Page 4 - Hcl

HCL signs pact to acquire IT firm H&D Group to expand presence in Germany

HCL Technologies today said it has signed an agreement to acquire Germany-based IT and engineering services provider, H&D International Group, to help expand its presence in the European nation. The company however did not disclose the acquisition price. "This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company's domain expertise in the global automotive sector," HCL said in a statement. H&D is one of the largest IT service providers in the German automotive industry and operates in over 20 locations globally including Germany, the US, the Czech Republic and Poland. It specialises in IT infrastructure, application services particularly in R&D IT and has extensive expertise in SAP, computer-aided technologies (CAx), engineering services and customer-specific product development. H&D's existing delivery centre in Gifhorn, Germany, will become part of HCL's global delivery footprint and will ...

HCL Tech to consider share buyback on March 20

IT services firm HCL Technologies is going to announce a buyback of shares. The firm will be second among the Indian IT services to consider buyback after Tata Consultancy Services (TCS). The company on Wednesday announced that its Board of Directors will consider a share buyback proposal when they meet next week."A meeting of the Board of Directors of the company will be held on Monday, March 20, 2017, to consider a proposal for buyback of the equity shares of the company," said the company in a filing to BSE."In terms of the code of conduct to regulate, monitor and report trading by insiders of the company, the trading window for trading in the securities of the company, shall remain closed up to the close of business on Wednesday, March 22, 2017 for designated persons."The Gurgaon-based IT services firms had a cash in hand worth Rs 1596 crore (cash and cash equivalents minus borrowings) as on December 31, 2016. Market analysts say HCL has maintained a good track record in capital ..

A sudden change of top bosses at HCL, C Vijaykumar takes charge

Vijaykumar's predecessor Gupta would have under normal circumstances left the CEO's position in Dec 2016

Hindustan Copper restarts Jhagadia Copper

JCL was taken over by HCL through an auction in January 2015; company made a total investment of Rs 300 crore

HCL set to move from data centres to Cloud

Moving towards digital transformation, the company will shut down four of its six data centres in India in next 3-4 years

HCL-Geometric deal gets CCI green signal

HCL would issue 15,640,546 equity shares of Rs 2 each

HCL Info builds converged network for defence forces

Defence Communication Network will bolster prowess of armed forces during critical operations and rescue missions