• Latest
  • Trending
HCLTech stock continues upward trend on $278 million deal renewal with apoBank

HCLTech stock continues upward trend on $278 million deal renewal with apoBank

India’s economy grows 7.8%, answers Trump’s “Dead Economy” remark

India’s economy grows 7.8%, answers Trump’s “Dead Economy” remark

Onum acquisition positions CrowdStrike as the OS of cybersecurity

Onum acquisition positions CrowdStrike as the OS of cybersecurity

PM Modi speaks with President Zelenskyy

PM Modi speaks with President Zelenskyy

Data Story: Maritime vision 2030 – India’s big push for global leadership in ports

Iron ore shipments in Indian major ports fell 7% at 16.38 mn tn during April-July 2025

What Vibe Coding means in the age of AI

How vibe coding can help small businesses to build apps? 

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Hiring declines in Indian IT as layoffs increase worldwide

Hiring declines in Indian IT as layoffs increase worldwide

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

xAI launches Grok Code Fast 1 to compete in AI coding

xAI launches Grok Code Fast 1 to compete in AI coding

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

Sunday, August 31, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

HCLTech stock continues upward trend on $278 million deal renewal with apoBank

in Blog
Reading Time: 2 mins read
0
HCLTech stock continues upward trend on $278 million deal renewal with apoBank
Share on FacebookShare on Twitter

Anindita Nayak

RelatedPosts

Govt bans real-money gaming, points to ₹20,000 crore yearly losses

How Small Language Models are helping in real world work

Rust programming language and its key role in shaping next-gen applications

Bhubaneswar, June 13, 2024

IT major HCLTech continued its upward trend in the Indian stock market as the company’s shares were trading upward for the second consecutive day on the renewal of a large deal with German lender, apoBank.

The company has announced an extension of its contract with Deutsche Apotheker- und Ärztebank eG (apoBank), Germany’s largest cooperative primary bank this week.

In an exchange filing, HCLTech said the deal is valued at $278 million (approximately Rs 2,300 crore) and is spread over 7.5 years.

apoBank and HCLTech began their partnership in 2021, primarily focusing on application services. However, the new agreement marks a substantial expansion in their relationship, the company has said in a statement.

“The new contract will result in a significant expansion in the relationship. We look forward to working with apoBank to help them serve their customers by leveraging our comprehensive portfolio of managed infrastructure and cloud services and our longstanding experience with Avaloq,” said Sudip Lahiri, Executive Vice President and Head of Financial Services, Europe at HCLTech.

Avaloq, a company based in Switzerland, specializes in creating and providing software called the Avaloq Banking Suite, which meets core banking requirements. In 2022, HCLTech acquired Confinale, a well-known Swiss company that excels in digital banking and wealth management consulting. Confinale also worked as an implementation partner for Avaloq Solutions.

“In addition to world-class capabilities in IT infrastructure and cloud-managed services, HCLTech has extensive Avaloq expertise and a deep understanding of apoBank. In this respect, it was a logical step to consolidate the IT services with HCLTech,” said Thomas Runge, COO and Member of the Executive Board, apoBank.

On Thursday, the Nifty IT index was trading 0.89% up at 34,853 at 12:50 PM, marking a second day of gain for the index. HCL Tech was trading 0.33% up at Rs 1,443.50 on the NSE. Among midcaps, Coforge was trading 2.19% higher at Rs 5,290 per share.

Related Posts

Govt bans real-money gaming, points to ₹20,000 crore yearly losses

Govt bans real-money gaming, points to ₹20,000 crore yearly losses

0

Athira Sethu Kochi, 21 August 2025 The Indian government has made the decision to prohibit all kinds of online real-money...

How Small Language Models are helping in real world work

How Small Language Models are helping in real world work

1

Athira Sethu Kochi, 18 August 2025 Big AI models are employed everywhere, from coding to data analysis to interaction with...

Rust programming language and its key role in shaping next-gen applications

Rust programming language and its key role in shaping next-gen applications

0

Athira Sethu Kochi, 8 August 2025 Rust is a computer programming language that has quickly become popular because of its...

Mobile Apps you can build with Python

Mobile Apps you can build with Python

0

Athira Sethu Kochi, 6 August 2025 After the COVID-19 pandemic, more businesses have moved online. This has made mobile apps...

India’s economy grows 7.8%, answers Trump’s “Dead Economy” remark
Economy

India’s economy grows 7.8%, answers Trump’s “Dead Economy” remark

0

DBT Bureau Pune, 31 August 2025 India’s economy grew by 7.8% in the April–June quarter, the fastest growth in five...

Read moreDetails
Onum acquisition positions CrowdStrike as the OS of cybersecurity
Tech

Onum acquisition positions CrowdStrike as the OS of cybersecurity

0

DBT Bureau Pune, 31 August 2025 CrowdStrike said its intent to acquire Onum, a pioneer in real-time telemetry pipeline management....

Read moreDetails
PM Modi speaks with President Zelenskyy
world

PM Modi speaks with President Zelenskyy

0

DBT Bureau Pune, 31 August 2025 Prime Minister Narendra Modi spoke on the phone today with the President of Ukraine,...

Read moreDetails
Data Story: Maritime vision 2030 – India’s big push for global leadership in ports
Commodity

Iron ore shipments in Indian major ports fell 7% at 16.38 mn tn during April-July 2025

0

Debasis Mohapatra Bengaluru, 30 August 2025 Iron ore exports from India during April-July period of 2025 fell by around 7%...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?