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BLS International Services Dec-Quarter Consol Net Profit 1.21 Bln Rupees
Feb 11 (Reuters) - Bls International Services Ltd BLSN.NS:
DEC-QUARTER CONSOL NET PROFIT 1.21 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.13 BILLION RUPEES
Source text: [ID:]
Further company coverage: BLSN.NS
(([email protected];;))
Feb 11 (Reuters) - Bls International Services Ltd BLSN.NS:
DEC-QUARTER CONSOL NET PROFIT 1.21 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.13 BILLION RUPEES
Source text: [ID:]
Further company coverage: BLSN.NS
(([email protected];;))
BLS International Services Unit Subscribes 100% Share Capital Of BLS International Jordan
Jan 3 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES LTD - UNIT SUBSCRIBES 100% SHARE CAPITAL OF BLS INTERNATIONAL JORDAN
Source text: ID:nNSEc7ckD5
Further company coverage: BLSN.NS
(([email protected];))
Jan 3 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES LTD - UNIT SUBSCRIBES 100% SHARE CAPITAL OF BLS INTERNATIONAL JORDAN
Source text: ID:nNSEc7ckD5
Further company coverage: BLSN.NS
(([email protected];))
Bls International Services Says Sept-Quarter Consol Net Profit At 1.38 Billion Rupees
Nov 11 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES SEPT-QUARTER CONSOL NET PROFIT 1.38 BILLION RUPEES
BLS INTERNATIONAL SERVICES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.95 BILLION RUPEES
Source text: ID:nBSE28NTL4
Further company coverage: BLSN.NS
(([email protected];))
Nov 11 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES SEPT-QUARTER CONSOL NET PROFIT 1.38 BILLION RUPEES
BLS INTERNATIONAL SERVICES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.95 BILLION RUPEES
Source text: ID:nBSE28NTL4
Further company coverage: BLSN.NS
(([email protected];))
BLS International Services Completed Acquisition Of 51% Equity Shares Of SLW Media
Oct 17 (Reuters) - Bls International Services Ltd BLSN.NS:
COMPLETED ACQUISITION OF 51% EQUITY SHARES OF SLW MEDIA
Source text for Eikon: ID:nBSE6Y65gJ
Further company coverage: BLSN.NS
(([email protected];))
Oct 17 (Reuters) - Bls International Services Ltd BLSN.NS:
COMPLETED ACQUISITION OF 51% EQUITY SHARES OF SLW MEDIA
Source text for Eikon: ID:nBSE6Y65gJ
Further company coverage: BLSN.NS
(([email protected];))
Bls International Services Says Unit Acquires 99% Stake In BLS United Ventures S DE RL DE CV
Oct 4 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES - UNIT ACQUIRES 99% STAKE IN BLS UNITED VENTURES S DE RL DE CV
Source text for Eikon: ID:nBSE1SdXkR
Further company coverage: BLSN.NS
(([email protected];))
Oct 4 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES - UNIT ACQUIRES 99% STAKE IN BLS UNITED VENTURES S DE RL DE CV
Source text for Eikon: ID:nBSE1SdXkR
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International drops on block deals at discount
** Shares of BLS International ServicesBLSN.NS are down 4% at 408 rupees
** More than 6 mln shares traded in 9 block deals in price range of 408-412.45 rupees/shr - all at a discount to co's last closing price of 425.85 rupees, LSEG data shows
** Overall, more than 16 mln shares changed hands, nearly 3x the 30-day avg
** Stock on track to fall for a third straight session, losing 10.5% in the period
** Still, stock up 28% YTD after nearly doubling in 2023
(Reporting by Nishit Navin)
(([email protected];))
** Shares of BLS International ServicesBLSN.NS are down 4% at 408 rupees
** More than 6 mln shares traded in 9 block deals in price range of 408-412.45 rupees/shr - all at a discount to co's last closing price of 425.85 rupees, LSEG data shows
** Overall, more than 16 mln shares changed hands, nearly 3x the 30-day avg
** Stock on track to fall for a third straight session, losing 10.5% in the period
** Still, stock up 28% YTD after nearly doubling in 2023
(Reporting by Nishit Navin)
(([email protected];))
Bls International Services Signs Definitive Agreement To Acquire 51% Stake In Slw Media
Aug 30 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES - SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 51% STAKE IN SLW MEDIA
BLS INTERNATIONAL SERVICES LTD - DEAL FOR VALUE OF 8 MILLION RUPEES
Source text for Eikon: ID:nBSEzLtt
Further company coverage: BLSN.NS
(([email protected];))
Aug 30 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES - SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 51% STAKE IN SLW MEDIA
BLS INTERNATIONAL SERVICES LTD - DEAL FOR VALUE OF 8 MILLION RUPEES
Source text for Eikon: ID:nBSEzLtt
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International Services rises after upbeat Q1 results
** Shares of BLS International Services Ltd BLSN.NS rise 5.3% to 368.50 rupees
** Co, which offers visa services, reports a 66% jump in Q1 profit, with income from ops growing faster than the rise in its expenses
** Co's EBITDA margin jumps to 27% from 20.9% a year earlier
** BLSN stock extends YTD gains to 14.3%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of BLS International Services Ltd BLSN.NS rise 5.3% to 368.50 rupees
** Co, which offers visa services, reports a 66% jump in Q1 profit, with income from ops growing faster than the rise in its expenses
** Co's EBITDA margin jumps to 27% from 20.9% a year earlier
** BLSN stock extends YTD gains to 14.3%
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Bls International Services Unit Got Approval From Turkish Regulatory Authority To Acquire IDATA
July 1 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES - UNIT GOT APPROVAL FROM TURKISH REGULATORY AUTHORITY TO ACQUIRE IDATA
Source text for Eikon: ID:nBSE9HJPj3
Further company coverage: BLSN.NS
(([email protected];))
July 1 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL SERVICES - UNIT GOT APPROVAL FROM TURKISH REGULATORY AUTHORITY TO ACQUIRE IDATA
Source text for Eikon: ID:nBSE9HJPj3
Further company coverage: BLSN.NS
(([email protected];))
India's BLS E-Services jumps as co to buy stake in Aadifidelis Solutions
** Shares of digital service provider BLS E-Services BLSE.NS up 8.2% at 286.1 rupees after rising as much as 10%
** BLSE enters into definitive share purchase agreement to invest and acquire 55% equity shares of Aadifidelis Solutions and its affiliates
** Says enterprise value of deal is approx. 1.9 bln rupees ($22.8 mln) and acquisition will be completed on or before Sept. 30, 2024
** Stock witnesses its most active trading session since March 28, with more than 1.5 mln shares changing hands, 4.4x the 30-day avg
** Stock down 6.2% since its listing in Feb
($1 = 83.4240 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of digital service provider BLS E-Services BLSE.NS up 8.2% at 286.1 rupees after rising as much as 10%
** BLSE enters into definitive share purchase agreement to invest and acquire 55% equity shares of Aadifidelis Solutions and its affiliates
** Says enterprise value of deal is approx. 1.9 bln rupees ($22.8 mln) and acquisition will be completed on or before Sept. 30, 2024
** Stock witnesses its most active trading session since March 28, with more than 1.5 mln shares changing hands, 4.4x the 30-day avg
** Stock down 6.2% since its listing in Feb
($1 = 83.4240 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
BLS International Services Says BLS International FZE To Acquire 99% Shares Of Balozi Liaison Services
June 12 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL FZE HAS ENTERED INTO SHARE TRANSFER AGREEMENT TO ACQUIRE 99% EQUITY SHARES OF BALOZI LIAISON SERVICES
Further company coverage: BLSN.NS
(([email protected];))
June 12 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL FZE HAS ENTERED INTO SHARE TRANSFER AGREEMENT TO ACQUIRE 99% EQUITY SHARES OF BALOZI LIAISON SERVICES
Further company coverage: BLSN.NS
(([email protected];))
Bls International Services Unit In Process To Subscribe 99.93 % Share Capital Of Bls International Peru Sac
May 20 (Reuters) - Bls International Services Ltd BLSN.NS:
CO'S UNIT IS IN PROCESS TO SUBSCRIBE 99.93 % SHARE CAPITAL OF BLS INTERNATIONAL PERU SAC
Further company coverage: BLSN.NS
(([email protected];))
May 20 (Reuters) - Bls International Services Ltd BLSN.NS:
CO'S UNIT IS IN PROCESS TO SUBSCRIBE 99.93 % SHARE CAPITAL OF BLS INTERNATIONAL PERU SAC
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International hits record high on $54 mln deal
** Shares of BLS International Services BLSN.NS up 1.3%
** They climbed 5.4% to hit a record high of 412.9 rupees earlier in the session
** Tech services provider said its UAE-based unit will acquire Turkey-based visa application services provider, iDATA for 4.50 bln rupees ($54 mln) and additional milestones based payments
** Stock has been trading above its 200-day simple moving avg since March 2023
** BLSN on track for seventh consecutive session of gains, if trend holds
** Stock also on track to gain for eighth straight week, if trend holds; longest weekly winning streak since April 2022
** Including day's gains, stock up 23% so far this year
** It gained ~93% in 2023; logging gains for fourth straight year
($1 = 82.9700 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of BLS International Services BLSN.NS up 1.3%
** They climbed 5.4% to hit a record high of 412.9 rupees earlier in the session
** Tech services provider said its UAE-based unit will acquire Turkey-based visa application services provider, iDATA for 4.50 bln rupees ($54 mln) and additional milestones based payments
** Stock has been trading above its 200-day simple moving avg since March 2023
** BLSN on track for seventh consecutive session of gains, if trend holds
** Stock also on track to gain for eighth straight week, if trend holds; longest weekly winning streak since April 2022
** Including day's gains, stock up 23% so far this year
** It gained ~93% in 2023; logging gains for fourth straight year
($1 = 82.9700 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
BLS International Services Says BLS International Fze Entered Into Agreement To Acquire 100% Stake Of Idata
Jan 15 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL FZE ENTERED INTO AGREEMENT TO ACQUIRE 100% STAKE OF IDATA
DEAL FOR AN INITIAL PURCHASE CONSIDERATION OF EURO 50 MILLION AND ADDITIONAL MILESTONES BASED PAYMENTS
Source text for Eikon: ID:nBSE3rZZtj
Further company coverage: BLSN.NS
(([email protected];))
Jan 15 (Reuters) - Bls International Services Ltd BLSN.NS:
BLS INTERNATIONAL FZE ENTERED INTO AGREEMENT TO ACQUIRE 100% STAKE OF IDATA
DEAL FOR AN INITIAL PURCHASE CONSIDERATION OF EURO 50 MILLION AND ADDITIONAL MILESTONES BASED PAYMENTS
Source text for Eikon: ID:nBSE3rZZtj
Further company coverage: BLSN.NS
(([email protected];))
Bls International Services Updates On Proposed IPO Of Bls E-Services
Dec 13 (Reuters) - Bls International Services Ltd BLSN.NS:
UPDATE ON PROPOSED IPO OF BLS E-SERVICES
BLSE HAS RECEIVED FINAL OBSERVATIONS LETTER FROM SEBI
Further company coverage: BLSN.NS
(([email protected];))
Dec 13 (Reuters) - Bls International Services Ltd BLSN.NS:
UPDATE ON PROPOSED IPO OF BLS E-SERVICES
BLSE HAS RECEIVED FINAL OBSERVATIONS LETTER FROM SEBI
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International hits record high on contract win
** Shares of BLS International BLSN.NS up 6.7% to a record 316.15 rupees
** Visa processing services provider said on Monday it got a contract from High Commission of India in Canada for consular, visa, passport services
** It last hit an all-time high in mid-Sept
** Stock on track to rise in third straight session
** More than 11.2 mln shares change hands as of 10:29 a.m. IST, 3.6X the 30-day moving average and third busiest day so far this month
** Stock up 91% YTD, on track for its fourth straight annual climb but smallest yearly climb since 2020
(Reporting by Varun Vyas in Bengaluru)
** Shares of BLS International BLSN.NS up 6.7% to a record 316.15 rupees
** Visa processing services provider said on Monday it got a contract from High Commission of India in Canada for consular, visa, passport services
** It last hit an all-time high in mid-Sept
** Stock on track to rise in third straight session
** More than 11.2 mln shares change hands as of 10:29 a.m. IST, 3.6X the 30-day moving average and third busiest day so far this month
** Stock up 91% YTD, on track for its fourth straight annual climb but smallest yearly climb since 2020
(Reporting by Varun Vyas in Bengaluru)
Bls International Services Wins Contract With High Commission Of India In Canada
Dec 11 (Reuters) - Bls International Services Ltd BLSN.NS:
WINS CONTRACT WITH HIGH COMMISSION OF INDIA IN CANADA
CONTRACT FOR OPERATIONS AT HCI IN OTTAWA AND CONSULATE GENERALS OF INDIA IN TORONTO, VANCOUVER
Further company coverage: BLSN.NS
(([email protected];))
Dec 11 (Reuters) - Bls International Services Ltd BLSN.NS:
WINS CONTRACT WITH HIGH COMMISSION OF INDIA IN CANADA
CONTRACT FOR OPERATIONS AT HCI IN OTTAWA AND CONSULATE GENERALS OF INDIA IN TORONTO, VANCOUVER
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International rises on order win
** Shares of BLS International BLSN.NS up as much as 7.6% to 282.80 rupees, their biggest intraday pct gain since Oct. 27
** Visa processing services provider said it was awarded an order from the State Health Agency, Uttar Pradesh
** Order involves the processing of Ayushman Cards on the National Health Authority's (NHA) IT Platform
** Over 7.2 mln shares change hands, 3.5x the 30-day moving average
** Including day's move, stock up ~70% YTD
(Reporting by Kashish Tandon in Bengaluru)
** Shares of BLS International BLSN.NS up as much as 7.6% to 282.80 rupees, their biggest intraday pct gain since Oct. 27
** Visa processing services provider said it was awarded an order from the State Health Agency, Uttar Pradesh
** Order involves the processing of Ayushman Cards on the National Health Authority's (NHA) IT Platform
** Over 7.2 mln shares change hands, 3.5x the 30-day moving average
** Including day's move, stock up ~70% YTD
(Reporting by Kashish Tandon in Bengaluru)
India's BLS International Services Sept-Quarter Consol Net Profit Rises
Nov 6 (Reuters) - Bls International Services Ltd BLSN.NS:
INDIA'S BLS INTERNATIONAL SERVICES LTD SEPT-QUARTER CONSOL NET PROFIT 787.5 MILLION RUPEES VERSUS PROFIT 503.7 MILLION RUPEES
BLS INTERNATIONAL SERVICES LTD SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 4.08 BILLION RUPEES VERSUS 3.57 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BLSN.NS
(([email protected];))
Nov 6 (Reuters) - Bls International Services Ltd BLSN.NS:
INDIA'S BLS INTERNATIONAL SERVICES LTD SEPT-QUARTER CONSOL NET PROFIT 787.5 MILLION RUPEES VERSUS PROFIT 503.7 MILLION RUPEES
BLS INTERNATIONAL SERVICES LTD SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 4.08 BILLION RUPEES VERSUS 3.57 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BLSN.NS
(([email protected];))
Bls International Services Enters Into A Master Business Correspondent Agreement With Kotak Mahindra Bank
Oct 18 (Reuters) - Bls International Services Ltd BLSN.NS:
ENTERED INTO A MASTER BUSINESS CORRESPONDENT AGREEMENT WITH KOTAK MAHINDRA BANK
AGREEMENT SIGNED FOR AN INITIAL PERIOD OF 3 YEARS, WITH POSSIBILITY OF EXTENSION FOR AN ADDITIONAL YEAR
Source text for Eikon: ID:nBSE9fWghW
Further company coverage: BLSN.NS
(([email protected];))
Oct 18 (Reuters) - Bls International Services Ltd BLSN.NS:
ENTERED INTO A MASTER BUSINESS CORRESPONDENT AGREEMENT WITH KOTAK MAHINDRA BANK
AGREEMENT SIGNED FOR AN INITIAL PERIOD OF 3 YEARS, WITH POSSIBILITY OF EXTENSION FOR AN ADDITIONAL YEAR
Source text for Eikon: ID:nBSE9fWghW
Further company coverage: BLSN.NS
(([email protected];))
BLS International Services Wins Another Schengen Global Visa Outsourcing Contract For Slovakia
Oct 16 (Reuters) - Bls International Services Ltd BLSN.NS:
WINS ANOTHER SCHENGEN GLOBAL VISA OUTSOURCING CONTRACT FOR SLOVAKIA
SIGNED AN EXCLUSIVE GLOBAL VISA OUTSOURCING CONTRACT FOR SLOVAKIA IN 18 COUNTRIES WITH MORE THAN 54 OFFICES
Source text for Eikon: ID:nBSEbnsl3T
Further company coverage: BLSN.NS
(([email protected];))
Oct 16 (Reuters) - Bls International Services Ltd BLSN.NS:
WINS ANOTHER SCHENGEN GLOBAL VISA OUTSOURCING CONTRACT FOR SLOVAKIA
SIGNED AN EXCLUSIVE GLOBAL VISA OUTSOURCING CONTRACT FOR SLOVAKIA IN 18 COUNTRIES WITH MORE THAN 54 OFFICES
Source text for Eikon: ID:nBSEbnsl3T
Further company coverage: BLSN.NS
(([email protected];))
UPDATE 5-India stops new visas for Canadians, asks Ottawa to downsize missions as spat worsens
India cites security threats in suspending new visas
Asks Canada to downsize diplomatic presence
Canada says evidence India involved in murder of Sikh separatist
New Delhi says Canada has not shared information on murder
India says has informed some P5 nations about its position
Edits, Adds context in paragraph 20
By Krishn Kaushik, Rupam Jain and YP Rajesh
NEW DELHI, Sept 22 (Reuters) - India on Thursday suspended new visas for Canadians and asked Ottawa to reduce its diplomatic presence in the country, sharply escalating a spat triggered by Prime Minister Justin Trudeau's accusations linking New Delhi to a Sikh separatist's murder.
India was willing to look into specific information in connection with the accusations, its foreign ministry said, adding that Canada has not shared anything so far.
A blanket suspension of new visas by India for a Western country is unheard of and marks the lowest point of India-Canada relations.
The announcement came hours after Canada's high commission in India said it would temporarily "adjust" staff presence in the country after some diplomats received threats on social media platforms. The mission did not specify the nature of the threats, and India has said it would provide "all security and all support" to foreign diplomats.
Indian foreign ministry spokesperson Arindam Bagchi said India suspended issuing new visas to Canadian citizens due to "security threats" to its staff in its consulates in Canada.
India did not give details of the nature of these security threats, and Canada's public safety minister Dominic LeBlanc said in response that Canada was a safe country.
"Accordingly our high commission and consulates are temporarily unable to process visa applications," he told reporters at a weekly briefing on Thursday, adding that the security situation would be reviewed regularly.
Canada is the fourth largest source of foreign tourists with 350,000 visitors in 2019, a number which fell following the COVID-19 pandemic, according to Indian government data.
'RISK TO REPUTATION'
The unprecedented tensions flared up on Monday after Trudeau said Ottawa was investigating "credible allegations" about the potential involvement of Indian government agents in the June murder of Hardeep Singh Nijjar in British Columbia.
Prime Minister Narendra Modi's government denied any links to the alleged murder.
Canadian officials have so far declined to say why they believe India could be linked to Nijjar's murder.
The two countries, whose relations have been fraying in recent years over the issue of Sikh separatists, have since announced tit-for-tat expulsions of senior diplomats and issued tit-for-tat travel advisories.
Bagchi said India was "willing to look at any specific information, we have conveyed this to the Canadian side, made it clear to them...but so far, we have not received any such specific information".
Canada has discussed the issue with key allies such as the Five Eyes intelligence sharing alliance, which includes the United States, Britain, Australia and New Zealand, with Washington, London and Canberra expressing concern.
Asked if any of these countries, with whom India also enjoys close ties, had raised the issue with New Delhi, Bagchi said: "We have been discussing with them, we have conveyed our position how we see these developments."
Bagchi also said Canada should be worried about damage to its reputation and not India, when asked about the risk posed by the row to New Delhi's global standing.
"If there is any country that needs to look at it, it is Canada, its growing reputation as a safe haven for terrorists, extremists and for organised crime," he said, adding that India had in vain sought action against more than 20 individuals.
India has not provided any details of acts of terrorism carried out by Sikh separatists against its interests in Canada.
THREAT TO TRADE TIES
Canada has the largest population of Sikhs outside the northern Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.
A bloody Sikh insurgency in the 1980s and 1990s in Punjab killed tens of thousands of people before it was suppressed. The separatists wanted the creation of an independent Sikh state called Khalistan.
Although there is hardly any support for the insurgency left in India, small groups of Sikhs in Australia, Britain, Canada and the United States support the separatist demand and occasionally stage protests outside Indian embassies.
New Delhi, which remains wary of any revival of the insurgency, has long been unhappy over Sikh separatist activity in Canada.
The spat is also threatening trade ties, with talks on a proposed trade deal frozen last week.
Canada is India's 17th largest foreign investor, while Canadian portfolio investors have put billions of dollars in Indian financial markets.
Since 2018, India has been the largest source of international students in Canada, with their numbers rising 47% in 2022 to nearly 320,000.
Industry estimates show the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India could boost two-way trade by as much as $6.5 billion.
ANALYSIS-India's growing importance leaves Canada isolated in row over murder nL8N3AW6EM
(Additional reporting by Sakshi Dayal and Shivam Patel; Writing by YP Rajesh; Editing by Alex Richardson and Miral Fahmy)
(([email protected]; X: @YPRajesh))
India cites security threats in suspending new visas
Asks Canada to downsize diplomatic presence
Canada says evidence India involved in murder of Sikh separatist
New Delhi says Canada has not shared information on murder
India says has informed some P5 nations about its position
Edits, Adds context in paragraph 20
By Krishn Kaushik, Rupam Jain and YP Rajesh
NEW DELHI, Sept 22 (Reuters) - India on Thursday suspended new visas for Canadians and asked Ottawa to reduce its diplomatic presence in the country, sharply escalating a spat triggered by Prime Minister Justin Trudeau's accusations linking New Delhi to a Sikh separatist's murder.
India was willing to look into specific information in connection with the accusations, its foreign ministry said, adding that Canada has not shared anything so far.
A blanket suspension of new visas by India for a Western country is unheard of and marks the lowest point of India-Canada relations.
The announcement came hours after Canada's high commission in India said it would temporarily "adjust" staff presence in the country after some diplomats received threats on social media platforms. The mission did not specify the nature of the threats, and India has said it would provide "all security and all support" to foreign diplomats.
Indian foreign ministry spokesperson Arindam Bagchi said India suspended issuing new visas to Canadian citizens due to "security threats" to its staff in its consulates in Canada.
India did not give details of the nature of these security threats, and Canada's public safety minister Dominic LeBlanc said in response that Canada was a safe country.
"Accordingly our high commission and consulates are temporarily unable to process visa applications," he told reporters at a weekly briefing on Thursday, adding that the security situation would be reviewed regularly.
Canada is the fourth largest source of foreign tourists with 350,000 visitors in 2019, a number which fell following the COVID-19 pandemic, according to Indian government data.
'RISK TO REPUTATION'
The unprecedented tensions flared up on Monday after Trudeau said Ottawa was investigating "credible allegations" about the potential involvement of Indian government agents in the June murder of Hardeep Singh Nijjar in British Columbia.
Prime Minister Narendra Modi's government denied any links to the alleged murder.
Canadian officials have so far declined to say why they believe India could be linked to Nijjar's murder.
The two countries, whose relations have been fraying in recent years over the issue of Sikh separatists, have since announced tit-for-tat expulsions of senior diplomats and issued tit-for-tat travel advisories.
Bagchi said India was "willing to look at any specific information, we have conveyed this to the Canadian side, made it clear to them...but so far, we have not received any such specific information".
Canada has discussed the issue with key allies such as the Five Eyes intelligence sharing alliance, which includes the United States, Britain, Australia and New Zealand, with Washington, London and Canberra expressing concern.
Asked if any of these countries, with whom India also enjoys close ties, had raised the issue with New Delhi, Bagchi said: "We have been discussing with them, we have conveyed our position how we see these developments."
Bagchi also said Canada should be worried about damage to its reputation and not India, when asked about the risk posed by the row to New Delhi's global standing.
"If there is any country that needs to look at it, it is Canada, its growing reputation as a safe haven for terrorists, extremists and for organised crime," he said, adding that India had in vain sought action against more than 20 individuals.
India has not provided any details of acts of terrorism carried out by Sikh separatists against its interests in Canada.
THREAT TO TRADE TIES
Canada has the largest population of Sikhs outside the northern Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.
A bloody Sikh insurgency in the 1980s and 1990s in Punjab killed tens of thousands of people before it was suppressed. The separatists wanted the creation of an independent Sikh state called Khalistan.
Although there is hardly any support for the insurgency left in India, small groups of Sikhs in Australia, Britain, Canada and the United States support the separatist demand and occasionally stage protests outside Indian embassies.
New Delhi, which remains wary of any revival of the insurgency, has long been unhappy over Sikh separatist activity in Canada.
The spat is also threatening trade ties, with talks on a proposed trade deal frozen last week.
Canada is India's 17th largest foreign investor, while Canadian portfolio investors have put billions of dollars in Indian financial markets.
Since 2018, India has been the largest source of international students in Canada, with their numbers rising 47% in 2022 to nearly 320,000.
Industry estimates show the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India could boost two-way trade by as much as $6.5 billion.
ANALYSIS-India's growing importance leaves Canada isolated in row over murder nL8N3AW6EM
(Additional reporting by Sakshi Dayal and Shivam Patel; Writing by YP Rajesh; Editing by Alex Richardson and Miral Fahmy)
(([email protected]; X: @YPRajesh))
India's BLS International down after co suspends visa services in Canada
** Shares of BLS International Services BLSN.NS down as much as 3.4% to 260.8 rupees; hits lowest level since Aug. 21
** Stock on track for fourth consecutive session of losses, if trends hold
** Company suspends Indian visa services in Canada with immediate effect, citing "operational reasons"
** BLSN says impact of suspension is negligible on its financials as the Canadian visa issuance business contributes less than 2% to co's total annual revenue
** More than 1.5 mln shares traded by 2:56 p.m. IST, 0.5x the 30-day avg
** Stock currently down 2.7%, trimming YTD gains to 58.9%
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of BLS International Services BLSN.NS down as much as 3.4% to 260.8 rupees; hits lowest level since Aug. 21
** Stock on track for fourth consecutive session of losses, if trends hold
** Company suspends Indian visa services in Canada with immediate effect, citing "operational reasons"
** BLSN says impact of suspension is negligible on its financials as the Canadian visa issuance business contributes less than 2% to co's total annual revenue
** More than 1.5 mln shares traded by 2:56 p.m. IST, 0.5x the 30-day avg
** Stock currently down 2.7%, trimming YTD gains to 58.9%
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Bls International Services Says Unit Bls International FZE Is In Process To Subscribe 100% Share Capital Of Bls International Travel & Tourism
Aug 21 (Reuters) - Bls International Services Ltd BLSN.NS:
UNIT BLS INTERNATIONAL FZE IS IN PROCESS TO SUBSCRIBE 100% SHARE CAPITAL OF BLS INTERNATIONAL TRAVEL & TOURISM
Source text for Eikon: [ID:]
Further company coverage: BLSN.NS
(([email protected];))
Aug 21 (Reuters) - Bls International Services Ltd BLSN.NS:
UNIT BLS INTERNATIONAL FZE IS IN PROCESS TO SUBSCRIBE 100% SHARE CAPITAL OF BLS INTERNATIONAL TRAVEL & TOURISM
Source text for Eikon: [ID:]
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International Services Ltd June-Quarter Consol Net Profit Rises
Aug 9 (Reuters) - Bls International Services Ltd BLSN.NS:
INDIA'S BLS INTERNATIONAL SERVICES LTD JUNE-QUARTER CONSOL NET PROFIT 689.1 MILLION RUPEES VERSUS PROFIT 304.7 MILLION RUPEES
BLS INTERNATIONAL SERVICES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.83 BILLION RUPEES VERSUS 2.73 BILLION RUPEES
Source text for Eikon: ID:nNSE7YDwg1
Further company coverage: BLSN.NS
(([email protected];))
Aug 9 (Reuters) - Bls International Services Ltd BLSN.NS:
INDIA'S BLS INTERNATIONAL SERVICES LTD JUNE-QUARTER CONSOL NET PROFIT 689.1 MILLION RUPEES VERSUS PROFIT 304.7 MILLION RUPEES
BLS INTERNATIONAL SERVICES LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.83 BILLION RUPEES VERSUS 2.73 BILLION RUPEES
Source text for Eikon: ID:nNSE7YDwg1
Further company coverage: BLSN.NS
(([email protected];))
Bls International Services Says Integrates Unit Bls E-Services With Umang Services Into Its Digital Platform
July 18 (Reuters) - Bls International Services Ltd BLSN.NS:
INTEGRATES UNIT BLS E-SERVICES WITH UMANG SERVICES INTO ITS DIGITAL PLATFORM
Source text for Eikon: ID:nBSE6JGMwx
Further company coverage: BLSN.NS
(([email protected];))
July 18 (Reuters) - Bls International Services Ltd BLSN.NS:
INTEGRATES UNIT BLS E-SERVICES WITH UMANG SERVICES INTO ITS DIGITAL PLATFORM
Source text for Eikon: ID:nBSE6JGMwx
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International rises on unit's fundraising plans via IPO
** Shares of visa processing firm BLS International Services BLSN.NS rise as much as 4.8% to 203 rupees - largest intraday pct climb since June 14
** Co said on Monday its unit BLS E-Services approved fund raising through an initial public offering (IPO)
** The size of the offer, price and other details of the proposed IPO will be determined in due course - BLSN
** Almost 898,000 shares change hands as of 9:28am IST, 0.2X the 30-day moving average
** Stock up 17.2% this year as of last close
(Reporting by Varun Vyas in Bengaluru)
** Shares of visa processing firm BLS International Services BLSN.NS rise as much as 4.8% to 203 rupees - largest intraday pct climb since June 14
** Co said on Monday its unit BLS E-Services approved fund raising through an initial public offering (IPO)
** The size of the offer, price and other details of the proposed IPO will be determined in due course - BLSN
** Almost 898,000 shares change hands as of 9:28am IST, 0.2X the 30-day moving average
** Stock up 17.2% this year as of last close
(Reporting by Varun Vyas in Bengaluru)
BLS International Services Approves Fund Raising For Unit
June 26 (Reuters) - Bls International Services Ltd BLSN.NS:
APPROVED FUND RAISING
APPROVED FUND RAISINGBY WAY OF AN INITIAL PUBLIC OFFERING
APPROVED FUND RAISING FOR UNIT BLS E-SERVICES LIMITED
Source text for Eikon: ID:nBSE7ZghXl
Further company coverage: BLSN.NS
(([email protected];;))
June 26 (Reuters) - Bls International Services Ltd BLSN.NS:
APPROVED FUND RAISING
APPROVED FUND RAISINGBY WAY OF AN INITIAL PUBLIC OFFERING
APPROVED FUND RAISING FOR UNIT BLS E-SERVICES LIMITED
Source text for Eikon: ID:nBSE7ZghXl
Further company coverage: BLSN.NS
(([email protected];;))
BLS International Services Signs Visa Outsourcing Contract With Spanish Government For Another Term
May 22 (Reuters) - Bls International Services Ltd BLSN.NS:
SIGNS VISA OUTSOURCING CONTRACT WITH SPANISH GOVERNMENT FOR ANOTHER TERM
Source text for Eikon: ID:nBSE2Mrj2V
Further company coverage: BLSN.NS
(([email protected];))
May 22 (Reuters) - Bls International Services Ltd BLSN.NS:
SIGNS VISA OUTSOURCING CONTRACT WITH SPANISH GOVERNMENT FOR ANOTHER TERM
Source text for Eikon: ID:nBSE2Mrj2V
Further company coverage: BLSN.NS
(([email protected];))
India's BLS International loses nearly 7% on multiple block deals
** Shares of BLS International Services Ltd BLSN.NS slide as much as 6.95% to 174.80 rupees; steepest intraday pct fall in five months,
** Decline comes after 14.44 mln shares change hands in six blocks, as of 12:20 p.m. IST, at a price range between 176.85 rupees and 180.90 rupees - Refinitiv data
** Stock most active in seven months, with a trading volume of 22.54 mln shares as of 12:20 p.m. IST, 6.4 times the 30-day avg
** The moving average convergence divergence (MACD) line reverses below signal line, signalling near-term bearish momentum for the stock
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of BLS International Services Ltd BLSN.NS slide as much as 6.95% to 174.80 rupees; steepest intraday pct fall in five months,
** Decline comes after 14.44 mln shares change hands in six blocks, as of 12:20 p.m. IST, at a price range between 176.85 rupees and 180.90 rupees - Refinitiv data
** Stock most active in seven months, with a trading volume of 22.54 mln shares as of 12:20 p.m. IST, 6.4 times the 30-day avg
** The moving average convergence divergence (MACD) line reverses below signal line, signalling near-term bearish momentum for the stock
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
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What does BLS Internatl.Serv do?
BLS International Services Limited is a global leader in visa, passport, consular, and citizen services, providing outsourcing solutions for Diplomatic Missions and administrative functions like attestation and apostille.
Who are the competitors of BLS Internatl.Serv?
BLS Internatl.Serv major competitors are Landmark Immigration. Market Cap of BLS Internatl.Serv is ₹15,306 Crs. While the median market cap of its peers are ₹128 Crs.
Is BLS Internatl.Serv financially stable compared to its competitors?
BLS Internatl.Serv seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does BLS Internatl.Serv pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. BLS Internatl.Serv latest dividend payout ratio is 13.16% and 3yr average dividend payout ratio is 13.34%
How has BLS Internatl.Serv allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is BLS Internatl.Serv balance sheet?
Balance sheet of BLS Internatl.Serv is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of BLS Internatl.Serv improving?
Yes, profit is increasing. The profit of BLS Internatl.Serv is ₹480 Crs for TTM, ₹313 Crs for Mar 2024 and ₹201 Crs for Mar 2023.
Is the debt of BLS Internatl.Serv increasing or decreasing?
Yes, The debt of BLS Internatl.Serv is increasing. Latest debt of BLS Internatl.Serv is -₹757.14 Crs as of Sep-24. This is greater than Mar-24 when it was -₹1,919.15 Crs.
Is BLS Internatl.Serv stock expensive?
BLS Internatl.Serv is not expensive. Latest PE of BLS Internatl.Serv is 33.73, while 3 year average PE is 38.52. Also latest EV/EBITDA of BLS Internatl.Serv is 26.67 while 3yr average is 32.28.
Has the share price of BLS Internatl.Serv grown faster than its competition?
BLS Internatl.Serv has given better returns compared to its competitors. BLS Internatl.Serv has grown at ~31.92% over the last 8yrs while peers have grown at a median rate of 0%
Is the promoter bullish about BLS Internatl.Serv?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in BLS Internatl.Serv is 70.38% and last quarter promoter holding is 70.38%.
Are mutual funds buying/selling BLS Internatl.Serv?
The mutual fund holding of BLS Internatl.Serv is increasing. The current mutual fund holding in BLS Internatl.Serv is 0.85% while previous quarter holding is 0.76%.