 "Peerzada Abrar")
Peerzada Abrar
Peerzada Abrar
Peerzada Abrar is a technology and business reporter at Business Standard. He covers the intersection of technology, AI, business and society, and their impact on our lives. This includes tracking top tech firms and startups. He joined Business Standard in 2019 after having worked at The Economic Times and The Hindu, where he covered the entrepreneurship ecosystem, start-ups, new technologies, venture capital, and private equity. A storyteller at heart, he is captivated by the potential of innovation to address global challenges. His narrative spans from resilient communities combating epidemics and natural disasters to groundbreaking initiatives that empower the underserved and transform humanitarian landscapes.
Peerzada Abrar is a technology and business reporter at Business Standard. He covers the intersection of technology, AI, business and society, and their impact on our lives. This includes tracking top tech firms and startups. He joined Business Standard in 2019 after having worked at The Economic Times and The Hindu, where he covered the entrepreneurship ecosystem, start-ups, new technologies, venture capital, and private equity. A storyteller at heart, he is captivated by the potential of innovation to address global challenges. His narrative spans from resilient communities combating epidemics and natural disasters to groundbreaking initiatives that empower the underserved and transform humanitarian landscapes.
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JioMart debuts on Apple app store, Google Play Store downloads cross 1 mn
With the launch of the app, JioMart has now enabled increased omni-platform interface bringing seamless and enhanced accessibility to consumers
 "JioMart debuts on Apple app store, Google Play Store downloads cross 1 mn")
Hero MotoCorp invests Rs 84 cr in smart scooter maker Ather Energy
Ather is now entering an aggressive expansion phase and is looking to scale to 20 cities by the end of 2021
 "Hero MotoCorp invests Rs 84 cr in smart scooter maker Ather Energy")
Flipkart acquires Walmart India's wholesale biz to help transform kiranas
Flipkart says it would leverage the strong wholesale capabilities of the company and enable growth for kiranas and MSMEs
 "Flipkart acquires Walmart India's wholesale biz to help transform kiranas")
Autodesk acquires construction software firm founded by Indian techies
The acquisition will empower general contractors, subcontractors and owners to gain more value from Autodesk Construction Cloud
 "Autodesk acquires construction software firm founded by Indian techies")
Amazon India steps up insurance and credit biz, riding on its payments app
Amazon Pay has started making deep inroads in India's booming digital payments market and is competing aggressively with PhonePe, Paytm and Google Pay
 "Amazon India steps up insurance and credit biz, riding on its payments app")
Unicorn fintech company Pine Labs invests in Malaysia-based Fave
Pine Labs processes payments of $30 billion per year and serves some 150,000 merchants across about 450,000 network points in Asia.
 "Unicorn fintech company Pine Labs invests in Malaysia-based Fave")
Uber installing screens and cockpits in 20,000 cars for safer rides
The ride-hailing firm has already fitted them in 8,000 cars; the cost of installation is borne by Uber, and it comes free of cost to drivers
 "Uber installing screens and cockpits in 20,000 cars for safer rides")
Customers can choose data centres to route their data, says Zoom
From January to April 2020, Zoom saw 6,700% growth in free user sign-ups in India
 "Customers can choose data centres to route their data, says Zoom")
The techie-teacher who pulled off a $100 mn funding deal over a Zoom call
With this round, the Bengaluru-based firm's valuation jumped to $600 million, making it the second most-valued company in the Indian edtech space
 "The techie-teacher who pulled off a $100 mn funding deal over a Zoom call")
Amazon Global Selling programme hits $2 bn in overall exports from India
The programme helps over 60,000 Indian exporters sell 'Made in India' products, pledges to take cumulative shipment values to $10 bn by 2025
 "Amazon Global Selling programme hits $2 bn in overall exports from India")
E-health cos Medlife and PharmEasy in talks for $200 million merger deal
Aim is to create one of the world's largest healthcare companies, source says Medlife will retain 20-30% stake in combined entity
 "E-health cos Medlife and PharmEasy in talks for $200 million merger deal")
Galwan Valley face-off: Indian tech firms shun China, switch to US camp
In April, the Centre had changed foreign direct investment norms and introduced a pre-clearance mechanism on investments from China
 "Galwan Valley face-off: Indian tech firms shun China, switch to US camp")
India leads Uber map updates across 150 cities across globe during lockdown
Uber India's GSS team has led over 200 localisation projects. It also developed a mask verification feature in the App, which later became globally mandatory for all riders and drivers
 "India leads Uber map updates across 150 cities across globe during lockdown")
From meal delivery to patrolling, Milagrow's new humanoid robots do it all
These robots include RoboDiCaprio, RoboJulia, RoboNano and RoboElf - which are specially designed to cater to hotels, hospitals, restaurants and corporate offices
 "From meal delivery to patrolling, Milagrow's new humanoid robots do it all")
Prabhjeet Singh takes over as President of Uber in India, South Asia
Appointment is effective immediately; he replaces Pradeep Parameswaran, who has been promoted as Regional General Manager for the Asia Pacific
 "Prabhjeet Singh takes over as President of Uber in India, South Asia")
40% Indian consumers getting supplies delivered via e-commerce, local shops
If this consumer behaviour continues, malls and traditional retailers that rely for sales primarily on store visits will have to change their models and value proposition to cater to this new model.
 "40% Indian consumers getting supplies delivered via e-commerce, local shops")
Covid-19 crisis: IISc set to commercialise ventilator for treatment
The goal is to licence the final product in a "build-to-print" form with all certifications to interested third-party manufacturers.
 "Covid-19 crisis: IISc set to commercialise ventilator for treatment")
Google, Apple remove most of the banned Chinese apps from their stores
Initially, few apps voluntarily delisted themselves in accordance with the government's order but now Google and Apple have blocked access to all other apps too
 "Google, Apple remove most of the banned Chinese apps from their stores")
Walmart's PhonePe assures employees there will be no layoffs, salary cuts
The Walmart-owned company says it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months
 "Walmart's PhonePe assures employees there will be no layoffs, salary cuts")
Chinese app ban to create funding hurdle for Indian unicorns and soonicorns
Experts foresee major impact on new investments by Chinese players in companies such as Paytm, Ola, BigBasket, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding
 "Chinese app ban to create funding hurdle for Indian unicorns and soonicorns")