 "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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In relief for Amazon, Delhi HC puts Future-Reliance deal on hold
The court held that Future Retail, Future Coupons (the promoter entity of Future Retail), founder and owner Kishore Biyani and others violated the Emergency
 "In relief for Amazon, Delhi HC puts Future-Reliance deal on hold")
PhonePe takes up six IPL 2021 sponsorships for its biggest marketing push
Company last year earmarked about Rs 800 crore on marketing.
 "PhonePe takes up six IPL 2021 sponsorships for its biggest marketing push")
Amazon and Cloudtail, Appario related as preferred sellers: CCI lawyer
Big e-commerce firms selling their own private labelled brands and inventory at discounts, High Court told
 "Amazon and Cloudtail, Appario related as preferred sellers: CCI lawyer")
This IIT grad is taking on MNC giants with her $100 mn beauty brand
Before the Covid-19 outbreak in the country, Vineeta Singh's firm SUGAR had already crossed Rs 100 crore in net revenue and posted an 85% YoY growth rate
 "This IIT grad is taking on MNC giants with her $100 mn beauty brand")
50 global investors made their first Indian investment in 2020: Report
Indian private market is going strong with a record investment of $41 billion in 2020 despite Covid
 "50 global investors made their first Indian investment in 2020: Report")
Flipkart ramps up grocery operations; expands reach to over 50 cities
The pandemic has led to a sharp growth in consumer demand for e-grocery, not only in metros but also from tier 2 cities and beyond
 "Flipkart ramps up grocery operations; expands reach to over 50 cities")
Flipkart in talks to add online travel aggregator Cleartrip to its cart
The move would help the e-commerce giant diversify its business and tap the opportunities in the travel space, according to industry sources
 "Flipkart in talks to add online travel aggregator Cleartrip to its cart")
PhonePe leads UPI payments with over 970 mn transactions in February
The Walmart-owned firm, which competes with Google Pay, Paytm and Amazon Pay, now processes some 1.07 billion monthly transactions across UPI, cards and wallets
 "PhonePe leads UPI payments with over 970 mn transactions in February")
Amazon, eBay make recommendations to govt for foreign trade policy
Recommendations have been made to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021
 "Amazon, eBay make recommendations to govt for foreign trade policy")
Flipkart makes key changes in leadership team ahead of the IPO plan
As the e-commerce firm focuses on building and growing its business further, it has made a few leadership role changes in areas such as supply chain, category design operations and fintech and payment
 "Flipkart makes key changes in leadership team ahead of the IPO plan")
Uber's business shows strong recovery signs post lockdown in India
As Indians start travelling in the new normal, strong recovery in smaller towns underscores success for ride-hailing giant's 'India to Bharat' strategy, which offers new products in regional markets
 "Uber's business shows strong recovery signs post lockdown in India")
Amazon-Flipkart probe: Want to create level playing field, says CCI lawyer
The Competition Commission of India (CCI) lawyer told the Court that when big players give discounts, they incur losses for a short time, but this pushes the smaller players out
 "Amazon-Flipkart probe: Want to create level playing field, says CCI lawyer")
Uber, Amazon Pay partner to install safety screens in 40,000 autos
Initiative will cover seven cities
 "Uber, Amazon Pay partner to install safety screens in 40,000 autos")
Byju's likely to close $800-million Aakash Educational deal by March
The edtech decacorn which is valued at about $12 billion is scouting global markets including the U.S and India to acquire many other smaller rivals which could help it scale up faster
 "Byju's likely to close $800-million Aakash Educational deal by March")
Healthcare startup Innovaccer's valuation crosses $1 bn, joins unicorn club
The new funding round brings the total capital raised by Innovaccer to over $225 million.
 "Healthcare startup Innovaccer's valuation crosses $1 bn, joins unicorn club")
10 million man-hours planned to build Ola's mega e-scooter factory
The world's largest two-wheeler factory is expected to create 10,000 jobs.
 "10 million man-hours planned to build Ola's mega e-scooter factory")
Flipkart to deploy more than 25K EVs, partners with leading manufacturers
The Walmart-owned e-commerce firm has partnered with Hero Electric, Mahindra Electric and Piaggio, for specific vehicles to be deployed for its first and last-mile delivery fleet across the country
 "Flipkart to deploy more than 25K EVs, partners with leading manufacturers")
BharatPe gives 80x returns to investors as valuation tops $900 mn
The Delhi-based fintech company has already returned Rs 102 cr cash to its secondary investors as against the initial angel round of Rs 1.9 cr
 "BharatPe gives 80x returns to investors as valuation tops $900 mn")
Amazon partners with Mahindra Electric to include EVs in delivery fleet
The e-commerce major would continue to work with several OEMs to build a fleet of 'Made in India' electric vehicles that ensure sustainable and safe delivery of customers' orders
 "Amazon partners with Mahindra Electric to include EVs in delivery fleet")
Cooking, building tech for mammoth firms kept this engineer busy amid Covid
Under Manav Garg's leadership, commodities and direct materials tech firm Eka Software grew 60% in the past 12 months and is on track to cross $100 million in revenue
 "Cooking, building tech for mammoth firms kept this engineer busy amid Covid")