Page 18 - Hcl Technologies

HCL to acquire US-based firm UFS for Rs 199 cr

HCL Technologies on Monday said it would acquire US-based mortgage business service provider Urban Fulfillment Services, LLC for more than Rs 199 crore ($30 million), which would help it to expand its local workforce in the US. Through acquisition of UFS, a 15-year-old mortgage business process and fulfilment services provider spread across three centres in the US, HCL aims to scale up its digital technology based services to clients. India's fourth largest IT service providers will also see 350 highly-skilled professionals of UFS joining its team in the US. The deal is likely to be completed by June depending on certain regulatory approvals for transfer of licenses. "Combining UFS's talent and client portfolio with HCL's deep industry expertise and business acumen, offers us the unique opportunity to provide platform-based services on our own platform, driving transformation through robotics process automation," said Anoop Tiwari, Global Head, Business Services, HCL. Turnover of .

HCL renews IT engagement with Singapore Exchange for five years

No financial details of the deal were disclosed

HCL Tech signs MoU with Andhra govt to set up Rs 500 cr campus

BS ReporterHyderabad, 30 March: India's fourth largest IT services company HCL Technologies today signed an MoU with Andhra Pradesh government to set up its campus in Vijayawada-Amaravati region. The company will invest Rs 500 crore in ten years in the project involving a development center and a training facility spread over 27.86 acres to be allotted by the government."The objective of this MoU is to create a state-of-the-art global IT development center, recruit local talent and mainly create an ecosystem to nourish the sector," AP government said in a statement.The company is committed to provide employment to 5,000 local residents under two phases. In phase 1 project, HCL plans to invest Rs 300 crore providing employment to 3,000 people while in phase 2, which is likely to commence in 2022, Rs 200 crore will be invested providing jobs to 2,000 locals, according to the statement. The company will begin construction of the phase 1 center in early May, 2017 and start training ...

Chicago-based brewer sues HCL Tech for $100 million

The brewer says that HCL failed to meet the deadline

HCL Tech hopes to resolve dispute with MillerCoors over $100 mn lawsuit

Firm says no material impact on March quarter results, asserts good business ties with US brewer

HCL Tech to hire high-school students to train them as software engineers

HCL will provide training for three months to 100 students each in its Lucknow and Madurai campuses

HCL approves Rs 3,500-cr share buyback

HCL Technologies have opted for buyback route to make use of huge piles of cash lying idle with them

HCL Technologies hits 52-week high

The stock up 1.9% to Rs 871 on NSE ahead of board meeting on Monday to consider share buyback.

HCL Technologies gains on share buyback plan

The stock was up 3% to Rs 864 in intra-day trade, trading close to its 52-week high on BSE

HCL Technologies to consider share buyback proposal

Board of Directors will consider a proposal for buyback of the equity shares of company

HCL Technologies to set up operations in AP with Rs 500 cr investment

AP has also allotted 42,000 square foot of space to HCL for a skill development centre

We would be least affected by Hire American policy: C Vijayakumar

Interview of C Vijayakumar, president and CEO of HCL Technologies

HCL Tech Q3 profit beat estimates; company maintains full year guidance

Performance best among top IT firms

HCL Tech Q3 net up 7.8% at Rs 2,070 crore

The company had guided for its 2016-17 revenues to grow 12-14 per cent

HCL Technologies completes acquisition of Butler America Aerospace

The acquisition excludes staffing business of Butler America Inc

HCL Technologies gains after completion of Butler Aerospace acquisition

The stock was up 3% to Rs 860 after the company said it has completed the acquisition of Butler America Aerospace

HCL Tech changes CEO hours before Q2 results

C Vijayakumar takes charge, while Anant Gupta announces his Rs 100-crore start-up

HCL Technologies: Positives priced in

But it stands out for industry-leading revenue growth guidance for FY17

We will continue to have industry-leading growth: C Vijayakumar

Interview with President & CEO, HCL Technologies

HCL Tech's profit rises 16.7%

Net profit at Rs 2,014 crore for September quarter