Stock News: MindTree, Tata Elxsi, Infosys and More Stocks in the News Today | Company

SGX Nifty trends indicate a negative opening for the broader Indian markets. Shares in the Asian market fell on Thursday. Even U.S. stocks closed slightly lower on Wednesday after investors digested warmer-than-expected U.S. inflation data, fueling fears the Federal Reserve could raise key interest rates to as high as 100. basis points later this month.
Actions in the news
Business Results Today: Larsen & Toubro Infotech, Tata Elxsi, ACCTata Steel Long Products, GTPL Hathway are among the companies to announce their results today.
Mindtree: The IT company’s net profit for the June quarter rose 37.3% from a year ago to Rs 471.6 crore, driven by improved operational efficiency, increased usage and revenue growth.
Infosys: The computer science major has signed a definitive agreement to acquire Danish company BASE life science, a leading technology and consulting company in the life science industry, for up to $111 million.
HDFC: The mortgage major will launch a bond issue on Friday based on a private placement to raise up to Rs 5,000 crore. The secured callable non-convertible debentures (NCD) will bear interest at the rate of 7.77%, payable annually and have a term of 4 years 11 months and 10 days.
Dabur India: Major FMCG, through its subsidiaries, has acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for around Rs 51 crore.
Tata Power: The company’s wholly-owned subsidiary, TP Saurya, has been awarded the “letter of award” by Solar Energy Corporation of India for the establishment of a hybrid energy project (wind and solar) of 600 MW in Karnataka.
JSW Energy: The company said its subsidiary JSW Neo Energy has bagged a 300 MW wind power project from Solar Energy Corporation of India. It received the letter of award for a total wind capacity of 300 MW from Solar Energy Corporation of India Limited.
Hindustan Zinc: The Vedanta group company said its board had approved an interim dividend of Rs 21 per share for 2022-2023, amounting to Rs 8,873.17 crore.
Zydus Wellness: Pioneer Investment Fund has offloaded 8.07 lakh shares of the consumer wellness company for Rs 124 crore through an open market transaction amounting to 1.27% stake in the company .
Sanofi India: The company said the July 26 board meeting will consider declaring a one-time special interim dividend for the year ending December 31, 2022. The record date for the interim dividend has was set for August 8.
With agency contributions