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The Economic Times
The Economic Times
Veer Sharma

HCL Tech surges 6% on $1.14 billion AI deal; Mercedes-Benz likely client

HCL Tech Sarvam AI Europe

HCL Tech shares rose as much as 6% to an intraday high of Rs 1,139 on the BSE on Friday after the company announced a strategic partnership with a Europe-headquartered Fortune Global 50 firm.

Sources told The Economic Times that the Europe-headquartered Fortune Global 50 company is Mercedes-Benz. Under the agreement, HCLTech will manage the automaker's digital workplace and network operations. The contract was previously handled by Infosys, the sources added.

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