New Delhi, Sept. 22 -- Five of India's mid-cap software services providers have said the Trump administration's additional $100,000 fee to obtain new non-immigrant H-1B work visas will not affect their operations. Their shares were trading 2-5% lower around noon on Monday.

Coforge Ltd, Mphasis Ltd, Persistent Systems Ltd, Firstsource Solutions Ltd, and Cyient Ltd said they have reduced reliance on such visas over the years and continue to focus on local hiring.

Last Friday, US President Donald Trump signed an executive order requiring companies to pay $100,000 annually for every foreign worker brought under the H-1B visa, up from about $1,000 at present. White House clarified on Sunday that this one-time fee will apply only for new visa...