Infosys will also establish a BPM service in ArcelorMittal European Business Centre of Excellence shared services centre.
The 30-share BSE index ended 1,128.08 points or 2.30 per cent higher at 50,136.58, and the broader NSE Nifty surged 337.80 points or 2.33 per cent to 14,845.10.
Infosys said it has recently been recognised as a Best Place to Work in Canada- Glassdoor Employees Choice Award.
The funds will be used for meeting the working capital requirements of the company to service its large order book, a release said on Tuesday.
After touching a lifetime high of 51,523.38 during the day, the 30-share BSE index ended 617.14 points or 1.22 per cent higher at its record closing peak of 51,348.77.
The 30-share BSE index ended 535.57 points or 1.13 per cent lower at 46,874.36.
"We are extremely delighted to achieve complete integration of all branches and delivery channels of erstwhile Andhra Bank and Corporation Bank ," the bank's managing director and CEO Rajkiran Rai G said in the release.
The MoU was signed at the 'Realizing the Vision of Digital Smart Grid in India' roundtable hosted by IntelliSmart on January 15, 2021
The rise in domestic indices came on the back of a positive trend in the global markets along with robust Q3 earnings.
Apart from HDFC duo, Tata Consultancy Services (TCS), Infosys, Kotak Mahindra Bank, ICICI Bank, and Bajaj Finance were other gainers
There were concerns that the pandemic might have an impact similar to the one seen during the 2008 financial crisis.
Reliance Industries Ltd (RIL), TCS, Hindustan Unilever Ltd (HUL), Infosys, Kotak Mahindra Bank and Bharti Airtel were the six winners on the top-10 chart
Meanwhile, the global oil benchmark Brent crude futures were trading 0.45 per cent lower at USD 50.68 per barrel.