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The Latest Breaking News from HCLTECH

Trump's bid to curb techies may end up benefiting India

Trump’s tightening of H-1B and PERM rules could hurt Indian IT companies in the short term but may also accelerate the shift of more US technology work to India, former HCLTech CEO Vineet Nayar argues. The bigger opportunity would be for Indian firms to move beyond manpower-heavy outsourcing towards higher-value…

The Economic Times · 20h ago

Explained: Why IT stocks ignored Donald Trump’s PERM suspension to gain Rs 70,000 crore in one day

IT stocks rallied up to 4% on Friday, adding Rs 70,000 crore in market capitalisation, despite the US suspension of a labour certification programme. Strong Q2 results from TCS, easing oil prices and bond yields, and developments around OpenAI also supported sentiment. TCS gained after reporting 15% profit growth, while…

The Economic Times · 20h ago

US green-card freeze hits TCS, Infosys, Wipro; GTRI warns of wider IT curbs

The US government has suspended eight technology companies, including TCS, Infosys, Wipro and HCLTech, from the PERM green-card sponsorship programme, raising concerns over potential restrictions on foreign tech workers. A Global Trade Research Initiative (GTRI) report warns that curbs could extend to H-1B hiring and skilled-worker mobility. The move may…

The Economic Times · 22h ago

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Infosys, TCS, Wipro and other IT stocks rise up to 4%. Here are 3 important triggers to watch

IT stocks including TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Coforge and Persistent Systems rose up to 4% on Friday. The gains came amid a confluence of factors, including second-quarter earnings and the US suspension of a certification programme. TCS and Wipro were among the key gainers, while midcap IT stocks…

The Economic Times · Oct 9

TCS, Microsoft respond to US PERM suspension, reaffirm commitment to American workforce

Tata Consultancy Services has been suspended from the permanent labour certification programme by the US Labour Department. This suspension affects eight major technology companies including TCS, Infosys, and Microsoft. TCS stated that this will not impact its hiring strategy or engagements with clients. The company intends to hire 15,000 workers…

The Economic Times · Oct 9

Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB

Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest…

The Economic Times · Oct 7

The economics of India's biggest export industry go topsy-turvy

India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.

The Economic Times · Oct 6

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TCS, Infosys and other IT stocks in focus after Accenture Q4 revenue, outlook beat estimates

Indian IT stocks including TCS and Infosys are in focus following Accenture's strong Q4 results and above-estimate revenue guidance. While the outlook signals potential recovery in discretionary technology spending, analysts warn that Indian IT firms may still report their weakest Q2 growth in three years amid AI-led pricing pressures.

The Economic Times · Oct 5

IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus

Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1% quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period.

The Economic Times · Oct 4

IT Q2 Preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus

India's leading IT firms are projected to exhibit modest revenue growth and stable margins for the second quarter. Analysts anticipate that discretionary spending will remain constrained due to geopolitical issues affecting client budgets. As such, decision-making cycles are expected to prolong for upcoming quarters. Additionally, AI advancements are predicted to…

The Economic Times · Oct 4

AI pressure, client caution cloud Indian IT earnings in September quarter

India's top IT firms are bracing for underwhelming earnings as they revise annual revenue growth expectations downward. The duel of AI-induced pricing pressures alongside restrained client spending is squeezing profit margins in the industry. Analysts predict a gradual sequential revenue rise ranging from 0.7% to 3.5% for the major players,…

The Economic Times · Oct 1

HCLTech software unit to acquire European firm Robotiq.ai for 9 million euros

The company will acquire 100% of the outstanding equity of Robotiq.ai to be acquired by HCL Technologies Austria GmbH, a step- down wholly owned subsidiary of HCLTech, for a cash consideration of nine million euros adjusted for customary post-closing adjustments for net debt and working capital, HCLTech, India’s third largest…

The Economic Times · Sep 28

Sensex crashes over 1,400 pts from day’s high, Nifty below 23,150. 5 triggers behind Rs 9L cr wipeout

Indian markets faced a notable downturn, witnessing significant erosion of capitalisation. Factors like climbing US bond yields and escalating oil prices heightened inflation fears among investors. Anticipation of a rate hike by the Federal Reserve added to the market's woes. Additionally, growing geopolitical tensions in the Middle East, combined with…

The Economic Times · Sep 15

Infosys, HCLTech, TCS, other IT stocks soar up to 6%; Nifty IT rallies 5% as global AI slowdown calls boost sentiment

Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about…

The Economic Times · Sep 15

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The Economic Times · Sep 14

Nifty oversold, IT poised for pullback: Anand James on what traders should do next

Nifty continues to give the feeling of a range trading market, primarily because momentum has been absent on either side.

The Economic Times · Sep 7

Infosys, HCLTech, TCS, other IT stocks drop up to 3% as Fed rate hike worries return. Here's why

Indian IT stocks dropped on Monday as stronger-than-expected US jobs data revived concerns over a September Federal Reserve rate hike. The Nifty IT index dropped over 2%, with Infosys, HCLTech, TCS and others declining. Analysts, however, see longer-term opportunities from AI-led spending on deployment, integration and modernisation.

The Economic Times · Aug 28

HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?

Indian IT stocks surged sharply, led by gains in largecap names, after Nvidia’s strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector.

The Economic Times · Aug 27

Captive buyouts: Are IT cos scaling up or skilling up?

Indian IT companies are buying client technology units to secure larger partnerships. This strategy aims to boost contract values as organic growth slows down. TCS, Wipro, and HCLTech have recently made significant acquisitions. These deals involve acquiring intellectual property and engineering talent. This trend revives a past strategy of acquiring…

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The Economic Times · Aug 25

Sensex rises 287 points, Nifty closes above 24,300 as market swings into green on first monthly expiry after CAS

The Indian stock market ended higher on Tuesday after a volatile session, with Sensex gaining 287 points and Nifty rising 115 points. Pharma, PSU banks and consumer durables led sectoral gains, while private banks and metals declined. IndiGo, Adani Ports, Infosys and Trent gained, while Eternal and HCLTech fell.

The Economic Times · Aug 22

VCs becoming marginal in AI cycle, enterprises should invest in the sector: Peak XV’s Shailendra Singh

“Every large enterprise should be investing in AI,” Singh said at The Economic Times World Leaders Forum in New Delhi. Pointing to HCLTech’s investment in Indian foundational model startup Sarvam AI, and global bets such as Amazon’s backing of Anthropic, he said corporate balance sheets can deploy capital at a…

The Economic Times · Aug 21

AI reshapes India's IT services sector contracts as clients demand more for less

Industry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that the new technology has brought is resulting in shorter contracts.

The Economic Times · Aug 17

Students get hands-on future-ready AI skills at HCLTech and Economic Times masterclass

HCLTech and Economic Times hosted an eight-hour AI Masterclass for engineering students. Around 300 students learned about AI-assisted development and large language models. They explored AI agents and cloud deployments, including AWS Bedrock. Students were encouraged to build AI projects to demonstrate their skills. The masterclass emphasized practical application and…

The Economic Times · Aug 14

HCLTech, NetApp expand partnership to deliver hybrid cloud storage-as-a-service for enterprise AI

HCLTech and NetApp expanded their partnership for hybrid cloud storage-as-a-service (STaaS) to accelerate enterprise AI adoption. The initiative is designed to assist organisations in scaling artificial intelligence alongside traditional enterprise data workloads.

The Economic Times · Aug 11

HCLTech says no evidence of system compromise after hacker group’s data breach claim

In an exchange filing, HCLTech said its initial investigation found the data "may be limited and dated to a few years back." The company said there was no evidence of a breach of its systems, and no indication that any client engagement was affected.

The Economic Times · Jul 24

HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub

HCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastructure. The Bhubaneswar project will offer full-stack AI solutions, while HCLTech will also open a technology centre employing 5,000 people by 2028.

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