A move away from traditional equipment vendors such as Ericsson and Huawei by telecom operators could open up a multi-billion dollar market for the likes of Tech Mahindra, Wipro, HCL Technologies, TCS and Infosys. Traditionally, telecom operators like Bharti Airtel and Vodafone Idea have almost completely outsourced the construction and management of their networks to […]
HCL Infosystems said its deal to sell its Middle East and Africa unit for about Rs 7.34 cr has been canceled after the buyer failed to make payment. “The closure of transaction was subject to certain conditions precedent as specified in the Share Purchase Agreement (SPA),” it said. “Since the Buyer has failed to pay […]
HCL Infosystems, the India-focused IT arm of HCL Group, said it received a tax demand of Rs 312.34 cr plus interest and an amount equal to the interest amount as penalty. The company, which is already struggling with losses, did not specify the amount of interest involved or the year to which the dues relate. […]
HCL Infosystems, the India-focused arm of the HCL group, said it has been named in a charge sheet related to alleged irregularities in the award of a contract to supply computer hardware and related services under the National Rural Health Mission in 2009. The chargesheet has been filed in a special court in Ghaziabad, the […]
