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.
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.
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.
Prabhudas Lilladher recommended hold rating on Tech Mahindra with a target price of Rs 1042 in its research report dated July 26, 2022.
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.
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.
Supply-side constraints and macro uncertainties weigh on the margins of IT companies 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
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.
The consolidated revenue for the quarter jumped 24.6 percent from Rs 10,198 crore achieved during the same period last year.
Deal wins for Q1 stood at $802 million, in line with management expectations
Tech Mahindra had added around 6,106 new hires in Q4FY22 and 5,209 in the same quarter last year.
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
The deal wins for the quarter ended June 2022 could be in the range of $750-800 million, the brokerages said.
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.
The company had a strong booking with 16 deals across life sciences, healthcare, manufacturing, financial services and technology segments.
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
This is part of the COVID-19 relief initiatives launched by Tech Mahindra.
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.
The new campus will be used to develop technology stack pertaining to Intelligent Automation, Artificial Intelligence, and Robotic Process Automation.
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.
The partnership will enable Communisis to reduce the time to market and operational costs over a multiyear contract through business and technology transformation
The acquisition would enable the company to procure 5 MW solar energy for consumption at its facilities located in Pune, Tech Mahindra said.