Page 6 - Tech Mahindra

Stocks to watch, July 19: Infosys, RIL, Vi, LTTS, Tata Consumer, DRL, CEAT

At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.

Tech Mahindra adopts Microsoft Co-pilot GenAI tool to 'modernise workplace'

IT company will also deploy GitHub Copilot for 5,000 developers, expecting a 35-40 per cent boost in productivity

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

AI to usher in era of technological prowess: Tech Mahindra Chairman

IT firm to follow 'three-pronged' strategy for revenue and profitability predictability, says Mohit Joshi

Tech Mahindra launches indigenous LLM Indus in collab with Dell and Intel

Initially the LLM will support Hindi language and more than 37 of its dialects

Tech Mahindra subsidiary Comviva names Rajesh Chandiramani as CEO

Digital solutions provider Comviva, a Tech Mahindra subsidiary, on Monday announced the appointment of Rajesh Chandiramani as CEO and whole-time director, effective June 1, 2024. Chandiramani took over the baton from Manoranjan 'Mao' Mohapatra, who retired in May 2024. Mohapatra will continue to serve on the Comviva Board as a non-executive director, according to a company statement. Chandiramani previously held senior leadership roles at Tech Mahindra, where he served as the business unit head for strategic markets in the UK, Europe, the Middle East, Africa, Asia Pacific, Japan, and India within the Communications, Media & Entertainment (CME) vertical. On the appointment, Atul Soneja, chairman of the company's board, said, "Under his guidance, we look forward to further strengthening our position as a global leader in customer experience and data monetisation solutions, delivering unparalleled value to our clients and stakeholders.

NHPC, Tech Mahindra are top buying picks by HDFC Securities for May 22

Stock Price has broken out from downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance

Tech Mahindra, IBM to assist businesses worldwide in adoption of GenAI

IT company Tech Mahindra on Thursday said it has collaborated with IBM to assist businesses worldwide in responsibly accelerating the adoption of generative AI (GenAI). Under the partnership, TechM amplifAI and IBM watsonx will integrate to bring new GenAI and governance capabilities to enterprises, according to a company statement. "Our work with Tech Mahindra is expected to expand the reach of watsonx, allowing even more customers to build trustworthy AI as we seek to combine our technology and expertise to support enterprise use cases such as code modernisation, digital labour, and customer service," IBM Ecosystem General Manager Kate Woolley said.

Former Tech Mahindra vice chairman Vineet Nayyar passes away aged 85

Anand Mahindra, Chairman of the Mahindra Group, penned an emotional tribute following the passing of 'his friend' Nayyar, describing him as a towering figure in the Indian business landscape

MOIL, TechM: Top buy & sell ideas from Vinay Rajani of HDFC Securities

Nifty formed a bullish candle on May 14, but did not close at its intraday high. It can now rise towards the 22302-22348 band while 22131 could offer support in the near term

HDFC Sec sees up to 14% upside in Oil India, Tech Mahindra; check why

From the all-time high of 22,794, Nifty has witnessed a correction of more than 550 points in the span of three trading sessions

Tech Mahindra partners with Atento to offer GenAI-powered services

IT company Tech Mahindra on Tuesday said it has partnered with Spain-based Atento to provide generative AI-powered solutions and services to global enterprises. Atento is a customer relationship management (CRM) and business transformation outsourcing (BTO) company in Latin America. "The partnership will deliver end-to-end business transformation solutions and services that leverage Generative AI-powered technologies, as well as customer experience (CX) consulting for customers in the United States, Europe, the Middle East, and Africa and Latin American regions," the company said in a statement. The partnership will provide a comprehensive suite of business process outsourcing (BPO) solutions and services in more than 50 languages, it added.

Former Tech Mahindra India biz head Mitra quits to set up AI startup

Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. "We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million," Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- told PTI. "Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It will be driven by values. We need to move from a cost-driven proposition to a value-driven proposition. "We are going to focus on value proposition. Our firm will start operations within a quarter," Mitra, who moved out of Tech Mahindra earlier this month, said. Without disclosing the name of the company, Mitra said the firm will focus on manufacturing, retail, and sportstech and operate both from the US as well as India. "Everyone will not develop chatGPT models. It will cost a huge amount of

Strong execution key for Tech Mahindra to achieve three-year targets

The investments are likely to halve in FY26 and normalise by FY27

Tech Mahindra Q4: Stock zooms 13% as management eyes 'turnaround' in FY25

Tech M stock price: The management indicated that FY25 will be a year of turnaround followed by stabilisation in FY26 and strong returns from FY27

Tech Mahindra Q4 results: Net profit drops 40% to Rs 661 cr; income down 5%

Tech Mahindra Q4FY24 results: The company announced an interim dividend of Rs 28 per share

Q4 results: Weak communications show dials down Tech Mahindra revenue

Ahead of the earnings, Tech Mahindra's shares were up 0.3 per cent to close at Rs 1,190.10 on the Bombay Stock Exchange.

Tech Mahindra and Bajaj Fin among 38 firms to report Q4 results today

TCS, Infosys, and Wipro are IT majors that have already declared their numbers for the quarter

IT sector to see second consecutive year of muted revenue growth: CRISIL

The Indian IT services sector is staring at a second consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, a domestic rating agency said on Wednesday. Crisil Ratings said it expects the sector to grow at 5-7 per cent in FY25, after a growth of 6 per cent estimated to have been achieved in FY24. The overall industry size is pegged at USD 250 billion and it creates over 50 lakh direct jobs. "The slowdown in technology spend will continue this fiscal, weighing on the revenue growth of IT service providers," said Aditya Jhaver, director at Crisil. The industry is, however, expected to sustain in the key metric of profitability, as the operating profit margins will be stable at 22-23 per cent, the agency said, attributing it to prudent management of employee costs. Crisil said the sectoral revenues achieved a compounded annual growth rate of 12 per cent for the decade through FY24. High interest rates and economic slowdown in client mark