E.ON Deepens Partnership with HCLTech to Accelerate Product-Based Transformation

FRANKFURT, Germany & NOIDA, India--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced a strategic partnership with E.ON, one of Europe's largest energy companies with a distribution network of 1.6 million kilometers and around 47 million customers. This makes HCLTech a key partner for the continuous cloud journey of E.ON.
Under the new multi-year agreement, HCLTech will establish a new private cloud and provide cloud and network management across the hyperscalers of E.ON globally.
HCLTech will leverage its solutions like AI Force to enable E.ON to scale hyperautomation and enhance cloud and network maturity to accelerate its DevOps-led, product-based transformation. The collaboration will enable E.ON to adopt predictive operations, enhance efficiency, foster innovation and respond swiftly to evolving market demands.
Gert Buitenhuis, Head of Global Technology Platforms at E.ON, 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 E.ON in this next phase, delivering transformation at scale, as well as driving value through automation and AI."
Jens Kallrath, Head of Partnering and Vendor Management at E.ON, said, "HCLTech has been a strategic partner to E.ON, bringing proven expertise in transformation and DevOps. Together, we are well-positioned to accelerate our transformation journey by driving agility, efficiency and innovation."
Pankaj Tagra, Corporate Vice President at HCLTech Europe, said, '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. This partnership reaffirms HCLTech's position as a trusted digital transformation leader, delivering cutting-edge cloud solutions to global enterprises with its future-ready portfolio.'

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Stocks to watch today [17 June]: Mphasis, HCL Tech, TCS, Godrej Properties, Zee Entertainment among shares to focus

Business Upturn

an hour ago

Business Upturn

Stocks to watch today [17 June]: Mphasis, HCL Tech, TCS, Godrej Properties, Zee Entertainment among shares to focus

Indian markets are expected to take cues from both domestic developments and global sentiment. Here's a list of notable stocks to keep an eye on for June 17, 2025: Key updates: Mphasis: Entered into a strategic partnership with Sixfold to enhance AI-driven insurance underwriting capabilities. HCL Tech: Partnered with Europe's to accelerate product-based transformation. Hyundai Motor: Commenced passenger vehicle engine production at Talegaon Plant, Maharashtra. Mastek: Secured a cybersecurity training contract from NHS England. Hikal Ltd: Jigani unit passed Brazilian Health Regulatory Agency's GMP audit. Marine Electricals: Received an order worth ₹57.1 million from the Indian Navy. TCS: Partnered with the Council of Europe Development Bank to transform reconciliation processes. Neopolitan Pizza: Signed a franchise development agreement with Regional to Global Consultancy Services. Z-Tech: Received a major work order for road infrastructure upgradation in Uttarakhand. Paras Defence: ICRA revised outlook on company's facilities to 'Positive.' Tanla Platforms: Board approved a ₹175 crore buyback at ₹875 per share. Zee Entertainment: Raised ₹2,237 crore via warrant issue to promoter entities. Prostram: To install 30 MW/120 MWh standalone battery storage system for Bihar State Power Generation Co. Godrej Properties: Acquired 16-acre land parcel in Upper Kharadi, Pune; estimated revenue potential of ₹3,100 crore. Axis Cades: Signed an agreement with Indra to boost production of advanced systems in India. Thirumalai Chemical: To consider preferential issue in upcoming board meeting on June 19. Other notable developments: Laxmi Organic: Bombay HC dismissed company's writ petition against MSEDCL. Vishal Mega Mart: Block deal launched by Kedaara Capital to sell 10% stake at ₹110/share. Asian Paints: ICICI Prudential Mutual Fund acquired 85 lakh shares for ₹1,876 crore. Biocon: Launched ₹4,500 crore QIP; floor price set at ₹340.20/share. State Bank of India: Shareholders approved raising $3 billion in FY26. ONGC: Gas leak in Assam well continues for the fifth day. Corporate actions: Hindustan Zinc: Ex-Date today, Dividend ₹10/share. eMudhra Ltd: Ex-Date tomorrow, Dividend ₹1.25/share. Sarla Performance Fibers: Ex-Date tomorrow, Dividend ₹3/share. Surveillance updates: Stocks included in ST-ASM: Dynamic Cables, Oriana Power, Servotech Renewable Power System. Stocks excluded from ST-ASM: IFGL. Stocks in LT-ASM: Lumax Auto. Price band revisions: 10% to 5%: Black Box, BLS E-Services, Camlin Fine, Godavari Bio, Suven Life. 20% to 5%: Bajel Projects, Balu Forge, Centrum Capital, HCC, Inox Green, Interarch, Ramco Systems, Reliance Power, Schneider, Shilpa Medicare, SKM Egg, Subex, Tata Teleservices. Disclaimer: The information provided in this article is based on company announcements and publicly available data. It does not constitute investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions. Ahmedabad Plane Crash News desk at

iA Financial Group Announces Offering of $400 million of Institutional Preferred Shares

Business Wire

2 hours ago

Business Wire

iA Financial Group Announces Offering of $400 million of Institutional Preferred Shares

QUEBEC CITY--(BUSINESS WIRE)--iA Financial Corporation Inc. (TSX: IAG) (the ' Company ') announced today an offering of $400 million of Non-Cumulative 5-Year Rate Reset Class A Preferred Shares Series C (the ' Preferred Shares '). The Preferred Shares will be sold to certain institutional investors on a best-efforts agency basis by a syndicate of agents co-led by RBC Capital Markets, National Bank Financial Markets and TD Securities. The Preferred Shares will be issued at a price of $1,000 per share and will pay fixed dividends at a rate of 6.435% per annum, payable semi-annually, as and when declared by the Board of Directors of the Company, for the initial period ending on, but excluding, June 30, 2030. Thereafter, the dividend rate of the Preferred Shares will reset every five years at a rate per annum equal to the prevailing 5-year Government of Canada Yield, plus 3.40%. The offering is expected to close on or about June 23, 2025. The Company intends to use the net proceeds from the sale of the Preferred Shares for general corporate purposes, which may include investments in subsidiaries and repayment of indebtedness. Subject to the prior approval of the Autorité des marchés financiers, the Company may redeem the Preferred Shares, in whole or in part, on June 30, 2030 and every five years thereafter during the period from May 30 to and including June 30, commencing in 2035, on not less than 10 days' and not more than 60 days' prior notice. The Preferred Shares will be offered in each of the provinces of Canada under a shelf prospectus supplement (the ' Prospectus Supplement ') to the Company's short form base shelf prospectus dated April 25, 2024 (the ' Shelf Prospectus '). Access to the Prospectus Supplement, the Shelf Prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to the documents. The Shelf Prospectus is, and the Prospectus Supplement will be (within two business days), accessible on SEDAR+ at An electronic or paper copy of the Prospectus Supplement, the Shelf Prospectus and any amendment to the documents may be obtained, without charge, from RBC Dominion Securities Inc. by contacting torontosyndicate@ National Bank Financial Inc. by contacting syndicate-corp@ or TD Securities Inc. by contacting TDCAN-Syndicate@ by providing the contact with an email address or address, as applicable. Notice This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful. The Preferred Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act ') or the securities laws of any state of the United States of America, and may not be offered, sold or delivered, directly or indirectly, within the United States, its territories, its possessions and other areas subject to its jurisdiction or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act), except in certain transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within the United States. About iA Financial Group iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares). iA Financial Group is a business name and trademark of iA Financial Corporation Inc.

Business Wire

3 hours ago

Business Wire

Zycus Horizon SEA 2025 Champions Agentic AI as the Future of Procurement

PORT DICKSON, Malaysia--(BUSINESS WIRE)-- Horizon SEA 2025, Zycus' flagship conference in Southeast Asia, concluded with strong momentum, bringing together senior procurement leaders from Malaysia, Singapore, the Philippines, India, and the broader Middle East and APAC region. Held on April 23–24, 2025 at the Lexis Hibiscus in Port Dickson near Kuala Lumpur, Malaysia, the two-day event spotlighted real-world applications of Agentic AI, advanced intake orchestration, and strategic transformation across Source-to-Pay (S2P). In his keynote, Zycus Founder & CEO Aatish Dedhia emphasized the seismic shift underway: 'Agentic AI isn't aspirational—it's operational. Procurement is now poised to lead enterprise transformation through intelligent orchestration and deep data integration.' Backed by analyst insights from IDC's Patrick Reymann, Horizon SEA offered a compelling look at why intake is fast emerging as procurement's next value frontier. Leaders from JG Summit, DRB-HICOM, Aboitiz Power, BDO Bank, Telekom Malaysia, Tata Play, Abdul Latif Jameel and many others brought the narrative to life, sharing how Agentic AI is already reshaping intake, risk management, and stakeholder collaboration. These discussions were further enriched by fireside chats with thought leaders from PASIA, CIPS, Microsoft, IBM, TCS, Trustpair, and others—bringing diverse perspectives on the future of Source-to-Pay. Attendees engaged with Merlin Agentic Platform and Merlin Intake Agent through live demos, real-world use cases, and working forums like the AI Council and Key User Advisory Forum. The hands-on energy extended beyond conference rooms to curated experiences—beachside receptions, a drone-lit Gala Awards Night, and even the launch of CPONext: SEA Edition, spotlighting Southeast Asia's rising procurement stars. Thought leadership took center stage with the debut of The Merlin Times, a Hackett-led publication on Agentic AI, and a featured cover story on Zycus in Procurement Magazine. The 'AI Agent Quest' challenged attendees to shape the next wave of intelligent procurement—with the best ideas rewarded on stage. From strategy to community, technology to storytelling—Horizon SEA 2025 delivered a transformative experience with purpose. Thank you to our sponsors, partners, and attendees for making Horizon 2025 an unparalleled success.