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News 2026-10-16 04:43 UTC

UPDATE 1 — India's Tech Mahindra jumps over 6% on strong deal wins

(Adds details from paragraph 3 onwards) Oct 16 (Reuters) — Tech Mahindra shares advanced 6.4% on Friday as robust deal wins helped the Indian IT services firm beat quarterly revenue expectations, lifting its peers. The shares were trading at 1,755.80 rupees, while the Nifty IT index rose 2.8%. Indian IT companies have