JB Chemicals & Pharmaceuticals Ltd (JBCL) announced its Q2FY21 results on Tuesday after the market hours.The company’s domestic formulations & international businesses have maintained positive momentum.

Tata Consultancy Services (TCS) and Deutsche Bank AG on Monday evening after the market hours announced an agreement, under which, TCS will acquire 100 per cent of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG.

Dr Lal PathLabs announced its financial results for quarter ending September 2020 today. Non-COVID business was back to 98 per cent of last year levels in Q2FY21. Revenue increased in Q2FY21 by 18.2 per cent to Rs 431.9 crore from Rs 365 crore last year during the same quarter.

Alembic Pharmaceuticals Limited announced during the first half of the trading session (at around 10 am to be specific) that it has received tentative approval from United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Palbociclib capsules, 75 mg, 100 mg, and 125 mg. 

Firstsource Solutions Limited today announced that it has partnered with Uniphore, the global leader in conversational service automation to utilise its platform as an important component to Firstsource’s Digitally Empowered Contact Center (DECC).

Tata Consultancy Services (TCS) today announced its partnership with B3i Services AG to design, develop & launch ecosystem innovations based on distributed ledger technology (DLT) for the insurance industry.

Titan Company Limited reported its Q2FY21 results on Wednesday. The main revenue contributor of the company is its jewellery segment. Hence, the streets always give heavy weightage for this segment’s performance. Its jewellery segment saw a reduction of 2.31 per cent in revenue from Rs 3,528 crore in Q2FY20 to Rs 3,446 crore this year. These numbers are excluding the bullion sales of Rs 391 crore.

Cochin Shipyard Limited (CSL) announced on Tuesday after the market hours that it has signed a memorandum of understanding (MoU) with Fincantieri, one of the world’s largest shipbuilding groups.

Tata Consultancy Services (TCS) announced today that Volt has partnered with TCS to power Volt 2.0, its next-generation banking as a service (BaaS) platform. Volt is Australia's first neobank

Alembic Pharmaceuticals Limited announced that it has received the final approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Timolol Maleate ophthalmic gel-forming solution, 0.25 per cent and 0.5 per cent.

Bajaj Auto announced its quarterly results for Q2FY21 on October 22, 2020. The total volumes stood at 10,53,337 units, showing a decrease of 10 per cent YoY.

Tech Mahindra announced on Thursday after the market hours that its wholly-owned subsidiary Tech Mahindra (Americas), Inc. has agreed to acquire 6.03 per cent equity shares in VitalTech Holdings, Inc. It also has an additional option to acquire additional equity of up to 8 per cent until January 2021.

Motherson Sumi Systems Limited (MSSL) via its Mexican subsidiary, Motherson Rolling Stocks S de RL de CV (MRS), has signed an asset sale and purchase agreement to acquire the electrical wiring interconnection systems (EWIS) business of Bombardier Transportation, Mexico (BT Ensambles México).

Zensar Technologies Ltd announced on Monday after the market hours that it has entered into an agreement to divest its global third-party maintenance (TPM) business with Service Express LLC.

Zydus Cadila today announced that it has received tentative approval from USFDA to market Tofacitinib extended-release tablets, 11 mg (US RLD: Xeljanz XR® tablets).

Philips Carbon Black Limited (PCBL) reported its September quarter results today.Profit before tax for the company stood at Rs 72.47 crore in Q2FY21, which is 28.9 per cent lesser than the corresponding quarter last year. Profit after tax for Q2FY21 stood at Rs 57.55 crore, showing a YoY decrease of 25 per cent

We compared the performances of two indices namely, S&P 500 and S&P BSE 500. For this, we have taken their closing values to determine the returns from the beginning of 2020 to September 30, 2020, i.e. of almost nine months.

Hence, we analysed how much of BSE 500 universe is pledged, or has the promoter pledging increased or decreased as a trend? Here are the results of our analysis:

September results season has begun now with companies posting good recovery in numbers. However, to put it in perspective, let's recap June's quarterly earnings of Nifty 50 companies and compare it with their earnings last year’s same quarter to get an idea of how much effect the pandemic and GDP had on the June quarter.

Reliance Industries’ weightage in the index has grown from around 5 per cent in September 2016 to nearly 14.90 per cent in September 2020. Whereas, the leader in 2016 i.e. HDFC Bank, which had a weightage of around 8 per cent in FY16, has more or less maintained its weightage of 8 per cent to 9 per cent.

BABB, the blockchain banking & fundraising challenger, partners with Cigniti Technologies to leverage its quality engineering expertise.

Cipla Limited today announced that it has received final approval for its abbreviated new drug application (ANDA) for Dimethyl Fumarate DR Capsules 120mg, 240mg, and 120mg/240mg starter pack from United States Food & Drug Administration (USFDA).

Tata Elxsi, a global design and technology services company, announced the opening of a Global Engineering Centre (GEC) with Schaeffler Technologies AG & Co. KG, a world leader in providing mechatronics solutions for the transportation industry. Schaeffler Group is a global supplier to the automotive and industrial sectors.

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced today that the global investment firm KKR will invest Rs 5,550 crore into RRVL, a subsidiary of Reliance Industries.

Sun Pharma Advanced Research Company Ltd (SPARC) today announced the grant of an exclusive license to Tripoint Therapeutics LLC, USA (Tripoint) to commercialise ElepsiaTM XR 1,000 mg and ElepsiaTM XR 1,500 mg tablets in the USA.

Tata Consultancy Services (TCS) announced that it has partnered with Phoenix Group, the UK’s largest long-term savings and retirement business, to launch an enhanced client analytics tool for workplace pension clients of its Standard Life Assurance Limited business.

The metallurgical and material handling business of L&T Construction has secured an order from Northern Coalfields Limited, a subsidiary of Coal India Limited (CIL).

HCL Technologies (HCL) & Google Cloud made an announcement on Wednesday regarding the expansion of their strategic partnership to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud.  

HCL Technologies (HCL) & Google Cloud made an announcement on Wednesday regarding the expansion of their strategic partnership to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud.  

Zydus Cadila has received final approval from USFDA to market Doxorubicin Hydrochloride Liposome injection in the strengths of 20 mg/10 ml (2 mg/ml) and 50 mg/25 ml (2 mg/ml) single-dose vials.

Zydus Cadila has received final approval from USFDA to market Doxorubicin Hydrochloride Liposome injection in the strengths of 20 mg/10 ml (2 mg/ml) and 50 mg/25 ml (2 mg/ml) single-dose vials.

ICICI Prudential Life Insurance informed today that it has entered into a corporate agency agreement with NSDL Payments Bank, a subsidiary of NSDL, the largest depository of India. Post this announcement, the stock of ICICI Prudential Life Insurance was seen trading at Rs 447.20, up by 2.95 per cent at 12.44 pm. 

Dr Reddy’s Laboratories Ltd announced the launch of Remdesivir along with its subsidiaries on Wednesday. The product is being launched under the brand name of Redyx in India. Additionally, it also announced the launch of over-the-counter (OTC) Diclofenac Sodium Topical Gel 1 per cent, the store brand version of Voltaren® Arthritis Pain in the US market.

Vodafone Idea Limited informed on Monday that after almost two years of merging as a single entity, it will now also have a single brand name. The company has announced the new brand to be called ‘Vi’ (read as ‘we’). The company believes that this integration of two brands is the largest telecom integration in the world.

Alembic Pharmaceuticals Limited announced on Monday that its wholly-owned subsidiary, Alembic Global Holding SA has received tentative approval from the United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Treprostinil Injection, 20 mg/20 ml (1 mg/ml), 50 mg/20 ml (2.5 mg/ml), 100 mg/20 ml (5 mg/ml), and 200 mg/20 ml (10 mg/ml), multiple-dose vials.

Alembic Pharmaceuticals Limited announced on Monday that its wholly-owned subsidiary, Alembic Global Holding SA has received tentative approval from the United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Treprostinil Injection, 20 mg/20 ml (1 mg/ml), 50 mg/20 ml (2.5 mg/ml), 100 mg/20 ml (5 mg/ml), and 200 mg/20 ml (10 mg/ml), multiple-dose vials.

Alembic Pharmaceuticals Limited announced on Monday that its wholly-owned subsidiary, Alembic Global Holding SA has received tentative approval from the United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) Treprostinil Injection, 20 mg/20 ml (1 mg/ml), 50 mg/20 ml (2.5 mg/ml), 100 mg/20 ml (5 mg/ml), and 200 mg/20 ml (10 mg/ml), multiple-dose vials.

Strides Pharma Science Limited (Strides) announced on Thursday that its step-down wholly-owned subsidiary, Strides Pharma Global Pte Limited (Singapore) has received approval for Prednisone tablets USP, 1 mg from United States Food & Drug Administration (USFDA). The product is a generic version of Meticorten tablets, 1 mg of Schering Corporation.

Embassy Office Parks REIT, India’s first listed REIT and the largest in Asia by area, announced on Thursday that REIT will be included in FTSE EPRA Nareit Global Emerging Index with effect from September 21, 2020.

Hexaware Technologies Limited announced that it has partnered with ICT Academy, a not-for-profit organisation, to train 500 final year students from rural colleges in Tamil Nadu, Puducherry, Andhra Pradesh, Maharashtra, and Telangana, on technical and soft skills relevant for the IT Industry.

Mindtree Limited on Tuesday announced that it has partnered with Mölnlycke to provide SAP application development and maintenance along with cloud operations.

Parag Milk Foods Limited, a dairy FMCG company, launched Pride of Cows ‘single-origin ghee’ on Monday. Famous for brands like ‘Gowardhan’, ‘Go’, ‘Pride of Cows’, and ‘Avvatar’, the single-origin ghee is procured from Pride of Cows milk, the first-of-its-kind farm-to-home milk.

We analysed the last one year's returns of Nifty as an index and its constituents too in the last one year, starting from August 27, 2019, till August 27, 2020. Over this period, Nifty gave an absolute return of a mere 4.09 per cent. Surprisingly, there was enough disparity in Nifty constituents with regard to the returns they gave individually.

Dr Reddy’s Laboratories Ltd announced the launch of Penicillamine capsules USP, 250 mg, a therapeutic equivalent generic version of Cuprimine (Penicillamine) capsules, 250 mg, approved by United States Food & Drug Administration (USFDA) on Thursday.

Infosys on Wednesday announced the launch of AI-driven ‘cognitive email workbench’ solution that gives enterprises an ability to augment query management and scale their helpdesk operations

KNR Constructions Limited has won an order worth Rs 1,157 crore (including GST) by Highways Department of Government of Tamil Nadu.

Lupin Limited and Mylan NV announced the launch of Nepexto, biosimilar etanercept, in the German market.

Infosys Ltd launched Infosys Cobalt, a set of services, solutions, & platforms that acts as a force multiplier for cloud-powered enterprise transformation on Thursday.

Cipla Limited announced on Thursday that its partner, Stempeutics Research Pvt Ltd has received regulatory approval by Drug Controller General of India (DCGI) for the launch of Stempeucel® in India.

Indian Energy Exchange announced on Wednesday that it has received approval from Central Electricity Regulatory Commission, to launch the green term-ahead market (G-TAM) on its platform.

The joint venture of Hindustan Construction Company (HCC) and Dilip Buildcon Limited (DBL) has been awarded a contract worth Rs 1,335 crore by Rail Vikas Nigam Limited (RVNL).

Dr Reddy’s Laboratories informed on Wednesday that the company has launched AVIGAN® (Favipiravir) 200 mg tablets in India.

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Vitalic Health Pvt Ltd (Vitalic) and its subsidiaries for a cash consideration of Rs 620 crore.

Nucleus Software Exports Limited announced on Tuesday that it will power digital lending transformation at India’s leading non-banking financial company (NBFC), Muthoot Fincorp Limited.

Nucleus Software provides lending and transaction banking solutions to the global financial services industry. It has clients in over 50 countries.

One of the largest amusement park chains in India, Wonderla Holidays Limited (WHL) announced on Thursday that the company is all set to launch its second ‘Wonder Kitchen’ outlet in Bangalore at Rajarajeshwari Nagar, popularly known as RR Nagar.

Aleor Dermaceuticals Limited, a joint venture of Alembic Pharmaceuticals Limited, has received tentative approval from United States Food & Drug Administration (USFDA) for its abbreviated new drug application -Tavaborole Topical Solution.

Affle has entered into a definitive share subscription agreement as well as into shareholders’ agreement to acquire 8.0 per cent ownership in Talent Unlimited Online Services Private Limited (Bobble AI) incorporated in India.

CRISIL has reaffirmed its 'CRISIL A1+' rating on the commercial paper programme of Jubilant FoodWorks Limited. The rating continues to reflect an established market position in the quick-service restaurant (QSR) segment, healthy operating efficiency driven by a robust supply-chain network, and a strong financial risk profile.

Prince Pipes and Fittings Limited (PPFL), one of India’s largest integrated piping solutions & multi polymer manufacturers, announced that the company has entered into a technical collaboration with Tooling Holland BV, a global leader in the international plastic injection moulding industry based in the Netherlands.

Lupin Limited announced on Thursday that it has received approval from United States Food and Drug Administration (USFDA) for Mycophenolate Mofetil tablets USP, 500 mg, to market a generic version of CellCept® tablets of Roche Palo Alto LLC (Roche) in alliance with Concord Biotech Limited.

On Tuesday, L&T Technology Services Limited announced that it has expanded its collaboration with Microsoft Corporation and launched the latest & enhanced version of the state-of-the-art i-BEMS™ solution on Microsoft Azure in order to transform buildings into future-ready smart campuses.

Wockhardt, the global pharmaceutical and biotechnology major, on Monday, announced that it has entered into an agreement with the UK Government to fill-finish COVID-19 vaccines.

ABB India has opened a new robotic facility in Bengaluru. ABB Nelamangala factory premises in Bengaluru would enable the company to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food and beverage, electronics, and other upcoming sectors.

Tata Consultancy Services (TCS) has expanded partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth.

The board of directors of HT Media Limited at its meeting held on July 28, 2020, has approved investment in Mosaic Media Ventures Private Limited.

SBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) on Tuesday launched IRCTC SBI Card on RuPay platform.The new card has been designed to reward frequent railway passengers. It also offers savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.

Wipro Limited announced on Tuesday that it has selected Google Cloud as the cloud provider for its enterprise-wide SAP footprint. This engagement will bring SAP applications and workloads to the cloud to support Wipro’s 1,80,000 employees. This latest collaboration solidifies the strategic relationship between the companies as they roll out two major initiatives across Wipro’s global organisation

Due to COVID-19 restrictions, the experiences of work, technical skills training, and Engineering Development Trust (EDT) programmes have become inaccessible for many students. To address this gap, EDT has adapted the online version of its summer programmes by leveraging TCS iON platform.

The revenue from operations of Asian Paints has decreased by 42.7 per cent to Rs 2,922.66 crore from Rs 5,104.72 crore on a consolidated basis for the quarter ended June 30, 2020. The paints segment, which contributes the majority part of this revenue, saw a decrease of 42.56 per cent to Rs 2,870 crore from Rs 4,996 crore last year.

A swiss-Swedish multinational corporation, ABB, will deliver the largest automation projects in the Indian agrochemical industry for Deccan Fine Chemicals, a leading chemical manufacturer in India.

India’s leading integrated travel services company, Thomas Cook (India) Limited and its Group Company, SOTC Travel Ltd, have partnered with ICMR accredited medical centres pan India, becoming the first travel service providers to offer seamless, end-to-end COVID-negative certification services.

Infosys Limited announced that the company has entered into a strategic long-term partnership with Lanxess, a leading speciality chemicals company, headquartered in Germany. Reacting to this news, the stock of Infosys Ltd jumped 4.31 per cent at 3.30 pm on Monday.

Indian multinational information and outsourcing company, Mindtree on Monday, announced that it has been commissioned by Husqvarna Group to provide DevOps-centric SAP services to help drive the company’s digital transformation initiatives.

The joint venture of Hindustan Construction Company (HCC) and Dilip Buildcon has won a contract worth Rs 1,900 crore by National Highways Authority of India (NHAI).

Majesco, a provider of cloud insurance platform software, announced a new product portal, which will provide customers fast and easy access to robust product information and insight to product roadmaps and future of insurance technologies.

Zensar Technologies acquired company-Foolproof announced the launch of Infinity CRO, a conversion rate optimisation product focussed on helping businesses improve their digital real estate, focus marketing spend and make significant returns on digital.

Avenue Supermarts Ltd (ASL) declared its standalone and consolidated financial results for the quarter ended June 30, 2020. The total revenue for Q1FY21 stood at Rs 3,883 crore, as against Rs 5,815 crore in Q1FY20, showing a decrease of around 33 per cent.

Old National Bancorp, the largest financial services bank holding company headquartered in Indiana, announced a strategic partnership with Infosys.

Hexaware Technologies Ltd, on Thursday, announced the launch of COCO, the Unified Teams bot built for Microsoft Teams on Microsoft AppSource, an online cloud marketplace providing tailored line-of-business solutions.

As the gradual unlocking of India takes place, Phoenix Mills Ltd announced the opening of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Lupin Pharmaceuticals Inc. is voluntarily recalling all batches of Metformin Hydrochloride extended-release tablets USP, 500 mg and 1,000 mg to the consumer level.

Larsen & Toubro Infotech has launched LTI Canvas, a modern software engineering platform that addresses the critical need for enabling work from anywhere.

The board of directors of eClerx Services Ltd at its meeting held on July 6, 2020, approved the buyback of the company's equity shares for an aggregate amount not exceeding Rs 109.5 crore

CRISIL has reaffirmed its ‘CRISIL AAA/stable/CRISIL A1+’ ratings on the bank facilities of Titan Company Limited (Titan) and withdrew its rating on the commercial paper on the receipt of request from the company. The withdrawal of rating is in line with CRISIL's withdrawal policy.

Equitas Small Finance Bank Limited launched a video KYC account on Friday. It is a web application designed to conduct a remote verification process through a video call.

Tata Motors Limited announced its sales in the domestic and international market, for Q1FY21, which stood at 25,047 vehicles, as compared to 1,37,545 units during Q1FY20.  

Larsen & Toubro has flagged-off the final assembly of Cryostat, the largest stainless steel, high-vacuum pressure chamber in the world.Cryostat assembly, which is also referred to as the Top Lid, is to be installed with other Cryostat segments for International Thermonuclear Experimental Reactor (ITER) in a reactor pit in southern France.

Vakrangee Limited (VL) has entered into a partnership arrangement with Union Bank of India (UBI) to provide loan facilities for Pan India Nextgen Vakrangee Kendra franchisees. Both new and existing franchisees would be eligible to avail loans from UBI. The bank is offering a special product for Vakrangee Kendra franchisee under Union Mudra Scheme.

Camlin Fine Sciences (CFS) Ltd in its board meeting approved the raising of funds of up to Rs 180 crore (USD23.8 million) from Infinity Holdings and its affiliated entities.

Info Edge (India) Limited announced today that IE Venture Fund I has entered into an agreement to invest about Rs 3.5 crore in Rusk Media Private Limited .

Larsen & Toubro Infotech (LTI) today announced an ‘accelerated migration program’ for the customers of SAP with Amazon Web Services (AWS).

Cipla Limited today announced the launch of Remdesivir under its brand name CIPREMI. United States Food and Drug Administration (USFDA) issued an emergency use authorisation (EUA) to Gilead Sciences Inc. for emergency use of the drug for the treatment of COVID-19 patients.

Biocon Ltd today announced that Biocon’s subsidiary, Biocon Pharma Limited and DKSH Business Unit Healthcare, have signed an agreement under which DKSH will sell and distribute seven of Biocon Pharma’s generic formulations in Singapore and Thailand.

BEML Limited, a premier manufacturer of metro cars in India as well as Schedule A company under Ministry of Defence, has flagged off last train set for Kolkata Metro (East-West) project from its metro coach factory at Bangalore Complex.  

Tata Consultancy Services (TCS) has been named a leader in Everest Group-PEAK Matrix® for IoT services for the second consecutive year. In addition to this, it was also named a star performer for top quartile year-on-year improvement in its scores.

Larsen and Toubro Infotech has introduced LTI SafeRadius, a general data protection regulation (GDPR)-compliant return-to-work app to ensure workforce well-being as well as to enhance operational efficiency as employees return to work in a phased manner across industries.

Wipro Limited made an announcement today about the launch of its Digital Inspection Solution for enhanced workplace safety and experience. The solution is powered by IBM's integrated workplace management system (IWMS) IBM® TRIRIGA® and complements Wipro's present EngineeringNXT portfolio in the digital transformation of business operations.

Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, have informed the bourses of an investment of Rs 1,894.50 crore by L Catterton, giving it a 0.39 per cent equity stake in Jio Platforms on a fully diluted basis.

Market indices such as Nifty and Sensex have been used as a barometer to measure the overall market performance in India for years now. But as we have witnessed from our own experiences, not only are the markets dynamic but so are the indices used to measure them. The sectors driving the market keep changing over different time periods. Different sectors perform differently in varying market conditions, thereby resulting in erratic stock performances. This also causes continuous changes in the weightage of various sectors in indices like Nifty that are free-float market capitalisation indices.

On June 09, 2020, Cipla Limited signed agreements to acquire shares signifying a stake of 21.85 per cent in GoApptiv Private Limited on a fully diluted basis.