 "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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CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail
Amazon and Flipkart can't directly acquire assets under FDI rules, so they are doing smaller strategic stake deals with offline retailers, hoping to acquire offline assets when rules change
 "CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail")
Charges of having preferred sellers baseless: Amazon Lawyer to Karnataka HC
The High Court is hearing the petition filed by CCI for the probe against e-commerce firms Amazon and Flipkart. The matter will be heard next on January 21, 2021
 "Charges of having preferred sellers baseless: Amazon Lawyer to Karnataka HC")
Fireside Ventures' consumer brand startups cross $1 bn in total market-cap
The venture capital firm founded by top investor Kanwaljit Singh has also closed its second fund Fireside Fund II at Rs 863 crore
 "Fireside Ventures' consumer brand startups cross $1 bn in total market-cap")
Google, Lightbox, others invest $40 mn in e-comm, delivery startup Dunzo
Dunzo witnessed a robust growth amid the Coronavirus (Covid-19) pandemic and is now a $100 million annualised GMV value business
 "Google, Lightbox, others invest $40 mn in e-comm, delivery startup Dunzo")
India accounts for 14% of global app installations: InMobi report
The country's app download growth rate was four times the global average
 "India accounts for 14% of global app installations: InMobi report")
Amazon's accelerator scheme to help Indian startups create global brands
The e-commerce giant has launched Amazon Global Selling Propel (AGSP), an initiative designed to provide dedicated support to emerging Indian brands and startups to reach customers the world over
 "Amazon's accelerator scheme to help Indian startups create global brands")
Robotic packers, AI that reads buyer emotions: Flipkart nurtures startups
The pandemic has not only accelerated a shift to e-commerce but has also spawned startups that are building solutions relevant for the new normal, attracting the attention of big online retailers
Salesforce Ventures leads funding round of $15 mn in tech startup Darwinbox
Darwinbox is a human resources technology platform and its technology powers more than 500 global enterprises with over 1 million employees spread across 60 countries
 "Salesforce Ventures leads funding round of $15 mn in tech startup Darwinbox")
Tech entrepreneur Atul Jalan to take his AI company Algonomy public in 2023
His firm Manthan Software and San Francisco-headquartered RichRelevance have completed their merger to form a new, rebranded AI firm Algonomy
 "Tech entrepreneur Atul Jalan to take his AI company Algonomy public in 2023")
Karnataka HC starts hearing CCI petition against Amazon, Flipkart
The Supreme Court had asked the Karnataka High Court to decide the CCI plea for vacating the stay on the probe against Amazon and Flipkart for the alleged anti-competitive practices
What's your problem? Delete WhatsApp if you feel it will imperil data: HC
Delhi High Court says other apps also share data, defers hearing in petition challenging WhatsApp privacy policy to Jan 25
 "What's your problem? Delete WhatsApp if you feel it will imperil data: HC")
Smart toilets to rockets: Startups pitch innovations to PM Modi at Prarambh
Apps that improve lives of the visually impaired, mobile brick making machines, jackfruit flour that helps control diabetes and biodegradable PPE kits were other innovations on display
 "Smart toilets to rockets: Startups pitch innovations to PM Modi at Prarambh")
PM Modi announces Rs 1,000 cr startup fund to push growth of tech ventures
For the next five years India, which is in a technology race with China, has a mission for its startups and unicorns to emerge as global giants and lead in futuristic technologies
 "PM Modi announces Rs 1,000 cr startup fund to push growth of tech ventures")
Traders' body moves SC against WhatsApp, Facebook over privacy policy
CAIT said it will not allow any Corporate or Conglomerate to enforce its obnoxious policies and sinister designs to make a profit in an unethical manner
 "Traders' body moves SC against WhatsApp, Facebook over privacy policy")
21% startups and MSMEs benefited from govt Schemes in 2020: Survey
For many years now, startups and MSMEs have been reeling under the complex burden of India's difficult taxation policies
 "21% startups and MSMEs benefited from govt Schemes in 2020: Survey")
WhatsApp revised privacy policy: Justice Singh recuses herself from plea
Justice Singh took objection to an email sent to the Court from WhatsApp and the matter will now be heard by another bench on Monday, January 18
 "WhatsApp revised privacy policy: Justice Singh recuses herself from plea")
Inclusion in USTR report on notorious mkts list is ill-informed: Snapdeal
Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy
 "Inclusion in USTR report on notorious mkts list is ill-informed: Snapdeal")
Amazon urges Sebi not to issue NOC for $3.4 bn Future-Reliance deal
The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to do the same
Sequoia-backed Drip Capital finances over $1 bn cross-border trade
As economies have opened up, Drip has witnessed over 50% quarter on quarter growth in the last three quarters
 "Sequoia-backed Drip Capital finances over $1 bn cross-border trade")
Quick Heal invests $2 million in Israeli cybersecurity startup L7 Defense
The move strengthens Quick Heal's solution stack to secure modern enterprises against the next-generation of cyber-attacks
 "Quick Heal invests $2 million in Israeli cybersecurity startup L7 Defense")