Latest news with #E.ON
North Wales Live
24-06-2025
- Business
- North Wales Live
Martin Lewis warns 'bad news' ahead after latest energy price cap forecast released
Martin Lewis says that the amount Brits pay for their gas and electricity looks set to rise. The financial expert has studied energy price predictions from British Gas, and EDF Energy - widely known as the big three - to see how much prices could change. Mr Lewis said he had 'bad news', saying that a spike in wholesale gas rates means a leap in energy costs looks likely. It could mean that Ofgem, the energy regulator, could up the current price cap. The energy price cap, which is the maximum amount energy suppliers can charge you for each unit of energy and standing charge if you are on a standard variable tariff, is currently set at £1,720 per year for a typical household. It started on July 1 and expires on September 30, meaning a new one will come into effect on October 1. Mr Lewis said a drop was not out of the question, but said it would require a 'chunky fall in wholesale rates' to see a drop in October's price cap. He said: "Bad news! Ofgem's energy Price Cap that dictates the rate 2/3 homes in Eng, Scot & Wales pay, is now predicted to rise even more than before. " I've knocked up this table showing today's new average predictions (from 3 big firms) for the Cap for someone on supposed 'typical use'; though far more relevant is the predicted % change as that's roughly what'll hit all homes. "The Cap is already locked in to fall in July... what counts now is what happens next. We're now 1/3 of the way through the assessment period for the 1 Oct Cap, and the predictions for that have risen rapidly over the last couple of weeks. This is because wholesale rates, which are the main changeable factor in the Price Cap, have spiked, meaning the predictions have gone up. "It would now take a chunky fall in wholesale rates for October not to be a rise. After that is more crystal ball gazing though. With the cheapest fixes currently around 15% cheaper than the current price cap, they look a very good bet for those on standard (ie Price Capped) tariffs if these predictions are right."
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Business Standard
24-06-2025
- Business
- Business Standard
HCLTech, AMD launch innovation labs, training to fast-track enterprise AI
Technology services major HCLTech has joined hands with AMD to jointly develop innovation laboratories and training programmes to serve as testbeds for advanced technologies, conducting proof-of-concept tests to hasten the time to market for innovative enterprise tools, the two companies said. 'Workforce training and reskilling initiatives will ensure that enterprises are well-equipped to navigate the evolving digital landscape,' a press release from HCLTech said. 'Combining HCLTech's expertise in digital transformation with our industry-leading EPYC, Instinct and Ryzen PRO processors will enable us to provide enterprises with customised, future-ready solutions that maximise the potential of AI, cloud computing and advanced analytics,' AMD chief executive officer and chairperson Lisa Su said. Over the last fortnight, HCLTech has announced strategic partnerships with several global companies, including one of Europe's largest energy companies. Under the new multi-year agreement with HCLTech will establish a new private cloud and provide cloud and network management across the latter's hyperscalers. Apart from the two strategic partnerships, US-based energy supply company Just Energy, Swedish automobile major Volvo Cars and Spanish health insurance provider ASISA have also selected HCLTech to enhance operations and customer experience, supply engineering services and accelerate business transformation and expansion, respectively.
Economic Times
19-06-2025
- Automotive
- Economic Times
HCLTech partners with E.ON for cloud, AI-led transformation
IT services company HCLTech has entered into a long-term partnership with European energy major to support its product-based transformation, using advanced cloud and artificial intelligence (AI) part of the deal, HCLTech will build a new private cloud and manage global cloud and network infrastructure across major hyperscalers. The partnership aims to help scale automation and boost cloud and network maturity by using advanced tools such as HCLTech's AI Force platform."Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation,' said Gert Buitenhuis, head of global technology platforms at 'HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI." Pankaj Tagra, corporate vice president at HCLTech Europe, added: 'Our collaboration with underscores our continued growth and commitment to the Europe region. We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation to drive innovation, agility, and efficiency.' Recently, HCLTech secured an engineering services deal with Swedish truck manufacturer Volvo Group. The IT company will support Volvo Cars' future engineering goals from its Automotive Centre of Excellence in Gothenburg, along with its global offshore and nearshore delivery centres. Shares of HCLTech closed at Rs 1,723.05, up 1.66% on Monday.
Time of India
19-06-2025
- Business
- Time of India
HCLTech to enhance operations for US energy supply firm Just Energy
HCLTech on Thursday announced a partnership with US-based energy supply company Just Energy to enhance its operations and customer experience. The third-largest IT services player will provide digital process outsourcing solutions alongside its generative AI platform to boost efficiency across the company's IT, finance, analytics, customer care, sales and renewals functions, it said in a statement. This is the second energy sector deal announced by HCLTech in a week. On Monday, the Noida-headquartered software exporter said it is collaborating with European energy multinational on cloud and network management. Also Read: HCLTech partners with Spanish health insurer ASISA to drive digital transformation across Iberia 'By combining our expertise in GenAI and digital process outsourcing, HCLTech will contribute significantly to Just Energy's innovation strategy and customer satisfaction," said Ajay Bahl, chief growth officer, Americas, manufacturing and allied industries, HCLTech. Live Events HCLTech seeks to improve workforce collaboration and business process management at Just Energy through a role-specific single-user interface platform and its business process optimisation offerings, the statement said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "We are confident that HCLTech's proven expertise and commitment to service excellence will help us achieve our key business objectives relating to operational efficiency and service improvements," said Scott Fordham, chief operating officer at Just Energy.
India Today
17-06-2025
- Business
- India Today
Stocks to watch on June 17: TCS, HCLTech, Zee, Biocon, Hyundai, ICICI Bank, NTPC
Even as tensions in the Middle East continue between Israel and Iran, the stock market saw gains on Monday, supported by strong performance in large-cap seemed focused on long-term growth despite the uncertain global environment. On Tuesday, several stocks will be in focus due to company announcements and other key include Tata Consultancy Services (TCS), HCL Technologies, Zee Entertainment, Biocon, Hyundai Motor India, ICICI Bank, NTPC, Vishal Mega Mart and Bata India on Sensex and Nifty. HCL TECHNOLOGIESHCLTech has entered into a strategic multi-year partnership with a large energy company based in Europe. The deal will see HCLTech building a new private cloud for and managing cloud and network services across its global operations. This move is expected to help handle its IT needs more efficiently and support its digital CONSULTANCY SERVICES (TCS)TCS has joined hands with the Council of Europe Development Bank (CEB) to improve the bank's operational systems. As part of this partnership, TCS will bring in its BaNCS platform for Reconciliations. This technology will use artificial intelligence to simplify and automate the bank's transaction matching and data checking BANKThe Reserve Bank of India has approved the reappointment of Sandeep Batra as Executive Director of ICICI Bank for another two years. His new term will begin on December 23, 2025. The reappointment is subject to approval from the bank's MEGA MARTPromoter firm Samayat Services is set to sell up to Rs 9,896 crore worth of shares in Vishal Mega Mart through block deals, according to a report by CNBC-TV18. The size of the sale has increased from an earlier plan of Rs 5,057 crore. The floor price for the share sale has been fixed at Rs 110 per has launched its qualified institutions placement (QIP) process to raise funds. The floor price for the issue is set at Rs 340.20 per share. As per reports, the company plans to raise around Rs 4,500 crore through this QIP. The money is likely to be used to support business growth and reduce NTPC has said it will consider raising up to Rs 18,000 crore through bonds. The decision will be taken in a meeting scheduled for June 21. The funds will be used for business needs, including project financing and working MOTOR INDIAHyundai has started production of passenger vehicle engines at its plant in Talegaon, Maharashtra. The move is part of the company's plan to expand its manufacturing base in ENTERTAINMENTThe board of Zee Entertainment has approved the issue of up to 16.95 crore fully convertible warrants to entities in the promoter group. These warrants will be issued on a preferential basis at a price of Rs 132 each, helping the company raise a total of Rs 2,237.44 crore. The funds may be used for future business needs and INDIAThe Bata Group has announced a new global CEO. Panos Mytaros will take over the top role, replacing Sandeep Kataria, who led the company since 2020. Mytaros brings global experience and is expected to lead the company through its next phase of growth. advertisement
