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Rating blow to Infy scrip

Oct 09, 2014 at 18:42 | Source: Calcutta Telegraph News

Mumbai, Oct. 8: Shares of Infosys were battered today following a downgrade by foreign brokerage Citigroup. This comes at a time expectations are building up ahead of the company’s second-quarter results on Friday. Citi downgraded the stock to...

Tech Mahindra, Infosys Sink as IT Stocks Fall

Oct 08, 2014 at 14:00 | Source: NDTV Profit

The IT sub-index on the Bombay Stock Exchange fell as much as 4 per cent on Wednesday amid profit taking and on the back of relative strength in the rupee, which has stayed in a broad range despite a global rally in the US dollar. Over the last three...

Tech Mahindra bags multi-million euro project from Ahlstrom

Sep 23, 2014 at 14:46 | Source: Economic Times

NEW DELHI: Country's fifth largest software services major Tech Mahindra has bagged a multi-million euro agreement from Finnish firm Ahlstrom to manage its IT operations. Ahlstrom is a high performance fibre-based materials company with net sales fr...

Tech Mahindra aims to clock $ 5 billion revenues by FY17

Sep 19, 2014 at 17:50 | Source: Economic Times

HYDERABAD: Tech Mahindra, India's fifth largest software services exporter, is on track to become a $ 5 billion dollar company by fiscal 2017, a top company executive said today. "So far as the business is concerned, it is good. Outlook is positive. ...

Tech Mahindra, Bosch tie-up for smart cities, home solutions

Sep 18, 2014 at 18:55 | Source: Economic Times

NEW DELHI: Tech Mahindra today said it will work with Bosch Software Innovations to develop an ecosystem to offer solutions for smart cities with billions of things inter-connected via the Internet. Tech Mahindra Digital Enterprise Solutions group He...

Indian IT companies battle it out for Rs 11,000 crore deals in Australia

Sep 15, 2014 at 11:20 | Source: Economic Times

BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore). Infosys, Wipro, TCS and HCL Technologies are participating alongside IBM, HP and Capgemini in re...

TechM prop for job seekers

Sep 10, 2014 at 06:07 | Source: Calcutta Telegraph News

Calcutta, Sept. 9: Tech Mahindra today launched its Saral Rozgar job cards in Bengal to enable workers in the unorganised sector to connect with prospective employers over a digital platform. The move can create around 15,000 job openings in the sta...

IT companies focus on re-skilling as shift to digital solutions gathers steam

Sep 08, 2014 at 06:25 | Source: Economic Times

MUMBAI: As Indian IT providers look to gain a greater proportion of their business from newer digital technologies, they are undergoing a massive retraining and skilling process to equip people to build solutions around social media, mobility, analyt...

Tech Mahindra, Info Edge, Maruti Suzuki in Focus Today

Sep 05, 2014 at 10:00 | Source: NDTV Profit

The Nifty is likely to open flat on Friday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to be net buyers of Indian equities with increased momentum as they have bought shares worth Rs 1,698 crore on Thursday....

Tech Mahindra Wins Engineering Solutions Deal from Bombardier

Sep 04, 2014 at 22:00 | Source: NDTV Profit

New Delhi: IT services firm Tech Mahindra today said it has secured an engineering solutions deal with Canadian aerospace and transportation company Bombardier. Financial details of the contract were not disclosed. In a statement today, Tech Mahindra...

Tech Mahindra wins engineering solutions deal from Bombardier

Sep 04, 2014 at 21:31 | Source: Economic Times

NEW DELHI: IT services firm Tech Mahindra today said it has secured an engineering solutions deal with Canadian aerospace and transportation company Bombardier. Financial details of the contract were not disclosed. In a statement today, Tech Mahindra...

Over 300 stocks touch 52-week high as Sensex conquers 27,000 mark

Sep 02, 2014 at 20:12 | Source: Economic Times

MUMBAI: Helped by a smart rise in the Sensex that surpassed the 27,000-mark for the first time, more than 300 stocks hit their one-year high level on the BSE today. As many as 323 stocks touched 52-week high in an overall robust stock market where th...

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...

India's Sensex Ends Two-Week Rally as Rupee Drops on Global Rout

Aug 01, 2014 at 18:00 | Source: Bloomberg

Indian stocks fell the most in three weeks, with the benchmark index halting two weeks of advance, amid a global equity selloff and on concern local share prices have exceeded the outlook for profit. Tech Mahindra Ltd. (TECHM) and Titan Co., a maker ...

Tech Mahindra CFO Explains Q1 Margin Miss

Aug 01, 2014 at 15:34 | Source: NDTV Profit

Tech Mahindra shares fell nearly 6 per cent to Rs 2,026.55 on Friday in the opening trade as the company's net profit in the first quarter was hit by lower-than-expected margin. The IT major reported 300 basis point sequential decline in its ...

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