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HCLTech on Thursday announced the acquisition of Guardian India Operations for USD 10.5 million (about Rs 101 crore), a deal that will see nearly 2,000 employees of the US-based firm transition to the tech giant under a seven-year partnership with Guardian Life Insurance. Under the agreement, HCLTech will acquire a 100 per cent stake in the entity, which serves as the technology and operations Global Capability Centre (GCC) for the American company. Guardian Life Insurance Company of America is a leading provider of insurance, retirement, wealth management and employee benefits solutions. "Nearly 2,000 employees (of Guardian India ) will integrate into HCLTech with the establishment of a dedicated Strategic Business Unit focused exclusively on supporting Guardian to drive technology innovation, engineering excellence, operational transformation and maturity across Guardian's products and services," HCLTech said in a regulatory filing. Karunakaran Azhisur, currently the Country Head
HCL Technologies on Monday posted over 20 per cent year-on-year rise in its consolidated net profit for the June quarter of the current fiscal at Rs 4624 crore, and the IT major retained its revenue growth guidance at 1-4 per cent for FY27. The revenue from operations came in at 14 per cent higher at Rs 34,579 crore for Q1FY27, according to a BSE filing. Profit (attributable to owners of the company) stood at Rs 4,624 crore during the just ended quarter, up from Rs 3,843 crore in the corresponding period of the preceding financial year. "The Board of Directors has declared an interim dividend of Rs 12 per equity share of Rs 2 each of the company for the financial year 2026-27," the filing said. The record date for the payment of the interim dividend is July 17, 2026, and the payment date of the interim dividend is July 27, 2026, it added. Roshni Nadar Malhotra, Chairperson of HCLTech noted that AI is accelerating the transformation of global enterprises and unlocking new growth ..
IT services major HCLTech on Friday said it has secured a USD 1.14 billion deal from a Europe-headquartered Fortune Global 50 company to transform and manage its digital workplace and enterprise networks. HCLTech did not disclose the name of the firm. Under the partnership, HCLTech will establish an Artificial Intelligence (AI)-driven operating model for the client, according to a regulatory filing. The initial term of the agreement spans five-and-a-half years, from July 2026 to December 2031, with an option to extend the partnership for a further period of five years. "The estimated value of the agreement during the initial term is USD 1.14 billion. This is entirely a net new business for the company," HCLTech said.