MASTEK

March 6 (Reuters) - Mastek Ltd MAST.NS:

• NAMED SUPPLIER ON UK CROWN COMMERCIAL SERVICE'S DCFH 2 FRAMEWORK

• DCFH 2 FRAMEWORK TO OPERATE FOR THREE YEARS WITH ONE-YEAR EXTENSION OPTION

Source text: ID:nBSEbVKpst

Further company coverage: MAST.NS

(([email protected];;))

Feb 28 (Reuters) - Mastek Ltd MAST.NS:

• RECEIPT OF ADMINISTRATIVE WARNING LETTER ISSUED BY SECURITIES AND EXCHANGE BOARD OF INDIA

Source text: ID:nBSE3RmT7C

Further company coverage: MAST.NS

(([email protected];;))

** Mastek MAST.NS rises as much as 4.4% to 2,465 rupees

** IT services co secures multiple contracts worth ~$85 mln from the UK public service department

** More than 72,000 shares traded, near their 30-day moving avg

** Stock rated "buy" on avg; median PT is 3,410 rupees - LSEG

** MAST last up 0.6%, cutting YTD losses to 20.7%

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Feb 26 (Reuters) - Mastek Ltd MAST.NS:

• MASTEK LTD - SECURES CONTRACTS WORTH $85 MILLION OVER 2 YEARS

Source text: ID:nBSE6vZCMp

Further company coverage: MAST.NS

(([email protected];;))

Feb 10 (Reuters) - Mastek Ltd MAST.NS:

• ANNOUNCES STRATEGIC PARTNERSHIP WITH OPENANA

• PARTNERSHIP TO ENHANCE GENERATIVE AI CAPABILITIES

Source text: ID:nBSE2YvMCW

Further company coverage: MAST.NS

(([email protected];;))

Jan 16 (Reuters) - Mastek Ltd MAST.NS:

• DIVIDEND OF 7 RUPEES PER SHARE

• DEC-QUARTER CONSOL PAT 947.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.7 BILLION RUPEES

• APPOINTS UMANG NAHATA AS CEO-MASTEK GROUP FOR 3-YEAR TERM EFFECTIVE JAN 16, 2025

• APPROVES INCREASE OF CORPORATE GUARANTEE FOR MASTEK ARABIA TO $6.6 MILLION

Source text: ID:nBSE1W09JY

Further company coverage: MAST.NS

(([email protected];;))

Dec 4 (Reuters) - Mastek Ltd MAST.NS:

• GLOBAL CHIEF FINANCIAL OFFICER ARUN AGARWAL RESIGNS

Source text: ID:nBSE1DdB1k

Further company coverage: MAST.NS

(([email protected];;))

Oct 21 (Reuters) - Mastek Ltd MAST.NS:

• PARTNERS WITH INNOVACCER TO TRANSFORM VALUE-BASED CARE AND IMPROVE PATIENT EXPERIENCE

Source text for Eikon: ID:nBSE8t20Bk

Further company coverage: MAST.NS

(([email protected];;))

Oct 18 (Reuters) - Mastek Ltd MAST.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.29 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 8.67 BILLION RUPEES

Source text for Eikon: ID:nBSEJQQth

Further company coverage: MAST.NS

(([email protected];;))

Sept 26 (Reuters) - Mastek Ltd MAST.NS:

• NAMES UMANG NAHATA AS GLOBAL CEO - MASTEK GROUP

• APPROVED SCHEME OF ARRANGEMENT WITH UNIT MASTEK ENTERPRISE SOLUTIONS

Source text for Eikon: ID:nBSEVvXx7

Further company coverage: MAST.NS

(([email protected];;))

Aug 28 (Reuters) - Mastek Ltd MAST.NS:

• ANNOUNCES STRATEGIC PARTNERSHIP WITH ONYX HEALTH

Source text for Eikon: ID:nBSEMcQ4S

Further company coverage: MAST.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

July 18 (Reuters) - Mastek Ltd MAST.NS:

• JUNE-QUARTER CONSOL NET PROFIT 715 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.13 BILLION RUPEES

Source text for Eikon: ID:nNSE12DJCg

Further company coverage: MAST.NS

(([email protected];))

June 6 (Reuters) - Mastek Ltd MAST.NS:

• ANNOUNCED IT IS ADVANCING ITS ICXPRO PLATFORM WITH NVIDIA ACCELERATED COMPUTING

Further company coverage: MAST.NS

(([email protected];))

** Shares of IT services company Mastek MAST.NS up as much as 6.6% to 2,825.50 rupees

** However, MAST surrenders most gains, last up ~1.4%

** Co says it won multi-tower deal from Saudi Arabia's Yanbu Cement Company to optimize its production line

** It, however, did not disclose financial details of the deal

** Avg recommendation of 5 analysts is a "buy", median PT is 3,000 rupees - LSEG data

** Stock down 4.4% YTD vs Nifty 500 index's .NIFTY500 6.3% rise

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Shares of Mastek MAST.NS jump ~13%, on pace for best day in nearly 3 years, amidst heavy trading

** Mastek named supplier in UK defence ministry's Digital and IT Professional Services (DIPS) framework, with budget of 1.2 bln pounds ($1.50 bln) over 4 years

** ~260,000 MAST shares traded, most active day in 2 months

** Session's gains push stock to YTD gains of ~3%

($1 = 0.8015 pounds)

(Reporting by Nishit Navin)

(([email protected];))

** Shares of Mastek MAST.NS up 0.5% to 2783.7 rupees

** Brokerage Sharekhan increases target price of the enterprise technology solutions provider to 3,235 rupees, representing 16% upside to stock's last close

** Maintains "buy" rating

** Increase in TP due to possible strong order booking in the resilient UK public sector - Sharekhan

** Strong US growth profile and account mining efforts will offer stronger revenue visibility for FY25 and aid in industry leading growth in addition to recovery in margin profile - Sharekhan

** Stock set to rise for third straight quarter after four quarters of losses; gains ~89% during the period, as of last close

** Stock up ~63% YTD compared to 19% rise in Nifty 50 index .NSEI

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected] ;))

Nov 22 (Reuters) - Mastek Ltd MAST.NS:

• NSE, BSE LEVIED FINE OF 584,000 RUPEES EACH ON CO

Source text for Eikon: ID:nBSE2s4M3M

Further company coverage: MAST.NS

(([email protected];))

** Shares of Mastek MAST.NS down as much as 8.3% to 2,166 rupees, their sharpest intraday low since Nov. 18, 2022

** Co's Sept-qtr net profit falls nearly 21% Y/Y

** Total expenses up 25%, dragged by employee costs which rose 26.2%

** Rev from ops up 22.4%

** Nearly 147,000 shares change hands by 3:03 p.m. IST, 2.4x the 30-day avg volume

** Stock last down 1.2%, trimming YTD gains to ~37%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

Oct 18 (Reuters) - Mastek Ltd MAST.NS:

• UK'S GOVERNMENT DIGITAL SERVICE CONTRACTS MASTEK TO DELIVER TECHNICAL SERVICE DESK FOR ONE LOGIN PROGRAMME

• THE THREE-YEAR CONTRACT IS VALUED AT £8.5 MILLION

• THE THREE-YEAR CONTRACT CAN BE EXTENDED TO FIVE YEARS

Further company coverage: MAST.NS

(([email protected];))

Sept 6 (Reuters) - Mastek Ltd MAST.NS:

• RESTEK LEVERAGES ORACLE EXPERTISE FROM MASTEK TO ENHANCE CHROMATOGRAPHY ONLINE SOLUTIONS

• ANNOUNCED ITS PARTNERSHIP WITH RESTEK CORPORATION

Source text for Eikon: ID:nBSE2vW5j8

Further company coverage: MAST.NS

(([email protected];))

** Shares of Mastek MAST.NS rise as much as 3.42% to 2,245 rupees

** Uptick after the enterprise technology solutions provider signs a definitive agreement to acquire U.S.-based cloud solutions provider BizAnalytica for upfront consideration of $16.72 mln

** Acquisition to bolster MAST's data cloud and generative AI capabilities

** MAST posts 9% year-on-year slide in consolidated net profit in June quarter

** Core profit rises marginally, revenue up 27% Y/Y in June quarter

** Trading volume is 223,930 shares as of 12:07 p.m. IST, nearly twice the 30-day avg - Refinitiv data

** Stock up 31% YTD compared to 9% rise in Nifty 50 index .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

July 19 (Reuters) - Mastek Ltd MAST.NS:

• JUNE-QUARTER CONSOL NET PROFIT 700.9 MILLION RUPEES VERSUS PROFIT 771.6 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.25 BILLION RUPEES VERSUS 5.70 BILLION RUPEES

• APPROVED PROPOSAL FOR SIGNING A DEFINITIVE BUSINESS SALE AGREEMENT WITH BIZANALYTICA SOLUTIONS LLP

• AGREEMENT FOR SLUMP PURCHASE OF IDENTIFIED ASSETS AND LIABILITIES INCLUDING BUSINESS OF BIZANALYTICA SOLUTIONS LLP

• APPROVED ACQUISITION OF 100% MEMBERSHIP INTEREST PURCHASE AGREEMENT IN BIZANALYTICA BY MASTEK INC.

• SLUMP PURCHASE FOR A CONSIDERATION OF ABOUT $1.28 MILLION

Source text for Eikon: ID:nBSE24V39y

Further company coverage: MAST.NS

(([email protected];))

WASHINGTON, June 23 (Reuters) - Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing.

President Joe Biden rolled out the red carpet for Modi on Thursday, declaring after about 2 -1/2 hours of talks that their countries' economic relationship was "booming." Trade has more than doubled over the past decade.

Modi will continue talks with top U.S. officials during a lunch at the State Department with Vice President Kamala Harris, the first Asian American to hold the No. 2 position in the White House, and Secretary of State Antony Blinken.

The Indian leader, who has appealed to global companies to "Make in India," will then address business leaders at the Kennedy Center for Performing Arts.

The CEOs of top American companies, including FedEx FDX.N, MasterCard MA.N and Adobe ADBE.O, and representatives of Indian companies such as Tech Mahindra TEML.NS and Mastek MAST.NS are expected to be among the 1,200 participants.

Modi, who touted "a new chapter" in the countries' "strategic partnership" at the White House on Thursday, is seeking to position India, the world's most populous country at 1.4 billion and its fifth-largest economy, as a manufacturing and diplomatic powerhouse.

Washington wants Delhi to be a strategic counterweight to China, and deals announced this week included several investments from U.S.-firms aimed at spurring semiconductor manufacturing in India and lowering its dependence on China for electronics.

The White House also announced plans to cooperate on quantum computing, scientific research and technological innovation, alongside plans to manufacture weapons in India.

Some political analysts question India's willingness to stand up to Beijing over Taiwan and other issues, however. Washington has also been frustrated by India's close ties with Russia while Moscow wages war in Ukraine.

Addressing the U.S. Congress on Thursday, Modi repeated his statement that "this is not an era of war" and called for "dialogue and diplomacy" to end the conflict.

On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi! Modi! Modi!" despite protests from others.

Activists have called for the Biden administration to publicly call out what they describe as a deteriorating human rights situation in India under Modi, citing allegations of abuse of Indian dissidents and minorities, especially Muslims.

Biden said he had a "straightforward" discussion with Modi about issues including human rights, but U.S. officials emphasize that it is vital for Washington's national security and economic prosperity to engage with a rising India.

Asked during a rare press conference on Thursday what he would do to improve the rights of minorities including Muslims, Modi insisted "there is no scope for any discrimination" in his government.

(Reporting by Simon Lewis; Editing by Don Durfee and Grant McCool)

(([email protected]; +1 (202) 680-0055;))

By Nandita Bose and Trevor Hunnicutt

WASHINGTON, June 16 (Reuters) - Indian Prime Minister Narendra Modi will meet the CEOs of top American companies including FedEx FDX.N, MasterCard MA.N and Adobe ADBE.O during his trip to the United States for an official state visit, a source with knowledge of the matter said.

The CEO reception with more than 1,200 participants, including business leaders from U.S. and Indian companies such as Tech Mahindra TEML.NS and Mastek MAST.NS, will be held on June 23 at Washington's John F. Kennedy Center for the Performing Arts, the source added.

It will follow the official state dinner on June 22 at the White House with President Joe Biden - a celebration billed as a milestone in relations between the two democracies.

Biden has been eager to strengthen ties with India as part of his bid to win what he has framed as a contest between free and autocratic societies, especially China.

Modi is not likely to directly address the threat from China in public remarks, a second source said, but he is expected to raise the issue during private discussions.

Decreasing India's dependence on Russia for its defense needs and increasing its own manufacturing capabilities will be among the top themes discussed between the two countries, the second source said.

The Biden administration is pushing New Delhi to cut through its own red tape and advance a deal for dozens of U.S.-made armed drones, sources told Reuters.

New Delhi has frustrated Washington by participating in military exercises with Russia and increasing purchases of the country's crude oil, a key source of funding for the war in Ukraine. Washington has been encouraging New Delhi to do more to punish Russia for the Ukraine invasion.

U.S. National Security Adviser Jake Sullivan, who recently visited India to make final preparations ahead of Modi's visit, said the United States is set to remove obstacles that prevent smoother trade with India in critical areas such as defense and high technology.

The U.S. became India's largest trading partner in fiscal year 2022-23 as bilateral trade rose by almost 8% to $128.55 billion, according to data from India's Ministry of Commerce. The rise is in contrast to the 1.5% fall in India-China trade to $113.83 billion in the same fiscal year.

Other key issues to be discussed, according to the second source, are how to spur chip manufacturing in India and lower its dependence on China for electronics. The countries will also discuss artificial intelligence, quantum computing and cybersecurity along with work visas for Indian workers.

Biden is expected to make his own trip to New Delhi in September for the G20 meetings hosted by India.

(Reporting by Nandita Bose and Trevor Hunnicutt in Washington
Additional reporting by Mike Stone Editing by Heather Timmons and Matthew Lewis)

(([email protected]; +12023545868; Reuters Messaging: [email protected]))

May 22 (Reuters) - Mastek Ltd MAST.NS:

• SOUTH AYRSHIRE COUNCIL PARTNERS WITH MASTEK, SOCITM ADVISORY, AND ORACLE TO TRANSFORM ITS ERP ECOSYSTEM

Source text for Eikon: ID:nBSE5h3Q19

Further company coverage: MAST.NS

(([email protected];))

April 19 (Reuters) - Mastek Ltd MAST.NS:

• MASTEK LTD - RECOMMENDED FINAL DIVIDEND OF 12 RUPEES PER SHARE

• INDIA'S MASTEK MARCH-QUARTER CONSOL NET PROFIT 725.7 MILLION RUPEES VERSUS 799 MILLION RUPEES

• MASTEK MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.09 BILLION RUPEES VERSUS 5.82 BILLION RUPEES

Source text for Eikon: ID:nBSEMXPHG

Further company coverage: MAST.NS

(([email protected];))