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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The Good Glamm Group completes 100% acquisition of The Moms Co
This comes on the heels of the group's completion of its Sirona transaction and increases in shareholding in other portfolio brands Organic Harvest and Winkl
 "The Good Glamm Group completes 100% acquisition of The Moms Co")
Huge wealth of data talent in India, looking to attract it: Lingaro CEO
At a time when India's Global Capability Centre (GCC) market size is expected to reach $60 billion by 2025, tech firm Lingaro Group is eyeing a 30 per cent year-over-year revenue increase in India
 "Huge wealth of data talent in India, looking to attract it: Lingaro CEO")
Targeting India revenue of 1 bn euros in 3 yrs: Aliaxis' Thierry Vanlancker
India is the real growth market for the Belgium-based fluid management solutions company, Vanlancker said, adding its Indian company, AshirvadPipes, is now an APAC innovation hub
 "Targeting India revenue of 1 bn euros in 3 yrs: Aliaxis' Thierry Vanlancker")
Vecmocon raises $10 million in the first phase of Series A funding
The vehicle intelligence firm will use the funding to expand its reach in various market segments, including electric two-wheelers, three-wheelers, light commercial vehicles (LCVs), and buses
 "Vecmocon raises $10 million in the first phase of Series A funding")
Drone startup Airbound raises $1.7 million funding, to focus on deliveries
Airbound will deploy its R&D efforts to initially focus on medical deliveries and then expand into other areas such as food and groceries
 "Drone startup Airbound raises $1.7 million funding, to focus on deliveries")
Women Uber drivers now have the option to accept only female riders
The option which helps female earners prioritise their safety is among a suite of new features unveiled by Uber, aimed at enhancing the daily experiences of its drivers in India
 "Women Uber drivers now have the option to accept only female riders")
Rapido reports 2.5x increase in gross order value to Rs 2,461 cr in Q2FY25
Low-cost mobility platform reports more than two-fold increase in gross order value of Rs 2,461 cr in Q2 FY25
 "Rapido reports 2.5x increase in gross order value to Rs 2,461 cr in Q2FY25")
Green Frontier Capital launches Sebi-approved fund worth Rs 1,500 crore
The fund will focus on accelerating India's low-carbon transition through investments in transformative climate technologies
 "Green Frontier Capital launches Sebi-approved fund worth Rs 1,500 crore")
Karnataka govt's venture capital programme to bring investment of $17.5 bn
The programme Venture Capital Connect organised during the upcoming Bengaluru Tech Summit is expected to draw over 50 leading global investors, including family offices, angel investors
 "Karnataka govt's venture capital programme to bring investment of $17.5 bn")
ideaForge boosts India's drone sector with focus on tech indigenisation
ideaForge has the largest operational deployment of indigenous UAVs across India, with an ideaForge-manufactured drone taking off every five minutes on average for surveillance and mapping
 "ideaForge boosts India's drone sector with focus on tech indigenisation")
Honeywell India supports deep science startups in collaboration with IISc
These startups are focused on building innovations to solve pressing challenges in areas such as agriculture, healthcare, and renewable energy
 "Honeywell India supports deep science startups in collaboration with IISc")
BCCI may move NCLT to seek withdrawal of Byju's insolvency proceedings
The Supreme Court last month annulled the National Company Law Appellate Tribunal ruling that sanctioned a settlement of Rs 158 crore between Byju's and the BCCI on Oct 23
 "BCCI may move NCLT to seek withdrawal of Byju's insolvency proceedings")
Unicommerce announces acquiring e-commerce technology platform Shipway
Unicommerce will buy 42.76% in Shipway for a cash consideration of Rs 68.4 cr and rest of the stake later
 "Unicommerce announces acquiring e-commerce technology platform Shipway")
Amazon launches facility in Bengaluru to train school students in tech
Initiative in AI, robotics aims to have 4,000 'young innovators' by next year
 "Amazon launches facility in Bengaluru to train school students in tech")
German lens maker ZEISS expands its Global Capability Centre in Bengaluru
The ZEISS India Global Capability Centre is a strategic hub that will leverage Bengaluru's deep IT talent pool to drive technology solutions and expand ZEISS's global R&D capabilities
 "German lens maker ZEISS expands its Global Capability Centre in Bengaluru")
Swiggy expands leadership team with 2 senior appointments to enhance ops
Both appointments are part of Swiggy's continued focus on scaling its operations, enhancing service delivery, and supporting its growth in both food delivery and quick commerce
 "Swiggy expands leadership team with 2 senior appointments to enhance ops")
Flipkart achieves EV deployment target of over 10,000 in delivery fleet
The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative
 "Flipkart achieves EV deployment target of over 10,000 in delivery fleet")
Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%
The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler
 "Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%")
We have a huge appetite for India talent, says FICO CEO Will Lansing
The firm is not only scaling up its operations in country by hiring talent and building innovations but is also betting big to tap the India market by providing its technology to some of largest banks
 "We have a huge appetite for India talent, says FICO CEO Will Lansing")
Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%
The firm's consolidated loss narrowed to Rs 495 crore compared with Rs 524 crore in last quarter
 "Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%")