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Tech Mahindra Ltd (TEML.NS)

TEML.NS on National Stock Exchange of India

697.45INR
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Latest Key Developments (Source: Significant Developments)

Tech Mahindra, VMware Collaborate for Telco Network and Service Transformation
Tuesday, 6 Feb 2018 07:27am EST 

Feb 6 (Reuters) - Tech Mahindra Ltd ::TECH MAHINDRA, VMWARE ANNOUNCES COLLABORATION TO JOINTLY DEVELOP, MARKET, AND DELIVER SOLUTIONS TO ACCELERATE NETWORK TRANSFORMATION FOR COMMUNICATION SERVICE PROVIDERS (CSPS).SAYS COMPANIES WILL COMBINE VMWARE'S 5G AND OPENSTACK READY NETWORK FUNCTIONS VIRTUALIZATION (NFV) PLATFORM WITH TECH MAHINDRA'S NETWORK SERVICES.  Full Article

Tech Mahindra Launches Tech Mahindra NxT In Israel
Monday, 15 Jan 2018 12:46am EST 

Jan 15 (Reuters) - Tech Mahindra Ltd ::TECH MAHINDRA LTD ANNOUNCES LAUNCH OF TECH MAHINDRA NXT IN ISRAEL.  Full Article

India's Tech Mahindra Buys Further 32.07 Pct Stake In Comviva Technologies
Friday, 22 Dec 2017 07:10am EST 

Dec 22 (Reuters) - Tech Mahindra Ltd ::ACQUIRED FROM BHARTI GROUP FURTHER STAKE OF 22.14 PERCENT FOR CONSIDERATION OF 2.27 BILLION RUPEES.CO IN PROCESS OF BUYING FROM WESTBRIDGE VENTURES II INVESTMENT HOLDINGS, STAKE OF 9.93 PERCENT FOR 1.02 BILLION RUPEES IN CASH.SAYS ACQUISITION OF FURTHER STAKE OF 32.07 PERCENT IN COMVIVA TECHNOLOGIES LTD.SAYS POST DEAL, CO WILL HOLD 99.17 PERCENT STAKE IN COMVIVA TECHNOLOGIES LTD.  Full Article

Tech Mahindra Says SC Rejects ED's SLP Challenging Court's Quashing Of Criminal Proceedings Against Co
Tuesday, 19 Dec 2017 01:15am EST 

Dec 19 (Reuters) - Tech Mahindra Ltd ::UPDATES ON APEX COURT DECISION ON SLP BY ED CHALLENGING ANDHRA PRADESH AND TELANGANA HIGH COURT'S QUASHING OF CRIMINAL PROCEEDINGS AGAINST CO.SAYS ‍SUPREME COURT OF INDIA DISMISSED SLP ON DEC 8​.SAYS "STANDS ABSOLVED OF ANY CRIMINAL LIABILITY FOR ALLEGED MONEY LAUNDERING UNDER PROVISIONS OF PMLA".  Full Article

Tech Mahindra approves merger of wholly-owned unit Sofgen India with co‍​
Wednesday, 1 Nov 2017 06:04am EDT 

Nov 1 (Reuters) - Tech Mahindra Ltd ::Board approved proposal for amalgamation of wholly-owned unit Sofgen India Pvt Ltd with co‍​.  Full Article

Tech Mahindra says Sept-qtr profit up about 30 pct
Wednesday, 1 Nov 2017 05:54am EDT 

Nov 1 (Reuters) - Tech Mahindra Ltd :Says Sept quarter consol profit after tax 8.36 billion rupees - TV ‍​.Says Sept quarter consol revenue 76.06 billion rupees - TV ‍​.Says active client count stood at 885 in Q2, adds 21 active clients Q-o-Q‍​.Sept quarter consol profit 6.45 billion rupees last year; consol revenue from operations 71.67 billion rupees last year.Consensus forecast for Sept quarter consol profit was 7.18 billion rupees.Says software headcount at quarter end stood at 75,587.The profit and revenue alerts were first sourced from TV and later confirmed from a company press release at the National Stock Exchange‍​.  Full Article

Tech Mahindra approves re-appointment of C P Gurnani as MD & CEO
Tuesday, 1 Aug 2017 08:07am EDT 

Aug 1 (Reuters) - Tech Mahindra Ltd :Tech Mahindra - approved re-appointment of C P Gurnani as managing director & CEO of the company.  Full Article

India's Tech Mahindra June qtr consol PAT down 0.6 pct
Monday, 31 Jul 2017 06:25am EDT 

July 31 (Reuters) - Tech Mahindra Ltd :June quarter consol profit after tax 7.92 billion rupees versus profit of 7.97 billion rupees last year.Consensus forecast for june quarter consol profit was 6 billion rupees.June quarter consol total revenue 77.47 billion rupees versus 71.67 billion rupees last year.Says total headcount at 115,980 in quarter.Says Q1 active client count stood at 864; adds 21 active clients q-o-q.Says Q1 IT attrition (LTM) at 17 percent versus 21 percent last year.Says Q1 IT utilization at 77 percent versus 78 percent last year.  Full Article

Tech Mahindra says unit LCC Middle East FZ LLC to sell stake in LCC Pakistan to Talkpool Ag
Tuesday, 20 Jun 2017 10:32pm EDT 

June 21 (Reuters) - Tech Mahindra Ltd :Co's step down unit LCC Middle East FZ LLC agreed to sell its 100% shareholding in LCC Pakistan (Pvt) Ltd to Talkpool Ag, Switzerland.Says total consideration for sale of shares $5.2 million.  Full Article

India's Tech Mahindra March-qtr consol profit falls about 33 pct
Friday, 26 May 2017 06:44am EDT 

May 26 (Reuters) - Tech Mahindra Ltd :March quarter consol profit after tax 5.90 billion rupees.March quarter consol total reveunue 77.33 billion rupees.Tech Mahindra Ltd consensus forecast for March quarter net profit was 7.83 billion rupees.Recommended dividend of 9 rupees per share.Consol profit after tax in March quarter last year was 8.76 billion rupees as per Ind-AS; consol total revenue was INR 70.39 billion.Says total headcount as of Mar 31 at 117693.  Full Article

BRIEF-Tech Mahindra Partners With ChromaWay To Bring Consortium Databases To Indian Market

* TECH MAHINDRA LTD PARTNERS WITH BLOCKCHAIN TECHNOLOGY PROVIDER CHROMAWAY TO BRING CONSORTIUM DATABASES TO INDIAN MARKET Source text: Bangalore – April 12, 2018: Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, announced today its partnership with Stockholm based company which has been pioneering blockchain solutions in the public and private sector since 2014, ChromaWay, to deliver blockchain technology to the Indian m

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