Page 5 - Tech Mahindra

IT index slips 4% in 2 days on profit booking following a strong 10% rally

The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.

Tech Mahindra acquires 100% stake in Allyis India and Green Investments

The company, in a BSE filing, said that the $125 mn acquisition will bolster Tech Mahindra's capabilities in digital experience solutions.

Tech Mahindra to acquire 100% stake in Allyis India, Green Investments

Tech Mahindra said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million.

BSE IT index at an all-time high, up 10% in Dec on hopes of strong Q3 show

IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far

TMS Ep73: Hospitality sector, CP Gurnani, RBL Bank, Vaccine IP waiver

Will Omicron affect the recovery of the hospitality sector? What's CP Gurnani's plan for TechM? Should you be caution about RBL Bank stock? What's hindering Covid-vaccine IP waiver? All answers here

CP Gurnani's plan for Tech Mahindra amid Covid-19 uncertainty

In an interview with Business Standard's Surajeet Das Gupta, Tech Mahindra's CEO and Managing Director CP Gurnani shared his company's plans for growth amid the ongoing uncertainty caused by Covid-19

Tech Mahindra gains 4% to hit new all-time high; zooms 84% thus far in 2021

In the past one week, the stock rallied 12 per cent when compared with a 2.8 per cent rise in the S&P BSE Sensex

We will try to be among top 3 IT services firms: Tech Mahindra's CP Gurnani

"There is definitely a skill war, or a talent war going on," said Gurnani

Tech Mahindra supports transformation of Telefónica's microwave network

Telefnica is working to standardise its management interface by collaborating with multiple vendors and partners

IT shares in demand led by Infosys, as Accenture ups FY22 outlook by 700bps

Accenture reported strong revenue in Q1FY22 and upgraded its annual guidance by a massive 700bps as it continues to gain from demand for Cloud transformation.

Comviva to hire 600 engineers by July 2022, eyes 10-12% business growth

Tech Mahindra group firm Comviva plans to hire around 600 engineers by July 2022, to meet growth requirements and to offset the impact of attrition, a top official of the company said. The company is now focussing on tier 2 cities and is now expanding the Bhubaneswar center, which was opened 3 years back, as part of its new strategy, Comviva CEO Manoranjan Mohapatra told PTI in an interview. "We are a team of about 2,000 members. We are talking about adding 600 people on a yearly basis. About 300 would be campus freshers and another 200-300 would be market hires," he said. The company has seen attrition rates rising to around 20-23 per cent in the last few quarters, from 15-16 per cent in the past. Mohapatra said the company plans to finish hiring around 600 people by July 2022, and continue to hire further to scale up the team in Bhubaneswar. "We are right now less than 20 people in Bhubaneswar but this year plans are getting finalized. We have initiated the hiring and expect it

Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect

The acquisition will bolster Tech Mahindra's capabilities in emerging workplace solutions and strengthen the end-to-end CX portfolio, Tech Mahindra said in a statement

Markets stage a comeback as RIL rebounds; ITC, Infosys, Tech Mahindra rise

Reversing the previous session's losses, the 30-share index ended 454.10 points or 0.78 per cent higher at 58,795.09

We're building incentive warchest to curb attrition: Tech Mahindra leaders

In a Q&A, MD-CEO C P Gurnani and marketing head Harshvendra Soin talk about growth drivers, managing supply side constraints and how acquisition is aiding access to key talent

Sensex gains 383pts, broader indices outperform; Tata Steel up 4%, RIL 2.4%

The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers

Tech Mahindra at new high, rallies 7% on healthy September quarter numbers

The company maintained its guidance of double-digit organic revenue growth for FY22 and 15 per cent EBIT margin

Tech Mahindra Q2 net up 26% YoY to Rs 1,339 cr, down slightly sequentially

Firm announces two acquisition in digital space

Top headlines: Airtel accepts 4-year moratorium; IPL gets 2 more teams

Business Standard brings you the top headlines at this hour

Tech Mahindra Q2 net profit rises 26% to Rs 1,339 cr

The company also declared special dividend of Rs 15 per equity share of Rs 5 face value

Stocks to Watch: RIL, HDFC AMC, ICRA, SRF, Tech Mahindra, Ceat, ICICI Bank

The markets are likely to react to Reliance and ICICI Bank results at the opening bell today