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Tech Mahindra Q2 net profit increased to Rs 302.8 crore from Rs 258.7 crore in previous quarter. Its revenues went up to Rs 1, 164.8 crore as against Rs 1, 116.4 crore, QoQ.Vineet Nayar, Managing Director and CEO, Tech Mahindra, said the company’s operating margins stand at around 28%. “There has been some pressure on account of the movement of the exchange rate because 70% of our income is in pounds. The sterling has come down significantly in relation to the dollar, but despite that we have ha...

Enlarge Photo The Bombay Stock Exchange (BSE) building is seen in this file photo. REUTERS/Punit Paranjpe Fri, Feb 29 05:14 PMIndian shares fell 1.4 percent on Friday to their lowest close this week, after the national budget budget failed to cheer investors already shaken by turbulent global markets.The government promised higher spending for ailing farms and pledged funds for rural revival in the 2008/09 budget, but a $15 billion scheme to waive loans and plans to raise the tax...

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