Latest news with #PankajTagra
Economic Times
2 days ago
- Automotive
- Economic Times
HCLTech partners with E.ON for cloud, AI-led transformation
IT services company HCLTech has entered into a long-term partnership with European energy major to support its product-based transformation, using advanced cloud and artificial intelligence (AI) part of the deal, HCLTech will build a new private cloud and manage global cloud and network infrastructure across major hyperscalers. The partnership aims to help scale automation and boost cloud and network maturity by using advanced tools such as HCLTech's AI Force platform."Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation,' said Gert Buitenhuis, head of global technology platforms at 'HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI." Pankaj Tagra, corporate vice president at HCLTech Europe, added: 'Our collaboration with underscores our continued growth and commitment to the Europe region. We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation to drive innovation, agility, and efficiency.' Recently, 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 centres. Shares of HCLTech closed at Rs 1,723.05, up 1.66% on Monday.
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Business Standard
5 days ago
- Business
- Business Standard
HCLTech partners with E.ON to create private cloud infrastructure
HCLTech has entered into a strategic partnership with a European energy company, to support the transformation of cloud infrastructure under the terms of the contract. As part of the multi-year agreement, HCLTech will create a private cloud platform for and manage its cloud and network infrastructure across global hyperscalers, which operate large-scale cloud data centres. Headquartered in Germany, has a distribution network of 1.6 million kilometres and approximately 47 million customers. It is one of Europe's largest energy companies, focusing on power and gas distribution and sustainable energy solutions across key European markets. Gert Buitenhuis, Head of Global Technology Platforms at said: 'Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation. HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI.' HCLTech will use its AI Force platform to support in advancing automation and strengthening its cloud and network capabilities as part of its DevOps-driven, product-based transformation. The partnership is intended to support in implementing predictive operations, enhancing operational processes, and responding to market changes. HCLTech AI Force platform HCLTech's AI Force is a patented GenAI platform that supports the software and IT operations lifecycle using commercial and open-source language models. It includes security scanners, search and summarisation tools, speech recognition for requirements, and agentic workflows for development tasks. Pankaj Tagra, Corporate Vice President at HCLTech Europe, said: 'We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation. This partnership reaffirms HCLTech's position as a digital transformation leader, delivering cloud solutions to global enterprises.' HCLTech reported consolidated revenues of $13.8 billion for the 12-month period ending March 2025. The company delivers industry-specific solutions across sectors including financial services, manufacturing, life sciences and healthcare, high tech, semiconductor, telecom and media, retail and CPG, and public services. Tech partnerships Earlier this year, HCLTech partnered with US-based software company UiPath to support global customers in advancing AI-led agentic automation with reduced human intervention. The company was also selected by Volvo Cars as a strategic supplier for engineering services, expanding its existing collaboration in digital and product lifecycle management to deliver end-to-end engineering solutions. In the semiconductor sector, HCLTech was named a Design Solution Partner under the Samsung Advanced Foundry Ecosystem (SAFE) programme to drive innovation through its engineering and R&D capabilities. Additionally, HCLTech entered into a partnership with Western Union to support innovation and digital transformation in the financial services industry.
Time of India
5 days ago
- Business
- Time of India
HCLTech partners with E.ON for cloud, AI-led transformation
IT services company HCLTech has entered into a long-term partnership with European energy major to support its product-based transformation, using advanced cloud and artificial intelligence (AI) technologies. As part of the deal, HCLTech will build a new private cloud and manage global cloud and network infrastructure across major hyperscalers. The partnership aims to help scale automation and boost cloud and network maturity by using advanced tools such as HCLTech's AI Force platform. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo "Our robust digital foundation with a highly mature cloud and network landscape is a pillar of our transformation,' said Gert Buitenhuis, head of global technology platforms at 'HCLTech is a strong partner to support in this next phase, delivering transformation at scale, as well as driving value through automation and AI." Pankaj Tagra, corporate vice president at HCLTech Europe, added: 'Our collaboration with underscores our continued growth and commitment to the Europe region. We are thrilled to partner with in its cloud transformation journey, leveraging our expertise in cloud and DevOps transformation to drive innovation, agility, and efficiency.' Live Events Recently, 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 centres. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Shares of HCLTech closed at Rs 1,723.05, up 1.66% on Monday.
Time of India
13-06-2025
- Automotive
- Time of India
HCL Tech shares in focus after Volvo Cars picks firm for end-to-end engineering services
HCL Tech shares will be in focus on Friday after Swedish carmaker Volvo Cars selected the Indian IT major as one of its strategic suppliers for engineering services . The deal expands their existing collaboration in digital and product lifecycle management (PLM) to include the delivery of end-to-end engineering solutions at scale. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Air conditioners without external unit. (click to see prices) Air Condition | Search Ads Search Now Undo HCL Tech will support Volvo Cars' engineering initiatives through its automotive Centre of Excellence in Gothenburg, Sweden, along with its global offshore and nearshore delivery centres. The company said the partnership aligns with Volvo's focus on sustainable growth and innovation in future mobility. 'This strategic engagement reflects our commitment to delivering high-performance, future-ready engineering solutions that help shape the mobility of tomorrow,' said Pankaj Tagra, Corporate Vice President at HCLTech for Manufacturing and Allied Industries in Europe. He added that the deal further strengthens HCLTech's position as a strategic engineering partner for global automotive clients. Also Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 Live Events Volvo Cars aims to deliver mobility that is personal, sustainable, and safe, and the expanded partnership with HCLTech is expected to support this vision. Also Read: KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75% HCL Tech share price performance and outlook According to Trendlyne, the average target price for HCL Tech is Rs 1,664, suggesting a potential downside of about 2% from current levels. Among 44 analysts tracking the stock, the majority have a 'Hold' rating. Technically, the stock's Relative Strength Index ( RSI ) stands at 62.4, indicating neutral momentum. The MACD is at 19.9, positioned above both the centre and signal lines — a bullish signal. HCL Tech shares closed 1.1% lower at Rs 1,702 on the BSE in the previous session, even as the Sensex slipped 1%. The stock has gained 11% in the past three months but remains down 12% over the last six months. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
12-06-2025
- Automotive
- Time of India
HCLTech bags mega deal likely worth over $1 billion from Volvo Group
Live Events IT player HCLTech has secured a likely more than $1 billion sized contract from Swedish truck maker Volvo Group in a close the past months, the Volvo deal was in the final lap of negotiations between HCLTech and its larger rival Infosys 'Volvo Cars has chosen HCLTech as one of its strategic suppliers for engineering services ,' HCLTech, the country's third largest IT player, said in a statement on Thursday. 'This agreement significantly expands HCLTech's role to cover the delivery of end-to-end engineering solutions at scale.'In 2016, HCLTech had won an over $1 billion deal from Volvo Group that included acquisition of Volvo's external IT services arm for around $138 million (then Rs 895 crore). This acquisition was estimated to deliver $1 billion in revenue over a five-year the second largest software services exporter Infosys engages with Polestar , a Volvo firm, on a variety of industrial engineering the period, HCLTech also set up an automotive centre of excellence in Gothenburg based on the domain expertise of the Volvo team, to serve HCLTech's global automotive and manufacturing strategic collaboration will see the company support Volvo Cars' engineering future ambitions from its automotive Centre of Excellence in Gothenburg, as well as its global offshore and nearshore delivery centres, HCLTech statement added.'We are proud to broaden our relationship with Volvo Cars at such a pivotal moment in its transformation journey,' said Pankaj Tagra, corporate vice president-manufacturing and allied industries, Europe at HCLTech. 'HCLTech is investing substantially in next-gen automotive engineering . This strategic engagement reflects our commitment to delivering high performance, future-ready engineering solutions that help shape the mobility of tomorrow.'
