Tech Mahindra gets forex push, net up 7% at Rs 676 crore
The fifth-largest software exporter Tech Mahindra on Monday reported a 7.2 percent growth in June quarter net profit at Rs 676 crore, helped by forex gains flowing from depreciation of the rupee.
Jul 27, 2015, 20:16 PM IST
Tech Mahindra sees weak revenue, earnings in Apr-Jun quarter
IT firm Tech Mahindra on Monday warned of weak revenue and earnings in the April-June quarter due to higher visa costs and other headwinds, dragging the company shares by over 9 percent.
Jun 29, 2015, 16:04 PM IST
Tech Mahindra shares hit over one-year low on Q1 warning
Shares of Tech Mahindra Ltd dropped almost 7 percent to a more than one-year low on Monday after the IT firm warned of a weak first quarter, partly due to higher U.S. visa sponsorship costs for its employees.
Jun 29, 2015, 13:53 PM IST
'Make in India - a jugalbandi of IT and manufacturing skills'
Anand Mahindra, one of India's most well-known entrepreneurs, has defined his vision for the ambitious 'Make in India' initiative as a "jugalbandi" between the country's IT and manufacturing prowess.
Jun 21, 2015, 15:58 PM IST
India IT behemoths revamp culture to attract young talent, battle start-ups
Those young set-ups say they go beyond cookie-cutter solutions and argue that they do the job more quickly and for less.
Jun 18, 2015, 08:50 AM IST
Nifty continues to decline for 3rd day; ends 5 points down
The CNX Nifty continued to decline for the 3rd day on Wednesday, slipping by another 4.75 points, to close at 8,334.60 on selling pressure following disappointing results by Tata Motors & Tech Mahindra.
May 27, 2015, 18:24 PM IST
Tech Mahindra Q4 net profit dips 23% to Rs 472 cr
The company had a debt at Rs 700 crore as of March 31, while cash and cash equivalent stood at Rs 3,212 crore.
May 26, 2015, 16:57 PM IST
SC grants relief to Tech Mahindra in ED case
In a breather to Tech Mahindra, the Supreme Court Monday restrained for four months a trial court in Andhra Pradesh from framing charges against the IT services company in connection with Enforcement Directorate's proceedings in the Satyam accounting fraud case.
May 11, 2015, 18:59 PM IST
ICICI launches NFC-enabled payment service 'Tap-n-Pay'
It can be used for merchant payments by merely tapping a NFC-enabled mobile phone or a tag on the counter.
Apr 20, 2015, 16:09 PM IST
Tech Mahindra inks $150-200 mn deal with Comverse
Tech Mahindra has inked a USD 150-200 million deal with telecom solutions provider Comverse, a move that will help the country's fifth largest software services firm beef up its operations in Israel.
Apr 15, 2015, 18:31 PM IST
Tech Mahindra teams up with Comverse, to take on Israeli engineers
Information technology group Tech Mahindra is partnering with US-Israeli Comverse Inc to set up a research and development centre in Israel.
Apr 15, 2015, 15:56 PM IST
HCL Tech, Tech Mahindra shares fall on turning ex-bonus
Scrip of HCL Technologies fell 2.49 percent to Rs 978.95 on the BSE today. On the NSE, it was down over 2.67 percent to Rs 976.50.
Mar 19, 2015, 19:05 PM IST
Wipro, HCL in race for Sebi's fraud detection system upgrade
As markets watchdog Sebi plans a capacity augmentation of its fraud detection system, IT majors, including Wipro, HCL, Tech Mahindra and L&T Infotech, have evinced interest in bagging the contract.
Mar 19, 2015, 13:13 PM IST
Payment bank: Mahindra Finance in talks with IFC for JV
Tech Mahindra on Wednesday said its sister company Mahindra Finance will become equal shareholder if the Reserve Bank clears its payment bank licence, and the company is also in talks with the World Bank Group member IFC for a partnership in the foray.
Feb 11, 2015, 19:17 PM IST
Dept of Post, Mahindras, Videocon join banking race
Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Feb 04, 2015, 20:47 PM IST
Tech Mahindra net down 20% to Rs 805 crore on currency loss, wage hikes
Tech Mahindra on Friday reported a 20.25 percent drop in its December quarter net at Rs 805.3 crore due to currency losses and wage hikes.
Jan 30, 2015, 17:40 PM IST
Tech Mahindra eyes diversified global workforce
Committed to a diversified global workforce, IT major Tech Mahindra chief C P Gurnani has said employees in the IT industry will have to continuously re-skill themselves as 10-15 percent technology jobs will become obsolete every year.
Jan 25, 2015, 14:48 PM IST
India story strong, states need to do their bit: Gurnani
Impressed with the euphoria about India here at WEF summit, IT industry leader C P Gurnani on Saturday said a lot will depend on the individual states to ensure that this upbeat interest among foreign investors translates into real investment flows.
Jan 24, 2015, 16:10 PM IST
Mood extraordinarily upbeat about India: Tech Mahindra CEO
With Indian government making efforts to attract investments and improve ease of doing business, the mood is "extraordinarily upbeat" about India among global CEOs and top leaders at the World Economic Forum, says Tech Mahindra chief C P Gurnani.
Jan 23, 2015, 22:59 PM IST
Tech Mahindra to acquire Swiss firm SOFGEN Holdings
The company, however, did not disclose the value of transcation.
Jan 09, 2015, 17:48 PM IST
