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The Latest Breaking News from HCLTECH

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

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

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

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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

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

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…

The Economic Times

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

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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

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

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

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

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

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.

The Economic Times

HCLTech to set up Rs 14,257 crore AI data centre in Odisha with Sarvam

HCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The initiative aims to boost India's sovereign AI capabilities and local developer ecosystem. It will leverage HCLTech's AI expertise and Sarvam's foundation models. This investment supports India's growing data…

The Economic Times

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The Economic Times

AI powerful tailwind for accelerating HCLTech's growth: Chairperson Roshni Nadar

HCLTech has always treated disruption as a catalyst for reinvention and growth, not as a threat, she said in HCLTech's latest annual report.

The Economic Times

HCLTech CEO C Vijayakumar's remuneration jumps 67% to $18.13 million in FY26

Vijayakumar, who is based in the US and draws his salary from the step-down wholly owned subsidiary HCL America Inc., saw his compensation jump primarily due to long-term incentives and stock options.

The Economic Times

HCLTech CEO C Vijayakumar's remuneration jumps 67% to Rs 175 crore in FY26

The Economic Times

HCL Tech shares rise 3% after signing 7-year deal with Guardian Life Insurance

HCLTech shares rose 3% after the IT major announced a seven-year deal with The Guardian Life Insurance Company of America to expand their strategic partnership. Under the agreement, HCLTech will drive AI-led modernisation across Guardian's technology and operations, helping improve efficiency, accelerate value creation, reduce operational friction, and develop AI-powered…

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The Economic Times

HCLTech acquires Guardian India Operations for $10.5 million

The company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1 and is not subject to regulatory approvals.

The Economic Times

TCS, Infosys, Wipro & other IT stocks fall more than 2%. Here's why

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up…

The Economic Times

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

HCL Tech shares fall 3% after Q1 results. What Nomura, Motilal Oswal & other brokerages suggest now

HCL Tech shares fell over 3% despite reporting a 20% YoY rise in Q1FY27 consolidated net profit to Rs 4,624 crore and a 13% increase in revenue to Rs 34,579 crore. The IT major retained its FY27 constant currency guidance, forecasting 1-4% revenue growth, 1.5-4.5% services revenue growth, and an…

The Economic Times

HCLTech's workforce declines by 3,292 in Q1 FY27

HCLTech's workforce shrank by a net 3,292 employees during the April-June quarter of FY2026-27, marking its sharpest quarterly decline in at least the past five quarters, even as the IT services company reported higher profit and maintained its full-year growth guidance, according to its Q1 FY27 investor release and financial…

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

HCL Tech announces $1.14 billion AI partnership with European firm

Sources familiar with the matter told ET that the client is Mercedes-Benz, with HCLTech beating out Infosys, which was the incumbent vendor for the account. This comes as enterprises increasingly consolidate vendors, with tech spending budgets tightening amid tough macroeconomic and geopolitical conditions.

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