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Tag: Mahindra

Tech Mahindra aims for 50% revenue share from digital business

Loknath Das, , , , , , , , ,

Pune: IT services firm Tech Mahindra said that it was targeting a 50 per cent revenue share from digital business, even as it has trained 70 per cent of its IT workforce in digital skills. The company has partnered with FutureSkills, an initiative by industry body NASSCOM, to drive this reskilling program for employees. Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra, said, “We, at Tech Mahindra believe that successful digital transformation lies in ‘disrupting one’s own business before others do’. As part of our TechMNxt charter, we are investing…

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Kotak Mahindra Bank raises foreign investment limit

Loknath Das, , , , , ,

Kotak Mahindra BankNSE -0.36 % Ltd on Tuesday raised the limit on total shareholding of foreign institutional investors and foreign portfolio investors in the company to 45 percent from 43 percent. The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak’s stake in the bank.   [“source=economictimes.indiatimes”]

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Mahindra Group to invest Rs 2,325 crore in Maharashtra

Loknath Das, , , , , , , , ,

The Mahindra Group today announced over Rs 2,300 crore investment in the state in three projects of which as much as Rs 1,700 crore will be spend towards creating an entertainment destination at Kandivali, a northwestern suburb of the megapolis. Addressing the Magnetic Maharashtrainvestor summit here this evening Mahindra group chairman Anand Mahindra said his software company Tech Mahindra will invest Rs 125 crore to create an all-green tech hub in Nagpur that will create ate least 2,500 jobs. On the Rs 1,700-crore investment announced in the city, Mahindra said, “we are exploring to set…

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