Trending Stocks: HFCL, Infosys, Airtel, Wipro and others in news today

HFCL

The company on Tuesday said it has raised Rs 600 crore through the QIP issue, which it plans to use for expanding manufacturing facilities and product development. The QIP (qualified institutional placement) received responses from various institutional investors like Reliance Ventures, Quant Mutual Fund, IIFL Wealth, Elara India, Discovery, Segantii, Millennium, among others, the company said in a statement.

One 97 Communications

The company has reported over two-fold rise in its Gross Merchandise Value (GMV) to about Rs 1,66,600 crore in the first two months (October-November) of the third quarter of this fiscal, driven by a sharp uptick in loan disbursals. The company had recorded a GMV of Rs 72,800 crore in the corresponding period a year ago.

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Mold-Tek Packaging 

The company launched QIP issue on December 14 and approved the floor price of Rs 722.40 per equity share for the QIP.

GR Infraprojects 

The company said the project “Development of Purvanchal Expressway (Package-IV) from Sidhi Ganeshpur to Sansarpur in Uttar Pradesh on EPC basis” has been provisionally completed. Subsidiaries GR Amritsar Bathinda Highway Private Limited and GR Ludhiana Rupnagar Highway Private Limited have executed the concession agreement with the National Highways Authority of India on December 14.

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Infosys 

The company on Tuesday announced that it has been selected by Finnish pharmaceutical company Orion Corporation to holistically transform its ERP and Planning platforms, enhance employee experience, and drive business value realisation.

Tamilnadu PetroProducts 

CARE upgraded credit rating on the company’s long-term bank facilities to A from A-, with a stable outlook.

Deepak Nitrite 

The company’s board of directors will meet on December 22 to consider raising funds.

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Bharti Airtel | Capgemini

Bharti Airtel is going to collaborate with Capgemini to bring India-specific, 5G-based enterprise-grade solutions to the country. Capgemini’s 5G Lab within its Mumbai campus and Airtel’s 5G Lab in Manesar, Haryana, will be the development hubs.

SMS Lifesciences India 

The company has executed a Share Purchase Agreement and Share-Subscription Agreement with ChemWerth Inc. USA, a strategic investor, and their associates on December 13, for divestment of up to 10% shareholding in Mahi Drugs, and raising fresh equity in Mahi Drugs, on a private placement basis.

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Aptus Value Housing Finance India 

ICRA has upgraded the company’s credit rating to ‘AA-‘ from ‘A+’ while reviewing the existing ratings.

Wipro 

The company has been positioned as a leader in the IDC MarketScape: Worldwide Smart Manufacturing Service Providers 2021 Vendor Assessment. The independent assessment analyses service providers supporting end-to-end smart manufacturing programs and transformation initiatives with consideration of worldwide service capabilities.