 "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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Setback for Future as Delhi HC rejects pleas to quash Amazon arbitration
Dismisses its plea seeking a direction to SIAC to decide on its application
 "Setback for Future as Delhi HC rejects pleas to quash Amazon arbitration")
Practo evolving to become India's largest integrated healthcare firm: CEO
Adoption of digital healthcare will increase in next 4-5 years in India's $150 billion healthcare market and Practo will play a leading role in the transition
 "Practo evolving to become India's largest integrated healthcare firm: CEO")
Gig economy gets pandemic push as online deliveries smash records on NYE
Covid was just the disruptor. Even before it struck, growing tech and digital enhancements had been propelling the growth of e-commerce and online services both within and outside India
 "Gig economy gets pandemic push as online deliveries smash records on NYE")
Flipkart's revenue up 25% to Rs 43K cr, Amazon clocks 49% rise at Rs 16K cr
At Rs 3,143 crore, Amazon Wholesale (India) Pvt Ltd reported a 7 per cent fall in FY21 revenue over the last financial year
 "Flipkart's revenue up 25% to Rs 43K cr, Amazon clocks 49% rise at Rs 16K cr")
State Bank of India pumps $20 million into Pine Labs in latest fintech bet
In 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors
 "State Bank of India pumps $20 million into Pine Labs in latest fintech bet")
upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler
Accuses Scaler of using its brand name 'upGrad' through Google Ads to appear on top of search results on Google Search Engine and in turn gaining illicit benefit
 "upGrad files Rs 3 cr trademark infringement suit against edtech firm Scaler")
57% Indians prefer using regional languages for job search: Apna.co study
Vernacular language interface is driving higher engagement on Apna.co platform. Data from the past one year shows that after English, Hindi is the most popular language, followed by Kannada and Tamil
 "57% Indians prefer using regional languages for job search: Apna.co study")
Urban Company launches free video consultations for appliance repairs
Initiative will enable the consumer to understand exact issue with an accurate diagnosis and cost estimate, leading to instant resolution, all through a video call
 "Urban Company launches free video consultations for appliance repairs")
Bumper festive season for e-comm firms; India's rich loosen purse strings
Amazon recently said its month-long sales event had seen the biggest-ever shopping activity for its sellers and brand partners, bringing services to millions of customers
 "Bumper festive season for e-comm firms; India's rich loosen purse strings")
Amazon Pay India's revenue grows 29% YoY to Rs 1,769 crore in FY21
The company reports a net loss of Rs 1,516 crore during the same fiscal
 "Amazon Pay India's revenue grows 29% YoY to Rs 1,769 crore in FY21")
Udaan aims to have 100 exclusive brands in tie-up with small garment makers
Udaan exclusive brands have been specially created to help and empower small businesses - including manufacturers and retailers of Bharat to compete with established brands
 "Udaan aims to have 100 exclusive brands in tie-up with small garment makers")
Meet Byju's content team, which is helping children learn better using tech
A talented and diverse team of experts and technologists collaborate to write the scripts for content and video at the world's most valuable edtech company
 "Meet Byju's content team, which is helping children learn better using tech")
Amazon asks Sebi, govt to withdraw $3.4-bn Future-RIL deal approval
The letter has also been sent to other top officials at stock exchanges such as BSE Limited and the National Stock Exchange of India Limited
 "Amazon asks Sebi, govt to withdraw $3.4-bn Future-RIL deal approval")
Diwali festive sale crosses Rs 1.25 trn, breaks all records in 10 yrs: CAIT
Local shops on Amazon clocked a 2x spike and sold over 10 products every minute
 "Diwali festive sale crosses Rs 1.25 trn, breaks all records in 10 yrs: CAIT")
Ola Cars sells over 1,000 cars over the weekend leading up to Dhanteras
As part of festive offer, Ola said customers can avail of discounts of up to Rs 1 lakh, as well as several industry-first offers like free servicing for up to 2 years, 12-month warranty
 "Ola Cars sells over 1,000 cars over the weekend leading up to Dhanteras")
Ola posts first-ever operating profit of Rs 90 cr in FY21 amid pandemic
This, even as revenues declined 65% to Rs 690 cr amid Covid-19 lockdowns
 "Ola posts first-ever operating profit of Rs 90 cr in FY21 amid pandemic")
Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum
Founded in 2019, Swiflearn is an online platform for academic courses, which provides personalised home tuition experience from top quality teachers
 "Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum")
Firm boosts human effort in factories, using computer vision, deep learning
Drishti combines video and AI for data capturing in manufacturing to increase process efficiency and reduce defects
 "Firm boosts human effort in factories, using computer vision, deep learning")
PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms
The enterprise will also be creating simplified APIs for its online merchants to enable tokenisation with minimal effort
PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms
The enterprise will also be creating simplified APIs for its online merchants to enable tokenisation with minimal effort
 "PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms")