IT services major HCL Technologies on Monday said it is hiring 1,000 technology professionals from the fields of digital transformation, cloud, artificial intelligence and cybersecurity in the United Kingdom. In a statement, HCL Technologies said it is hiring 1,000 technology professionals to support its clients in the UK and around the world. The company plans to hire these professionals in the fields of digital transformation, cloud, artificial intelligence and cybersecurity for its London, Greater London and Manchester offices, it added. HCL has been present in the UK since 1997 and its UK operation currently employs over 3,500 people across various locations, supporting more than 50 clients.
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NEW DELHI: As the domestic stock market came under selling pressure in April, fund managers at ICICI Prudential Mutual Fund got busy buying oil & gas explorers and select midcap names in April even as they rushed to completely exit some of the recent debutant stocks.
The team led by S Naren bought nearly 5 crore shares of Hathway Cable & Datacom, which came out with an impressive earnings report for March quarter. Recently, Reliance Industries also sold some shares in the firm to trim its overall stake.
Besides the Reliance group firm, India s second largest fund house also bought 1-3 crore shares of ONGC, Ashok Leyland, JM Financial and Axis Bank. The first two are being seen as re-rating candidates ahead of the emerging growth cycle.
These employees will serve the UK market as well as the rest of the world. The company also said in a statement that its CEO C Vijayakumar met UK Prime Minister Boris Johnson virtually in light of the current Covid-19 crisis. The meeting was part of PM Johnson’s virtual tour to create stronger business ties between the UK and India. During the meeting, Vijayakumar reaffirmed the company’s commitment to the UK, highlighting HCL’s successful partnerships with many of the UK’s largest corporations to assist them on their growth and transformation journeys. HCL has been present in the UK since 1997 employs over 3,500 people across various locations, supporting over 50 clients.
Movers & Shakers: Stocks that will see action this week
Bulls take charge
The stock of Grasim Industries witnessed its biggest price correction of the past year. That is, after hitting a fresh life-time high of ₹1,472.7 in early April, the stock depreciated and fell to ₹1,262. Therefore, it lost nearly 15 per cent in a three-week period. However, the scrip reversed the trend and posted gains in all five sessions of last week, indicating a strong momentum. The price is now back above both 21- and 50-day moving averages and the price action on the daily chart hints at further appreciation in price. Moreover, indicators like the relative strength index and the average directional index are showing that the bulls are gaining considerable traction. Hence, one can buy the stock with a stop-loss at ₹1,340 and look for a potential target of ₹1,500, which will be a fresh high.