Tuesday 17 June 2014

MindTree gains on launching cloud based platform ‘IGG’ for waste management

Mindtree is currently trading at Rs. 814.50, up by 4.35 points or 0.54% from its previous closing of Rs. 810.15 on the BSE.
The scrip opened at Rs. 813.00 and has touched a high and low of Rs. 822.30 and Rs. 812.40 respectively. So far 5787 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 862.48 on 21-Feb-2014 and a 52 week low of Rs. 391.35 on 17-Jun-2013.
Last one week high and low of the scrip stood at Rs. 834.00 and Rs. 788.00 respectively. The current market cap of the company is Rs. 6801.62 crore.
The promoters holding in the company stood at 16.52% while Institutions and Non-Institutions held 46.04% and 37.43% respectively.
Mindtree, a global technology services company, has launched ‘I Got Garbage’ (IGG), a cloud-based platform aimed to simplify waste management and transform every waste picker in Bangalore, India into an entrepreneur through a structured and governed waste management framework.
Besides, IGG offers capabilities such as an ERP for waste pickers, social engagement platform for citizens, marketplace for waste management services, and a waste picker benefits tracker. The initiative is a result of collaboration between Mindtree, Hasiru Dala, Waste Wise Trust and seven other social businesses.

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