Daily Capsule

FIEO partners with PayPal; H1B filings at an all-time low

Team YS
7th Apr 2018
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PayPal will work with FIEO to educate SMEs on how to leverage global opportunities, help them receive money in a safe and timely manner with PayPal products like invoicing, and bring to them global best practices from across 200 markets. The partnership is aimed at strengthening the government’s agenda of Make in India and Digital India, enable international transactions, and educate SMEs and exporters to leverage technology.

(L-R) Richard Nash, VP and Global Head of Government Relations, PayPal; Dr Ajay Sahai, Director General & CEO, FIEO; and Anupam Pahuja, Managing Director and Country Manager, PayPal

Indian IT companies are facing the heat from US President Donald Trump’s “Buy American, Hire American” campaign. The President, who is campaigning for local job growth over cheap Indian IT labour, has been demanding reforms of the H1B visa programme. Recent data suggests Trump’s campaigns have made IT companies reduce H1B visa filings. A study conducted by the San Francisco Chronicle revealed Indian firms such as Wipro had reduced visa filings by 52.4 percent over 2015 and 2017.


Riveto, developed by Pune-based MobiTech Solutions, curates cross-category product information, expert videos, deals and discounts, community discussions and user ratings under one platform. It helps shoppers cut the clutter of daily deals and information overflow and quickly get to their purchase.


Started by Prabhu Ramachandran, Rajavel Subramanian, and Yogendra Babu, Facilio makes software for facilities and buildings. It uses IoT and Machine Learning to assist building operations, sustainability performance, workforce efficiency and occupant comfort, all together in real-time.

Prabhu Ramchandran (centre) along with founders Rjavel and Yogendra Babu.

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