HCL Tech is currently working with industry bodies to see how quickly its 1.59 lakh employees and their families can get vaccinated, said VV Apparao, Chief Human Resources Officer. The company is working with IT industry body NASSCOM and the Confederation of Indian Industry on getting its employees vaccinated. However, they are waiting for guidelines from the government on this matter.

Strides Pharma Science on Monday confirmed the USFDA approval to market generic Ursodiol capsules, used in the treatment of Primary Biliary Cirrhosis (PBC), in the American market. The company's step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd, Singapore, has received approval for Ursodiol capsules in 300 mg strength.

As India witnesses more and more game developers going mainstream, along with a thrust on creating a new gaming ecosystem in the country, the British Academy of Film and Television Arts (BAFTA) has taken up the cudgels to find and nurture talent in the field of gaming. The online gaming industry in India is expected to add 40 million online gamers during the 2020-22 period.

China's Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate. This move could suggest Huawei's eventual exit from the high-end smartphone-making business. These two brands contributed nearly 40% to Huawei's total sales over the third quarter of 2020. Huawei's latest plan to exit the high-end mobile brands is motivated by insufficient chip supplies.

India’s decorative paints industry is a lucrative ground for players wanting to challenge the hegemony of Asian Paints. Many have come and failed as they were unable to get past Asian Paints’ unmatched distribution. However, things are different now as the Grasim said on Friday that it will commit more than Rs. 5,000 crore in capital to establish itself as the second-largest player in the market.

The Rs 1,154 cr HFFC IPO focussing on affordable home loans has been subscribed 5 times so far on January 25- the final day of bidding. The issue has an average ticket size of Rs 10.1 lakh. It received bids for 7.8 cr equity shares against offer size of 1.56 crore shares. The public issue comprises of an offer for sale of Rs 889 cr by the promoter and investors, and fresh issue of Rs 265 cr.

Grasim Industries' stock climbed a 52-week high of Rs 1,094.80 on January 25 after the company entered paints business. The company board at its meeting held on January 22 approved entering in paints as a new line of business and subject to the approval of the shareholders. It will help the company add size, scale and diversity its existing business portfolio.

UCO Bank on Monday announced a net profit of Rs 35.44 crore for the Q3 2020, due to lower provisioning for bad loans. The Kolkata-based bank had reported a net loss of Rs 960.17 crore during the October-December period of the previous fiscal year. Total income, however, fell marginally to Rs 4,466.97 crore in the Q3 of the current fiscal.

The Stove Kraft IPO has been subscribed 49% on January 25, the first day of bidding. The issue received bids for 28.54 lakh equity shares against offer size of 58.94 lakh shares. The offer size has been reduced after the company raised Rs 185 crore from anchor investors last Friday, a day before the issue opening. The IPO reservation for retail in Stove Kraft is only 10% against 35%.

United Spirits Ltd on Saturday entered into a definitive agreement to sell its entire shareholding in its non-operative subsidiary– Tern Distilleries Private Ltd for Rs 30 crore. The company wants to monetise its non-core assets. Upon completion of the agreement of sale, Tern Distilleries will cease to be a subsidiary of the company.

KIKO TV has bagged an undisclosed amount in its Pre-Series A funding round led by the US venture capital fund SOSV. The startup will be shortly graduating from SOSV's Mobile Only Accelerator (MOX) programme. Recently the start-up also raised their seed round from 9Unicorns. The funding will be used to accelerate the product roadmap and increase adoption.

Reliance Jio is in advanced talks with original equipment manufacturer (OEMs) and tech companies to launch its internet of things (IoT) services business in India. It has partnered with South Korean brand Samsung to create a pan-India narrowband IoT-technology-based network. Reliance has also started advance tests to prepare the 5G and high-speed network.

Yes Bank's board has approved a fundraising plan to the tune of Rs10,000cr in one or more tranches. The board decided it while announcing (Q3FY21) result. The private lender now seeks shareholders’ approval (by way of a special resolution) about the raising of funds through a postal ballot. In its Q3FY21, Yes Bank recorded a net profit of Rs151cr compared to net losses of Rs18,560cr a year ago.

Godrej Housing Finance is eyeing to raise 500-1,500 crore in 2021-22 to meet its expansion plans. It wants to start the first round of fundraising in the quarter starting April. The mortgage lender is looking at a mix of bank, non-convertible debentures and short-term commercial paper (CP) borrowing. It plans to have only 10-20 per cent of short-term CP money in its total funding mix.

HDFC Life Insurance Company Limited announced a Profit After Tax (PAT) of Rs 1,042 cr, with the growth of 6% compared Rs984cr for the nine months ended December 31, 2020. Net worth in 9MFY21 was at Rs8,089cr, an increase of 21% YoY compared to Rs6.670cr in 9MFY20. Total Premium in 9MFY21 was at Rs25.673cr, a 16% rise compared to Rs22.092cr in 9MFY20.