HCL Tech (HCL Technologies Ltd). announced a new multi-year application deal with Euroclear Group to accelerate its tech transformation journey and enhance digital capabilities.
- HCL Tech will work with Euroclear to explore new business model and market opportunities through innovation and data monetisation. Euroclear is the world’s largest provider of domestic and cross-border settlement and related services for bond, equity and fund transactions.
- HCL Tech is likely to leverage the Fenix 2.0 framework to modernise the digital channels of Euroclear.
- HCL Tech will also establish a co-innovation lab in Brussels with Euroclear.
Analyst Actions: NHPC, CreditAccess Grameen
- NHPC cut to ‘reduce’ from ‘add’ at HDFC Securities; price target: Rs 31
- CreditAccess Grameen raised to ‘buy’ from ‘hold’ at price target: Rs 731
