An American executive order on H-1B visas will only hit US firms badly, as it will prevent intra-company transfers by Indians who are working for American banks, automobile companies and pharmaceutical firms, the head of Tata Consultancy Services, India's biggest outsourcing company, has warned.
The US has suspended the issue of green cards and new H-1B visas in a move that has been slammed by the IT industry, a sector that depends on H-1B holders to carry out a sizeable amount of work.
Four men of Indian origin, three of whom ran two IT staffing companies in the US, have been charged with committing H-1B visa fraud by bringing job-seekers in on false claims that they had secured positions with companies in the country.
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