hcltech

hcltech shares dropped nearly 11% after the company projected a softer-than-expected outlook, citing muted March quarter performance. CEO C Vijayakumar stated that new-age offerings have offset over two-thirds of AI-led deflation in traditional services, with FY27 revenue guidance set at 1.5-4.5%.

India's top IT firms are cutting jobs. This shift is driven by AI and changing client demands. Companies now prioritize outcomes over sheer employee numbers. The focus is on skilled workers who can leverage AI. This recalibration signals a new era for the IT sector, emphasizing efficiency and specialized talent.

Infosys’ total workforce stood at 3,28,594 at the end of Q4 FY26, reflecting a sequential decline of 8,440 employees from the previous quarter, but an increase of 5,016 compared to the year-ago period.

The Indian stock market saw mixed movements today, with the BSE and NSE experiencing gains and losses across various sectors. Trent and SBI emerged as top gainers on both exchanges, while companies like Titan and Axis Bank faced declines. Technology and banking stocks showed a general downward trend.

Technology stocks bore the brunt of the selling. Shares of Infosys, hcltech, Tech Mahindra and Tata Consultancy Services fell between 2 per cent and 4 per cent after Infosys’ fourth-quarter results failed to meet market expectations.

Indian IT firms anticipate a largely uneventful March quarter, with muted growth expected due to geopolitical uncertainty and early GenAI impacts. Despite a depreciating rupee boosting earnings, deal momentum faces potential pressure from ongoing conflicts. Companies are likely to remain cautious with their outlooks for the upcoming fiscal year.

HCL Group's 50th-anniversary celebration, featuring a concert by Arijit Singh, gained significant social media attention. The company arranged extended Delhi and Noida Metro services until 12:30 am for employees, allowing free entry with HCL IDs. This gesture sparked widespread discussion and mixed reactions online regarding workplace perks and employee benefits.

Stock market crash today: Nifty50 and BSE Sensex tanked in trade on Thursday, a day after the stock market saw a record single day gain. While Nifty50 went below 23,800, BSE Sensex was down over 1,000 points intraday.

IT giants Infosys and hcltech are implementing temporary measures due to an LPG gas shortage impacting India. Infosys has adjusted food court menus and cooking methods across its Bengaluru, Pune, and Chennai campuses. hcltech has advised its Chennai employees to work from home as cafeteria vendors face operational challenges.

IndianOil's LPG booking app, IndianOil One, has surpassed OpenAI's ChatGPT in India's Google Play Store downloads. This surge is driven by widespread LPG shortages linked to West Asia conflict disruptions, forcing consumers to rely on digital platforms for essential cooking gas. Other oil company apps also saw increased downloads as utility needs trumped AI experimentation.

Indian stock markets experienced a significant downturn on Monday, with the Nifty50 and Sensex both registering substantial losses. Escalating Middle East tensions, rising crude oil prices, and consistent foreign investor withdrawals fueled widespread selling. Upstream oil producers and defense stocks bucked the trend, showing gains amidst the broader market decline.

hcltech is set to acquire Singapore-based Finergic Solutions, a specialist in core banking and wealth management transformation. This strategic move, expected to conclude by April 30, 2026, aims to bolster hcltech's digital services in wealth management. Finergic's expertise in transformation strategy and AI-native workflows will accelerate the delivery of next-generation solutions, enhancing client business outcomes in the financial services sector.

hcltech has announced a partnership with Purdue Global to provide hcltech employees opportunities for higher education. With this collaboration, hcltech employees and its apprentices based in the United States will be able to pursue courses at Purdue Global to enhance their technology skills.

Indian IT giant hcltech has launched its new Global Delivery Center (GDC) in Iasi, Romania. The state-of-the-art center will provide next-generation digital, engineering, cloud, and AI solutions. The expansion in Romania highlights hcltech's commitment to its nearshore strategy and global clients. The company aims to invest in local talent and continue growing the technology ecosystem in Iasi and the entire country. hcltech, which employs approximately 1,000 people in Romania, has been certified as a Top Employer in 25 countries.

hcltech has signed a memorandum of understanding (MoU) with the Indian Institute of Technology (Indian School of Mines), Dhanbad, Jharkhand, to collaborate in the field of petroleum engineering and earth sciences and develop a knowledge management system using cutting-edge IT technologies.

hcltech and Microsoft will work together to develop innovative solutions using generative artificial intelligence (AI) that leverage hcltech's domain expertise and Microsoft's Azure OpenAI Service. The companies will provide joint solutions to streamline IT operations, improve application development, optimise business processes and enhance employee productivity. hcltech will also establish a Microsoft Cloud Generative AI Centre of Excellence (GenAI CoE) that will focus on the development of industry-specific solutions that aim to offer personalised data-driven experiences to customers.

hcltech is expanding its global delivery footprint with a new global delivery centre in Hyderabad's IT hub, Hitech City. The 3.2 lakh sq ft facility will accommodate around 5,000 employees and enhance the company's capacity to offer cloud, AI, and digital transformation solutions to global clients in various industries.

HCL Technologies has partnered with the prestigious MIT Media Lab to spearhead next-generation AI research. This collaboration grants hcltech access to cutting-edge research and a network of innovators, aiming to co-develop impactful and scalable AI solutions. The move underscores hcltech's dedication to advancing AI and emerging technologies through collaborative innovation.

hcltech celebrated its 25th IPO anniversary with a bell-ringing ceremony at NSE in Mumbai. Over 25 years, an Rs 58,000 investment during its IPO reached about Rs 32 lakh. The company announced a special dividend and highlighted its growth to over 220,000 employees worldwide.

hcltech has partnered with GSMA to advance the Open Gateway initiative, aiming to transform the telecom industry by enabling "Network as a Platform" models. The collaboration will leverage hcltech's expertise to develop monetization platforms, integrate AI, and deliver industry-specific use cases, fostering innovation and new revenue streams for Communication Service Providers globally.