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Rakuten Symphony, a subsidiary of the Rakuten Group, has announced three memorandums of understanding (MoUs) with Cisco Systems, Airspan Networks, and Tech Mahindra. These partnerships aim to advance the adoption of Open Radio Access Network (Open RAN) solutions, which are designed to create a more secure and high-performance cloud-native, virtualized 4G/5G mobile network.

The partnership between Rakuten Symphony and Cisco will see the creation of a unified Private 5G mobile network offering, combining Cisco’s Mobility Services Platform-based Private 5G Solution with Rakuten Symphony’s Open RAN software solutions. This will help service providers transform their network architecture and prepare for the demands of their customers.

Airspan and Tech Mahindra will resell Rakuten Symphony’s Open RAN software licenses to telecom operators and enterprises globally, covering core elements such as Central Unit, Distributed Unit, and Operations and Management software. Tech Mahindra will also serve as a preferred systems integrator for Rakuten Symphony.

The MOUs mark a significant step forward in the industry’s transition to cloud-native, virtualized 5G networks. The partners believe that their collaboration will help operators and equipment vendors address the challenges of deploying next-generation networks, which are essential for a more connected and sustainable future.

Rakuten Symphony’s Real Open RAN Licensing Program is a game-changer in the industry, as it provides a subscription-based model for companies to access and integrate Rakuten’s market-proven Open RAN software advancements. This model democratizes RAN technology, allowing companies to innovate and shorten their time-to-market for new network solutions. The program’s open community subscription model will lower the barrier of entry and increase collaboration, setting a new standard for innovation and performance in the telecom industry. The partnerships announced today are a testament to Rakuten Symphony’s commitment to shaping the future of connectivity and its partnerships with industry leaders.

Tech Mahindra, a leading technology consulting and digital solutions company, has partnered with The Open University (OU), a UK-based academic institution, to drive innovation, skills development, and entrepreneurship in emerging technologies such as Artificial Intelligence (AI), Extended Reality (XR), and Generative AI (GenAI). The Memorandum of Understanding (MoU) aims to bridge the gap between cutting-edge technologies and real-world applications, focusing on responsible and ethical technology development.

The partnership will advance research in high-tech solutions, addressing global challenges like the digital divide and sustainable urban development, and expand OU’s Open Societal Challenges program to tackle inequality, sustainability, and barriers to well-being. Tech Mahindra’s expertise in digital transformation and OU’s leadership in education and research will provide students and professionals with future-ready skills, enabling them to specialize in AI, digital twins, and large language models (LLMs).

The collaboration will create a new generation of tech-driven entrepreneurs and industry-ready professionals, with Tech Mahindra’s President and Head of Europe Business, Harshul Asnani, highlighting that “technology is a powerful enabler of change” and that the partnership will address pressing societal challenges and equip future talent with the skills needed to adapt to emerging technologies. OU’s Pro-Vice-Chancellor for Research and Innovation, Kevin Shakesheff, noted that the partnership will create solutions that drive innovation and aligns with OU’s mission to provide accessible, high-quality learning opportunities with a global impact.

This strategic alliance reinforces Tech Mahindra’s commitment to innovation, social responsibility, and talent development, while positioning OU as a leader in technology-enabled education and research. It also makes Tech Mahindra an attractive employer of choice, offering professionals the opportunity to work on next-generation technologies with real-world impact.

Tech Mahindra, a leading IT services company, has opened its Americas headquarters in Plano, Texas, marking a significant milestone in its commitment to the US market. The new office, the company’s 19th in the US, will house various operational functions, including consulting, delivery, and customer support services. Additionally, an Innovation Lab will be established within the premises, focusing on developing new technologies, accelerating innovation, and advancing research to address the evolving needs of clients across industries.

The lab will serve as a center of excellence, driving technological innovation and providing advanced solutions to customers. The opening of the office and the innovation lab was marked with a ceremony attended by John B Muns, the Mayor of Plano, Melanie Royer, a representative of US Congressman Pat Fallon, Tech Mahindra leaders, and customers.

This expansion is a testament to the company’s continued growth and commitment to the US market. Tech Mahindra’s presence in Plano will not only create new job opportunities but also facilitate collaboration between the company’s global talent pool and local professionals. The innovation lab will also enable the company to develop cutting-edge solutions and work with local start-ups, academia, and research institutions to drive innovation in the region.

The company has been expanding its presence in the US over the past few years, and this new office and innovation lab marks a significant milestone in that journey. Tech Mahindra’s commitment to the US market is reflected in its investment in people, infrastructure, and technology, which will enable it to deliver high-quality services to its clients and contribute to the growth of the local economy. With this expansion, Tech Mahindra is well-positioned to drive innovation and growth in the region, and its presence in Plano will pave the way for further partnerships and collaboration with local stakeholders.

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Zaggle, a leading provider of artificial intelligence (AI) and machine learning (ML) powered spend management solutions, has announced a strategic partnership with Tech Mahindra, a global technology consulting and IT services company. The partnership aims to co-create comprehensive spend management solutions for corporate clients.

The partnership will leverage Zaggle’s AI-driven spend management capabilities with Tech Mahindra’s expertise in enterprise IT services, consulting, and digital transformation. This collaboration will enable both companies to provide customized and robust spend management solutions to their clients, ensuring greater efficiency, transparency, and cost savings.

Zaggle’s AI-powered spend management solutions use machine learning algorithms to analyze and categorize spend data, identifying areas of inefficiency and opportunities for cost reduction. The company’s platform provides real-time visibility into an organization’s spend patterns, enabling executives to make data-driven decisions and optimize their spend management strategies.

Tech Mahindra, on the other hand, brings its expertise in IT services, consulting, and digital transformation to the table. The company has a strong presence in over 180 countries, with a vast network of clients across various industries.

The partnership is expected to enable the companies to deliver cutting-edge spend management solutions to their clients, helping them achieve significant cost savings, improve operational efficiency, and enhance visibility into their spend patterns. The solutions will be designed to cater to the specific needs of clients across various industries, including finance, healthcare, manufacturing, and more.

This partnership is a significant step towards redefining the way companies approach spend management. By bringing together AI-driven spend management solutions with the expertise of Tech Mahindra, the companies aim to provide tailored solutions that meet the unique needs of each client. The partnership is poised to revolutionize the way organizations manage their expenses, streamlining processes, and driving business growth.

In a statement, the CEO of Zaggle mentioned that the partnership will enable the company to expand its reach and offer more comprehensive solutions to its clients. The CEO of Tech Mahindra expressed similar sentiments, citing the partnership as a strategic move to strengthen their presence in the artificial intelligence and machine learning space. The collaboration is expected to create new revenue streams and enhance the companies’ mutual growth prospects.

By partnering with Tech Mahindra, Zaggle is poised to gain access to a vast global network of clients, while Tech Mahindra will leverage Zaggle’s expertise in AI-driven spend management. The partnership has the potential to create significant value for both companies and their clients, solidifying their positions as leading providers of spend management solutions.

Rakuten Symphony, a global leader in software-driven network architecture, has announced the first partners for its Real Open RAN (ROR) licensing program, a groundbreaking initiative aimed at accelerating the adoption of open, interoperable, and cost-effective wireless networks. The program’s inaugural partners are Cisco, Airspan, and Tech Mahindra, three industry stalwarts with extensive experience in the telecommunications sector.

The Real Open RAN (ROR) program is designed to promote the development and deployment of open, interoperable, and affordable 5G and 4G wireless networks. By opening up its proprietary architecture, Rakuten Symphony aims to speed up the evolution of the telecommunications industry, enabling a more competitive and innovative market. The program will focus on sharing knowledge, expertise, and resources among its partners, vendors, and operators, promoting a collaborative environment for the development of open and interoperable 5G and 4G solutions.

Rakuten Symphony’s flagship 4G and 5G network, Rakuten Mobile in Japan, is built on an open RAN architecture, showcasing the benefits of this technology, such as increased efficiency, reduced costs, and improved customization. The company’s Real Open RAN program is designed to replicate this success in other parts of the world, working closely with industry leaders like Cisco, Airspan, and Tech Mahindra.

Cisco is a global leader in networking and cybersecurity, with a strong presence in the telecommunications industry. The company has committed to working with Rakuten Symphony on the development of open RAN solutions, leveraging its expertise in networking and security to accelerate the adoption of this technology.

Airspan, a leading provider of 5G and 4G open RAN solutions, will contribute its expertise in 5G and 4G networks, as well as its experience in the development of open RAN systems. Tech Mahindra, a global information technology company with a strong presence in the telecommunications industry, will bring its expertise in software development, consulting, and network operations to the partnership.

Through this collaboration, Rakuten Symphony, Cisco, Airspan, and Tech Mahindra will drive the development of innovative, interoperable, and cost-effective wireless networks. The partners will work together to create a vibrant ecosystem, encouraging other companies to join the Real Open RAN program and promoting the widespread adoption of open RAN technology. This initiative will help accelerate the digital transformation of the telecommunications industry, enabling operators to offer faster, more reliable, and more affordable services to their customers.

Tech Mahindra has announced a strategic collaboration with Qualcomm Technologies to integrate its proprietary AI model, IndusQ LLM, into the Qualcomm AI Hub. This partnership enables the integration of Tech Mahindra’s AI technology with Qualcomm’s platform, allowing for the deployment of on-device AI models. This achievement makes Tech Mahindra the only Global System Integrator (GSI) to complete this integration, according to the company.

The partnership aims to provide scalable AI solutions for enterprises globally, making AI more accessible and offering developers enterprise-ready solutions for real-time insights, automation, and decision-making at the edge. The integration also enhances on-device computing capabilities, supporting new use cases across different network conditions. For developers, the direct integration on the device allows for faster deployment and more efficient application scaling, removing the need for complex setups.

The collaboration is particularly notable for businesses operating in multilingual regions, as Tech Mahindra’s AI model incorporates Hindi and its 37 dialects, enabling the development of tailored solutions for various markets and overcoming language barriers. The partnership addresses the needs of businesses looking to tap into advanced AI capabilities to enhance operational efficiency, automation, and customer experience at the edge.

According to Nikhil Malhotra, Chief Innovation Officer and Global Head of AI and Emerging Technologies at Tech Mahindra, the collaboration addresses the need for AI research and development to bring AI to the edge, ensuring low computing and low carbon facets. The partnership is a significant step forward in making AI more accessible and usable for businesses, enabling them to leverage advanced AI capabilities to drive innovation and growth.

Tech Mahindra, a global provider of technology consulting and digital solutions, has joined the AI-RAN (Artificial Intelligence- Radio Access Network) Alliance, a global initiative focused on developing and deploying AI-driven solutions within Radio Access Networks (RAN) to enhance internet connectivity. The alliance aims to leverage AI to improve spectral efficiency, optimize infrastructure, and generate revenue opportunities in mobile networks.

As a member of the alliance, Tech Mahindra will contribute its expertise in network architecture, AI, Open RAN, and 5G technologies to support the development of AI-native RAN solutions that enhance network performance and efficiency. The company’s Chief Technology Officer, Manish Mangal, stated that the alliance enables Tech Mahindra to collaborate with telecom operators, vendors, and AI experts to develop future-ready solutions that drive innovation and efficiency in next-generation networks.

The AI-RAN Alliance consists of several members, including SoftBank Corp.’s Research Institute of Advanced Technology, who praised Tech Mahindra’s expertise in network architecture, AI, and 5G technologies, stating that the company’s involvement will be invaluable in advancing the alliance’s mission.

The AI-RAN Alliance’s focus is on building ‘AI or RAN,’ where AI is used to improve spectral efficiency, integrate AI and RAN processes, and deploy AI services through RAN to increase operational efficiency and offer new services to mobile users. However, the adoption of Open RAN (O-RAN) has been slow due to interoperability issues, security concerns, and the lack of proven cost advantages over proprietary network systems.

Apple has partnered with Tech Mahindra, a leading Indian IT company, to enhance its mapping services in India. As part of this collaboration, Apple will send teams equipped with portable imaging and LiDAR (Light Detection and Ranging) backpacks to conduct a ground survey of the country. This initiative is aimed at refining the accuracy and completeness of Apple Maps in India.

The partnership between Apple and Tech Mahindra is significant, given India’s vast and diverse geography, with over 1.38 billion people, more than 22 languages, and a wide range of urban and rural environments. Apple’s goal is to provide users with the most accurate and reliable mapping experience possible, and this collaboration is a crucial step towards achieving that goal.

The teams will be equipped with specialized backpacks that will help them collect data on various aspects of the Indian landscape, including roads, buildings, traffic patterns, and more. This data will be used to improve the quality and accuracy of Apple Maps, enabling users to navigate India’s cities and towns more effectively.

The partnership is a significant milestone in Apple’s efforts to expand its mapping capabilities in India, following the company’s decision to end its reliance on Google Maps for mapping data. In 2019, Apple Maps was launched in India, initially with limited coverage, but with this partnership, the company aims to rapidly expand its coverage and improve the overall user experience.

The collaboration with Tech Mahindra will help Apple gather detailed data on India’s complex urban and rural infrastructure, including roads, roadsides, and landmarks. This data will also help Apple improve its routing and navigation capabilities, enabling users to plan their trips more effectively.

Overall, the partnership between Apple and Tech Mahindra has the potential to revolutionize the way Indians experience navigation and mapping, providing them with a more accurate, reliable, and user-friendly experience. With this collaboration, Apple is taking a significant step towards cementing its position as a leading player in the Indian technology market.

Tech Mahindra, a leading provider of technology solutions, has achieved formal validation from the Science Based Targets initiative (SBTi) for its Net-Zero targets, becoming the first Mahindra Group company to secure this recognition. This milestone underscores the company’s commitment to addressing global climate change and achieving the 1.5°C trajectory. Tech Mahindra’s sustainability initiatives have already yielded notable results, with renewable energy accounting for 31% of energy consumption at owned locations and 22.96% globally as of 2024. The company has also reduced Scope 1 and Scope 2 emissions by 31% compared to the 2016 baseline year.

Tech Mahindra has set ambitious targets to achieve net-zero greenhouse gas emissions across its value chain by 2035. The company aims to reduce its absolute Scope 1 and 2 emissions by 58.8% by 2030 and 90% by 2035 compared to 2016. Additionally, it has committed to decreasing absolute Scope 3 emissions by 90% by 2035 from 2020 levels.

Sandeep Chandna, Chief Sustainability Officer, emphasized that achieving SBTi validation demonstrates Tech Mahindra’s alignment with global sustainability standards. The company is dedicated to embedding sustainability into its operations and helping customers achieve their environmental, social, and governance (ESG) goals through innovation and technology.

Tech Mahindra’s sustainability efforts extend beyond emissions reduction, incorporating eco-design principles, energy efficiency, and reliance on renewable energy sources. The company also promotes green mobility, offers eco-friendly commuting options, and works with suppliers to promote sustainable practices across its supply chain. With its dedicated ESG talent pool and comprehensive consulting services, Tech Mahindra is well-positioned to drive positive change in the industry.

The Chief Operating Officer (COO) of Tech Mahindra, Atul Soneja, has emphasized the importance of building digital infrastructure and upskilling in small cities to stay ahead in the competitive tech landscape. Soneja believes that digital infrastructure is the backbone of any successful business and that upskilling is crucial for employees to adapt to the rapidly changing technology landscape.

According to Soneja, small cities have a unique advantage in building digital infrastructure, citing their relatively lower costs, flexible regulatory environments, and proximity to talent pools. He believes that by leveraging these advantages, small cities can become hubs for innovation, entrepreneurship, and growth.

To achieve this, Soneja suggests that key stakeholders, including governments, educational institutions, and businesses, must come together to create a conducive ecosystem. This can be achieved by providing access to digital infrastructure, offering training and upskilling programs, and fostering a culture of innovation and collaboration.

Soneja also emphasizes the need for companies to invest in talent development, recognizing that upskilling is essential for employees to remain relevant in the job market. He suggests that businesses should focus on developing skills such as data analytics, cloud computing, and artificial intelligence to stay ahead of the competition.

In conclusion, Atul Soneja’s call to action for building digital infrastructure and upskilling in small cities is a timely and relevant one. By working together, key stakeholders can create a thriving ecosystem that drives growth, innovation, and competitiveness.

Tech Mahindra, a leading IT services and consulting company, has announced a Mega Walk-In Drive for 2025, offering exciting career opportunities for freshers and experienced professionals. The drive is aimed at hiring talented individuals for customer support, voice process, IT services, and other roles across multiple locations.

The eligibility criteria include:

* Educational Qualification: High School (10+2), Diploma, or Bachelor’s Degree in any discipline for customer support roles, and Bachelor’s Degree in Computer Science, IT, Electronics, or related fields for IT and software roles.
* Experience Requirements: Freshers are welcome for entry-level roles, while experienced professionals (1-5 years) are preferred for mid-level roles.
* Required Skills: Excellent communication skills, technical knowledge (for IT roles), and flexibility for rotational shifts.

The salary offered varies depending on the role and experience level, ranging from ₹18,000 to ₹80,000 per month. Additional benefits include performance-based incentives, health insurance, paid leave, and flexible work schedules.

The walk-in drive is open to freshers and experienced professionals, and no registration fee is required. To prepare, candidates should:

* Check the official announcement on the Tech Mahindra Careers Portal for walk-in schedules and venue details.
* Prepare required documents, including an updated resume, ID proof, educational certificates, and passport-size photos.
* Dress professionally and attend the walk-in interview, arriving 30 minutes early.
* Clear the selection process, which includes initial screening, written aptitude/technical test (for IT roles), and personal interview with the HR team.

Tech Mahindra is one of India’s top IT and BPO companies, with a strong global presence in 90+ countries and over 150,000 employees. The company is committed to driving innovation in technology and business solutions, providing a dynamic work environment and career growth opportunities to its employees.

BNP Paribas Securities has a neutral call on Tech Mahindra with a target price of Rs 1485, which is lower than the current market price of Rs 1654.75. The company is a Large Cap IT software firm with a market capitalization of Rs 162738.66 crore. In the latest quarter, Tech Mahindra reported a consolidated total income of Rs 13834.72 crore, a 5.21% increase from the previous quarter and a 5.38% increase from the same quarter last year. The company’s net profit after tax was Rs 1256.88 crore.

The brokerage firm notes that investors are hopeful that Tech Mahindra will see a turnaround under its new CEO, who has reorganized the company to bring agility, service line innovation, delivery quality, and better economics. The CEO’s target is to push Tech Mahindra’s revenue growth above the peer average and EBIT margin to 15%. However, BNP Paribas is concerned about the execution risk to the company’s growth turnaround, especially in the absence of strong deal-win momentum.

The brokerage firm values Tech Mahindra using a discounted cash flow (DCF) methodology, with a revenue growth rate of 10.5%, a weighted average cost of capital (WACC) of 11.5%, and a terminal growth rate of 5%. The main upside risks to the target price are a swift recovery in the company’s CME vertical performance, improvement in deal wins, and a sharp increase in EBIT margin. The main downside risks are continued project stoppages and techspend cuts by customers, a sharper-than-expected decline in global economic activity, margin pressure from increased competition, and sustained Indian rupee appreciation against the US dollar.

As of September 30, 2024, promoters held a 35.03% stake in the company, while foreign institutional investors (FIIs) owned 23.66%, and domestic institutional investors (DIIs) owned 30.83%.

Tech Mahindra, a leading Indian IT solutions and services company, has achieved a prestigious ranking in the S&P Dow Jones Sustainability Indices (DJSI) 2024. According to the latest annual assessment, Tech Mahindra has ranked 1st in India and 2nd globally in the IT Services category. The company has demonstrated strong sustainability practices and corporate governance, with a focus on environmental and social issues.

The DJSI is a globally recognized benchmark for corporate sustainability, evaluating companies’ performance in three main categories: environment, social, and governance. Tech Mahindra’s ranking is a testament to its commitment to building a sustainable future while delivering innovative solutions to its customers. The company’s sustainability efforts focus on reducing carbon emissions, conserving energy, and promoting diversity and inclusion.
This achievement solidifies Tech Mahindra’s position as a responsible and sustainable business leader, and it is expected to increase confidence among investors and stakeholders alike.

The automotive industry is evolving, with complex vehicles driven by software and customers expecting seamless, tailored, and flexible digital experiences. To meet these demands, automakers and dealerships are adopting digital transformation and new technologies like Augmented Reality (AR) and Generative AI. Tech Mahindra’s Intelligent Extended Reality Tracing (iXRT) AR solution, powered by Generative AI on AWS, provides real-time guidance and interactive circuit schematics, enabling faster and more accurate vehicle diagnostics and troubleshooting.

The solution addresses challenges in vehicle complexity, training costs, skill gaps, tool integration issues, and remote troubleshooting limitations. The iXRT AR solution streamlines complex circuit designs, provides real-time guidance, and interactive schematics for rapid and precise diagnostics. It also empowers dealers to repair vehicles remotely, reducing downtime and costs.

The solution consists of three components: the client application, web-based AR application, and generative AI capability. It utilizes AWS services such as Amazon CloudFront, Amazon API Gateway, Amazon S3, Amazon DynamoDB, and Amazon Kendra and Amazon Bedrock to provide a seamless experience. The solution optimizes efficiency, cost-effectiveness, and peace of mind for customers during vehicle diagnostics and repair processes. By adopting this solution, automakers and dealers can enhance their digital customer experience and build strong brand-owner relationships.

Tech Mahindra, a global provider of technology consulting and digital solutions, has been recognized as a global sustainability leader by the S&P Dow Jones Sustainability Indices (DJSI) 2024. The company was ranked 1st in India and 2nd globally in the “TSV IT services” segment, with a score of 88 and 100% respectively. This marks Tech Mahindra’s 10th consecutive year of inclusion in the DJSI World Index and DJSI Emerging Markets. The company has committed to creating a positive environmental impact and achieving targets such as Net Zero by 2035, Carbon Neutrality by 2030, and 90% renewable energy sourcing by 2030. Tech Mahindra’s sustainability initiatives include implementing an internal carbon pricing mechanism, driving investments in renewable energy, green buildings, and energy-efficient technologies. The company aims to become water-positive by 2030 and achieve 100% Zero Waste to Landfill certification across all owned facilities. This recognition demonstrates Tech Mahindra’s commitment to sustainability and creating value for its stakeholders and the planet.

Tech Mahindra, a leading technology consulting and digital solutions provider, has been recognized as a global sustainability leader by the S&P Dow Jones Sustainability Indices (DJSI) 2024. The organization has been ranked 1st in India and 2nd globally in the “TSV IT services” segment with an impressive score of 88 and 100 percentile. This marks Tech Mahindra’s 10th consecutive year of inclusion in the DJSI World Index and DJSI Emerging Markets. The company’s commitment to sustainability is evident in its ambitious targets, including Net Zero by 2035, Carbon Neutrality by 2030, and 90% renewable energy sourcing by 2030. Tech Mahindra also aims to become water-positive by 2030 and achieve 100% Zero Waste to Landfill certification. The company’s internal carbon pricing mechanism drives strategic investments in renewable energy, green buildings, and energy-efficient technologies. This recognition solidifies Tech Mahindra’s position as a global leader in sustainability, committed to creating value for its stakeholders and the planet.

CLSA, a global investment bank, has expressed bullishness on two Indian IT companies, Persistent Systems and Tech Mahindra, citing potential upside of up to 27% following Accenture’s strong Q1 results. Accenture’s beat in Q1 2023 has sparked hopes of a similar performance from Indian IT majors like Persistent Systems and Tech Mahindra. CLSA believes that Accenture’s success is due to its focus on strategic client relationships, innovation, and cost management, which are also key strategies being adopted by Indian IT companies.

CLSA has set a target price of ₹1,350 for Persistent Systems, implying an upside of 21%, and ₹242 for Tech Mahindra, implying an upside of 27%. The brokerage firm cites Persistent Systems’ strong pipeline of deals and Tech Mahindra’s operational leverage as key factors supporting its optimism. Additionally, CLSA expects both companies to benefit from growing demand for digital transformation services and cloud-based solutions. Overall, CLSA’s bullish call on Persistent Systems and Tech Mahindra reflects the brokerage firm’s positive outlook on the Indian IT sector, driven by strong industry growth and improving profitability.

Pallavi Katiyar, a Principal Engineer at Tech Mahindra, shares her secrets for managing her to-do list and prioritizing her tasks effectively. She stresses the importance of focusing on high-impact tasks, rather than trying to check off every item on the list. Katiyar advocates for the “eat that frog” approach, which involves tackling the most challenging task first thing in the morning. She believes that this helps to reduce mental clutter and increase motivation.

Katiyar also emphasizes the importance of “time blocking,” where you dedicate specific time slots for specific tasks. This approach helps to avoid multitasking and minimize distractions. Additionally, she recommends setting a “stop doing” list, where you identify tasks that are no longer important or can be delegated.

Katiyar’s key takeaway is that a shorter to-do list is a more effective one. She encourages individuals to prioritize high-impact tasks, break them down into smaller, manageable chunks, and then eliminate non-essential items. By doing so, individuals can reduce stress and increase productivity, allowing them to achieve more in less time.

Tech Mahindra, a leading IT company, is eyeing a larger share of the global banking technology (fintech) spends. According to the company’s CEO, CP Gurnani, Tech Mahindra aims to increase its presence in the fintech space and capture a significant portion of the estimated $20 billion annual spends by banks globally. The company has identified fintech as a key growth area and has made significant investments in the sector. Tech Mahindra has already partnered with several major banks and financial institutions, including the Bank of America, to deliver cutting-edge fintech solutions.

The company’s focus on fintech is driven by the growing demand for digital banking services and the increasing need for banks to transform their technology infrastructure to remain competitive. Tech Mahindra’s CEO believes that the company’s expertise in areas such as artificial intelligence, blockchain, and cybersecurity will enable it to stay ahead of the competition in the fintech space.

With its sights set on a bigger bite of the fintech spends, Tech Mahindra is expected to continue its investment in the sector and expand its partnerships with major banks and financial institutions. The company’s strategy is to offer a range of fintech solutions, including digital lending, payment processing, and blockchain-based transactions, to help banks stay ahead of the curve in the rapidly changing fintech landscape.

Tech Mahindra, a mid-tier IT services firm, is on the right track with its turnaround strategy, but winning large deals is crucial to demonstrate sustainability, analysts and market experts said. The company has embarked on a journey to improve revenue and operating margin performances, with a three-year plan titled “Vision 2027”. In the first two quarters of FY25, the company has shown improved performance, but analysts believe that winning large deals is essential to achieve a real turnaround. The company’s CEO, Mohit Joshi, and CFO, Rohit Anand, are confident that they will continue to meet expectations in the second half of the year. However, Pareekh Jain, Founder of Pareekh Consulting, noted that the company faces challenges in growing both revenue and margin simultaneously, and winning large deals will be a test of its turnaround strategy.

Tech Mahindra, an Indian IT services provider, plans to expand its large language models that support local languages in India. This move aims to capitalize on the growing demand for generative AI and attract new clients. The company will compete with global giants like Alphabet, Meta, and OpenAI, which are already dominating the market. By focusing on local languages, Tech Mahindra seeks to differentiate itself and tap into the vast Indian market. The move is part of the company’s strategy to diversify its services and stay relevant in the competitive IT industry. With India being a significant market for tech outsourcing, Tech Mahindra’s decision to focus on local languages is a smart move to tap into this demand. The company plans to leverage its vast repository of Indian language expertise to develop a unique set of AI models that can help customers across various industries, including banking, healthcare, and education.

USI (University of Salford Institute) and Tech Mahindra have collaborated to drive engineering innovation in India. The partnership aims to develop industry-ready talent and research excellence in the field of engineering, with a focus on artificial intelligence (AI), Internet of Things (IoT), and data analytics. The collaboration will provide opportunities for students and faculty members to work on projects and develop solutions for real-world problems. Tech Mahindra will provide resources, expertise, and mentorship to students, while USI will offer its academic infrastructure and research facilities. The partnership is expected to boost the employability of USI students and enhance their career prospects in the industry. Additionally, the collaboration will enable Tech Mahindra to tap into the talent pool of USI students and keep itself updated with the latest technologies and trends in the industry. This partnership is seen as a great opportunity for both institutions to drive innovation and growth in the field of engineering in India.

Tech Mahindra announced that its board of directors has approved a plan to merge its wholly-owned subsidiary, Eventus Solutions Group, LLC, with its parent company, Tech Mahindra (Americas) Inc. The merger is subject to regulatory approvals in the US and is expected to take effect on January 1, 2025. The companies said the merger will result in synergy of business operations, optimization of operational costs, and reduction of compliance risks. Eventus provides implementation, consulting, and managed services to large corporate and governmental clients in the US, while TMA provides computer consulting, programming support services, and IT management and consulting services to clients in various industries, including healthcare. The merger is exempt from regulatory requirements since it is between two wholly-owned subsidiaries of the company.

ColorTokens, a global microsegmentation company, and Tech Mahindra, a leading technology consulting and digital solutions provider, are expanding their partnership by launching “Breach Ready” microsegmentation solutions. The solutions aim to enhance cybersecurity posture for global enterprises through a Zero Trust security architecture. The partnership combines Tech Mahindra’s cybersecurity expertise with ColorTokens’ Xshield Enterprise Microsegmentation Platform, dividing the network into smaller environments and providing application-based access to authorized users. The solutions also offer AI-powered analytics, customized dashboards, and contextual reporting to meet compliance requirements.

The collaboration will provide enhanced protection against cyber threats, including granular application-level security and full visibility for containerized, cloud-native environments. Tech Mahindra’s expertise in analyzing enterprise environments and delivering cybersecurity solutions to over 300 clients across 50 countries complements ColorTokens’ breach ready framework. The partnership aims to help enterprises maintain cyber resilience against changing threat dynamics and mitigate the impact of security breaches. The two companies are committed to securing customer data in hybrid cloud environments and enabling enterprises to be future-ready.

ColorTokens, a leading enterprise microsegmentation company, and Tech Mahindra, a global provider of technology consulting and digital solutions, have launched a new partnership to provide “Breach Ready” microsegmentation solutions. The solutions are built on ColorTokens’ industry-leading microsegmentation platform and aim to enhance cybersecurity posture for global enterprises. The partnership combines Tech Mahindra’s cybersecurity expertise with ColorTokens’ Xshield Enterprise Microsegmentation Platform to create a robust security framework that minimizes the impact of potential breaches. The solutions will provide application-based access to authorized users, granular application-level security, and complete visibility for containerized, cloud-native environments. The partnership will also offer AI-powered analytics, customized dashboards, and contextual reporting to meet compliance requirements. The companies aim to help enterprises maintain cyber resilience against changing threat dynamics and drive digital transformation.

Tech Mahindra and ColorTokens are partnering to deliver next-generation microsegmentation security solutions for global enterprises. This partnership aims to provide robust and scalable security solutions to protect businesses from increasing cyber threats. Microsegmentation is a critical aspect of modern cybersecurity, as it involves isolating and containing sensitive data and applications within a network.

The combined expertise of Tech Mahindra, a leading Indian IT company, and ColorTokens, a cutting-edge cybersecurity firm, will enable the development of innovative security solutions that can be deployed in a range of industries, including employment and education. The solutions will utilize AI-powered threat detection, machine learning, and other advanced technologies to detect and respond to emerging threats in real-time.

The partnership is expected to result in the delivery of customized and scalable security solutions that cater to the unique needs of global enterprises, ensuring the confidentiality, integrity, and availability of their critical data and systems. This collaboration will further strengthen both companies’ positions in the cybersecurity landscape, driving the development of cutting-edge security solutions that can address the evolving threat landscape.

Mahindra Racing visited Mackenzie University in São Paulo ahead of the Formula E season opener to inspire and educate the next generation of engineers. Drivers Nyck de Vries and Edoardo Mortara, along with team principal Frederic Bertrand, spoke to students about STEM topics and took a tour of the campus. The team also gave a behind-the-scenes look at Tech Mahindra’s work supporting the Mahindra Racing team. The students had the opportunity to ask questions and learn about career paths in the motorsport industry. Bertrand emphasized the importance of sharing the passion for Formula E with the next generation, and hoped to see some of the students in the sport in the future. Tech Mahindra, a partner of Mahindra Racing, is committed to nurturing young talent and developing engineers for the industry. The visit aimed to inspire the students and provide them with a glimpse into the world of Formula E.

Tech Mahindra Limited has received an order from the Office of Deputy Commissioner of State Tax, Pune, Maharashtra for a penalty of INR 3,939,338 under the Goods and Services Tax (GST) Act. This is in connection with a GST audit for the financial year 2020-21 for the company’s Maharashtra non-SEZ location. The company has assessed the situation and plans to file an appeal, expecting a favorable outcome at the appellate level. As a result, the company does not anticipate a material financial impact from this order. The order was received on December 5, 2024, at 5:43 PM (IST). The company’s financial, operating, and other activities are not expected to be significantly affected by this development.

Tech Mahindra, a leading provider of digital transformation, consulting, and industry-specific solutions, has partnered with ColorTokens, a pioneer in microsegmentation technology, to deliver next-generation microsegmentation security solutions to global enterprises. The partnership aims to help organizations enhance their cybersecurity posture by segmenting their networks into isolated, policy-enforced micro-segments, ensuring that only authorized entities have access to sensitive data and applications. This technology is designed to reduce the attack surface, prevent lateral movement, and minimize the impact of security breaches.

The joint solution will enable organizations to create a highly secure and agile network architecture, allowing them to adopt a zero-trust model, where every device and user is treated as a potential threat. The microsegmentation technology will be integrated with Tech Mahindra’s managed security services and consulting expertise to provide comprehensive security solutions to global enterprises. The partnership will enable customers to benefit from a robust and scalable security architecture, enhanced threat detection and response, and reduced security risks.