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HCL Technologies (HCLTech) has expanded its collaboration with NetApp, the Intelligent Data Infrastructure Company, to offer hybrid cloud storage-as-a-service (STaaS) to enable enterprises scale AI and data driven workloads. The solution provides a flexible, consumption-based model that supports AI and GenAI applications alongside traditional enterprise systems.
This solution integrates HCLTech's Utility for Everything (U4X) digital infrastructure framework with NetApp Keystone, the pay-as-you-go storage service, enabling organizations to align infrastructure with evolving workload requirements. It enables enterprises to scale storage, performance and data services on demand while supporting AI development, deployment and operations via HCLTech's AI Factory suite of offerings.
By combining HCLTech's consumption-led operating model with NetApp's data management capabilities, the offering helps accelerate the transition from AI pilots to enterprise-scale adoption. It strengthens data readiness and governance while enabling organizations to run workloads closer to where data resides, improving efficiency and time to-value.
Following the successful integration of HPE's Communications Technology Group (CTG) business in 2024, the completion of the Telco Solutions business acquisition represents the next milestone in HCLTech's telecom strategy. At a time when Communications Service Providers (CSPs) are accelerating investments in AI-driven network transformation, next generation infrastructure and autonomous operations, the acquisition expands HCLTech's capabilities to help clients modernize applications, adopt AI-led solutions and monetize networks.
By combining the expertise, talent, IP and solutions of CTG and Telco Solutions with HCLTech's engineering excellence, AI capabilities, managed services and more than 30 years of communications industry experience, HCLTech has created a differentiated proposition for CSPs. This strategic combination positions HCLTech to help CSPs accelerate AI-led autonomous operations from radio to core while capturing growth opportunities in network virtualization, convergence and modernization, multi-cloud, edge and datacenter networking, Network-as-a-Service (NaaS), private 5G and Telecom OEM ecosystem transformation.
HCL Technologies Ltd is up for a fifth straight session today. The stock is quoting at Rs 1342, up 1.77% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 24220.8. The Sensex is at 77561.47, up 1.04%. HCL Technologies Ltd has gained around 25.21% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has gained around 18.42% in last one month and is currently quoting at 30418.35, up 2.38% on the day. The volume in the stock stood at 20.37 lakh shares today, compared to the daily average of 46.94 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 1343.3, up 1.27% on the day. HCL Technologies Ltd is down 9.11% in last one year as compared to a 2.55% slide in NIFTY and a 12.23% slide in the Nifty IT index.
The PE of the stock is 19.67 based on TTM earnings ending June 26.
The Technology Center will complement HCLTech's proposed AI Data Center in the upcoming Odisha Sovereign AI Park. The Technology Center will house 5,000 people and is expected to start operations by 2028.
HCLTech's investment will not only contribute to direct and indirect employment but also boost the local talent ecosystem with focus on next-generation skills. Towards this, HCLTech plans to engage deeply with local educational institutions and the government through structured interventions.
HCL Technologies Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1234.5, up 1.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 24172.8. The Sensex is at 77442.96, down 0.34%. HCL Technologies Ltd has risen around 9.2% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has risen around 4.76% in last one month and is currently quoting at 29161.85, down 0.75% on the day. The volume in the stock stood at 25.08 lakh shares today, compared to the daily average of 48.55 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1233.1, up 0.77% on the day. HCL Technologies Ltd is down 18.79% in last one year as compared to a 3.54% drop in NIFTY and a 21.48% drop in the Nifty IT index.
The PE of the stock is 18.21 based on TTM earnings ending June 26.
As part of the partnership, HCLTech will expand the deployment of its AI Service Transformation Platform, AI Force, to develop and implement agentic AI capabilities across Guardian's business. The initiative will support technology transformation across data, applications and engineering, while improving operational efficiency in group benefits, individual protection, retirement and wealth management businesses.
In a significant move, HCLTech will also acquire Guardian India, the insurer's global capability centre, which houses nearly 2,000 employees supporting technology, operations and shared services. The employees will join HCLTech under a dedicated Strategic Business Unit focused exclusively on Guardian's business. Karunakaran Azhisur, currently country head of Guardian India, will lead the new unit after joining HCLTech.
Steve Rullo, chief digital and technology officer at Guardian, said the expanded partnership would help scale AI adoption across the enterprise, strengthen operational excellence and create greater value for customers, policyholders and distribution partners.
Srinivasan Seshadri, chief growth officer and global head of financial services at HCLTech, said the collaboration reinforces the company's leadership in the insurance sector and creates opportunities to co-develop AI-led products and intellectual property while helping Guardian modernise its operations.
HCLTech is a global technology services company with over 223,000 employees across 60 countries.
The company's consolidated net profit increased 20.3% year-on-year and 3.0% quarter-on-quarter to Rs 4,624 crore in Q1 FY27. Revenue from operations rose 13.9% YoY and 1.8% QoQ to Rs 34,579 crore. In US dollar terms, revenue stood at $3.65 billion, up 3.0% YoY but down 0.9% QoQ. Constant currency (CC) revenue declined 0.5% QoQ and increased 2.6% YoY.
HCL Technologies Ltd is up for a third straight session in a row. The stock is quoting at Rs 1206.8, up 1.63% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.92% on the day, quoting at 24294. The Sensex is at 77994.28, up 1.05%. HCL Technologies Ltd has risen around 3.87% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has risen around 2.55% in last one month and is currently quoting at 28722.6, up 1.63% on the day. The volume in the stock stood at 33.09 lakh shares today, compared to the daily average of 50.91 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 1205.3, up 2.7% on the day. HCL Technologies Ltd is down 22.08% in last one year as compared to a 2.7% drop in NIFTY and a 21.41% drop in the Nifty IT index.
The PE of the stock is 17.72 based on TTM earnings ending June 26.