Ratings agency CRISIL Ltd said its unit bought Pipal Research Corpo, a knowledge process outsourcing (KPO) services provider for $12.75 million.
CRISIL's, KPO division, Irevna provides high-end research and analytical services to investment banks, insurance companies, asset management firms and other financial institutions. Irevna provides its services from Chennai, Mumbai, Buenos Aires, and Wroclaw (Poland), and is shortly setting up a research centre in China.
The Irevna-Pipal combination will be uniquely positioned in the high-end analytical off shoring space with the widest range of services, geographic locations and customer diversity. Pipal's services, clients and delivery locations are complementary to Irevna's, enabling the combine to strengthen its leadership in the KPO industry, said CRISIL in a press release.
On Thursday, CRISIL shares ended 0.3% up at Rs6,150 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,861 points.
IVRCL Infrastructures & Projects (IVRCL) said it has won a project worth Rs750 crore for four laning and improvement of Karanji-Wani-Ghuggus-Chandrapur Road, Maharashtra State Highway 6 & 7 in Yavatmal and Chandrapur district. The company has won the contract from Public Works Department of Maharashtra.
The project will be completed on design, build, finance, operation and transfer (DBFOT) basis. The state government will provide a viability gap funding of Rs232 crore. The project construction is slated to be completed within 24 months, IVRCL said in a regulatory filing.
On Thursday, IVRCL Infra shares rose 1.7% to Rs169 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,861 points.
Jet Airways (India) Ltd said it has signed a 10-year business transformation and information technology (IT) services agreement, worth $62 million, with IBM.
As part of the deal, IBM will provide technology solutions to transform the airline's business areas such as airport operations, direct distribution and frequent flier programs. This engagement will help Jet Airways improve its IT systems to deliver a highly differentiated customer experience and improve its operational efficiency.
IBM will support Jet Airways with IT infrastructure and application support services including employee transition, data centre operations, central helpdesk support, server and storage operations, and Internet security services through the use of Tivoli suite, network management, SAP and other operating system.
On Thursday, Jet Airways shares gained 2.9% to Rs815 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.4% to 19,861 points.