Tech Mahindra said Q1 revenue rose marginally on a sequential, beating its previous guidance that revenue could fall over the same period in the first quarter.
In rupee terms, revenue rose 0.6 per cent to Rs 500.4 crore and profit after tax dropped to 11.6 per cent sequentially to Rs 67.2 crore.
Vakrangee Software, which offers financial inclusion and e-governance solutions, said its CEO Santosh Dash had resigned and that it had named its founder Dinesh Nandwana, as his replacement.
"The banking industry is taking bold steps toward cloud deployments and digital integration with surrounding applications," HCL CEO Anant Gupta said.
Government is looking to empanel 5 consultancies to implement Digital India program, a tender issued by the National e-Governance Division shows.
National Payments Corporation of India taps RS Software to build digital payments enablement platform
NPCI is implementing the Unified Payments Interface that will be used by banks to launch mobile payment products in the country.
Few startups had a significant level of transactions of that size but when RBI removed the floor, every software export transaction was targeted.
Infy is handing out what in IT industry parlance is known as ‘volume discounts’ to retain certain marquee clients, people familiar with the matter said.
KPIT said it is working on four areas to improve performance – profitability improvement, people development, predictability and growth.
The deal is structured as an asset purchase and is expected close at the end of August.
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