FITE petitions Labour Commissioner over Tech Mahindra layoff
FITE has requested the Maharashtra Labour Commissioner to order Tech Mahindra to stop illegal removals of IT employees immediately, and establish conciliation between the management and staff.
May 31, 2017, 13:12 PM IST
Layoffs rile India's flagship IT sector, tough times likely to continue
IT outsourcing has long been one of India`s flagship industries but experts say automation, a failure to keep up with new technologies and US President Donald Trump`s clampdown on visas is creating industry-wide upheaval.
May 31, 2017, 11:48 AM IST
Tech Mahindra Q4 net profit drops 31% to Rs 588 crore
IT company Tech Mahindra on Friday reported a 31 percent decline in its consolidated net profit to Rs 588 crore for the three months to March 2017.
May 26, 2017, 19:03 PM IST
Layoffs in Indian IT may continue for 1-2 years: Experts
As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts.
May 14, 2017, 12:27 PM IST
No mass layoffs; workforce realignment happens every year: Nasscom
Stating that the reports of mass layoffs were incorrect, it said workforce realignment, linked to performance appraisal processes, is a regular feature every year.
May 12, 2017, 22:17 PM IST
After Infosys and Wipro, now Tech Mahindra looks to lay off hundreds on 'performance' ground
After Infosys and Wipro, it's now IT firm Tech Mahindra that could hand out pink slips to hundreds of employees as it looks to "weed out bottom performers".
May 10, 2017, 23:57 PM IST
Tech Mahindra to market Huawei enterprise products globally
Under this partnership, Tech Mahindra would take Huawei`s enterprise products and services and build solutions around various platforms and solutions of Tech Mahindra.
Mar 17, 2017, 15:57 PM IST
NSDL hopes to launch payments bank by May
NSDL on Wednesday said it has applied to the Reserve Bank for the final licence for its payments bank and is aiming to launch the entity by May.
Mar 15, 2017, 18:28 PM IST
Trump effect: Tech Mahindra suspends appraisal cycle for senior employees
The Indian IT industry facing headwinds of uncertainty triggered by H1B visa issues and rising costs appears to have started showing visible signs.
Feb 06, 2017, 13:19 PM IST
Indian IT stocks slump over proposed H-1B visa reform bill
Indian IT stocks tumbled during the mid-afternoon trade session on Tuesday as the US government introduced a proposed visa reform bill in the US House of Representatives.
Jan 31, 2017, 17:08 PM IST
TCS top Indian IT employer; Infosys, Cognizant and Wipro next
According to the National Association of Software and Services Companies` (Nasscom) annual rankings of top IT-BPM (business process management) employers in the country for 2016, TCS heads the Indian IT industry, with 362,079 employees.
Jul 25, 2016, 14:22 PM IST
Top 10 stocks to be on radar post Brexit
Here are 10 stocks which should be carefully monitored post Brexit.
Jun 25, 2016, 20:21 PM IST
Tech Mahindra becomes 3rd entity to quit payments bank plan; cites margin concerns
Tech Mahindra is the third applicant to abandon the plan to set up payments bank after Cholamandalam which quit last month and Dilip Shanghvi-IDFC Bank-Telenor combine last Friday.
May 24, 2016, 21:14 PM IST
Tech Mahindra net soars 90% to Rs 897-crore on margin surge, forex gains
Fifth largest software exporter Tech Mahindra today reported a 90 percent jump in post-tax profit for the three months to March at Rs 897 crore on wider margins from an expanded revenue base, forex gains and lower tax payout.
May 24, 2016, 20:07 PM IST
TechM unveils MoboMoney to cash in on digital payments market
IT major Tech Mahindra on Wednesday launched a new service 'MoboMoney' to cash in on the burgeoning digital payments ecosystem in India.
Dec 23, 2015, 18:32 PM IST
Mahindra group to acquire Italian design firm Pininfarina
Mahindra group Monday announced it will acquire Italian automotive and industrial design firm Pininfarina for an overall outgo of over 50 million Euros (nearly Rs 370 crore) after months of negotiations.
Dec 14, 2015, 23:33 PM IST
Tech Mahindra posts 9% increase in Sept quarter profit
Country's fifth largest software firm Tech Mahindra Tuesday reported 9.2 percent increase in its September quarter profit at Rs 786 crore, helped by volume growth and margin expansion.
Nov 03, 2015, 22:26 PM IST
Aircel picks Tech Mahindra for IoT services in India
No financial details were disclosed.
Oct 08, 2015, 19:12 PM IST
TCS, Wipro, Infosys and others form consortium to penetrate Chinese market
In a significant initiative to break into the highly-regulated Chinese market, five top Indian IT firms have for the first time formed a consortium to work on big-ticket projects planned by China's southwest Guizhou province, which includes a major cloud-based data centre.
Sep 30, 2015, 23:49 PM IST
Will use 'click & brick' model for payments bank: Mahindra
Tech Mahindra was among the 11 entities successful applicants that received the Reserve Bank's nod to set up payment banks as part of financial inclusion drive.
Aug 20, 2015, 21:08 PM IST
