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 E.ON 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 E.ON's global cloud and network infrastructure across major hyperscalers.
The partnership aims to help scale automation and boost E.ON's 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 E.ON. 'HCLTech is a strong partner to support E.ON 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 E.ON underscores our continued growth and commitment to the Europe region. We are thrilled to partner with E.ON 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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
32 minutes ago
- Time of India
Man loses 19.90 lakh in online scam
T'puram: A 57-year-old Poojappura resident fell victim to an online scam, losing Rs 19.90 lakh to fraudsters posing as stock market experts. After searching online for profitable shares, he was contacted by individuals claiming to represent 'Institution Buyers', an alleged govt-approved agency. They lured him with promises of guaranteed returns and added him to a WhatsApp group which shared fake success stories. Over 20 days, the victim transferred funds in 10 transactions, only to realize he had been duped. The victim reported the incident to city cyber police, who launched a probe into the fraudulent scheme. TNN
Time of India
32 minutes ago
- Time of India
State govt to launch Space Park project on Thursday
T'puram: The foundation stone for Kerala's ambitious Common Facility Centre (CFC) and Research & Development Centre (RDC) as part of the Space Park project will be laid on Thursday. The event will be held at the Hyatt Regency, Thycaud, in the capital. Chief minister Pinarayi Vijayan will inaugurate the event. Organized by Kerala Spacepark (KSPACE), the event marks a significant step in boosting the state's aerospace and defence sectors. Spanning 15.06 acres in Pallippuram, the project is backed by Nabard and aims to provide shared facilities for testing, inspection and innovation. The two-day event will also feature exhibitions, startup pitching sessions and industry-academia interactions. Various sponsorship and exhibition opportunities are open to institutions and startups. Registration for delegates and students is now open. The tender for the Space Park was awarded to Ircon International Ltd, a Govt of India undertaking institution under the ministry of railways. The project was granted a Rs 241 crore loan from Nabard for the construction of the buildings and the campus. The tender was called by the Kerala State IT Infrastructure Ltd to construct two key buildings—the CFC and RDC. The estimated completion of the project is 30 months. The new facilities will be built on 3.5 acres of the 18.5 acres allotted by state govt at Technopark Phase IV in Pallipuram. Currently, the Space Park office operates from a rented building in Pattom. The R&D facility will feature startup incubators and other research amenities.
&w=3840&q=100)
Business Standard
42 minutes ago
- Business Standard
Zee to raise over ₹2K cr from preferential issue of convertible warrants
Zee Entertainment Enterprises (ZEEL) will raise over Rs 2,237 crore from the preferential issue of convertible warrants, as its board of directors on Monday approved the promoters increasing their shareholding in the company. These warrants are proposed to be allotted to Altilis Technologies or Sunbright Mauritius Investments, according to the stock exchange filing. The promoters' shareholding in ZEEL will rise to 18.39 per cent from 3.99 per cent. 'In a second board meeting held later in the day, the board of directors considered the various alternatives discussed by JP Morgan and, after due deliberations, adopted and approved the enhancement of promoter shareholding by issuance of up to 16,95,03,400 fully convertible warrants to the promoter group entities on a preferential basis, at Rs 132 per warrant. The promoters of the company will participate in the fundraising exercise by investing Rs 22,37,44,48,800 (Rs 2,237.4 crore) for the company's next phase of growth, taking the total promoter shareholding to 18.39 per cent. The preferential issue is subject to shareholders' approval,' it said in a statement. Before this, the promoter and promoter group, led by Essel Group's Chairman Emeritus of ZEEL, Subhas Chandra, and his family, held 3.99 per cent of the shareholding in the company, according to the Bombay Stock Exchange (BSE). Its shares closed at Rs 138.25, up by 0.68 per cent, on NSE. Shubham Shree, on behalf of the promoter group, was quoted saying, 'The promoters submitted their desire to enhance their shareholding to the board on 1 May when the stock price was at Rs 106.35; however, they are committed to the company and its business even at this higher price.' The Mumbai-based broadcaster also had another meeting with JP Morgan, an investment bank, it stated in its release, where the latter presented an assessment of the company's growth plans and strategic initiatives and also discussed the market perception of the stock and potential alternatives with the board, ZEEL said. R Gopalan, Chairman, ZEEL, said in a statement that the board had deliberated upon the various alternatives discussed with JP Morgan and conducted a thorough evaluation of the company's growth plans. 'The board believes that the steps being implemented to enhance the promoter shareholding will ensure their added motivation to work in line with the enhanced business plan. The investment by the promoters, coupled with the strong, ambitious growth initiatives planned by the management team, will ensure that 'Z' (the new brand logo) remains well-positioned to accelerate its strategic plans to achieve its targeted aspirations,' he added. This comes a month after the company announced its rebranding process and a new phase of growth backed by its focus on content and technology, and its long-term vision around ZEEL's performance and profitability. These steps follow the company implementing several cost-cutting measures in FY25, after Punit Goenka, Chief Executive Officer (CEO), ZEEL, said in the earnings call for the January–March quarter that there is no room for cost-cutting right now for the expansion of its EBITDA margin. In June, the company also announced a strategic equity partnership with content and technology start-up Bullet, where ZEEL is expected to either invest or acquire a stake in the platform, it had stated in the stock exchange filing. Bullet developed India's first micro-drama application focused on fast-paced, creator-driven content through short-duration vertical format episodes targeted towards younger audiences.
