The US government has said that reports on the Trump administration reversing its decision under pressure were \"absolutely false\", and that the government had never considered such a policy change.

The proposal, circulated in the form of internal memo by the Department of Homeland Security (DHS), seeks to end the provision of allowing extensions to H-1B visa holders whose applications for green card had been accepted.

Earlier this May, top major companies Cognizant, Wipro and Infosys were in news for firing IT professionals on 'performance' ground. However, it was believed that these companies were under economic pressure triggered by slow growth in the industry.  

The report of the US Citizenship and Immigration Services (USCIS) has also refuted the impression that those who applied for the visa were not highly qualified.

The Indian benchmark indices ended the day on the negative.

Develoment comes barely a week after the US assured India that the H1-B visas issue was not a priority for it and would be part of the larger immigration reforms package.

The assurance came amid an ongoing debate in the US and reported moves by the Trump Administration to bring out an executive order to curtail the use of H-1B visas.

New US administration's move on H-1B visas and protectionist rhetoric are bad news for India's exports, especially from the information technology sector.

The Trump administration has no plans to come out with an executive order on H-1B visas, a prominent Indian-American donor and supporter of the US President claimed today, contradicting media reports that have generated anxiety in India.

Indians studying in American educational institutions should not be kicked out as the country needs smart people like them, Republican presidential front-runner Donald Trump has said.

Real estate mogul Donald Trump denied criticising Facebook CEO Mark Zuckerberg, who has been lobbying to expand H-1B work visa which is popular among Indian tech professionals.

Shares of logistics company Navkar Corporation made a muted debut on the bourses on Wednesday but surged over 5 per cent in intra-day trade above its issue price of Rs 155.

If you are among the people who dream of settling abroad, it is time to start the preparations in earnest. There are some important issues such as taxation and investments that you have to address at home before you can board the flight. Here is what you must do.

Information Technology major Infosys is faced with an expanding US government probe into its alleged violation of visa norms, with new players adding possibly damaging evidence.

Concerns over job losses caused by outsourcing could cloud long-term business plans for the US economy.

US President Barack Obama makes it clear that he will not relent on stopping tax breaks to US firms that ship jobs abroad.