TechM unveils MoboMoney to cash in on digital payments market

IT major Tech Mahindra on Wednesday launched a new service 'MoboMoney' to cash in on the burgeoning digital payments ecosystem in India.

Mahindra group to acquire Italian design firm Pininfarina

Mahindra group Monday announced it will acquire Italian automotive and industrial design firm Pininfarina for an overall outgo of over 50 million Euros (nearly Rs 370 crore) after months of negotiations.

Tech Mahindra posts 9% increase in Sept quarter profit

Country's fifth largest software firm Tech Mahindra Tuesday reported 9.2 percent increase in its September quarter profit at Rs 786 crore, helped by volume growth and margin expansion.

Aircel picks Tech Mahindra for IoT services in India

No financial details were disclosed.

TCS, Wipro, Infosys and others form consortium to penetrate Chinese market

In a significant initiative to break into the highly-regulated Chinese market, five top Indian IT firms have for the first time formed a consortium to work on big-ticket projects planned by China's southwest Guizhou province, which includes a major cloud-based data centre.

Will use 'click & brick' model for payments bank: Mahindra

Tech Mahindra was among the 11 entities successful applicants that received the Reserve Bank's nod to set up payment banks as part of financial inclusion drive.

Tech Mahindra gets forex push, net up 7% at Rs 676 crore

The fifth-largest software exporter Tech Mahindra on Monday reported a 7.2 percent growth in June quarter net profit at Rs 676 crore, helped by forex gains flowing from depreciation of the rupee.

Indian Army rolls out new automation software for records

Indian Army rolls out new automation software for records

Defence Minister Manohar Parrikar on Thursday launched a new automataion software, ARPAN 3.0 for the over 12 lakh soldiers of the Indian Army which would provide them easy access to their service records including pay and leave details and transfer and postings among others.

Tech Mahindra sees weak revenue, earnings in Apr-Jun quarter

IT firm Tech Mahindra on Monday warned of weak revenue and earnings in the April-June quarter due to higher visa costs and other headwinds, dragging the company shares by over 9 percent.

Tech Mahindra shares hit over one-year low on Q1 warning

Shares of Tech Mahindra Ltd dropped almost 7 percent to a more than one-year low on Monday after the IT firm warned of a weak first quarter, partly due to higher U.S. visa sponsorship costs for its employees.

'Make in India - a jugalbandi of IT and manufacturing skills'

Anand Mahindra, one of India's most well-known entrepreneurs, has defined his vision for the ambitious 'Make in India' initiative as a "jugalbandi" between the country's IT and manufacturing prowess.

India IT behemoths revamp culture to attract young talent, battle start-ups

Those young set-ups say they go beyond cookie-cutter solutions and argue that they do the job more quickly and for less.

Nifty continues to decline for 3rd day; ends 5 points down

The CNX Nifty continued to decline for the 3rd day on Wednesday, slipping by another 4.75 points, to close at 8,334.60 on selling pressure following disappointing results by Tata Motors & Tech Mahindra.

Tech Mahindra Q4 net profit dips 23% to Rs 472 cr

The company had a debt at Rs 700 crore as of March 31, while cash and cash equivalent stood at Rs 3,212 crore.

SC grants relief to Tech Mahindra in ED case

In a breather to Tech Mahindra, the Supreme Court Monday restrained for four months a trial court in Andhra Pradesh from framing charges against the IT services company in connection with Enforcement Directorate's proceedings in the Satyam accounting fraud case.

ICICI launches NFC-enabled payment service 'Tap-n-Pay'

It can be used for merchant payments by merely tapping a NFC-enabled mobile phone or a tag on the counter.

Tech Mahindra inks $150-200 mn deal with Comverse

Tech Mahindra has inked a USD 150-200 million deal with telecom solutions provider Comverse, a move that will help the country's fifth largest software services firm beef up its operations in Israel.

Tech Mahindra teams up with Comverse, to take on Israeli engineers

Information technology group Tech Mahindra is partnering with US-Israeli Comverse Inc to set up a research and development centre in Israel.

HCL Tech, Tech Mahindra shares fall on turning ex-bonus

Scrip of HCL Technologies fell 2.49 percent to Rs 978.95 on the BSE today. On the NSE, it was down over 2.67 percent to Rs 976.50.

Wipro, HCL in race for Sebi's fraud detection system upgrade

As markets watchdog Sebi plans a capacity augmentation of its fraud detection system, IT majors, including Wipro, HCL, Tech Mahindra and L&T Infotech, have evinced interest in bagging the contract.