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Ebix expands tele-shopping contract & more macro data +3

10:59 01-Jul-21


EbixCash has expanded its relationship with Naaptol, India's leading tele-shopping network to also handle its Customer Care Operations.  No projections are provided, but I see this as valuable given the continuing pandemic problems in India, and much of the developing world.  Until there is widespread vaccination everywhere, global recovery will remain sluggish as indicated by the slow rate of improvement in today's weekly American unemployment claims even as the Prices Index in the latest ISM report came in at its highest level since 1979.  I doubt the Fed will ignore that.  In this environment, EbixCash should also be helped by EU acceptance of its vaccines for travelers.