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HCLTECH ACQUISITION
HCLTech acquires Guardian India Operations for $10.5 millionThe company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1...- HCL Tech shares fall 3% after Q1 results. What Nomura, Motilal Oswal & other brokerages suggest nowHCL 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 rev...
- Elevation’s new India fund; InsuranceDekho charts D-Street pathHappy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech ...
- IT braces for a cold Q1 as guidance cuts loom in the horizonAnalysts widely expect companies in the sector to lower full-year growth guidance, as client spending remains constrained by macroeconomic ...
- Sarvam gets state backing; Andy Jassy’s India visitHappy Thursday! The Indian government may soon end up taking a stake in Sarvam AI. This and more in today’s ETtech Morning Dispatch.
- Kunal Shah’s WhatsApp win; India bourses insulated from AI boomIn bagging the top job at WhatsApp, Cred’s Kunal Shah has done what no Indian entrepreneur could do. This and more in today’s ETtech Top 5.
- Data centres, AI infra become IT's next growth betIndia's software services industry is finding new growth in data centers and AI. Companies like HCLTech, TCS, Accenture, and Cognizant are ...
- L’Oréal adds Innovist to cart; HealthQuad's new fundHappy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2C deal. This and more in today’s E...
- Indian IT firms step up Europe expansion as growth outpaces North AmericaIndian IT firms are increasingly focusing on Europe for growth, with a significant rise in new delivery centres and strategic investments. ...
- Jobless growth in IT: Revenue grows, headcount stagnatesIndia's top IT companies are achieving revenue growth with stable employee numbers. This trend highlights a shift towards automation and im...
- IT firms spend big on acquisitions as AI hits growthIndian IT companies are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic grow...
- IT’s Rs 18 lakh crore m-cap rout; Info Edge, Ixigo post Q4 profitsA multi-month bear market has hit the valuations of India’s top 10 digital and technology services exporters. This and more in today’s ETte...
- ETtech Explainer: Did OpenAI's new AI deployment venture just kill Indian IT stocks?Indian IT stocks plummeted to three-year lows following OpenAI's launch of a new venture focused on direct AI implementation for enterprise...
- Infosys, TCS, HCLTech shares tumble 5% to fresh 52-week lows; Nifty IT crashes 4%. What’s spooking investors?Indian IT stocks tumbled sharply as Infosys, TCS, HCLTech and others fell up to 5%, dragging the Nifty IT index down 3%. The selloff follow...
- Tepid FY27 revenue growth awaits top 5 IT services companiesIndia's leading IT companies expect modest revenue growth in FY27. Geopolitical issues and economic challenges are impacting client spendin...
- HCLTech CEO expects advanced AI services to soften revenue impactThe third largest service provider outperformed its peers, Tata Consultancy Services and Wipro on the count of revenue and profit in its fo...
- HCLTech to acquire Singapore-based Finergic Solutions for about $14.8 millionHCLTech has agreed to buy Singapore-based wealth consulting firm Finergic Solutions for S$19 million in cash. The deal strengthens HCLTech’...
- HCLTech to buy telco solutions business from HPEThe deal is structured as an asset carve-out, including $15 million in incentives based on its 2024-25 performance, with the transaction ex...
- HCLTech bags engineering deal from Volvo GroupOver the past months, the Volvo deal was in the final lap of negotiations between HCLTech and its larger rival Infosys.
- HCLTech completes acquisition of HPE assets for $225 millionThe closure of this deal formally expands HCLTech’s long-standing partnership with HPE, extending its leadership in the telecom services ma...
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