Dynacons Systems, Persistent Systems and BLS International to see some action today

03 Jul 2024 Evaluate

Dynacons Systems & Solutions has been awarded a prestigious project worth Rs 119 crore by the Central Bank of India. This project involves the supply, implementation, and maintenance of private cloud infrastructure, backup solutions, and supporting applications at the bank’s Data Center (DC) and Disaster Recovery Center (DRC).

Persistent Systems is planning to acquire New Jersey-based Starfish Associates. This strategic acquisition builds on Persistent’s existing engineering capabilities in the Contact Center and Unified Communications space, expanding its strong AI-driven business transformation capabilities and expertise in driving operational excellence. Known for its cuttingedge Enterprise Communications automation platform, Starfish Associates caters to the world’s largest enterprises including many Fortune 500 companies. This acquisition brings together Starfish Associates’ innovative platform with Persistent’s leading AI-powered automation capabilities and a strong customer base, enabling significant optimizations, enhanced efficiencies for workflows, and agile responses to dynamic business environments.

BLS International Services has signed significant contract with the Embassy of Poland in the Philippines to provide comprehensive visa outsourcing services. This landmark agreement aims to enhance the visa application process for travelers to Poland from the Philippines. The service will encompass both Schengen and National visa applications, which can now be submitted at two designated visa centers located in Manila and Cebu.

Standard Capital Markets has received approval for the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures (NCDs) having a face value of Rs 10,00,000 each, aggregating up to an amount of Rs 401.50 crore in one or more tranches on a Private Placement basis. The Board of Directors of the company in its Meeting held on July 2, 2024 have, inter – alia, Considered, approved the same.

NLC India has raised its coal production to 28.46 lakh tonne (LT) which is 35.27% growth during Q1 of FY2024-25 when compared to Q1 of FY 2023-24 i.e. 21.04 LT. The Company has achieved 22.12% growth in Lignite production during Q1 of FY 2024-25 i.e. 61.72 LT produced when compared to Q1 of FY 2023-24 i.e. 50.54 LT.

Marksans Pharma’s wholly owned subsidiary – Relonchem has received marketing authorization from UKMHRA for Rasagiline Relonchem 1 mg Tablets, Olmesartan 10 mg Film-coated Tablets, Olmesartan 20 mg Film-coated Tablets and Olmesartan 40 mg Film-coated Tablets.

ICICI Bank has launched its ‘Student Sapphiro Forex Card’, a premium forex prepaid card crafted specifically for students who are going abroad for higher education. The card, powered by Visa, provides exclusive benefits and convenience to students as well as their parents to manage education related expenses abroad such as admission fees, course-related fees and other day-to-day expenses including travel, dining and groceries, among others.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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Investing in stocks, mutual funds, debt, and gold
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A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

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