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 disrupting traditional industries, say leaders at Invest Karnataka
As digital solutions and automation continue to evolve, traditional businesses facing both opportunities and challenges, said top young industry leaders and entrepreneurs at Invest Karnataka summit
 "Tech disrupting traditional industries, say leaders at Invest Karnataka")
Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka
The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore
 "Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka")
Karnataka govt unveils new single window system to boost investments
The system also introduces Udyog Mitra Assistant (UMA), a generative AI-powered chatbot that provides real-time, multilingual assistance on policies, approvals, and incentives to investors
 "Karnataka govt unveils new single window system to boost investments")
Karnataka govt unveils new industrial policy 2024-29, aims to create jobs
The policy aims to position Karnataka as a leader in sustainable industrial practices through incentives for green manufacturing
Tata Advanced Systems to expand Karnataka ops, boost aerospace growth
TASL to establish state-of-the-art MRO facility for Indian Air Force's C-130J fleet
 "Tata Advanced Systems to expand Karnataka ops, boost aerospace growth")
Mahindra Group plans Rs 40K cr investment in Karnataka over next few years
Mahindra Holidays already operates several resorts in Karnataka and is evaluating further expansion into areas like Gokarna and Hampi
 "Mahindra Group plans Rs 40K cr investment in Karnataka over next few years")
TVS Motor Company to invest Rs 2,000 crore in Karnataka, set up GCC centre
Export revenues from the Mysuru factory exceed Rs 1,200 crore out of Rs 7,600 crore total revenue. The company aims to double its export and overall revenues from Mysuru operations
 "TVS Motor Company to invest Rs 2,000 crore in Karnataka, set up GCC centre")
JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka
Karnataka continues to be JSW's karmabhoomi with major expansions in steel, energy, infrastructure, cement, and paints
 "JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka")
Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh
Using Amazon's nationwide logistics network, customers can now access a wide range of medicines, with same-day delivery available in 23 cities, including top metros and Tier-II cities
 "Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh")
Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka
Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk
 "Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka")
Aequs, Tramontina form joint venture to produce cookware in India
The facilities at the Hubballi Durable Goods Cluster will manufacture products for customers in India and abroad
 "Aequs, Tramontina form joint venture to produce cookware in India")
Nirmata raises $9.6 million to expand AI-driven cloud-native solutions
As AI-driven applications drive the surge in cloud-native technologies, businesses are rapidly adopting new solutions and building platform engineering teams
 "Nirmata raises $9.6 million to expand AI-driven cloud-native solutions")
Venturi Partners invests $25 million in affordable footwear brand JQR
This funding will allow JQR to expand its offline presence to new markets as well as launch its online channel
 "Venturi Partners invests $25 million in affordable footwear brand JQR")
Razorpay marks 10 years, targets about $400 billion in TPV by 2030
The company's next target is focused on transforming the payment experience for more than 1 billion consumers
 "Razorpay marks 10 years, targets about $400 billion in TPV by 2030")
Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%
Its revenue from operations in Q3FY25 dropped 19.36 per cent to Rs 1,045 crore, down from Rs 1,296 crore in the same period last year (YoY)
 "Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%")
Cognida.ai raises $15 million to transform enterprise AI adoption
Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable
 "Cognida.ai raises $15 million to transform enterprise AI adoption")
TrueFoundry secures $19 million to transform AI deployment at scale
The Series A funding will allow TrueFoundry to accelerate its mission towards building a universal platform to develop and deploy AI applications with zero infrastructure hassles
 "TrueFoundry secures $19 million to transform AI deployment at scale")
US-based AI company Phenom acquires talent mobility platform EDGE
Phenom aims to double its workforce within the next two years across its existing offices in Hyderabad, Vizag, and Bengaluru
 "US-based AI company Phenom acquires talent mobility platform EDGE")
Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%
Swiggy's food delivery business gross order value (GOV) grew 19.2 per cent Y-o-Y to Rs 7,436 crore
 "Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%")
Flipkart's chief product and technology officer Venugopal steps down
Venugopal's exit follows a series of senior-level departures from the Walmart-owned company last year, which has been attributed to a larger organisational restructuring
 "Flipkart's chief product and technology officer Venugopal steps down")