Page 8 - Tech Mahindra

Stocks to Watch: Bharti Airtel, Concor, IGL, IRCTC, ABB, Titagarh, Vascon

Stocks to Watch on November 21, 2023: Concor has partnered with Indraprastha Gas to set up LNG/LCNG infrastructure within its terminals

CP Gurnani to step down as director of Tech Mahindra on December 20

Along with Gurnani, Vijay Kumar will also step down as the non-executive, non-independent director of the company on December 20

Tech talent embracing jobs in non-tech sectors amid IT hiring slowdown

While automobile, banking, and other sectors can absorb IT talent, they are unlikely to generate the same hiring volume as the tech sector

Sensex plunges 901 pts, Nifty nears 18,850 as sell-off enters 6th day

Closing Bell on October 26, 2023: In the broader market, the BSE MidCap index shed 0.94 per cent, and the BSE SmallCap index fell 0.19 per cent

Tech Mahindra Q2FY24 result: Net profit falls 61% YoY to Rs 505 crore

The consolidated revenue from operations for Q2FY24 came in at Rs 12.86 crore, compared to Rs 13.12 crore year-on-year

Tech M hits over 2-month low on disappointing Q2 results; analysts bearish

ICICI Securities believes key will be how new CEO (from December, 2023) pivots the business to more diversified from current Communication heavy construct ahead

Stocks to Watch today: Tech M, IRM Energy, RIL, Sonata Software, ACC, PNB

Stocks to watch on Thursday, October 26: The consolidated net profit of Tech Mahindra for Q2FY24 fell 61.10 per cent YoY to Rs 505.30 crore -- the biggest drop in 16 years

Tech Mahindra Q2FY24 result: Net profit down 61.6%, revenue drops 2%

This is the biggest fall in net profits over a decade, as the company braced for budget tightening by clients

Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100

Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline

Stocks to Watch today: Axis Bank, Tech M, Vedanta, Delta Corp, ONGC, NDTV

Stocks to watch on Wednesday, October 25, 2023: The Bombay High Court has directed the Directorate General of GST Intelligence, Hyderabad, to not pass a final orders against Delta Corp

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.

LIC sells 2% shares in Sun Pharma via open market sale, stake now at 3.012%

The transaction was done via open market sale and the stake was sold between July 22 and September 13

Gati partners with Tech Mahindra to develop app to boost productivity

Allcargo Group firm Gati on Monday said it has partnered with Tech Mahindra to develop an application to boost productivity and unlock new business opportunities for the company. Tech Mahindra will enable Gati, over the next 18-24 months, to custom develop the software application -- Gati Enterprise Management System (GEMS) 2.0 -- from scratch, covering the entire first, mid and last-mile operations, the company said. The software will be developed in modules like pickup, delivery, en-route, customer contracts, invoicing, among others, offering a modern tech-driven interface while increasing efficiency and lowering costs, it said. The software application leverages Tech Mahindra's expertise and focuses on cloud-native applications, Gati said, adding the partnership is focused on replacing Gati's legacy application with a digital, scalable, and more agile cloud-based application. GEMS which was rolled out 20 years back is a pioneering initiative in the logistics industry, said ...

Employee costs to haunt Indian IT even as biz prospects improve: Analysts

Indian IT Services companies, Goldman Sachs said, have doubled their market share in the last 10 years to 6.2 per cent of the global IT spending in CY22

Ex-Infy exec Atul Soneja joins Tech Mahindra as chief operating officer

Tech Mahindra on Monday appointed Atul Soneja as the chief operating officer, the company said. The country's fifth-biggest IT services company in terms of revenues did not have a COO in the past. The appointment is effective from Monday. The appointment follows disappointing quarterly numbers for the April-June period, which saw a 38 per cent decline in net profit. Soneja, who joined Tech Mahindra from CitiusTech, has also been associated with the country's second-biggest IT company Infosys, where Tech Mahindra's Chief Executive Officer (CEO) and Managing Director-designate Mohit Joshi had also worked. His rich experience and vast knowledge of the industry, combined with his relentless dedication to automation, make him an ideal candidate to lead our operations, Mahindra Group's current Managing Director and Chief Executive Officer C P Gurnani said. Joshi said Soneja's appointment will help drive growth and enhance capabilities. At Infosys and its subsidiaries, Soneja managed ..

Tech Mahindra trains 8,000 employees in artificial intelligence: Official

IT company Tech Mahindra trained 8,000 employees in artificial intelligence as it readies itself to cater to demand around generative AI and quantum computing, a senior company official said on Saturday. Tech Mahindra global chief people officer and head of marketing Harshvendra Soin said that the company is enhancing focus on BFSI, healthcare, manufacturing and retail sectors in geographies like the USA. "At Tech Mahindra, as we are increasing our focus across BFSI, healthcare, manufacturing and retail sectors in geographies like the USA, we are investing in quantum computing, cybersecurity and AI. We will also continue to invest in learning development of employees to create a future-proof and resilient talent pool. We have trained and upskilled around 8,000 employees in generative AI and other AI platforms in the June 2023 quarter," Soin said. Tech Mahindra recorded a 38 per cent fall in June quarter net profit at Rs 692.5 crore due to a sharp contraction of the profit margins.

Tech Mahindra falls 5% as Q1 disappoints Street; brokerages turn cautious

In the recently concluded quarter, the company's revenue declined 4.1 per cent quarter-on-quarter (QoQ) to Rs 13,159 crore, as against Street estimate of flat QoQ growth

Stocks to Watch: Tech M, Axis Bank, Dr Reddy's, RVNL, M&M, RBL Bank, AMCs

Stocks to watch on July 27, 2023: The govt is going to sell up to a 3.4 per cent stake in Rail Vikas Nigam with an option to additionally sell 1.96 per cent stake via an OFS

Tech Mahindra Q1FY24 net profit down by 38.8% YoY at Rs 692.5 crore

Misses estimates on revenue and net profit

Tech Mahindra Q1FY24 results: Net profit falls 38.8% YoY to Rs 692.5 crore

At the end of the quarter, the company's headcount stood at 148,297. It was down 4,103 as compared to the March quarter