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NIIT Tech net profit down over 47% to Rs 28.6 cr for Q1
Posted on 15th July 2016
NIIT Technologies on Friday reported a 47.5 per cent decline in its net profit for the first quarter of current financial year at Rs 28.6 crore on account of a one-time provision of Rs 36.1 crore.

The company said it has made a provision of Rs 36 crore for amounts outstanding in respect of a government contract, where the programme has been put on hold to resolve project issues.

NIIT gains on winning services contract from Citi
Posted on 15th October 2015
Shares of NIIT were up over 5% at Rs 97 on the Bombay Stock Exchange after the company said it has been awarded a multi-year contract to provide managed training services to leading global bank Citi in Europe, Middle East and Africa (EMEA).

With this new partnership, NIIT's Corporate Learning Group wil source and manage third party training procured by Citi across EMEA, the company said in a release.

NIIT hits fresh 52-week high, up 28% in two sessions
Posted on 20th July 2015
NEW DELHI: Shares of NIIT Ltd extended gains for the second straight session and hit their fresh 52-week high of Rs 67.30 in intraday trade on Monday. Including Monday's gains, the stock has rallied over 28 per cent since Friday. The scrip has gained about 14 per cent in intraday trade today on the BSE.

This was in addition to 11.23 per cent surge, the scrip witnessed on the exchange in the preceding session, thanks to a 25-fold jump in the Q1 net profit, the company reported during the trading session.

NIIT Tech acquires majority stake in Incessant Tech
Posted on 19th May 2015
Global IT solutions provider NIIT Technologies today said it has signed a strategic agreement to acquire majority stake in Incessant Technologies.

Global IT solutions provider NIIT Technologies today said it has signed a strategic agreement to acquire majority stake in Incessant Technologies.

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