Just 5% of US staff on H-1B visas: Accenture

BENGALURU: Accenture CEO Julie Sweet said H-1B visas are not a major concern for the company, noting that just 5% of its US workforce is on such visas.“This is really a non-issue because we only have about 5% of our people in the US on H-1B visas, and they’re for really specialised experience and skills…

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Cyrus Mistry’s son Firoz joins Afcons board

MUMBAI: Firoz Mistry, the older son of the late Cyrus Mistry, has been appointed to the board of Afcons Infrastructure, marking his first directorship in an operating entity of the Shapoorji Pallonji (SP) Group. His appointment comes weeks after his cousin Pallon Mistry was inducted into the Afcons board. The move enhances his role within…

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‘Gen-next pushing IoT connected devices’

NEW DELHI: India is seeing a rapid uptake of IoT-based connected devices, with adoption levels rising at an estimated 30% for such systems, driven by a young and tech-savvy population, said Amit Kumar Jaiswal, vice-president, Samsung India R&D. Samsung has unveiled ‘AI Home’, a concept of a connected, intuitive living space that combines intelligence across…

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IT growth lifts Accenture: Revenue rises 7 per cent; new bookings reach $21.31 billion

Accenture, the global IT services and consulting firm with a significant Indian workforce, reported a 7 per cent year-on-year increase in revenue to $17.60 billion for the June-August 2025 quarter, reflecting steady client demand and digital transformation projects, the company said on Thursday. The growth included a 2.5 per cent foreign-exchange impact, PTI reported.Julie Sweet,…

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Billion-dollar IPO coming! LG Electronics India may raise Rs 11,500 crore; valuation seen around $9 billion

LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its updated…

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