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In this role, Chowdhary will lead HCLSoftware's India region business for growth and innovation across India's critical sectors, including Enterprise, BFSI, and Government segments. Chowdary will play a key role in leading HCLSoftware's Make in India commitment of being the largest India-based global enterprise software products company.
HCLTech will leverage Microsoft Dynamics 365 to move the Tasman District Council to an advanced digital system that will drive more meaningful interactions between the Council's 58,000 residents and staff.
The new digital systems will leverage GenAI and automation technologies to ensure that customer processes such as service requests and application lodgments swill be faster and streamlined.
HCL Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 1841.85, up 3.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 24419.55. The Sensex is at 80155.08, up 0.85%. HCL Technologies Ltd has added around 3.65% in last one month.
Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has added around 0.66% in last one month and is currently quoting at 40424.6, up 3.68% on the day. The volume in the stock stood at 21.02 lakh shares today, compared to the daily average of 25.16 lakh shares in last one month.
The benchmark November futures contract for the stock is quoting at Rs 1846.5, up 3.85% on the day. HCL Technologies Ltd is up 44.58% in last one year as compared to a 25.83% gain in NIFTY and a 35.29% gain in the Nifty IT index.
The PE of the stock is 40.75 based on TTM earnings ending September 24.
The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech's comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry. The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI.
“Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. “We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore's position as a regional hub for AI innovation,” he added.
According to the report, 81% of the security leaders anticipate a cyberattack on their organizations in the next 12 months while only 48% believe they can prevent one. 54% of the security leaders identify AI generated attacks as the biggest security risk. 76% of the security leaders faced high to moderate challenges in resuming business fully in the aftermath of a cyberattack.
North America witnessed the highest incidence of reported attacks at 64% of surveyed security leaders indicating their organization had been targeted, followed by 57% in Europe and 51% in the Australia-New Zealand region. In response to these rising threats, 63% of security leaders plan to increase cybersecurity investments over the next 12 months. Improving compliance and risk management emerged as the top priority for 84% of respondents, followed closely by investments in SOC automation (76%) and incident response and recovery capabilities (75%), reflecting a clear focus on strengthening both proactive and reactive cybersecurity measures.
While only 35% of security leaders feel confident in their in-house expertise to manage cybersecurity risks, 90% expect to continue relying on external sourcing to bolster their capabilities. Additionally, only 37% feel they are effective in communicating their organization's IT security posture to the board and C-suite, highlighting a gap in both internal expertise and strategic communication at the leadership level.