PRE-MARKET INDIAN STOCKS NEWS: Infosys (INFO IS) agreed to acquire Optimum Healthcare IT for USD 465mln and Stratus Global for USD 95mln
Aurobindo Pharma Ltd. (ARBP IS) Co. subsidiary CuraTeQ Biologics entered into a marketing and distribution agreement with STADA Arzneimittel AG. (Moneycontrol)
HFCL Ltd. (HFCL IS) Co. board approved setting up a preform manufacturing facility via its subsidiary with an investment of INR 5.80bln. (Moneycontrol)
Infosys Ltd. (INFO IS) Co. agreed to acquire Optimum Healthcare IT for USD 465mln and Stratus Global for USD 95mln. (Moneycontrol)
Life Insurance Corporation of India (LICI IS) Co. received an income tax demand order of INR 61.47bln and interest of INR 9.53bln for FY22. (Moneycontrol)
NHPC Ltd. (NHPC IS) Co. board approved a borrowing plan of up to INR 80.00bln for FY26-27 via bonds, loans or ECB. (Moneycontrol)
Ola Electric Mobility Ltd. (OLAELEC IS) Co. launched its EndICEAge campaign offering EVs from INR 49,999 with benefits of up to INR 50k valid until March 31 2026. (Moneycontrol)
Reliance Industries Ltd. (RIL IS) Co. rejected media reports alleging purchases of Iranian crude oil, calling them baseless and misleading. (Moneycontrol)
Energy - India's government cut additional excise duty on petrol to INR 3/litre from INR 13/litre, while it cut special additional excise duty on diesel to 0 from INR 10/litre. (Newswires)
Infosys' acquisition of Optimum Healthcare IT for $465 million and Stratus Global for $95 million signifies a strategic push into healthcare technology, enhancing its service offerings. This move could strengthen Infosys' competitive position in the IT consulting space and may also drive future revenue growth as it taps into the growing healthcare sector.