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Spandana Sphoorty posts loss of Rs 58.8 crore for September quarter

It had posted a net profit of Rs 62.95 crore in Q2FY21

LML names Partha Choudhary COO amid plans to disrupt EV market

E-mobility expert Choudhary held top positions at Hero Motors and Yamaha and has contributed significantly to LML as Sales & Marketing Head between 2006-2017

CCI to complete its investigation into Google Play Store probe in 60 days

Google had filed a writ in Karnataka HC on Dec 27 seeking time to respond to CCI queries on the use of Google's Play Store payment system for in-app purchases and paid apps

Hiring intent can rise 9 percentage points in Q4FY22 if no curbs: TeamLease

Out of the 21 sectors reviewed, around 7 can record a growth of more than 10 percentage points in their intent to hire, making the current quarter a good time for talent.

Irdai issues guidelines for promoting, regulating surety insurance business

Surety bonds protect the beneficiary against acts or events that impair the underlying obligations of the principal

TVS Motor appoints Venkat Viswanathan as advisor for electric mobility biz

Viswanathan is currently an associate professor of Mechanical Engineering at Carnegie Mellon University and is a global leader in advanced batteries for electric mobility.

IL&FS Group sells stake in ONGC Tripura to GAIL for Rs 319 crore

The 26 per cent stake that IL&FS had in OTPC has been valuated at Rs 1,227 crore for this transaction

South Indian Bank wins UiPath Automation award for work on robotics

Award was bestowed upon for bank's exceptional use of robotic process automation capabilities under crisis for solving severe operational constraints and ensuring business continuity

Cross-border B2B e-commerce player Geniemode raises $7 mn in series A round

Funding led by Info Edge Ventures; Geniemode works with over 100 suppliers from India, Bangladesh, Pakistan and Sri Lanka to cater to diverse markets in US, LatAm, UK, EU and Australia

Social commerce industry to touch $1.2 trn by 2025 globally: Accenture

Just under two thirds of social media users surveyed said they made a social commerce purchase in the last year, which Accenture estimates to reflect nearly 2 bn social buyers globally

Innoviti raises Rs 80 cr in first close of its Series D fund round

Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a plan for a listing in the next two to three years.

Alternative credit platform BlackSoil raises Rs 70 cr through NCDs for NBFC

BlackSoil Capital is an RBI-registered, non-deposit taking NBFC that predominantly operates in the venture debt space

Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest

Price band Rs 443-453 per share. At the top-end, company is valued at about 22x it FY21 earnings and will have a market cap of Rs 3,000 cr

Bewakoof expands its fashion category with launch of streetwear collection

The expansion of categories is part of the company's goal to reach Rs 2,000 crore in revenue by 2025

CollegeDekho closes $35mn Series B round led by Winter Capital, ETS

Firm will boost investment in products and tech while growing new verticals like Ed-Fin-Tech, student accommodation and coaching for higher education

Mahindra PV sales up 8% amid chip crunch, tractors drop 17% in November

Firm says demand remains strong across product portfolio; momentum in exports continues with 90% growth

Dentist, CAs among five independent directors appointed by Bharat Petroleum

They have been inducted on to the company's board effective November 12, will hold office for three years

Hyundai India's November sales dip 24.2% YoY on semiconductor shortage

The company's exports during the month also dropped 4.7 per cent year-on-year to 9909 units, it said.