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CEO Mohit Joshi details three-track strategy to turnaround the IT services giant’s business; called old organisational structure hierarchical and siloed.

This will be a global role for Lobo, coming as a part of Tech Mahindra’s ongoing leadership restructuring under new CEO Mohit Joshi. Moneycontrol had earlier exclusively reported on this development.

Stocks to Watch on June 27, 2023: Lupin: As per reports, Lupin is considering a restructuring move to unlock value by demerging its API (active pharmaceutical ingredients) business

Stocks to watch: Shares of firms like Tata Motors, Oil Stocks, NTPC, Wipro, Lupin, Tech M, and others will be in focus on Monday's trade.

Tech Mahindra on Monday reported a 34.51 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,081.4 crore for the March quarter of the financial year 2020-21 (FY21) as against Rs 803.9 crore posted in the corresponding quarter last year. On a sequential basis, the figure was down 17.4 per cent from Rs 1,309.8 crore. The March quarter revenue stood at Rs 9,729.9 crore, up 2.5 per cent YoY and 0.85 per cent quarter-on-quarter (QoQ). The IT major had posted a revenue of Rs 9,490.2 crore in the same period year-ago and Rs 9,647.1 crore in the December quarter of FY21. In dollar ...