Infosys says cleared in US visa probe by Labor Department

Last Updated: Wednesday, September 9, 2015, 08:23

"Infosys fully cooperated with the (Department of Labor) in this activity," the company told Reuters in a statement, noting the company was confident from the start that it had complied with US immigration laws.

US govt finds no violations in H1-B visa case: Infosys

Last Updated: Tuesday, September 8, 2015, 11:57

Infosys fully cooperated with DOL in its investigation, and over 145 files were reviewed, with no violations found, it added.

US grants 86% H-1B visas to Indians: Study

Last Updated: Wednesday, August 12, 2015, 13:40

Almost 86 percent of the H-1B visas that the US granted for computer jobs went to Indian workers, a Computerworld analysis analysis of government data obtained through a Freedom of Information Act request shows.

Disney ABC TV reverses plans to outsource IT jobs

Last Updated: Saturday, June 13, 2015, 15:03

Amid reports of a US government probe of two top Indian IT companies for possible violations of H-1B visa rules, Disney ABC TV has cancelled plans to outsource IT jobs, according to a media report

US opens probe against TCS, Infosys for H1-B visa violations

Last Updated: Friday, June 12, 2015, 12:22

The US government has opened an investigation against two of the biggest Indian outsourcing companies for possible violations of H1-B visa rules, according to a media report.

Morgan Stanley to pay $2.6 billion to settle mortgage-bond claims

Last Updated: Thursday, February 26, 2015, 09:27

Morgan Stanley said it will pay $2.6 billion to the U.S. government to resolve potential claims stemming from the sale of mortgage bonds before the financial crisis, reducing its 2014 profit by more than half.

US reaps nearly $45 billion in wireless spectrum auction

Last Updated: Friday, January 30, 2015, 22:29

The US government is getting nearly $45 billion from an auction of wireless spectrum, highlighting surging demand for new devices which connect to the Internet.

Honda to pay $70 million in fines for failure to report deaths, injuries: US agency

Last Updated: Friday, January 9, 2015, 00:50

Honda Motor Co has agreed to pay $70 million to the US government in penalties for failing to report hundreds of injuries, deaths and other consumer claims involving its cars, transportation officials said on Thursday.

India cuts exposure to US govt securities at $77.5 bn in Oct

Last Updated: Sunday, December 21, 2014, 13:23

Apart from India, other BRICS nations -- Brazil, Russia, China and South Africa -- cut down their holdings of American government securities.

IBM says cloud business enjoying "breakthrough year"

Last Updated: Thursday, December 18, 2014, 12:24

IBM aims to expand the number of data centres it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business.

Apple antitrust case over iPods nears jury deliberations

Last Updated: Tuesday, December 16, 2014, 09:03

The plaintiffs, a group of individuals and businesses who purchased iPods from 2006 to 2009.

US faces tough questions in Apple e-books antitrust appeal

Last Updated: Tuesday, December 16, 2014, 08:52

A US government lawyer faced tough questioning in an appeals court on Monday as he sought to defend a judge`s ruling that Apple Inc conspired with five publishers to raise e-book prices.