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India's top software services firm Wipro said the recent H1B visa fee hike by the US will have a "large impact running into multi-million dollars", on Monday. The company will try to hire more locals in the US to offset the impact. "It is a large impact running into multi-million dollars for Wipro and also I'm sure for similar such organizations, and it will have meaningful impact on our operating margins. Once we start applying for that, we will disclose those numbers," Wipro chief financial officer Jatin Dalal told reporters in Bengaluru, reported the Press Trust of India. "...this is...

GM to Outsource $15B in IT Work Thursday, February 02, 2006 DETROIT — General Motors Corp. (GM) said on Thursday it would outsource up to $15 billion of information technology work as it tries to cut costs and restructure operations. Five-year contracts were given to Electronic Data Systems Corp. (EDS), Hewlett-Packard Co. (HP), International Business Machines Corp. (IBM), France's Cap Gemini, the Compuware Covisint unit of Compuware Corp., and India's Wipro Ltd. About half of the $15 billion in five-year contracts were awarded on Thursday, GM said. The world's largest automaker said the initiative was driven by the end of...