Nifty IT Hits Life Time High, Tops 46,000; TCS, Tech Mahindra, Coforge Top Gainers

Nifty IT Hits Life Time High, Tops 46,000; TCS, Tech Mahindra, Coforge Top Gainers

Last Updated:December 12, 2024, 13:09 IST Nifty IT index reached an all-time high of 46,002.65, with all 10 constituents posting gains; Here’s why IT stocks are in demand today IT Shares Rise In Thursday morning trading, the Nifty IT index reached an all-time high of 46,002.65, with all 10 constituents posting gains, making it the … Read more

Tech Mahindra, Google Cloud join hands to boost GenAI adoption

Tech Mahindra, Google Cloud join hands to boost GenAI adoption

Mumbai: As AI adoption surges among Indian enterprises towards digital transformation, IT major Tech Mahindra and tech giant Google Cloud on Thursday announced a strategic partnership to boost generative AI (gen AI) adoption and lead digital transformation for various entities of Mahindra & Mahindra (M&M). Tech Mahindra will leverage artificial intelligence (AI) and machine learning … Read more

To unlock full potential of Finance & IT Arms, Mahindra & Mahindra to rev up services business

To unlock full potential of Finance & IT Arms, Mahindra & Mahindra to rev up services business

The auto to tractor major is closely watching its services contribution, which now accounts for 30-40 percent of the group’s profitability. With a five-fold growth in the services portfolio and unlocking the full potential in Mahindra Finance and Tech Mahindra, the share of the profits from non-auto and farm businesses would go up over the … Read more

Mahindra Group to focus on delivering scale over next decade: MD & CEO Anish Shah

Mahindra Group to focus on delivering scale over next decade: MD & CEO Anish Shah

New Delhi: Farm equipment to aerostructure conglomerate Mahindra Group will focus on delivering scale with its businesses that it ‘believes’ will cover 70 per cent of India’s growth over the next decade, according to its Managing Director and CEO Anish Shah. The group, which has completed exits from 15 companies in a variety of areas … Read more

M&M is wheeling big money into business. What is the plan?

M&M is wheeling big money into business. What is the plan?

India’s fourth-largest auto company, M&M, is shifting into a higher gear and pressing down on accelerator. It plans to fuel its business growth with an ambitious capital infusion plan. It will inject Rs 37,000 crore into its business, across different segments, over the next three years. A bigger part of this money will go into … Read more

Spicejet, Tech Mahindra among electoral bonds donors to AAP: EC data

Spicejet, Tech Mahindra among electoral bonds donors to AAP: EC data

Representative Image New Delhi: Spicejet and Tech Mahindra were among those who donated to the Aam Aadmi Party through electoral bonds, according to Election Commission data made public on Thursday. The Election Commission made public a fresh data set of electoral bonds, including their alpha-numeric numbers that can help match their purchasers with the political … Read more

Tech Mahindra’s Q3 net falls drastically to Rs 485.9 crore

Tech Mahindra’s Q3 net falls drastically to Rs 485.9 crore

Chennai: Software player Tech Mahindra Ltd closed its third quarter with a drastic fall in its net profit at Rs 485.9 crore on a lower operational revenue. In a regulatory filing on Wednesday, Tech Mahindra said for the quarter ended December 31, 2023 it had earned an operational revenue of Rs 10,551.4 crore (against Q3FY23’s … Read more