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Tech Mahindra fire in Chennai sparks rapid evacuation and swift control, with no reported injuries

Tech Mahindra fire in Chennai sparks rapid evacuation and swift control, with no reported injuries

A major fire broke out at Tech Mahindra’s Chennai facility on Friday, prompting an immediate response from emergency services. The company said every employee was evacuated safely from the building and that there were no injuries or casualties reported. Tech Mahindra also confirmed the incident, adding that the blaze was brought under control quickly through close coordination with local authorities and emergency teams. Officials have not yet shared the cause of the fire in the available report.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Tech Mahindra and Vedanta swing as markets tumble for fourth straight session

Tech Mahindra and Vedanta swing as markets tumble for fourth straight session

Indian markets slid for a fourth straight session as pressure weighed on realty and jewellery stocks. Despite the broader weakness, ONGC and Vedanta advanced after government royalty cuts improved sentiment. Tech Mahindra also stood out among the day’s biggest movers, underscoring how policy-driven cues can spark sharp stock swings even amid continuing selloffs.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Tech Mahindra to buy 85 percent stake in Canada wealth firm for CAD 28 million

Tech Mahindra to buy 85 percent stake in Canada wealth firm for CAD 28 million

Tech Mahindra plans to acquire an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million. The move is designed to strengthen its BFSI capabilities, with a focus on payments modernization and wealth platform services. The acquisition is expected to close by July 31, supporting financial institutions as they push through digital transformation.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Tech Mahindra shares slip despite record dividend as profit miss rattles IT investors

Tech Mahindra shares slip despite record dividend as profit miss rattles IT investors

Tech Mahindra shares fell nearly 3% on Thursday, sliding to an intraday low of ₹1,418 and extending a four-day losing streak. The drop came as investors weighed a quarterly profit miss against the company’s record-high total dividend of ₹51 per share for FY26. Despite net profit rising 16% year-on-year to ₹1,354 crore, results came in about 10% below analyst estimates.

Summarised by Beize from a story on Republic on 24 Apr 2026
Tech Mahindra Q4 net jumps 16 percent to Rs 1,354 crore on large deal wins

Tech Mahindra Q4 net jumps 16 percent to Rs 1,354 crore on large deal wins

Tech Mahindra’s IT services arm reported a 16% jump in Q4 net profit to Rs 1,354 crore. Revenue stood at Rs 15,076 crore, rising 4.7% sequentially and 12.6% year-on-year. The company attributed the performance to large deal wins and growth across communications, BFSI, technology, and media and entertainment despite a tepid macro environment.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Tech Mahindra Shares Sink 5% Ahead of Q4 Results as Profit Takes Hold

Tech Mahindra Shares Sink 5% Ahead of Q4 Results as Profit Takes Hold

Tech Mahindra shares fell nearly 5% ahead of its crucial Q4 and FY results, despite brokerages projecting a 9% sequential rise in net profit to ₹1,453.8 crore. Traders booked profits as the stock dipped toward ₹1,428.60, with attention turning to management’s FY27 guidance and how “Project Fortius” restructuring is progressing.

Summarised by Beize from a story on Republic on 24 Apr 2026

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Tech Mahindra Q4 beats revenue estimates as shares swing back after profit miss

Tech Mahindra Q4 beats revenue estimates as shares swing back after profit miss

Tech Mahindra posted Q4 FY26 revenue of ₹15,076 crore, up 12.6% year-on-year and beating market estimates, marking its first double-digit growth in three years. Net profit was ₹1,354 crore, slightly below some projections, yet the stock recovered quickly from an early 6% dip and moved flat. The company declared a final dividend of ₹36 per share.

Summarised by Beize from a story on Republic on 24 Apr 2026
Tech Mahindra lands Europe deal and AI cloud push as FY27 guidance looms

Tech Mahindra lands Europe deal and AI cloud push as FY27 guidance looms

Tech Mahindra posted steady quarterly results, buoyed by a major Europe deal with Orange that analysts say may unlock future revenue. The firm is also backing AI startups via cloud services, even as it continues cost restructuring through headcount reductions. Investors are now focused on management guidance for FY27, with the dividend yield adding extra pull.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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