Page 6 - Hcltech

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

Ajit Mishra of Religare Broking suggests buying these three stocks today

We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.

HCLTech unit to acquire French software firm Zeenea for 24 mn euros

Indian company says acquisition will strengthen data and analytics business

India's top 5 IT firms continue headcount decline for 7th straight quarter

In the first quarter of FY25 ending June 30, the total number of employees at Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra fell by 2,034 compared to the previous quarter

Q1 result review: Outlook positive for IT companies, challenges persist

Weakness in demand evident, discretionary spends similar: IT majors

HCLTech plans to deduct leaves of employees who don't show up to office

The IT major is planning to link attendance with leaves wherein, if HCLTech employees fail to come to the office for at least thrice a week, the company plans to deduct their leaves

Nearly 20,000 employees to be trained in GenAI every quarter: HCLTech

Last quarter, we reported the investments we are making in upskilling our people for GenAI skills. If you recall, last year we trained and certified about 42,000 employees

Stocks to watch, July 15: HCLTech, DMart, RVNL, IREDA, Zomato, Lupin

At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses

HCLTech's Roshni Nadar Malhotra conferred highest civilian award of France

Instituted in 1802 by Napoleon Bonaparte, the Chevalier de la Legion d'Honneur is the highest civilian award given by the French Republic for outstanding service to France

IT services firm HCLTech launches its first global delivery centre in Bihar

Going forward, the centre will house specialised labs and centres of excellence to boost HCLTech's technology innovation and will offer a wide range of services to global clients, said the company

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

HCLTech signs agreement worth $278 million with Germany's apoBank

IT services company HCL Technologies (HCLTech) on Tuesday said it has expanded partnership with Germany's largest cooperative primary bank Deutsche Apotheker- und rztebank eG (apoBank). The estimated contract value of the deal is USD 278 million over a duration of 7.5 years, according to a regulatory filing. "HCLTech will accompany apoBank with an outcome-oriented managed services model that delivers resilient, scalable, high quality and compliant digital foundation services, enabling apoBank to deliver fast and secured banking services to its customers," a company statement said. apoBank COO Thomas Runge said HCLTech has extensive Avaloq expertise and deep understanding of apoBank, which makes it an ideal partner. "We look forward to working with apoBank to help them serve their customers by leveraging our comprehensive portfolio of managed infrastructure and cloud services and our longstanding experience with Avaloq," said Sudip Lahiri, Executive Vice President and Head of Financ

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

HCLTech integrates its GenAI platform AI Force with Google Gemini

Last month, the company had expanded its partnership with Google Cloud to enable 25,000 engineers on Google Gemini