HCL Technologies Ltd News

Nifty IT index slips over 2%; Infosys, LTIMindtree, LTTS down up to 5%

For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications

Nifty IT index hits record high on December 10: Here's what drove the rally

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

Mkt regulator Sebi nod to Roshni Nadar to acquire majority stake in HCLTech

Grants exemption from open offer for acquiring stake from father Shiv Nadar

Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%

At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.

In addition to services, we should become product nation: HCL co-founder

Ajai Chowdhry tells that India's strength is in design but it is used by global companies to develop their products in India, which needs to change

IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high

At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.

Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

We want to embed our AI Force platform across our customers: HCLTech CEO

He talks about the growth triggers, spend mindset and GenAI deal growth

Brokerages bullish on HCL Tech post Q2FY25 outperformance, raise EPS target

Shares of HCL Tech hit their lifetime high at Rs 1,882, rising by 1.40 per cent on the BSE in Tuesday's intraday deals after the company delivered solid performance in its quarter two results

HCLTech Q2 results: Net profit rises 10.5% to Rs 4,235 cr, revenue up 8.2%

Revenue for the quarter at Rs 28,862 crore, up 8.2 per cent YoY and grew 2.9 per cent sequentially

HCL Tech Q2 Preview: Brokerages expect flat revenue, decline in TCV

The Indian IT major is expected to register a single digit rise in its topline and bottomline compared to the September quarter of FY24

HCL Tech market-cap tops Rs 5 trn for 1st time; stock up 50% from June low

HCL Tech's market cap first time today touched Rs 5.02 trillion after stock hit a new high of Rs 1,852, gaining 2% on the BSE in Friday's intra-day trade.

TCS, Infy, HCL Tech: Should you buy or sell IT stocks ahead of Q2 results?

Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.

HCLTech worker dies in Nagpur; firm claims giving emergency care at clinic

An employee of HCLTech died after suffering a cardiac arrest in the firm's office in Nagpur city, with the IT major sharing that he was provided emergency care at the campus clinic before being rushed to the hospital. According to the police, Nitin Edwin Michael (40), who worked as a senior analyst, was found unresponsive after he entered the washroom of the office of HCL Technologies Ltd. in the city's Mihan area around 7 pm on Friday. His colleagues rushed him to the All India Institute of Medical Sciences (AIIMS) in Nagpur where doctors pronounced him dead upon arrival, said the official from Sonegaon police station on Sunday. Police sent the body for post-mortem and registered a case of accidental death. Initial autopsy findings indicated Michael died of cardiac arrest, the official said, adding that they are probing the circumstances surrounding his death. Michael is survived by his wife and a six-year-old son, according to police. Calling Michael's death an unfortunate inci

HCL Technologies chairperson Roshni Nadar meets Telangana CM Reddy

HCL Technologies chairperson Roshni Nadar Malhotra on Friday met Telangana Chief Minister A Revanth Reddy and extended an invitation for the opening ceremony of HCL's new office in HITEC City here. The new facility is set to create an additional 5,000 engineering jobs, further contributing to the growth of the local economy and enhancing employment opportunities in the state, an official release said. "Roshni Nadar Malhotra, chairperson of HCL Technologies visited Chief Minister Revanth Reddy to extend a personal invitation for the opening ceremony of HCL's new office in HITEC City, Hyderabad," it said. The discussions were centered on potential partnerships between HCL GUVI and Telangana's Skill University to enhance training programmes and expand educational resources. The chief minister expressed his gratitude to Roshni Nadar for HCL's continuous support and presence in Telangana. He acknowledged the company's significant contributions towards creating employment opportunities

Why did Mphasis, Nifty IT gain up to 4% after US Fed cut rates by 50 bps?

The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.

Mphasis, Infosys fall up to 6%, Nifty IT 3% ahead of Fed rate cut decision

The fall in IT stocks may also be attributed to a report which says Accenture Plc is planning to push back the bulk of its staff promotions by six months

Infy, TCS, LTIM: Pivot levels to track on IT stocks as Fed readies rate cut

The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.

HCLTech to show GenAI-based chatbot, other solutions at SEMICON India 2024

HCLTech on Tuesday said it will showcase its generative AI-based chatbot, along with its other engineering and AI solutions at the SEMICON India event. The three-day conference will commence on September 11, and will be inaugurated by Prime Minister Narendra Modi. "HCLTech suite of solutions on showcase will include conversational AI, HCLTech AI Force -- a generative AI solution that accelerates software development lifecycle, Digital Twins for Wafer Handler and Rack System, Spec to Parts and Spec to Platform and HCLTech Proto ATMP lab demos," HCLTech said in a statement. The IT company will showcase enterprise, digital and engineering innovations, specifically designed for the semiconductor ecosystem, it said. "We look forward to our participation in SEMICON India--especially at a time when India is poised to become a leading player in the semiconductor space. We're happy to contribute our skills, knowledge and engineering prowess gained over four decades. "Our collaborations wit

IT shares in demand; Coforge up 6% as Motilal Oswal upgrades stock to 'Buy'

The IT sector is on the cusp of a mild but possibly sustained recovery in client spending, and the impending rate cut cycle should add to the sector tailwinds, according to MOFSL.