Brokerage Motilal Oswal Financial Services expects Tier II companies to continue to outpace Tier I firms in growth during the quarter

According to data from the US Citizenship and Immigration Services, as reported by news agency PTI, a total of 1.3 lakh H1B visas were issued to different employers in April-September 2024 period. Out of these,

Tech companies originating from India took over a fifth of all H1B visas issued by the US, according to a report by news agency PTI which cited an analysis by the US Citizenship and Immigration Services.

Indian-origin tech firms secured 24,766 of 1.3 lakh H-1B visas issued in April-September 2024, with Infosys (8,140), TCS (5,274), and HCL America (2,953) leading. Amazon topped with 9,265 visas. The H-1B programme remains vital for US tech,

The number of H1-B visas Indian IT services companies secured has fallen over the past decade. At the same time, IT companies have increased hiring in the US.

Major Indian IT services firms such as Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies have consistently ranked among the top employers for H1B visa holders. Wipro was lower down this time with 1,

Data from the US Citizenship and Immigration Services revealed that between April and September 2024, of 130,000 H-1B visas issued, around 24,766 (20 percent) were allocated to Indian-origin companies.