Page 7 - Hcl Tech

Fitch affirms Wipro, HCL Tech's long term 'A-' rating, outlook stable

The rating agency, in a statement, said it has affirmed Wipro's senior unsecured rating on the $750-mn senior notes due 2026

High attrition, employee cost casts spell on IT stks; buy on dips: Analysts

The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)

HCL Tech sets up Innovation Centre on engineering and R&D in Canada

HCL Technologies on Friday said it has opened an Innovation Centre focused on Engineering and R&D services in Edmonton, Alberta. Bringing together an ecosystem of partners from academia, government institutions, startups and technology providers, HCL Technologies' Innovation Centre will serve as a hub for HCL Engineering teams to co-innovate with customers and solve complex business problems for clients globally, a statement said. The team will be engaged in product engineering, platform engineering, operational technology services and next-generation engineering, research and development, it added. The centre will house an engineering and co-innovation lab, which will enable high tech and software clients, including Fortune 100 leaders, to not only envision their products, but also to see rapid product prototyping, collaborative research and continuous learning to create faster time to market, the statement said. Clients can leverage the centre to create new product designs, ...

HCL Tech to hire 40,000-45,000 freshers for FY23 to meet attrition threat

Is also paying higher increments and retention packages, expanding to tier 2&3 cities and other geographies

Spends on tech are only going to increase: HCL Tech chief C Vijayakumar

In a Q&A, the company's CEO & MD dwells on the firm's growth momentum, supply challenges and demand

Sensex gains 86 pts; Nifty above 18,300; HCL Tech slumps 6%; Auto stocks up

In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 per cent higher.

HCL Tech completes acquisition of 51% stake in German IT company GBS

In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS

Top Headlines: 3rd Covid wave here; Jio to buy 5G gear from trusted vendors

Business Standard brings you the top headlines at this hour

Infosys to HCL Tech, IT firms to see strong Q3 despite seasonal quirks

Broad-based demand for digital, higher discretionary spends to help firms

HCL Tech and apoBank to acquire German IT consulting firm gbs for 99k euros

The transaction, worth 99,000 euros, is expected to close in January 2022, subject to closing conditions

HCL Tech to hire 10,000 professionals to boost dedicated AWS business unit

HCL on Wednesday announced it has launched AWS BU

HCL Tech expects strong growth in products, platform biz in Dec quarter

IT services major HCL Technologies on Monday said it continues to be positive about its products and platform business and expects to see strong growth in the segment in the December quarter. In the July-September quarter, HCL Technologies logged a 13.1 per cent year-on-year increase in its services revenue (IT & Business Services and Engineering & R&D Services) in constant currency terms. Its products and platforms revenue, however, declined by 5.5 per cent in the reported period. Speaking to PTI, HCL Technologies CEO and MD C Vijayakumar said there were certain deals that were to close towards the end of the quarter but slipped into the current quarter. "So that's the only reason, it will come back in the next quarter, we continue to be very positive on our Products and Platforms business. The core of the business is intact, and we see a good momentum in this quarter. This is going to be a strong quarter for us," he added. He noted that the services business delivered a .

HCL Tech, Google Cloud expand tie up for healthcare, life science solutions

HCL Technologies on Monday said it has expanded its strategic partnership with Google Cloud to jointly launch healthcare and life sciences solutions for customers

Stocks to watch: SBI Card, Adani Ports, Cadila Healthcare, HCL Tech, AU SFB

IT company AGC Networks on Monday said its board has approved the appointment of Essar Group's Anshuman Ruia as executive director of the company

Q2 revenue recovery, valuations may sustain rally for HCL Tech

The stock has been underperforming peers after two consecutive quarters of muted revenue growth

HCL Tech, Munich Re in pact to digitalise workplace services in 40 nations

Financial details of deal not disclosed; HCL will modernise and standardise workplace services for more than 16,000 Munich Re employees

HCL Tech appoints Fabiano Funari as the country head for Brazil

Funari joined the firm to spearhead its growth for all industries and capabilities in Brazil, where HCL employs more than 800 people

A deeper look at Q1FY22 show of top-4 IT players tells a different story

While Q1 numbers show that the top four players are gearing up to capture the demand, the success of this will depend a lot on how they manage their supply side

'We maintain a double-digit growth outlook,' says HCL Tech CEO

HCL Technologies to focus on its Mode-2 and Mode-3 offerings, demand remains robust

HCL Tech Q1 net up 9.9% to Rs 3,214 cr on cloud, digital shift deals

Shiv Nadar to move on and take over as chairman emeritus and strategic advisor to the Board for five years. C Vijayakumar, president and CEO, named managing director