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'Tech Mahindra' - 312 News Result(s)

  • Deal Street Sees Rs 27,000-Crore Mergers and Acquisitions in a Week

    Deal Street Sees Rs 27,000-Crore Mergers and Acquisitions in a Week

    With the markets hitting new highs almost every day and an improving business sentiment, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs 27,153 crore in just seven days.

  • Tech Mahindra to Buy US Network Services Operator for $240 Million

    Tech Mahindra to Buy US Network Services Operator for $240 Million

    The acquisition, expected to close by the fourth quarter, will add 20-30 new clients to Tech Mahindra.

  • Tech Mahindra to Buy US-Based Network Services Operator for $240 Million

    Tech Mahindra to Buy US-Based Network Services Operator for $240 Million

    The acquisition, expected to close by the fourth quarter, will add 20-30 new clients to Tech Mahindra, Chief Executive Officer C.P. Gurnani said on a call.

  • Tech Mahindra Gains 4% on Q2 Beat

    Tech Mahindra Gains 4% on Q2 Beat

    Tech Mahindra's dollar revenue grew a robust 5.2 per cent sequentially to $900 million against expectation of 2.5 per cent growth in dollar revenue. Analysts say the beat in dollar revenue growth has positively surprised the Street.

  • Bharti Airtel, Maruti Suzuki, ICICI Bank in Focus Today

    Bharti Airtel, Maruti Suzuki, ICICI Bank in Focus Today

    The Nifty opened flat on Thursday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net buyers of Indian equities to the tune of Rs 786 crore, whereas domestic investors sold stocks worth Rs 507 crore in cash market on...

  • Tech Mahindra Posts Profit of Rs 720 Crore in Q2

    Tech Mahindra Posts Profit of Rs 720 Crore in Q2

    Notwithstanding a healthy rise in revenue, Tech Mahindra on Wednesday reported a marginal growth in September quarter net profit at Rs 719.7 crore as foreign exchange losses impacted the bottom line.

  • Dr. Reddy's Lab, Tech Mahindra, Sesa Sterlite in Focus Today

    Dr. Reddy's Lab, Tech Mahindra, Sesa Sterlite in Focus Today

    The Nifty opened higher on Wednesday tracking positive global markets and futures trade on Singapore Stock Exchange. Both foreign and domestic investors turned net sellers of Indian equities on Tuesday. Foreign investors sold stocks worth Rs 108 cror...

  • Markets Week Ahead: Earnings, Global Events Key as Sentiment Improves

    Markets Week Ahead: Earnings, Global Events Key as Sentiment Improves

    A slew of earnings from blue-chip including Maruti Suzuki and ICICI Bank are expected to set tone for the markets this week.

  • Sensex Up 200 Points, Nifty Hovers Around 8,000

    Sensex Up 200 Points, Nifty Hovers Around 8,000

    Among the Nifty companies Dr Reddy's Lab was the top gainer with 2.4 per cent gains and Hero MotoCorp was up 1.96 per cent on upbeat festive sales.

  • TCS, HCL Tech Sink on Weak Earnings; Sensex Flat

    TCS, HCL Tech Sink on Weak Earnings; Sensex Flat

    IT stocks came under sharp selling pressure on Friday after heavyweights such as after Tata Consultancy Services and HCL Tech tumbled sharply on the back of weak quarterly earnings.

  • Sensex Slumps Amid Global Selloff; Infosys Lifts Sentiments

    Sensex Slumps Amid Global Selloff; Infosys Lifts Sentiments

    As of 2.40 p.m. Sensex was down 271 points at 26,366, while Nifty fell 1.03 per cent to 7,878. Out of the 50 companies in Nifty, 39 shares traded with losses while 11 shares were in green.

  • IT Stocks Gain After Infosys' Earnings Beat Estimates

    IT Stocks Gain After Infosys' Earnings Beat Estimates

    India's Second largest outsourcer, Infosys reported a net profit of Rs 3,096 crore in the September quarter, beating street expectations. The company's board approved an interim dividend of Rs. 30 per share and a bonus issue of one equity share for e...

  • Sensex, Nifty Fall Sharply; Infosys Up 5%

    Sensex, Nifty Fall Sharply; Infosys Up 5%

    As of 9.32 a.m. Sensex was down 291 points at 26,346, while Nifty fell 1.14 per cent to 7,870. Infosys, India's second largest outsourcer gained over 4 per cent as its second quarter earnings were better than the market expectation.

  • At Infosys Q2, Focus likely to be on Vishal Sikka's Strategy

    At Infosys Q2, Focus likely to be on Vishal Sikka's Strategy

    Infosys will report its September quarter earnings on Friday. Infosys quarterly results are closely tracked by market analysts because its numbers often decide the direction of the broader markets. Infosys has the second highest weightage in the Nift...

  • Tech Mahindra, Infosys Sink as IT Stocks Fall

    Tech Mahindra, Infosys Sink as IT Stocks Fall

    Over the last one month, the BSE IT index has been flat as compared to a 4 per cent drop in the broader Sensex. The outperformance over three-month period is even more striking. The BSE IT benchmark is up 12 per cent since July 9 as compared to a 3 p...

  • Sensex, Nifty Choppy; IT Stocks Sink

    Sensex, Nifty Choppy; IT Stocks Sink

    The IT index was down over 3 per cent. Infosys fell over 4 per cent ahead of its earning on Friday as Citigroup downgraded the stock to neutral from buy citing expensive valuation.

  • Infosys Down; Citi Downgrades Ahead of Results

    Infosys Down; Citi Downgrades Ahead of Results

    Citi says Infosys shares trade at around 17 times its 1-year forward earnings after outperforming the market and adds "positives are adequately discounted."

  • Financial Tech Signs New Technology Contract With MCX

    Financial Tech Signs New Technology Contract With MCX

    Financial Technologies India Ltd (FTIL) on Saturday said it has signed a 10-year long-term technology contract with commodity exchange MCX, resulting in a negative impact of nearly Rs 9 crore on its total income for this fiscal year.

  • IT Stocks Gain After Rival Accenture's Results

    IT Stocks Gain After Rival Accenture's Results

    IT stocks gained today after global rival Accenture said it expects better profitability this fiscal year.

  • Nifty Gains for Third Day; TCS, HCL Tech Jump

    Nifty Gains for Third Day; TCS, HCL Tech Jump

    The 50-share index rose 0.2 per cent for the week, its sixth consecutive weekly gain. That was its longest winning run since a more powerful seven-week run between January and end-February 2012.

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