Diplomacy
Chinese Premier Li Keqiang seeks trust in India as border issue continues to irk
Chinese Premier Li Keqiang is seeking to build trust with India on his first foreign trip since taking office, which comes just a few weeks after a military standoff between the Asian giants on their ill-defined border in the Himalayan mountains. Full Article | Slideshow
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Infosys, TCS drop on U.S. visa reports
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Indian engineers attend to calls from abroad inside a call center in Gurgaon on the outskirts of New Delhi December 3, 2003.
Credit: Reuters/Kamal Kishore/Files
REUTERS - India's technology outsourcing companies fell on Thursday on local media reports the United States had raised the cost of processing H-1B employment visas.
The higher costs could hit profit margins at India's $100 billion technology and business process outsourcing industry, which employs 107,000 people in the United States, of which near a third are Americans.
Indian companies also send local employees to United States, typically through the H-1B visas.
Infosys (INFY.NS) and Tata Consultancy Services (TCS.NS) each fell 1.6 percent.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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