Page 3 - Hcltech

HCLTech Q4 results: Net profit rises 8% to ₹4,307 crore, revenue up 6.1%

Revenue from operations came in at ₹302.46 billion, slightly below the projected ₹302.75 billion

IT stocks under pressure: Nifty IT slips 7% on fears around recession

The Nifty IT index plunged amid recession-related fears due to US imposing 'reciprocal tariffs' on trading partners without showing signs of backing down

Roshni Nadar 1st Indian on the list of 10 richest women globally: Hurun

India adds 13 billionaires in 2024; Ambani's net worth drops Rs 1 trn

HCLTech selected as design partner under Samsung's SAFE programme

Through the SAFE-DSP programme, HCLTech will offer comprehensive application-specific integrated circuit (ASIC) design services to semiconductor customers

HCLTech share price rises 2% on announcing partnership with Western Union

Through the partnership, Western Union will leverage HCLTech's AI-powered solutions, FENIXAI and AI Force, to accelerate its transition to a platform-centric operating model, enabling greater agility

IT major HCLTech to use AI to improve Children's Minnesota's operations

"We are proud to partner with Children's Minnesota as they embark on a digital healthcare evolution," said Shantanu Baruah, executive vice president of healthcare at HCLTech

GenAI making IT biz model outdated, says HCLTech CEO C Vijayakumar

IT major will hire more people at the entry level but need specialised skillsets

IT stocks: Nifty IT index slips over 2% on fears of slowing US economy

At 9:57 AM, the Nifty IT index was trading lower by 2.30 per cent, at 39,612. It touched an intra-day low of 39,465.75 during the session so far.

HCLTech partners with ChargePoint to drive EV charging technology

IT services company HCL Technologies (HCLTech) on Thursday announced a collaboration with ChargePoint, a provider of networked charging solutions for electric vehicles, to drive innovation in EV charging software. According to a release, HCLTech has set up an advanced research and development centre for ChargePoint in Bengaluru. The centre, inaugurated on Thursday by leadership from both companies, will serve as a central hub for ChargePoint's software development efforts in India. It aims to leverage HCLTech's engineering capabilities by way of an agile, product-focused operating model, to help ChargePoint deliver scalable and customisable EV charging experiences. "India has long been vital to our success, and this is a critical region for our software development. We aim to recruit the brightest talent for this new facility, developing the products which will shape the future of our industry," Rick Wilmer, CEO of ChargePoint, said. Ajay Bahl, Chief Growth Officer, Americas, ...

HCLTech to inaugurate new facility in Hyderabad, to create 5,000 more jobs

Technology major HCLTech, is expanding its global delivery footprint here with the launch of a new tech center that is expected to provide 5,000 additional jobs, officials said. The announcement came after the meeting of Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu with the global CEO and Managing Director of HCLTech, C Vijayakumar, on the inaugural day of the World Economic Forum Annual Meeting here in Davos on Tuesday. The new center in an area of 3,20,000 sqft will be providing cutting-edge cloud, AI and digital transformation solutions to global clients across industries such as hi-tech, life sciences and financial services, an official press release said. "Hyderabad, with its world-class infrastructure and high-quality talent pool, has been a key location on HCLTech's global network. The new center will bring cutting edge capabilities to our global client base and contribute to the local technology ecosystem" Vijaykumar said. He invited the CM and IT Minister

Nifty IT index slips 3%; Infosys, LTIMindtree slip up to 6% post Q3 results

According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery

H1B visa dependence lowered: Infosys confident of resilient business model

Days after HCLTech said it has lowered reliance on H1B visas, Infosys on Thursday reported a significant decrease in its dependence on this visa category and exuded confidence in its "resilient" operational model. "Over the years, our dependence on H1B visas has reduced significantly. First and foremost, our onsite mix has reduced significantly -- we used to be in the 30 per cent range, (but) we are now at the 24 per cent range. Within that, our near shore has increased significantly. "Within the US-onsite population that we have, our H1 independent folks are now at 60 plus percentage. We have now built a pretty resilient model from that perspective. We are, therefore, much more confident from where we are versus where we used to be earlier," Infosys CFO Jayesh Sanghrajka said. On Monday, HCLTech said that around 80 per cent of its workforce in the US comprises local hires, making its dependence on H1B visas among "the lowest in the industry". "...If I look back over the last 4 odd

Vodafone Idea hits 3-month high, surges 19% in two days on heavy volumes

To improve its network performance Vi has partnered with HCL Software, the software business unit of HCL Technologies, to make its 4G and 5G networks smarter and more efficient

Jefferies, CLSA, Morgan Stanley retain 'Hold' on HCLTech despite Q3 miss

HCLTech declared a dividend of Rs 18 per share, including a special Rs 6 per share dividend to commemorate 25 years since its public listing, marking its 88th consecutive quarter of dividend payouts

Markets Today: WPI, CPI; GIFT Nifty; HCLTech; Quadrant, Capital Infra IPOs

In previous trading session, the Sensex plunged 1,048.90 points, or 1.36 per cent, to close at 76,330.01. Similarly, the Nifty50 dropped 345.55 points, or 1.47 per cent, ending the day at 23,085.95

HCLTech Q3 net profit up 5.5%, lower end of revenue forecast raised

The company's revenue from operations for the quarter under review came in at Rs 29,890 crore, 5.07 per cent higher than Rs 28,446 crore in Q3 FY24

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