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The Latest Breaking News from HCL Technologies

How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocks

LIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contrarian investment strategy. The insurer accumulated shares of Infosys, TCS, and HCL Technologies during the June quarter. This move reversed earlier investor pessimism surrounding artificial intelligence disruption fears. The IT…

The Economic Times

FIIs cut stakes in 72% of Nifty50 stocks, DIIs buy 82%. Here’s where the money moved

FIIs cut stakes in 72% of Nifty50 stocks, DIIs buy 82%. Here’s where the money moved

India’s largest stocks are witnessing a major ownership shift as domestic institutions fill the gap left by foreign investors. FIIs cut stakes in 36 Nifty 50 companies, while DIIs raised holdings in 41, taking their index ownership to a record 25.9%. Max Healthcare saw the sharpest change, with FII holdings…

The Economic Times

HCL Tech’s Rs 3,500 crore AI data centre foray: A new growth engine or capital-intensive diversion?

HCL Tech’s Rs 3,500 crore AI data centre foray: A new growth engine or capital-intensive diversion?

HCL Technologies is investing up to Rs 3,500 crore in AI data centres to build a full-stack AI ecosystem spanning infrastructure, compute and managed services. While the phased investment could create a new growth engine, investors will closely watch capital deployment, returns and demand visibility before assigning meaningful value to…

The Economic Times

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Sensex falls 500 points, Nifty slips below 24,100 as US-Iran conflict escalates. What lies ahead?

Indian stock markets edged lower on Tuesday, with major indices Sensex and Nifty falling. Escalating Middle East tensions contributed to rising oil prices, impacting investor sentiment negatively. Several prominent companies like HCL Technologies and Bajaj Finance saw significant share price drops. While some sectors like IT and Metal showed marginal…

The Economic Times

TCS, HCL Tech, Infosys, other IT stocks rally up to 6%, Nifty IT surges 4%. Here's why

IT stocks led by TCS, HCL Technologies and Infosys rallied sharply on Monday, lifting the Nifty IT index nearly 4% despite weakness in the broader market. The sectoral index climbed to a more-than one-month high and has gained around 6% over the past two sessions.

The Economic Times

AI, Iran war risks weigh on Indian IT firms’ earnings outlook

Indian IT companies like HCL Technologies and Wipro are reporting earnings amid AI concerns. Macroeconomic uncertainty and Middle East conflict add pressure to the sector. Taiwan Semiconductor Manufacturing Company's results will offer a key reality check for the AI boom. Tech Mahindra expects margin expansion from cost-cutting and a large…

The Economic Times

HCL Tech Q1 preview: Revenue may dip QoQ; net profit could rise on currency depreciation

HCL Technologies is expected to report a mixed performance for the June quarter, with brokerages forecasting steady year-on-year profit growth but sequential revenue weakness. Investors will closely watch AI-led demand, margins, deal wins and any changes to the company's FY27 guidance.

The Economic Times

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TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying

TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying

India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology…

The Economic Times

Parag Parikh Flexi Cap increased stake in ITC, TCS, HCL Technologies, and 14 other stocks in June

Parag Parikh Flexi Cap increased stake in ITC, TCS, HCL Technologies, and 14 other stocks in June

Parag Parikh Flexi Cap Fund increased its holdings in ITC, TCS, HCL Technologies and 14 other stocks in June, while trimming exposure to Dr Reddy’s Laboratories and Maruti Suzuki India. The fund also added Petronet LNG as a new portfolio entrant and made no complete exits during the month.

The Economic Times

Jio revs up IPO engine; Accenture shock sinks IT

Jio revs up IPO engine; Accenture shock sinks IT

Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.

The Economic Times

Stocks in news: HCL Tech, Bharti Airtel, SBI, Adani Enterprises, GMR Airports

Stocks in news: HCL Tech, Bharti Airtel, SBI, Adani Enterprises, GMR Airports

Indian equities opened the week strong, with the Sensex and Nifty gaining nearly 1% each on positive global sentiment. Key stocks in focus include HCL Technologies, GMR Airports, Adani Enterprises, and Bharti Airtel, with significant corporate announcements and strategic moves shaping the market outlook.

The Economic Times

Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?

Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?

Indian IT stocks rose sharply on Monday, lifting the Nifty IT index nearly 3%, as investors reassessed AI-related fears, attracted by attractive valuations and upbeat sector outlooks. Optimism around potential US rate cuts and positive technical signals further fuelled buying in Infosys, Tech Mahindra, TCS and other IT majors.

The Economic Times

UBS sees mixed outlook for Indian IT sector, mid-tier firms outperform large caps amid AI shift

UBS sees mixed outlook for Indian IT sector, mid-tier firms outperform large caps amid AI shift

Indian IT firms saw varied results in the last quarter. Mid-tier companies performed better than large ones. Artificial intelligence is changing how clients spend money. Some big companies like Infosys and Wipro reported lower growth. Mid-tier firms like Coforge showed strong performance. Clients are focusing on AI and cost savings.…

The Economic Times

Parag Parikh Flexi Cap Fund increase stake ITC, TCS, HDFC Bank and 14 other stocks in April

Parag Parikh Flexi Cap Fund increase stake ITC, TCS, HDFC Bank and 14 other stocks in April

Parag Parikh Flexi Cap Fund boosted its holdings in ITC, TCS, and HDFC Bank during April. The fund also increased its stake in fourteen other companies, including Indraprastha Gas and HCL Technologies. Exposure was reduced in Coal India and Power Grid Corporation of India. The fund made a complete exit…

The Economic Times

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HCL engineer dies from cardiac arrest in Nagpur office

A 40-year-old engineer at the HCL Technologies Company recently died due to cardiac arrest in Mihan, Nagpur on September? Read further on Dynamite News:

Indian IT services giant HCL Technologies hit by ransomware

The attack was limited, HCL claims, and did not affect operations.

The Times of India

'There will be blood on streets': Why Big Tech companies are laying off staff

NEW DELHI: After years of rapid expansion, a trend of freeze in hiring and layoffs has been observed among startups and major tech companies. So far, around 150 US-based companies have laid off over 37,000 people in 2022. Most layoffs were reported in June with 75 US-based tech companies laying…

Catch them young: HCL’s TechBee career programme to hire 2,000 students who have completed Class 12 in Karnataka

HCL Technologies is currently conducting walk-in training interviews across four cities — Bengaluru, Shivamogga, Hubballi and Mysuru — to hire Class 12 students

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Roshni Nadar remains richest Indian woman; Nykaa’s Falguni Nayar top among self-made rich women: Report

Biocon’s Kiran Mazumdar-Shaw has moved down one rank to be the third richest woman in the country with a wealth of Rs 29,030 crore, as per the Kotak Private Banking-Hurun list

Infosys Q1 net rises 3.2%, expenses surge 29%

Deal pipeline strong, will hire 50,000 freshers this fiscal, says managing director Parekh

Andhra Pradesh: over 1,000 AITAM students get placement in Wipro and other companies

The Times of India

HCL Technologies revenue rises by 15.6% in June quarter

BENGALURU: HCL Technologies’ revenue grew 2.7% sequentially in the June quarter, and 15.6% year-on-year in constant currency. In dollar terms, revenue was up 11.2% year-on-year to $3 billion. Its larger Indian peer TCS, which announced its results last week, grew its constant currency revenue 3.5% sequentially, and 15.5% year-on-year.

The Times of India

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.

HCL Technologies rolls out early career programme in A.P.

One-year training will come with an assured job in HCL Tech., says company official

The Times of India

Govt to ink pacts with tech giants to skill up Uttar Pradesh’s youth

LUCKNOW: The state government will collaborate with information technology companies to skill youths and generate employment opportunities for them in the sector. The department of vocational education and skill development has chalked out a plan to collaborate with private companies like Tata Technologies, HCL Technologies, Tech Mahindra, IBM (Richa) to…

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