Edition:
India

Tech Mahindra Ltd (TEML.BO)

TEML.BO on Bombay Stock Exchange

552.90INR
3:53pm IST
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Rs5.35 (+0.98%)
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Open
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Latest Key Developments (Source: Significant Developments)

India's Tech Mahindra Reports Lower Profit In March-Quarter
Thursday, 30 Apr 2020 

April 30 (Reuters) - Tech Mahindra Ltd ::MARCH-QUARTER CONSOL NET PROFIT 8.04 BILLION RUPEES VERSUS 11.33 BILLION RUPEES YEAR AGO.MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 94.90 BILLION RUPEES VERSUS 88.92 BILLION RUPEES YEAR AGO.RECOMMENDS FINAL DIVIDEND OF 5 RUPEES PER SHARE.DEMAND TRACTION SEEN THROUGH THE FIRST THREE QUARTERS OF FISCAL 19-20 HAS REVERSED IN Q4.  Full Article

IBM Says Tech Mahindra Is Collaborating With Co
Tuesday, 21 Apr 2020 

April 21 (Reuters) - International Business Machines Corp ::IBM - TECH MAHINDRA IS COLLABORATING WITH CO.IBM - TECH MAHINDRA TO HELP CLIENTS MIGRATE CORE BUSINESS APPLICATIONS TO IBM PUBLIC CLOUD USING IBM CLOUD PAKS.IBM - CO, TECH MAHINDRA TO ESTABLISH INNOVATION CENTERS TO HELP ADDRESS COMPLEX BUSINESS PROBLEMS ACROSS INDUSTRIES.IBM - FIRST CENTER IS PLANNED TO OPEN IN BENGALURU, INDIA, LATER THIS YEAR.IBM - TECH MAHINDRA CURRENTLY PLANS TO OPEN ADDITIONAL CENTERS THROUGHOUT NORTH AMERICA, UNITED KINGDOM IN 2020.  Full Article

NCLT Sanctions Merger Scheme By Absorption Between Tech Mahindra Growth Factories & Dynacommerce India With Tech Mahindra
Monday, 2 Mar 2020 

March 2 (Reuters) - Tech Mahindra Ltd ::NCLT SANCTIONS MERGER SCHEME BY ABSORPTION BETWEEN TECH MAHINDRA GROWTH FACTORIES & DYNACOMMERCE INDIA WITH CO.  Full Article

Tech Mahindra To Buy Zen3 Infosolutions (America) Inc
Monday, 24 Feb 2020 

Feb 24 (Reuters) - Tech Mahindra Ltd ::APPROVED PROPOSAL TO BUY IN ZEN3 INFOSOLUTIONS (AMERICA) INC.DEAL VIA UNIT TECH MAHINDRA (AMERICAS), INC.TECH MAHINDRA - $42 MILLION WILL BE PAID AT DEAL CLOSE.TECH MAHINDRA - AS PER DEAL, ANOTHER $22 MILLION WILL BE PAID OVER 3 YRS LINKED TO ZEN3'S FINANCIAL PERFORMANCE.  Full Article

India's Tech Mahindra Dec-Quarter Consol Profit Falls
Friday, 31 Jan 2020 

Jan 31 (Reuters) - Tech Mahindra Ltd ::DEC-QUARTER CONSOL NET PROFIT 11.46 BILLION RUPEES VERSUS PROFIT OF 12.03 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER CONSOL PROFIT WAS 10.14 BILLION RUPEES - REFINITIV DATA.DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 96.55 BILLION RUPEES VERSUS 89.44 BILLION RUPEES YEAR AGO.  Full Article

India's Tech Mahindra Sept Quarter Consol Net Profit Rises
Tuesday, 5 Nov 2019 

Nov 5 (Reuters) - Tech Mahindra Ltd ::SEPT QUARTER CONSOL NET PROFIT 11.24 BILLION RUPEES VERSUS PROFIT OF 10.64 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT QUARTER CONSOL PROFIT WAS 9.39 BILLION RUPEES.SEPT QUARTER CONSOL REVENUE FROM OPERATIONS 90.7 BILLION RUPEES VERSUS 86.30 BILLION RUPEES YEAR AGO.TECH MAHINDRA LTD SAYS QTRLY TOTAL HEADCOUNT AT 131,522; UP 5,749 QUARTER OVER QUARTER.  Full Article

India's Tech Mahindra Expands Pact With AT&T
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Tech Mahindra Ltd ::ANNOUNCED EXPANSION OF ITS STRATEGIC COLLABORATION WITH AT&T.WILL ASSUME MANAGEMENT OF MANY OF THE APPLICATIONS WHICH SUPPORT AT&T’S NETWORK AND SHARED SYSTEMS.  Full Article

Tech Mahindra And K2View Form Strategic Alliance To Accelerate Digital Transformation For Enterprises
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Tech Mahindra Ltd ::TECH MAHINDRA AND K2VIEW FORM STRATEGIC ALLIANCE TO ACCELERATE DIGITAL TRANSFORMATION FOR ENTERPRISES.TECH MAHINDRA LTD - ANNOUNCED A STRATEGIC GLOBAL ALLIANCE WITH K2VIEW, INC..  Full Article

India's Tech Mahindra March-Qtr Consol Profit Falls
Tuesday, 21 May 2019 

May 21 (Reuters) - Tech Mahindra Ltd ::MARCH QUARTER CONSOL NET PROFIT 11.32 BILLION RUPEES VERSUS PROFIT OF 12.22 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL PROFIT WAS 11.67 BILLION RUPEES.MARCH QUARTER CONSOL REVENUE FROM OPERATIONS 88.92 BILLION RUPEES VERSUS 80.55 BILLION RUPEES LAST YEAR.RECOMMENDED DIVIDEND OF 14 RUPEES PER SHARE.APPROVES MERGER OF TECH MAHINDRA GROWTH FACTORIES LTD AND DYNACOMMERCE INDIA PVT LTD WITH CO.  Full Article

Tech Mahindra To Buy 18.1 Pct Stake Each In Infotek Software And Systems, Vitaran Electronics
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Tech Mahindra Ltd ::APPROVED PROPOSAL TO BUY 18.1% STAKE IN INFOTEK SOFTWARE AND SYSTEMS AND VITARAN ELECTRONICS.SAYS DEAL FOR 130 MILLION RUPEES.  Full Article

BRIEF-India's Tech Mahindra Reports Lower Profit In March-Quarter

* MARCH-QUARTER CONSOL NET PROFIT 8.04 BILLION RUPEES VERSUS 11.33 BILLION RUPEES YEAR AGO

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