Tech Mahindra shines on getting into strategic collaboration with i2Chain

Tech Mahindra shines on getting into strategic collaboration with i2Chain

by admin- Thursday, April 18th, 2019 03:51:31 PM

Tech Mahindra is presently buying and selling at Rs. 806.Eighty five, up with the aid of nine.75 points or 1.22% from its preceding last of Rs. 797.10 on the BSE.

The scrip opened at Rs. 797.20 and has touched a excessive and low of Rs. 808.00 and Rs. 797.20 respectively. So far 59350 shares had been traded on the counter.

The BSE institution ‘A’ inventory of face fee Rs. 5 has touched a 52 week excessive of Rs. 840.10 on 21-Feb-2019 and a fifty two week low of Rs. 612.50 on 26-Jul-2018.

Last one week excessive and low of the scrip stood at Rs. 808.00 and Rs. 775.00 respectively. The current marketplace cap of the corporation is Rs. 77672.07 crore.

The promoters protecting inside the employer stood at 35.Ninety four%, whilst Institutions and Non-Institutions held 51.49% and 12.Fifty eight% respectively.

Tech Mahindra has entered into a strategic collaboration with i2Chain Inc., a San Francisco-based totally startup, leveraging subsequent gen technologies to secure purchaser facts and data belongings.

Through this partnership, Tech Mahindra and i2Chain will offer a blockchain-based totally cybersecurity utility to customers that is straightforward to use and presents information owners with an unprecedented stage of control as to how, whilst and in which different users can get admission to their records, with the capability to considerably reduce the frequency and fees of security incidents. It allows organizations and users to comfy, percentage and transact with integrity and self belief, and is fully GDPR (General Data Protection Regulation) compliant. The software also makes chained facts and identity tamperproof, and records all actions taken against a record in an immutable blockchain, completely handy to help audits and forensics.

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