This partnership will leverage a purpose-built private 5G product portfolio marketed under Pegatron's 5G business unit, coupled with Tech Mahindra's proven expertise in large-scale 5G transformations, to provide end-to-end 5G for Enterprise (5G4E) solutions for global enterprises.
The Indian stock market experienced a downturn as both Sensex and Nifty faced selling pressure in IT stocks and witnessed continuous foreign fund outflows. The benchmark BSE Sensex concluded at 70,700.67, marking a 0.51% decline with a substantial earlier drop of 741.27 points to 70,319.04.
NXT and its domain expertise in planning, designing, deploying, and management of private wireless networks for enterprises will benefit enterprise customers and accelerate the adoption of transformative network technologies like 5G in India.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping USD 100 billion mostly in salaries annually, says a report.
IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore).
As a system integrator, Tech Mahindra would implement Project Parivartanover a period of nine years at a cost of Rs 400 crore. "Tech Mahindra will transform the distributed application to a centralised application, for all the 20 divisions and R&D Centers of HAL based on a business transformation engineering process.
Shares of Tech Mahindra jumped nearly 4 per cent on Tuesday after the company reported a 1.35 per cent rise in June quarter net profit, and said it is targeting to emerge stronger by the end of 2020.
IT services firm Tech Mahindra on Thursday reported 29 per cent dip in March quarter consolidated net profit at Rs 803.9 crore owing to narrowing of margins due to factors including a surge in COVID-19 related costs.
Tech Mahindra Ltd on Tuesday announced the inauguration of its new delivery centre. The centre was inaugurated in the presence of IT and Industries Minister KT Rama Rao. The new facility is in line with Tech Mahindra's TechMNxt charter, which focuses on leveraging next-generation technologies and solutions, like artificial intelligence among others to address real-world problems to meet the customer's evolving and dynamic needs, a press release from the IT firm said.
Taking a major step towards creating an inclusive workplace, IT major Tech Mahindra has announced that the same-sex couples will be able to avail 12 weeks of paid adoption leave as per the new policies.
IT major Tech Mahindra on Tuesday said it has signed a defence contract worth Rs 300 crore, its biggest till date.
Tech Mahindra will also provide network integration capabilities to add value to the lab operations.
Tech Mahindra on Wednesday announced global partnership with Israel Aerospace Industries (IAI) to provide and develop technical security solutions for utility firms and critical infrastructure.
The ex-employee had alleged that the manager made "a mockery out of a religious minority" despite being a leader at a company that prides itself for diversity.
Tech Mahindra to open two 5G Centre of Excellence (CoEs) powered by Intel technology in Redmond, Washington State and Bengaluru.
The top-seven Indian based companies received only 8,468 approved H-1B visa petitions in the financial year 2017, a decline of 43 percent for these companies since the financial year 2015.
The company says there is no connect between its US hiring and laying off staff in India
Tech Mahindra has been ranked at No 14, with an impressive growth of 21 per cent over the previous fiscal, a joint release by Tech Mahindra and Brand Finance said.
After IT majors Infosys and Wipro, it is now Tech Mahindra's turn to lay off hundreds of its employees based on their performance.
Mumbai: After granting approval to 11 entities for payments banks, RBI today said it will announce small finance bank licences next month and allayed concerns that these new entities can pose any threat to existing
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