Small-cap stock under ₹100 to be in focus on Monday; here is why
One Point One Solutions informed the exchanges that its wholly-owned subsidiary, One Point One Singapore Pte. Ltd., has signed a term sheet for the acquisition of a 100 percent stake in ITNITY PTE. LTD. The Singapore firm specialises in digital customer engagement services, and the deal is expected to significantly enhance OPO's technology-led customer service capabilities.
The company said the proposed acquisition is in line with its long-term strategy to scale up operations beyond Indian shores. It aims to unlock synergies through operational integration and widen its digital engagement and contact centre portfolio, positioning itself as a full-stack global solutions provider.
'This strategic acquisition is a game-changer,' said Akshay Chhabra, CEO of One Point One Solutions. 'The target company's customer engagement expertise and advanced digital solutions perfectly align with our growth ambitions. It will significantly boost our service offerings and client value, accelerating our market position.'
According to the press release, the acquisition will be executed for a total enterprise value of $7.6 million, subject to successful legal and financial due diligence. The transaction will allow One Point One Solutions to expand its service capacity and tap into new international clientele, particularly in Southeast Asia.
The company said the proposed integration with ITNITY will bring about enhanced efficiency, cost savings, and improved resource optimisation. It is also expected to support One Point One's existing customer base with more robust delivery infrastructure.
One Point One Solutions Ltd. provides comprehensive services across BPO, KPO, IT, Technology & Transformation, and Analytics. The company works across a wide range of industries, including banking, insurance, telecom, e-commerce, and healthcare. Its clientele includes several high-growth digital platforms as well as traditional businesses.
With centres in Navi Mumbai, Pune, Chennai, Bangalore, Indore, Gurgaon, and overseas locations such as Cincinnati (USA) and now expanding into Singapore, the company is aggressively broadening its geographical footprint. The acquisition of ITCube Solutions earlier had already helped consolidate its offerings across IT, BPM, and KPO verticals.
Despite its strategic efforts, the One Point One Solutions stock has faced downward pressure in recent months. The stock has declined more than 25 percent over the past one year. In July alone, it slipped more than 1 percent after a steep 19.5 percent correction in June.
Prior to that, the stock gained 6 percent in May and surged 26.4 percent in April. However, the momentum has been inconsistent—falling 5.3 percent in March, 6.7 percent in February, and 2.3 percent in January.
Investors will now be watching closely to see whether the proposed acquisition provides the much-needed trigger for a sustained recovery in the stock.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
16 minutes ago
- The Hindu
Indian inequality and the World Bank's claims
Inequality is an important concern for the political economy of a democracy. However, the Indian inequality debate is often characterised by the selective use of data to make exaggerated claims that fuel misperceptions rather than result in a better understanding. The sharp reactions to a recent World Bank report ('India Poverty and Equity Brief: April 2025') are an illustrative case in point. The World Bank report claims that India has almost eradicated extreme poverty. Further, it claims, the country has significantly reduced consumption inequality since 2011-12, in terms of consumption patterns of the population. In terms of the Gini coefficient, a measure of inequality, the report (without separating the consumption and income inequality-based estimates) has placed India among the top four least unequal countries. These findings have created quite a stir, as the media and the public are accustomed to reports claiming very high inequality in India. What has happened? What it is based on The World Bank's claims about the Indian inequality are based on the official Household Consumption Expenditure Survey (HCES) data for 2022-2023. This data is collected using the modified mixed reference period (MMRP) method, which employs the state-of-the-art statistical technique. As the World Bank report correctly observes, 'The MMRP is considered an improvement and alignment with international best practices...' The World Bank has adjusted the Indian data to account for some but not all government-provided free goods and services. The World Bank finds that during 2011-12 and 2022-23, India registered a major decline in consumption inequality; in this period, the consumption-based Gini coefficient dropped from 28.8 to 25.5. Critics of the report argue that the World Bank has underestimated the inequality, as the HCES data does not capture consumption by the rich. It is a valid critique, but India is not an exception. This limitation applies to all survey data in all countries and, in itself, does not question the broad ranking of countries. Even if we discount the precision of the World Bank's inequality estimates, a significant improvement in India's international ranking is a fact. Of course, we should not confuse consumption inequality with income inequality. The decrease in India's consumption inequality is substantial and indisputable. To address the data issue, let us assume that the problem of missing elite consumption is more pronounced in India — say, the HCES rounds do not capture consumption by the top 5% families at all. In that case, going by the consumption expenditure data, it is irrefutable that the consumption inequality has decreased between 2011-12 and 2022-23 for the remaining 95% of the population covered in HCES data. The HCES data show that the country's consumption basket is healthier today than ever. Between 2012 and 2023, the per capita availability of milk and eggs has increased by 45% and 63%, respectively. The availability of fruits, vegetables and protein products has increased. The share of cereals in the food bill, as well as calorie intake, has decreased, while that of healthier products has increased, for all strata. All this improves the diet for the 95%, rather than the richest groups, whose consumption already matches the best in the world. The dietary intake improvements are most striking for the bottom 20% of households in rural and urban areas, even if we ignore the free food and cash transfers received by these groups. The share of rural households consuming fresh fruits (to a different frequency) has increased from 63.8% in 2011-12 to 90% in 2023. The 2022-23 and 2023-24 rounds of consumption data irrefutably demonstrate that extreme poverty has been almost eradicated. Whether we use the Rangarajan, Tendulkar, or the multi-dimensional poverty index of NITI Aayog, poverty has declined significantly. Based on the International Poverty Line of $3 between 2011 and 2023, India has pulled around 27 crore people out of extreme poverty. Independently, the nightlight data show a significant increase in ownership rates of pucca homes and paved roads in rural areas over the last 10 years, owing to the Pradhan Mantri Gramin Awas Yojana and Pradhan Mantri Gram Sadak Yojana. Among the poorest 20% of households, more than 40% own a vehicle today, compared to just 6% in 2011-12. This enables rural workers to work part-time in nearby cities without having to migrate. If we factor in these and the other policies targeted at the bottom of the pyramid, such as Ayushman Bharat, the aggregates of welfare for the poor would look even better. Examining income levels True, it is important to examine income inequality separately from consumption inequality. There is no official income survey data yet. The mainstream media and commentators use the income shares of the top 1%, as estimated by the World Inequality Lab (WIL) to argue that the income inequality is very high in India, disregarding critical limitations of these estimates. Given the lack of data on income distribution, the WIL uses the income tax data to estimate top income levels. They use the old consumption data and estimates of the income-consumption relationship to estimate income for low- and middle-income households. The latter estimates unrealistically assume that consumption expenditure exceeds income for 70%-80% of households. How can it be that all families, except the top 20-30%, spend more than they earn, year after year? As an inevitable consequence of using such an implausible assumption, the income of the bottom 80% gets underestimated. This reduces their estimated share of national income. Conversely, shares of top income groups are overestimated. Even if we ignore these limitations, we do not find an increase in income inequality. Taking the WIL estimates as they stand, the national income shares of the bottom 50% have increased from 13.9% in 2017 to 15% in 2022. During the same period, the share of the top 10% has decreased from 58.8% to 57.7%. The high national income shares of the top 1% are a matter of concern. However, since 2017, the income shares of the top 1% have increased by only 0.3 percentage points. Research by this writer indicates that a part of this increase is attributable to improved income reporting by affluent groups in response to the Centre's anti-tax evasion measures since 2016-17. Better reporting should not be mistaken for increased inequality. Furthermore, the WIL inequality estimates used by the media and commentators are based on pre-tax income levels. However, it is the post-tax and post-subsidy/transfer income that matters to people. Therefore, to be meaningful, income inequality estimates should be based on the post-tax rather than the pre-tax income. For instance, in the assessment year 2023-24, the top 1% of all taxpayers accounted for 72.77% of the total tax paid. Even in the individual category, the top 1% paid 42% of the total tax paid. Arguably, wealthy individuals should pay more taxes, but the point is that even at the existing tax rates, the actual post-tax income of top-income taxpayers is only 65%-75% of the levels used in headline-grabbing estimates. For low-income groups, in contrast, the income levels used are smaller than the actual effective income, which is higher, due to the all-time high welfare transfers that account for more than 8% of GDP. On a post-subsidy, post-tax income basis, over the last decade, we will find a decrease in income inequality in recent years. The other story about India Admittedly, we must travel a long way before we can claim to be an egalitarian society. Inequality in accessing quality health and education is a serious concern. For a country of our size and diversity, inevitably, there are many lived realities. However, the story of India is not just about poverty and inequality any more; it is about progress and aspirations too. While being mindful of the current problems and challenges ahead, let us also celebrate the country's successes. Ram Singh is Director, Delhi School of Economics, Member, Monetary Policy Committee of the Reserve Bank of India (RBI) and Member, Technical Expert Group for the First Household Income Survey, Ministry of Statistics and Programme Implementation (MoSPI), Government of India. The views expressed are personal
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Jio Financial Services ties up with Allianz Group for 50:50 reinsurance JV
Jio Financial Services (JFSL) on Friday said that it has entered into a binding agreement with Munich-based Allianz Group, through its wholly owned subsidiary Allianz Europe B.V., to form a 50:50 reinsurance joint venture. Additionally, the company also said that it has entered into a non-binding agreement with the Allianz Group to set up equally owned joint ventures for both life and general insurance businesses in the country. 'The potential partnership for insurance will see two trusted financial services brands — JFSL and Allianz — coming together to deliver innovative and holistic protection solutions to the people of India,' the company said in a statement late on Friday night. According to the company, the reinsurance JV will leverage Allianz's existing Allianz Re and Allianz Commercial portfolios and activities in India. It will also benefit from Allianz's global setup, including its pricing, risk selection, and portfolio management expertise. Allianz Re has been reinsuring risk in India for over 25 years. 'The reinsurance JV between JFSL and Allianz will help insurers manage risks more effectively by providing access to strong underwriting capabilities and competitive capacity — ultimately strengthening the resilience of the entire insurance ecosystem. The JV will launch operations post receipt of statutory and regulatory approvals,' the company further said. Allianz was the JV partner with Bajaj Finserv for more than 20 years and had two insurance JVs — Bajaj Allianz Life and Bajaj Allianz General. Allianz had a 26 per cent stake in both the insurance companies. In October last year, Allianz expressed its intention to split with Bajaj Finserv, and in March this year, Bajaj Finserv announced that it will buy Allianz's stake in both the JVs for ₹24,180 crore. Following the split, speculation was rife that Allianz and JFSL would come together to form insurance JVs. According to Isha M Ambani, Non-executive Director, JFSL, this partnership, combining Allianz's global reinsurance expertise with JFSL's deep understanding of the Indian market and strong digital infrastructure, aims to deliver innovative and customised reinsurance solutions to insurers. 'Aligned with the national goal of 'Insurance for All by 2047', we are committed to building a stronger and more inclusive insurance ecosystem that ensures broader access to protection for every Indian,' Ambani said. 'We are proud to partner with JFSL to support the democratisation of access to world-class financial services for the people of India, with the opportunity to serve a growing number of consumers who are seeking the right protection for themselves, their families, and their businesses,' said Oliver Bäte, Chief Executive Officer, Allianz SE. Currently, India's insurance sector has one state-owned reinsurer — General Insurance Corporation (GIC Re). Valueattics Reinsurance, backed by Prem Watsa and Kamesh Goyal, has recently received the insurance regulator's nod for a reinsurance company. Additionally, there are 13 foreign reinsurance branches (FRBs) set up by global reinsurance companies, including Munich Re, Swiss Re, and Lloyd's of London, operating in India.
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
CDSCO revises export NOC guidance document for new drug formulations
The Central Drugs Standard Control Organisation (CDSCO) has revised its guidance document for issuing no-objection certificates (NOCs) for the manufacture of approved or unapproved new drugs intended exclusively for export. The updated framework, previously notified in May this year, introduces relaxations for fixed-dose combinations (FDCs) and research-oriented drug batches. As part of the revised document, manufacturers of unapproved FDCs will now be allowed to submit regulatory approvals from Stringent Regulatory Authorities (SRAs) such as the United States (US), European Union (EU), Canada, Australia and Japan as an alternative to approvals from the National Regulatory Authority (NRA) of the importing country. Earlier, an NRA approval was mandatory for unapproved FDCs, new drugs under the Narcotic Drugs and Psychotropic Substances (NDPS) category, and banned drugs. The updated guideline also permits the submission of SRA approvals in cases where NRA clearance of the importing country is not available, easing the regulatory burden on Indian pharmaceutical exporters catering to international markets with more advanced drug oversight systems. The revised guidance also entails discontinuation of quantity and purchase order (PO)-specific NOCs for all classes of drugs, except for NDPS and banned drugs. The apex regulatory body also clarified that exporters of New Chemical Entity (NCE) batches for research purposes can now submit International Union of Pure and Applied Chemistry (IUPAC) names, and standard temperature and pressure (STP) data, if NRA approval of the importing country is not available. The previous document provided this option to NCE batches for clinical trials and Abbreviated New Drug Applications (ANDAS), but did not elaborate on providing the same for other NCE research activities. In May this year, the CDSCO formalised a two-step process for securing export NOCs, with the first step involving a one-time registration at the CDSCO zonal office, submission of legal documents, manufacturing licenses, reconciliation data, and regulatory approvals. The second step entailed clearance of consignments at the port office through online submission of export documents. Each NOC will be valid for one year or until the approved export quantity is exhausted, whichever comes first. The CDSCO has also set a seven-day timeline for NOC issuance under the new system. The revised guidance document for issuance of NOC for manufacture of unapproved and new drugs comes after the CDSCO had centralised this process in July last year. These powers were earlier delegated to State and Union Territory (UT) Licensing Authorities, before the apex drug regulator had withdrawn them over complaints of non-compliance of rules in issuing export NOCs. The CDSCO had also asked states to hand over all NOCs issued from August 20, 2018 to May 14, 2024 to it.
