Tech Mahindra to buy Target Group in a bid to strengthen UK presence
The acquisition will allow Tech Mahindra to capture a larger share of the 45-60 billion annual spend by UK financial firms on software and services27-05-2016
27-05-2016
Outcome of Committee Meeting - Tech Mahindra to acquire Target Group - to augment Platform BPaaS offerings in BFSI
Tech Mahindra Ltd has informed BSE that the Committee constituted by the Board of Directors of the Company for specific purpose, in its meeting held on May 27, 2016, approved the proposal to acquire Target TOPCO Ltd, a UK entity.In this regard, the Company has issued a Press Release dated May 27, 2016 titled "Tech Mahindra to acquire Target Group - to augment Platform BPaaS offerings in BFSI".27-05-2016
Schedule of Investor Interaction
Tech Mahindra Ltd has informed BSE regarding "Schedule of Investor Interaction".26-05-2016
Tech Mahindra shares zoom over 14% on robust earnings
For the full year ending March, the company's net income rose 18.7 per cent to Rs 3,118 crore, while revenue was up 17.1 per cent to Rs 26,494 crore.25-05-2016
Tech Mahindra Q4 revenue up 0.8% in dollar terms
Revenue increases to $1.02 billion, while net profit jumps 16.8% from the preceding quarter to $134.2 million25-05-2016
Tech Mahindra Too Quits Payments Bank Race, Cites Margin Concerns
Tech Mahindra is the third applicant to abandon the plan to set up payments bank after Cholamandalam which quit in April and Dilip Shanghvi-IDFC Bank-Telenor combine last Friday.24-05-2016
Payments banks aren't looking that lucrative anymore
Three entities, including Tech Mahindra today, have given up their plans to begin payments banks. Why? The economics does not make sense for everyone24-05-2016
Updates
Tech Mahindra Ltd has informed BSE regarding Extract of Audited Consolidated Financial Results Newspaper advertisement.24-05-2016
Fixes Book Closure for Dividend & A G M
Tech Mahindra Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 30, 2016 to August 02, 2016 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company.24-05-2016
Outcome of Board Meeting
With reference to the earlier communication dated August 20, 2015, about the In principle approval granted by RBI for setting up a Payment Bank, Tech Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, have decided that the Company will not pursue this opportunity.24-05-2016