Tech Mahindra

Tech Mahindra Files Petition Against Reliance Communications Over Unpaid Dues

Press Trust of India | Saturday October 7, 2017

Reliance Communications said in a regulatory filing that the petitions by Tech Mahindra as "misconceived, premature and motivated by extraneous considerations".

Tech Mahindra Hires 100 Full-Time Employees In The US

Press Trust of India | Friday October 6, 2017

Indian tech firms are facing greater visa-related scrutiny in the US and other key markets like the UK, Australia, New Zealand and Singapore

Mahindra Showcases First-Ever Driverless Tractors

CarAndBike Team | Tuesday September 19, 2017

The new Mahindra driverless tractor was developed at the Mahindra Research Valley in Chennai and the company plans to deployed this technology across Mahindra tractor platforms in due course of time.

Trading Calls: Buy UltraTech , Sell Vedanta, Says Lovelesh Sharma

Tuesday September 5, 2017

Tech Mahindra, IOC, Vedanta, Asian Paints and Tata Steel were the top gainers on Nifty 50, rising in the range of 1.1-7 per cent.

Trading Calls: Buy Ashok Leyland, Vedanta, HDFC Bank, Say Experts

NDTV Profit Team | Thursday August 24, 2017

Infosys was the top gainer in Nifty, up 1.32 per cent. Tech Mahindra and TCS also rose between 0.50-1 per cent.

Sensex Ends 25 Points Higher, Nifty Settles Above 9,900; Infosys Surges 5%

NDTV Profit Team | Thursday August 17, 2017

Infosys buyback also boosted sentiment for other IT stocks. Tech Mahindra gained 1.06 per cent while HCL Tech rose 0.79 per cent.

Sensex Extends Gains; Infosys Surges Over 5% On Buyback Proposal

NDTV Profit Team | Thursday August 17, 2017

Infosys buyback also boosted sentiment for other IT stocks. Tech Mahindra was up 1.8 per cent while HCL Tech rose 1 per cent.

Buy Nifty Futures, Tech Mahindra, SBI, Says Expert

Friday August 11, 2017

Among Nifty stocks, Tata Motors was the top loser, down nearly 4 per cent, on top of yesterday's 8 per cent fall.

IT Layoffs: 11 Tech Mahindra Employees Move Labour Court

Business | Press Trust of India | Friday August 11, 2017

The affected employees have filed petitions under section 2A of the Industrial Disputes Act, FITE Coordinator Elavarasan Raja told PTI. According to section 2A of the Act, any dismissal of an individual workman is to deemed to be an industrial dispute.

IT Stocks Fall On Rupee Strength

Press Trust of India | Wednesday August 2, 2017

Shares of TCS fell by 1.3%, Infosys declined 1.25%, Hexaware Tech dipped 2.17%, Tech Mahindra (0.22%) and HCL Tech (0.05%) on BSE.

Sensex Ends At Record High, Nifty Settles At 10,115; Auto Stocks Outperform

Tuesday August 1, 2017

The Sensex touched an all-time high of 32,632.02 during the session while the Nifty hit a record high of 10,128.60.

Sensex Turns Flat; Banks Fall On Profit Booking

Thomson Reuters | Tuesday August 1, 2017

Shares of Tech Mahindra rose as much as 7.3 per cent after the company reported a better-than-expected rise in quarterly profit on Monday.

Sensex, Nifty Edge Higher; Tech Mahindra Surges 7% On Strong Q1

Tuesday August 1, 2017

Tech Mahindra,the fifth biggest software services exporter of India yesterday post market hours reported a 7 per cent rise in first-quarter profit at Rs 799 crore.

Tech Mahindra Reports 6.5% Rise In Q1 Net Profit

Press Trust of India | Monday July 31, 2017

Revenues of the fifth largest software exporter grew 6 per cent to Rs 7,336.1 crore in the quarter.

Mahindra Group To Invest $1 Billion Across Various Sectors

Press Trust of India | Tuesday July 18, 2017

Tech Mahindra will also double its local hiring in the country. IT major Tech Mahindra plans to hire around 2,200 people in the US this year, same as last year.

Tech Mahindra To Hire Over 2,000 People In US This Year

India News | Press Trust of India | Sunday July 16, 2017

Tech Mahindra, 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.

Allegedly Sacked Tech Mahindra Employees Move High Court Against Ouster

India News | Press Trust of India | Wednesday July 12, 2017

Justice M S Ramchandra Rao on Monday issued a notice to the IT major, asking it to explain as to why a direction to take back the petitioners in service may not be passed.

Tech Mahindra Gets High Court Notice After A Plea by Sacked Employees

Press Trust of India | Tuesday July 11, 2017

The Hyderabad High Court has sought replies from Tech Mahindra and Telangana government after a plea by the four employees.

Anand Mahindra Apologises Over Tech Mahindra Employee's Firing

Press Trust of India | Saturday July 8, 2017

Audio clip of the conversation between the employee and the HR representative of Tech Mahindra went viral on audio distribution platform SoundCloud.

Anand Mahindra Apologises Over Manner Of Techie's Firing

India News | Press Trust of India | Saturday July 8, 2017

Tech Mahindra top brass also apologised after an audio clip went viral, which purportedly involved a conversation of an HR executive of the company asking an employee to put in his papers by next morning.

Volatile Sensex Ends On Flat Note As June F&O Contracts Expire

NDTV Profit Team | Thursday June 29, 2017

Kotak Mahindra Bank was the top Nifty loser, down 2.45 per cent at Rs 948. Tat aMotors, Sun Pharma, Tech Mahindra, TCS, Yes Bank and IndusInd Bank were also among the losers.

Tech Mahindra Unit To Sell LCC Pakistan Stake For $5.2 Million

Press Trust of India | Wednesday June 21, 2017

LCC Pakistan was founded in 2008 and has about 1,000 employees in Pakistan, which becomes TalkPool's largest market.

Sensex Ends 58 Points Lower, Nifty Settles Below 9,650; TCS Falls 4%

NDTV Profit Team | Thursday June 8, 2017

TCS was the biggest loser in Nifty, down 3.6 per cent. Infosys, Wipro, HCL Tech, Tech Mahindra also fell between 0.5-1.5 per cent.

Seven Indian Companies Receive Fewer H-1B Visas in 2016, Claims Report

Press Trust of India | Tuesday June 6, 2017

National Foundation for American Policy said the 9,356 new H-1B petitions for the top seven Indian-based companies approved in fiscal 2016 represent only 0.006 percent of the US labour force.

Layoffs Rile India's Flagship IT Sector

Agence France-Presse | Wednesday May 31, 2017

India's IT sector boomed for more than two decades as Western companies subcontracted work to firms like Infosys, Wipro, and Tech Mahindra.

IT Employees' Forum Petitions Labour Commissioner Over Tech Mahindra Layoff

Press Trust of India | Wednesday May 31, 2017

IT companies have been one of the largest recruiters in the country. However, they have warned that increasing automation of processes would lead to reduction in hiring in coming years.

Tech Mahindra Share Price Rises After Monday's Selloff

NDTV Profit Team | Tuesday May 30, 2017

Shares of Tech Mahindra rose as much as 1.84 per cent to hit intraday high of Rs 386.30 in today's session after Monday's sharp selloff.

An Indian IT Giant Warns Trump's 'Radical Shift' To Hurt Industry

India News | Saritha Rai, Bloomberg | Monday May 29, 2017

Tech services companies, including Cognizant Technology Solutions, have been cutting positions in India. Some workers have blamed Trump for prompting the job losses and exacerbating problems in the industry.

Tech Mahindra Shares Tank 17%, Shareholders Lose Rs 7,000 Crore

Monday May 29, 2017

Mumbai-based Tech Mahindra's operating margin fell to 12 per cent in the March quarter, from 16.7 per cent a year earlier, following a $20 million hit from the company's exit from a networking business contract.

Nifty Settles Above 9,600 For First Time, Sensex Extends Record Run

NDTV Profit Team | Monday May 29, 2017

Sun Pharma and Tech Mahindra shares were among the top losers in the Nifty on weak March quarter earnings.