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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...

Tech Mahindra to acquire US-based network solutions firm Lightbridge for $240M

Nov 20, 2014 at 20:00 | Source: VC Circle

Information technology and software services provider Tech Mahindra Ltd has signed a definitive agreement to acquire US-based global network services provider Lightbridge Communications Corporation (LCC) for $240 million, as per a stock market&nb...

Tech Mahindra to Buy US-Based Network Services Operator for $240 Million

Nov 20, 2014 at 20:00 | Source: NDTV Profit

Software services company Tech Mahindra Ltd said it would buy Virginia-based network services operator Lightbridge Communications Corp for $240 million to boost its presence in the United States. The acquisition, expected to close by the fourth quart...

Tech Mahindra Gains 4% on Q2

Oct 30, 2014 at 10:00 | Source: NDTV Profit

Shares in Tech Mahindra gained over 4 per cent to a day high of Rs 2,502.2 on Thursday as the company reported strong set of earnings for the July to September quarter of FY15 on Wednesday post market hours. Its net profit grew 14 per cent sequential...

Tech Mahindra Posts Profit of Rs 720 Crore in Q2

Oct 30, 2014 at 00:00 | Source: NDTV Profit

Mumbai: Notwithstanding a healthy rise in revenue, Tech Mahindra on Wednesday reported a marginal growth in September quarter net profit at Rs 719.7 crore as foreign exchange losses impacted the bottom line. The Mahindra Group company had reported&am...

Dr. Reddy's Lab, Tech Mahindra, Sesa Sterlite in Focus Today

Oct 29, 2014 at 10:00 | Source: NDTV Profit

The Nifty opened higher on Wednesday tracking positive global markets and futures trade on Singapore Stock Exchange. Both foreign and domestic investors turned net sellers of Indian equities on Tuesday. Foreign investors sold stocks worth Rs 108 cror...

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, 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...

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