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Applications for H1-B to be accepted from April 3
Posted on 17th March 2017
The US will start accepting applications for H-1B work visas for the fiscal year 2018 from April 3 amid the uncertainties surrounding the visa programme, the most sought after by Indian IT firms and professionals.

Unlike previous years, the official announcement by US Citizenship and Immigration Services (USCIS) did not say till when it would continue accepting the H-1B petitions.

The department normally has been accepting the application for the first five business days.

In the last few years, the department has received enough petitions to fill in the Congressional mandated 85,000 H-1B visas.

The Congressional mandated limit on H-1B visas include 65,000 in the general category and another 20,000 for those foreign students who have masters or higher degree from a US academic institution.

Those coming to the US on H-1B visas in certain categories for research and scientific institutions are exempted from this limit, but their visa processing is handicapped this year as the premium processing has been suspended by USCIS for six months.

USCIS's announcement also reflects that there is no changes in H-1B visas this year as was being anticipated in view of some media leaks of a proposed executive order on this work visa.

White House says it is working on a comprehensive immigration reform.

In its statement, USCIS said it begin accepting H-1B petitions subject to the fiscal year 2018 cap on April 3.

"All cap-subject H-1B petitions filed before April 3, for the FY 2018 cap will be rejected," it said. Fiscal year 2018 begins on October 1, 2017.

USCIS said H-1B programme allows companies in the US to temporarily employ foreign workers in occupations that require the application of a body of highly specialised knowledge and a bachelor's degree or higher in the specific speciality or its equivalent.

H-1B speciality occupations may include fields such as science, engineering and information technology.


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Posted on 21st April 2018
An audit of Facebook’s privacy practices for the Federal Trade Commission found no problems even though the company knew at the time that a data-mining firm improperly obtained private data from millions of users — raising questions about the usefulness of such audits. Facebook agreed to outside audits every two years as part of a 2011 settlement with the FTC over its privacy practices.

HDFC Bank Q4 net profit rises 20% to Rs4,799 crore
Posted on 21st April 2018
Mumbai: HDFC Bank Ltd on Saturday said its fourth quarter net profit rose 20.28% on the back of higher net interest income and other income.

The bank posted a net profit Rs4,799.28 crore for the three months ended 31 March compared to Rs3,990.09 crore in the year-ago period. Profit was lower than Rs4,858.9 crore estimated by a Bloomberg poll of 22 analysts.


L&T sells Bengaluru land parcel to Phoenix-CPPIB platform for Rs650 crore
Posted on 21st April 2018
Bengaluru: Island Star Mall Developers Pvt. Ltd, a strategic investment alliance by Phoenix Mills Ltd and Canada Pension Plan Investment Board (CPPIB) has acquired a land parcel in Hebbal, north Bengaluru for Rs650 crore from L&T Construction Equipment Ltd.

NORTH KOREA SUSPENDS NUCLEAR, MISSILE TESTS
Posted on 21st April 2018
North Korea on Saturday announced its suspension of all missile tests and shutting down of nuclear test site, saying its quest for nuclear arms was "complete" and it "no longer needed" to test its weapons capability.

"Under the proven condition of complete nuclear weapons, we no longer need any nuclear tests, mid-range and intercontinental ballistic rocket tests, and that the nuclear test site in northern area has also completed its mission," North Korean leader Kim Jong-un was quoted as saying by the state-run KCNA news agency.


PNB impounds passports of 150 wilful defaulters
Posted on 21st April 2018
NEW DELHI: Punjab National Bank (PNB), the country’s second-largest public sector lender + , has impounded passports of 150 wilful loan defaulters apart from lodging 37 FIRs against those who are not repaying loans as part of its recovery drive.

“The bank has already declared 1,084 wilful defaulters and published photos of 260 such defaulters in newspapers,” the bank said in a statement.


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