TCS- a leading global IT services, consulting and business solutions organization, achieved the CIO100 Special Award for Business Transformers, for progressive initiatives that leverage next-gen technology to reimagine its business. TCS was recognized for its Secure Borderless Workspaces Operating Model, Digital Talent Platform and AI-led Solution for Timely Financial Book Closure.

Compucom Software Limited achieved a Letter of Acceptance for providing Satellite Educational Service as per Govt. Syllabus and Supply of related items in 303 Government Schools for integrated Scheme for Computer Education and information & communication Technology @ Schools (Phase-V) on BOOT basis from RCSE worth ~Rs10.79cr over 27 Months.

Massive buying in IT and metal stocks lifted the benchmark equity indices to fresh highs on Monday after the Indian drug regulator approved two Covid-19 vaccines for emergency use. IT stocks rallied ahead of December quarter earnings, while metals stocks received a thrust after producers said their December output was the highest in recent times.

Majority of lenders of Bharat Gears Limited in the joint meeting held on December 31, 2020, decided to invoke one-time restructuring (OTR) in respect of the company for its term loans availed from KKR India Financial Services Limited. The company had requested to KKR for OTR of scheduled loan repayment obligations and deferment of interest for the facilities availed by the company from KKR.

US based Biofuels Digest has announced that Praj Industries of India is ranked 2nd in a list of world's 50 Hottest companies in global bioeconomy for 2021 in Low Carbon Fuels and Renewable Chemicals category. This list represents companies that have made outstanding contribution to bioeconomy by developing and deploying sustainable decarbonization solutions using innovative technologies.

Cotton futures traded firm at Rs 21,120 per bale on January 4 after hitting a fresh high for the January series of Rs 21,150 during the day on the MCX. It jumped nearly 1% last week to settle at Rs 20,750 per bale on the MCX. The forecasts of good export due to attractive Indian cotton prices and falling inventories in the world market are likely to provide strong support near current levels.

Marico said the quarter ended December saw faster than expected recovery in consumer sentiment in India, aided by the festival season and a declining Covid-19 graph. Indian business posted a double-digit volume growth while revenue growth was at par with volume expansion. The company further added that they witnessed strong performance across its portfolio in rural and urban markets.

Amid the decline in the number of coronavirus cases, the Tamil Nadu government on January 4 gave permission to cinemas, theatres, and multiplexes in the state to increase the seating capacity from existing 50% to 100% following COVID-19 protocols. However, in order to create awareness among the spectators, the precautionary measures for Covid-19 shall also be screened during the showtime.

The Indian pharmaceutical industry is likely to touch nearly 20% growth in exports. Despite recording growth in single digits after the months following the lockdown, the outlook for 2021-2022 is expected to be robust on the back of vaccines. Since India has large capacities to manufacture vaccines, it may have around 15% share by the number of doses of the COVID vaccine market globally.

Shares of TCS surged 4% to a new high of ₹3042 on expectations that IT companies will post good quarterly numbers. TCS will announce its Q3 earnings later this month. "We expect Q3FY21 to continue to surprise, driving guidance upgrades by IT companies and estimate revisions by Street alike. In fact, we argue Indian IT companies are poised to turn in the best Q3 in a decade given" Edelweiss Report.

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Freecharge Co-founder Kunal Shah’s credit card bill payment app CRED has completed its first ESOP buyback programme from existing and former employees. The buyback was initiated during its $81 million Series C round of funding raised back in November 2020, from its existing investors DST Global, which had led the round, along with Sequoia Capital, Ribbit Capital, and Tiger Global among others.

Amid falling stakes back home, Japan's beer maker Kirin Holdings is planning to invest $30 million in the maker of Bira 91, a popular Indian craft beer with bottles sporting sketches of a quirky monkey with a punk hairdo, the companies said on January 4. The Japanese brewer plans to acquire a stake of under 10% in B9 Beverages, founded and led by New Delhi-based entrepreneur Ankur Jain.

Alibaba Group founder Jack Ma, who has been under China government's scrutiny since the abrupt suspension of Ant's blockbuster $37 billion IPO in Shanghai and Hong Kong has not been seen in public for more than two months, according to some media reports. Reports suggest that Jack Ma did not even show up for the final episode of his own talent show, Africa's Business Heroes in November.

Speciality chemical company Alkyl Amines communicated to the BSE that its board will meet on 2nd February to consider approve December quarter results and stock split. The board will also consider the declaration of interim dividend, if any, and the proposal to set up new projects including Amines. The company is a supplier of amines and amine-based chemicals to the pharmaceutical industries.