Page 9 - Tech Mahindra

Tech Mahindra signs agreement to form joint venture with Sumitomo Corp

IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector

TCS makes buyback buzz but other Indian IT firms unlikely to follow suit

Buyback tax provision and steep valuations may deter companies still playing safe in the coronavirus pandemic, say analysts

ITI will be able to produce 4G, 5G equipment in a few months: Tech Mahindra

IT company Tech Mahindra is in advance stage of sharing technology with ITI Limited and said the state-run electronics manufacturing entity will be ready to make 4G and 5G equipment in a few months

Infosys becoming bellwether again, says chairman Nandan Nilekani

The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later

Tech Mahindra sells stake in Altiostar to Rakuten Mobile for $45 mn

Becomes preferred partner for Rakuten Communication Platform

Tech Mahindra sells stake in Altiostar Networks for $45 mn to Rakuten

In a regulatory filing, Tech Mahindra said its subsidiary Tech Mahindra (Americas) Inc has divested its holding of 18,518,518 C1 preferred shares in Altiostar Networks.

Covid-19 impact: WFH turns out cheaper and greener for IT companies

Indirect emissions account for a major chunk of emissions by Indian IT firms

Re-rating potential in Tech Mahindra as growth outlook improves

Rising focus on network upgradation and spending on 5G equipment by telecom industry augurs well

IT firms roll out solutions to help clients return to office smoothly

WFH-themed solutions aimed at cost saving and better employee management for clients

Bharti Airtel gets ready to take on Reliance Jio in 5G vRAN space

Tech to be tested once spectrum is available

Hope Indian professionals are continued to be welcomed in US: Indian envoy

In June, President Donald Trump banned the entry into the US of workers in several key non-immigrant visa categories, including the H-1B until the end of the year

Nasscom welcomes H1B, L1 visa relaxations; remains 'cautiously optimistic'

"We believe this is a step in the right direction and encourages the implementing agencies to ensure that US businesses' access to critical talent is not hampered," Nasscom said

Japanese e-commerce giant Rakuten gets Indian firms on board for 5G

Rakuten is tying up with Indian companies such as Sterlite Technologies for hardware and HCL, Wipro, and Tech Mahindra for software

Tech Mahindra starts Covid-19 screening service to detect antibodies

IT company Tech Mahindra on Monday started a coronavirus screening service 'Mhealthy', which can also detect Covid-19 antibodies, said a senior official of the company.

Bulk of 5G-centric spends to be pushed: TechM's CP Gurnani, Manoj Bhat

"Huawei continues to remain our customer. But they are going through their own cycle, in terms of the US (sanctions) and Covid-19 impact," said TechM's CFO Manoj Bhat

Tech Mahindra, Hinduja Group's CyQureX sign pact for cyber security biz

IT company Tech Mahindra and Hinduja Group's CyQureX on Wednesday announced a global partnership to jointly offer cyber security solutions. Under the partnership, Tech Mahindra will provide consulting, planning, designing, integration, orchestration and automation of services and CyQureX will prioritise capabilities in the cyber security domain, a joint statement of both the entities said. "We see cybersecurity not only as an essential service but as a key business differentiator for our clients. The partnership with Hinduja Group's CyQureX aligns with our core business proposition, and will further strengthen our position as the cybersecurity partner of choice for our customers globally," Tech Mahindra managing director and chief executive officer CP Gurnani said in a statement. Hinduja group co-chairman GP Hinduja said with rapid transformation of business to digital, cybersecurity will be the cornerstone to protect all digital assets, particularly for digital transformation of ..

Indices end near day's high, Sensex up 558 pts; UltraTech Cement jumps 7%

All that happened in the markets today

Tech Mahindra surges 6% as June quarter earnings beat Street estimates

Going forward, analysts expect a ramp up of large deals won in the previous quarters and improvement in deal wins in coming quarters to drive Tech Mahindra's revenues

Market Ahead, July 28: All you need to know before the opening bell

A total of 132 companies, including UltraTech Cement, Nestle India, and IDBI Bank, are scheduled to announce their results today

Tech Mahindra beats Street estimates, pre-tax profit up 33% to Rs 1,283 cr

Mahindra group firm beat estimates for the June 2020 quarter (Q1FY21) thanks to lower operating costs