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HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion

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Advanced AI revenue grows 62.1% to $171 million; company plans to invest up to ₹3,500 crore to establish AI data centers

NEW YORK and NOIDA, India, July 13, 2026 /PRNewswire/ — HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, today reported financial results for the first quarter ended June 30, 2026. USD revenue was at $3.65 billion, up 3% YoY, while revenue in constant currency (CC) grew 2.6% YoY.

“We recorded our highest ever Q1 net new bookings of $2.4 billion and our Advanced AI business grew 10.6% QoQ and 62.1% YoY in constant currency terms. These demonstrate that enterprises are choosing us to lead their AI-led transformation. Combined with the operational efficiencies visible in margin expansion, this momentum gives us the confidence we’re positioned to keep outpacing the market over the medium term,” said C Vijayakumar, CEO & Managing Director, HCLTech.

Services revenue growth was led by a steady momentum in IT and Business Services, which grew at 4.2% YoY in CC. HCLSoftware’s annual recurring revenue stood at $1.06 billion, up 2% YoY CC. Advanced AI revenue for the quarter was at $171 million. The revenue per employee per annum was at $65,500, up 3.3% YoY.

Industry vertical growth was led by Public Services, with 12% YoY (CC) growth, followed by Retail and Consumer Packaged Goods at 10.1% YoY (CC) and Technology and Services at 7.3% YoY (CC). In terms of geographies, the U.S. grew by 2.9% YoY (CC) and Europe grew by 0.1%. The Rest of the World grew by 10.8% YoY (CC).

HCLTech also announced a plan to invest up to ₹3,500 crore ($370 million appx) to establish AI data centers, with the potential to scale to 50MW of capacity. The investment is complemented by the company’s existing capabilities across AI data center design, DevOps and AI cloud operations as well as its software portfolio, enabling a truly integrated end-to-end play.

HCLTech announced a dividend of ₹12/share for the quarter. The company maintained guidance on FY27 revenue growth of 1% to 4% YoY in CC and Services revenue growth between 1.5% and 4.5% YoY in CC. EBIT margin is expected to be between 17.5% and 18.5%.

“HCLTech delivered a steady Q1 FY27 performance, with revenue growth of 13.9% YoY, EBIT growth of 18.0% YoY and Net Income growth of 20.3% YoY. Excluding the impact of restructuring costs, EBIT margin and Net Income margin stood at 17.5% and 13.8%, respectively,” said Shiv Walia, Chief Financial Officer, HCLTech.

Key Advanced AI deal wins:

A global technology major expanded its partnership with HCLTech for an AI Factory program with an incremental scope of over $180 million for AI data center buildout.A U.S.-based semiconductor major selected HCLTech’s AI Engineering solution to develop an advanced AI-enabled chip for next-generation vehicles.A Europe-based manufacturer selected HCLTech to engineer the navigation stack for its next-generation autonomous robot. HCLTech will apply its Physical AI and intelligent Product Engineering capabilities to deliver core navigation logic, motion planning and system integration for the product.

Other key deal wins:

A Europe-based global automotive manufacturer selected HCLTech for a large-scale AI-led Site Reliability Engineering (SRE) transformation program across Engineering, Production, Commercial and Corporate application landscapes.A Fortune 250 semiconductor equipment OEM selected HCLTech to accelerate AI-driven transformation across its semiconductor engineering and manufacturing value stream.In one of the largest deals in the history of HCLSoftware, a US-based technology services company selected Actian Ingres to support logistics operations applications for a public sector entity.

HCLTech has been recognized as the highest-ranked India-headquartered company in the Professional Services category in TIME World’s Most Sustainable Companies list for the second consecutive year. It has been ranked 6th out of 209 ‘IT consulting’ companies in ESG risk rating by Sustainalytics. The company has also achieved MSCI AA (Leader) ESG rating for strong ethics and human capital practices for two years in a row.

HCLTech was featured among Asia’s Most Honored in Extel’s 2026 Executive Team rankings. It achieved 10 top 3 rankings in the Technology IT Services Software and AI segment, of which six were No. 1 position.

About HCLTech

HCLTech is a global technology company, home to more than 223,000 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending June 2026 totaled $14.8 billion. To learn how we can supercharge progress for you, visit hcltech.com.

For further details, please contact:

Meredith Bucaro, Americas
meredith-bucaro@hcltech.com

Elka Ghudial, EMEA
elka.ghudial@hcltech.com

James Galvin, APAC
james.galvin@hcltech.com

Nitin Shukla, India
nitin-shukla@hcltech.com

Logo –  https://mma.prnewswire.com/media/2648325/HCLTech_Logo.jpg

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Tube & Pipe Fair 2026: Three Days of Countless Business Opportunities

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With India’s infrastructure, manufacturing, energy and construction sectors driving unprecedented demand for advanced tube and pipe solutions, the need for a dedicated industry platform has never been greater. Tube & Pipe Fair 2026, organised by Tulip 3P Media Pvt. Ltd., returns to HITEX Exhibition Center, Hyderabad, from 16–18 July 2026, bringing together the entire tube and pipe value chain under one roof. The event is supported by Principal Partner – Jindal Industries Private Limited (Hissar); Co-Partners – Hira Pipes, Mahalakshmi Profiles Pvt. Ltd. and One Helix – A JSW One Product; Associate Partner – Dadu Pipes; Technology Partner – Surya Electric (Surya Mfr. Tube Mills); Visitor Kit Partner – METPRO (MKK Metal Sections Pvt. Ltd.); Lanyard Partner – Jindal Industries Private Limited (Hissar); and Media Partner – Tube & Pipe India Magazine.

NEW DELHI, July 15, 2026 /PRNewswire/ — Designed as a focused B2B platform, the exhibition will bring together manufacturers, suppliers, distributors, buyers and technology providers from across India and overseas for three days of business networking, live machinery demonstrations, product launches and high-value buyer-seller interactions.

Now in its fourth edition, Tube & Pipe Fair has established itself as one of India’s most focused business destinations for the tube and pipe industry. From its inaugural edition in New Delhi in 2023 to successful editions in Hyderabad (2024) and New Delhi (2025), the exhibition has consistently attracted leading brands, cutting-edge technologies and key decision-makers, making it an essential meeting point for professionals looking to stay ahead of industry trends.

Visitors will have the opportunity to engage with leading companies including Goodluck India Limited, Hariom Pipe Industries Limited, Jindal Industries Private Limited – Hissar, Jindal Stainless Limited, Jindal Steel Limited, JTL Industries Limited, Mahalakshmi Profiles Private Limited, Maruti Ispat And Pipes Private Limited, MKK Metal Sections Private Limited, One Helix – A JSW One Product, RR Ispat (A Unit of GPIL), Sun Mark Stainless Private Limited and Surya Electric (Surya Mfr. Tube Mills), alongside numerous exhibitors representing every segment of the industry.

Tube & Pipe Fair 2026 offers tube and pipe manufacturers, fabricators, engineering companies, dealers, distributors, stockists, EPC contractors, infrastructure developers and professionals from the automobile, aeronautical, rail, shipbuilding, offshore, oil & gas, energy, power, water supply and water treatment, chemical and petrochemical, refrigeration and HVAC, building and construction, heavy and process industries, defence, electrical, measuring and control technology, and healthcare sectors an opportunity to discover new technologies, compare solutions, identify reliable suppliers and build lasting business relationships. Professionals associated with iron, stainless steel, ferrous and non-ferrous tubes, pipes and profiles, as well as plastics and composites, public utilities, procurement, purchasing, quality assurance and R&D, will also find the exhibition an invaluable platform for sourcing and knowledge exchange.

From tube, pipe and profile manufacturing machinery and processing technologies to steel processing equipment, testing and inspection systems, materials, consumables, fittings, valves, pumps, tools, reconditioned machinery, steel, plastics and composites, the exhibition offers a comprehensive showcase of the latest products and innovations shaping the industry.

Whether organizations are planning their next investment, evaluating new suppliers or simply looking to stay ahead of market trends, Tube & Pipe Fair 2026 is the place to connect, collaborate and create new business opportunities. The calendar can be marked for 16–18 July 2026 and be part of India’s premier gathering for the tube and pipe industry.

 

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DBS crowned Southeast Asia’s most valuable brand in Kantar BrandZ 2026 ranking

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The region’s Top 30 brands are now worth US$165 billion and outperform global peers on Meaningful Difference.

Shopee, Lazada and POSB rank amongst the fastest-growing brands

SINGAPORE, July 15, 2026 /PRNewswire/ — Kantar, the world’s leading data, analytics and AI business, today unveiled the third edition of its BrandZ™ Southeast Asia ranking and report, revealing that Southeast Asia’s Top 30 most valuable brands are now worth a combined US$165.3 billion. The ranking highlights the resilience of the region’s strongest brands, whose value has grown 26% since 2024 despite a challenging global economic environment. Growth has been broad-based: 18 brands have grown, 16 at a double-digit pace, with four more than doubling their value. This was driven by strong consumer relevance and clear differentiation in increasingly competitive markets.

The rankings also highlight the continued dominance of Financial Services, which accounts for more than half of the total value in the Top 30. Banking brands occupy five of the top 10 positions, demonstrating the strength of consumer trust and the growing importance of financial brands in people’s daily lives.

Telecommunications remains the second-largest category, led by Thailand’s AIS, while Retail continues to gain momentum through the growth of e-commerce leaders Shopee and Lazada.

Valued at US$24.5bn, DBS has overtaken BCA to become Southeast Asia’s most valuable brand, more than doubling its value since 2024. This growth is driven by strong brand foundations, anchored in a clear commitment to sustainability and financial security – a positioning that has earned it recognition as Asia’s Safest Bank for 17 consecutive years. Its proposition also travels well beyond its home market, demonstrating its ability to scale a meaningfully different offer across multiple markets.

Kantar BrandZ Top 10 Most Valuable Southeast Asian Brands 2026:

2026 Rank 
(vs 2024)

Brand

Category

Brand value
2026 (US$M)

2-year
change (%)

1 (+2)

DBS

Financial Services

24,545

121 %

2 (-1)

BCA

Financial Services

22,661

-20 %

3 (+1)

AIS

Telecom Providers

14,612

65 %

4 (+3)

Shopee

Retail

10,428

116 %

5 (+1)

UOB

Financial Services

7,768

18 %

6 (-4)

BRI

Financial Services

6,438

-43 %

7 (+2)

Marina Bay Sands

Travel Services

6,092

38 %

8 (-3)

Mandiri

Financial Services

5,488

-34 %

9 (+1)

True

Telecom Providers

5,373

45 %

10 (-2)

Telkomsel

Telecom Providers

4,726

3 %

Scaling success: how top risers are accelerating growth

The fastest-rising brand in the Top 30 is POSB (People’s Own Savings Bank), leaping eight places to No.13, and increasing its value 126% to $4.4bn. Singapore’s oldest bank has strengthened its purpose – ‘Neighbours first, bankers second’ – through community-led initiatives, and emotionally compelling storytelling. Its innovative ‘Treat Yourself Right’ campaign, using GenAI to bring consumers face-to-face with their future selves, demonstrates how technology can deepen engagement while reinforcing brand meaning.

Among the 24 brands featuring in both the 2026 and 2024 rankings, those with the strongest growth also have the widest international reach, highlighting the commercial advantage of translating locally-built brand meaning into regionally relevant offers. Singaporean brand Lazada (No.12; $4.5bn; +105%) has succeeded with a strategy based on quality, authenticity and trust. It offers consumers peace of mind in a complex e-commerce landscape through its ‘100% Legit’ guarantee, and this narrative resonates across diverse markets, supporting sustained growth and strengthening consumer confidence.

Commenting on the results, Rika Sharma, Executive Managing Director, Southeast Asia and Singapore, Kantar, says: “Southeast Asia’s most valuable brands have earned their place by building deep, meaningful connections with consumers around enduring human needs that transcend markets and cultures. While many are already firmly embedded in people’s lives, sustaining growth in the years ahead will require greater ambition and innovation. The strongest brands will be those that expand into new spaces, create new sources of value for consumers and sharpen their differentiation in ways that justify premium pricing. Achieving this consistently will depend on a more strategic application of consumer and market understanding, powered by AI-enabled intelligence that helps turn brand decisions into measurable business impact.”

Newcomers combine bold positioning with cross-market relevance

Six new entrants join BrandZ’s Southeast Asian ranking this year, spanning five categories and five markets: Malaysian telecom provider CelcomDigi (No.14; $4.2bn), Vietnam-founded EV manufacturer VinFast (No.15; $4.0bn), Malaysian retailer 99 Speedmart (No.21; $2.6bn), Indonesia’s Mayapada Hospital (No.24; $2.4bn), and financial services brands SCB (Siam Commercial Bank) (No.28; $1.4bn) from Thailand and BDO (No.29; $1.4bn) from the Philippines. Each newcomer has broken into the Top 30 by establishing a clear point of differentiation that cuts through, and by amplifying that difference through focused, effective communications.

VinFast exemplifies this approach through its ‘For a Green Future’ mission, combining accessible electric mobility with ecosystem innovation, such as its GreenSM Taxi services. This clear, future-facing positioning has supported rapid expansion within Southeast Asia and beyond. Meanwhile, Indonesia’s Mayapada Hospital has built momentum by positioning itself as a provider of world-class healthcare within the region, reducing the need for outbound medical travel. Its strong, digitally led communications reinforce its premium, progressive credentials among consumers.

Key trends from the 2026 Kantar BrandZ Top 30 Most Valuable Southeast Asian Brands report include:

Southeast Asia’s Top 30 outperform the Kantar BrandZ Most Valuable Global Brands on the three fundamental drivers of brand growth – Meaning, Difference and Salience – signalling their strong connection with consumers and their readiness for sustained future growthConsumers increasingly see Southeast Asian brands as ‘worth it’. By demonstrating clear Meaningful Difference, these brands reinforce perceptions of value for money and justify premium pricing.

The 2026 Kantar BrandZ Top 30 Most Valuable Southeast Asian Brands ranking, full report and in-depth analysis are now available at: www.kantar.com/campaigns/brandz/southeast-asia

For category-level competitive insights, Kantar’s free BrandSnapshot tool, powered by BrandZ, offers at-a-glance intelligence on 15,000 brands worldwide. Explore it here.

ENDS

About Kantar: Kantar is the world’s leading marketing data and analytics business. We deliver the intelligence needed to power brand growth in the AI era. We provide the signals that help organisations act quickly and confidently. We empower brands to make effective marketing decisions based on predictive evidence. And we help them craft powerful growth strategies rooted in the connection between consumers, brands and enterprise value. All this is powered by our uniquely robust human and synthetic data, our unrivalled IP, our AI-native platform and the team of global brand experts that bring this all together.

About Kantar BrandZ: Kantar BrandZ is the global currency when assessing brand value, quantifying the contribution of brands to business’ financial performance. Kantar’s annual global and local brand valuation rankings combine rigorously analysed financial data, with extensive brand equity research. Since 1998, BrandZ has shared brand-building insights with business leaders based on interviews with 4.6 million consumers, for 22,392 brands in 54 markets. Discover more about Kantar BrandZ here.

The Kantar BrandZ Most Valuable Southeast Asian Brands is the most definitive and robust ranking available. The ranking is based on interviews with more than 120,000 respondents, on 2,050 brands in 85 categories. The ranking focuses exclusively on consumer-facing brands, and brands must meet the following criteria:

The brand must have originated in one of the following markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand or VietnamThe brand must be owned by a publicly listed company or by a company that publishes full financial statements in the public domain.

For more information, please contact:

Amanjit Singh, Marketing Director- APAC, Kantar | Amanjit.singh@kantar.com  
Mishuelle Wee, Digital Marketing Manager, Kantar | mishuelle.wee@kantar.com  

 

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SOURCE Kantar

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Tamron 12-20mm F2.8 Di III Ultra-Wide Full Frame Lens Announced; First Look YouTube Video at B&H Photo

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New From Tamron, the ultra-wide

Photography News: Tamron unveils the 12-20mm f/2.8 Di III Widest Full-frame Mirrorless Zoom Yet

NEW YORK, July 15, 2026 /PRNewswire/ — B&H is pleased to share the new Tamron 12-20mm f/2.8 Di III ultra-wide mirrorless zoom lens, available for Sony E Mount and Nikon Z Mount, delivers professional performance without bulk and weight.

Tamron 12-20mm f/2.8 Lens for Sony E mount cameras
https://www.bhphotovideo.com/c/product/1986708-REG/tamron_12_20mm_f_2_8_lens_sony.html 

Lens for Nikon Z mount Cameras
https://www.bhphotovideo.com/c/product/1986709-REG/tamron_12_20mm_f_2_8_lens_nikon.html

Full-Frame | f/2.8 to f/16 ApertureLightweight Wide-Angle ZoomVXD Linear Motor Focus MechanismAutofocus Support | 7.1″ Close FocusToned Profile Next DesignRear Sheet-Filter HolderMoisture-Resistance | Fluorine Coating12-Blade Rounded Iris | Smooth BokehWorks with TAMRON Lens Utility SoftwareIntegrated Lens Hood

Characterized by its dramatic wide-angle perspective, this zoom has much to offer for photographers of all levels. The 12mm wide angle view makes this lens perfect for dramatic landscapes, and the fast, f/2.8 aperture delivers a bright view ideal for night skies and astro photography. Plus, the lens even offers stunning close-up performance with a minimum focus distance of just 7.1″ at the wide end.

The lenses optical system incorporates an eXpanded Glass Molded Aspherical, or XGM, lens element alongside three Glass Molded Elements to effectively suppress peripheral blurring and color fringing, resulting in corner-to-corner sharpness. Additionally, the lens corrects for sagittal coma flare, a common challenge for astro photographers.

Ultra-wide zooms have traditionally been quite large, yet Tamron has achieved a sophisticated balance of size and weight. At just 20.2 ounces and measuring 4.7″ in length, the lens among the smallest in its class. This feat is achieved with few sacrifices, as Tamron managed to slim down and fit all the necessary controls and switches users have come to expect from their lenses.

The Tamron 12-20mm f/2.8 Di III is one of the most impressive ultra-wide zoom lenses available for modern mirrorless systems, and a great solution for those looking for a dramatic perspective with impressive light gathering capabilities.

Learn more with B&H Explora https://www.bhphotovideo.com/explora/photography/news/tamron-widest-full-frame-lens-to-date

Tamron 12-20mm f/2.8 Di III Ultra-Wide Full Frame Lens YouTube First Look Video –

 About B&H Photo Video

As the world’s largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable sales force and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for over 50 years.

Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. You can view the B&H Event Space presentations from many of the world’s foremost experts and interviews with some of technology’s most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as our award-winning podcasts.

When you’re in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The techno-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Photo SuperStore is the place to test-drive and compare all the latest gear.

The B&H Payboo Credit Card offers the industry’s best instant savings and special financing, subject to credit approval. Visit B&H’s Payboo Page to learn more and apply.

Contact Information
Geoffrey Ngai
B&H Photo Video
212-615-8820
https://www.bhphotovideo.com/

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SOURCE B&H Photo

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