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HCL Technologies has announced a strategic partnership with Western Union to drive innovation and transformation in the financial services industry. Both companies will establish an advanced technology center in Hyderabad, India, which will further enhance Western Union's global technology capabilities and create new opportunities for innovation and talent development.
Rail Vikas Nigam (RVNL) emerged as lowest bidder for a Central Railway project worth Rs 115.79 crore. The project involves OHE modification work for the upgradation of the existing 1x25 KV electric traction system to 2x25 KV at the feeding system in the Itarsi-Amla section in the Nagpur division of Central Railway to meet the 3000 MT loading target.
Garden Reach Shipbuilders & Engineers (GRSE) signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany for the construction and delivery of 7th & 8th multi-purpose vessel (MPV) of 7,500 DWT, in Hamburg, Germany. This contract is in line with the ‘Option Agreement’ signed between both the parties, for procurement of four additional MPVs from GRSE.
Brigade Enterprises acquired a 4.4-acre land parcel in East Bengaluru for the development of a residential project with a total development potential of 0.6 million square feet and a gross development value of approximately Rs 950 crore.
Sterling & Wilson Renewable Energy appointed Ajit Pratap Singh as the chief financial officer(CFO), effective March 24. Further, Sandeep Mathew has ceased to be the interim CFO of the company and will continue with his role as Head of Investor Relations.
Hyundai Motor India’s board approved an investment of upto Rs 694 crore for establishing and operating a tooling centre in India.
HCL Technologies (HCLTech) and Western Union announced a strategic partnership to drive innovation and transformation in the financial services industry. The strategic partnership establishes HCLTech as Western Union's largest preferred partner as they collaborate to:
(i) Transition to a platform operating model: Western Union will leverage HCLTech's AI-powered solutions, FENIXAI and AI Force, to accelerate Western Union's transition to a platform-centric operating model, enabling greater agility and scalability.
(ii) Accelerate platform and channel transformation: Western Union will harness HCLTech's cutting-edge digital, cloud, and AI solutions to enhance platform and channel capabilities, delivering seamless and innovative customer experiences. HCLTech will support data driven decision making and increased resilience through enterprise-wide infrastructure transformation.
(iii) Leverage expertise in digital engineering: HCLTech's proven track record in digital engineering will accelerate Western Union's work to reimagine its technology landscape, implement full stack observability and automation, increase efficiency through AI-assisted methods, and ensure robust and future-ready solutions.
(iv) Expand technology footprint in India: Western Union, in collaboration with HCLTech, will establish an advanced technology center in Hyderabad, India. This will further enhance Western Union's global technology capabilities and create new opportunities for innovation and talent development.
C Vijayakumar, CEO and Managing Director of HCLTech, said, 'This strategic partnership emphasizes our focus on empowering fintech companies through digital engineering led transformation and creating exceptional value for their stakeholders. We remain deeply committed to Western Union's growth journey through innovative solutions that deliver real business outcomes.”