INFOTECH ENTERPRISES
Happiest Minds Q2 Results: Profit rises 15% to Rs 62 crore; revenue up 12% to Rs 645 crore
Happiest Minds Technologies has seen a 15.12% rise in consolidated net profit for the September quarter FY27. Revenue from operations also increased by 12.5% compared to the previous year. The company announced an interim dividend of Rs 3.05 per equity share for the 2026-27 fiscal year. An exceptional charge was included in the quarter's results due to a proposed merger with ITC Infotech.
ITC Infotech launches 'VANGUARDS': An elite forward- deployed engineering cadre to accelerate enterprise AI transformation
ITC Infotech has launched the VANGUARDS program aimed at fostering high-potential engineers to drive AI transformation. This program connects technical expertise with business needs to achieve measurable outcomes. VANGUARDS engineers will work directly within client environments to enhance innovation and improve alignment between teams. The initiative reflects a shift from experimentation to scalable execution of AI solutions. Organizations can expect improved speed in realizing AI investments to achieve business impact.
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFI’s H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
IPO Calendar: Quiet week ahead after Rs 39,000 crore September rush, but Street to see 29 listings
The momentum had picked up sharply from August, after a muted first four months of FY27, as stronger listing gains and steady liquidity pulled investors back into new issues.
ET Business Excellence & Leadership Summit 2026: Celebrating visionaries redefining growth & leadership
The ET Business Excellence & Leadership Summit 2026 brought together leaders to discuss brand development, innovation, and sustainability. Panel discussions featured prominent voices discussing resilience and leadership in uncertain times. A felicitation ceremony honored individuals and organizations for their contributions across various sectors. Key insights emphasized the importance of collaboration and strategic thinking in driving future success
Global business leaders and visionaries honoured at ET Indo Global Leaders 2026 in Dubai
In Dubai, the ET Indo Global Leaders 2026 event brought together key figures to celebrate the synergy between India and the UAE in business and entrepreneurship. A series of networking sessions led into impactful discussions regarding India's economic impact worldwide and the dynamics of the luxury real estate market. Leaders exchanged knowledge on sustainable growth strategies and market competitiveness.
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Dodging SaaSocalypse: AI’s enterprise moment could belong to IT services
ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements. The global IT market faces challenges, requiring companies to adopt AI-centric capabilities for survival. Enterprises are burdened with legacy systems, which present both challenges and opportunities for funding technological transformations. Companies will need to adapt to the evolving landscape by integrating AI into existing frameworks effectively.
ArMee Infotech IPO Day 3: Isse sees 2.44x subscription; GMP at 5%
ArMee Infotech is currently offering its IPO, with a subscription period ending on September 25, 2026. The offer has been subscribed 2.44 times, indicating significant investor interest as of now. The company plans to allocate the IPO proceeds primarily for business expansion and working capital needs. Analysts suggest a long-term subscription rating for the IPO due to favorable growth potential.
5 SME IPOs open for subscription today, September 25: Check issue size, price band, lot size and key dates
Three of the IPOs — Shree TNB Polymers, Dudani Retail and Sai Urja Indo Ventures — will list on the BSE SME platform, while Himalayan Solar and Bench Mark Infotech Services will list on the NSE SME platform. Among the five, Himalayan Solar has the largest issue size at Rs 68.03 crore, followed by Bench Mark Infotech Services at Rs 42.44 crore.
ArMee Infotech IPO opens today: Check GMP, price band, issue details. Should you subscribe?
The Rs 300-crore public issue will remain open for investors until September 25. The allotment is expected to be finalised on September 28, while the company's shares are tentatively scheduled to list on the National Stock Exchange (NSE) and BSE on September 30.
Dividends and stock splits: IRCTC, BEML among 150+ stocks with record dates this week. Check full list
More than 150 companies have fixed record dates for dividends and stock splits between September 21 and September 25. IRCTC, BEML, Hindustan Copper, Cochin Shipyard and others feature among the stocks with corporate actions scheduled this week.
Motilal Oswal deploys Zoho platform across 10,000 users and 15 business verticals
Motilal Oswal Financial Services has deployed Zoho's unified enterprise platform across its operations. This initiative aims to unify customer data and streamline sales and service functions. The platform consolidates information from disparate systems, creating a single customer view. Relationship managers now access daily-refreshed data for improved client interactions.
Happiest Minds stake sale: At 82, Ashok Soota’s next act is a ₹1,330 cr healthcare push
Ashok Soota is selling a significant stake in Happiest Minds Technologies for Rs 1,330 crore. These funds will support his medical research and healthcare ventures. ITC Infotech will acquire the stake as part of a merger plan. The combined entity aims for a USD 1 billion turnover by FY28. Soota will retain a minority stake after the merger completion.
Happiest Minds rules out job cuts after merger with ITC Infotech
Addressing a press conference after the merger announcement, top executives of the Bengaluru-based firm said that the ITC leadership has specifically stipulated the continuity of the entire workforce and leadership team. The management highlighted that both companies are currently operating at high utilisation levels - ITC Infotech at 83-84% and Happiest Minds at 80% - leaving little room for headcount reduction.
ITC shares rise 5%; Happiest Minds falls 8% after FMCG major acquires IT firm. What shareholders must know
ITC shares rose, while Happiest Minds fell, after ITC Infotech announced plans to acquire and merge with the Bengaluru-based IT services firm. ITC Infotech will first buy a 22.1% stake from founder Ashok Soota for Rs 1,330 crore, followed by a share swap. After the merger, ITC will hold 73.4% of the combined entity, while Happiest Minds shareholders will own 19%. The deal will also give ITC Infotech a backdoor listing.
ITC Infotech to merge with Happiest Minds, buy 22% promoter stake for Rs 1,330 crore
ITC Infotech will merge with Happiest Minds Technologies creating a significant IT services entity. This merger aims to establish an AI-first enterprise with a substantial turnover by FY28. ITC Infotech is acquiring a significant stake from Happiest Minds promoters as a precursor. The combined entity will become India's eleventh largest listed IT services player by revenue. Upon completion, the merged company is proposed to be listed on Indian stock exchanges.
ITC Infotech to acquire 22.1% stake in Happiest Minds for Rs 1,330 crore; firms to merge
ET had first reported on March 20 about ITC Infotech potentially looking to pick a stake in Happiest Minds. On August 29, ET reported details of the proposed transaction, including a merger through a share swap that will effectively result in the backdoor listing of ITC Infotech.
ITC Infotech set to acquire Happiest Minds, eyes backdoor listing
ITC Infotech is set to acquire a controlling stake in Happiest Minds Technologies from founder Ashok Soota for Rs 2,800-2,900 crore, people familiar with the matter told ET. The deal will trigger an open offer for another 26% stake and could be followed by a reverse merger, amid consolidation in the mid-market IT services sector.
ICICI Prudential buys Infotech Enterprises shares for Rs 79 cr
ICICI Prudential today acquired nearly 44 lakh shares of Infotech Enterprises for about Rs 79 crore through open market transactions.
Infotech Enterprises gets Boeing award
Infotech Enterprises said it has been recognised as 'Supplier of the Year' in the international category by the US-based aerospace company Boeing.
Infotech to ramp up capacity at Sarpavaram SEZ facility
Infotech Enterprises Ltd's Founder Chairman BVR Mohan Reddy today said the company plans to ramp up capacity at its Sarpavaram SEZ facility.
Cyprus' Gagil buys nearly 10.5 pc in Infotech Enterprises for Rs 201 crore
IT services firm Infotech Enterprises today said Cyprus-based company Gagil FDI has acquired 10.48 per cent in the company for over Rs 201 crore.
Infotech April-June quarter net up over two-fold at Rs 64.71 crore
IT firm Infotech Enterprises today said its net profit has more than doubled to Rs 64.71 crore for the quarter ended June 30.
Infotech Enterprises signals strong momentum ahead with the highest quarterly manpower addition
Infotech Enterprises reported robust growth in revenue and operating profit for the June 2012 quarter following favourable rupee movement.
Infotech sees marginal dip in Q3 profit at Rs 36.8 crore
Infotech further strengthened leadership position in rail domain by entering into a long-term agreement with a leading rail signalling company in UK.
Infotech Enterprises Q2 net down 7%, revenues up 24%
Infotech Enterprises has posted a 7 per cent drop in net profit in the second quarter ended September 30 at Rs 33 crore even though revenues rose 24.4 per cent over the last year to stand at Rs 295 crore.
Infotech Enterprises: Betting on local clients for growth
The scrip of Hyderabad-headquartered Infotech Enterprises lost over 6% during Wednesday’s trade.
Infotech Enterprises in pact with US-based Westinghouse
Infotech Enterprises has entered into an agreement with US-based Westinghouse Electric Company for providing nuclear engineering related work.
'But Infotech Enterprise on next small dip'
ET Now spoke with Deepak Mohoni, director, trendwatchindia.com, to find out his views on Infotech Enterprise.
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