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The Latest Breaking News from HCLTECH

HCLTech, NetApp expand partnership to deliver hybrid cloud storage-as-a-service for enterprise AI

HCLTech and NetApp expanded their partnership for hybrid cloud storage-as-a-service (STaaS) to accelerate enterprise AI adoption. The initiative is designed to assist organisations in scaling artificial intelligence alongside traditional enterprise data workloads.

The Economic Times

HCLTech says no evidence of system compromise after hacker group’s data breach claim

In an exchange filing, HCLTech said its initial investigation found the data "may be limited and dated to a few years back." The company said there was no evidence of a breach of its systems, and no indication that any client engagement was affected.

The Economic Times

HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub

HCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastructure. The Bhubaneswar project will offer full-stack AI solutions, while HCLTech will also open a technology centre employing 5,000 people by 2028.

The Economic Times

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HCLTech to set up Rs 14,257 crore AI data centre in Odisha with Sarvam

HCLTech will establish its first AI Data Center in Odisha. This significant project involves a capital outlay of Rs 14,257 crores. The initiative aims to boost India's sovereign AI capabilities and local developer ecosystem. It will leverage HCLTech's AI expertise and Sarvam's foundation models. This investment supports India's growing data…

The Economic Times

AI powerful tailwind for accelerating HCLTech's growth: Chairperson Roshni Nadar

HCLTech has always treated disruption as a catalyst for reinvention and growth, not as a threat, she said in HCLTech's latest annual report.

The Economic Times

HCLTech CEO C Vijayakumar's remuneration jumps 67% to $18.13 million in FY26

Vijayakumar, who is based in the US and draws his salary from the step-down wholly owned subsidiary HCL America Inc., saw his compensation jump primarily due to long-term incentives and stock options.

The Economic Times

HCLTech CEO C Vijayakumar's remuneration jumps 67% to Rs 175 crore in FY26

The Economic Times

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HCL Tech shares rise 3% after signing 7-year deal with Guardian Life Insurance

HCLTech shares rose 3% after the IT major announced a seven-year deal with The Guardian Life Insurance Company of America to expand their strategic partnership. Under the agreement, HCLTech will drive AI-led modernisation across Guardian's technology and operations, helping improve efficiency, accelerate value creation, reduce operational friction, and develop AI-powered…

The Economic Times

HCLTech acquires Guardian India Operations for $10.5 million

The company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1 and is not subject to regulatory approvals.

The Economic Times

TCS, Infosys, Wipro & other IT stocks fall more than 2%. Here's why

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up…

The Economic Times

HCL Tech’s Rs 3,500 crore AI data centre foray: A new growth engine or capital-intensive diversion?

HCL Technologies is investing up to Rs 3,500 crore in AI data centres to build a full-stack AI ecosystem spanning infrastructure, compute and managed services. While the phased investment could create a new growth engine, investors will closely watch capital deployment, returns and demand visibility before assigning meaningful value to…

The Economic Times

HCL Tech shares fall 3% after Q1 results. What Nomura, Motilal Oswal & other brokerages suggest now

HCL Tech shares fell over 3% despite reporting a 20% YoY rise in Q1FY27 consolidated net profit to Rs 4,624 crore and a 13% increase in revenue to Rs 34,579 crore. The IT major retained its FY27 constant currency guidance, forecasting 1-4% revenue growth, 1.5-4.5% services revenue growth, and an…

The Economic Times

HCLTech's workforce declines by 3,292 in Q1 FY27

HCLTech's workforce shrank by a net 3,292 employees during the April-June quarter of FY2026-27, marking its sharpest quarterly decline in at least the past five quarters, even as the IT services company reported higher profit and maintained its full-year growth guidance, according to its Q1 FY27 investor release and financial…

The Economic Times

HCL Tech Q1 preview: Revenue may dip QoQ; net profit could rise on currency depreciation

HCL Technologies is expected to report a mixed performance for the June quarter, with brokerages forecasting steady year-on-year profit growth but sequential revenue weakness. Investors will closely watch AI-led demand, margins, deal wins and any changes to the company's FY27 guidance.

The Economic Times

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The Economic Times

HCL Tech announces $1.14 billion AI partnership with European firm

Sources familiar with the matter told ET that the client is Mercedes-Benz, with HCLTech beating out Infosys, which was the incumbent vendor for the account. This comes as enterprises increasingly consolidate vendors, with tech spending budgets tightening amid tough macroeconomic and geopolitical conditions.

The Economic Times

Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?

The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.

The Economic Times

Data centres, AI infra become IT's next growth bet

India's software services industry is finding new growth in data centers and AI. Companies like HCLTech, TCS, Accenture, and Cognizant are investing heavily in AI platforms and infrastructure. This strategic shift aims to position them as end-to-end partners.

The Economic Times

HCLTech bets big on sovereign AI with strategic investment in Sarvam AI

HCLTech strategically invested $1.5 billion in Indian AI startup Sarvam AI, acquiring a 10.5% stake. This partnership aims to address enterprise AI adoption barriers through hybrid models combining private and frontier AI, while also capitalizing on the growing sovereign AI market in India and globally.

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The Economic Times

Sarvam: When US slams the door, India begins to find its own opening

Sarvam AI’s rise to a $1.5 billion valuation after raising $234 million marks a major milestone for India’s push toward AI sovereignty. The funding comes shortly after the U.S. restricted foreign access to some of Anthropic’s most advanced AI models, highlighting the risks of relying on foreign-controlled AI technologies.

The Economic Times

ETtech interview: AI is a capital game; our fundraise is large for India but quite small in the global context: Sarvam cofounders

In an interview with ET, Sarvam cofounder Pratyush Kumar said Sarvam — which counts HCLTech, Bessemer Venture Partners, Peak XV, Khosla Ventures, and Lightspeed among its backers — expects to be in a “constant cycle of building bigger models, raising more capital, and scaling up.” The company is also looking…

The Economic Times

HCL Tech shares jump 3% after buying stake in Sarvam AI for Rs 1,427 crore

HCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India's largest AI startup, acquiring a 10.46% stake. This strategic partnership aims to bolster HCLTech's enterprise AI capabilities by developing industry-specific language models and leveraging Sarvam AI's multilingual and sovereign AI solutions for global clients.

The Economic Times

Sarvam raises $234 million led by HCLTech at $1.5 billion valuation

India's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This investment fuels Sarvam's mission to develop sovereign AI solutions and large language models tailored for India's diverse languages and needs.

The Economic Times

Indian IT firms step up Europe expansion as growth outpaces North America

Indian IT firms are increasingly focusing on Europe for growth, with a significant rise in new delivery centres and strategic investments. This shift is driven by client cost pressures and a surge in AI adoption, creating substantial opportunities for localised solutions and modernisation projects across the continent.

The Economic Times

Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?

Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.

inkl

Best Legacy Software Modernization Companies by Use Case in 2026

Compare legacy software modernization companies by use case: AI readiness, zero-downtime migration, SaaS re-architecture, regulated systems, cloud modernization, and technical debt reduction.

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