IT services firm Tech Mahindra has announced a collaboration with AI coding platform SpaceXSI to help global enterprises modernise legacy applications, accelerate software delivery, and improve developer productivity through AI-assisted engineering across the software lifecycle. The partnership aims to embed AI intelligence across the software development lifecycle for better business outcomes, focusing on sectors like technology, telecommunications, and banking.
Indian benchmark indices Sensex and Nifty traded lower in early sessions due to profit-taking and significant foreign institutional investor (FII) outflows, despite strong performance from IT stocks like Tech Mahindra. Track Sensex, Nifty on October 16.
Indian benchmark indices Sensex and Nifty saw an early rebound, driven by strong performances from blue-chip HDFC Bank and major IT firms like HCL Tech, which reported a significant rise in net profit. Track Sensex, Nifty on October 13.
Indian benchmark indices Sensex and Nifty saw a rebound in early trade, primarily driven by a more than 4 per cent surge in Tata Consultancy Services (TCS) shares following its robust Q2 net profit announcement. Track Sensex, nifty on October 9.
Indian benchmark stock indices, Sensex and Nifty, experienced a significant drop on Monday, with the Sensex falling by nearly 548 points, primarily due to a fresh spike in crude oil prices, persistent foreign fund outflows, and rising bond yields.
Indian benchmark indices Sensex and Nifty saw a sharp rebound in early trade, driven primarily by a rally in IT stocks and a decline in crude oil prices, even as global markets faced selling pressure due to US inflation concerns. Track Sensex and Nifty on
Indian benchmark indices Sensex and Nifty closed higher for the second consecutive day, primarily driven by robust buying in IT stocks following strong quarterly results and positive global trends. Tech Mahindra notably surged over 8% after reporting a significant jump in net profit.
Indian benchmark stock indices, Sensex and Nifty, rallied significantly, with Sensex jumping over 1,500 points and Nifty reaching a nearly three-week high, driven by strong buying in banking, IT, and Reliance Industries stocks, alongside easing crude oil prices.
Indian benchmark indices Sensex and Nifty opened higher, extending their previous session's rally, driven by a decline in global oil prices, despite continued selling by Foreign Institutional Investors.
Indian benchmark indices, Sensex and Nifty, recovered early losses on Wednesday, driven by strong buying in IT stocks and HDFC Bank, sustaining the previous session's recovery despite FII outflows. Track Sensex, Nifty on October 14.
Indian IT stocks have experienced their most significant weekly surge in 18 years, with the Nifty IT index climbing 11.72 per cent, as a global sell-off in AI-linked equities redirected investor attention towards India's IT services sector. This shift aligns with a JP Morgan report identifying India as a 'natural AI hedge' due to its large, liquid market and strong domestic institutional investor base.
Indian equity benchmarks Sensex and Nifty rallied up to 1 per cent in early trade, driven by strong performance in IT stocks, Reliance Industries, and favourable global market sentiment, rebounding from previous losses.
Indian equity benchmark indices extended losses for a second consecutive session, with the Sensex dropping 143 points, driven by a sell-off in power, banking, and financial stocks, coupled with elevated crude oil prices and persistent FII selling.
Indian benchmark stock indices, Sensex and Nifty, closed lower due to profit-taking, a spike in wholesale price-based inflation, and firm crude oil prices, despite some support from easing intraday crude oil prices and rupee appreciation.
Indian equity benchmarks, the Sensex and Nifty, opened higher on Friday, driven by a strong rally in IT stocks, despite a significant overnight decline in US technology shares and broader Asian markets. Experts anticipate further market support from falling US bond yields, a strengthening rupee, and a substantial liquidity inflow following the Jio Platforms IPO allotment. Track
IT major Tech Mahindra reported a 28.4 per cent increase in consolidated net profit for the June quarter, reaching Rs 1,465 crore, driven by broad-based growth across manufacturing and financial services, and expressed confidence in a positive demand environment for the rest of the year.
IT firm Tech Mahindra announced a 16 per cent increase in its consolidated net profit to Rs 1,353.8 crore for the January-March quarter of FY26, with revenue from operations rising 12.6 per cent to Rs 15,076.1 crore, driven by an accelerated transition to an AI-led organisation and record deal wins.
Indian benchmark indices, Sensex and Nifty, extended their rally in early trade, driven by strong buying in bank stocks, Reliance Industries, and positive global cues, despite foreign institutional investors offloading equities.
Indian benchmark indices, Sensex and Nifty, ended marginally lower after recovering from sharp intraday losses, driven by cooling crude oil prices and buying interest in HDFC Bank and IT sector stocks.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the Reserve Bank of India's (RBI) recent repo rate hike and its signal for continued monetary tightening, coupled with rising crude oil prices and foreign fund outflows. Track Sensex, Nifty on October 8.
Indian benchmark indices Sensex and Nifty rebounded in early trade after two days of losses, driven by easing crude oil prices and strong buying in blue-chip IT stocks, despite continued global uncertainties. Track Sensex, Nifty on September 30.
Indian chess prodigy Divya Deshmukh, an Arjuna Award recipient, is set to make her debut in the Tech Mahindra Global Chess League Season 4 with defending champions Alpine Pipers. She will join a star-studded team including Magnus Carlsen, Anish Giri, and Vidit Gujrathi, expressing excitement for the rapid chess format and playing in front of a home crowd.
Bengaluru is set to host a FIDE-rated Rapid Chess tournament featuring up to 1000 players, serving as a prelude to Season 4 of the Tech Mahindra Global Chess League (GCL). The tournament offers a Rs 4 lakh prize purse and a chance for participants to experience the build-up to the GCL, which will feature top chess stars like Magnus Carlsen and Viswanathan Anand.
Indian stock markets, including the Sensex and Nifty, experienced a significant tumble in early trade, driven by escalating tensions in West Asia that pushed crude oil prices close to the USD 100-per-barrel mark, alongside selling in IT stocks and fresh foreign fund outflows.
Indian benchmark indices Sensex and Nifty experienced volatile trading, influenced by elevated crude oil prices, high US bond yields, and selling pressure in IT stocks, despite an early rebound.
Indian benchmark equity indices extended their losing streak for a fourth consecutive day, with the Sensex tumbling 417 points due to rising crude oil prices and a significant sell-off in IT stocks, impacting overall investor sentiment.
Indian benchmark indices Sensex and Nifty opened higher, extending gains from the previous session, driven by a rally in global markets and a slight cooling in crude oil prices. Optimism around a potential meeting between US and Iranian presidents also contributed to positive sentiment.Later both indices pared gains and were trading in red. Track Sensex, Nifty on September 22.
The benchmark Sensex plummeted 813 points to a three-month low, with the Nifty settling below 23,450, as escalating tensions in West Asia drove crude oil prices above USD 100 per barrel, leading to widespread selling in IT, FMCG, financial services, and oil & gas shares.
Indian benchmark equity indices, Sensex and Nifty, opened higher on Monday, driven by strong buying in blue-chip stocks like HDFC Bank and Infosys, despite persistent geopolitical tensions and elevated crude oil prices.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade after two days of losses, driven by strong buying in blue-chip IT stocks and a rally in global markets.
Indian benchmark indices, Sensex and Nifty, experienced a significant drop in early trade, with the Sensex falling over 600 points, primarily due to crude oil prices surging past the USD 100 per barrel mark and weak global market trends. Track Sensex, Nifty on September 24.
Indian benchmark indices Sensex and Nifty rebounded on Wednesday, driven by value buying in banking stocks and select heavyweight counters, with the Sensex climbing 332.63 points and the Nifty ending above 23,200.
Indian benchmark equity indices, Sensex and Nifty, rallied in early trade, driven by positive global market trends and easing crude oil prices, despite the US Federal Reserve's hawkish stance tempering overall sentiment. Track Sensex, Nifty on September 18.
Indian benchmark indices, Sensex and Nifty, closed lower on Wednesday, reversing early gains due to profit-taking and weakness in sectors like IT, FMCG, and consumer durables, despite support from lower crude oil prices.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade, influenced by rising crude oil prices and ongoing geopolitical tensions in West Asia. Experts suggest that crude oil remains a primary concern, with Brent holding near USD 88 a barrel due to renewed US warnings against Iran, embedding a geopolitical risk premium in energy markets. Track Sensex, Nifty
Indian benchmark indices, Sensex and Nifty, traded marginally higher in early trade despite the US Federal Reserve's recent rate hike and indications of further tightening, with the National Stock Exchange's much-anticipated Rs 22,569-crore IPO also opening for subscription.
Indian benchmark indices Sensex and Nifty rallied in early trade, primarily driven by strong buying in IT stocks after Tech Mahindra reported a significant 28.4 per cent rise in its consolidated net profit for the June quarter.
Indian benchmark indices, Sensex and Nifty, closed higher on Thursday, breaking a three-day losing streak, driven by late buying in financial heavyweights like HDFC Bank and Axis Bank, despite persistent geopolitical tensions and crude oil prices exceeding USD 100 per barrel.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.
Indian benchmark indices, Sensex and Nifty, traded flat in early deals due to elevated crude oil prices exceeding USD 100 per barrel and persistent geopolitical tensions, which subdued investor risk appetite.
