Latest news with #HCLTechnologies
Business Upturn
3 days ago
- Business
- Business Upturn
Nifty 50 top losers today, May 30: Bajaj Auto, Hindalco Industries, HCL Technologies, Shriram Finance and more
By Aman Shukla Published on May 30, 2025, 15:40 IST The Indian stock market ended in the red on Friday, May 30, 2025, as benchmark indices faced a broad-based decline. The BSE Sensex dropped 182.01 points, or 0.22%, to close at 81,451.01, while the Nifty 50 slipped 82.90 points, or 0.33%, to settle at 24,750.70. Several heavyweights from the Nifty 50 ended in negative territory. Among the biggest losers of the day were well-known names like Bajaj Auto, Hindalco Industries and HCL Technologies. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on May 30 Bajaj Auto closed at ₹8,607, down 3.0%. Hindalco Industries ended at ₹633.5, falling 2.5%. HCL Technologies settled at ₹1,631.5, a drop of 2.0%. Shriram Finance closed at ₹639.9, declining 1.9%. Tech Mahindra ended at ₹1,570.6, down 1.8%. NTPC settled at ₹333.9, falling 1.6%. Nestle India closed at ₹2,396.2, down 1.6%. Asian Paints ended at ₹2,259.1, a decline of 1.5%. Oil and Natural Gas Corporation settled at ₹239.4, down 1.5%. Sun Pharmaceutical Industries closed at ₹1,674.9, falling 1.5%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India Today
5 days ago
- Business
- India Today
5 Indian-origin, one Indian national on Fortune's 2025 Most Powerful Women list
Indian-Americans Reshma Kewalramani, Bela Bajaria, Revathi Advaithi, and Meena Lakdawala Flynn, along with India-based Roshni Nadar Malhotra and UK-based Leena Nair, are among the leading women in the global business Kewalramani, CEO of Vertex Pharmaceuticals, ranked 18th for her groundbreaking work in biopharma. Roshni Nadar Malhotra, ranked 21st, leads HCL Technologies and champions education and conservation in chief content officer, Bela Bajaria, at 31st, oversees a massive content empire. Revathi Advaithi, ranked 62nd, drives innovation at manufacturing giant Flex. Meena Flynn, at 69th, steers Private Wealth Management at Goldman Sachs, focusing on client growth and advancing women in Here's a closer look at their KEWALRAMANI, RANK: 18Reshma Kewalramani, the Indian-origin CEO of US-based Vertex Pharmaceuticals, ranked 18th on the a licenced doctor, became Vertex Pharmaceuticals' CEO in 2020. She was previously the biopharma company's chief medical biopharma company, valued at over $110 billion, is a major player in discovering, developing and producing innovative medicines. The company is best known for developing multiple novel drug combinations to treat cystic fibrosis, which affects 1,00,000 people globally, according to Mumbai-born CEO moved to the US in 1988. She pursued a career in medicine, earning her degree from Boston University, followed by a fellowship at Massachusetts General also clinched a spot in TIME magazine's 100 Most Influential People of 2025, notably the only person of Indian NADAR MALHOTRA, RANKS: 21advertisementRanked 21st on the list, Roshni Nadar Malhotra, chairperson of HCL Technologies, has become India's richest woman — and the country's third-richest individual overall — following a transfer of shares from her father, Shiv a career in TV news, Malhotra returned to the family business in 2008. She rose to chair in 2020, looking after the company's broader strategic initiatives. In addition to her position as HCL Tech's chairperson, Malhotra is also involved in philanthropic efforts, including providing education for gifted students in rural India, and work in nature conservation, Fortune hopes to see more women in India's fast-growing tech sector. "We want more women to build long-term careers in tech," she told Fortune India earlier this 2024, she made it to Forbes's 100 Most Powerful Women list. She was ranked 81 last BELA BAJARIA, RANK: 31Indian-American Bela Bajaria, who secured 31st spot in the list, is Netflix's chief content officer. She oversees an annual content budget of over $17 billion for the OTT joined Netflix from Universal Television in 2016 as head of unscripted and scripted content, before becoming the chief content officer in has helped turn Netflix into an international entertainment giant while pushing the near-$500 billion company into live events and sports, inking deals with WWE and the NFL, Fortune in London to Indian immigrant parents, she won Miss India Worldwide in 1991. During her tenure, Netflix has frequently earned more Emmy and Oscar nominations than any other MEENA FLYNN Ranks 69Leena Nair, ranked 45, became the global CEO the French luxury fashion house Chanel in 2021 — the first woman of colour to hold the is also among the few women of colour leading a global luxury brand. Under her leadership, the 115-year-old family-controlled brand has bucked the luxury slowdown affecting its rivals by delivering a 16% increase in revenues in 2023, worth $20 in her tenure, Nair increased the funding of Chanel's charity, Foundation Chanel, to $100 million to support women's and girls' safety and economic comes from Maharashtra's Kolhapur, and climbed to the top position from modest REVATHI ADVAITHI RANKED 62 IN THE LISTRanked 62, Revathi Advaithi has led manufacturing giant Flex for past six years, with a strong focus on investing in data centre her leadership, the company's data centre business had year-over-year growth of 45% in Q4 of Calendar Year oversees more than 1,40,000 employees in 30 countries. She also sits on the boards of Uber, and the MIT Presidential CEO Advisory holds a bachelor's degree in mechanical engineering from the Birla Institute of Technology and Science (BITS), Pilani. She later earned an MBA in international business from the Thunderbird School of Global Management in the MEENA FLYNN, RANKED 69Ranked 69, Meena Flynn, co-head of global Private Wealth Management, has led that charge at Goldman Sachs, with impressive results. Goldman Sachs Wealth Management, including Private Wealth Management, oversees more than $1 trillion in assets globally, and generated over $5 billion in management and other fees last year, up 11% from 2023 and a record for the co-head of the One Goldman Sachs initiative, Flynn is also tasked with forging deeper relationships with around 100 of the firm's wealthiest clients, who collectively account for almost 20% of Goldman's revenue. A newcomer on this year's list, Flynn has championed women in her role, and the majority of the firm's global PWM partners are women, according to resides in New York City with my two children and husband, as per Forbes. She holds a bachelor's degree in economics from The George Washington University. advertisement
Business Standard
6 days ago
- Business
- Business Standard
HCL Technologies recognized as a SAP AppHaus Alliances Partner
HCL Technologies (HCLTech) has been recognized as a SAP AppHaus Alliances Partner. This recognition enables HCLTech to co-innovate, drive business transformation and accelerate AI-powered business outcomes. HCLTech plans to introduce various Joule Agents from SAP to help enterprises automate processes, improve efficiency and make smarter decisions. HCLTech is also a member of the Next Level program' for SAP BTP and SAP Business AI, which reinforces its capability in implementing SAP-driven digital transformation projects. HCLTech's AI and Cloud Native Lab for SAP Business AI in Munich plays a pivotal role in this partnership. It enables enterprises to leverage SAP's AI capabilities for faster adoption of cloud-native, AI-powered solutions. This lab provides access to the Business AI toolkit and human-centered methodologies in SAP AppHaus and structured design-thinking workshops, facilitating long-term scalability and digital evolution.
Coin Geek
22-05-2025
- Business
- Coin Geek
India approves HCL, Foxconn JV for 6th semiconductor unit
Getting your Trinity Audio player ready... India has approved the establishment of a new semiconductor facility—a joint venture between Indian tech major HCL Technologies and Taiwanese tech giant Foxconn—at a cost of about $434.72 million (Rs 3,700 crore). The plant will be located in the northern Indian state of Uttar Pradesh. Foxconn, a major electronics manufacturer and a primary supplier to Apple (NASDAQ: AAPL), brings extensive experience in the semiconductor sector. Its collaboration with HCL, which brings decades of experience in hardware development and manufacturing, reflects increasing international trust in India's semiconductor strategy and highlights the country's emerging role in the global display technology supply chain. The Union Cabinet, led by Prime Minister Narendra Modi, approved establishing another semiconductor facility under the India Semiconductor Mission (ISM). This marks the sixth such unit, with five others already in advanced stages of construction. The government said in a statement that this latest approval represents another step forward in India's push to build a robust and strategically important semiconductor industry. 'The Union Cabinet has approved India's 6th semiconductor unit in Jewar, Uttar Pradesh. Under India Semiconductor Mission, five semiconductor units have been approved so far and rapid construction is going on there. Production at one unit will begin this year. In this connection, there is one more super-advanced unit. This is a joint venture of HCL and Foxconn,' said Ashwini Vaishnaw, Minister for Electronics and Information Technology. The newly approved unit will be located near Jewar airport within the Yamuna Expressway Industrial Development Authority (YEIDA) area. According to the official statement, the facility will produce display driver chips for a wide range of devices, including mobile phones, laptops, automobiles, and PCs. The plant is designed for 20,000 wafers per month. The design output capacity is 36 million units per month. The India Semiconductor Mission is dedicated to developing a robust semiconductor and display ecosystem to transform India into a global hub for electronics design and manufacturing. As the central coordinating body, ISM oversees the effective and streamlined implementation of various government schemes related to semiconductors and displays, ensuring a cohesive and strategic approach to building this critical industry. India's semiconductor industry is rapidly taking shape, with significant progress being made nationwide. World-class design and innovation hubs have emerged in several states, as part of a broader national push to establish a robust semiconductor ecosystem. Provincial governments are actively courting design firms, offering support and incentives to attract cutting-edge research and development activities. A vibrant ecosystem of innovation is also flourishing at the grassroots level. More than 270 academic institutions and 70 startups across India are engaged in advanced semiconductor design, working on the latest technologies to create next-generation products. These efforts reflect a growing synergy between academia, industry, and government aimed at positioning India as a global leader in semiconductor innovation. Notably, students from these academic institutions have already achieved significant milestones. The Semiconductor Laboratory (SCL) in Mohali has successfully facilitated the tape-out of 20 semiconductor products developed by student teams. This achievement highlights the technical capabilities emerging within India and underscores the country's growing potential to drive innovation in this strategically critical sector. As India advances on its semiconductor journey, the broader ecosystem is also rapidly taking shape, with key global players establishing and expanding their presence in the country. According to the statement, leading semiconductor equipment manufacturers such as Applied Materials and Lam Research—two of the most prominent names in the industry—have already set up operations in India, signaling growing international confidence in the country's potential as a semiconductor hub. In addition to equipment manufacturers, major suppliers of specialty gases and chemicals critical to chip fabrication are also ramping up their activities in India. The statement said that companies like Merck, Linde, Air Liquide, and Inox are preparing to meet the rising demand expected from the country's expanding semiconductor sector. Their growing footprint ensures that India is not only focused on chip design and manufacturing but is also building the full supply chain infrastructure needed to support a world-class semiconductor industry. This momentum is being driven by surging domestic demand, fueled by the rapid expansion of electronics manufacturing in India. From laptops and mobile phones to servers, medical devices, power electronics, defense systems, and consumer electronics, the need for semiconductors is growing at an unprecedented pace. Establishing new semiconductor units, such as the HCL-Foxconn joint venture, represents a critical step toward meeting this demand. These developments align closely with Prime Minister Modi's vision of Atmanirbhar Bharat (Self-Reliant India), aiming to reduce dependence on imports and establish India as a global leader in high-tech manufacturing. The emergence of a strong semiconductor ecosystem is central to that vision, promising to boost innovation, create high-value jobs, and strengthen the country's strategic and economic resilience. Watch: India is going to be the frontrunner in digitalization title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Business Standard
19-05-2025
- Business
- Business Standard
HCL Technologies appoints Kiran Cherukuri as Global GCC Practice Leader
HCL Technologies (HCL Tech) announced the appointment of Kiran Cherukuri as Global GCC Practice Leader. In his new role, Kiran will be responsible for scaling HCLTech's Global Capability Center (GCC) practice by bringing focused offerings that leverage HCLTech's services and technology portfolio as well as corporate functions capabilities. To date, HCLTech has been a partner to over 200 GCCs in India.
