Page 10 - Tech Mahindra

Tech Mahindra to invest up to Rs 700 crore over the next 2-3 years

Says products and platforms unit can become a $1-billion business in the next 2-3 years

Tech Mahindra to invest Rs 700 cr in products, platforms division in 2 yrs

IT services company Tech Mahindra on Friday said it will invest up to Rs 700 crore in the newly carved out division of products and platforms in the next two years. The Mahindra group company is already present in the products and platforms business with its acquisition of the telecom sector-focused Comviva and other offerings which are delivering an annual revenue run rate of USD 450 million, company's chief executive and managing director C P Gurnani said. In the next two-three years, we are aiming to take the revenue from products and platforms to USD 1 billion, he told PTI in a virtual interaction in Pune after making the announcement about the new division at 'investor day'. The investment in the new division, to be led by Gurugram-headquartered Comviva's team, will be Rs 500-700 crore over the next two-and-half years, Gurnani said. The Comviva team, which also has presence in Bhubaneswar and Bengaluru, has been tasked with leading the entire products and platforms play,he ...

Comviva focusing on 'martech' vertical in India: CEO Manoranjan Mohapatra

Martech describes the software end functions marketers use to optimise their marketing efforts

Vodafone Germany, Tech Mahindra deepen partnership for enhanced service

Vodafone Germany's partnership with Tech Mahindra began in 2019 with focus on "transforming assisted sales experience"

Tech Mahindra eyes up to 60% revenue from US in the next four years

Revenue from Americas was 47.9 per cent in fiscal 2021-22, as compared to 47.5 per cent in fiscal 2021

IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days

Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50

Tech Mahindra to open its first data, AI and cloud centre in Saudi Arabia

The CoE will combine academic and socio-economic goals to build national hi-tech talent capacity, create quality jobs, promote digital innovation, and upscale SMEs

Tech Mahindra dips 4% as management flags growth moderation, budget cuts

Tech Mahindra is witnessing moderation in growth, slower decision-making for projects, cuts in discretionary spending and shrinking budgets for short-term tactical deals, its management said

Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

TechM net falls 5.3%; enterprise biz crosses $1 bn in quarterly revenue

Revenue for the quarter came in at Rs 13,734.6 crore for Q3 - up 19.9 per cent. On a sequential basis, revenue was up 4.6 per cent

Tech Mahindra's Q3 profit slides 5.3% as expenses jump on macro challenges

India's Tech Mahindra reported a fall in third-quarter profit on Monday, hurt by higher expenses and a subdued performance by its communications division

Tech Mahindra opens Google Cloud Delivery Center in Mexico's Guadalajara

Facility will enable customers to modernise infrastructure and manage workloads

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

Tech Mahindra to come out with moonlighting policy this month: Report

Many employees working from home during the pandemic took up side jobs without the approval of their parent firm

BSNL gets Centre's nod to sign Rs 26,821 crore 4G deal with TCS: Report

Tata Sons' unit Tejas Network will manufacture the equipment locally for BSNL

Top IT services firm hit the pause button on hiring amid weak earnings

However, fears of an impending recession and declining profitability have together contributed in the change of mood for these IT services companies, along with their approach

Growing unemployment: Battle of two parallel realities

The duality between the ground reality of tangible unemployment and the perception created by events like "rozgar melas" will likely continue till the next general election

Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision

Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.

Stocks to Watch: Tech M, Adani Ports, Hero Moto, Voltas, Eicher Motors, RIL

Stocks to watch today: Tech Mahindra's net profit for Q2 FY23 was down 4 per cent at Rs 1,285 crore due to supply-side pressure; NCC received two new orders worth Rs 1,056 crore in October

Tech Mahindra working on a policy to allow moonlighting: C P Gurnani

Employees will need prior permission; no-tolerance policy will be followed if they hide, he adds