Page 2 - Niit
Stocks to watch: Tata Motors, Thermax, Lupin, Wendt, Edelweiss, Majesco
NIIT will consider buyback of equity shares at its board meeting on December 24
 "Stocks to watch: Tata Motors, Thermax, Lupin, Wendt, Edelweiss, Majesco")
NIIT Tech targets $1 bn revenue a year, plans to expand into healthcare
Current revenue at $600 mn; firm offers no timeline for $1 bn goal but says it will be achieved organically without any acquisitions
 "NIIT Tech targets $1 bn revenue a year, plans to expand into healthcare")
No material changes planned in strategy, vision: Sudhir Singh, NIIT Tech
We believe that we will see a very significant uptick in both revenues and margins on a sequential basis, says CEO SIngh
NIIT Limited declares consolidated results for financial year 2019-20
NIIT Limited declares consolidated results for financial year 2019-20
 "NIIT Limited declares consolidated results for financial year 2019-20")
NIIT and Rio Tinto Extend Their Partnership With a 5-Year Contract Extension
New Delhi/Atlanta, GA, June 9 (ANI/BusinessWire India): NIIT Limited, a global skills and talent development company and leading provider of managed training services, announced today that it has extended its partnership with Rio Tinto, the leading global mining group for another five years.
 "NIIT and Rio Tinto Extend Their Partnership With a 5-Year Contract Extension")
NIIT's Rs 335 crore buyback offer to begin Nov 25, to close on Dec 6
The transaction, which closed in May, saw NIIT Ltd receiving gross proceeds of Rs 2,020.4 crore in cash
 "NIIT's Rs 335 crore buyback offer to begin Nov 25, to close on Dec 6")
NIIT falls 15% as stock turns ex-date for share buyback
On August 10, 2019, NIIT's Board had approved to buyback up to 26.8 million equity shares at Rs 125 per share for Rs 335 crore.
 "NIIT falls 15% as stock turns ex-date for share buyback")
NIIT announces Q1 net profit at Rs 1,090.4 crore; revenue falls 2%
In April this year, funds affiliated with Baring Private Equity Asia (BPEA) bought about 30 per cent stake in NIIT Technologies from NIIT Ltd
 "NIIT announces Q1 net profit at Rs 1,090.4 crore; revenue falls 2%")
NIIT Q4 profit up 18% to Rs 23 crore, revenue rises 8% to Rs 240 crore
NIIT Vice-Chairman and Managing Director Vijay K Thadani said the increase in quarterly profit and revenue was on the back of improved productivity and turnaround in the SNC business
 "NIIT Q4 profit up 18% to Rs 23 crore, revenue rises 8% to Rs 240 crore")
Baring PE's plan to buy 30% stake in NIIT for Rs 2627-cr gets CCI approval
This includes about 14.4 million shares of NIIT and 4.3 million shares held by he families of NIIT founders
 "Baring PE's plan to buy 30% stake in NIIT for Rs 2627-cr gets CCI approval")
Open offer for NIIT Tech to begin from May 31 after acquisition by BPEA
The deal triggered an open offer under which BPEA is slated to make an offer to the public shareholders of NIIT Technologies for purchasing up to 26 per cent additional shareholding
NIIT Tech to buy WHISHWORKS; sell 89% stake in Esri India for Rs 90 crore
WHISHWORKS IT Consulting is an IT services and consulting company specialising in MuleSoft and Big Data technologies
 "NIIT Tech to buy WHISHWORKS; sell 89% stake in Esri India for Rs 90 crore")
NIIT Technologies rejigs organisational structure to sharpen focus
The IT services company has carved out new business verticals and strengthened its leadership team
 "NIIT Technologies rejigs organisational structure to sharpen focus")
NIIT soars over 10% on healthy Q1 results
The stock soared nearly 15% to Rs 103 after the company reported profit at Rs 10.4 crore in Q1FY18.
 "NIIT soars over 10% on healthy Q1 results")
NIIT-led consortium bags 5-year deal worth Rs 750 cr from Canada's RECO
It is a not-for-profit corporation that regulates real estate profession protecting public interest
 "NIIT-led consortium bags 5-year deal worth Rs 750 cr from Canada's RECO")
NIIT Tech net profit down over 47% to Rs 28.6 cr for Q1
NIIT Technologies today reported a 47.5 per cent decline in its net profit for the first quarter of current fiscal at Rs 28.6 crore on account of a one-time provision of Rs 36.1 crore.The company said it has made a provision of Rs 36 crore for amounts outstanding in respect of a government contract, where the programme has been put on hold to resolve project issues.The company though did not share specific details about the project but said it is trying to resolve issues regarding the project.The company had reported a net profit stood of Rs 54.4 crore in the corresponding period last fiscal.Revenues of the firm grow 4.5 per cent to Rs 670.7 crore in the reported quarter from Rs 642.1 crore in the April-June 2015 quarter, as per Indian Accounting Standard."International revenues improved marginally during the quarter, revenues declined sequentially mainly on account of seasonality in our domestic GIS business", said Arvind Thakur, CEO and Joint MD, NIIT Technologies Ltd.During the ...
 "NIIT Tech net profit down over 47% to Rs 28.6 cr for Q1")
NIIT expands presence in China, signs two deals
NIIT first established its presence in China in 1997
 "NIIT expands presence in China, signs two deals")
NIIT March-quarter net at Rs 17.8 cr
Revenue grew 7% to Rs 238.9 crore during the quarter under review
NIIT looks to target digital skills space
Its centres will focus on high-end programmes to generate employable candidates
