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HCL Tech gains 5% on signing contract with reinsurers Munich Re

Monday, August 23, 2021
Shares of HCL Technologies surged 5 per cent to hit a new high of Rs 1,168 on the BSE in intra-day trade on Monday, after the company said it has signed a contract with Munich Re, one of the world’s leading reinsurers, to create a next generation digital workplace for its workforce. The Indian IT major said that building on its strategic digital transformation partnership with Munich Re, HCL will modernize and standardize workplace services for more than 16,000 employees in 40 countries. The company further said it will adopt a “global” strategy to support Munich Re’s global workforce in multiple languages, including German, Spanish and Mandarin, from near-shore locations. HCL will also implement a highly personalized service desk solution and leverage the power of automation and self-service capabilities to improve efficiency and enhance employee user experiences, the company said. Read more