News for 'Tech Mahindra'

IT Majors' Valuations Sink To 5-Year Low

IT Majors' Valuations Sink To 5-Year Low

Rediff.com19 Aug 2025

The combined market capitalisation of the country's top five IT firms that are part of the BSE Sensex is down 24 per cent since January and their valuation has slipped to lowest levels in the past five years.

High tariffs, foreign fund outflows drag Sensex by 272 points

High tariffs, foreign fund outflows drag Sensex by 272 points

Rediff.com29 Aug 2025

Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows.

Strong execution key for Tech Mahindra to achieve 3-year targets

Strong execution key for Tech Mahindra to achieve 3-year targets

Rediff.com6 May 2024

The market could not make a clear assessment of Tech Mahindra with the stock swinging wildly in the last two sessions. The results on Thursday were expected to be weak but the stock dropped slightly. However, investors reviewed the three-year turnaround plan and decided the stock had been oversold and the price recovered 7.5 per cent.

250,000 AI 'Experts' At India's IT Firms

250,000 AI 'Experts' At India's IT Firms

Rediff.com30 Jul 2025

'Advanced skills is such a broad spectrum that a simple prompt engineer to a critical upper end LLM developer are clubbed under one.' 'In addition, some include their non-technical employees who can use AI tools under this talent base.'

Stock markets close higher on buying in Reliance, HDFC Bank

Stock markets close higher on buying in Reliance, HDFC Bank

Rediff.com1 Jul 2025

Benchmark stock indices Sensex and Nifty closed higher in a range-bound trade on Tuesday following gains in Reliance Industries and HDFC Bank. The 30-share BSE Sensex rose by 90.83 points or 0.11 per cent to settle at 83,697.29 with 13 of its constituents closing higher and 17 in the red.

Persistent CEO Sandeep Kalra Tops India Inc Salary Charts

Persistent CEO Sandeep Kalra Tops India Inc Salary Charts

Rediff.com2 Sep 2025

BSE 200 companies together paid 5,819.75 crore as remuneration to their CEOs and directors in FY25, up from 5,352.8 crore a year earlier.

Blue-chip stocks drag Sensex down by 542 points

Blue-chip stocks drag Sensex down by 542 points

Rediff.com24 Jul 2025

From the Sensex firms, Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank, HCL Technologies, and NTPC were among the biggest laggards. However, Eternal, Tata Motors, Sun Pharma, Tata Steel, and Titan were the gainers.

Stock markets end flat in volatile trade

Stock markets end flat in volatile trade

Rediff.com14 Aug 2025

Among Sensex firms, Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj Finserv and Titan were the major gainers. However, Tata Steel, Tech Mahindra, Adani Ports and Bharat Electronics were among the laggards.

Stock markets weather Trump tariff storm

Stock markets weather Trump tariff storm

Rediff.com7 Aug 2025

Among Sensex firms, Tech Mahindra, HCL Tech, Eternal, Axis Bank, Maruti, Tata Steel, HDFC Bank and Asian Paints were the gainers. However, Adani Ports, Trent, Tata Motors, Hindustan Unilever and NTPC were among the laggards.

Trump's $100K H-1B visa hike hits Indian workers hard

Trump's $100K H-1B visa hike hits Indian workers hard

Rediff.com20 Sep 2025

The Trump administration has announced a massive increase in H-1B visa fees, imposing a $100,000 annual charge that will fundamentally alter how American companies hire skilled foreign workers, particularly impacting Indian IT professionals who comprise the largest group of beneficiaries.

From TCS to Wipro, India's top IT companies a gravy train for shareholders

From TCS to Wipro, India's top IT companies a gravy train for shareholders

Rediff.com13 Aug 2025

India's top information- technology (IT) services companies, all cash-rich, have been tightfisted about ploughing back their earnings in new projects or acquisitions and the bulk of the profits have been distributed to shareholders through dividend and share buybacks. In the past 10 years (that is, excluding the current one), the firms have reinvested in growth and expansion only around 13.5 per cent of the cash flow generated from their operations.

Stock markets end lower amid Israel-Iran conflict, rising crude oil prices

Stock markets end lower amid Israel-Iran conflict, rising crude oil prices

Rediff.com17 Jun 2025

From the Sensex pack, Sun Pharma, Eternal, Tata Motors, Bajaj Finance, IndusInd Bank and Bajaj Finserv were among the major laggards. In contrast, Tech Mahindra, Infosys, Asian Paints and Maruti were among the gainers.

LIC's stock portfolio sees Rs 46,000 cr dent in July

LIC's stock portfolio sees Rs 46,000 cr dent in July

Rediff.com5 Aug 2025

Life Insurance Corporation (LIC) , the country's largest domestic institutional investor (DII), has seen a Rs 46,000 crore erosion in the value of its equity holdings amid market downturns in July. The benchmark indices, Nifty 50 and BSE Sensex, have slipped 2.6 per cent from their June 2025-end level to 24,837 and 81,463.09 respectively.

Nokia, Tech Mahindra ink pact for 5G-based solutions

Nokia, Tech Mahindra ink pact for 5G-based solutions

Rediff.com12 Jan 2022

Finnish telecom gear maker Nokia and Tech Mahindra have joined hands to deploy 5G-based solutions for business organisations, according to a joint statement by the two companies. Under the collaboration, Tech Mahindra will leverage Nokia's private wireless DAC (digital automation cloud) solution for customers across industries and facilitate in automating 5G private wireless network management on a cloud computing system and enabling them deploy internet of things like technology.

Bank stocks help Sensex gain 193 points at close

Bank stocks help Sensex gain 193 points at close

Rediff.com4 Jul 2025

From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Consultancy Services, Reliance Industries, Axis Bank and Larsen & Toubro were among the major gainers. However, Trent, Tata Steel, Tech Mahindra and Maruti were among the laggards.

Factors that will guide the markets this week

Factors that will guide the markets this week

Rediff.com13 Jul 2025

In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, the likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts said on Sunday. Moreover, global market trends and trading activity of foreign investors would also guide movement in equities, they said.

Stock markets close higher on firm global trends, foreign fund inflows

Stock markets close higher on firm global trends, foreign fund inflows

Rediff.com11 Jun 2025

From the Sensex pack, HCL Tech, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, ICICI Bank, Tata Motors and Eternal were the lead gainers. Power Grid, Adani Ports, IndusInd Bank, Nestle, HDFC Bank and Hindustan Unilever were among the laggards.

India's top IT cos wrap up Q1 with single-digit topline growth

India's top IT cos wrap up Q1 with single-digit topline growth

Rediff.com28 Jul 2025

India's top IT services firms delivered single-digit revenue growth in April-June, capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decisionmaking. Management commentary painted a mixed picture, caution prevailed, yet industry CEOs also emphasised cost optimisation, vendor consolidation, and opportunities in AI makeovers.

Investors' wealth erodes by Rs 5.98 lakh cr as mkts tumble

Investors' wealth erodes by Rs 5.98 lakh cr as mkts tumble

Rediff.com12 Jun 2025

Investors' wealth eroded by Rs 5.98 lakh crore on Thursday, tracking weak trends in equities where the BSE Sensex tumbled 1 per cent. Benchmark indices Sensex and Nifty declined 1 per cent in tandem with weak global market trends amid growing tensions in the Middle East.

FY26 may be another slow year for IT firms

FY26 may be another slow year for IT firms

Rediff.com1 Aug 2025

The information technology (IT) services industry may be headed for another year of sluggish growth. Based on the results of the top five IT services companies for the first quarter of 2025-26 (Q1FY26), analysts say the possibility of hitting high single-digit revenue growth in FY26 looks unlikely.

IT stocks, weak global trends drag Sensex down 271 points

IT stocks, weak global trends drag Sensex down 271 points

Rediff.com19 May 2025

Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports were the laggards. Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank were among the gainers.

India's BPO Industry Gets AI Makeover

India's BPO Industry Gets AI Makeover

Rediff.com29 May 2025

Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.

Gross office space leasing soars 5% in Q2 of 2025: Cushman & Wakefield

Gross office space leasing soars 5% in Q2 of 2025: Cushman & Wakefield

Rediff.com8 Jul 2025

Fuelled by the global capability centre (GCC) boom, gross leasing of office space across top eight cities soared 5 per cent to touch 21.4 million square feet (msf) in the second quarter of calendar year 2025, according to Cushman & Wakefield's Q2 India Office Market report.

Tech Mahindra eyeing Satyam

Tech Mahindra eyeing Satyam

Rediff.com7 Jan 2009

Software company Tech Mahindra said it may evaluate the telecom business of the Satyam Computer Services for acquisition.

Tech Mahindra buys Hutchison Global Services

Tech Mahindra buys Hutchison Global Services

Rediff.com4 Sep 2012

The acquisition will provide significant enhancement of Tech Mahindra's expertise in the customer management space and will be a key component of strategic plans going forward.

IT Bench Strengths Thin as Skills Evolve

IT Bench Strengths Thin as Skills Evolve

Rediff.com4 Jul 2025

'Keeping a bench increases cost. If you keep a bench, the skills may not remain relevant.' 'In the future, bench strength will literally be zero.'

The Real Reason For The TCS Layoffs

The Real Reason For The TCS Layoffs

Rediff.com5 Aug 2025

While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.

Tech Mahindra's journey with Satyam so far

Tech Mahindra's journey with Satyam so far

Rediff.com10 Apr 2015

After taking over scam-hit Satyam, Techn Mahindra has made many structural changes in the latter to turn it around.

Tech Mahindra gets cracking on Satyam

Tech Mahindra gets cracking on Satyam

Rediff.com9 Apr 2009

"Tech Mahindra is way too dependent on one sector, telecom, and one client," said an analyst. Satyam will not only give it access to different business verticals but also key clients. But Tech Mahindra have been concerned over the recent client loss Satyam has witnessed. Another big concern is the liabilities Satyam will have to face due to the 13 US class-action suits, the unresolved Upaid case, as well as lack of clarity on client and employee details.

M&M Q4 net profit rises 13.34% to Rs 3,541.85 cr

M&M Q4 net profit rises 13.34% to Rs 3,541.85 cr

Rediff.com5 May 2025

Mahindra & Mahindra Ltd on Monday reported a 13.34 per cent rise in consolidated profit after tax at Rs 3,541.85 crore in the fourth quarter ended March 31, 2025 led by good performance from auto and farm equipment sectors. The company had posted a consolidated net profit of Rs 3,124.94 crore in the same quarter of the previous fiscal, Mahindra & Mahindra (M&M) said in a regulatory filing.

Mahindra Satyam merges with Tech Mahindra

Mahindra Satyam merges with Tech Mahindra

Rediff.com25 Jun 2013

The Mumbai-headquartered company now has an employee strength of 84,000 serving 540 clients across 46 countries. Its revenues are at $2:7 billion.

BT to stay invested in Tech Mahindra

BT to stay invested in Tech Mahindra

Rediff.com5 Jul 2011

There were speculations that BT may exit in view of likely merger of Mahindra Satyam and Tech Mahindra.

Why Tech Mahindra has a bright outlook

Why Tech Mahindra has a bright outlook

Rediff.com26 Jun 2013

While the company will gain from enhanced scale and size following the merger with Mahindra Satyam, its ability to bag large deals will be a key growth driver.

Tech Mahindra wins bid for Satyam

Tech Mahindra wins bid for Satyam

Rediff.com13 Apr 2009

According to sources, engineering major L&T had also put in its bid to acquire control of the Hyderabad-based company, while Cognizant has not put in a bid.

AI Challenges Loom Over 20Bn IT Contracts

AI Challenges Loom Over 20Bn IT Contracts

Rediff.com14 Apr 2025

Some major contracts coming up for renewal include TCS' deals with Star Alliance, a consortium of airlines based in Germany, and Nielsen; Infosys' deals with GE Appliances and Daimler; HCLTech's with UK-based life insurer Chesnara; Wipro's with German electric utility company E.ON and Petrobras of Brazil; and Tech Mahindra's with Circle Health.

Tech Mahindra completes Satyam stake acquisition

Tech Mahindra completes Satyam stake acquisition

Rediff.com5 May 2009

IT firm Satyam Computer on Tuesday said its new owner Tech Mahindra has completed the process for acquiring 31 per cent stake in the company.

Tech Mahindra readies for big leap

Tech Mahindra readies for big leap

Rediff.com12 Jul 2013

The company has put in place a new team to scout for opportunities in new verticals and geographies in order to double revenue in two years.

Tech Mahindra plans hub in Chandigarh

Tech Mahindra plans hub in Chandigarh

Rediff.com15 Nov 2007

Leading telecommunications service provider Tech Mahindra will invest Rs 200 crore (Rs 2 billion) to set up a software development centre in Chandigarh.

How US tariffs impact Indian IT services cos in near term

How US tariffs impact Indian IT services cos in near term

Rediff.com3 Apr 2025

Export-led Indian IT sector is not directly hit by Trump's tariff order on goods, but there could be worrisome indirect bearings on it arising out of possible slowdown in decision-making and GDP growth in America over higher tariffs, which may then cloud demand from specific verticals, according to some analysts.

Tech Mahindra IPO: Should you subscribe?

Tech Mahindra IPO: Should you subscribe?

Rediff.com1 Aug 2006

Tech Mahindra IPO is worth subscribing as it is attractively priced