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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...

Sensex under pressure, Nifty slips below 7100; top 20 trading bets

May 15, 2014 at 12:51 | Source: Economic Times

NEW DELHI: The S&P BSE Sensex pared gains of over 150 points and turned negative in afternoon trade on Thursday, led by losses in ICICI Bank, HDFC Bank, L&T, TCS and Infosys. Tracking the momentum, the 50-share Nifty index also came under pressure a...

Sensex off from highs, Nifty tests 7100; top ten stocks in focus

May 15, 2014 at 10:51 | Source: Economic Times

NEW DELHI: After rallying over 100 points in trade on Thursday, the S&P BSE Sensex pared some of the gains in mid-morning trade, but the index was still trading with a positive bias. Tracking the momentum, the 50-share Nifty index which managed to r...

TechM net dips 3%

May 15, 2014 at 04:37 | Source: Calcutta Telegraph News

Mumbai, May 14: Tech Mahindra — the country’s fifth largest IT services company — today reported a 3.6 per cent decline in consolidated net profit for the fourth quarter ended March. The company posted a net profit of Rs 614.2 cror...

Post-election rally on cards! Top stock bets if May 16 reflects exit poll verdict

May 13, 2014 at 17:06 | Source: Economic Times

MUMBAI: The rally in the Indian markets have taken many people by surprise. The Sensex has surged 1,745 points or 7.81 per cent in the last three sessions on expectations of a clear majority for NDA government in the Lok Sabha elections. The CNN-IBN-...

Indian IT companies tap Africa s new-fangled fad for technology

May 13, 2014 at 12:47 | Source: Economic Times

BANGALORE: India's top software services companies are investing big in Africa, eager to win customers and market share in a continent that is home to fast-growing enterprises and under-developed technology infrastructure. Lured by the growth potenti...

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