The Indian IT sector witnessed a notable upswing today, with major players Infosys, Wipro, TCS, and Tech Mahindra leading the charge in market capitalization gains. Here’s a breakdown of how much each tech giant added to its market cap:

Infosys

Stock Price: ₹1,943.65 (+2.65%)

Market Cap Gain: ₹21,960 crore

Infosys’ shares surged by 2.65%, pushing its total market capitalization to ₹8,07,032.02 crore. The stock opened at ₹1,889.55 and climbed to a high of ₹1,944.85, reflecting strong investor sentiment.

Wipro

Stock Price: ₹540.50 (+1.95%)

Market Cap Gain: ₹5,495 crore

Wipro added ₹5,495 crore to its market capitalization, which now stands at ₹2,82,756.24 crore. The stock opened at ₹528.05, touched a high of ₹541.95, and maintained positive momentum throughout the session.

Tata Consultancy Services (TCS)

Stock Price: ₹4,291.40 (+1.39%)

Market Cap Gain: ₹20,190 crore

TCS saw a 1.39% rise in its stock price, bringing its market capitalization to ₹15,53,190.70 crore. The stock traded between ₹4,225.00 and ₹4,298.00, further bolstering the IT sector’s rally.

Tech Mahindra

Stock Price: ₹1,646.45 (+2.64%)

Market Cap Gain: ₹4,258 crore

Tech Mahindra’s stock surged by 2.64%, leading to a market cap increase of ₹4,258 crore, now totaling ₹1,61,158.63 crore. The stock opened at ₹1,591.00 and reached a high of ₹1,646.80 during the session.

These gains reflect a renewed optimism in the IT sector, as investors seem confident in the future growth prospects of these leading tech companies.

Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.

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Tech Mahindra shares surged by 2.64% today, trading at ₹1,646.45 as of 12:27 PM. This rise has increased the company’s market capitalization by ₹4,240 crore, bringing it to a total of ₹1,61,158.63 crore.

The stock opened at ₹1,591.00, slightly below the previous close of ₹1,604.05, and hit a high of ₹1,646.80 during the session. The stock’s performance today indicates positive investor sentiment towards the company’s growth prospects.

Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.

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The Nifty IT index surged by 1.81% to reach 42,517.50 as of 12:19 PM, continuing its upward momentum in today’s session. This rise is driven by gains in major IT players, reflecting positive investor sentiment in the tech sector.

Tech Mahindra: The stock witnessed a notable rise of 2.53%, trading at ₹1,644.65. It opened at ₹1,576.85, touching a high of ₹1,643.10 during the session.

Infosys: Infosys gained 2.87% to trade at ₹1,947.75. The stock opened at ₹1,888.65, reaching a high of ₹1,950.55. The market cap for Infosys stands strong at ₹6,87,424.24 crore.

Coforge: Another top performer, Coforge surged by 1.88%, trading at ₹7,193.00. The stock’s high for the day was ₹7,193.00, adding to the bullish sentiment around IT.

Other stocks in the Nifty IT index such as Wipro, LTI Mindtree, and HCL Tech also contributed to the index’s growth.

Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.

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Anand Mahindra, Mahindra Group chairperson and Padma awardee stated that for a Tech Mahindra project aimed at building and licensing street view data to US-based search engine Google, a 3-wheeler was commissioned by Mahindra Logistics.

A Mahindra 3W commissioned by Mahindra Logistics for a project by Tech Mahindra to build and license street view data to Google. That’s what I call Group synergy! pic.twitter.com/lt4iHVKM6Z

— anand mahindra (@anandmahindra) July 28, 2022

In a partnership with Tech Mahindra And Genesys International, a mapping firm, Google has rolled out Street View on Google Maps in India. this treasure trove of data will not be owned by google itself, its imagery data will also be owned by Tech Mahindra and Genesys International. The data that will belong to Google are the data collected from users of Street View and Maps.

At the launch of the feature, the company said “People will be able to explore and traverse new areas of the country and the world with the aid of Street View in a more realistic and visual manner, giving them the opportunity to fully experience these locations from their phone or computer.”

As claimed by Google, Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, Nashik, Ahmednagar, Vadodara and Amritsar are the 10 cities where the Street View feature will be available. By 2022 end 50 more cities will be added to the list. Besides this, Street View API is being rolled out by Google to local developers in the country.

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Tech Mahindra, a prominent provider of digital modification, consulting, and industry re-engineering assistance and explanations, today announces that it has been operating with Telefónica Germany to digitally alter its microwave system with available software defined networking (SDN).

Telefónica is struggling to standardised  its supervision interface by co-operating with numerous dealers and supporters. Tech Mahindra is enabling Telefónica achieve this by sending its domain expertise and continual integration capacities to the coalition.

Tech Mahindra has been operating with the telco to enforce modern criteria for its DevOps model encompassing improving its procedures and regulations. This encompasses the continual administration assistance of service undertakings for the organisation’s overall SDN Architectures. The undertaking implicates the deployment of microwave communication industrialization intended for elevating service delivery and system undertakings. All microwave equipments in Telefónica Germany’s mobile backhaul system are available through a solitary harmonised Network API which benefits an open microservice framework.

Vikram Nair, President, EMEA Business at Tech Mahindra, commented that they have been energetically co-operating with Telefónica on this undertaking. They made a crucial contribution to the integration outcomes and have ridden them to continuously expand their capacities. This indicates their obligation to capitalize in open source technologies and scaling out systems within barely weeks. Telefónica is eligible to stimulate its digital transformation undertakings to give a more productive and prospective-proof assistance to its consumers.

Telefónica has been eligible to incorporate 30,000 microwave ties from numerous dealers into the OpenDaylight Controller utilizing ONF TR-532 interface criterion. This moreover indicates Tech Mahindra’s commitment to capitalize in open source technologies to stimulate scaling out networks. The scheme to SDN will facilitate Telefónica to approve automation functionality in the fortune more effortlessly.

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Notwithstanding rising incomes, IT significant Tech Mahindra is set to lessen its business cycle administrations (BPS) headcount by 5,000 to 38,000 in FY 2020-21, as a bigger piece of the assignments gets finished through robotization and computerized reasoning. Organization chiefs said there is a non-linearity between income development and by and large headcount as innovation makes it workable for a solitary individual to achieve different assignments.

It very well may be noticed that the business cycle rethinking (BPO) vertical, which has its beginning in the ‘call focuses’ business of the past, is one of the greatest work generators in the innovation space, where Indian heads handle a large number of cycles for abroad customers frequently across time regions.

Tech Mahindra had revealed a decrease of almost 2,500 individuals in its general headcount in the December quarter and credited a greater part of the work misfortunes to the BPS vertical. …what has happened is I used to have around 43,000 workers toward the finish of FY20, toward the finish of FY21, I expect around 38,000 representatives in BPS. However, that is on the grounds that the efficiency has expanded and the income has likewise gone up, its CEO and overseeing chief C P Gurnani told. He added that a similar pattern of decreasing staffage may not proceed in the approaching time frame and the headcount may settle, even as the incomes keep on developing.

In the December quarter, the organization had revealed an 11 percent development in BPS incomes when contrasted with the previous September quarter. Gurnani said everyone is taking a gander at better profitability and effectiveness as of now and focused on that the efficiency of every representative has expanded.

He said every one of the representatives achieves more errands as of now and is helped by a chatbot which is created in-house. Its leader for BPS, Ritesh Idnani said mechanization, examination, and man-made brainpower have gotten exceptionally basic for a client’s activity and added that TechM is tearing apart its current incomes through computerization and conveying wanted results for the clients.

As we convey more on that, you will see that there is a non-linearity between income development and headcount, he said, calling attention to that a similar pattern has worked out in December and September quarters, where the headcounts went down. He said the BPS business is a hearty one and the organization is at present taking a gander at its most grounded pipeline of agreements ever as organizations take a gander at reevaluating more work. Then, Gurnani said the organization has given up some rental space over the most recent couple of months since the beginning of the pandemic however the increases out of the equivalent are not extremely high.

It is keeping up the grounds due to an inclination that at last, up to 40 percent of the laborers will return to working from workplaces due to their cravings or customer prerequisites and added that the enormous offices likewise house its work workers. Gurnani said the organization would now be able to collaborate with any of the top 5G telecom administration organizations on the planet now and added that he isn’t worried about the deferral in income booking from a piece of the 5G business where TechM has made forthright ventures.

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Tesla is going to come to India this year with its Model 3. Let us see the out of Mahindra and Tesla who’s the electric vehicle is better?

Spurred by the incoming of Tesla to India, Mahindra is geared to launch an electric cargo vehicle. This was told by Mahesh Babu- the MD and CEO, to CNBC-TV18. The company will continue to focus on electric three-wheelers, he added.

Talking about Mahindra e2o-

Pros

Its cost of ownership is fairly less. The car can run for 20 km with 1 hour of charging and 120 km when fully charged.

The automation systems and safety measures come as a cherry on top.

It comes in handy for office goers and daily travelers.

The car is suited for city roads and is easy to maintenance.

Key authentication is an innovation in this car but requires little practice.

Cons-

There is a lack of power thrust of the electric motor.

There is an absence of four doors and there is lesser leg space and boot space at the rear.

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The Information Technology & Information Technology Enabled Services (IT-ITeS) sector is a field which is undergoing rapid evolution and is changing the shape of Indian business standards. This sector includes software development, consultancies, software management, online services and business process outsourcing (BPO).
In recent years, India has emerged to be known as the global hub for the IT services industry. It is one of the most prominent countries where technology is flourishing in its prime. The IT sector is contributing to the GDP growth of India. Its revenue in this sector is increasing day by day and top IT companies are playing a major role in the growth of the economy.

Below are some of the top IT companies in India

1. Tata Consultancy services (TCS)

Tata Consultancy Services or TCS is an Indian multinational information technology (IT) service, consulting and business solutions firm. It is the second-largest Indian company by market capitalisation.

It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries.TCS is currently headed by N. Chandrasekaran with its headquarters located in Mumbai, Maharashtra, India. The company was established in the year 1968, by the Tata sons. It has close to 400,000+ employees and is the largest IT recruiter in India for over a decade.

TCS alongside its 67 other subsidiaries provides a good range of IT-related products and services which include application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and technology education services.

• Revenue: ₹161,541 crores (US$23 billion)
• Market Cap: ₹ 1,005,508 crore
• Employees: 448,464 employees as of March 2020
• ROE: 37.3 %

On 8 October 2020, TCS surpassed Accenture in market capitalization to become the world’s most valuable IT company with a market cap of $144.73 billion.

They partnered with leaders from banking and finance, communications and media, manufacturing, retail, HiTech and travel industries. With top products like Chroma, Ignio, TCS iON, TCS MasterCraft, etc., Tata is truly one of the top custom software development companies in India.

2. Infosys

Infosys Limited is an Indian multinational corporation that gives business consulting, information technology and outsourcing services. It’s the second-largest Indian IT company after Tata Consultancy Services and therefore the 596th largest public company within the world supported revenue.

Infosys was established in 1981 by seven engineers in Pune, Maharashtra, India with an initial capital of $250. The headquarters of the corporate is found in Bangalore, Karnataka, India. It’s 82 sales and marketing offices and 123 development centres are spread across the planet.

Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains. One among its known products is Finacle which may be a universal banking solution with various modules for retail and company banking.

• Revenue: Rs 93,594 crores INR (US$13 billion)
• Market Cap: ₹ 468,545 Cr
• Employees: 242,371 (March 2020)
• ROE: 25.3 %

Infosys is an NYSE listed global consulting and IT services company with quite 228,000 employees. For over 37 years, the corporate has catalyzed a number of main changes that have led to India’s emergence because of the global destination for software services talent. On 11 March 1999, Infosys became the primary Indian-registered company to list Employees Stock Options Schemes and ADRs on NASDAQ.

Infosys is now highly involved in research of NextGen Technology, AI, Machine Language aside from providing software services to varied domains.
Along with all its subsidiaries, like Infosys BPM, it provides end-to-end solutions for a spread of business areas. For the implementation of digital solutions, the corporate supplies clients with different platforms. For instance, Infosys Nia is an AI platform for process automatization, EdgeVerve is formed mostly for banking and interactive commerce services, Panaya for fast application delivery and Skava for mobile commerce.

3. HCL

HCL Technologies Limited is an Indian multinational information technology (IT) services and consulting firm based in Noida, Uttar Pradesh, India. It is a subsidiary of the HCL Enterprise. The Company focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. It is the third-largest Indian IT company.

HCL was founded in the year 1976 by Shiv Nadar. It has offices in 44 countries including United Kingdom, United States, France, and Germany with a worldwide network of R&D, “innovation labs” and “delivery centres”. It has 147,123 employees and its customers include 250 of the Fortune 500 and 650 of the Global 2,000 companies.

HCL offers a wide range of services including enterprise transformation, engineering, remote infrastructure management, business process outsourcing, etc. The company’s segments include software services, infrastructure management services, and business process outsourcing services.

• Revenue: ₹ 71,265 crore (US$10 billion)
• Market Cap: ₹ 223,090 Cr.
• Employees: 150,000 employees (2020)
• ROE: 23.7 %

It has its operations in various sectors including aerospace, automotive and defence, chemical and process industries, banking, capital markets, commodity, energy and utilities, healthcare, hi-tech, industrial manufacturing, insurance, life sciences, manufacturing, media and entertainment, mining and natural resources, oil and gas, retail, telecom, and travel, transportation, logistics and hospitality.

4.Wipro

One of the oldest Indian companies, Wipro Ltd was founded in the year 1945 in Amalner, Maharashtra. The company provides information technology business, consulting, and services to the IT industry. Wipro has several key focus areas like Machine Learning, Data Science, Analytics. It has also largely invested in blockchain technologies.

Wipro was established by Mohamed Premji as “Western India Palm Refined Oil Limited”, later abbreviated to “Wipro”. It was initially found as a manufacturer of vegetable and refined oils in Amalner, Maharashtra, British India, under the trade names of Kisan, Sunflower, and Camel. Its headquarters is located in Bangalore, Karnataka. Today, the corporate has an employee strength of over 160,000 in 6 continents and it’s the primary Indian IT company to realize the ISO 4001 certification in 2002.

• Revenue: ₹63,862.60 crore (US$9.0 billion) 
• Market Cap: ₹ 200,323 Cr.
• Employees: 175,000 employees (2020)
• ROE: 17.5 %

The company operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a variety of IT and IT-enabled services. The IT Products segment provides a variety of third-party IT products, which allows it to supply IT system integration services. Wipro is focused on strategy, design and technology, and it offers task-solving tools for a wide range of businesses such as banking, consumer electronics, healthcare, aerospace, engineering and construction, network equipment providers, pharmaceutical, retail and many others.

The Company harnesses the facility of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to assist the clients to adapt to the digital world and make them successful. It is one among the top Indian IT companies recognized globally for its comprehensive portfolio of services, a robust commitment to sustainability and good corporate citizenship. Together, one among the simplest Indian IT companies to get ideas and connect the dots to create a far better and a bold new future.

5. Larsen & Toubro Infotech Ltd

Larsen & Toubro Infotech Limited (LTI) is an Indian global Information technology solutions and services company based in Mumbai, India. In 2017, NASSCOM ranked LTI the sixth-largest Indian IT services company in terms of export revenues. It was among the highest 15 IT service providers globally in 2017, consistent with the Everest Group’s PEAK Matrix for IT service providers.

The company was established in the year 1997. Its headquarters is located at L&T House, Ballard Estate, Mumbai, India. LTI offices are located in top Indian cities as well as in North America, Europe, Middle East, South America, Africa, Middle East, Asia Pacific, etc.
Founded nearly 23 years ago as the information technology arm of the Larsen & Toubro group, today it is one of the best IT companies in India.

• Revenue: US$1.3 billion
• Market Cap: ₹ 55,879 Cr.
• ROE: 29.5 %

LTI is helping more than 360 clients succeed in a converging world with its digital & automation solutions, IT Service Management, and IT Consulting. With operations in 30 countries, it continues to accelerate digital transformation with its Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys.

6. Tech Mahindra

Tech Mahindra Limited is an Indian multinational technology company, providing information technology (IT) and business process outsourcing (BPO) services to the telecommunication Industry. The company is one among the highest 10 IT companies in India. It offers a wide range of solutions-Next-Gen Solutions, Cloud, ADMS Java & Open Source, Consulting, Customer Experience, Enterprise Architecture, Enterprises of Future, etc.

A subsidiary of the Mahindra Group, the company was founded in the year 1986 and its headquarters is located in Pune while its registered office is located in Mumbai. Tech Mahindra is a proud employer of over 110,000 technologists operating in over 90 countries.

As of April 2020, Tech Mahindra may be a US$5.2 billion company with 125,236 employees across 90 countries. The company was ranked 5th in India’s IT firms and overall 47 in Fortune India 500 list for 2019. Tech Mahindra announced the completion of a merger with Mahindra Satyam, on 25 June 2013. The company has 973 active clients, as of April 2020.

• Revenue: ₹38,060.10 crore (US$5.3 billion)
• Market Cap:  ₹ 84,804 Cr.
• Employees: 125,236 employees (2020)
• ROE: 18.5 %

Tech Mahindra offers innovative and customer-centric IT experiences, enabling Enterprises, Associates and therefore the Society to rise, it also has a more intense emphasis on delivering services for the telecommunications industry. The company also works for banking, insurance, telecom, media, energy, retail, transportation industries.

7. MindTree Ltd

Mindtree Limited is an Indian multinational information technology and outsourcing company headquartered in Bangalore, India and New Jersey, USA. As a part of the Larsen & Toubro group, the company deals in cloud computing, digital transformation, data analytics, testing, e-commerce, mobile applications, enterprise application integration and enterprise resource planning.

Founded in 1999 by Subroto Bagchi, Ashok Soota, Namakkal Parthasarathy and Krishnakumar Natarajan, the company employs approximately 21,991 employees with annual revenue of ₹7839.9 crores (US$1.1 billion). It has more than 307 active clients and 43 offices in over 18 countries, as of 31 March 2019.

• Revenue: ₹7,839.90 crores (US$1.1 billion)
• Market Cap:₹ 23,346 Cr.
• Employees: 21,991 employees (Mar 2020)
• ROE: 19.5 %

Mindtree offers its services to industries like Banking, capital markets, education, manufacturing, retail, transportation and logistics and smart devices. It welcomes anybody from these industries to collaborate with them. It also offers a wide range of products such as In-Store Analytics, Intelligent Video Surveillance, Connected Building, Employee Training & Micro-Learning and Field Engineer Inspection.

The company has launched various products like Flooresense for in-store analytics, Gladius as video management and analytics software, and Digital Pumpkin, a digital innovation hubs for enterprise transformations. The company grows fast but not to the detriment of quality.

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Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and Smart Energy Water (SEW), a global energy and water cloud platform provider delivering the best customer and workforce experiences to global electric, water and gas utilities, today announced a global partnership to accelerate digital transformation for energy and water utility industry. Tech Mahindra will deliver end-to-end digital solutions accelerating digital transformation for enterprises to make them future-ready with the seamless transformation of operations and enhance the customer experience.

Tech Mahindra with its leading technology and software capabilities will assist SEW in their product development journey to build industry solutions, further to manage speed, scale, and availability for successful integration of cloud services, systems integration, managed services, and consulting services projects. As part of the collaboration, SEW’s Digital Customer Experience (CX), Workforce Experience (WX), Artificial Intelligence (AI), and Machine Learning (ML) will enable clients to develop a cost-effective digital transformation strategy. 

Ritesh Idnani, President, Business Process Services, Tech Mahindra, said, “ As a global digital transformation provider, we support enterprises to adapt the fast-changing digital landscape with scalable, replicable, and sustainable outputs. The partnership with Smart Energy Water (SEW), will enable our energy and utility customers to develop agility and generate greater efficiencies across operational business units, thus significantly improving customer experience and accelerating innovation in rapidly changing markets.”

Tech Mahindra and SEW will also develop and deliver a complete and personalized solution for the utility industry customers that can meet dynamic customer needs and create a connected experience. The partnership between Tech Mahindra and SEW will help in a rapid and consistent deployment of solutions, reduce customer query resolution time, enable high-quality automation resulting in the reduction of manual errors to give customers a strategic edge in the industry. As an experienced solution provider in the Energy and Utility business, Tech Mahindra will also address the utility industry’s challenges with a focus on innovative ideas and solutions.

“SEW is partnering with Energy and Water Utilities worldwide and our customers are asking for scalability, security, best in class CX , WX, AI/ML and other advanced and cutting edge energy and water cloud platform services. This partnership will enable us to gain access to Tech Mahindra’s proven expertise and implementation experience with leading global Utilities. Using SEW’s platforms, utility customers can adopt digital self-service capabilities, gain real-time insights on usage, manage profiles, pay bills, report outages, etc. It will further enable utility clients to transform their operations and optimize workforce efficiency.” said, Deepak Garg, Chairman and CEO of

Smart Energy Water

As part of the TechMNxt.NOW charter, Tech Mahindra is focused on futurizing the utility industry with a strategic transformation approach, powered by disruptive technologies, helping in delivering our promise to our customers to Run Better, Change Faster, and Grow Greater.

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