 "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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SC bars NCLT from finalising orders allowing $3.4 bn Future-Reliance deal
A bench headed by Justice Rohinton Nariman also ordered that while the proceedings before NCLT can go on, they should not culminate in any final order of sanction of the scheme
 "SC bars NCLT from finalising orders allowing $3.4 bn Future-Reliance deal")
Zomato's valuation crosses $5.4 billion, after raising $250 million
Ahead of its expected IPO, investors such as Kora, Tiger Global and Fidelity have made fresh investments in the Deepinder Goyal-led foodtech company
 "Zomato's valuation crosses $5.4 billion, after raising $250 million")
Allegations of dodging laws have malicious intent: Amazon India chief
Amit Agarwal tells the employees that the company remains committed to its pledge to digitise 10 mn MSMEs, enable $10 bn in exports and create incremental 1 mn jobs by 2025.
 "Allegations of dodging laws have malicious intent: Amazon India chief")
Flipkart is positioned to win India's e-commerce future: Walmart's McKenna
Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said
 "Flipkart is positioned to win India's e-commerce future: Walmart's McKenna")
We're well-positioned to grow in India, says Walmart CEO Doug McMillon
McMillon, which is betting big on India through Flipkart, said e-commerce penetration is low in India but growing rapidly
 "We're well-positioned to grow in India, says Walmart CEO Doug McMillon")
Shiprocket raises $27 mn from Silicon Valley's Tribe Capital, March Capital
The e-commerce shipping firm processes more than 4 mn monthly shipments, enabling more than 100,000 sellers to sell directly to their consumers across India
 "Shiprocket raises $27 mn from Silicon Valley's Tribe Capital, March Capital")
Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others
At a time when the pandemic has accelerated the adoption of technology among enterprises, Ally.io grew revenues by 3.3x.
 "Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others")
Facebook-backed Unacademy buys professional networking platform TapChief
Post acquisition, TapChief will join the Unacademy Group with a valuation of Rs 100 crore
 "Facebook-backed Unacademy buys professional networking platform TapChief")
This entrepreneur's sleep-tech firm became a Rs 2,000 cr brand amid Covid
His business has accelerated three-fold as people work from home during the pandemic and are investing in their health
 "This entrepreneur's sleep-tech firm became a Rs 2,000 cr brand amid Covid")
KreditBee concludes $75 mn funding round from Premji Invest, others
The fintech lending firm's objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier
 "KreditBee concludes $75 mn funding round from Premji Invest, others")
Tonbo bags multi-million-dollar deal for indigenising Indian missiles
Night-vision startup, which is backed by investors such as Artiman and Qualcomm, has an overall sales pipeline of over $2.5 bn with a near-term execution visibility of $300 mn
 "Tonbo bags multi-million-dollar deal for indigenising Indian missiles")
Amazon integrates Pantry with Fresh in India; provide groceries in 2 hrs
The move would enable the e-commerce giant to simplify the grocery shopping experience for customers.
 "Amazon integrates Pantry with Fresh in India; provide groceries in 2 hrs")
Razorpay to hire 650 people after posting three-fold growth amid pandemic
The Tiger Global- and Sequoia-backed firm is recruiting to help it work towards servicing the next 5 million businesses by 2022
 "Razorpay to hire 650 people after posting three-fold growth amid pandemic")
Alphabet's VC arm backs OnePlus co-Founder Carl Pe's 'Nothing' Company
The funding would help 'Nothing' release its first smart devices in the next few months
 "Alphabet's VC arm backs OnePlus co-Founder Carl Pe's 'Nothing' Company")
These aerospace experts are building drones to save accident victims' lives
Their drones can reach accident site quickly, carrying an 'active blood control kit' that bystanders can administer to the victim with help from medical professionals connected digitally via the drone
 "These aerospace experts are building drones to save accident victims' lives")
Delhi HC orders status quo on $3.4 bn Future Group-Reliance Retail deal
Ruling seen as interim relief to Amazon; next phase of arbitration likely to begin soon in Singapore, say sources
Indegene's valuation reaches $700 mn; raises $200 mn from Carlyle, Brighton
Given the wider adoption of digital initiatives within the healthcare industry, Indegene plans to use the funds to accelerate its M&A (merger and acquisition) and global expansion plans
 "Indegene's valuation reaches $700 mn; raises $200 mn from Carlyle, Brighton")
CEOs of top tech firms hail tax norms for digital economy in Budget 2021
They say coming in the wake of Covid-19 pandemic, the Budget looks to strengthen many important pillars for economic recovery and future growth
 "CEOs of top tech firms hail tax norms for digital economy in Budget 2021")
Zero-trust defence can help India shield world from cyberattacks: Google VP
With cyberattacks rising due to coronavirus and firms becoming vulnerable as employees WFH, Google is betting big on its zero-trust platform BeyondCorp Enterprise for Indian businesses
 "Zero-trust defence can help India shield world from cyberattacks: Google VP")
Only 3% difference in prices on GeM and Amazon and Flipkart, shows data
A set of common items were identified or the study, done on January 4.
 "Only 3% difference in prices on GeM and Amazon and Flipkart, shows data")