Tue, Nov 16, 2021
IT firm Coforge on Tuesday said it has filed papers with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of American Depositary Shares representing its equity shares.
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Mon, Mar 29, 2021
Axis Securities has initiated coverage on Coforge with a BUY rating and Target Price of Rs 3200, implying an upside of 16% from the current levels. Axis Securities says it belives Coforge is well placed to bounce back post the COVID-19 pandemic. Coforge share price closed at 2796, up Rs 45 or 1.6% in last session.
Wed, May 06, 2020
NIIT Technologies on Tuesday reported a 11.4 per cent rise in consolidated net profit at Rs 113.6 crore for the March 2020 quarter and said strong tech capabilities and sharp execution helped the company in winning large deals.
Mon, May 27, 2019
Hulst BV has acquired additional 1.6 lakh shares of NIIT Technologies from the open market, taking its shareholding in the mid-sized Indian IT firm to 32.38 per cent, a regulatory filing said Sunday.
Sun, May 19, 2019
Baring Private Equity Asia (BPEA) has acquired 30.50 per cent stake in mid-sized software services firm NIIT Technologies Ltd for about Rs 2,627 crore, a regulatory filing said Saturday.
Sat, May 04, 2019
"Consequent to recent judicial pronouncement in Australia, company has reassessed its position pertaining to applicability of GST, Fringe benefit tax and royalty tax in our acquired entity in Australia. Basis the reassessment, the company has filed voluntary disclosure with the Australian tax authorities. The impact of the same has been booked as exceptional items amounting to Rs 56 million and Profit after tax for the quarter is reflective of the same," the company said in a statement.
Sun, Apr 07, 2019
NIIT Technologies also signed a definitive agreement for selling its entire 88.99 per cent stake in Esri India Technologies Ltd to Environmental Systems Research Institute, Inc (Esri, Inc).
Wed, Oct 17, 2018
NIIT Technologies Wednesday reported 66.3 per cent jump in net profit to Rs 111.8 crore for the quarter ended September 30, 2018, driven by strong demand across sectors like BFSI and travel and transportation.
Thu, Jul 26, 2018
"NIIT's Corporate Learning Group business (CLG) continues to drive growth. It grew 28 per cent year-on-year during the quarter, added one new MTS customer and expanded operations with an existing client," NIIT Vice Chairman and Managing Director Vijay K Thadani said.
Sat, May 20, 2017
The appreciation of Indian rupee is likely to hurt margins of Indian IT companies likes TCS, Infosys, Wipro, among others Q1 of FY18 as their services are billed in global currencies mainly in the US dollar and strengthening of the currency will lower their export earnings.
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