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Tech Mahindra Pune campus | Photo Credit: Special Arrangement Tech Mahindra reported a 32.7% year-on-year (YoY) rise in second-quarter net profit to ₹1,586 crore, driven primarily by its manufacturing and communications verticals. Revenue grew 15.6% to ₹16,180 crore. Sequentially, net profit and revenue rose 8.2% and 3%, respectively. EBIT increased 40.5% to ₹2,387 crore. Deal…
At the end of the quarter Tech Mahindra had cash and cash equivalent of ₹6,566 crore. File. | Photo Credit: Reuters Tech Mahindra Ltd for the second quarter ended September 30, 2024 reported consolidated net profit of ₹1,250 crore which is a growth of 153% over the year ago period. Revenues at ₹13,313 crore grew marginally by 3.5%…
Read More “Tech Mahindra Q2 net profit surges 153% to ₹1,250 crore” »
Bombay Stock Exchange (BSE). File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the…
According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…
Read More “Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag” »
Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…
Read More “Markets decline in early trade after two days of rally” »
Apart from physical experiments IIT also ran computer simulations mimicking movements of animals (File) Mumbai: Researchers at the Indian Institute of Technology Bombay (IIT Bombay) have uncovered how animals find their way back home without getting lost or being late by using a robot that mimics their movements. This robot is designed to move on…
Read More “IIT Researchers Discover How Animals Find Their Way Home, Using Robots” »
Jio’s arm Radisys and Tech Mahindra are working with Ghana’s Next-Gen Infrastructure Company (NGIC) to build the infrastructure needed to deliver affordable 5G mobile broadband services in the African country. Representational | Photo Credit: KRISHNAN VV Ghana has signed deals with a Reliance Jio subsidiary, Tech Mahindra, and other vendors to build 4G and 5G…