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Copper demand to skyrocket with shift to clean energy sources: HCL CMD

The demand for copper, a key component in electric vehicles, will go up substantially as the world shifts to cleaner energy sources to mitigate climate change, according to Hindustan Copper Chairman and Managing Director Ghanshyam Sharma. By transitioning from fossil fuels to renewable energy sources like solar, wind, hydro, and geothermal, greenhouse gas emissions can be reduced significantly. "As the world transitions to cleaner energy sources...the demand for copper will increase significantly as a vital component in electric vehicles and renewable energy technologies such as solar panels, wind turbines etc," the CMD said in a recent message on the company's website. He further said the company has been given the charge of utilisation of the nation's copper resources in an efficient and sustainable way. India, he said, is committed to achieving net zero emission by 2070. According to ICRA, the domestic refined copper demand growth is expected to remain healthy at 11 per cent in

HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI

The company says that the solutions will effectively enable business leaders to focus on real-world outcomes and help development teams to build next-gen AI-powered applications with ease

HCLSoftware, Intel launch solution to power next generation 5G networks

HCLSoftware, a division of HCL Technologies, on Monday announced a strategic partnership with Intel Corporation to deliver a joint 5G User Plane Function (UPF) acceleration solution, aiming to power the next-generation 5G networks. The joint solution drives cost reduction for operational expenses and capital expenses by up to 80 per cent, the company said in a statement. HCLSoftware 5G UPF Acceleration Solution is a cloud-native software solution incorporating configurable hardware offloading capabilities for both network Edge and Core deployments. It said that the solution improves subscriber user experience and reduces costs for mobile network operators. HCLSoftware collaborated with Viettel Group, a telecom and technology firm based in Vietnam, to demonstrate the effectiveness of the UPF Acceleration Solution. The results showed improved 5G network throughput and reduced latency, ultimately expected to enhance subscriber user experiences and reduce mobile operator costs. "Our 5

Wipro on job cuts: Aligning business, talent to changing market environment

After startups and Big Tech, layoff season may have begun at the $245 billion Indian IT industry

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India

A lot could depend on how well Micron's project takes off

Foxconn, HCL announce semiconductor JV in India with $37.2 mn investment

Foxconn Technology Group and HCL Group will establish a semiconductor outsourced assembly and testing (OSAT) unit in India, with Foxconn investing $37.2 million for a 40% equity stake

Swimming against the tide

In this age of AI, creating an employee-first culture may seem counter-intuitive. But not if you believe in the primacy of building human relationships at the workplace

Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%

Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent

HCL, WEF's UpLink opens applications for Zero Water Waste Challenge

Indian firm HCL and UpLink, the open innovation platform of the World Economic Forum, have invited applications for the Zero Water Waste Challenge, which is part of the Aquapreneur Innovation Initiative. The challenge calls for innovative water usage approaches to improve freshwater conservation from supply to demand, moving towards zero water waste, according to a release. This is the second of five challenges from HCL and UpLink's Aquapreneur Innovation Initiative. The initiative aims to create innovation ecosystem for the global freshwater sector. The deadline to apply is October 2, 2023. Under this initiative, HCL committed USD 15 million until 2027 to support the water-focused entrepreneurs. Roshni Nadar Malhotra, Chairperson of HCLTech said that as climate change continues to intensify and fresh-water resources become scarcer, corporates have a unique opportunity to make a substantial difference. "At HCL, we are committed to help resolve this global crisis. In partnership w

We must be a product nation, make our own chips: HCL's Ajai Chowdhry

Countries want to invest in semiconductors. It's very tough to get investments. But in 40 nanometers and above, I believe we still have chance, said Ajai Chowdhry, co-founder of HCLTech

JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results

JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company

HCLTech announces plan to double headcount in Romania in next 2 yrs

Indian IT services company employs 1,000 people in European nation to serve global clients

Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23

Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December 2022

Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar

IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23

HCLTech bags deal to modernise IT operations for US insurer State Farm

Some employees of the American company will transfer to HCLTech and continue providing services

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

IT majors lowering revenue projections for FY23 amid macroeconomic troubles

HCL's CEO C Vijaykumar recently said that the spending on hi-tech and telecom verticals was lower than expected and with price changes, it is going to be a big macroeconomic challenge

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

HCL Foundation CSR spending up 10.76% to Rs 216 crore in FY22

HCL Foundation, a CSR arm of HCL Technologies Ltd, on Thursday said it spent Rs 216 crore during the 2021-22 fiscal on several initiatives across urban and rural development besides environmental action, up by 10.76 per cent from over the year. About Rs 195 crore was the CSR investment made during the 2020-21 financial year. "HCL Foundation and its partners worked tirelessly with communities to multiply our programme reach by over 12 times since 2016. Our projects are aligned with the UN Sustainable Development Goals... We remain committed to the long road ahead," said HCL Technologies CEO and Managing Director C Vijayakumar. Since 2016, the Foundation has spent Rs 900 crore on CSR programmes that span healthcare, sanitation, poverty eradication, education, skilling and livelihoods, environment and disaster risk reduction, the Foundation said in a statement. Speaking to PTI, HCL Foundation Vice President and Director Nidhi Pundhir said CSR programmes were implemented during the ...

Two Indian companies to pick up over 26% but less than 51% stake in ISMC

Next Orbit director refuses to divulge names though talks were reportedly on with HCL, Reliance Industries