tech mahindra

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

Chandigarh Consumer Commission penalised EPFO Rs 50,000 for a decade-long delay in transferring provident fund. Software glitches were dismissed as an excuse for the significant lapse. The commission found EPFO guilty of deficiency in service and unfair trade practice, ordering compensation for the employee's prolonged wait for his PF funds.

RIL, Tata group exploring greater flexibility; move may affect IT companies return to office plans

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

Persistent foreign fund outflows and the rupee sliding to record lows have further dampened sentiment, prompting investors to stay cautious and intensify selling across equity markets.

tech mahindra concluded FY26 with a 13.15% rise in net profit to Rs 15,076 crore and a 7.2% revenue increase to Rs 56,815.4 crore, exceeding analyst expectations. The company is accelerating its AI-led transformation, evidenced by record deal wins, and has declared a final dividend of Rs 36 per share.

tech mahindra's March quarter revenue reached $1.6 billion, showing growth. The company is focused on improving its operating margin to 15%. AI is creating new business opportunities. Manufacturing and retail sectors led the growth. Hiring will resume in a calibrated manner next year. The company is adapting to AI-led productivity changes.

Amaravati, the newly anointed capital city of Andhra Pradesh, is still under construction, but its Quantum Valley project is already luring deeptech startups, scientists and engineers to move in as the first settlers and work on the next frontier of technology

tech mahindra has launched a new Communications Experience Center in Pune, aiming to help telecom providers innovate and grow. This hub will showcase AI-driven solutions for customer experience, network operations, and new business models. It's designed to accelerate co-creation and transformation for Communications Service Providers navigating industry complexities.

Intel's new Core Ultra Series 3 processors, codenamed Panther Lake, are now powering AI-driven laptops from brands like Asus and HP. Indian tech giants TCS, Wipro, and tech mahindra are leveraging these chips for advanced AI tools, including localized LLMs and office automation assistants.

India's top IT firms are cutting jobs. This shift is driven by AI and changing client demands. Companies now prioritize outcomes over sheer employee numbers. The focus is on skilled workers who can leverage AI. This recalibration signals a new era for the IT sector, emphasizing efficiency and specialized talent.

tech mahindra denies allegations of religious bias at its Goregaon office after social media claims surfaced. This follows heightened scrutiny on IT firms, with TCS Nashik facing a police probe over sexual harassment and religious conversion allegations. Nine FIRs have been registered at TCS Nashik, leading to several arrests.

Technology stocks bore the brunt of the selling. Shares of Infosys, HCLTech, tech mahindra and Tata Consultancy Services fell between 2 per cent and 4 per cent after Infosys’ fourth-quarter results failed to meet market expectations.

Dalal Street eyes US-Iran conflict, crude oil, and corporate earnings for direction. HDFC Bank and ICICI Bank reported Q4 results, with the former warning of West Asia conflict risks. Analysts anticipate continued focus on geopolitical developments and their impact on global markets and capital flows.

Global markets rallied, including India's Sensex, as a West Asia peace plan offered hope for an end to the conflict. Foreign funds made significant inflows after weeks of selling, boosting investor wealth. However, tech stocks faced selling pressure due to renewed AI concerns.