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Economic Times
3 days ago
- Automotive
- Economic Times
HCL Technologies shares in focus after securing 10-year strategic deal with Dunedin City Council
Shares of HCL Technologies are expected to be in focus on Thursday, July 10, following the company's announcement of a significant strategic partnership with the Dunedin City Council (DCC) in New Zealand. ADVERTISEMENT The Indian IT major has signed a 10-year agreement to modernize and manage the Council's IT services, marking a major milestone in its global public sector engagement strategy. In a press release, HCLTech stated that the deal involves transforming DCC's IT services across various domains, including cybersecurity, hybrid cloud, service management, IT asset management, and network services. The engagement aims to enhance support, scalability, and security for the Council while improving service delivery and community part of this partnership, HCLTech will implement modern omnichannel tools, phased self-service options, and responsive onsite support to boost operational efficiency and make digital services more accessible and intuitive for Dunedin the company will utilize its AI and automation platforms to streamline routine tasks, minimize downtime, and provide 24/7 virtual support to Council staff. ADVERTISEMENT Also read: Q1 results boom: 11 companies set to double profits with up to 2,500% surge. Own any? In addition to this, on Wednesday, HCLTech announced another key partnership. The company revealed that it had partnered with Tokyo-based Astemo Cypremos, a subsidiary of Astemo, to accelerate innovation in the autonomous and smart vehicles ecosystem. ADVERTISEMENT As part of the multi-year engagement, HCLTech will support Cypremos in transitioning to a software-defined vehicle model using its proprietary suite of smart vehicle enablers. The company will deploy its end-to-end software testing platform, TestSphere, to accelerate validation cycles and reduce hardware dependency in vehicle collaboration will also feature AI Force, HCLTech's GenAI-led transformation platform, which will help boost software quality and system performance. ADVERTISEMENT Furthermore, Cloud Bridge, a cloud-based solution from HCLTech's intelligent engineering suite, will facilitate real-time and reliable multicloud validation HCLTech-Cypremos partnership is projected to support millions of end users across 150 countries. According to the company, early pilot programs under this initiative have shown significant reductions in validation cycle times and improved return on shares closed 2% lower on Wednesday at Rs 1,674.05 on the BSE. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
HCL Technologies shares in focus after securing 10-year strategic deal with Dunedin City Council
HCL Technologies shares: The Indian IT giant has entered into a 10-year deal to upgrade and oversee the Council's IT services, representing a significant step forward in its global public sector strategy. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of HCL Technologies are expected to be in focus on Thursday, July 10, following the company's announcement of a significant strategic partnership with the Dunedin City Council (DCC) in New Indian IT major has signed a 10-year agreement to modernize and manage the Council's IT services , marking a major milestone in its global public sector engagement a press release, HCLTech stated that the deal involves transforming DCC's IT services across various domains, including cybersecurity, hybrid cloud, service management, IT asset management, and network engagement aims to enhance support, scalability, and security for the Council while improving service delivery and community part of this partnership, HCLTech will implement modern omnichannel tools, phased self-service options, and responsive onsite support to boost operational efficiency and make digital services more accessible and intuitive for Dunedin the company will utilize its AI and automation platforms to streamline routine tasks, minimize downtime, and provide 24/7 virtual support to Council addition to this, on Wednesday, HCLTech announced another key partnership. The company revealed that it had partnered with Tokyo-based Astemo Cypremos, a subsidiary of Astemo, to accelerate innovation in the autonomous and smart vehicles part of the multi-year engagement, HCLTech will support Cypremos in transitioning to a software-defined vehicle model using its proprietary suite of smart vehicle enablers. The company will deploy its end-to-end software testing platform, TestSphere, to accelerate validation cycles and reduce hardware dependency in vehicle collaboration will also feature AI Force, HCLTech's GenAI-led transformation platform, which will help boost software quality and system Cloud Bridge, a cloud-based solution from HCLTech's intelligent engineering suite, will facilitate real-time and reliable multicloud validation HCLTech-Cypremos partnership is projected to support millions of end users across 150 countries. According to the company, early pilot programs under this initiative have shown significant reductions in validation cycle times and improved return on shares closed 2% lower on Wednesday at Rs 1,674.05 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
4 days ago
- Business
- Business Upturn
HCLTech named a Workday sales partner to drive AI-led workforce transformation
By Aditya Bhagchandani Published on July 8, 2025, 19:29 IST HCL Technologies (HCLTech) announced that it has been named a Workday Sales Partner, strengthening its position in delivering AI-driven human capital management (HCM) solutions to enterprises globally. In a press release dated July 8, 2025, the company said the partnership will help drive broader adoption of Workday's suite of solutions, combining HCLTech's advisory and pre-sales expertise with Workday's HCM, Financial Management, Payroll, and Adaptive Planning platforms. HCLTech plans to leverage its GenAI-led service transformation platform, AI Force, to offer customers advanced AI insights, automation, and predictive analytics, enhancing agility, scalability, and resilience for organizations adopting Workday solutions. 'We are excited to embark on this journey with Workday. This partnership is pivotal in our mission to leverage AI, technology, and innovation to redefine the future of human capital management,' said Sadagopan S, Executive Vice President and Global Head of SaaS and Commercial Applications at HCLTech. The company noted that its global reach—over 223,000 employees across 60 countries—and industry expertise across sectors like financial services, manufacturing, healthcare, telecom, and public services will further strengthen this collaboration. HCLTech reported consolidated revenues of $13.8 billion for the twelve months ending March 2025. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
11-06-2025
- Business
- Hans India
HCLTech expands partnership with The Standard to accelerate AI-led transformation and deliver digital-first services at scale
HCLTech, a leading global technology company, announced an expansion of its partnership with Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals. This expanded partnership with The Standard will deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience. This collaboration will also accelerate The Standard's shift to an IT products and services-based operating model, enabling greater agility, customer value and progress toward the company's long-term digital transformation goals. HCLTech's GenAI-led service transformation platform, AI Force, digital engineering and cloud services will support The Standard's focus on exceptional customer service in the delivery of workplace benefits. This transformation will be further driven by a newly formed Joint Innovation Council and Digital Experience Office, reinforcing The Standard's commitment to innovation and delivering scalable, user-centric experiences. "The Standard's growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach," said Laxman Prakash, Chief Information Security Officer and Head of IT Infrastructure and Security Management Organization at The Standard. "We look forward to the positive impact that this ongoing partnership will provide for our customers." 'We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector,' said Anubhav Mehrotra, Senior Vice President, Head of Insurance, North America, at HCLTech. 'This collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey."
Business Standard
11-06-2025
- Business
- Business Standard
HCL Tech rallies on expanding partnership with The Standard
HCL Technologies jumped 3.20% to Rs 1,721.35 after the company announced an expansion of its partnership with Standard Insurance Company (The Standard) to deliver AI driven infrastructure, enhance customer experience. Standard Insurance Company (The Standard), a leading provider of financial protection products and services for employers and individuals. This expanded partnership with The Standard will deliver AI-driven infrastructure and application services to boost efficiency, support rapid growth and enhance customer experience. This collaboration will also accelerate The Standards shift to an IT products and services-based operating model, enabling greater agility, customer value and progress toward the companys long-term digital transformation goals. The company's GenAI-led service transformation platform, AI Force, digital engineering and cloud services will support The Standards focus on exceptional customer service in the delivery of workplace benefits. This transformation will be further driven by a newly formed joint innovation council and digital experience office, reinforcing The Standards commitment to innovation and delivering scalable, user-centric experiences. Laxman Prakash, chief information security officer and head of IT infrastructure and security management organization at The Standard, said, The Standards growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach, we look forward to the positive impact that this ongoing partnership will provide for our customers. Anubhav Mehrotra, senior vice president, head of insurance, North America, at HCLTech, said, We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector, this collaboration underscores HCLTech's investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey. HCL Technologies is a global technology company, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. The companys consolidated net profit declined 6.14% to Rs 4,309 crore despite of 1.19% increase in net sales to Rs 30,246 crore in Q4 FY25 over Q3 FY25.
