Latest news with #HCLTECH
India Today
a day ago
- Business
- India Today
HCLTech joins hands with OpenAI to take AI to businesses
HCLTech has announced a strategic partnership with OpenAI to support the growing demand for generative AI solutions among large collaboration aims to help global companies adopt AI at scale, combining HCLTech's industry experience with OpenAI's advanced AI models and ON ENTERPRISE-SCALE AI DEPLOYMENTAs part of this multi-year deal, HCLTech will become one of OpenAI's first strategic services partners. This means it will offer OpenAI's technologies, including models like ChatGPT and APIs, alongside its own AI capabilities to large organisations around the this collaboration, HCLTech plans to provide end-to-end AI solutions, from assessing a company's AI readiness to helping with integration, training, governance, and ongoing management. The focus will be on practical and large-scale use of AI in daily business MODELS TO BE INTEGRATED INTO HCLTECH OFFERINGSOpenAI's models will be embedded into HCLTech's existing platforms such as AI Force, AI Foundry, and a range of industry-specific AI accelerators. These tools help companies automate tasks, improve customer and employee experiences, and simplify complex partnership will also support businesses in sectors such as manufacturing, healthcare, banking, and retail—where HCLTech already has a strong presence—by making use of AI to improve decision-making and said it will also use ChatGPT Enterprise and other OpenAI APIs across its own workforce. This will allow its employees to work with secure, enterprise-grade generative AI tools. These tools can help staff in areas like content creation, coding, data analysis, and customer Guntur, Global Chief Technology Officer and Head of Ecosystems at HCLTech, said the partnership is a major step for the company. 'We are honoured to work with OpenAI, the global leader in generative AI foundation models,' he said. 'This collaboration reflects our commitment to helping global enterprises transform their operations using AI.'Giancarlo 'GC' Lionetti, Chief Commercial Officer at OpenAI, said HCLTech's industry knowledge makes it a good fit for this collaboration. 'As one of the first system integration companies to use OpenAI models to improve efficiency and enhance customer experiences, HCLTech is helping set a new standard for how businesses can benefit from generative AI,' he said.- Ends advertisement
India Today
23-04-2025
- Business
- India Today
Explained: Why HCLTech share price gained 7% in early trade
HCLTech shares rose over 6% in early trade on Wednesday after the company reported better-than-expected results for the January–March quarter of IT major posted an 8% year-on-year rise in net profit to Rs 4,307 crore, while revenue grew 6% to Rs 30,246 crore. The company also declared an interim dividend of Rs 18 per share, to be paid on May the full year, revenue grew by 6.5% and net profit increased 10.8%. Operating margin (EBIT) stood at 18.3%, within the guided REACTIONS ON HCLTECH Q4Brokerages had mixed reactions to the results. While most said the numbers met expectations, they flagged concerns about the management's cautious tone and weaker deal wins in kept a "neutral" rating with a target price of Rs 1,510, saying it expects slower growth ahead. It trimmed earnings estimates for the next two remained upbeat, maintaining a 'buy' rating and raising its target to Rs 1,700, citing stronger-than-expected revenue guidance for Stanley took a middle ground, assigning an 'equal-weight' rating and a target of Rs 1, ahead, HCLTech expects revenue to grow 2–5% in FY26 (in constant currency terms). While this guidance is slightly better than some estimates, it also reflects a cut at the lower end compared to FY25. advertisement
India Today
22-04-2025
- Business
- India Today
Stocks to watch on April 22: HUL, HCLTech, Coal India, Paytm, Mazagaon Dock
Investors will be closely tracking several stocks on Tuesday after Sensex and Nifty began the week with strong gains. Both indices rose for the fifth day in a row on Monday, touching their highest levels since January 6, 2025. The rally was led by banking and financial stocks, but other sectors like energy, IT, and real estate also Nifty crossed a key resistance level of 23,800 after nearly two months, and experts believe the index could now aim for 24,250 and possibly 24,600."We reiterate our positive outlook on the index and suggest continuing with a 'buy on dips' strategy, while acknowledging the possibility of an intermediate pause or consolidation following the recent vertical rally. Traders should align their positions accordingly and avoid adopting a contrarian stance," said Ajit Mishra, SVP, Research, Religare Broking are the key stocks to watch today as Sensex and Nifty are likely to open flat on Tuesday:HCL TECH, WAAREE ENERGIES, TATA COMMUNICATIONSShares of these companies will be in focus as they are set to announce their quarterly results today. Investors will be watching earnings growth, margin movement, and management commentary for future DOCK SHIPBUILDERSCapt (IN Retd) Jagmohan has been appointed as Chairman and Managing Director of the company from April 21. His term will last till his retirement on September 30, 2029. Following his appointment, Biju George, who was holding the additional charge as CMD, has stepped down from that UNILEVER (HUL)HUL has completed the acquisition of a 90.5% stake in Uprising Science for Rs 2,706 crore. This move is part of its strategy to invest in new-age INDIACoal India has signed an agreement with Damodar Valley Corporation to set up two ultra supercritical power plants of 800 MW each in Jharkhand. This could help boost the company's power generation capacity and open up new growth investment platform arm, Paytm Money, has lowered interest rates and changed brokerage charges on its margin trading facility (MTF). The move is aimed at making the service more affordable and accessible for retail POWERTata Power Renewable Energy, a part of Tata Power, has signed a power purchase agreement with Tata Motors. It will set up a 131 MW wind-solar hybrid project as part of this ENTERPRISESThe real estate company has entered a joint development agreement for a project in Malur, East Bengaluru. The project will span 20 acres and is expected to have a gross development value of around Rs 175 LOGISTICS (Q4 RESULTS)The company reported a net loss of Rs 6.75 crore for the March quarter. This is an improvement compared to the loss of Rs 12.85 crore in the same period last year. Revenue grew 8.2% to Rs 1,569.5 crore from Rs 1,450.8 were also key leadership changes announced. Hemant Sikka, currently President of Mahindra's farm equipment business, has been named Managing Director and CEO (Designate) of Mahindra Logistics. Meanwhile, Rampraveen Swaminathan has stepped down from his role as MD and CEO of the company. advertisement
