Hcl

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

Foxconn-HCL joint venture secures land for semiconductor plant in Noida

The proposed project could be a significant milestone for the state, as it would be the first OSAT unit to be established in Uttar Pradesh, pending approval from the central government

Subdued discretionary spending to hit India's IT services growth: Report

The latest Fitch Ratings report says that the long-term growth of India's IT services sector will be supported by client spending on digital transformation, cloud migration, and AI

HCLTech unit to acquire French software firm Zeenea for 24 mn euros

Indian company says acquisition will strengthen data and analytics business

HCLTech's Roshni Nadar Malhotra conferred highest civilian award of France

Instituted in 1802 by Napoleon Bonaparte, the Chevalier de la Legion d'Honneur is the highest civilian award given by the French Republic for outstanding service to France

TCS, HCL earnings recovery may get further push from growth in AI demand

TCS results this week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show

Copper demand to skyrocket with shift to clean energy sources: HCL CMD

The demand for copper, a key component in electric vehicles, will go up substantially as the world shifts to cleaner energy sources to mitigate climate change, according to Hindustan Copper Chairman and Managing Director Ghanshyam Sharma. By transitioning from fossil fuels to renewable energy sources like solar, wind, hydro, and geothermal, greenhouse gas emissions can be reduced significantly. "As the world transitions to cleaner energy sources...the demand for copper will increase significantly as a vital component in electric vehicles and renewable energy technologies such as solar panels, wind turbines etc," the CMD said in a recent message on the company's website. He further said the company has been given the charge of utilisation of the nation's copper resources in an efficient and sustainable way. India, he said, is committed to achieving net zero emission by 2070. According to ICRA, the domestic refined copper demand growth is expected to remain healthy at 11 per cent in

HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI

The company says that the solutions will effectively enable business leaders to focus on real-world outcomes and help development teams to build next-gen AI-powered applications with ease

HCLSoftware, Intel launch solution to power next generation 5G networks

HCLSoftware, a division of HCL Technologies, on Monday announced a strategic partnership with Intel Corporation to deliver a joint 5G User Plane Function (UPF) acceleration solution, aiming to power the next-generation 5G networks. The joint solution drives cost reduction for operational expenses and capital expenses by up to 80 per cent, the company said in a statement. HCLSoftware 5G UPF Acceleration Solution is a cloud-native software solution incorporating configurable hardware offloading capabilities for both network Edge and Core deployments. It said that the solution improves subscriber user experience and reduces costs for mobile network operators. HCLSoftware collaborated with Viettel Group, a telecom and technology firm based in Vietnam, to demonstrate the effectiveness of the UPF Acceleration Solution. The results showed improved 5G network throughput and reduced latency, ultimately expected to enhance subscriber user experiences and reduce mobile operator costs. "Our 5

Wipro on job cuts: Aligning business, talent to changing market environment

After startups and Big Tech, layoff season may have begun at the $245 billion Indian IT industry

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India

A lot could depend on how well Micron's project takes off

Foxconn, HCL announce semiconductor JV in India with $37.2 mn investment

Foxconn Technology Group and HCL Group will establish a semiconductor outsourced assembly and testing (OSAT) unit in India, with Foxconn investing $37.2 million for a 40% equity stake

Swimming against the tide

In this age of AI, creating an employee-first culture may seem counter-intuitive. But not if you believe in the primacy of building human relationships at the workplace

Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%

Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent

HCL, WEF's UpLink opens applications for Zero Water Waste Challenge

Indian firm HCL and UpLink, the open innovation platform of the World Economic Forum, have invited applications for the Zero Water Waste Challenge, which is part of the Aquapreneur Innovation Initiative. The challenge calls for innovative water usage approaches to improve freshwater conservation from supply to demand, moving towards zero water waste, according to a release. This is the second of five challenges from HCL and UpLink's Aquapreneur Innovation Initiative. The initiative aims to create innovation ecosystem for the global freshwater sector. The deadline to apply is October 2, 2023. Under this initiative, HCL committed USD 15 million until 2027 to support the water-focused entrepreneurs. Roshni Nadar Malhotra, Chairperson of HCLTech said that as climate change continues to intensify and fresh-water resources become scarcer, corporates have a unique opportunity to make a substantial difference. "At HCL, we are committed to help resolve this global crisis. In partnership w

We must be a product nation, make our own chips: HCL's Ajai Chowdhry

Countries want to invest in semiconductors. It's very tough to get investments. But in 40 nanometers and above, I believe we still have chance, said Ajai Chowdhry, co-founder of HCLTech

JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results

JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company

HCLTech announces plan to double headcount in Romania in next 2 yrs

Indian IT services company employs 1,000 people in European nation to serve global clients

Net hiring in India's top four IT firms drops by 97% to 1,940 in Q3FY23

Tata Consultancy Services, Wipro, Infosys and HCL Tech- reported a combined net addition of 1,940 employees in the quarter that ended December 2022

Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar

IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23