Page 3 - Hcltech

HCLTech not dependent on H1B, new US regime will hardly impact biz: Exec

The new regime in the US is unlikely to affect the business of Indian IT company HCLTech as it is very less dependent on H1B visas, a senior company executive said. "About 80 per cent of our people in the US are all locals, so our dependence on the H1B is one of the least in the industry. And it is not just now if I look back over the last 4 odd years, we have been pretty locally self-sufficient. "And that reflects in the number of H1Bs that we go through every year. It ranges between 500-1,000 in a year max...so it is minimal dependence," said Ramachandran Sundararajan, Chief People Officer, HCLTech. HCLTech on Monday reported a 5.54 per cent rise in consolidated net profit to Rs 4,591 crore for the December quarter. The H1B visa programme allows US companies to temporarily employ foreign workers in speciality occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Donald Trump's return to the presidency is expec

Markets Today: GIFT Nifty; Dec Inflation; HCLTech Q3; Standard Glass IPO

At 6:32 AM, GIFT Nifty futures indicate a gap-down opening for the markets, trading 160 points lower at 23,341

HCLTech Q3 Preview: Revenue may jump up to Rs 30,200 cr; PAT to rise 5-10%

HCLTech's Q3FY25 performance is expected to reflect steady growth despite industry challenges such as furloughs and cross-currency headwinds

Mkt regulator Sebi nod to Roshni Nadar to acquire majority stake in HCLTech

Grants exemption from open offer for acquiring stake from father Shiv Nadar

Nifty IT down over 3%: Why have IT stocks slipped in trade today?

Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday

We want to embed our AI Force platform across our customers: HCLTech CEO

He talks about the growth triggers, spend mindset and GenAI deal growth

Market Close Highlights, Oct 15: Sensex sheds 153 pts; RIL falls 2%; Smallcap stocks outperform

Stock Market Today: Bears took the reins on the D-Street as 21 out of 30 constituent stocks of BSE Sensex ended in red, dragged by Bajaj Finance, Reliance Industries, and Tata Steel

Market Today: RIL, HCL Q2, Hyundai Motor IPO, Garuda Construction listing

At 6:33 AM, GIFT Nifty Futures were trading 30 points higher at 25,251, suggesting a higher start for Indian markets.

Stocks To Watch: RIL, HCLTech, L&T, Adani Power, Atul Auto, SpiceJet

Stock Market Today: RIL reported a 4.8 per cent year-on-year decline in consolidated profit for Q2 FY25, totaling Rs 16,563 crore, and missing analyst expectations.

HCLTech Q2 results: Net profit rises 10.5% to Rs 4,235 cr, revenue up 8.2%

Revenue for the quarter at Rs 28,862 crore, up 8.2 per cent YoY and grew 2.9 per cent sequentially

Market Close Highlights, Oct 14: Sensex adds 591 pts, Nifty ends above 25,100; IT, Banks outperform

Stock Market Today: Markets in India were likely to open with a slight upside on Monday, indicated GIFT Nifty futures, which were trading around 50 points ahead of Nifty futures last close.

Market Today: RIL, HCLTech Q2 results; S&P 500, Dow at record; Hyundai IPO

At 6:41 AM, GIFT Nifty Futures indicated a modest increase of 53 points, reaching 25,102 levels, suggesting a tentative start for the Indian markets.

HCLTech worker dies in Nagpur; firm claims giving emergency care at clinic

An employee of HCLTech died after suffering a cardiac arrest in the firm's office in Nagpur city, with the IT major sharing that he was provided emergency care at the campus clinic before being rushed to the hospital. According to the police, Nitin Edwin Michael (40), who worked as a senior analyst, was found unresponsive after he entered the washroom of the office of HCL Technologies Ltd. in the city's Mihan area around 7 pm on Friday. His colleagues rushed him to the All India Institute of Medical Sciences (AIIMS) in Nagpur where doctors pronounced him dead upon arrival, said the official from Sonegaon police station on Sunday. Police sent the body for post-mortem and registered a case of accidental death. Initial autopsy findings indicated Michael died of cardiac arrest, the official said, adding that they are probing the circumstances surrounding his death. Michael is survived by his wife and a six-year-old son, according to police. Calling Michael's death an unfortunate inci

Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

HCLTech tops TIME's World's Best Companies 2024 list among Indian firms

Indian IT firm HCLTech has been named the no.1 India-headquartered company in TIME magazine's World's Best Companies 2024 list. The Noida-headquartered firm has also secured a place in the global top 10 list within the Professional Services category. "This accolade underscores HCLTech's commitment to excellence and innovation. It reinforces our leadership in the industry and our status as a top employer. "Aligned with our purpose of 'Supercharging Progress' and 'Find Your Spark' employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals," said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. The World's Best Companies 2024 ranking identifies top-performing companies across the globe on the parameters of employee satisfaction, revenue growth, and sustainability. HCLTech posted a consolidated net profit of Rs 4,257 crore in the June quarter of FY25, u

HCLTech to show GenAI-based chatbot, other solutions at SEMICON India 2024

HCLTech on Tuesday said it will showcase its generative AI-based chatbot, along with its other engineering and AI solutions at the SEMICON India event. The three-day conference will commence on September 11, and will be inaugurated by Prime Minister Narendra Modi. "HCLTech suite of solutions on showcase will include conversational AI, HCLTech AI Force -- a generative AI solution that accelerates software development lifecycle, Digital Twins for Wafer Handler and Rack System, Spec to Parts and Spec to Platform and HCLTech Proto ATMP lab demos," HCLTech said in a statement. The IT company will showcase enterprise, digital and engineering innovations, specifically designed for the semiconductor ecosystem, it said. "We look forward to our participation in SEMICON India--especially at a time when India is poised to become a leading player in the semiconductor space. We're happy to contribute our skills, knowledge and engineering prowess gained over four decades. "Our collaborations wit

Nuvama raises HCLTech target price to Rs 2,020; says Gen AI to drive growth

The company's management anticipates double-digit growth for the industry over the next five years, including for HCLTech.

HCL Tech extends agreement with Xerox; stock hits all-time high

HCL Tech will assist Xerox with its reinvention to position the company for long-term profitable and sustainable growth.

HCLTech extends partnership with Xerox in AI and digital engineering

Xerox and HCLTech started their partnership in 2009 with a focus on product engineering and IT and process support services

HCLTech appoints Shiv Walia as new CFO, Prateek Aggarwal to step down

Walia is a graduate in Commerce from SRCC, Delhi, a cost accountant, and a chartered accountant from both India and Australia