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Economic Times
4 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
4 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
- Automotive
- Business Upturn
HCLTech and Astemo Cypremos partner to accelerate autonomous and smart vehicle ecosystem
By Aditya Bhagchandani Published on July 9, 2025, 17:49 IST HCLTech announced a strategic partnership with Astemo Cypremos, a subsidiary of Astemo, Ltd., to drive innovation in the autonomous and smart vehicle space. Under the multi-year engagement, HCLTech will help Cypremos transition to a software-defined vehicle (SDV) model, leveraging its proprietary platforms and engineering capabilities. Highlights of the partnership: HCLTech will deploy its end-to-end TestSphere platform to reduce hardware dependency and accelerate software validation. Its AI-driven AI Force tools will improve software quality and performance. The Cloud Bridge multicloud platform will enable real-time validation environments for development. Flexible data systems will support rapid development of self-driving and driver-assist technologies. The companies aim to deliver scalable solutions that enable safer, smarter, and more adaptive vehicles. The engagement is expected to benefit millions of users across 150 countries. Quotes: Takeshi Mitamura, President & CEO, Cypremos: 'Our shared commitment to solving the growing complexity of software development made this partnership possible. Together, we can empower the automotive industry to embrace SDVs and cloud technologies fully.' Masayuki Nakayama, SVP & Country Head, Japan, HCLTech: 'This marks a pivotal step in reshaping the automotive software landscape. With our expertise and platforms, we're driving innovation with Cypremos at scale.' Early pilots have already shown a significant reduction in validation times and improved ROI. For more details, visit: Disclaimer: The information above is based on the company's regulatory filing and is intended for informational purposes only. It does not constitute investment advice. 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.
Time of India
4 days ago
- Automotive
- Time of India
HCLTech collaborates with Astemo Cypremos to drive autonomous vehicle ecosystem
Indian IT major HCLTech has entered into a multi-year partnership with Astemo Cypremos to develop autonomous and smart automobile ecosystem, it said in an exchange filing on Astemo Cypremos is a subsidiary of Astemo Ltd ., which specialises in software and cloud the collaboration, HCLTech will offer its software testing platform TestSphere, generative-AI-based service transformation platform AI Force, and cloud engineering solutions Cloud Bridge to reduce hardware dependency and speed up the creation of self-driving and driver-assist technologies for Astemo, the company autonomous and smart vehicle solutions will help millions of end customers across 150 countries, HCLTech said. Early pilot programs have demonstrated significant reduction in validation cycle times and enhanced return on investment, it added"With our integrated platforms and deep domain expertise, we are driving automotive innovation in collaboration with Cypremos, enabling the delivery of safer, smarter and more adaptive vehicles at scale,' said Masayuki Nakayama, senior vice president and country head of Japan at 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 Indian IT services provider also entered into a collaboration with OpenAI for large-scale enterprise adoption of AI solutions. It also expanded its partnership with cloud computing major Salesforce for enterprise adoption of agentic artificial intelligence (AI) services. The compoany has also entered a strategic alliance with AMD to accelerate enterprise digital transformation worldwide through advanced solutions in AI, digital and cloud.
