HCL Technologies

The move gives HCL Tech ownership of computing infrastructure and marks a break from the asset-light model its chief executive defended less than a year ago.

The proposed $300 million round could value Sarvam AI at $1.5 billion and mark a rare big bet by an Indian IT services major on a domestic AI startup.

As revised wage rules raise statutory costs, companies are reworking pay structures, systems and employment models as implementation unfolds unevenly across states.

Chairperson, HCLTech

CIO, HCL Technologies