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Tech Mahindra announces acquisition plans to bolster digital offerings

The company has approved the acquisition of two wholly-owned subsidiaries - Infostar LLC by Tech Mahindra (Americas) Inc and WMW by Born London Limited, UK.

Shreya Banthia / Article rating: 5.0

The acquisition will bolster Tech Mahindra’s end-to-end digital product engineering capability across Design, Build, and Test, by employing Loadstone’s expertise in effective utilization of data strategy and providing end-to-end product quality assurance across hardware, software, and data layers

We Make Websites will add to Tech Mahindra’s capabilities in the Experience Design pillar and help build an industry-leading Shopify Practice.

SRF Ltd slumps 6 per cent despite double-digit growth in Q2FY22

With an increase in prices of key raw materials and logistics costs and various challenges linked to supply chain disruptions, the company was able to deliver good numbers.

Subramanian K / Article rating: 4.8

In Q2FY22, on a consolidated basis, the company’s revenue stood at Rs 2,843 crore, an increase of 35 per cent on a YoY basis. EBIT increased by 19 per cent YoY to Rs 570 crore. However, the EBIT margin for the quarter contracted by 270 bps YoY and stood at 19.58 per cent

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Overnight Digest: These small caps will be in focus on Thursday

Mangalam Global Enterprise, Transport Corporation of India, Goldiam International, Astra Microwave Products, Gokul Agro Resources and Vimta Labs made a fresh 52-week high today.

Armaan Madhani / Article rating: 4.0
On Thursday, frontline indices Sensex and Nifty closed in the red territory at 61,143.3 and 18,210.9 respectively, down by 0.34 per cent and 0.31...
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