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The Latest Breaking News from HCL Tech

Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?

Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, some analysts believe the sector is poised for recovery, arguing Gen-AI presents an opportunity rather than an existential threat. Valuations have become attractive, leading to upgrades for major…

The Economic Times

Stocks in news: Bharti Airtel, Vodafone Idea, NLC India, Motilal Oswal, HCL Tech

Stocks in news: Bharti Airtel, Vodafone Idea, NLC India, Motilal Oswal, HCL Tech

Indian markets saw a sharp decline on Monday amid global worries and geopolitical tensions. Nifty moved closer to a key support level. Several companies were in focus. NLC India announced an Offer for Sale. Motilal Oswal saw promoter share sales. HCL Tech launched an AI zone with Google Cloud. IRCTC…

The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times

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TCS, Infosys, other IT stocks crash up to 7% after 3-day rally. What top brokerages are saying?

IT stocks, including TCS, Infosys, HCL Tech, Wipro and Tech Mahindra, fell sharply on Wednesday, following a three-day rally. Despite AI-related disruption concerns, brokerages such as CLSA, Nuvama and Choice Institutional Equities remain optimistic, citing resilient earnings, strong order books and expanding enterprise AI opportunities.

The Economic Times

Market wrap: Sensex rises 383 points, Nifty closes near 23,500 as IT stocks shine

Indian stock market staged a sharp recovery, with Sensex and Nifty erasing morning losses to snap a four-session losing streak, led by a strong surge in IT stocks including heavyweight TCS, Infosys, HCL Tech and Tech Mahindra.

The Economic Times

Infosys, TCS and other IT stocks slide for third straight session as AI worries mount

Indian IT stocks extended their decline for a fourth straight session as investors trimmed exposure amid weak growth visibility, muted client spending and rising concerns over AI-driven disruption. The Nifty IT index fell sharply, with major names including Infosys and Tata Consultancy Services sliding on cautious guidance and deflationary headwinds.

The Economic Times

Students told to keep pace with changing technologies in Computer Engineering

At a webinar on “Exploring the Future of Computer Engineering”, Commissioner of Technical Education Chadalavada Naga Rani urged teachers and students to keep up with emerging tech. Vice-president of HCL Tech Shiva Prasad discussed AI, ML, IoT, Digital Twin, Block Chain and Metaverse. 22 govt polytechnic colleges participated.

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From ghost nets to milk packets...Companies join the anti-plastic movement

From ghost nets to milk packets...Companies join the anti-plastic movement

Several enterprises and NGOs are trying to make a conscious intervention in trying to reduce the use of plastic and save the environment

‘HCLTech Grant triggers multiplier effects in education, health, and environment’

‘HCLTech Grant triggers multiplier effects in education, health, and environment’

HCL Foundation (HCLF), the corporate social responsibility (CSR) arm of HCL Tech, held a symposium here on Tuesday to prepare NGOs for this year’s edition of HCLTech Grant.

HCL Foundation signs MoU with Tamil Nadu government for implementing its rural development programme in 95 villages of Thoothukudi district

HCL Foundation signs MoU with Tamil Nadu government for implementing its rural development programme in 95 villages of Thoothukudi district

HCL Foundation, the corporate social responsibility arm of HCL Tech, on Wednesday signed a Memorandum of Understanding (MoU) with the State government for implementing its flagship rural development programme, HCL Samuday, in 95 village panchayats

HCL Tech Q1 net profit up 2.4% at Rs 3,283 crore; revenue rises 17%

HCL Tech Q1 net profit up 2.4% at Rs 3,283 crore; revenue rises 17%

NEW DELHI: IT services company HCL Technologies on Tuesday reported a 2.4 per cent year-on-year rise in its consolidated net profit for the three months ended June 2022 at Rs 3,283 crore.

The Times of India

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