Page 2 - Tech Mahindra Ltd News

Nifty IT soars 2% amid positive US job data, rebound in global markets

The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.

Tech Mahindra, Horizon3.ai come together to provide AI-based cybersecurity

IT company Tech Mahindra on Tuesday said it has partnered with Horizon3.ai, a San-Francisco based provider of autonomous security solutions, to offer AI-based cybersecurity solutions to global customers. The partnership will integrate Tech Mahindra's cybersecurity services with Horizon3.ai's NodeZero platform, offering threat detection, AI-powered pen-testing, and Governance, Risk, and Compliance (GRC) insights. "The partnership will combine Tech Mahindra and Horizon3.ai's cybersecurity domain expertise and global reach to drive innovation, excellence, and proactive defence. It will provide customers with the tools and expertise needed to safeguard their digital assets," a company statement said. Customers will get real-time vulnerability assessments, enabling prompt identification and remediation of vulnerabilities, it added. The enhanced compliance and cost-effective capabilities will ensure organisations meet regulatory standards and access scalable, advanced penetration testing

Tech Mahindra Q1 results: Net profit up 23% on cost action; still a miss

The company's revenue beat Bloomberg estimates, but missed on the net profit level

Tech Mahindra adopts Microsoft Co-pilot GenAI tool to 'modernise workplace'

IT company will also deploy GitHub Copilot for 5,000 developers, expecting a 35-40 per cent boost in productivity

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

AI to usher in era of technological prowess: Tech Mahindra Chairman

IT firm to follow 'three-pronged' strategy for revenue and profitability predictability, says Mohit Joshi

Tech Mahindra launches indigenous LLM Indus in collab with Dell and Intel

Initially the LLM will support Hindi language and more than 37 of its dialects