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Tech Mahindra

Tech Mahindra Share Price Takes a Nosedive After Disappointing Earnings Report

Tech Mahindra Share Price Takes a Nosedive After Disappointing Earnings Report

Thu, Oct 26, 2023

Tech Mahindra's share price tumbled nearly 4% on October 26 in early morning trade, after the IT company reported a 61% decline in consolidated net profit in the July-September quarter. The company's revenue from operations also declined by 2% during the quarter.

Dr. Anish Shah, MD&CEO,Mahindra Group,Sets Ambitious Goals for Company's Growth Across All Verticals

Dr. Anish Shah, MD&CEO,Mahindra Group,Sets Ambitious Goals for Company's Growth Across All Verticals

Wed, Sep 13, 2023

The aim is to take the company forward manifold, the company's focus is on capacity expansion in all verticals: Dr. Anish Shah, MD & CEO, Mahindra Group

Tech Mahindra MD talks on Coronavirus impact on industry

Tech Mahindra MD talks on Coronavirus impact on industry

Thu, Feb 13, 2020

Exclusive Talk With Tech Mahindra MD C P Gurnami over the impact of Coronavirus on industry कोरोनावायरस का असर केवल स्वास्थ्य पर नहीं, बल्कि इंडस्ट्री पर भी इसका असर दिखने लगा है। टेक महिंद्रा के एमडी से जी बिजनेस की खास बातचीत हुई।

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IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring

IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring

Sat, May 13, 2017

According to the news report, nearly two lakh jobs are at stake, with big-ticket companies like Infosys, Cognizant, Wipro, Tech Mahindra, others as they looking to hand over pink slips to incumbent employees and hire fewer talent.

No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom

No mass layoffs by Indian IT companies, workforce realignment happens every year: Nasscom

Sat, May 13, 2017

India's IT industry body Nasscom on Friday has issued a statement denying a mass layoffs by IT companies in the country stating that the workforce realignment linked to performance appraisal processes is a regular feature every year.

IT companies likely to report stable earnings in fourth quarter of FY17: Experts

IT companies likely to report stable earnings in fourth quarter of FY17: Experts

Tue, Apr 11, 2017

According to research firms, IT companies are likely to report stable earnings for the fourth quarter (Q4) of fiscal year 2016-17 (FY17) which ended on March 31, 2017.

Can Tech Mahindra solve its H1-B visa issue with HCI Group buy?

Can Tech Mahindra solve its H1-B visa issue with HCI Group buy?

Tue, Mar 07, 2017

Tech Mahindra on Tuesday said that the company has acquired US-based healthcare services provider CJS Solutions Group LLC of HCI Group.

Tech Mahindra to buy US-based healthcare IT services & consulting firm The HCI Group

Tech Mahindra to buy US-based healthcare IT services & consulting firm The HCI Group

Tue, Mar 07, 2017

With an aim to strengthen its position in the healthcare service provider space, Tech Mahindra has announced to acquire the US-based healthcare IT services and consulting firm The HCI Group.

TCS share buyback: Should Infosys follow suit?

TCS share buyback: Should Infosys follow suit?

Tue, Feb 21, 2017

However, analysts and industry experts have now trained their eyes towards the other IT behemoth -- Infosys Ltd. Should Bengaluru-based bluechip that is currently in a corporate governance storm follow TCS and announce its own share buyback to appease shareholders?

Tech Mahindra sees bigger business from Vodafone-Idea merger

Tech Mahindra sees bigger business from Vodafone-Idea merger

Sun, Feb 19, 2017

"It is a big market where these people are merging together. In my world, it is a seismic change. It is not an ordinary change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend.

Stocks of Sun Pharma, TCS, Infosys and Tech Mahindra are the Nifty Gainers

Stocks of Sun Pharma, TCS, Infosys and Tech Mahindra are the Nifty Gainers

Thu, Feb 16, 2017

Stocks of Sun Pharma, TCS, Infosys and Tech Mahindra are the Nifty Gainers. Watch this special segment and get to know more here.

Tech Mahindra halts appraisal cycle for senior-level employees

Tech Mahindra halts appraisal cycle for senior-level employees

Mon, Feb 06, 2017

Indian IT firm Tech Mahindra has suspended the appraisal cycle for senior-level employees possessing more than six years of experience pending a management review.

India Post Payments Bank starts pilot services in Raipur & Ranchi

India Post Payments Bank starts pilot services in Raipur & Ranchi

Mon, Jan 30, 2017

India Post has started operations of its payments bank on Monday on pilot basis in Raipur and Ranchi.

Tech Mahindra's Q3 net profit up 14%

Tech Mahindra's Q3 net profit up 14%

Mon, Jan 30, 2017

Vineet Nayyar, Vice Chairman of Tech Mahindra said, “The strong deal wins and business momentum during the quarter reaffirm that we are on the right track to capitalize on the opportunities from the global digital transformation and see measurable benefits from that."

Can Tech Mahindra overcome its Q2 decline this Q3?

Can Tech Mahindra overcome its Q2 decline this Q3?

Mon, Jan 30, 2017

Analysts at Kotak Institutional Equities said, “We expect cross currency (c/c) revenue growth of 3.8% and cross currency headwind of 120 basis points. Acquisitions (Target Group) will contribute incremental $6 million for the quarter; organic revenue growth stands at 3.2% in c/c.”

Tech Mahindra to hire over 100 engineers for new Dublin centre

Tech Mahindra to hire over 100 engineers for new Dublin centre

Mon, Jan 16, 2017

The centre, which will be operational in the first quarter of 2017, would employ more than 100 engineers.

Tata Consultancy Services to announce third quarter results today; here's what to expect

Tata Consultancy Services to announce third quarter results today; here's what to expect

Thu, Jan 12, 2017

Sandip Agarwal and Pranav Kshatriya analysts of Edelweiss Financial Services said, “TCS’ execution capability, client relationships and leadership are impeccable. We believe, few niggling issues like LATAM, Diligenta and Japan, which have taken a toll on the company’s overall growth rate in past few quarters, are probably in the last leg and be largely over by FY18."

Patanjali to acquire more land for Nagpur project

Patanjali to acquire more land for Nagpur project

Sun, Nov 20, 2016

At present, Patanjali has 230 acres in non-SEZ and 60 acres within SEZ area of Mihan.

Tech Mahindra's Q2 net falls 18%

Tech Mahindra's Q2 net falls 18%

Thu, Oct 27, 2016

While CP Gurnani, Managing Director & CEO of Tech Mahindra said,"Overall it was a very good quarter for us with the growth well-supported by our key communications and enterprises businesses. We had some marquee wins which align very well with our strategy of catering to the connected world."

TCS lowers outlook for Q2FY17; drags shares of top 4 IT cos

TCS lowers outlook for Q2FY17; drags shares of top 4 IT cos

Thu, Sep 08, 2016

The company cautioned the investors on its business trends in the second quarter of this fiscal.

M&M's commercial vehicle owners to get DigiSense app

M&M's commercial vehicle owners to get DigiSense app

Fri, Aug 26, 2016

According to M&M, the smartphone app, will "enable new form of communication between the customer and Mahindra vehicles."

Investors cheer Tech Mahindra on approval for acquiring Target Group

Investors cheer Tech Mahindra on approval for acquiring Target Group

Wed, Aug 24, 2016

Tech Mahindra in a statement said,"The United Kingdom's financial conduct authorit (FCA) has confirmed that it has formally approved the acquisition of Target Group - a financial services outsourcing and software provider."

Tech Mahindra's Vineet Nayyar got nearly Rs 182 crore as pay package in FY16

Tech Mahindra's Vineet Nayyar got nearly Rs 182 crore as pay package in FY16

Tue, Jul 12, 2016

Tech Mahindra Vice Chairman Vineet Nayyar took home a total pay package of Rs 181.74 crore in 2015-16, largely on account of stock options encashed by him, making him one of the highest paid executives in India.

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