Page 10 - Hcl Technologies
Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100
CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.
 "Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100")
HCL Tech Q2 preview: Margins to improve QoQ; revenue may rise up to 20% YoY
HCL Tech Q2 results preview: Its net profit may rise by as much as 6 per cent YoY. The company's EBIT margins will likely improve by 20-60 basis points to 17.6%
 "HCL Tech Q2 preview: Margins to improve QoQ; revenue may rise up to 20% YoY")
IT giant HCL acquires majority stake in vernacular edtech platform GUVI
IT major HCL said it has acquired a majority stake in vernacular edtech platform GUVI -- one of the few companies in India to partner with Elon Musk's 'OpenAI' initiative -- for an undisclosed sum
 "IT giant HCL acquires majority stake in vernacular edtech platform GUVI")
HCL Technologies now HCLTech as firm set for 'Supercharging Progress'
The company also launched its new employee value proposition (EVP) - 'Find Your Spark'
 "HCL Technologies now HCLTech as firm set for 'Supercharging Progress'")
IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns
In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.
 "IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns")
HCL Tech lays off over 300 globally working on Microsoft projects
Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala
Top Gainers and Losers, NSE: TECHM grows 3.4%; ULTRAMCEMCO falls 1.9%
Today NSE Top Gainers and Top Loser, 9 Sept: Tech Mahindra rose by 3.4 percent, UltraTech cement falls by 1.97 percent. Read this detailed report on gainers and losers in National Stock Exchange
 "Top Gainers and Losers, NSE: TECHM grows 3.4%; ULTRAMCEMCO falls 1.9%")
HCL Tech, Intel launch Centre of Excellence for Digital Workplace offering
Unit will serve as a hub to test and validate new digital tech platform solutions and architectures to meet the workload-intensive demands of enterprises in a hybrid workplace environment
F&O Strategy: Nandish Shah recommends a Bull Spread on HCL Tech for August
The technical analyst from HDFC Securities recommends buying HCLTECH 960 Call and simultaneously selling 1000 Call of the August series.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on HCL Tech for August")
IT industry's 'people' conundrum may delay its revenue growth targets
The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams
 "IT industry's 'people' conundrum may delay its revenue growth targets")
Confluent's Neha Narkhede enters Hurun's ten richest Indian women list
Confluent head India's wealthiest new entrant in Hurun rankings, Roshni Nadar Malhotra tops second year in a row
 "Confluent's Neha Narkhede enters Hurun's ten richest Indian women list")
Attrition continues to hit margins at top-tier IT companies in Q1FY23
Talent retention has eroded not only their margins but also any gains they may have made from rupee depreciation
 "Attrition continues to hit margins at top-tier IT companies in Q1FY23")
Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share
So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore
 "Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share")
India's start-up story is intact, innovation vibrant: HCL Tech CEO
Vijayakumar asserted that the company is "on a good upcycle", and will use multiple levers to mitigate the challenges around margins
 "India's start-up story is intact, innovation vibrant: HCL Tech CEO")
Biz continuity plan in place for Sri Lanka operations, says HCL Tech CEO
HCL Technologies on Wednesday said it has a business continuity plan for operations in Sri Lanka, with adequate flexibility for workloads to be taken over by teams in India and other geographies.
 "Biz continuity plan in place for Sri Lanka operations, says HCL Tech CEO")
HCL Tech sees attrition easing in couple of quarters: CEO Vijayakumar
In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues
 "HCL Tech sees attrition easing in couple of quarters: CEO Vijayakumar")
Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%
The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.
 "Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%")
Stocks to watch: HCL Tech, Mindtree, Tata Metaliks, SBI, ICICI Bank, NMDC
Stocks to watch today: Mindtree, Tata Metaliks will report their June quarter 2022 (Q1FY23) results on Wednesday, July 13; NMDC will be removed from the Nifty CPSE index post hive off of NMDC Steel.
 "Stocks to watch: HCL Tech, Mindtree, Tata Metaliks, SBI, ICICI Bank, NMDC")
HCL Tech Q1 results: Net profit rises 2.4% to Rs 3,283 cr, revenue up 16.9%
HCL Tech had a total contract value (TCV) of new deals worth $2 billion, a growth of 23.4 per cent YoY
 "HCL Tech Q1 results: Net profit rises 2.4% to Rs 3,283 cr, revenue up 16.9%")
HCL Tech margin under pressure over talent crunch as Q1 attrition hits 24%
Top management, while reporting results for HCL Tech Q1FY23 on Tuesday, said attrition rate was "expected to remain high in coming months"