Wipro Ltd. , Infosys Technologies Ltd . and Patni Computer Systems Ltd. , which provide technology services to corporate customers, may see expenses for U.S. work visas double if a bill passed by the U.S. Senate becomes law.
India said it may lodge a complaint against the U.S. at the World Trade Organization over legislation that may double visa costs, threatening to erode the competitiveness of Indian software-services companies.
Tata Consultancy Services Ltd. , Infosys Technologies Ltd. and Wipro Ltd., India’s largest software exporters, fell in Mumbai trading after the U.S. Senate passed a bill that could double work-visa costs.
The U.S. Senate passed and sent to President Barack Obama a $600 million plan to bolster security at the U.S.-Mexico border, providing 1,500 new Border Patrol, Customs and other agents, communications equipment and unmanned aircraft.
Tata Consultancy Services Ltd. says it’s banking on President Barack Obama ’s visit to India next week to ease concern over increased U.S. visa costs and protectionism toward software-services companies.