India. "Deloitte in India has hired close to 50,000 professionals over the last three years," the statement said. "The organisation plans to continue to invest in people and productive capacities in India, with a focus on innovative approaches to support education, digital skills development, and training opportunities." Punit Renjen, Deloitte Global CEO Emeritus (retired), highlighted India's potential and the importance of skilling and nature-based solutions at the US-India CEO Forum, held here on Friday. "I believe, this is India's century, and the co
It is difficult to maintain corporate integrity for 78 per cent professionals in India, compared to 60 per cent in emerging markets, amidst volatile market conditions, an EY report said on Tuesday. The EY report comprises the views of over 2,750 board members, managers, and employees from 34 emerging markets which includes 100 professionals surveyed across India. "Organisations continue to remain vulnerable in volatile market conditions, with 78 per cent of respondents in India admitting that it is challenging to maintain their standards of integrity in periods of rapid change or difficult market conditions," the report said. According to the survey, entities in India have faced more action from regulators compared to other emerging markets covered in the survey. "Amidst shifts in regulatory expectations and economic stress, 60 per cent of respondents from India said that regulators have taken action against their organisation for breaching integrity standards or regulations, compa
Indian industry on Thursday welcomed the UK's new Scale-up Visa, which is aimed at attracting more skilled professionals from around the world, including India. The Federation of Indian Chambers of Commerce and Industry (FICCI) said the UK Home Office announcement directed at high-growth businesses to access a worldwide talent pool to boost their scale-up ambitions are well timed and likely to benefit many Indian businesses and also help UK companies tap into the vast Indian talent pool. Companies, including small businesses and those in the tech and financial services sectors that have achieved growth of 20 per cent or more in either employment or turnover year-on-year for at least three years and employed a minimum of 10 people at the start of those three years are eligible to sponsor workers under the new route. In the last few years, India has seen a large number of rapidly growing businesses from tech and financial services expand into the UK, said FICCI Director General Arun .