SGIndia's HCLTech announced a $1.14 billion deal with a major European firm, marking a significant new business opportunity for the company. The agreement focuses on establishing an AI-driven operating model to transform and manage the client's global digital workplace and enterprise networks. The deal spans four-and-a-half years and can be extended for another five years. HCLTech's shares rose 4.6% following the announcement, contributing to a broader rise in the Nifty IT index. The company noted this is entirely new business and did not specify the identity of the European firm involved.
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