HCLTech – The News Desk

IT services firm HCL Technologies (HCLTech) on Wednesday said it has expanded alliance with Google Cloud to create industry solutions by using the US tech giant's multimodal large language AI model, Gemini. HCLTech will familiarise and train its 25,000 engineers on Gemini for Google Cloud to help mutual clients innovate and optimise their businesses with GenAI (generative AI), according to a release. With this, HCLTech can offer expertise and technical skill sets that customers require for deploying and managing GenAI projects. HCLTech will enable 25,000 engineers on Google Cloud's latest GenAI technology to support clients at various stage of their AI projects, including the development of new use cases and capabilities for HCLTech platforms and product offeri...

HCL Technologies' step-down wholly-owned subsidiary HCL Investments UK will divest its entire 49 per cent holding in a JV it has with US company State Street International Holdings, as per the filing. HCL Technologies' step-down wholly-owned subsidiary HCL Investments UK has entered into a pact with US company and joint venture partner State Street International Holdings to divest its entire 49 per cent holding in their JV, according to a filing. The proceeds received by HCL UK, for divestment of the JV, termination of agreement for related services and settlement of certain contractual commitments, is $172.5 million in addition to net book value on the completion date (less applicable withholding tax), HCLTech said in a BSE filing. The transaction was completed effect...

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HCLTech arm to divest 49% stake in JV with State Street Int’l Holdings | Company News