Indian software firms Tata Consultancy Services Ltd., Infosys Technologies Ltd., Wipro Ltd. and HCL Technologies Ltd. are likely to see a rise of up to 5% in billing rates charged to outsourcing contracts, the Economic Times reported Tuesday.

The companies are seeking to raise billing rates for outsourcing contracts, mainly due to rising wages, inflation, and attrition of key staff, the newspaper said, citing unidentified sources.
The report said some of the larger contracts outsourced by customers such as Citigroup Inc., JPMorgan Chase & Co., Telstra Corp. Ltd., Wal-Mart Stores Inc. and American Express Co. are seeing rates at least 1%-3% higher compared to rates three years ago, the report said, citing an unidentified executive.

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