HCL Infosystems stock up 18% on distribution pact with Apple
HCL Infosystems shares on Tuesday surged 18% during intraday trade after the company said it'll distribute Apple products, including the iPhone, in the Indian market. HCL in July had said it was in discussions with Apple to distribute its products in India. Currently, Apple has distribution tie-ups with companies like Ingram Micro, Redington, Rashi Peripherals and Beetel Teletech in India.