Business diary: Persistent Systems among best 20 leaders

Presistent Systems has been named among the Best 20 leaders in research and development services in annual survey of global outsourcing companies by International Association of Outsourcing Professionals.

Written by Express News Service | Published: July 13, 2012 1:11 am

Presistent Systems has been named among the Best 20 leaders in research and development services in annual survey of global outsourcing companies by International Association of Outsourcing Professionals (IAOP). Persistent bagged high marks for BI and analytics,cloud computing,collaboration and mobility,building blocks for technology products and enterprise applications of the future. The rankings are based on the applications received and evaluated by an independent judging panel of IAOP.

ACER India launches new notebooks

ACER India on Thursday launched a new set of notebooks of S,M V3,V5 and E series under aspire range. The company has launched more than 30 models in the new range which will focus on providing excellent performance combined with enhanced entertainment features and classy design. S Rajendran,chief marketing officer,Acer India said,“Being true to our new brand tagline “explore beyond limits”,the new range of notebooks will allow users to discover and experience new age computing. Over the last few quarters,we were focused on strengthening our product portfolio by leveraging the latest in technology. “

AxisDirect launches ‘Business Partner Programme’

AxisDirect,an online trading platform of Axis Securities and Sales Ltd, launched ‘Business Partner Programme’ on Thursday. This is a PAN India initiative aimed at partnering with independent financial advisors (IFA),insurance agents and financial planners to expand its axis direct client base. The partner would refer clients to Axis Direct for opening a 3-in-1 investment account through which a client can invest in equities,derivatives,equity SIPs,IPOs,mutual funds,MF SIPs,Bonds,and Company FDs. The Business Partner will also tie-up with Axis Bank for offering a range of retail asset solutions to its clients including home loans,auto loans,loan against shares,and loan against properties

Magma Fincorp announces Q1 results

Leading asset finance company Magma Fincorp Limited on Thursday announced the first quarter results pointing to the strong growth in business disbursals,profits and assets under management (AUM) over corresponding quarter last year. Inspite of a sluggish performance by the auto,equipment and tractors industries,Magma’s disbursements grew at a robust 45 per cent to Rs 2,057 crore. The company registered a phenomenal 93 per cent growth in profit after tax (PAT) to Rs 33.02 crore. Magma continued to grow its loan book faster than the industry,which has slowed down due to high interest rate environment and subdued economic outlook. As on 30 June 2012,the company’s assets under management was Rs 13,750 crore,registering a year on year (YOY) growth of 25 per cent. Sanjay Chamria,vice chairman and managing director,Magma Fincorp Limited,said,“Our performance has been resounding and our overall growth in disbursements across all our products have been terrific despite a sluggish industry,high fuel costs and inflation continuing to pull the economic growth down.”

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