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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

D2C personal care brand Beco raises Rs 4 cr seed led by Climate Angels Fund

With the added capital support, Beco aims to quadruple sales and encourage consumers to switch to sustainable living through their eco-friendly product range

Instagram launches new collaborative feature for Reels in India and UK

The feature enables two users to jointly content with each of their followers

Vegan lifestyle brand Zouk raises $1.5mn in pre-series A led by Stellaris

Having gained 50,000-plus customers with a 4x growth in the past seven months, Zouk aims to double its consumer base every six months for the next 5 years

Bharat Biotech's Bengaluru unit has overcome glitches, says V K Paul

Bharat Biotech is hoping to manufacture 1 billion doses per annum by the end of this year.

Covid-19: Open primary schools first, suggests ICMR's Balram Bhargava

Many countries, especially Scandinavian nations, did not shut down their primary schools through all waves of Covid: Bhargava

World Coronavirus dispatch: Delta variant accounts for 83% of US cases

UK suffers worst death toll in months, Delta variant accounts for 83 per cent of US cases, Virus spread grows in France