Tech Mahindra rises on partnering with Google
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Tech Mahindra is currently trading at Rs. 1052.30, up by 14.30 points or 1.38% from its previous closing of Rs. 1038.00 on the BSE.
The scrip opened at Rs. 1052.15 and has touched a high and low of Rs. 1058.25 and Rs. 1045.70 respectively. So far 12796 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1837.75 on 30-Dec-2021 and a 52 week low of Rs. 944.10 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1058.25 and Rs. 992.00 respectively. The current market cap of the company is Rs. 100973.78 crore.
The promoters holding in the company stood at 35.24%, while Institutions and Non-Institutions held 51.33% and 13.43% respectively.
Tech Mahindra and Google have inked a strategic partnership that licenses street-level imagery to Google toward the launch of their Street View feature in the country. The partnership will leverage output from Tech Mahindra’s ‘Gullyfy’ project done in collaboration with eco-system partners, and is being carried out by Tech Mahindra in accordance with the accuracy thresholds laid out in the geospatial guidelines.
As a part of the partnership, Tech Mahindra will be responsible for GIS processes from data creation, resourcing, insights generation, and the actual collection of the street-level imagery. The GIS framework gathers, manages, analyzes, and maps all types of vital datasets used across sectors and industries for cartography, administration, relational database management, programming, and spatial analytics, among others.
Over the past few years, Tech Mahindra has partnered with Google in the areas like Google Cloud, Engineering, Content Management, Contact Center Operations, Network Services, etc. to providing benefits to customers all over the world. This collaboration will further strengthen the company’s long-standing partnership with Google.
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.
