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Excerpts

Recognition for L&T Infotech

Larsen & Toubro Infotech Limited (“L&T Infotech”), one of India’s global Information Technology (“IT”) services & solutions companies and a subsidiary of Larsen & Toubro Limited (“L&T”), today announced its entry in the ‘PEAK Matrix Service Provider of the Year™: ITS Top 20’ by the Everest Group.

In 2015, Everest Group published 26 PEAK MatrixTM IT services evaluations featuring 59 service providers across various parameters related to scale and scope of operations, technology, domain investments, delivery footprint, innovation, buyer satisfaction and resultant market success in the context of a given outsourcing function. Of these service providers, the Top 20 were shortlisted using a consolidated score reflecting points received on individual evaluations based on tiered scores for Star Performer, Leader, Major Contender, and Aspirant positions.

Further, the assessments also offer insights into the strategies pursued by service providers for key business lines, geographies and technologies.

“The global services industry is witnessing significant disruption due to rapid evolution in technology and sourcing models. The PEAK Matrix IT Service Provider of the Year™ ranking for L&T Infotech is indicative of a service provider’s broad-based capabilities and services strategies to help enterprises successfully navigate the disruption in global services,” said Jimit Arora, Partner, Everest Group.

Speaking on the achievement, Mr. Sanjay Jalona, Chief Executive Officer & Managing Director, L&T Infotech, said, “This recognition reflects our top-class talent, which has further enhanced our deep domain knowledge and emerging technology strength for all our customers. It is this breadth and depth of capabilities that enables us to solve complex business challenges at the convergence of the digital and physical world. We aim to further strengthen these capabilities for our clients.”-from BusinessWire

(Anybody interested in buying/selling shares of L&T Infotech,kindly email me at Alpha Ideas)

 

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Tweets

Why L&T MF is like police in Bollywood

They arrive on the scene after all the action is over !

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Links

Linkfest:March 17,2016

Some stuff I am reading today morning:

FED leaves rates unchanged (WP)

Should TCS buy IBM? (Mint)

Budget 2016-17 actually sucks (Parthasarathi Shome)

IPO Review:Healthcare Global (MoneyControl)

Sector Funds beat Diversified Funds (ET)

Water could make or break India growth (Bloomberg)

Better days ahead for agri input firms (BS)

Neelesh Surana on investing (OB)

So long Pershing Square (Nihon Cassandra)

Charting Gold (Market Anthropology)

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Tweets

Always be closing

Amusing sales pitch from the CEO of Birla Sun Life Mutual Fund.

Next he will want all Govt subsidies to flow directly to his Liquid Fund Schemes !

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Plug

Pre IPO Opportunity in Catholic Syrian Bank

Catholic Syrian Bank is a 95 year old bank based out of Kerala.

It has filed for an IPO and has already received SEBI’s final approval to list.

There are press reports that a group of PE firms- TPG Growth, TA Associates, Apax Partners, IVFA, Everstone, Kedaara and Multiples-are looking to pick up 25%-35% of Catholic Syrian Bank.

Last time,the bank placed shares in October 2014 at 180 Rs/share and followed that up with a rights issue in March 2015 at 75 Rs/share in the ratio of 1:3 effectively making the last placement price 153.75 Rs/share

A limited quantity of shares of Catholic Syrian Bank are available at a significant discount to this valuation as well as 31 March 2015 Book Value of Rs.147.25

For those interested,please email me at Alpha Ideas.