 "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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Tech overhaul via public-private partnership will hasten recovery: Nadella
Microsoft CEO Satya Nadella is of the view that technology is going to be an exponential change
 "Tech overhaul via public-private partnership will hasten recovery: Nadella")
SoftBank-backed Ola targets European market for electric vehicle business
The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business
 "SoftBank-backed Ola targets European market for electric vehicle business")
Over 5,000 employees from Walmart India joining Flipkart Wholesale
The e-commerce firm said job offers made to staff at Walmart India have been aligned to similar roles at Flipkart in terms of pay, responsibility and profiles based on industry best practices
 "Over 5,000 employees from Walmart India joining Flipkart Wholesale")
Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%
After the closure of the financial year 2019-20, the firm has revised authorised share capital from Rs 6,000 crore to Rs 16,000 crore in an extraordinary general meeting held in September this year
 "Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%")
Walmart commits to sourcing $10 bn of India-Made goods each year by 2027
To accelerate its India exports, Walmart will strengthen the development of the supply chain ecosystem in India
 "Walmart commits to sourcing $10 bn of India-Made goods each year by 2027")
Great leaders will make good policy decisions in India: Walmart CEO
McMillon said that competition with Amazon, Reliance, and Paytm is good as it will improve services, bring down costs for consumers and give additional value to producers
 "Great leaders will make good policy decisions in India: Walmart CEO")
Swiggy partners govt to build 'world's largest' street food vendor project
In the first phase alone, Swiggy will onboard about 36,000 vendors to whom the loan has been disbursed in 125 cities by the government
 "Swiggy partners govt to build 'world's largest' street food vendor project")
Facebook India revenue jumps 43%, total expenses at Rs 1,046 cr in FY20
India is the biggest user base for Facebook, with around 328 million users. The firm's WhatsApp messaging app has 400 million users in India, also the world's highest.
 "Facebook India revenue jumps 43%, total expenses at Rs 1,046 cr in FY20")
Amazon, CII partner to bring e-commerce to small enterprises in 10 states
Amazon.in and CII will work closely with the Ministry of MSME to enable lakhs of MSMEs across these states to leverage technology to reach customers in India and globally
Karnataka HC to hear CCI petition against Amazon, Flipkart in January
In October, the CCI appealed in the Supreme Court against the Karnataka High Court's interim stay on its probe against the e-commerce firms
 "Karnataka HC to hear CCI petition against Amazon, Flipkart in January")
Ola to back New Zealand's goal of on-roading 64,000 new EVs by 2021
The introduction of SoftBank-backed Ola's electric scooters will help support New Zealand's public sector become carbon neutral by 2025
 "Ola to back New Zealand's goal of on-roading 64,000 new EVs by 2021")
Truecaller spots 145.4 bn calls; India still in top 10 most spammed list
About 8 out of 10 women in India receive sexual harassment or inappropriate calls and SMSes regularly, according to the new report by Truecaller
 "Truecaller spots 145.4 bn calls; India still in top 10 most spammed list")
DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors
The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users
 "DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors")
Digital gold is the new war zone for PhonePe, Amazon and Google in India
With Covid-19 impacting buying sentiment, the tech giants are leaving no stone unturned to woo customers to buy digital gold on instalments across the country, including smaller towns
 "Digital gold is the new war zone for PhonePe, Amazon and Google in India")
With $700-mn war chest, PhonePe to fight Google, Amazon in rural India
PhonePe recently crossed the 250-million registered user milestone, with over 100 million monthly active users generating nearly 1 billion digital payment transactions in October alone
 "With $700-mn war chest, PhonePe to fight Google, Amazon in rural India")
Flipkart unveils 2GUD Local to connect offline retailers with customers
The new format will offer offline stores, brands an opportunity to unlock benefits of technology and social commerce hybrid retail model to reach millions consumers
 "Flipkart unveils 2GUD Local to connect offline retailers with customers")
Flipkart extends work from home for its 12,000 employees till May end
Employees can take 'unlimited bereavement leaves' in case of loss of a family member; teams that have been attending office on a roster basis will continue to do so
 "Flipkart extends work from home for its 12,000 employees till May end")
E-commerce order volume grew 56%, GMV by 50% this festive season: Report
The Tier II and beyond cities have witnessed a growth of about 99 per cent as compared to last year's festive season, says a new report by Unicommerce
 "E-commerce order volume grew 56%, GMV by 50% this festive season: Report")
Pixxel to launch remote-sensing satellite on Isro rocket in early 2021
With India allowing private companies to operate within the premises of Isro, this is expected to create huge opportunities for the country's fledgling aerospace start-ups
 "Pixxel to launch remote-sensing satellite on Isro rocket in early 2021")
Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion
Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn
 "Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion")