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After initial euphoria over Modi stocks market shifts focus to fundamentally sound companies

Aug 28, 2014 at 08:27 | Source: Economic Times

India's stock markets have been on a tear ever since the BJP announced Narendra Modi's candidature for the post of prime minister late last year. The trend continued after his victory in May with a large majority on a mandate for growth-oriented refo...

Mahindra did not anticipate legal hurdles after Satyam buy: Anand Mahindra

Aug 27, 2014 at 16:21 | Source: Economic Times

NEW DELHI: Surprised by tax claims on its investments in scam-tainted Satyam Computers, Mahindra Group Chairman Anand Mahindra said he had not anticipated that the Group will be battling Indian government and tax authorities in court for its own mone...

Tech Mahindra in talks to acquire more firms: Anand Mahindra

Aug 26, 2014 at 15:45 | Source: Economic Times

NEW DELHI: Country's fifth largest software services firm Tech Mahindra is in talks to acquire technology firms, both in India and overseas, to enhance competencies and geographic reach, its Chairman Anand Mahindra said. Mahindra, who is also the Ch...

Tech Mahindra expects $500 million in revenue from digital unit by 2015

Aug 26, 2014 at 13:00 | Source: Economic Times

MUMBAI: Tech Mahindra expects its digital unit to contribute more than $500 million to revenue by 2015, as the company moves towards its goal of achieving a $5 billion top line by that time. The market for digital offerings is growing for IT service ...

Tech Mahindra expects $500 million revenue by 2015

Aug 26, 2014 at 04:45 | Source: Economic Times

MUMBAI: Tech Mahindra expects its digital unit to contribute more than $500 million to revenue by 2015, as the company moves towards its goal of achieving a $5 billion top line by that time. The market for digital offerings is growing for IT service ...

Tech Mahindra's Q1 revenue up but margins drop

Aug 02, 2014 at 04:02 | Source: Economic Times

MUMBAI: Tech Mahindra's first-quarter revenue beat expectations as the company posted robust growth in Europe and the US and in its telecom business, but the company's margins dropped significantly as it in vests for future growth. For the quarter en...

Tech Mahindra Q4 net dips 8 per cent to Rs 630.7 crore

Aug 01, 2014 at 04:07 | Source: Economic Times

NEW DELHI: Country's fifth largest IT firm Tech Mahindra today said its net profit has declined 8.1 per cent to Rs 630.7 crore for the quarter ended June 30, 2014. The Mumbai-based firm had posted a net profit of Rs 686.3 crore in the same quarter l...

TCS in milestone march

Jul 24, 2014 at 04:17 | Source: Calcutta Telegraph News

Mumbai, July 23: Tata Consultancy Services (TCS), India’s largest software services player, today became the first domestic company to surpass Rs 5 lakh crore in market capitalisation. On a day when the key indices hit fresh records, the TCS s...

Sebi slaps 14-year ban on Raju

Jul 16, 2014 at 09:17 | Source: Calcutta Telegraph News

Mumbai, July 15: B. Ramalinga Raju — India’s biggest corporate shyster — and four others were barred today from accessing the country’s capital markets for 14 years and directed to return with interest Rs 1,849 crore worth of ...

Satyam case: Sebi bans Ramalinga Raju, others for 14 years, seeks Rs 1,849 cr

Jul 15, 2014 at 20:14 | Source: FirstPost

Mumbai: Closing five-and-a-half year long probe into the country's biggest corporate fraud, Sebi today barred erstwhile Satyam Computer's founder B Ramalinga Raju and four others from markets for 14 years and asked them to return Rs 1,849 crore worth...

Tech Mahindra Inks Pact in Dubai to Support Smart City Initiative

Jul 07, 2014 at 00:00 | Source: NDTV Profit

Dubai: IT major Tech Mahindra has signed a memorandum of understanding (MoU) with the Dubai Economic Council (DEC) for providing innovative IT solutions to help the city achieve the status of 'smart city'. The DEC seeks to benefit fro...

Tech Mahindra Forms Joint Venture With Saudi Arabia's Midad Holding

Jul 03, 2014 at 08:00 | Source: NDTV Profit

New Delhi: Tech Mahindra on Wednesday said it has formed a joint venture with Midad Holding to provide IT and ITeS solutions in Saudi Arabia. The joint venture will be called Tech Mahindra Arabia and Midad will hold a 51 per cent stake in it. The ...

Spotlight back on pharmaceuticals, IT stocks as rupee falters

Jun 28, 2014 at 12:37 | Source: Economic Times

MUMBAI: Investors have turned to defensive stocks such as technology and pharmaceuticals from cyclical and financial services as geopolitical tension in Iraq and a poor monsoon loom over India, threatening to undermine Prime Minister Narendra Modi's ...

Satyam's Ramalinga Raju anticipates verdict, ready to pursue long legal battle

Jun 26, 2014 at 13:02 | Source: Economic Times

HYDERABAD: The disgraced founder of the erstwhile Satyam Computer Services is preparing for a prolonged legal battle ahead of a verdict by a special court which is hearing the case relating to India's biggest accounting fraud. Raju, 59, is readying p...

Court to fix date for Satyam verdict on June 26

Jun 23, 2014 at 14:52 | Source: Economic Times

HYDERABAD: A special court trying the case of multi-crore rupee accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce the date of judgement on June 26. Special judge BVLN Chakravarti of XXI court of Additi...

Date for multi-crore Satyam scam verdict to be announced on 26 June

Jun 23, 2014 at 13:29 | Source: FirstPost

Hyderabad: A special court trying the case of multi-crore rupee accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) today said it will pronounce the date of judgement on 26 June.Special judge B V L N Chakravarti of XXI court of Addi...

Satyam fraud case verdict date may be fixed tomorrow

Jun 22, 2014 at 17:52 | Source: Economic Times

HYDERABAD: Nearly five-and-half-years after the multi-crore accounting fraud surfaced in erstwhile Satyam Computer Services Limited, a special court set up to try the sensational case is likely to fix tomorrow the date for pronouncement of the much-...

Mahindra Mahindra Q4 profit rises marginally to Rs 897 crore

May 30, 2014 at 16:17 | Source: Economic Times

MUMBAI: Mahindra & Mahindra today posted a marginal increase in standalone net profit at Rs 896.88 crore for the fourth quarter ended March 31. The auto major had posted a profit of Rs 889.19 crore during the same period of 2012-13. Net sales on a s...

Sapience in talks to raise up to $10 million to fund US expansion

May 20, 2014 at 04:52 | Source: Economic Times

NEW DELHI: Sapience Analytics has entered into negotiations to raise up to $10 million (Rs 59 crore) in equity funding, as the Pune-based enterprise software company prepares to establish its footprint in developed markets, particularly the United S...

No Modi magic seen in IT stocks; Infosys, TCS, Wipro fall over 2 per cent

May 16, 2014 at 12:21 | Source: Economic Times

MUMBAI: Shares of IT companies are witnessing profit booking even as the rest of the market is rejoicing the lead of BJP-led NDA in the 16th Lok Sabha elections. The major reason for the underperformance of IT stocks is the strong appreciation in th...

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