Tech Mahindra is building 5G use cases with US-based hospitals to help manage devices remotely and eventually manage remote surgeries that will require seamless network connectivity.
C P Gurnani, CEO & MD of Tech Mahindra, India's fifth-largest IT services company, tells B Dasarath Reddy that the company is exploring both ways as it looks at bringing in best of the breed technologies to offer to global clients.
Indian benchmark indices, Sensex and Nifty, experienced declines in early trade, primarily due to a surge in crude oil prices and a retreat in Wall Street, as investors reduced exposure to risk assets amidst geopolitical uncertainty. Track Sensex, Nifty on August 7, 2026.
"We have Rs 2,200 crore odd debt which we took to acquire a stake in Satyam... the purpose we are taking this QIP is to retire the high cost debt. My sense is that we are looking at retiring between Rs 500 crore and Rs 1,000 crore of debt," the newly appointed CEO of Tech Mahindra, Sanjay Kalra, said. On Tuesday, the Tech Mahindra board had approved the issue of 1.36 crore shares by way of Qualified Institutional Placement basis.
The firm, which has sacked 1,000 employees, says nothing new about it, laggards weeded out every year, this year is no different
Indian information technology (IT) stocks, led by Infosys, experienced a significant selloff, dragging the Nifty to a two-month low, primarily due to escalating West Asian tensions pushing crude oil prices higher, and concerns over upcoming large IPOs diverting funds from secondary markets. The sector is also grappling with the long-term implications of AI disruption.
Indian benchmark indices, Sensex and Nifty, closed almost unchanged due to profit-taking in blue-chip stocks, geopolitical uncertainties, fluctuating oil prices, and weak Asian market trends, despite cooling US inflation offering some support.
AT&T Inc, the largest telecom services provider in the US, has acquired an 8.07 per cent stake in Pune-headquartered Tech Mahindra for $34.5 million (around Rs 160 crore) by exercising a 2005 option agreement to buy a stake in the company. Its stake at Tuesday's prices on the Bombay Stock Exchange (BSE), however, is worth around Rs 900 crore.
Indian benchmark indices, Sensex and Nifty, bounced back significantly after two days of losses, with the Sensex climbing 443.97 points to settle at 76,922.64, driven by positive global market trends and a drop in crude oil prices.
In the Global Chess League, Ganges Grandmasters ended FYER American Gambits' winning streak with a 9-7 victory, moving to second place. Defending champions Alpine APL Pipers secured their second consecutive win, defeating Ganges Grandmasters 11-6. Key players like Polina Shuvalova, Ian Nepomniachtchi, Vidit Gujrathi, and Koneru Humpy delivered crucial performances, while Magnus Carlsen showcased his endgame prowess with a draw against Nepomniachtchi. PBG Alaskan Knights also registered a comfortable win against CheQ Mumba Masters.
Indian benchmark indices Sensex and Nifty experienced a downturn in early trade, primarily influenced by a dip in HDFC Bank shares, persistent outflows from foreign funds, and escalating geopolitical tensions between the US and Iran. Track Sensex, Nifty performance.
In the next 36 months nearly 25 to 40 per cent of jobs will be under threat from AI and job losses are inevitable.
Indian benchmark indices Sensex and Nifty experienced a significant slump in early trade, mirroring a bearish trend in global equities, as escalating conflict in West Asia drove up crude oil prices and intensified investor concerns.
Indian equity benchmark indices Sensex and Nifty rebounded in early trade, driven by buying in blue-chip stocks and a positive trend in Asian markets, with domestic institutional investors providing crucial support.
Indian stock markets, including the Sensex and Nifty, experienced their third consecutive day of declines, driven by a global selloff, escalating tensions in West Asia, and a subsequent rise in crude oil prices.
Indian benchmark indices, Sensex and Nifty, ended lower in choppy trade, with the Sensex declining 114 points, as investors reacted to unabated foreign fund outflows and rising geopolitical uncertainties.
Indian benchmark indices, Sensex and Nifty, closed almost flat in choppy trade as investors remained cautious due to ongoing uncertainty in West Asia, relentless foreign fund outflows, and anticipation of the RBI's monetary policy decision.
Indian benchmark indices Sensex and Nifty closed largely flat on Monday, recovering from early losses, as escalating tensions in West Asia and a sharp rally in crude oil prices weighed on investor sentiment, despite resilience in IT and consumer durables stocks.
Mahindra & Mahindra Ltd reported a significant 48.5 per cent jump in consolidated profit after tax to Rs 5,259.91 crore in the March quarter, primarily attributed to strong performance in its auto and farm sectors, alongside ambitious plans for new SUV and EV launches.
Sensex gains over 400 points while Nifty trades above 23,800 amid strong IT sector buying.
Tech Mahindra on Monday pipped IT giants Wipro and IBM to bag a Rs 2,000 crore (Rs 20 billion) outsourcing deal spread over 10 years from new telecom player Etisalat DB, which is in the process starting mobile services in India.
In a filing to the Bombay Stock Exchange, Satyam Computer said the last date by which letter of offer will be dispatched to the shareholders has been revised to June nine, from the earlier scheduled date of June three. Further, the last date of withdrawal by shareholders has also been revised to June 26, from the earlier June 27.
Indian benchmark indices Sensex and Nifty extended their losses for a third consecutive day, driven by firm crude oil prices, elevated global bond yields, and significant foreign fund outflows, making investors cautious.
Accenture's revised annual revenue growth forecast and weaker-than-expected fourth-quarter guidance have sent shockwaves through the Indian IT sector, causing major IT stocks and the Nifty IT index to tumble significantly.
Indian benchmark indices, Sensex and Nifty, saw an early rebound after significant losses, driven by value buying, though elevated oil prices and anticipation of the US Federal Reserve's policy decision tempered gains. Track Sensex, Nifty on September 16.
The stock, which was listed at a premium of 44% at Rs 525 (as against the IPO price of Rs 365) on the BSE, hit a high of Rs 569 and a low of Rs 523 on Monday.
Indian benchmark indices Sensex and Nifty experienced a significant decline in early trade, with the Sensex falling over 500 points and the Nifty over 150 points, as Brent crude oil prices surged past USD 100 per barrel due to escalating geopolitical tensions in the West Asia. track sensex, Nifty on July 24.
Indian benchmark indices Sensex and Nifty ended flat on Tuesday, with the Sensex dipping nearly 70 points, as investor sentiment turned cautious ahead of crucial global central bank policy meetings and a significant sell-off in Asian markets.
Rivals like Cognizant Technology Solutions Corp and Infosys Ltd have also sharpened focus on the healthcare sector
Indian benchmark indices, Sensex and Nifty, experienced a sharp decline, with the Sensex tumbling 1,247.71 points and the Nifty settling below 23,100, primarily driven by a significant spike in crude oil prices and weak global market trends.
Indian benchmark indices Sensex and Nifty rallied in early trade, driven by a significant decline in crude oil prices and positive developments on the geopolitical front, alongside strong performance in blue-chip IT stocks. Track Sensex, Nifty on July 2, 2026
Indian equity benchmark indices, Sensex and Nifty, ended marginally lower in a volatile trading session, surrendering early gains due to profit-taking in blue-chip stocks and persistent macroeconomic concerns, despite positive global cues.
Indian benchmark indices, Sensex and Nifty, closed lower due to profit-taking after a four-day rally, influenced by weakness in Asian markets, with Trent shares tumbling over 12 per cent.
Indian equity benchmark indices experienced a significant drop in early trade, with the BSE Sensex falling over 525 points and the NSE Nifty down more than 164 points, primarily due to rising crude oil prices and ongoing uncertainty surrounding the US-Iran conflict.
Indian benchmark equity indices, Sensex and Nifty, experienced declines in early trade due to elevated crude oil prices and persistent geopolitical uncertainties, particularly following the expiry of the US-Iran ceasefire. Track Sensex, Nifty on August 19, 2026.
Indian benchmark indices Sensex and Nifty advanced in early trade, driven by renewed foreign fund inflows and a significant drop in crude oil prices to pre-war levels, signalling an uptrend in the market. Track Sensex, Nifty on July 7, 2026.
Indian benchmark indices, Sensex and Nifty, saw declines in early trade due to escalating crude oil prices and ongoing US-Iran hostilities, which subdued investor risk appetite.
Indian benchmark indices Sensex and Nifty saw a significant rebound in early trade, driven by softer-than-expected US inflation data which has reinforced expectations of a less aggressive monetary policy stance from the Federal Reserve, providing relief to global risk assets.
Essentially, the focus will be on cracking big deals.
Indian benchmark indices, Sensex and Nifty, closed marginally lower due to elevated crude oil prices, fresh US-Iran tensions, and expectations of a tighter monetary policy from the US Federal Reserve, despite strong domestic GDP growth.
