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US Rejects a Fourth of H1B Visa Applications, CCI to Probe OYO, MMT For Unfair Business Practices, Deep Discounting

Professor of Financial Economics and Part-time Value Investor, Transfin.
Oct 30, 2019 12:25 PM 2 min read

US rejected a fourth of H-1B visa requests from October to June. CCI to probe Oyo, MMT-Go for unfair business practices, deep discounts.

Your Application Has Been Rejected: The Donald Trump-led US administration has rejected nearly a fourth of all fresh H-1B applications through the third quarter of this year (from October to June), as per a US body.

Cognizant saw over 60% of its initial applications rejected, followed by Capgemini, Accenture, Wipro and Infosys.

Interestingly, Indian nationals account for nearly 70% of all H-1B permit holders.

The rejection rate has jumped over three times in 2019 compared to 2015, according to an analysis of H-1B data from US Citizenship and Immigration Services (USCIS) by National Foundation for American Policy, since USCIS has changed the standards for approval without new regulations or Congress passing a new law, alleged Stuart Anderson, Executive Director of NFAP. ET Tech

Guilty As Charged: Following a complaint from the Federation of Hotel & Restaurant Associations of India (FHRAI), against Oyo Hotel & Homes and MakeMyTrip (MMT-Go),and a preliminary probe into various aspects of their businesses, the Competition Commission of India (CCI) has concluded that "prima-facie" there are violations of competition law.

A CCI order says there is enough substance to warrant a probe, on evidence that the two are charging excessive commissions from hotel partners and demanding deep discounts which have led to the destruction of competitive pricing in the market.

The CCI has therefore, has launched an investigation against Oyo and MMT-Go on charges of predatory pricing, creating a monopoly and deep discounting. Moneycontrol


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