Page 17 - Tech Mahindra

TechM Q4 profit rises 34.5% YoY; announces dividend of Rs 30 per share

The board also recommended a dividend of Rs 30 per share, including a special dividend of Rs 15 per share

Financials lift Sensex 508 pts up; pharma stocks, HCL Tech miss D-St rally

Investors booked profit in the pharma counters after a healthy rally over the past week. The index settled 0.87 per cent down.

TechM Q4 preview: Analysts see 52-59% YoY rise in PAT, muted revenue rise

Meanwhile, the investor focus will be on the deal wins, the outlook of communication vertical and 5G opportunity, timelines of wage hikes in FY22 and capital return during the Q4 results announcement

Tech Mahindra acquires 100% stake in US-based DigitalOnUS for $120 million

The acquired company is headquartered in San Jose, California and reported revenue of $30.6 million, at the end of CY2020

Stocks to watch: TechM, ACC, Nestle India, 5paisa, Caplin Point, ICICI Pru

Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021

Tech Mahindra to cover Covid-19 vaccination cost for employees globally

Tech Mahindra has urged all its associates to register themselves for vaccination through the government app - CoWIN/Aarogya Setu, and follow the mandated process

Tech Mahindra gains 2% as Co to acquire 70% stake in Perigord

This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors

Tech Mahindra acquires 70% stake in Perigord to augment pharma expertise

Digital transformation services provider Tech Mahindra acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharma industry

Vishwanathan Anand to mentor at Tech Mahindra's phygital Chess League

Global Chess League is an extension of the various partnerships its has with different sports- from FIFA to Indian Premier League's Kings XI Punjab

Viswanathan Anand takes up extensive role in 'Global Chess League'

Tech Mahindra on Monday roped in former world champion Viswanathan Anand in an extensive role for a first-of-its-kind "Global Chess League".

IBM to invest $1 bn in its partner ecosystem as it pushes for hybrid cloud

Enters into strategic partnership with Tech Mahindra that will create $1 bn revenue opportunity over next 3 yrs

Tech Mahindra to support IT transformation for Telefonica Germany/O2

The firm announced a strategic partnership with Telefonica Germany/Oz to drive its end-to-end IT transformation

Tech Mahindra brings back Milind Kulkarni as CFO effective April 2

This will be Kulkarni's second stint as CFO, a position he held for five years from 2013-2018. He succeeds Manoj Bhat, who takes over as Group CFO

AI impact: Tech Mahindra to cut BPO staff by 5,000 despite rising revenues

Company executives said there is a 'non-linearity' between revenue growth and overall headcount

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