Wed 16 May, 2012, 4:43 PM IST - India Markets closed

  • US to accept H1B visa applications from April 1

    Washington: The US would start accepting applications for H-1B visa , the most sought after work visa by Indian IT professionals , for the financial year 2012 from April one.

    As mandated by the US Congress, the fiscal year cap on H-1B petitions for 2012, beginning October 1, is 65,000.

    The first 20,000 H-1B petitions filed on behalf of individuals with US master's degrees or higher are exempt from this cap, the US Citizenship and Immigration Services (USCIS) said in a statement yesterday.

    US businesses use the H-1B program to employ foreign workers in specialty occupations that require theoretical or technical expertise.

    Such workers include scientists, engineers and computer programmers among others.

    Software professionals from India are said to be the biggest beneficiary of this visa.

    USCIS will monitor the number of petitions received and will notify the public of the date on which numerical limit of the H-1B cap has been met, the statement said.

    If USCIS receives more petitions

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  • Attrition big worry for employment market: Randstad

    New Delhi: Attrition is becoming a big worry for the fast-growing Indian employment market and could even have a snowballing effect on the country's vast talent pool, according to global HR group Randstad.

    "For the Indian market, attrition is turning out to be a big worry. People are being offered high salaries and companies are taking each other's talent," Netherlands-based Randstad's Managing Director (Global Client Solutions), Margriet Koldijk, told PTI.

    Randstad has a significant presence in the country and operates as Ma Foi Randstad.

    Koldijk noted that India is a booming market in terms of talent and many European companies look at the country for its highly-skilled workforce.

    "Europe would be looking at India for talent, mainly in sectors such as IT and chemical engineering that need highly-skilled people," she added.

    Koldijk pointed out that FMCG, IT and telecom would be among the sectors that are likely to see increased employment opportunities in the coming months.

    As per

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  • Warren Buffett bowled over by Indian hospitality

    Bangalore, Mar 23 (PTI) Indian hospitality today received a strong endorsement from the world''s third richest man, Warren Buffett, who said he was treated much better here than back in the US.

    "I am just overwhelmed by the welcome I have received from the moment we got here. They treat me much better in India than they do in the United States," said the Chairman and CEO of Berkshire Hathaway at a brief meeting with Karnataka Chief Minister B S Yeddyurappa early this morning.

    "I want to transport all this... I believe in free trade," he said in a lighter vein.

    "We had a great dinner last night... I met some very interesting people, had a great conversation. I couldn''t feel more welcome and more delighted to be here," said Buffet, who is staying at Taj West End during his visit to the country.

    "This is my first trip to India and the first foot I placed on Indian soil was in Bangalore... and it won''t be the last," said the 80-year-old billionaire.

    "When I come back, I will be 100 in

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  • An incredibly smart new phone from HTC

    Smartphone maker HTC Corporation launched its new handset HTC Incredible S in the Indian market.

    "HTC Incredible S is the answer for those looking for the perfect combination of performance and style and will help them stand out from the crowd as an icon," HTC India Country Head Ajay Sharma said in a statement.

    The handset, priced at Rs 28,900, is equipped with features like 4-inch WVGA Super LCD display, eight megapixel camera with dual flash, maps and HTC Sense.

    Take a look at the incredible features here.

    Also Read:

    Will HPs TouchPad be an iPad killer?

    iPad 2 not meant for CIOs, biz world

    iPad is finally here in India!

    Read More »
  • FM rolls back 5% service tax on healthcare

    New Delhi: Bowing to demand from all quarters, finance minister Pranab Mukherjee on Tuesday announced withdrawal of the proposed 5 per cent service tax on airconditioned hospitals with more than 25 beds and on diagonistic services.

    He also provided some relief to readymade garment manufacturers by raising the abatement available for levy of taxes on retail price of some branded garments and textile made-ups.

    "The purpose of the new levy (healthcare) was not merely to mobilise revenue, but to pave the way for introduction of the GST. However, I have decided to exempt the new levy in its entirety both in respect of services provided by hospitals as well as by way of diagnostic tests until GST comes into force", Mukherjee said while moving the Finance Bill in the Lok Sabha for consideration and passage.

    The announcement was greeted with loud thumping of desks by members as the minister hoped that it will no more be called "misery tax".

    Both these proposals, mooted by the minister as part

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