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Tech Mahindra News

19 Oct 2024

Tech Mahindra Q2 Net Profit Jumps 153 Per Cent YOY To Rs 1,250 Crore

The Tech Mahindra scrip settled at Rs 1,688 apiece on the BSE on Friday, down 0.68 per cent from the previous close.

01 Oct 2024

Indian Stocks Dip Slightly As Profit Booking Continues For Third Day

Tech Mahindra, Mahindra and Mahindra, Britannia, Infosys, and Adani Enterprises were the top five movers and Indusind Bank, ONGC, Asian Paints, Bajaj Auto, and Tata Steel were the top five losers among the Nifty 50 stocks, NSE data showed.

06 Jun 2024

Investors' Wealth Climbs Rs 21 Lakh Cr In Two Days Of Stock Market Recovery

In the broader market, the BSE smallcap gauge jumped 3.06 per cent, while the midcap index climbed 2.28 per cent.

24 Mar 2024

Tech Mahindra To Merge Two US-Based Subsidiaries

According to the filing, the turnover of BORN and TMA for the financial year ended 31st March 2023 is USD 55.08 million and USD 1,201.37 million respectively.

07 Feb 2024

Stock Markets Settle Flat In Volatile Trade Before RBI's Interest Rate Call

Among the Sensex firms, State Bank of India rose the most by 3.78 per cent after the bank announced the acquisition of SBI CAPS subsidiary for Rs 708.07 crore.

10 Jun 2023

OpenAI CEO Sam Altman Says India's ChatGPT Attempt Is 'Hopeless'

Tech Mahindra CEO CP Gurnani also responded to Altman's 'challenge' that Indian businesses could not compete with their American counterparts in terms of AI skills.

11 Mar 2023

Former Infosys Prez Mohit Joshi Appointed New MD, CEO Of Tech Mahindra

Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector. Gurnani had joined Tech Mahindra in 2004 and later spearheaded the takeover of scam-ridden Satyam Computers and its merger with Tech Mahindra.

14 Sep 2022

Benchmark index Sensex slumps 224 points snapping four day rally

Sensex closed 224 points down on Wednesday at 60,346.97 points. IT stocks slumped. Infosys dipped 4.53 per cent to Rs 1475. There was good buying support in banking and financial stocks.

11 Aug 2022

Sensex rallies 580 pts in early trade; Nifty tops 17,650

All the Sensex constituents were trading with gains in morning trade. Tech Mahindra was the top gainer in the pack.

Geomatic.Ai Pty

15 Feb 2022

Tech Mahindra to acquire 80% stake in Australian firm Geomatic.AI

Geomatic.Ai Pty is a company incorporated under Australian laws on February 7, 2022 and operates in the field of energy and utilities. The deal has been signed and closed simultaneously, it added.

28 Jan 2022

TCS 2nd most valuable IT services brand globally, 5 other Indian cos in top 25

Accenture retained the title of world's most valuable and strongest IT services brand, boasting record brand value of USD 36.2 billion.

24 Aug 2020

Tech Mahindra joins Niti Aayog to support women entrepreneurs

Tech Mahindra will provide mentorship, co-create solutions leveraging new age technologies and support in developing a go-to-market strategy. Tech Mahindra and WEP will jointly focus on breeding new ideas, identifying gaps. Tech Mahindra will support the women entrepreneurs to build a robust ecosystem for them and help them in long-term business strategies.

25 Jun 2019

Tech Mahindra introduces K2, AI-powered humanoid Human Resource

Tech Mahindra’s first HR humanoid was introduced in its Hyderabad campus, earlier this month.

21 Jun 2019

Tech Mahindra inks deal with Airbus for cabin, cargo design engineering

Karthikeyan Natarajan, global head of engineering and IoT at Tech Mahindra, said the partnership will strengthen the company's aerospace engineering portfolio, especially in areas like cabin engineering and customer services.

29 Oct 2018

Tech Mahindra, Rakuten to set up 5G labs in Tokyo, Bengaluru

The announcement comes on the sidelines of Prime Minister Narendra Modi’s visit to Japan and meeting with Prime Minister Shinzo Abe to further strengthen Indo-Japan business ties.

16 Sep 2018

Tech Mahindra sacks executive after ex-employee complains of discrimination

Tech Mahindra has sacked the employee, who had been accused by a former employee of harassing and discriminating against him on grounds of sexual orientation, according to a tweet by the IT major.

01 Nov 2017

Tech Mahindra quarterly profit surges

Analysts on average had expected a profit of 7.18 billion rupees, according to Thomson Reuters Eikon data.

01 Aug 2017

Tech Mahindra shares jump over 7% after Q1 earnings

The scrip after making a positive opening further gained 7.43 per cent to Rs 413.90 on the BSE. On the NSE, it surged 7.26 percent to Rs 413.90.

16 Jul 2017

Mahindra group to pump in $1 billion in US over next 5 years

The Mumbai-headquartered group, which currently employs around 3,000 people in the country, also plans to double the headcount over the next five years as it looks to expand operations.

08 Jun 2017

IT stocks continue to see selling pressure, down up to 3.6%

IT stocks continued to witness selling pressure for the second straight session Thursday, falling by up to 3.6 percent amid rising concerns as the sector is facing challenges on multiple fronts including stricter visa regime in key markets.

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