Page 13 - Tech Mahindra

Stocks to Watch: Vedant Fashions, Escorts, CRISIL, Tech Mahindra, NBFCs

Shares of the Manyavar-brand owner Vedant Fashions to debut on the bourses on Wednesday.

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)

Sensex ends 696 pts higher, Nifty above 17,750; PSU Bank index up 3%

Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs

Tech Mahindra dips 4% on margin disappointment in December earnings

In the past one month, the stock has underperformed the market by falling 19 per cent as against a 1.7 per cent rise in the S&P BSE Sensex.

Stocks to Watch: Tech Mahindra, Adani Ports, Hero Moto, Voda Idea, TTML

Adani Green, Apollo Tyres, Adani Total Gas, Balrampur Chini, Dabur, eClerx, HDFC, IOB, Jubilant Foodworks, M&M Financial, Tata Consumer and Zee to announce results today.

Tech Mahindra Q3 net up 7% at Rs 1,378 cr, revenue rises 19%

Narrowing of operating profit margin to 14.8% as against the year-ago period's 15.9% restricted the growth in the bottomline

Street positive on Tech Mahindra's 310 million Euro acquisition

The deal will boost its digital and engineering R&D capabilities in BFSI space

Sensex falls 554 pts, Nifty below 18,150 amid rising bond yield, oil prices

In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively

Tech Mahindra on slippery ground post acquisition of European IT firm CTC

The company announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore).

Stocks to Watch: Tech Mahindra, HFCL, NTPC, Bajaj Finance, Just Dial, Sugar

Bajaj Finance, ICICI Prudential Life, Just Dial, Jyoti Structures, LT Technology Services and Tata Elxsi are scheduled to announce December quarter results today.

Tech Mahindra taps into insurance biz with acquisition of Com Tec Co IT

Deal struck at €310 mn; also invests 310 mn; €25 mn in acquiring 50% stake in SWFT & Surance

Tech Mahindra acquires 100% stake in European firm CTC for Rs 2,600 cr

Tech Mahindra said that it has acquired Com Tec Co IT for 310 million euros

Nokia, Tech Mahindra partner for 5G-based solutions for enterprises

Finnish telecom gear maker Nokia and Tech Mahindra have joined hands to deploy 5G-based solutions for business organisations, according to a joint statement by the two companies. Under the collaboration, Tech Mahindra will leverage Nokia's private wireless DAC (digital automation cloud) solution for customers across industries and facilitate in automating 5G private wireless network management on a cloud computing system and enabling them deploy internet of things like technology. "5G adoption has become critical for enterprises to achieve the next level of industrial automation and digital transformation that enable higher level of productivity and reduce operational complexity and costs. We are pleased to partner with Nokia as we continue to build 5G ecosystem, and drive innovation and growth in the future," Tech Mahindra Global Head of 5G & Network Services Business Manish Mangal said in the statement. Nokia DAC will also enable access to other network management and operations

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