Infosys shares rise after being cleared in US visa probe

Reuters Updated - January 22, 2018 at 07:43 PM.

Infosys shares moved up after US cleared the company of any wrong doing and closed the investigation into the migration case.

At 10.55 am, shares were trading higher by 2.71 per cent or Rs 28.70 at Rs 1,088 on the BSE.

The stock moved in a range of Rs 1,087.40 and Rs 1,099 in morning deals.

American technology workers at Southern California Edison had complained their jobs were wrongfully outsourced to foreigners working on H-1B visas.

Infosys said it has fully co-operated with US Department of Labor and complied with U.S. immigration laws.

Employment visas are a politically charged topic in the United States, especially those related to Indian IT services companies that are seen as taking jobs away from Americans.

Published on September 9, 2015 05:28