Hcl

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

HCLTech bags deal to modernise IT operations for US insurer State Farm

Some employees of the American company will transfer to HCLTech and continue providing services

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

IT majors lowering revenue projections for FY23 amid macroeconomic troubles

HCL's CEO C Vijaykumar recently said that the spending on hi-tech and telecom verticals was lower than expected and with price changes, it is going to be a big macroeconomic challenge

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

HCL Foundation CSR spending up 10.76% to Rs 216 crore in FY22

HCL Foundation, a CSR arm of HCL Technologies Ltd, on Thursday said it spent Rs 216 crore during the 2021-22 fiscal on several initiatives across urban and rural development besides environmental action, up by 10.76 per cent from over the year. About Rs 195 crore was the CSR investment made during the 2020-21 financial year. "HCL Foundation and its partners worked tirelessly with communities to multiply our programme reach by over 12 times since 2016. Our projects are aligned with the UN Sustainable Development Goals... We remain committed to the long road ahead," said HCL Technologies CEO and Managing Director C Vijayakumar. Since 2016, the Foundation has spent Rs 900 crore on CSR programmes that span healthcare, sanitation, poverty eradication, education, skilling and livelihoods, environment and disaster risk reduction, the Foundation said in a statement. Speaking to PTI, HCL Foundation Vice President and Director Nidhi Pundhir said CSR programmes were implemented during the ...

Two Indian companies to pick up over 26% but less than 51% stake in ISMC

Next Orbit director refuses to divulge names though talks were reportedly on with HCL, Reliance Industries

Moonlighting is a conflict of interest, says IBM to its employees

IBM has asked its employees to refrain from engaging in a second job or gig in any capacity and has declared it as against the company contract

HCL's Shiv Nadar most generous: Hurun India Philanthropy List 2022

HCL founder Shiv Nadar topped as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday. Nadar, 77, has reclaimed the 'India's most generous' title with a donation of Rs 3 crore per day, according to the report. Wipro's Azim Premji, 77, slipped to the second position with an annual donation of Rs 484 crore after ruling at the top position for the last two consecutive years, it said. India's richest man Gautam Adani, 60, ranked seventh in Edelgive Hurun India Philanthropy List 2022, with a donation of Rs 190 crore. The report further revealed that in India a total of 15 individuals made an annual donation of over Rs 100 crore, 20 donated over Rs 50 crore and 43 over Rs 20 crore. A M Naik, 80, group chairman of Larsen and Toubro, who donated Rs 142 crore, is the country's most generous professional manager, the report stated. It further said that Nithin Kamath and Nikhil Kamath of Zerod

HCL founder Shiv Nadar gets USISPF's Lifetime Achievement Award 2022

Bilateral non-profit organisation honours billionaire for his contribution to technology industry and philanthropy

Battling attrition in India, HCL to hire 1000 employees in Brazil

IT services giant's attrition grew to 23.8 per cent in the first quarter of FY23

HCL Technologies now HCLTech as firm set for 'Supercharging Progress'

The company also launched its new employee value proposition (EVP) - 'Find Your Spark'

Freshers take to social media as IT companies delay onboarding process

The IT companies, including Wipro, Infosys, and HCL have, however, stated that all the offers made will be honoured

HCL Tech, Intel launch Centre of Excellence for Digital Workplace offering

Unit will serve as a hub to test and validate new digital tech platform solutions and architectures to meet the workload-intensive demands of enterprises in a hybrid workplace environment

Falling margins, high attrition, moonlighting causing trouble for IT sector

Wipro, one of the four IT majors in India, announced that it will withhold the variable pay of mid, and senior-level employees for the June qtr (Q1FY23) due to poor financial health

Slowdown in hyper-scalers could impact the revenue of the IT companies'

Major IT companies in India including Tata Consultancy Services (TCS), Wipro, Infosys and HCL earn nearly 50 per cent of their revenue from digital solutions supported by hyper-scalers like AWS, Azure

India's start-up story is intact, innovation vibrant: HCL Tech CEO

Vijayakumar asserted that the company is "on a good upcycle", and will use multiple levers to mitigate the challenges around margins