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Infosys' US Subsidiary Buys Underwriting Platform from STEP Solutions; Stock Edges Lower


Infosys US Subsidiary Buys Underwriting Platform from STEP Solutions; Stock Edges Lower
Infosys US Subsidiary Buys Underwriting Platform from STEP Solutions; Stock Edges Lower
The powerful rule-driven new business and automated underwriting platform from STEP will help Infosys McCamish in enhancing its industry-leading VPAS policy administration platform, Infosys said
Updated: February 17, 2021 10:22 am IST
At 10:10 am, the shares of Infosys had edged lower by 0.4 per cent to Rs 1,283.90
Infosys McCamish Systems, a US-based subsidiary of Infosys BPM, has bought the business and underwriting platform from STEP Solutions Group. STEP Solutions Group LLC is an affiliate of the Dillon Kane Group LLC based in Chicago. The financial details of the transaction have not been disclosed. ....

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Nestle India, Infosys, APSEZ, ICICI Bank in spotlight


Nestle India reported 2.26% rise in standalone net profit to Rs 483.31 crore on 9.16% rise in net sales to Rs 3,417.52 crore in Q4 December 2020 over Q4 December 2019. Nestle India said the board of directors recommended final dividend for the year 2020 of Rs 65.
Infosys McCamish Systems, a US-based subsidiary of Infosys BPM, the Business Process Management arm of Infosys, announced the strategic purchase of a state-of-the-art New Business and Underwriting platform from STEP Solutions Group LLC to ease the complexity of all types of insurance products such as Life, Annuity, and Health, for individuals and groups across North America.
Adani Ports and Special Economic Zone (APSEZ) completed the acquisition of 100% stake of Dighi Port (DPL) for Rs 705 crore on 15 February 2021. APSEZ plans to invest over INR 10,000 Cr to develop the port into a multi-cargo port with world class infrastructure as well as investing in the development of rail & road evacuation infrastructure f ....

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