Monday, 10 March 2014

SLC with HCL invests in IT transformation programme

The UK-based Student Loans Company (SLC) today said that it has invested in an IT transformation programme with HCL Great Britain Ltd. (HCL) to advance its lending and payments services for its rapidly growing customer base. “HCL will work with Deloitte and Misys on the core systems replacement programme. It will lead the programme as prime systems integration partner with support from Deloitte as an implementation partner and Misys providing the core banking software (Bank Fusion),” the company said in the filling to the Bombay Stock Exchange Commenting on the investment, SLC, Chief Executive Officer, Mick Laverty said, “This major investment forms part of a wider business transformation programme and is part of SLC’s long-term strategy to improve and simplify the student finance system, as well as expand our services in the future. It is a significant milestone towards achieving our vision of becoming a digital, customer-focused centre of excellence.” This significant programme will provide an automated, secure and streamlined customer experience across multiple channels, including digital.

Friday, 21 February 2014

HCL denies any plans to sell $ 10 bn stake

HCL Corp has denied a Wall Street Journal report that said its founder Shiv Nadar was seeking potential buyers for his USD 10 billion stake in the company, reported Reuters. In a statement, HCL said, “HCL Corporation denies any plans to exit HCL Technologies.” Earlie, a WSJ report had said that the billionaire founder of HCL Technologies Ltd. is sounding out potential buyers for his stake in the company, India's fourth-largest software and outsourcing firm. Shiv Nadar controls 62 per cent of HCL, which is listed on the Bombay Stock Exchange, and has yet to hire bankers to advise him on a sale, the report said.

Tuesday, 11 February 2014

HCL Tech launches global twitter recruitment campaign

IT major, HCL Technologies, said that it has launched the first ever global Twitter recruitment campaign called ‘COOLESTINTERVIEWEVER’. Starting February 10, HCL will conduct a series of interviews exclusively over Twitter, offering the winning candidate an opportunity to work on a yearlong strategic project with the company's top management, the company said in a filing to the Bombay Stock Exchange. Commenting on the development, HCL, Technologies, Chief Human Resources Officer, Prithvi Shergill, said, “This social media campaign is an extension of our employee-centric culture, designed to uncover new talent in the IT field while strengthening our position as a progressive organization utilizing new age media to refresh the recruitment process.” The #COOLESTINTERVIEWEVER will run for three consecutive weeks, connecting participants from all over the world with HCL HR executives through Twitter.

Thursday, 16 January 2014

HCL Technologies - Announces Q2 results


HCL Technologies Ltd has announced the following Unaudited results for the quarter ended December 31, 2013:

The Company has posted a net profit of Rs. 12978.70 million for the quarter ended December 31, 2013 as compared to Rs. 7247.20 million for the quarter ended December 31, 2012. Total Income is Rs. 39758.60 million for the quarter ended December 31, 2013 where as the same was at Rs. 28061.40 million for the quarter ended December 31, 2012.

During the quarter ended June 30, 2013, in accordance with the terms of a Scheme of arrangement under Sections 391 to 394 of the Companies Act, 1956, approved by the Honble High Court of Delhi vide its order dated April 12, 2013, the IT enabled services division of HCL Comnet Systems & Services Limited, a subsidiary, has been demerged and transferred to the Company on going concern basis with effect from April 01, 2012, the appointed date.

In view of the above, the results of the operations of the transferred division for the period July 01, 2012 to June 30, 2013 have been included in the statement of financial results and the segment results of Infrastructure services segment for the quarter and previous year ended June 30, 2013. However, the net profit of the transferred division for the period April 01, 2012 to June 30, 2012 of Rs. 13,552 lacs net of tax Rs. 9,354 lacs have been reflected in the Statement of financial results of the Company for the previous year ended June 30, 2013 under the head "Exceptional item" and are not included in segment results.

Accordingly, the results for the three months and half year ended December 31, 2013 are not comparable with the results for the corresponding period of the previous year.

The Consolidated Results are as follows

The Consolidated Results are as follows: (in million $)

The Group has posted a net income attributable to HCL Technologies Limited Shareholders of $ 241.6 million for the quarter ended December 31, 2013 as compared to $ 173.8 million for the quarter ended December 31, 2012. Revenues has increased from $ 1154.3 million for the quarter ended December 31, 2012 to $ 1321.3 million for the quarter ended December 31, 2013.

Tuesday, 14 January 2014

CNBC-TV18 identifies HCL as outstanding company of the year

IT major, HCL Technologies Ltd said that CNBC-TV 18 has recognized it as “Outstanding Company of the year” at India Business Leader Award. HCL Technologies, won the prestigious CNBC-TV 18?s India Business Leader Award for “Outstanding Company of the year – Penultimate award in corporate excellence,” the company said in a filing to the Bombay Stock Exchange. Commenting on the development, HCL Technologies Ltd, CEO, Anant Gupta said, “It is an honor for us to be recognized for corporate excellence by CNBC and its esteemed jury. The award is recognition of HCL’s industry leading profitable growth and superior returns to its shareholders. HCL is one of the few companies in India to have doubled its market capitalization while maintaining best in class customer satisfaction over the last year.” CNBC-TV18's India Business Leader Awards have honored and celebrated outstanding leadership in business and the economy, added the filing. The Awards seek to recognize leaders who have excelled in building profitable, sustainable and socially conscious businesses as well as leaders who have, through contemporary policy-making, contributed to driving growth.

Tuesday, 31 December 2013

HCL to set up 100-acre IT city in Lucknow

HCL plans to set up a 100-acre IT city in Lucknow, a move that will help create job opportunities for about 25,000 people in Uttar Pradesh., said a PTI report. Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL, the group said in a statement. "IT City shall play a crucial role in the overall economic development and boost up industrial growth of the state. Apart from this, it will directly create approximately 25,000 job opportunities for the youth of the state," UP Chief Minister Akhilesh Yadav said. "Four decades ago, we dreamt of positively impacting the world with microprocessors and the journey then began in partnership with UP government...The development of IT City will further the momentum for innovation-led growth and social development in the state," HCL Founder and Chairman Shiv Nadar Foundation Shiv Nadar said.

Wednesday, 13 November 2013

HCL wins ITSMA’s Diamond and Gold Awards for marketing excellence

IT major, HCL Technologies said that the company has received Diamond and a Gold award by the IT Services Marketing Association (ITSMA). “HCL received a Diamond award for its “CIO Straight Talk” initiative, recognizing it as the industry’s best-in-class program for driving business with thought leadership. Additionally, HCL won a Gold award for enabling sales channels through its Game Changer Forum (GCF), honoring its standout performance in improving marketing performance, the company said in a filing to the Bombay Stock Exchange. HCL received both awards during the 20th ITSMA Annual Marketing Conference on the evening of November 5, 2013 held at The Charles Hotel in Cambridge, Mass. This platform enables businesses to connect and collaborate as well as source for new ideas. The “for CIOs, from CIOs” program helps create and deepen customer relationships, while meeting IT professionals’ appetite for peer-to-peer, experience-based insights.