Mega and Large-Cap Stocks in Focus: LIC, Infosys, Tata Motors & More

  • Stock Market News
Mega and Large-Cap Stocks in Focus: LIC, Infosys, Tata Motors & More
Credit: © Reuters.

By Malvika Gurung -- Infosys (NS: INFY )s: The IT giant has agreed with the US-based early stage venture capital fund The House Fund III for an investment amount of $10 million, which is expected to complete by the end of June 2022.

UltraTech Cement (NS: ULTC ): The cement manufacturing major is importing a cargo of Russian coal and is paying Chinese yuan for it, which is a rare method of payment, as per reports.

Life Insurance Corporation (NS: LIFI ): The largest insurer has said that it will need more time to determine the Indian Embedded Value, as of March 2022, and expects the process to complete by July 15, from June 30 earlier.

Tata Motors (NS: TAMO ): The Government of Delhi has given a go-ahead to the induction of 1,500 electric vehicles of the auto company.

Indian Oil (NS: IOC ): The state-owned major’s board has granted the investment approval for the capacity expansion of Digboi Refinery, Assam from 0.65 MMTPA to 1 MMTPA, in conjunction with associated facilities at an estimated price of Rs 740.2 crore.

Biocon (NS: BION ): The pharmaceutical company is to acquire a 26% stake in the renewable energy company AREREPL for Rs 7.5 crore.

Minda Industries (NS: MNDA ): The auto components manufacturer has acquired 4,48,162 shares or a 5.24% stake in FRIWO AG, Germany, via an investment of Euro 14.99 million.

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