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TechM in $240m US buy

Nov 21, 2014 at 12:17 | Source: Calcutta Telegraph News

Calcutta, Nov. 20: Software services company Tech Mahindra Ltd will buy Virginia-based global network services provider Lightbridge Communications Corporation (LCC) in an all-cash deal of around $240 million (over Rs 1,486 crore). The deal will help...

Merger mantra to clear mess

Oct 22, 2014 at 05:02 | Source: Calcutta Telegraph News

Mumbai, Oct. 21: The Union government today proposed that NSEL be merged with its holding company — Financial Technologies (India) Ltd. This brings a ray of hope to close to 13,000 investors who lost their money in the Rs 5,600-crore fraud at ...

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 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 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...

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 ...

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