Aug 09, 2022 07:03 AM IST

Tech Mahindra acquires its two South African joint ventures for Rs 30 crore

According to a BSE filing, the company will acquire 49 per cent stake in Tech Mahindra South (Pty) and 4 per cent in Mahindra Holdco Pty Ltd from its partner Falcorp Technologies which is exiting the joint venture.

Buy Tech Mahindra; target of Rs 1170: ICICI Direct

ICICI Direct is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1170 in its research report dated July 27, 2022.

Tech Mahindra Consolidated June 2022 Net Sales at Rs 12,707.90 crore, up 24.62% Y-o-Y

Buy Tech Mahindra; target of Rs 1240: Emkay Global Financial

Emkay Global Financial is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1240 in its research report dated July 25, 2022.

Hold Tech Mahindra; target of Rs 1042: Prabhudas Lilladher

Prabhudas Lilladher recommended hold rating on Tech Mahindra with a target price of Rs 1042 in its research report dated July 26, 2022.

Buy Tech Mahindra; target of Rs 1220: Sharekhan

Sharekhan is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 1220 in its research report dated July 25, 2022.

Google is bringing back Street View to India

Street View's India rollout is the first time that Google has tied up with local partners to offer the service to consumers, a model it hopes to scale in other parts of the world as well.

Fewer deals, falling margins: Recession blues hit the Indian IT sector

Supply-side constraints and macro uncertainties weigh on the margins of IT companies in Q1

Top 5 Indian IT companies hire 59,704 employees in Q1 

TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra’s net workforce additions stood at around 85,720 in the fourth quarter of the last financial year

Business News Live | TCS vs Infosys vs HCL Tech vs Tech Mahindra: Who Wins The Top Spot in Q1?

Infosys outplays rivals TCS & HCL Tech for yet another quarter. However, on the operation margins front, Infy's performance was the worst. Join Karunya Rao in conversation with Chandra Srikanth and Madhuchanda Dey of Moneycontrol as they discuss the Q1 results of IT sector.

Tech Mahindra Q1 profit falls 25%: Should you buy, sell or hold the stock?

The consolidated revenue for the quarter jumped 24.6 percent from Rs 10,198 crore achieved during the same period last year.

Tech Mahindra Standalone June 2022 Net Sales at Rs 9,965.10 crore, up 25.64% Y-o-Y

Tech Mahindra working on 60 metaverse projects globally: CEO & MD CP Gurnani

Deal wins for Q1 stood at $802 million, in line with management expectations

Tech Mahindra hired 6,862 freshers in Q1, attrition rate declined

Tech Mahindra had added around 6,106 new hires in Q4FY22 and 5,209 in the same quarter last year.

Tech Mahindra Q1 profit falls 25% sequentially to Rs 1,132 crore, revenue grows 5%

Delivery transformation, cost optimization and cash conversion will be key focus areas as the company continues to offset the strong supply side headwinds in the market, said CFO Rohit Anand

Tech Mahindra may log in double-digit drop in Q1 profit; constant currency revenue may grow 2-3.6%

The deal wins for the quarter ended June 2022 could be in the range of $750-800 million, the brokerages said.

Tech Mahindra, Mahindra University to set up lab for Metaverse, quantum computing

In order to establish a new "Makers Lab" for research and development in quantum computing, explainable artificial intelligence, and the Metaverse,Tech Mahindra and Mahindra University have signed a memorandum of understanding.

HCL Tech's order book grows 23.4% YoY to $2.05 billion in Q1

The company had a strong booking with 16 deals across life sciences, healthcare, manufacturing, financial services and technology segments.

TCS reports growth numbers of restructured business groups in Q1

While the Business Transformation Group grew 5.6 percent in the first quarter, Relationship Incubation Group reported over 5 percent growth and the Enterprise Group grew by 17 percent YoY

Tech Mahindra sets up oxygen plant at Vivekananda Polyclinic in Lucknow

This is part of the COVID-19 relief initiatives launched by Tech Mahindra.

Tech Mahindra Q1 PAT may dip 20.8% QoQ to Rs. 1,220 cr: Motilal Oswal

Net Sales are expected to increase by 3.4 percent Q-o-Q (up 22.8 percent Y-o-Y) to Rs. 12,530 crore, according to Motilal Oswal.

Tech Mahindra opens campus in Coimbatore, plans to add 1,000 associates in FY23

The new campus will be used to develop technology stack pertaining to Intelligent Automation, Artificial Intelligence, and Robotic Process Automation.

IT Q1 Preview | Strong revenue growth likely, margin pressure seen with high attrition rates

Kotak expects Infosys to maintain full year revenue growth guidance at 12-14 percent in constant currency terms and the EBIT margin band at 21-23 percent.

Tech Mahindra partners with Communisis to aid with digital transformation, strengthen market position in UK

The partnership will enable Communisis to reduce the time to market and operational costs over a multiyear contract through business and technology transformation

Tech Mahindra to acquire 26% stake in Huoban Energy for Rs 1.60 crore

The acquisition would enable the company to procure 5 MW solar energy for consumption at its facilities located in Pune, Tech Mahindra said.