Tech Mahindra Ltd (TECHM)

Tech Mahindra Expected to Report Strong Q1 Results - 24 Jul, 2024

Tech Mahindra is expected to report a strong Q1 FY25, with analysts predicting over 30% QoQ increase in net profit and 0.8% QoQ rise in revenue. However, the growth could be impacted marginally due to seasonal softness in its subsidiary-Comviva. Attention will be on demand and banking and telecom verticals, large deal wins, and progress on margin improvement trajectory.

Tech Mahindra to Upskill Workforce in Tier 2 and 3 Cities - 23 Jul, 2024

Tech Mahindra's COO, Atul Soneja, announced plans to provide training programs for a workforce equipped with contemporary skills in tier 2 and 3 cities. This will contribute to long-term growth and the creation of local employment opportunities.

Tech Mahindra Approves Merger of Subsidiary - 19 Jul, 2024

Tech Mahindra has approved the merger of its wholly-owned step-down subsidiary, vCustomer Philippines (Cebu), Inc., with its parent company, vCustomer Philippines Inc.

Tech Mahindra Approves Merger of Subsidiaries - 18 Jul, 2024

Tech Mahindra has approved the merger of its subsidiary vCustomer Philippines (Cebu) with its parent vCustomer Philippines Inc., aimed at promoting efficiencies and reducing operating costs. The Nifty IT index is up 3.18% between April-June, with Tech Mahindra among the top gaining stocks.

Tech Mahindra to Trade Ex-Dividend Soon - 14 Jul, 2024

Tech Mahindra is set to trade ex-dividend in the next four days. The company's next dividend payment will be ₹28.00 per share, with a trailing yield of approximately 2.7%. However, Tech Mahindra distributed an unsustainably high 150% of its profit as dividends last year, putting the dividend at risk of a cut.

Tech Mahindra Collaborates with Microsoft for AI Assistant - 10 Jul, 2024

Tech Mahindra has partnered with Microsoft to improve workforce efficiency and streamline enterprise processes through the use of generative AI capabilities. Meanwhile, MOFSL predicts a decline in Tech Mahindra's Q1FY25 net profit and net sales.

Tech Mahindra Collaborates with Microsoft to Modernize Workplace Experiences - 09 Jul, 2024

Tech Mahindra partners with Microsoft to enhance workforce efficiency and streamline processes by leveraging Microsoft's Cloud platform and GenAI capabilities. Jefferies maintains an underperform rating on the stock.

Tech Mahindra Expands Business Processing Services in Europe - 04 Jul, 2024

Tech Mahindra has expanded its business processing services in the Baltic States with a new centre in Riga, Latvia. The expansion will help the company bolster its presence in Europe and provide local customers access to its services including 5G, metaverse, blockchain, quantum computing, cybersecurity and artificial intelligence.

Mixed News for Tech Mahindra Ltd. - 03 Jul, 2024

Tech Mahindra is set to pay a dividend of ₹28.00 per share, but earnings per share have been declining rapidly over the past five years. Prabhudas Lilladher has reduced its call on the stock with a target price of Rs 1230.

Mixed News for Tech Mahindra Ltd - 01 Jul, 2024

Tech Mahindra's FY24 results show a decline in revenue and net income, while technical analyst Shrikant Chouhan recommends the stock as a buy. The Nifty IT index gains 2% ahead of Q1FY25 earnings, boosting Tech Mahindra's stock price.

Tech Mahindra Launches Indigenous Language Model for AI Services - 29 Jun, 2024

Tech Mahindra has launched Project Indus LLM, an indigenous language model designed to converse in multiple Indic languages. The company's chairman, Anand Mahindra, believes that Tech Mahindra is best positioned to leverage the power of AI and anticipates a critical turnaround year in FY25.

Tech Mahindra Launches Language Model Amid Turnaround Strategy - 28 Jun, 2024

Tech Mahindra has launched Project Indus, a large language model aimed at transforming AI-driven solutions across various industries. CEO Mohit Joshi expects FY25 to be a turnaround year marked by new investments, cost optimization, and growth strategies. The IT giant aims to integrate AI seamlessly into business functions under new leadership, expecting this blend to revolutionize customer engagement and industry-specific solutions.

Tech Mahindra to Merge Healthnxt with Wholly-Owned Subsidiary - 26 Jun, 2024

Tech Mahindra has announced the merger of its step-down arm, Healthnxt, with its wholly-owned subsidiary Tech Mahindra (Americas) effective from July 1, 2024. The merger will not involve any cash consideration or issue of new shares and TMA's investment in Healthnxt will be cancelled.

Tech Mahindra Subsidiaries Merge; Citi Raises Target Price - 25 Jun, 2024

Tech Mahindra merges its subsidiaries Healthnxt and Tech Mahindra (Americas) to streamline business operations and reduce compliance risks. Citigroup raises target price to Rs 1,150 from Rs 1,095 while maintaining a sell rating.