Breaking News
1. Congress in Kerala scrambles to stay clear of Shashi Tharoor’s controversial article on Emergency      2. Air India plane crash probe panel denies filing initial report, says findings to be made public by July 12      3. UK or France? Cabinet waits for DRDO on combat aircraft engine      4. Axiom-4 mission : Group Captain Shubhanshu Shukla’s stay in ISS extended, NASA says crew to undock on July 14      5. Continue, consider inclusion of Aadhaar, voter ID, ration cards: SC to EC on Bihar roll revision      6. Trump puts 35% tariff on Canada from August 1, eyes 15%-20% tariffs for others      7. Supreme Court Bench headed by Justice Dhulia to hear Bihar electoral roll revision case on July 10      8. Stock Market News, July 9, 2025: Trump Says 50% Tariff on Brazil Coming; Nasdaq Rises to Record      9. 11 killed as vehicles plunge into river after Gambhira bridge collapse in Vadodara      10. Seeking ties, not competition with Africa: PM Modi in Namibia      11. Delhi Tremors As 4.4 Earthquake Hits Haryana, Many Say 'Longest In Life'      12. Donald Trump slaps fresh tariffs on 14 nations, 40% on Myanmar and Laos      13. Explosive for Pulwama attack bought via e-commerce platform: Global terror watchdog      14. PM Modi conferred with Brazil's highest civilian award, says ‘moment of immense pride and emotion’      15. Bharat Bandh on 9 July 2025: Over 25 crore workers to go on strike — Are banks, schools, colleges open today?      16. As Trump warns BRICS, China, Russia say group doesn’t target anyone      17. Bharat Bandh: Over 25 crore workers expected to participate, public services likely to be hit on Wednesday      18. Netanyahu nominates Trump for Nobel Peace Prize      19. "Close To Making Deal With India": Trump As He Slaps Tariffs On 14 Countries      20. India will give a ‘new form’ to BRICS grouping in 2026: PM Modi     

BLS International Secures Schengen Visa Contract for Slovakia, Stocks Surge 6%

  • Posted on October 16, 2023
  • Business
  • By Arijit Dutta
  • 642 Views

BLS International, a leading outsourcing company, has clinched a significant Schengen visa outsourcing contract for Slovakia. As a result, the company's stock has witnessed a remarkable 6% increase in value.

BLS International Secures Schengen Visa Contract for Slovakia, Stocks Surge 6% Image Source -www.facebook.com

BLS International, a leading outsourcing company, has clinched a significant Schengen visa outsourcing contract for Slovakia. As a result, the company's stock has witnessed a remarkable 6% increase in value.

Under this new contract, BLS International will have the vital role of providing various visa services, including tourist, business, and national visas. The primary objective is to streamline and enhance the travel and immigration processes for visitors to Slovakia. According to industry statistics, 2.64 million tourists visited Slovakia in 2021, and this number is projected to rise, following prevailing travel trends.

Shikhar Aggarwal, the joint managing director of BLS International, expressed the company's commitment to aligning with core Schengen principles and elevating the visa application experience. He emphasized their dedication to setting new industry standards through innovative and customer-centric solutions.

With Slovakia emerging as an increasingly attractive tourism destination, the growth of the travel industry is expected to benefit significantly, and BLS International aims to contribute to this growth.

It's worth noting that BLS International specializes in outsourcing services for diplomatic missions and governments. In a recent announcement, the company temporarily suspended its Indian visa services in Canada, citing "operational reasons." After briefly removing the message from their website, they attributed the back-and-forth to a "technical glitch."

Also Read; Julius Baer Forecasts China Market Surge Amidst Global Risk-Off Environment

However, BLS International reassured that the suspension of services in Canada would have a minimal impact on its financials. In the previous fiscal year, Canadian visa issuance contributed to less than 2% of the company's annual revenue.

The positive news has significantly impacted BLS International's stock, which is currently trading 6.4% higher at Rs 266.20. Year-to-date, the stock has appreciated by 55%, approaching its record high of Rs 302.

This development marks a substantial step forward for BLS International and is set to have a substantial impact on the travel industry and visa services in Slovakia.

Author
No Image
Author
Arijit Dutta

You May Also Like