Page 2 - Hcl Technologies

Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%

The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.

Disapprove moonlighting, but issue not a big problem in company: HCL Tech

HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company. Put simply, moonlighting refers to employees taking up side gigs to work on more than one job at a time. "Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing. Fortunately, he said, moonlighting has not come up as a big problem within HCL Technologies. "We don't have that as big problem that we have too many people indulging in dual employment. It is not a big problem. We have had one or two stray

HCLTech restructures the top management with a new COO and CHRO

VV Apparao, who has worked as the company's Chief Human Resources Officer (CHRO) since 2017, will now take over as the chief delivery officer for nearshore.

Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100

CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.

HCL Tech Q2 preview: Margins to improve QoQ; revenue may rise up to 20% YoY

HCL Tech Q2 results preview: Its net profit may rise by as much as 6 per cent YoY. The company's EBIT margins will likely improve by 20-60 basis points to 17.6%

IT giant HCL acquires majority stake in vernacular edtech platform GUVI

IT major HCL said it has acquired a majority stake in vernacular edtech platform GUVI -- one of the few companies in India to partner with Elon Musk's 'OpenAI' initiative -- for an undisclosed sum

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

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

IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns

In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.

HCL Tech lays off over 300 globally working on Microsoft projects

Company silent on layoff details, but sources say those asked to go are from India, Philippines and Guatemala

Top Gainers and Losers, NSE: TECHM grows 3.4%; ULTRAMCEMCO falls 1.9%

Today NSE Top Gainers and Top Loser, 9 Sept: Tech Mahindra rose by 3.4 percent, UltraTech cement falls by 1.97 percent. Read this detailed report on gainers and losers in National Stock Exchange

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

F&O Strategy: Nandish Shah recommends a Bull Spread on HCL Tech for August

The technical analyst from HDFC Securities recommends buying HCLTECH 960 Call and simultaneously selling 1000 Call of the August series.

IT industry's 'people' conundrum may delay its revenue growth targets

The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams

Confluent's Neha Narkhede enters Hurun's ten richest Indian women list

Confluent head India's wealthiest new entrant in Hurun rankings, Roshni Nadar Malhotra tops second year in a row

Attrition continues to hit margins at top-tier IT companies in Q1FY23

Talent retention has eroded not only their margins but also any gains they may have made from rupee depreciation

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

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

Biz continuity plan in place for Sri Lanka operations, says HCL Tech CEO

HCL Technologies on Wednesday said it has a business continuity plan for operations in Sri Lanka, with adequate flexibility for workloads to be taken over by teams in India and other geographies.

HCL Tech sees attrition easing in couple of quarters: CEO Vijayakumar

In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues

Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%

The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.