 "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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Ola begins onboarding drivers in London as rival Uber loses licence
Over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London. Drivers can initiate their registration on the Ola app
 "Ola begins onboarding drivers in London as rival Uber loses licence")
UK exploring AI, fintech partnerships with India: High Commissioner Asquith
UK was creating tech clusters in India to build these technologies and bring their applications to the market, British High Commissioner to India Dominic Asquith told Peerzada Abrar in an interview
 "UK exploring AI, fintech partnerships with India: High Commissioner Asquith")
Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others
The startup will use the funds to penetrate deeper into existing geographies and grow into newer cities of India, besides expanding the current product line
 "Non-alcoholic beverage maker Svami raises Rs 7.5 cr from Rukam, others")
India is critical for Telstra's technology innovations, says CEO & MD Penn
Telstra is looking at co-innovating with Indian startups in emerging technology areas, says CEO Andrew Penn
 "India is critical for Telstra's technology innovations, says CEO & MD Penn")
Fireside Ventures announces closing of Fund II, investment in Gynoveda
Fund II of Fireside is anchored by Indian and global investors and institutions
 "Fireside Ventures announces closing of Fund II, investment in Gynoveda")
These Chennai engineers use IoT devices and software to curb water wastage
WEGoT Technologies is looking at save 10 billion litres of water by 2022 using sensor-based IoT devices and software platform
 "These Chennai engineers use IoT devices and software to curb water wastage")
Food company Wingreens Farms Raises Rs 125 crore in Series B funding
Gurgaon-based company says will use investment to bump up distribution network and new products.
 "Food company Wingreens Farms Raises Rs 125 crore in Series B funding")
Govt lists Personal Data Protection Bill for parliament's winter session
The bill deals with handling and processing of consumer data by corporates, including restrictions and penalties
 "Govt lists Personal Data Protection Bill for parliament's winter session")
India bet pays for Walmart Int'l, Flipkart helps US giant's Q3 net sales
Operating income takes a hit owing to $290 million impairment towards Jabong merger with Myntra.
 "India bet pays for Walmart Int'l, Flipkart helps US giant's Q3 net sales")
Flipkart's 'Big Billion Days' gave Walmart some cheer, and $30 bn in sales
McMillon said that the company also continues to see 'tremendous growth' at PhonePe, its digital payments arm
 "Flipkart's 'Big Billion Days' gave Walmart some cheer, and $30 bn in sales")
Now, Flipkart will collect plastic packaging used in orders from consumers
The e-commerce giant is conducting a pilot project to collect plastic packaging back from consumers at select hubs across Mumbai, Bengaluru, Dehradun, Delhi, Kolkata, Pune, and Ahmedabad
 "Now, Flipkart will collect plastic packaging used in orders from consumers")
Ola Electric inducts former Hyundai and Tata Motors exec onto its board
B V R Subbu currently manages a boutique strategy-consulting firm, advising global PE funds. He is also on the boards of various automotive and tech firms
 "Ola Electric inducts former Hyundai and Tata Motors exec onto its board")
Uber gives another push to its India plans with Rs 1,767-cr investment
Says it is the biggest tranche of capital infusion to Uber India by parent company
 "Uber gives another push to its India plans with Rs 1,767-cr investment")
Retail's tech backbone: India-built software drives likes of Walmart, Tesco
Walmart Labs has about 3700 people in India and most of them are based in Bengaluru
 "Retail's tech backbone: India-built software drives likes of Walmart, Tesco")
WhatsApp snooping: Castro stresses need for good cybersecurity policies
He says the government needs to come up with good policies to encourage digital literacy and collaborate with research institutes to identify various vulnerabilities
 "WhatsApp snooping: Castro stresses need for good cybersecurity policies")
Flipkart's FY19 group revenue up 42% at $6 bn; losses decline 63%
The e-commerce company managed to achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for the financial year ending March 31, 2019.
 "Flipkart's FY19 group revenue up 42% at $6 bn; losses decline 63%")
Paytm E-commerce reports net loss of Rs 1,171 crore, revenues jump by 25%
The company is integrating its offline merchant base with international sellers on a single platform in a bid to take on the competition such as Amazon and Flipkart
 "Paytm E-commerce reports net loss of Rs 1,171 crore, revenues jump by 25%")
Facebook plans to tap start-ups, small and medium businesses in India
Facebook aimed to enable the growth of small and medium businesses and entrepreneurship in the country
 "Facebook plans to tap start-ups, small and medium businesses in India")
CCI approves Hyundai and Kia's acquisition of shareholding in Ola
In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola
 "CCI approves Hyundai and Kia's acquisition of shareholding in Ola")
Venture capital firm Jungle Ventures raises $240 million for third fund
Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally
 "Venture capital firm Jungle Ventures raises $240 million for third fund")