Page 9 - Tech Mahindra

IT industry veteran C P Gurnani joins upGrad's Board of Directors

Focus on global growth as independent director

IT major Tech Mahindra announces appointment of Richard Lobo as CHRO

Lobo replaces Harshvardhan Soin, who takes over the role of president- Asia Pacific & Japan effective January 3

Google Maps gets streetwise in India with AI, expands across 3,000 cities

The California-headquartered tech giant announced new additions to maps, including some features customised for Indian users, such as the landmark-based address descriptors

AI may create more jobs than it can eliminate: Tech Mahindra's outgoing CEO

Generative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra's outgoing CEO said, even as its ability to wreck the job market has been discussed on social media.

Tech Mahindra launches Populii, platform for gig workers and companies

Service will list jobs for gig workers and equip businesses with reliable data from trained and qualified candidates

Comviva fined Rs 1 lakh for delay in CSR fund transfer to PM Relief

IT company Tech Mahindra Group firm Comviva has been penalised Rs 1 lakh for the delay in transferring unspent corporate social responsibility obligation to the Prime Minister's National Relief Fund, as per a regulatory filing. The Ministry of Corporate Affairs' Regional Director for the Northern Region has ruled against an appeal filed by Comviva against the order of the Registrar of Companies, which imposed a penalty of Rs 1 lakh on the company for the delay. According to the filing, there was an inadvertent delay due to technical reasons in the transfer of the amount unspent in relation to the Corporate Social Responsibility (CSR) obligation for the FY ended March 31, 2021, to the Prime Minister's National Relief Fund within the prescribed period of 6 months of the expiry of the financial year as per the Companies Act, 2013. "Penalty of Rs 1,00,000 has been imposed on Comviva Technologies Limited (Comviva) in connection with the appeal filed by Comviva before Hon'ble Regional ...

Tech Mahindra launches sports cloud platform in collaboration with AWS

Tech Mahindra on Monday said it has collaborated with Amazon Web Services (AWS) to build a sports cloud platform for sporting enthusiasts worldwide. Tech Mahindra and AWS will offer a comprehensive digital platform to sports organizations, offering use cases related to content and community engagement, customer data management and audience segmentation, and sports analytics, the company said in a statement. The platform will also offer immersive stadium-to-home fan experiences by leveraging augmented reality and virtual reality (AR/ VR), and metaverse gamification. The cloud offering will also enable sports organizations to build and transform digital properties of sports teams and franchises and generate new revenue streams by developing new services and features tailored to audience needs. Tech Mahindra and AWS in September this year announced a strategic collaboration where both entities can participate in joint go-to-market initiatives and drive business growth. 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 ...