 "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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Byju's in talks to raise up to $700 mn, valuation may cross $15 bn
The funding is expected to help Byju's to fund its acquisitions, including the up to $700 million deal to buy Aakash Educational Services, according to sources
 "Byju's in talks to raise up to $700 mn, valuation may cross $15 bn")
Byju's acquires Aakash Educational Services for $1 billion over Zoom call
With over 215 centres and a student count of more than 250,000, Aakash provides test preparatory services to students preparing for a host of competitive exams
 "Byju's acquires Aakash Educational Services for $1 billion over Zoom call")
Numerology helped close Byju's deal: Aakash Educational's J C Chaudhry
JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he did the deal with Byju's based on numerology
 "Numerology helped close Byju's deal: Aakash Educational's J C Chaudhry")
Ola Electric names Hyundai veteran Yongsung Kim as global sales head
With 35 years at Hyundai Motor and Kia, Yongsung brings global auto sales experience from North America, Europe, UK, Middle East, Africa, ASEAN and Asia Pacific
 "Ola Electric names Hyundai veteran Yongsung Kim as global sales head")
E-commerce, food delivery cos studying Maharashtra lockdown rules for staff
The current government guidelines allow only people above the age of 45 to get vaccinated
 "E-commerce, food delivery cos studying Maharashtra lockdown rules for staff")
Byju's acquires Aakash Educational Services for $1 bn via strategic merger
The addition of Aakash is a significant step towards strengthening Byju's product offering
Top UPI players stare at uncertain future over 30% cap in market share
When an app breaches 30 per cent market share by volume, NPCI will ask third party apps to stop onboarding of new customers.
 "Top UPI players stare at uncertain future over 30% cap in market share")
Phone sales down to near zero, Covid was Xiaomi India chief's acid test
The pandemic has triggered an urgent need for devices supporting activities such as work from home, remote learning, entertainment and playing games and Xiaomi India is betting big on this opportunity
 "Phone sales down to near zero, Covid was Xiaomi India chief's acid test")
Walmart's PhonePe leads UPI payments, crosses 1 bn transactions in March
The development comes at a time when UPI has broken a new record, crossing Rs 5 trillion in value in March across 2.73 billion transactions
 "Walmart's PhonePe leads UPI payments, crosses 1 bn transactions in March")
Uniphore raises $140 million as demand for enterprise AI increases
2020 sped up digital imperatives for companies as it put focus directly on AI and automation to drive that transformation of what experts agree is projected to be a $500 bn-plus market opportunity
 "Uniphore raises $140 million as demand for enterprise AI increases")
B2B startup Udaan witnesses huge surge in business across Bharat
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year, says Udaan co-founder
 "B2B startup Udaan witnesses huge surge in business across Bharat")
Big Tech uses AI to arrest blindness among India's burgeoning diabetics
Diabetic retinopathy is a leading cause of blindness and vision loss in adults and tech giants such as Intel and Google are building AI-based innovations to address such problems
 "Big Tech uses AI to arrest blindness among India's burgeoning diabetics")
DPIIT meet: Foreign vs Indian war of words over e-commerce FDI policy
The industry has been asked to send inputs in writing within a week to the government for further consultation
 "DPIIT meet: Foreign vs Indian war of words over e-commerce FDI policy")
Flipkart includes Bengali and Odia, says move helps 'democratise ecommerce'
Flipkart said it has now expanded to seven Indian languages spoken by nearly 75 per cent of India's population.
 "Flipkart includes Bengali and Odia, says move helps 'democratise ecommerce'")
Swiggy to roll out vaccine cover for its fleet of 2 lakh delivery partners
The foodtech giant would also cover the loss of pay when the partners take the time off to get vaccinated against coronavirus
 "Swiggy to roll out vaccine cover for its fleet of 2 lakh delivery partners")
Delhi HC stays single judge's order restraining Future Retail-RIL deal
Justice Midha's order dated March 18 is contrary to the apex court's order, said senior advocate Harish Salve on behalf of Future Retail
 "Delhi HC stays single judge's order restraining Future Retail-RIL deal")
Urban Company, partner create open-source ESOP framework for startups
Framework aims to guide startups and other companies on structuring terms and conditions
 "Urban Company, partner create open-source ESOP framework for startups")
From hi-tech telescope to Covid-19 study: ThoughtWorks does it all
According to the firm, with TMT, one will be able to study the universe like never before
 "From hi-tech telescope to Covid-19 study: ThoughtWorks does it all")
Amazon packages delayed in Pune as report says delivery staff go on strike
Workers say company's new terms have reduced their earnings after lockdowns to contain the coronavirus.
Current moment in road to recovery: VC firm Sequoia tells founders and CEOs
Silicon Valley-based company says strong leadership that puts people first will continue to be critical
 "Current moment in road to recovery: VC firm Sequoia tells founders and CEOs")