The stock slipped 2.3% to Rs 982 after the company said it had received its board's approval to conduct a share buyback of up to 36.3 million equity shares worth up to Rs 40 billion.
Apart from TCS and HCL Technologies, country's second largest software services firm Infosys also came out with such an offer last year to buyback Rs 130 billion worth shares
HCL Technologies was up 4% to Rs 1,000 on the BSE in early morning trade as the company said on Monday after market hours that it will consider share buy-back on July 12.
SEZs are developed as export hubs and they contribute about 25 per cent in the country's total exports
HCL Technologies stock closed at Rs 961.25, up 1.68 per cent, on BSE
Founded in 1996, H&D specialises in IT infrastructure, application services particularly in R&D IT, shop floor IT and engineering services
HCL Technologies has proposed to develop the project at an area of 10.43 hectares
The stock dipped 7% to Rs 924 in early morning trade, extending its Wednesday's 5% fall on the BSE.
In the next 2-3 years, we think Mode 2 and 3 will be 40 per cent and Mode 1 will be 60%, says C Vijayakumar
HCL expects its revenues to grow in the range of 9.5-11.5 per cent on constant currency basis in 2018-19
The stock dipped 5% to Rs 1,002 on the BSE in early morning trade
In past two trading days, HCL Technologies had outperformed the market by surging 7% against 0.65% rise in the S&P BSE Sensex.
HCL will own 80 per cent stake in the joint venture that has been formed, with SEP holding 19.5 per cent
Software services firm HCL Technologies has acquired C3i Solutions for USD 60 million, a move aimed at accelerating the Indian IT firm's growth in life sciences and consumer services. C3i Solutions is a wholly owned, independently operated subsidiary of Merck & Co, (known as MSD outside the US and Canada). It provides multi-channel customer engagement services for life sciences and consumer packaged goods (CPG) industries. "With this acquisition, HCL will complement its broad-based IT and business services capability with the additional depth that C3i has in the life sciences and CPG verticals," the country's fourth largest software firm HCL Technologies said in a statement. C3i's expertise in the clinical, pharmacovigilance, and pharma sales support domains and the strong partnership will enable HCL's life sciences customers to become more patient-centric and offer services to IT and business stakeholders, it added. "C3i's capabilities provide HCL with an innovative and ...
HCL Eagle was incorporated in India for providing technological support services to GAIC and its subsidiaries
Interview with C Vijayakumar
The retail shareholder's category saw 99.9% votes cast in favour of the proposal
ETL Factory created a platform for large scale, complex data migration and data integration
Datawave is also extendable to other platforms, including big data
The two services are being supported by a team of over 200 autonomics specialists