Techmahindra

Nifty IT sharply down on selloff after Fed's inflation, tariff view; Wipro sole gainer on upgrade

IT stocks: US Fed Chair Jerome Powell said that he expects 'meaningful' inflation ahead. This will likely reduce the discretionary demand for US consumers, which may affect these IT firms.

No reason why we shouldn’t be the best performing organisation: Mohit Joshi, Tech Mahindra | Davos 2024

‘No reason why we shouldn’t be the best performing organisation’, said Mohit Joshi, CEO of Tech Mahindra. At Davos 2024, Moneycontrol’s Chandra Srikanth spoke to Mohit Joshi, where he shared details from his first six-month journey as the CEO of Tech Mahindra. He said the company is optimistic about its growth and revenue. He also added that Tech Mahindra will be working on its revenue and margins. To know more about the insights he shared, watch this video.

From Zoho to Tech Mahindra: Where are India's AI startups headed? Watch

India was fast react to the challenge thrown by Sam Altman for creating our own version of ChatGPT. But With funding taps running dry and the idea of AI washing coming to the fore, do indian startups actually stand a chance. What are the challenges Indian AI startups face. StacyPereira89 discusses this with Atul Rai, Co-founder & CEO, Staqu Technologies & Gaurav Singh, Founder, Verloop.io and Anurag Ramdasan, Partner, 3one4 investments. Tune In!

Tech Mahindra’s Q4 net profit slides 27% to Rs 1,125 crore, big miss on margins

An average estimate of brokerages polled by Moneycontrol had expected the post-tax profit to rise 3 percent on a sequential basis but decline 11 percent annually to Rs 1,336 crore

LIVE | Tech Mahindra Q4 FY23 Earnings | Results, Management Commentary

Tech Mahindra announces its Q4 and annual results today. Catch management commentary and outlook for FY24 live on Moneycontrol

With less legacy drag, mid-cap IT companies shine in third quarter

The growth figures in the December quarter speak for the trend- Mindtree reported a 13.4 percent growth in third-quarter net profit sequentially, Persistent Systems saw a sequential rise of 11.94 percent in its consolidated net profit.

Nifty ends at 8114, Sensex soars 456 pts; TCS, Infosys up 5%

Buying interest continued in afternoon trade that pushed equity benchmarks as well as broader markets higher by around 1.5 percent. Technology was the leader in the buying list, followed by FMCG and pharma stocks.

Tech Mahindra Q2 profit down 19%, constant currency growth at 5%

Software solutions provider Tech Mahindra's second quarter profit fell by 19.2 percent sequentially to Rs 643.4 crore, impacted by sharp fall in other income and partly by weak operational performance.

Tech Mahindra Q2 net seen down 12%, Pininfarina may aid revenue

Software services provider Tech Mahindra's second quarter profit is likely to fall 12.5 percent sequentially to Rs 697 crore, according to analysts polled by CNBC-TV18.

Paytm plans to launch payments bank by March

Paytm founder and CEO Vijay Shekhar Sharma was one of the two individuals, besides nine other entities including Reliance, Vodafone, Airtel, Birla and TechMahindra, among others, which have been granted in-principle nod to set up payments banks by Reserve Bank last month.

Cautious on Infosys; invest in HCL Tech: Dipen Sheth

Dipen Sheth of HDFC Securities said he would invest in Tech Mahindra and HCL Technologies now, but he was cautious on Infosys.

Emkay expects inline Q2 qtr from Tier I IT services

Emkay Global Financial Services expect a an inline Q2 quarter from our Tier I IT services coverage universe with marginal cross currency gains (20-30 bps QoQ benefit) driving a 2.2-4.1% QoQ US$ revenue growth with Wipro at the lower end (+2.2% QoQ) and TCS (+4.1% QoQ) at the upper end.