Stocks in Focus on Dec 9: Infosys, HCL Tech, M&M & More

  • Stock Market News
Stocks in Focus on Dec 9: Infosys, HCL Tech, M&M & More
Credit: © Reuters.

By Malvika Gurung -- HCL Technologies (NS: HCLT ): The IT major and apoBank, Germany’s largest cooperative primary bank, have signed an agreement with Atruvia AG, a German IT company, to acquire the IT consulting company Gesellschaft für Banksysteme. This will give HCL Tech a stake of 51% in GBS, and apoBank 49%.

Infosys (NS: INFY ): The business process management subsidiary of Infosys, Infosys BPM announced to expand its presence in Ireland, and will create 250 jobs locally, providing voice support, customer service and technical support operations for global enterprises there.

Mahindra & Mahindra (NS: MAHM ): The Mahindra Group and a joint venture between Reliance Industries (NS: RELI ) and BP (LON: BP ) in the UK, Jio-BP have signed an agreement to explore creating electric vehicle-related products and services, along with evaluating low-carbon solutions. 

RailTel Corp Of India Ltd (NS: RAIT ): The railways ministry-owned company has received a work order of about Rs 210.77 crore from the railway company Ircon International for designing, supplying, installing, testing and commissioning of tunnel communication system consisting of emergency call & service telephone, CCTV, tunnel radio and PA system, stated the company.

NHPC (NS: NHPC ): The state-owned power company’s board of directors have approved to merge subsidiary Lanco Teesta Hydro Power with the company.

Indiabulls (NS: INBF ) Housing Finance: The mortgage lender’s public issue of bonds will open on Dec 9 to raise about Rs 1,000 crore with a base size of Rs 200 crore. The proceeds from the issue will be utilised to fund the NBFC’s business growth.

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