Tech Mahindra

Tech Mahindra aiming for bigger bite of bank tech spends, says CEO

Mohit Joshi, who took the helm of India's No.5 software services exporter in December 2023 wants to increase the share of BFSI in Tech Mahindra's revenue mix by up to 25 per cent by March 2027

Tech Mahindra, ServiceNow collaborate to offer Gen AI management solutions

Tech Mahindra on Thursday said it has collaborated with American software firm ServiceNow to launch the One E2E Platform, a GenAI-powered enterprise service management solution. The platform will help enhance operational efficiency and competitiveness for businesses across various industries, by integrating GenAI capabilities into their business-critical processes and modernising infrastructure to be future-ready, a company statement said. The One E2E Platform will incorporate advanced analytics, GenAI and automation to optimise network operations, facilitating business growth, it said. "Businesses are grappling with multiple challenges in their digital transformation journey, such as technological advancements and cost reduction while improving service quality. By integrating GenAI with our industry expertise, we aim to tackle these issues and enhance customer experiences through our One E2E Platform," Tech Mahindra COO Atul Soneja said. Shares of Tech Mahindra were trading 1.72 p

Nifty IT index hits record high on December 10: Here's what drove the rally

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high

At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.

Dividend stocks: NTPC, Tech Mahindra, & 11 others to remain in focus today

Here is the complete list of companies whose shares will turn ex-dividend date tomorrow along with other key details

Ajit Mishra of Religare Broking suggests buying this stock on October 24

Markets remained volatile and ended slightly lower, taking a breather after Tuesday's decline

Tech Mahindra boosts workforce by 6,653 in Q2, headcount climbs to 154,273

As of September, Tech Mahindra's employee count rose to 154,273 from 147,620 last quarter, while attrition slightly increased to 10.6 per cent, with IT attrition at 11 per cent

Tech Mahindra share hits fresh 52-wk high as Q2 profit zooms 47%

The Tech Mahindra scrip rose as much as 4.34 per cent to hit a fresh 52-week high of Rs 1,761.30 per share.

Tech Mahindra Q2FY25 results: PAT up 153% to Rs 1,250 cr, revenue up 3.5%

IT services firm Tech Mahindra on Saturday reported a more than two-fold jump in its consolidated net profit to Rs 1,250 crore for the July-September quarter, driven by special income from the sale of assets. The Mahindra Group company posted a net profit of Rs 493.9 crore in the year-ago period, according to an exchange filing. Revenue rose by 3.49 per cent to Rs 13,313.2 crore in the second quarter of 2024-25 compared to Rs 12,863.9 crore in the same quarter of 2023-24. Other income includes gain on sale of property of Rs 4,502 million which comprises of freehold land and its related buildings along with the furniture & fixtures sold for a consideration of Rs 5,350 million, receivable over a period of four years along with interest of 8.2 per cent p.a, the company filing said. Sequentially, net profit rose by 46.81 per cent and revenue by 2.36 per cent. "We continue to progress on our strategic improvement efforts even as the overall IT services industry has remained soft. "We

TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results?

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

IT stocks sparkle: Nifty IT Index gains 1.7% ahead of Q2 results

Among the constituent of the Nifty IT index, L&T Technology Services shares surged 2.76 per cent intra-day on Friday, Infosys shares gained 2.17 per cent, and Coforge stock climbed 2.47 per cent

TechM's opening move with Global Chess League to popularise chess

Fan Nxt, TechM's platform, will provide answers to these questions by offering fans an interactive experience through AI, augmented reality, and even virtual reality

Infy, TCS, LTIM: Pivot levels to track on IT stocks as Fed readies rate cut

The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.

Tech Mahindra, Marshall partner to drive advancement in aerospace, defence

IT major Tech Mahindra on Thursday said it has inked a pact with UK-based engineering service provider Marshall Group to combine their digital solutions and engineering capabilities to spur advancements in aerospace and the defence industry. Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies. Marshall will also make use of Tech Mahindra's suite of data analytics and intelligent field support technologies to enhance its infrastructure solutions' operational efficiency and reliability. "Combining Tech Mahindra's global engineering and technology capabilities with Marshall's rich heritage and specialised knowledge, we are poised to create a powerful collaboration to drive innovation, deliver exceptional customer value, and enable the industry to scale at speed," Narasimham R V, President, Engineering Services,

Former Tech Mahindra India President Mitra launches a new venture

Humanize is a GenAI-first SaaS venture that also integrates low code/no code solutions

MCX, Lupin, TechM, Trent among 5 F&O stocks to Buy ahead of August expiry

Granules, MCX, Colgate, Trent, Dr.Reddy's, Glenmark Pharma, Voltas, Lupin, Tech Mahindra, Coromandel International and Balrampur Chini among F&O stocks are holding a PCR in excess of 1, shows F&O data

Tech Mahindra shares reach 52-week high after 103 acre land sale: details

Shares of Tech Mahindra soared up to 2.48 per cent, hitting its 52-week high at Rs 1,634.25 per share on the BSE in Tuesday's intraday trade

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

India's top 5 IT firms continue headcount decline for 7th straight quarter

In the first quarter of FY25 ending June 30, the total number of employees at Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra fell by 2,034 compared to the previous quarter

Stocks to Watch, July 26: Tech M, Cipla, UBL, Power Grid, Sobha, Sanstar

In Asia, Japan's Nikkei traded up 0.27%, Hong Kong's Hang Seng rose 0.85%, and South Korea's Kospi increased 0.90%, while Shanghai Composite and Asia Dow traded flat on Friday morning.