Diabytes
Tech Mahindra News
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Tech Mahindra reported a total headcount of 148,517 employees in the first quarter, an increase of 897 people from the same quarter the previous year.
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The financial service firm sees some sort of modification in Infosys’s FY26 sales growth guidance and soft growth in the top six large-cap IT companies.
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The Tech Mahindra scrip settled at Rs 1,688 apiece on the BSE on Friday, down 0.68 per cent from the previous close.
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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.
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In the broader market, the BSE smallcap gauge jumped 3.06 per cent, while the midcap index climbed 2.28 per cent.
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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.
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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.
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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.
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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.
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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.
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All the Sensex constituents were trading with gains in morning trade.
Tech Mahindra was the top gainer in the pack.
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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.
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Accenture retained the title of world's most valuable and strongest IT services brand, boasting record brand value of USD 36.2 billion.
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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.
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Tech Mahindra’s first HR humanoid was introduced in its Hyderabad campus, earlier this month.
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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.
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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.
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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.
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Analysts on average had expected a profit of 7.18 billion rupees, according to Thomson Reuters Eikon data.
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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.
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