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NIIT Technologies News
Coforge share price: Axis Securities initiates coverage with a BUY rating and Target Price of Rs 3200
Mon, Mar 29, 2021
Axis Securities has initiated coverage on Coforge with a BUY rating and Target Price of Rs 3200, implying an upside of 16% from the current levels. Axis Securities says it belives Coforge is well placed to bounce back post the COVID-19 pandemic. Coforge share price closed at 2796, up Rs 45 or 1.6% in last session.
NIIT Technologies shares jump 19.53 pc after Q4 earnings
Wed, May 06, 2020
NIIT Technologies on Tuesday reported a 11.4 per cent rise in consolidated net profit at Rs 113.6 crore for the March 2020 quarter and said strong tech capabilities and sharp execution helped the company in winning large deals.
Hulst BV acquires 1.6 lakh shares of NIIT Technologies
Mon, May 27, 2019
Hulst BV has acquired additional 1.6 lakh shares of NIIT Technologies from the open market, taking its shareholding in the mid-sized Indian IT firm to 32.38 per cent, a regulatory filing said Sunday.
Baring Private Equity Asia acquires 30 pc stake in NIIT Technologies
Sun, May 19, 2019
Baring Private Equity Asia (BPEA) has acquired 30.50 per cent stake in mid-sized software services firm NIIT Technologies Ltd for about Rs 2,627 crore, a regulatory filing said Saturday.
NIIT Tech Q4 net profit up 22.5%
Sat, May 04, 2019
"Consequent to recent judicial pronouncement in Australia, company has reassessed its position pertaining to applicability of GST, Fringe benefit tax and royalty tax in our acquired entity in Australia. Basis the reassessment, the company has filed voluntary disclosure with the Australian tax authorities. The impact of the same has been booked as exceptional items amounting to Rs 56 million and Profit after tax for the quarter is reflective of the same," the company said in a statement.
NIIT Tech set to acquire WHISHWORKS; sell stake in Esri India Technologies
Sun, Apr 07, 2019
NIIT Technologies also signed a definitive agreement for selling its entire 88.99 per cent stake in Esri India Technologies Ltd to Environmental Systems Research Institute, Inc (Esri, Inc).
NIIT Tech Q2 net profit jumps 66 pc to Rs 111.8 cr
Wed, Oct 17, 2018
NIIT Technologies Wednesday reported 66.3 per cent jump in net profit to Rs 111.8 crore for the quarter ended September 30, 2018, driven by strong demand across sectors like BFSI and travel and transportation.
NIIT Q1 net profit up 73% to Rs 17.9 cr
Thu, Jul 26, 2018
"NIIT's Corporate Learning Group business (CLG) continues to drive growth. It grew 28 per cent year-on-year during the quarter, added one new MTS customer and expanded operations with an existing client," NIIT Vice Chairman and Managing Director Vijay K Thadani said.
Rupee appreciation likely to hurt margins of TCS, Infosys, others in Q1 FY18: Experts
Sat, May 20, 2017
The appreciation of Indian rupee is likely to hurt margins of Indian IT companies likes TCS, Infosys, Wipro, among others Q1 of FY18 as their services are billed in global currencies mainly in the US dollar and strengthening of the currency will lower their export earnings.