Page 6 - Hcltech

HCLTech to enable 25,000 engineers on Gemini to scale GenAI solutions

HCLTech recently launched HCLTech AI Force, a pre-built GenAI platform that optimises engineering lifecycle processes from planning through development, testing and maintenance

HCLTech announces alliance with Google Cloud to scale Gemini to global cos

IT services firm HCL Technologies (HCLTech) on Wednesday said it has expanded alliance with Google Cloud to create industry solutions by using the US tech giant's multimodal large language AI model, Gemini. HCLTech will familiarise and train its 25,000 engineers on Gemini for Google Cloud to help mutual clients innovate and optimise their businesses with GenAI (generative AI), according to a release. With this, HCLTech can offer expertise and technical skill sets that customers require for deploying and managing GenAI projects. HCLTech will enable 25,000 engineers on Google Cloud's latest GenAI technology to support clients at various stage of their AI projects, including the development of new use cases and capabilities for HCLTech platforms and product offerings. The focus initially will be on bringing GenAI capabilities to clients in manufacturing, healthcare, and telecom, the company said. HCLTech recently launched HCLTech AI Force, a pre-built GenAI platform that optimises ..

HCLTech arm to divest 49% stake in JV with State Street Int'l Holdings

HCL Technologies' step-down wholly-owned subsidiary HCL Investments UK has entered into a pact with US company and joint venture partner State Street International Holdings to divest its entire 49 per cent holding in their JV, according to a filing. The proceeds received by HCL UK, for divestment of the JV, termination of agreement for related services and settlement of certain contractual commitments, is USD 172.5 million in addition to net book value on the completion date (less applicable withholding tax), HCLTech said in a BSE filing. The transaction was completed effective April 1, 2024. HCL Technologies' step-down wholly-owned subsidiary HCL Investments UK will divest its entire 49 per cent holding in a JV it has with US company State Street International Holdings, as per the filing. "HCL Investments UK Ltd, a company incorporated in the UK and a step-down wholly owned subsidiary of the company, has entered into a Memorandum of Understanding with its Joint Venture (JV) partne

HCLTech, CAST expand alliance to offer customised semiconductor chips

IT company HCLTech on Tuesday said it has expanded its alliance with semiconductor intellectual property (IP) core provider CAST to provide customised chips and aid enterprises in accelerating their digital transformation. HCLTech said it will enhance design verification, emulation, and rapid prototyping of its turnkey system-on-chip solutions by using silicon-proven IP (intellectual property) cores and controllers from CAST. This will help original equipment manufacturers in varied industries, including automotive, consumer electronics and logistics, to reduce engineering risk and development costs, a company statement said. "CAST's high-quality and well-supported IP cores, coupled with HCLTech's system integration design expertise, will enable us to deliver superior custom chips to our customers worldwide," said Vijay Guntur, President, of Engineering and R&D Services, HCLTech.

HCLTech broadens partnership with US firm ServiceNow for GenAI solutions

Deal will offer businesses consulting, design, implementation, managed services

HCLTech ties up with ServiceNow for Gen-AI solutions to boost efficiency

IT firm HCLTech on Thursday said it has partnered with American software company ServiceNow to offer Gen-AI-led solutions for driving efficiency and cost-savings in businesses. HCLTech will offer consulting, design, implementation, and managed services through ServiceNow's entire suite of products, HCLtech said in a statement. It said the partnership will help enterprises realise cost-savings and enhance cross-department efficiency and productivity. "HCLTech offers a wealth of ServiceNow expertise to the world's leading businesses," said Bill McDermott, Chairman and CEO, ServiceNow. "It is an honour to extend our partnership to the co-creation of industry-specific GenAI (Generative Artificial Intelligence) solutions that will ignite our customers' growth engines with transformative experiences. HCLTech and ServiceNow will also launch a ServiceNow business unit and the 'Fluid NOW' centers of excellence in London, New York, and Noida for enterprises to explore the latest GenAI

HCLT's GenAI model to transform software development, engineering lifecycle

Global technology firm HCL Tech on Tuesday said its generative AI platform AI Force will transform the software development and engineering lifecycle with greater quality and productivity. The patented GenAI (generative artificial intelligence) platform is built on Azure OpenAI and can be integrated with Microsoft GitHub Copilot but is system agnostic. It supports commercial LLMs and open-source LLMs depending on the choice of a given enterprise customer. AI Force "accelerates time-to-value by transforming the software development and engineering lifecycle, delivering greater productivity, improved quality, and faster release timelines," the company said. AI Force integrates robust security and governance measures, fostering secure innovation and growth at scale, a company statement said. The platform offers customised GenAI-based solutions that inject intelligence into every aspect of software development and engineering workflows to improve efficiency and developer experience, it

CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February

The Nifty IT index was the leading sectoral loser in Tuesday's trade, down nearly 2 per cent at its intra-day low of 36,613. With this, the index has shed 5 per cent from its 52-week high of 38,560

HCLTech, Intel Foundry expand collaboration for semiconductor innovation

HCL Technologies (HCLTech) is expanding a longstanding collaboration with Intel Foundry to co-develop customised silicon solutions for semiconductor manufacturers, system OEMs (Original Equipment Manufacturers), and cloud services providers to enhance foundry services, according to a release on Thursday. The partnership brings together HCLTech's design expertise with Intel Foundry's advanced technology and manufacturing capabilities to establish a resilient and diversified supply chain, marking a new era of innovation and excellence. The collaboration aims to meet increasing global demand for semiconductor manufacturing, catering to the diverse silicon needs of clients, by providing them with a robust and inclusive ecosystem for semiconductor sourcing, it further said. "Intel Foundry's advanced technologies and silicon-verified IPs in manufacturing and advanced packaging strengthen our delivery of innovative, accessible, and diverse solutions to our mutual clients," Vijay Guntur, ..

Will IT sector be the dark horse of 2024 on rate cuts? What analysts say

Most global traders now expect the first Fed rate cut to be announced in June against early bets of March

Nifty IT slides for second day with 1% fall: What's weighing on IT stocks?

The latest inflation data in the US for January, which showed a surprise increase, has kept domestic IT stocks listless from last week

HCLTech tells DFS employees to report to office 3 times in a week

HCL Technologies has asked all employees who are part of Digital Foundation Services (DFS) to come to office at least three days a week beginning February 19, according to a communication by Noida-headquartered IT company. The move comes at a time when more and more tech companies are shifting to workplace-based models, insisting that employees be physically present in the office cubicles for a certain number of days every week to enhance teamwork, facilitate face-to-face interactions, and strengthen workplace culture. As such, senior managers and leadership team in DFS (those above a certain position and level) have transitioned to a hybrid model and work from office at least three days in a week. The recent communication states that from February 19, the same hybrid work model will be applicable to all employees of DFS. All DFS employees, irrespective of their band, will be required to work from their designated HCLTech offices for a minimum of three days in a week, the memo said,

Market resilience in a pill: Pharma's formula for Q3 earnings upgrades

Rx for returns: Pharma firms' dominance in market recovery prescription

Accenture, TCS, Infosys, HCLTech continue to rule the IT brand list

Accenture has maintained its position as the world's most valuable IT services brand, with a brand value of $40.5 billion

L&T Technology Services maintains FY24 revenue guidance at 17.5-18.5%

LTTS reported a 13.3 per cent rise in net profit to Rs 336 crore, as revenues grew 12.3 per cent to Rs 2,157 crore

New milestone: Sensex, Nifty hit record highs as IT stocks extend gains

The Sensex crossed the 73,000 mark for the first time, the Nifty 50 index finished at 22,097

Sensex soars 759 pts, ends atop 73,300; Nifty nears 22,100; Wipro zooms 6%

Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)

HCLTech teams up with SAP to drive innovation, adopt generative AI tech

IT services company HCL Technologies (HCLTech) has teamed up with SAP to drive innovation and accelerate the adoption of Generative AI, according to a release. With this collaboration, HCLTech will partner with SAP to develop solutions that enable businesses to get better outcomes and speed up business transformation. In partnership with SAP, HCLTech plans to create a repository of Gen AI use cases specific to SAP software, the release added. The use cases will complement cloud solutions from SAP and help customers explore the potential of enhancing SAP solutions with Gen AI. "By bringing together HCLTech's engineering expertise across various industries with SAP Business Technology Platform (SAP BTP), HCLTech aims to deliver innovative solutions that boost employee productivity, streamline operations, accelerate application development and optimise business processes," it added. HCLTech also plans to establish a dedicated Gen AI Center of Excellence, the focus of which will be to

We have not seen any change in the sentiment, says HCLTech's Vijayakumar

We were always confident of our business mix and our incredible leadership and all other elements, said C Vijayakumar, CEO & MD, HCLTech

HCLTech appoints Bhavani Balasubramanian as independent director

Bhavani is a chartered accountant by qualification with over four decades of experience in auditing a variety of clients