‘US visa rules to hit IT companies’ profits FY20′

The IT industry’s operating margins will narrow by 0.30- 0.80 per cent largely on an increase in local hires which the industry has been forced into due to the policy framework in its markets, rating agency Crisil’s research wing said in a note. The profitability of IT companies is set to be impacted by adverse … Read more‘US visa rules to hit IT companies’ profits FY20′

BCCI may face ED probe into its foreign payments

The RBI is likely to give a go-ahead to an ED probe into BCCI’s foreign remittances of close to Rs 2,000 cr without its approval, rejecting an exemption request from the board. BCCI officials had met RBI officials last week to explain why the money related to the Champions League T20 tournament was remitted overseas … Read moreBCCI may face ED probe into its foreign payments

Bill Kelly — Ariel Quiros’ behind-the-scenes man in the EB-5 fraud

Bill Kelly arrives outside federal court in Burlington for his arraignment on charges in the EB-5 fraud case on Wednesday. When Ariel Quiros and Bill Stenger arrived late Wednesday morning at the federal courthouse in Burlington, the media swarmed — seeking reaction to the filing of criminal charges against the two prominent public faces of the largest fraud case … Read moreBill Kelly — Ariel Quiros’ behind-the-scenes man in the EB-5 fraud

Chinese investors in shuttered vegas casino demand refunds

Developers and former managers of Asian-themed Lucky Dragon casino-hotel that was built, open for a year, closed and recently sold in Las Vegas are now facing investor lawsuits. Some plaintiffs are Chinese investors seeking refunds amid complaints they haven’t gained conditional immigration admission to the United States through the federal EB-5 immigration program, the Las Vegas Review-Journal reported. … Read moreChinese investors in shuttered vegas casino demand refunds