Firstsource signs five year outsourcing partnership with Axis Bank

BPO services provider Firstsource Solutions Ltd said it signed a five-year outsourcing agreement with Axis Bank Ltd. 
Firstsource, as a part of the agreement, will offer customer contact services (voice, email & web chat) to retail customers of Axis Bank.
Services to Axis Bank retail customers will be across the fixed, savings and current account category while credit card services will be to its platinum, corporate, regular and travel card customers.

Firstsource will provide these services from its centres in Mumbai and Chennai in 11 Indian languages. Firstsource currently derives 24% of its revenues from the banking, financial services and insurance (BFSI) vertical, said the company in a statement.

On Tuesday, Firstsource shares declined 0.9% to Rs26, while Axis Bank shares rose 0.2% to Rs1,398 on the Bombay Stock Exchange. The benchmark Sensex gained 0.5% to 18,645 points.

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Man Industries wins orders worth Rs1,200 crore

Pipe manufacturer Man Industries (India) Ltd said it has received orders worth Rs1,200 crore from various international and domestic customers including GAIL (India) Ltd for its Dabhol-Bangalore pipeline project.

These orders are for supply of approximately 200,000 tons of large diameter pipes, it said in a regulatory filing.

On Tuesday, Man Industries shares ended 1.7% up to Rs105 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.5% to 18,645 points.

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KEC International to acquire SAE Towers

Manufacturer of electricity transmission towers, KEC International Ltd said it plans to acquire US-based SAE Towers Holdings LLC and its operating subsidiary companies in Brazil, Mexico and the US. No financial details were provided.

SAE Towers has manufacturing facilities in Brazil and Mexico. It also has a tower test station in Brazil. SAE Towers is engaged in manufacturing and supply of power transmission towers, related hardware, sub-station structures and poles for power transmission.

On Tuesday, KEC International shares ended 1.7% up at Rs494 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.5% to 18,645 points.

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