Taiwans Foxconn is partnering with Indias HCL Group to set up an outsourced assembly and testing unit (OSAT) for semiconductor chips, the two industry groups said in separate statements.
The NSE IT Index surged 1.9% on Monday, building on Friday s 5.4% jump in the benchmark following December quarter earnings by Infosys and TCS which were not as bleak as investors had expected.
HCL Tech s CFO, Prateek Aggarwal, and Chief People Officer, Ramachandran Sundararajan, discuss the company s performance and outlook. Aggarwal highlights the strong margin story for the full year and the seasonality in the software business. The company recorded a 32% growth in the P&P business, driven by both organic and inorganic factors. Sundararajan mentions the positive net headcount growth and ongoing hiring trends.