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Competition Commission has cleared IT company HCL Technologies’ equity swap deal to buy the business of GeometricLtd. Earlier in April, HCL Technologies and Geometric Ltd signed an agreement for the deal. As part of the transaction, HCL would issue 10 shares to shareholders of Geometric for every 43 shares held by them in the company. Read Also: Blackberry Appoints HCL Infosystems As National Distributor The final deal excludes Geometric’s 58 per cent stake in 3DPLM Software Solutions Ltd - a joint venture with Dassault Systems according to ET report. It is...

HCL Technologies has signed partnerships with two leading automotive solution providers to expand its offerings for the fast-growing smart vehicle ecosystem. Working to enhance HCL’s existing Smart Mobility and Vehicle Engineering Services, alliances with Movimento and Rightware will bring invaluable services to HCL’s clients. “In the automotive sector, HCL’s services are centered around the four key areas driving industry innovation: efficiency, safety, autonomous driving and personalisation. As part of our commitment to providing next-generation services, we look for partners with technologies that will help us in serving the industry’s transformation,”...