Khelo India Rising Talent Identification (KIRTI) Program to get Fresh Boost from Union Minister Dr. Mansukh Mandaviya

by Latest Updates

As the Paris Olympics draws near, the Government’s ambitious Khelo India Rising Talent Identification (KIRTI) program is set to get a fresh boost under the leadership of the Union Minister for Youth Affairs & Sports and Labour & Employment, Dr. Mansukh Mandaviya. He will inaugurate the Phase 2 of the initiative in New Delhi tomorrow. Earlier, the first phase of KIRTI was launched in Chandigarh on March 12 this year.

Dr Mandaviya will lay emphasis on the project that aims to achieve 20 Lakh assessment in the FY 2024-25 by onboarding all states and treating the district as a unit of assessment. This is also in line with Hon’ble Prime Minister Shri Narendra Modi’s vision to take sports to every child in the country through mass participation and ultimately achieve excellence through Khelo India’s structured pyramidal programmes.

 

In the first phase of KIRTI, out of 3,62,683 registrations across 70 centres, close to 51,000 assessments in 28 states and Union Territories have been made. Maharashtra and Haryana, two states which have always done well in Khelo India meets, have had the maximum number of assessments – 9168 and 4820 — respectively. Assam is third with 4703 assessments.

Evaluation of aspiring athletes has happened in 11 disciplines – Archery, Athletics, Badminton, Boxing, Football, Hockey, Kabaddi, Kho-Kho, Volleyball, Weightlifting and Wrestling. Maximum assessments have happened in athletics (13804) and football (13483). 

KIRTI aims to conduct 20 lakh assessments across the country throughout the year to identify talent through notified Talent Assessment Centres. A scouting and assessment programme of this scale is a first in India and comes at a time when the nation wants to become a top 10 sports nation in the world by 2036 and among the top five by 2047.

KIRTI’s athlete-centric programme is conspicuous by its transparent selection methodology based on Information Technology. Data analytics based on Artificial Intelligence are being used to predict the sporting acumen of an aspiring athlete.

About KIRTI Program:

KIRTI (Khelo India Rising Talent Identification) has been envisioned to develop an integrated talent identification architecture based on modern ICT tools and global best practices. It aims to streamline the whole process of grassroots talent identification on a single platform.

The roots of the project KIRTI are based on an athlete-centric approach wherein at every step the process of Talent Identification has been made more broad-based and accessible.

Project KIRTI with its decentralized and pocket-based talent identification approach will help in achieving the twin objectives of the Khelo India Scheme i.e. excellence in sports, and mass participation in sports.

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GDP growth forecast at 7.0 per cent; CPI inflation projected at 4.5 per cent for 2024-25: FICCI Economic Outlook Survey

by EconomyLatest Updates

The latest round of FICCI’s Economic Outlook Survey puts forth an annual median GDP growth forecast for the year 2024-25 at 7.0 per cent.The median growth forecast for agriculture and allied activities has been put at 3.7 per cent for 2024-25. This marks an improvement vis-à-vis growth of about 1.4 per cent reported in the year 2023-24. Ebbing El Nino effect with expectation of a normal southwest monsoon are likely to bode well for agricultural production. Industry and services sector, on the other hand, are anticipated to grow by 6.7 per cent and 7.4 per cent respectively in the current fiscal year.

The present round of FICCI’s Economic Outlook Survey was conducted in the month of July 2024 and drew responses from leading economists representing industry, banking and financial services sector. The economists were requested to share their forecast for key macro-economic variables for the year 2024-25 and for Q1 (April-June) and Q2 (July-September) FY25.

According to the survey results, median GDP growth is estimated at 6.8 per cent and 7.2 per cent in Q1 2024-25 and Q2 2024-25 respectively. 

Further, the median forecast for CPI based inflation has been put at 4.5 per cent for 2023-24, with a minimum and maximum range of 4.4 per cent and 5.0 per cent respectively. While food prices remain sticky with inflation inching up in cereals, fruits and milk, the survey participants expect easing of prices in second quarter with kharif output reaching the market. 

On RBI’s policy action, economists were of the view that a cut in the repo rate is expected only in the latter half of the current fiscal year as RBI is expected to continue with its cautious approach keeping a close watch on the inflation trajectory. Policy repo rate is forecasted to moderate to 6.0 per cent by the end of the fiscal year 2024-25 (March 2025).

Given the Union Budget 2024-25 will be announced next week, the participating economists were asked to share their expectations from the first major public policy announcement of the new government. The economists anticipated continuity in policy and further momentum in reforms already being undertaken by the government.

On the subject of fiscal management and expenditure, the participating economists mentioned that the government has done a deft job on the fiscal side. It is expected that such prudence will continue as it is important to ensure macro-economic stability. According to economists, government has an opportunity to leverage additional resources from robust tax collections and Reserve Bank of India’s dividend transfer. This fiscal headroom could be used to increase the spend on social sector schemes especially to support the rural economy. On capital expenditure, it was pointed out that the target could be increased but not much deviation was expected from Rs 11.1 trillion figure that was indicated in the interim budget for FY2025.

The survey participants indicated that the focus of the forthcoming budget could be on the following key priorities.

  • Taxation reforms: The surveyed economists expected some reforms on the taxation side aimed at stimulating economic growth. Potential revisions in tax rates to boost disposable income and stimulate consumption, particularly for lower income brackets, is anticipated. Further, it was suggested that enhancing limits under Section 80C and similar provisions could encourage long-term savings and investment. Simplification of capital gains tax regime and a framework guiding towards streamlining of GST slabs are also expected.
  • Employment generation and skill development: The participating economists indicated that the forthcoming budget is expected to introduce comprehensive measures to boost employment and enhance workforce capabilities. Announcement of an Employment-Linked Incentive Scheme, introduction of an urban counterpart of MGNREGA, increased investments in labour skilling programs and soft infrastructure, and implementation of targeted policies and support systems to increase female labour force participation were some of suggestions highlighted by the surveyed economists.
  • Innovation: The Interim Budget announced earlier this year displayed a clear intention towards encouraging innovation and this is expected to continue. The participants expected further details and modalities on the R&D and innovation fund announced in Interim Budget for its effective utilization.
  • Sustainable Development: The budget is expected to maintain focus on sustainable development. Incentives for electric vehicles (EVs) and green hydrogen production and energy transition support were the key asks from the participants.
  • Agriculture: The agricultural sector is expected to receive much greater attention in the upcoming budget. The economists proposed creation of reform-linked incentives for states to implement agricultural reforms and improve efficiency; increased support for developing weather-resistant crops and implementing adaptive measures against climate effects; measures to improve storage infrastructure; and establishment of a price forecasting mechanism for non-MSP crops to strengthen the agri-supply chain are the other suggestions / expectations shared by the participants.
  • Manufacturing: The budget is also expected to keep the focus on creating a more conducive environment for industrial growth. Review of PLI Scheme to include more labour-intensive sectors and component manufacturing; creation of large SEZ-like clusters with liberal land and labour laws in the domestic tariff area; expediting labour law reforms to increase flexibility and competitiveness – were some of the key expectations.
  • Housing: Introduction of interest subvention for middle-class housing schemes, potentially administered through agencies like the Housing and Urban Development Corporation Ltd (HUDCO) was a suggestion that came from some of the survey participants.
  • MSMEs: Continuation of support for Micro, Small, and Medium Enterprises remains critical. The MSMEs need to grow in scale and size.  Leveraging Account Aggregator framework for MSME lending and extended NPA Classification Period (increase from 90 to 180 days to provide financial breathing room) were two key suggestions made for the sector by the surveyed economists.
  • Education and healthcare: Increased government spending on health and education sectors to build robust social infrastructure and support long-term economic growth were also listed as a priority by the economists.

Forests continue to capture carbon despite challenges

by Latest Updates

The world’s forests have absorbed more than 100 billion tonnes of carbon dioxide over the past three decades, but they need more protection, according to a new study.

Professors Oliver Phillips and Simon Lewis from the School of Geography contributed to the tropical component of the global study, which assessed how the most carbon-rich, species-rich forests have responded to climate change and other threats since 1990.

The study, entitled “The enduring world forest carbon sink,” is published in Nature.

It combined long-term ground measurements with remote sensing data to measure the volume of carbon dioxide absorbed by forests across the world.

The results showed that forests have absorbed more than 100 billion tonnes of carbon dioxide over the past 30 years, nearly half of the carbon dioxide emissions from burning fossil fuels over the same period.

Forests remain an essential part of climate change mitigation. However, they are facing threats from deforestation and wildfires. This study makes recommendations for their protection and restoration.

Tata Power Renewable Energy Limited and NHPC Renewable Energy Limited Ink MoU for Ambitious Solar Initiative for Government Buildings

by EnergyLatest Updates

Tata Power Renewable Energy Limited (TPREL), a key player in India’s renewable energy landscape and a subsidiary of The Tata Power Company Limited, is pleased to announce the signing of a Memorandum of Understanding (MoU) with NHPC Renewable Energy Limited (NHPC-REL) to spearhead the installation of Rooftop Solar Projects (RTS Projects) across government buildings of Central Ministries, States, and Union Territories. This initiative, under the ambitious PM Surya Ghar Yojna Scheme, aims for 100% solarization of government-owned buildings by December 2025.

This powerful alliance is set to support the transformation of India’s energy landscape by harnessing the untapped potential of rooftop spaces on government buildings, fostering a cleaner and greener future. The Memorandum of Understanding (MOU) was signed on July 17, 2024, at the NHPC Office Complex in Faridabad. Key signatories included Sh. Deepesh Nanda, CEO & MD of TPREL, and Sh. S.P. Rathour, CEO of NHPC-REL. The signing was witnessed by notable officials including Sh. R.P. Goyal, CMD, Sh. R.K. Chaudhary, Director (Technical) and i/c of Director (Projects), Sh. Uttam Lal, Director (Personnel), Sh. V.R. Shrivastava, ED (REGH) from NHPC, alongside Shri Bhavesh Bhayani and Shri Vikrant Dhankar from TPREL.

The Ministry of New and Renewable Energy (MNRE) has appointed NHPC Limited as a Scheme Implementing Partner (SIP) to drive the RTS Projects, which will be carried out by its wholly-owned subsidiary, NHPC-REL. TPREL, a distinguished leader in the solar energy sector, brings extensive expertise to ensure the seamless and timely execution of these projects.

Mr. Deepesh Nanda, CEO & MD of Tata Power Renewable Energy Limited commented, “We are excited to join hands with NHPC-REL in this significant venture to solarize government buildings across India. This collaboration represents a major step forward in our shared vision of a sustainable and green energy future. By leveraging our combined strengths, we are confident in achieving our goal of 100% solarisation by 2025, setting a benchmark for renewable energy projects in the country.”

Mr. R. P. Goyal, CMD NHPC added, “Partnering with Tata Power Renewables aligns perfectly with our mission to expand the use of renewable energy in India. This initiative will not only help us meet our solarisation targets but also contribute significantly to reducing the carbon footprint of government buildings. We look forward to a successful collaboration that paves the way for more sustainable energy solutions.”

This partnership embodies a mutual commitment to sustainability and innovation in the renewable energy domain. By combining forces, TPREL and NHPC-REL are poised to make significant strides toward India’s renewable energy objectives, setting new standards for future endeavours in the industry.

About Tata Power:
Tata Power is a leading integrated power company and a part of Tata Group, India’s largest multi-national business conglomerate. The company has a diversified portfolio of 14,453 MW, spanning across the entire power value chain – from renewable and conventional energy generation to transmission & distribution, trading, storage solutions and solar cells and module manufacturing. As a pioneer of clean energy transition in India, Tata Power has 5,593 MW of clean energy generation, which constitutes 39% of its total capacity. The company has also committed to achieve carbon neutrality before 2045.Tata Power has established India’s most comprehensive clean energy platform, with offerings such as rooftop solar, microgrids, storage solutions, EV charging infrastructure, home automation et al. The company has also attracted global investors to support its growth and vision. Tata Power has successfully partnered with public and private entities in generation, transmission & distribution sectors in India, serving approx.13 million customers across the country.

LTIMindtree delivers 2.6% QoQ USD revenue growth in CC

by Latest Updates

LTIMindtree , a global technology consulting and digital solutions company, announced its consolidated results for the first quarter ended June 30, 2024, as approved by its Board of Directors.

“While the environment remains unchanged, fiscal 25 started on a positive note for us with Q1FY25 revenue of USD 1.1 billion, registering a 2.5% QoQ and 3.5% YoY revenue growth in USD terms. Our Q1FY25 EBIT expanded to 15% and order inflow remained stable at USD 1.4 billion. Our top 3 industry verticals and our largest geography have performed well sequentially. This is attributed to a measured uptick in IT spending for critical initiatives with clients balancing innovation and fiscal prudence.” said Debashis Chatterjee, Chief Executive Officer and Managing Director.

 

About LTIMindtree

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize 

growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. 

Powered by 81,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. 

Wishes pour in for Sh. Ashwini Vaishnaw on his 57th birthday

by Mirabilia IconsToday's Fables

Heartiest Birthday Greetings to Union Minister for Railways, Communications and Electronics & Information Technology Shri Ashwini Vaishnaw. Wish you a Long and Healthy life.

Your exemplary service and dedication inspire us all.

Ashwini Vaishnaw (born 18 July 1970) is an Indian politician, former IAS officer and a businessman.

Vaishnaw is originally a resident of Jeewand Kallan village of Pali district, Rajasthan. Later, his family settled in Jodhpur, Rajasthan.

In 1994, Vaishnaw joined the Indian Administrative Service in the Odisha cadre. He worked extensively in different parts of Odisha including serving as the District Collector of Balasore and Cuttack districts.

He took an educational loan to complete his MBA at the Wharton Business School. He realized that it would barely take him months to payback the educational loan and eventually left civil service in 2010 to join private sector and open an Industry. He gained an MBA degree to get insights on how to run a successful business.

After his MBA, Vaishnaw came back to India and joined GE Transportation as Managing Director.

Subsequently, he joined Siemens as the Vice President – Locomotives & Head Urban Infrastructure Strategy.

In 2012, he set up Three Tee Auto Logistics Private Limited and Vee Gee Auto Components Private Limited, both automotive components manufacturing units in Gujarat.

In June 2024, in the 22nd cabinet reshuffle, he was given the responsibility of Ministry of Railways, Ministry of Electronics and Information Technology and Ministry of Communications.

Tata Motors ‘Automotive Skill Labs’ initiative nurtures over 4000 students annually with future-ready automotive skills

by Latest UpdatesMirabilia Icons

Reaffirming its commitment to nurturing talent and creating a skilled workforce for the automotive industry, Tata Motors’ in collaboration with Navodaya Vidyalaya Samiti (NVS) has established dedicated ‘Automotive Skill Labs’ at Jawahar Navodaya Vidyalayas (JNVs). To date, 25 labs, fully equipped with essential tools, have been set up across select JNVs in Maharashtra, Karnataka, Gujarat, Jharkhand, West Bengal, Uttar Pradesh, and Uttarakhand. This unique industry-academic joint initiative equips approximately 4000 students annually with practical automotive skills, with 30% of students enrolled being girls.

Aligned with the vocational courses envisioned in the ‘National Education Policy 2020’, Tata Motors’ ‘Automotive Skill Labs’ focuses on providing secondary and senior secondary students. Additionally, students can visit Tata Motors’ plants, interact with service and dealership professionals, and attend lectures by industry experts to gain real-world experience and deepen their knowledge. Furthermore, instructors teaching at these labs are provided with the necessary training at the company’s plant locations. A testament to this immersive learning experience is an E-Rickshaw constructed by the students at the Skill Lab in Pune.

Upon successful completion of the programme, students receive joint certificates from Tata Motors and NVS. Post-schooling, the students can opt for a Diploma in Manufacturing Technology, including a full stipend and on-the-job training at Tata Motors’ manufacturing facilities. Alternatively, those interested in continuing with Tata Motors can pursue a BTech in engineering—a 3.5-year executive education programme in collaboration with select engineering institutes—leading to permanent employment after five years.

Emphasizing the commitment to enriching the lives of youth and bridging the skills gap in the automotive industry, Vinod Kulkarni, CSR Head, Tata Motors, said, “Our Automotive Skill Labs empowers youngsters from the underserved communities with employable skills, relevant for the evolving automotive sector in India. It creates pathways for students in grades 9th – 12th to pursue higher education and secure employment opportunities. Contributing to the ‘Skill India Mission’, this programme instills innovative thinking, entrepreneurial spirit, analytical mindset and critical communication skills amongst the students. 

In 2023, over 1,600 students from this programme participated in the National Automobile Olympiad organised by the Automotive Skill Development Council (ASDC), out of which 17 succeeded in reaching the second stage of the competition.

Henkel further invests in its largest Indian manufacturing facility

by Latest Updates

Henkel Adhesives Technologies India Private Limited (Henkel India) announced the completion of Phase III of its manufacturing facility in Kurkumbh, near Pune, Maharashtra. The Kurkumbh site, which was launched in 2020, serves the growing demand of Indian industries for high-performance solutions in adhesives, sealants, and surface treatment products. The new Loctite plant, named after Henkel’s renowned brand Loctite, was inaugurated by Mark Dorn, Executive Vice President, Henkel Adhesive Technologies, along with other Senior Management members of the company.

Henkel Adhesive Technologies entered the Indian market in 1996 and is a significant growth driver for this business today. Henkel has been expanding its presence in the country through consistent strategic investments to meet the rapid growth. Today, the company has a strong footprint in India and operates five manufacturing sites, two innovation centers, a customer experience center, a packaging academy, and an application center for the footwear industry.

The new Loctite plant in the Kurkumbh manufacturing site reflects Henkel’s vision to drive growth in the Indian market. The plant will serve Indian businesses, further localize the product portfolio, and thus, reduce dependence on imports. It will also help address the supply-demand gap of high-performance adhesive solutions for the manufacturing, maintenance, repair and overhaul (MRO), and automotive components sectors. Henkel Adhesive Technologies is well-positioned to meet the demand arising in these fast-growing market sectors.

Speaking on the launch, Mark Dorn, Executive Vice President at Henkel Adhesive Technologies, said, “India has emerged as a focus market for Henkel globally. The new Loctite plant highlights our vision to emerge in the country as a self-reliant global market player with a strong local presence. With continued investments, efficient supply chains, and customer-focused solutions, Henkel is committed to driving growth in India and building ecosystems of innovative and sustainable solutions with our partners and customers.”

The Kurkumbh site also showcases Henkel’s dedication to the local community as a responsible corporate citizen. It meets the highest standards of sustainability and is LEED Gold certified, a rare feature among chemical plants. In addition, Henkel aims to achieve carbon-neutrality in Kurkumbh for Scope 1 and 2 emissions by 2030. To support this ambition, the site has signed a green electrical energy Power Purchase Agreement and installed on-site solar panels.

S. Sunil Kumar, Country President of Henkel India, commented, “The expansion of our manufacturing footprint reinforces Henkel’s sustained commitment to making India a manufacturing hub for advanced and high-performance adhesive, sealant, and functional coating solutions. A key highlight of the new Loctite plant is the Automated Storage and Retrieval System (ASRS), which enables fast execution of material storage and retrieval. The plant will leverage Industry 4.0, optimize production efficiency, and further drive profitable, organic growth for Henkel India, while continuing to contribute to the ‘Make in India’ initiative of the Indian government.”

Union Health Minister Shri J P Nadda reviews Regulation of Drugs, Cosmetics and Medical Devices

by Health and CommunityLatest Updates

“For India to become the global leader in drugs regulation to match our global reputation of ‘Pharmacy of the World’, we need to have world class regulatory framework matching our scale of operations and international expectations”. This was stated by Union Health Minister Shri J P Nadda, as he reviewed the regulation of drugs, cosmetics and medical devices, here today. Union Health Secretary Shri Apurva Chandra, Drugs Controller General of India (DCGI) Dr Rajeev Singh Raghuvanshi and senior officers of Central Drugs Standard Control Organization (CDSCO) and Union Health Ministry were present at the high level review meeting.

Highlighting the global position of India as the leading producer and exporter of drugs, Shri J P Nadda stressed on CDSCO to draw a roadmap with timelines of achieving global standards in its mandated activities. He stated that the upscaling needs to be systems-based focusing on highest standards of uniformity, technical upgradation and futuristic approach. For export of drugs and pharmaceuticals, the system should be designed for proper intervention to maintain the quality of drugs being exported, he emphasized.

Shri Nadda underscored the importance of transparency in the working of CDSCO. He stated that “In order to achieve global standards, our focus needs to be on transparency of procedures at CDCSO and within the drugs and medical devices industry”. Both the Drugs Regulatory body and the industry should work on highest principles of transparency to ensure that the products manufactured and sold by India meet the highest indices of global quality standards, he said.

The Union Health Minister stated that it is important for CDSCO to be in continuous dialogue with the drugs and medical devices industry to understand their issues and support them to fulfill the quality expectations and standards of CDSCO. “Our focus should be on developing mechanisms that ensure easy of doing business for the drugs industry within the regulatory requirements. For this, CDSCO needs to be a user-friendly organization with state-of-the-art facilities matching global standards”, he stated. 

On the topic of Micro, Small & Medium Enterprises (MSME) sector in drugs manufacturing and the issues faced by the small scale industries to meet quality standards, the Union Health Minister “Let us understand the issues faced by MSME sector and support them to strengthen their capacity and quality of products on the one hand, and encourage them to meet the regulatory requirements on the other.”

Shri Nadda was briefed about the mandated activities of CDSCO, its achievements, future plans and various issues and challenges faced by CDSCO. The Minister was also updated on the progress of the Scheme for strengthening state drug regulatory system with a budget of Rs.850 crores which was launched in 2016 during his earlier tenure.

The Union Minister was briefed on the roles and responsibilities of the central and state drugs regulatory bodies, and some of the challenges faced in alignment between them. Noting that the States are integral part of our regulatory value chain, Shri Nadda underscored the importance of working in tandem with the States so as to enhance their skills and capacities, and also encourage them to align with quality standards of the Central Government. “This is especially important in view of upgradation of Good Manufacturing Practices to global level embarked upon by CDSCO”, he added.

 

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HCLTech delivers another solid quarter with revenue growth of 5.6% YoY (CC)

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HCLTech, a leading global technology company, today announced its financial results for the quarter ended June 30, 2024. 

HCLTech won new deals worth $1.96 billion across industries and geographies during the quarter. Revenue in constant currency (CC) grew 5.6% YoY, while dollar revenue came in at $3.36 billion, up 5.1% YoY.  

Services revenue was up 5.8% YoY (CC) while Digital revenue was up 6% YoY (CC). Engineering and R&D Services business (ERS) grew by 8.4% YoY (CC). HCLSoftware continued its strong growth momentum with revenue for the quarter growing at 3.5% YoY (CC).  

Net Income for the quarter was ₹4,257 crores, up 20.4% YoY. The company retained revenue growth guidance of 3-5% (CC) and EBIT margin guidance of 18-19% for FY25.

“We are pleased to report another quarter of industry-leading performance with 5.6% YoY revenue growth on constant currency basis. Our Q1 revenue and EBIT performance was slightly better than our expectations. We clocked in $2B TCV of new business bookings. We are confident of decent growth in the coming quarters, positioning us well to deliver our revenue guidance for the year as clients continue to spend on GenAI and other emerging technologies,” said C Vijayakumar, CEO & Managing Director, HCLTech.

Americas was the fastest-growing geography with revenue growth of 8% YoY (CC), followed by Europe at 3% YoY (CC). Industry vertical growth was led by Telecommunications, Media, Publishing and Entertainment (69.2% YoY in CC), followed by Retail and CPG (9.7% YoY in CC). 

“HCLTech delivered an INR revenue growth of 6.7% YoY, healthy given the global environment. EBIT margins came in at 17.1%, steady on YoY basis. We delivered PAT of ₹4,257 crores for the quarter, which translates to YoY growth of 20.4%. Our cashflow generation remains robust with LTM FCF at ₹21,637 crores, 133% of PAT and 88% of EBITDA,” said Prateek Aggarwal, Chief Financial Officer, HCLTech.

Attrition (last twelve months) at 12.8% was among the lowest in the industry. The company hired 1,078 freshers during Q1 FY25.

HCLTech continues to leverage technologies from GenAI to cloud computing to help clients future-proof their businesses.

Among the select GenAI deals that HCLTech won in the quarter are:

  • A Europe-based financial services major has partnered with HCLTech to develop and manage its next-gen low latency electronic trading platform and compliance analytics platform by leveraging GenAI. 
  • A global technology major has selected HCLTech to deploy GenAI to transform its content life cycle management and processes. HCLTech will help the client to automate its content processing with intelligent features such as persona filters. 
  • A US-based hi-tech major has engaged HCLTech to create and maintain a GenAI-as-a-service (GaaS) platform. 

Other Achievements:

  • HCLTech was the most decorated India-headquartered IT services company in the Institutional Investor Research Annual Asia Executive Team survey with #1 ranks in 21 categories in the Technology IT Services & Software sector.      
  • Won SAP Pinnacle Award in the Social Impact category for the HCLTech AquaSphere solution that helps enterprises achieve their water conservation goals.
  • Secured the #3 spot in Brand Finance’s Sustainability Perception Index in India.
  • Ranked # 7 in BW Businessworld India’s Most Respected Companies 2024 list. 

About HCLTech

HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4 billion.