Page 8 - Tech Mahindra

Tech Mahindra profit rises 14% to Rs 1,310 crore in December quarter

Margin during the quarter was 19.6 per cent, up 140 basis points quarter-on-quarter.

Sensex ends 588 pts lower at 46,285, down 5% in a week ahead of Budget 2021

Both the benchmarks have erased around 5 per cent during the week

Tech Mahindra Q3 preview: Analysts expect up to 3% YoY decline in profit

Despite the headwind of furloughs and rupee appreciation, margins of growth for Tech Mahindra is expected to be flat in Q3FY21

Tech Mahindra to acquire Payments Technology Services for Rs 66 cr

The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said

IT shares in rally; Tech Mahindra's m-cap tops Rs 1-trillion; Wipro up 5%

With the market-cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company to join the Rs 1-trillion market-cap club

IT Q3 preview: Large deal wins to drive earnings but margins may take a hit

Brokerages expect large-cap IT firms to report revenue growth in the range of 2-3 per cent in constant currency (cc) terms

Tech Mahindra partners with College of Military Engg for defence solutions

IT major Tech Mahindra on Tuesday said its research and development arm, Makers Lab, has collaborated with the College of Military Engineering (CME), Pune to address challenges in the field of defence through technological innovations. CME will leverage the partnership to address critical military problem statements and be future-ready using next-generation technologies of Artificial Intelligence (AI) and Robotics, a statement said. Through this collaboration, Makers Lab will provide real world technological exposure to the army officers at CME and assist them in getting the nuances of next-generation technologies such as AI, Machine Learning (ML), Robotics, Internet of Things (IoT), Augmented and Virtual Reality (AR/VR) to make them future-ready for modern-day warfare, it added. As a part of this partnership, Tech Mahindra will establish a Makers Lab at CME to utilise their diverse set of capabilities and promote R&D to provide cutting-edge technology solutions for defence ...

Tech Mahindra may partner Reliance Jio to provide 5G solutions to world

TechM said it does not see Reliance as competition but rather as an 'expansion of the industry' through partnership

On the road to recovery: Marquee companies raise advance tax payment

Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table

Sharp stock gains, 5G uncertainty cap further upsides for Tech Mahindra

Improving margin trajectory, enterprise segment growth are positives

Tech Mahindra hits new high on healthy growth outlook, 5G opportunities

The company is expecting acceleration in growth based on large deal pipeline, acceleration in digital technologies and 5G opportunities

HAL, Tech Mahindra sign Rs 400 cr contract for 'Project Parivartan'

Hindustan Aeronautics Ltd and Tech Mahindra signed a contract worth Rs 400 crore for implementation of Enterprise Resource Planning (ERP) to support HAL's 'Project Parivartan'

Tech Mahindra on track surpass FY20 revenues by fourth quarter: CFO Bhat

The Pune-headquartered firm is also close to reaching pre-Covid 19 levels in terms of absolute profit, he says

Tech Mahindra slips over 2% after Q2 result; should you buy the stock?

The company, on Friday, reported a 5.3 per cent year-on-year (YoY) decline in its net profit at Rs 1,064 crore for the September quarter.

Tech Mahindra Q2 net declines 5.3% to Rs 1,064 cr on higher expenses

Revenue for the quarter stood at Rs 9,372 crore, a growth of 3.3 per cent YoY and 2.9 per cent sequentially.

Tech Mahindra to acquire Tenzing Group, Momenton for Rs 293 crore

IT company Tech Mahindra on Friday said it will acquire complete stake in New Zealand-based Tenzing Group and Australian IT firm Momenton for a cumulative amount of around Rs 293 crore

Tech Mahindra Q2 net profit drops 5% YoY to Rs 1,065 crore

The company's board has also proposed a special dividend of Rs 15 per equity share of Rs 5 each.

MARKET: Maruti, HDFC help Sensex settle 127 pts higher; Nifty tops 11,900

All that happened in the markets today

Tech Mahindra unit to pick up stake in Texas-based VitalTech Holdings

IT major Tech Mahindra on Thursday said its US subsidiary will acquire 6.03 per cent stake in US-based VitalTech Holdings, Inc for $3 million

Tech Mahindra Q2 preview: Analysts see up to 14.7% YoY fall in net profit

Deal pipeline in telecommunication & enterprise segment, opportunities in 5G, are some of the key monitorables.