Com Tec Co News Today

Tech Mahindra CEO & MD Mohit Joshi on AI, growth, and the way ahead - Issue Date: Apr 14, 2024

This past year has seen multiple billion-dollar-plus acquisitions in hardware, software, and services, as well as plenty of smaller, strategic merger activity in areas vital to enterprise IT.

The domestic stock indices are likely to trade flat on Tuesday ahead of the Union Budget 2022-23 presentation.

The BSE Sensex and the NSE Nifty are likely to open on a flat note on Tuesday as trends on SGX Nifty indicate a muted opening for the Indian bourses.

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Indian share market ended nearly 1% lower on Tuesday, as weak Asian and European cues prompted investors to book profit.

Benchmark market indices fell after gaining sharply in early trade to hit a near three-month high.

Tech Mahindra has announced the acquisition of Com Tec Co IT, an East European IT Services company with a presence in the digital engineering and outsourced product development space, for €310 million. CTC services clients in the Insurance vertical, which should strengthen Tech Mahindra’s capabilities in that space. It has development centers in Eastern Europe (Latvia Belarus) and has a workforce of 720. Tech Mahindra has also acquired a minority stake in two group software-as-a-service...

Uniindia: New Delhi, Jan 17 (UNI) Tech Mahindra on Monday announced 100 per cent acquisition of stakes in Europe-based IT solutions and service provider Com Tec Co IT (CTC) for 310 million Euros, (around Rs 26 billion), including earnouts and synergy-linked payouts.

The acquisition of CTC is the second-largest acquisition that Tech Mahindra has made after scam-hit Satyam in April 2010