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Sensex drops 554 pts on weak global cues, Nifty ends 1.07% lower; Maruti, RIL, HCL Tech drag

Published: January 18, 2022

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

Source: fortuneindia.com

Sensex, Nifty reverse gains after sharp jump in early trade

Published: January 18, 2022

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

Source: indiatoday.in

Tech Mahindra - CTC Acquisition To Bolster Insurance Capability: Motilal Oswal

Published: January 18, 2022

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 companies (SWFT and Surance) for €20 mn

Source: bloombergquint.com

Tech Mahindra acquires Europe-based IT company for 310 million Euros

Published: January 18, 2022

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.

Source: uniindia.com