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Tech Mahindra News
Tech Mahindra bets big on 5G services, sets up lab in Bengaluru
Sun, Feb 25, 2018
C P Gurnani, CEO and Managing Director of Tech Mahindra, said the company has already re-skilled about 30,000 of its employees in handling emerging technologies, and added that the remaining 75,000 employees will be re-skilled by the end of the current calendar year..
Sensex barely holds 34,000 at close, down 287 points, Nifty tests 10,450
Fri, Feb 16, 2018
The S&P BSE Sensex and Nifty50 ended lower on Friday as gains in IT stocks were offset by losses in banking stocks, with Punjab National Bank plummeting further in a sell-off triggered by a Rs 11,500 fraud reported by the state-run lender earlier this week.
HDFC, Tech Mahindra among 10 stocks brokerages recommend 'buy' post Q3
Tue, Jan 30, 2018
Benchmark indices slipped into the negative territory today following the Economic Survey for 2017-18
Are IT stocks next lucrative picks?
Wed, Jan 24, 2018
IT is the most undervalued sector in current market, there will be a lot of sectoral rotation with money moving out of inflated sectors particularly NBFCs, says an analyst
Nifty hits 11,000 for first time ever, jumps 1000 points in 75 sessions
Tue, Jan 23, 2018
The Nifty50 had hits its previous milestone of 10,000 on July 25, 2017. As many as 23 stocks rallied over 10 per cent during the same period.
Automation, US visa issues impact Indian IT jobs for the first time in H1 FY18
Fri, Nov 03, 2017
This is the first time it has fallen to record low employment levels since the IT industry had put India on the global map for software services.
Indian equity indices open in green post Ease of Doing Business ranking
Wed, Nov 01, 2017
Key equity markets opened higher with Nifty-50 and Sensex trading in green.
Govt needs to incentivise buying e-vehicles: Anand Mahindra
Sun, Jul 16, 2017
In an interview with PTI here, Mahindra said that due to very high battery cost, there is still reluctance on the part of consumers to go for electric cars.
Tech Mahindra to hire over 2,000 people in US this year
Sat, Jul 15, 2017
The Mumbai-based company, which has over 6,000 people working for over 400 clients in the US, has been recruiting resources out of colleges in the US over the past four years.
Anand Mahindra apologises over techie's firing
Sat, Jul 08, 2017
At the end of December 2016,Tech Mahindra had over 1.17 lakh employees.
Tech Mahindra's step-down subsidiary LCC Middle East FZ announces to sell 100% stake in LCC Pakistan
Wed, Jun 21, 2017
Tech Mahindra's step-down subsidiary LCC Middle East FZ LLC will sell its 100% shareholding in LCC Pakistan to Talkpool AG and the deal is expected to be completed by October 31 this year.
It's possible for us to protect jobs of youngsters if senior execs take salary cuts, says Infosys' N R Narayana Murthy
Fri, Jun 02, 2017
Speaking to a news channel on the ongoing layoffs into the IT industry, Infosys co-founder N R Narayana Murthy said that it was possible for all IT companies to protect the jobs of youngsters if their senior management executives take some salary cuts.
Market LIVE: Nifty trades in green, Sensex up 47 points
Tue, May 30, 2017
Live coverage of BSE Sensex, NSE Nifty and real-time updates of India Inc.
Tech Mahindra's stocks fall nearly 17% in early trade after posting 33% decline in Q4 profit
Mon, May 29, 2017
After posting nearly 33% decline in its Q4 profit for FY17, the stocks of IT major Tech Mahindra fell down about 17% in the early trade on Monday.
Top Indian IT cos like TCS, Infosys, others will lead in digital business, says recruitment firm Head Hunters India
Sun, May 28, 2017
Executive search firm Head Hunters India Founder and MD Kris Lakshmikanth told PTI that he firmly believes top companies including TCS and Infosys to lead India in the digital business further adding that these companies have clearly understood the dramatic change and the challenges of going digital more than two years back.
Tech Mahindra's net profit declines by 33% in Q4; declares dividend
Fri, May 26, 2017
Vineet Nayyar, Vice Chairman of Tech Mahindra said, "IT the world over is going through a major shift with demand patterns changing constantly. Most businesses are also battling the geopolitical uncertainties and as a digital transformation company, we see these as huge opportunities in the future."
Earnings, global cues to set trend this week; stocks may see volatility
Sun, May 21, 2017
Indian stock markets this week are likely to witness volatility in the midst of derivatives expiry, global cues alongwith quarterly earnings of blue-chips such as Tata Motors, ITC, and Sun Pharma.
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.
How a stronger Indian Rupee can hamper your career in India's IT sector
Fri, May 19, 2017
Samir Tripathi, analyst, ICICI research said, “Overall Rupee trajectory over a one year time frame is expected to be stronger than the one-year forward rates. From medium term perspective, we expect rupee to trade around 65.50 levels by March 2018 – with a variation of around 2%.”
Amidst ‘robust’ layoff rumours nine IT companies in India make it to LinkedIn’s Top Companies 2017 list
Thu, May 18, 2017
Despite rumours of massive layoffs and a bleak future at IT companies considering automation and protectionist attitudes of the west, Indians are still looking for jobs in these companies.