Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

HCL Technologies to Launch Global Delivery Center in Hartford, Connecticut with Anchor Client, Stanley Black & Decker

Posted On: 2020-02-19 13:40:12

HCL Technologies (HCL), a leading global technology company, today announced that it will open a Global Delivery Center (GDC) in Hartford, Connecticut to offer digital transformation services to clients in the smart manufacturing, insurance, aerospace, and defense industries. With the GDC, HCL will invest in the area and create local jobs with the help of a strong ecosystem regionally and at the state level.

The first anchor client for the GDC will be Stanley Black & Decker (NYSE: SWK), a diversified global industrial that operates the world's largest tool company, which signed a significant global agreement with HCL. The company will bring advanced digital capabilities and help transform Stanley Black & Decker's global application and infrastructure environments to enhance the company's agility and ability to respond to emerging business needs. As part of the deal, HCL will ramp up to deploy 1,000 people globally for Stanley Black & Decker.

"We are excited to begin this partnership with Stanley Black & Decker, and this delivery center will be a true testament to our collective vision for digital and transformative technologies for smart manufacturing," said Ajay Bahl, Executive Vice President for MEGALT Verticals in US for HCL Technologies. "This growth is possible based on our partnerships, relationships with local and state governments, commitment to the local ecosystem, and the recently signed deal with Stanley Black & Decker."

"Partnering with HCL is an important component of our strategy to digitally transform our organization and drive resiliency and efficiency across the business," said Don Allan, EVP and Chief Financial Officer at Stanley Black & Decker. "We are also pleased that they will be locating a global delivery center in Hartford, which will continue to add to the city's presence as a significant digital and technology innovation hub."

"Stanley Black & Decker and HCL are two companies with a deep history in Connecticut, and we are pleased to see this partnership between them as well as their commitment to job creation and growth in the state," said Ned Lamont, Governor of the State of Connecticut.

Luke Bronin, Mayor of the City of Hartford, said, "HCL's arrival is another major step forward in Hartford's rapid growth as a center of innovation that attracts global technology leaders."

"We are happy to establish this relationship with Stanley Black & Decker and to assist in their global plans and bold vision," continued Bahl. "We have the perspective and experience in the manufacturing industry, as well as the knowledge of emerging technologies, that will help in this journey."

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.609 as compared to the previous close of Rs. 613.4. The total number of shares traded during the day was 381914 in over 1688 trades.

The stock hit an intraday high of Rs. 615.65 and intraday low of 605. The net turnover during the day was Rs. 232205232.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Moody's downgrades AXIS Bank outlook to Negative

HDFC Bank advances increases to Rs. 9,930 billion as of March 31, 2020

M&M Holds a Special Board Meeting to Review Investment in SsangYong Motor Company

Moody's affirms deposit ratings of ICICI Bank

GMR Infrastructure Limited updates on tariff order

Lasa pledge to contribute for fight against COVID 19

ICRA reaffirms ratings of HLE Glascoat Limited

Dhampur Sugar Mills Ltd starts hand sanitizers production at Asmoli unit

IEX assures the nation of 24X7 access to facilitate uninterrupted power supply

A kind initiative by UNO Minda group to fight against Corona

NMDC contributes Rs.60 Lakh to Ballari District Administration to support the fight against COVID-19

Ind-Ra revises long term issuer rating of HCL Infosystems Ltd

Oriental Aromatics Ltd starts partial production at Bareilly

Vedanta doubles its contribution to Rs. 201 crores to fight COVID-19

UPL contributes Rs. 75 Crore to PM-CARES Fund

IEX announces performance for March 2020

MOIL contributes Rs 45 crore in PM Cares Fund

KEI Industries Ltd. extends support to ISKCON Delhi to feed more than 2 lakh homeless daily

Ajanta Pharma commits Rs. 6 crore to fight COVID-19 pandemic

The Ramco Cements Ltd contributes Rs. 2.50 crores to Tamil Nadu CM Relief Fund

IDBI BANK LTD board to consider rupee bond borrowings limit for FY 2020-21

Raymond Ltd allots 18,54,599 shares

OnMobile Global Ltd board to consider buyback on Apr 9, 2020

National Fertilizers Ltd registers highest-ever Fertilizer sale in 2019-20

ITC Salutes its Frontline Warriors in the fight against Corona

Sportking India Ltd starts operations at Bathinda unit

Cyient to Partner with Hitachi Rail to Accelerate Signaling Technology Deployment

Sunil Healthcare Ltd board approves funding requirements

Bajaj Auto reports 10% YoY drop in sales during March 2020

Lupin's Aurangabad Facility Receives EIR from U.S. FDA

NTPC Ltd commissions Unit-2 of 660 MW of Khargone Super Thermal Power Station

AU Small Finance Bank Ltd announces completion of term by part-time chairman

JSPL shines with promising figures, achieves new milestones in production and sales in FY20

Majesco COVID-19 Status update

Godrej Properties adds two new projects at Worli and Matunga East in Mumbai

CRISIL assigns ratings to Apollo Tricoat Tubes Ltd

Solara shares new updates on Ranitidine Hydrochloride API

Bhagiradha Chemicals & Industries Limited commences partial production operations

ACUITE A1+ rating assigned to Commercial Paper of Sterling and Wilson Solar Ltd

Shriram Group contributes Rs. 10 crores to PM CARES Fund

Fortis Healthcare contributes INR 5.90 crore to the PM National Relief Fund for COVID-19 relief works

Adani Ports and Special Economic Zone Ltd achieves throughput of 223 MMT in FY2019-20

CRISIL reaffirms bank loan facilities ratings of Technocraft Industries India Ltd

Cyient Provides Drone-Based Surveillance Technology to support Telangana State Police in implementing Covid-19 Lockdown

Strides provides updates as USFDA requests all manufacturers to withdraw Ranitidine products from the US Market

CRISIL revises ratings of Nava Bharat Ventures Ltd

Reliance Industries Ltd to raise Rs. 25,000 crore through NCDs

Earum Pharmaceuticals Ltd to acquire 55% in Cedac Medicorp for Rs. 6 crore

J.B. Chemicals & Pharmaceuticals Limited updates on Ranitidine formulations

BCL Industries Ltd - COVID 19 Update and utilization of Distillery Unit to manufacture Hand Sanitizers







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019