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Karnataka Bank Q1 net down 46% to Rs 106 cr as treasury income dips

Mulls QIP for equity capital raise

WhatsApp to let users prioritise important chats, archive other messages

Archived chats will stay tucked away permanently, unless users choose to manually un-archive the conversation

Grofers enables 15-minute delivery for 7k households in Gurugram in one day

Grofers recently turned unicorn after it received $120 million funding from Zomato and others

Media processing company Gumlet raises $1.6 mn led by Sequoia's Surge

Gumlet helps developers resize and optimise their images and videos in accordance with the end user's device or browser

Axio raises $6 mn in Series B2 equity round led by TrueScale Capital

Axio Biosolutions Private Limited, India (Axio), a wholly-owned subsidiary of Boston-based Advamedica Inc is a developer of hemostatic and advanced wound care products

Trifecta Capital announces first close of late-stage venture capital fund

Existing investors of Trifecta Capital's venture debt funds have also made significant investments in this fund

KPIT Technologies Q1 net up 2.5 times YoY to Rs 60 cr, revenue up 15%

Firm silent on attrition rate during the quarter, though it does see it rising before stabilising

Moglix completes $3 mn ESOP buyback with 25% sale option for staffers

The company says it has expanded ESOP pool by $10 million to include more than 300 employees under the programme

Swift raises $2.2 mn in pre-Series A funding led by Kalaari Capital

Funds will be used to scale engineering efforts and simplify complex business workflows across checkout, payments and fulfilment

Only 12 of 332 ads related to Covid-19 pandemic found true, says Asci

The panel that tracked and verified the claims made by such advertisements included microbiologists.

Veera Health raises $3mn in funding led by Surge, Global Founders Capital

Digital health startup for women offers nutrition therapy, lifestyle coaching and doctor support.

IFC lends $250 million to HDFC Ltd to boost green housing finance

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.

Majesco to acquire 51% stake in Pune-based K2V2 for Rs 40 crore

Real estate developer Aurum Ventures has acquired majority stake in Majesco earlier this year

Max Bupa rebrands itself as Niva Bupa, stops using 'Max' brand name

Max India, which owned 51 per cent in the insurer sold its stake to True North in February 2019 for Rs 510 crore

Anil Ambani's numbers added to Pegasus hacked phone list, says report

The report said the mere presence of a number on this list does not imply the smartphone connected to Anil Ambani's phone was successfully snooped upon

Top headlines: Zomato market debut on Friday; RBI to launch digital rupee

Business Standard brings you the top news stories of the evening

Biz2X launches API-based loan management system to speed up loan cycle

The solution minimises human error, offers customer detailed portfolio on a single click and helps him achieve cost savings

Paytm's gross merchant volume growing at over 100% in a year: DRHP

In Q1FY22, Paytm's GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year

Real estate industry to grow five-fold to $1 trn by 2030: Housing Secy

Durga Shanker Mishra says that in line with PM's vision of 'Housing for All by 2022', some 11.2 mn houses have been sanctioned and 5 mn have already been allotted

TCS renews sponsorship of New York Road Runner for eight years

To invest $30-40 mn annually in global running sponsorships & related community programmes