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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Flipkart marketplace arm revenue grows 21%, losses reduce by 41% in FY24
In FY24, Flipkart Internet generated nearly Rs 5,000 crore from advertising, up from Rs 3,324.7 crore in the previous year
 "Flipkart marketplace arm revenue grows 21%, losses reduce by 41% in FY24")
E-commerce firm Udaan raises about Rs 300 crore in debt funding round
The latest debt funding will strengthen Udaan's balance sheet, offering flexibility to invest and maintain its leadership
 "E-commerce firm Udaan raises about Rs 300 crore in debt funding round")
Rural India emerges as a goldmine for e-com companies during festive season
Despite logistical challenges, e-commerce firms are ramping up their infrastructure and technology to meet the diverse customer needs in small towns and hinterlands
 "Rural India emerges as a goldmine for e-com companies during festive season")
216k festive season jobs recorded in logistics, e-com, hospitality: Apna.co
This hiring trend is not limited to major metro cities; Tier-II and Tier-III cities are also experiencing a significant rise in job opportunities
 "216k festive season jobs recorded in logistics, e-com, hospitality: Apna.co")
Indian startup Healthify closes $45 mn funding round to drive US expansion
Company uses AI to recommend personalised fitness and nutrition plans
 "Indian startup Healthify closes $45 mn funding round to drive US expansion")
YouTube Shopping expands in India, collaborates with Flipkart and Myntra
The video platform said the global success of YouTube Shopping, with over 30 billion hours of shopping-related content watched in 2023, shows the power of connecting creators, viewers, and brands
 "YouTube Shopping expands in India, collaborates with Flipkart and Myntra")
Swiggy unveils 'International Logins' for NRIs from 27 countries
The International Logins feature enables those residing outside India with international numbers to transact on Swiggy Food, Swiggy Instamart, Swiggy Dineout and Swiggy Genie
 "Swiggy unveils 'International Logins' for NRIs from 27 countries")
More jobs, investment: Space industry welcomes Rs 1K crore VC fund
Industry welcomes move to expand the space economy to $44 billion by 2033
 "More jobs, investment: Space industry welcomes Rs 1K crore VC fund")
'AI-powered system predicts patient deterioration up to 16 hrs in advance'
Healthtech firm Dozee's AI-powered system alerted patients' health deterioration about 16 hours in advance and continuous monitoring saved 10% of healthcare practitioners' time
 "'AI-powered system predicts patient deterioration up to 16 hrs in advance'")
How cash-on-delivery makes delivery agents an easy target of violence
A murder has brought into focus the risks agents face during cash-on-delivery orders
 "How cash-on-delivery makes delivery agents an easy target of violence")
Trai's new traceability rules won't disrupt e-commerce OTP services
Trai's new mandate, set to take effect on November 1, would require traceability of messages sent by principal entities, including banks, e-commerce platforms, and financial institutions
 "Trai's new traceability rules won't disrupt e-commerce OTP services")
Supreme Court sets aside NCLAT order halting Byju's insolvency proceedings
With this, Byju Raveendran and his brother Riju Raveendran have again lost control over Think and Learn Pvt Ltd or Byju's
 "Supreme Court sets aside NCLAT order halting Byju's insolvency proceedings")
Blinkit rolls out Seller Hub for easier onboarding of sellers, brands
The programme, on the lines of Fulfilled by Amazon (FBA), has already attracted over 200 brands
 "Blinkit rolls out Seller Hub for easier onboarding of sellers, brands")
India holds immense potential in shaping future of AI: Meta's Yann LeCun
LeCun also said that AI won't take over humans, but will amplify human intelligence
 "India holds immense potential in shaping future of AI: Meta's Yann LeCun")
Humans.ai eyes 'positive' Indian market with its AI Counselor tech
International deep tech company Humans.ai has developed ION, which represents an effort to leverage AI technologies to facilitate communication and decision-making processes within the government
 "Humans.ai eyes 'positive' Indian market with its AI Counselor tech")
Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024
In 2024, a report compiled by consultancy Public First, estimates that driver-partners earn an additional 60% a year in higher income through Uber, relative to their next best alternative type of work
 "Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024")
CL Educate plans global expansion after NSEIT's DEX business buy
Post this acquisition, it will enter the digital assessment market, which is projected to touch over Rs 13,000 crore in India by 2028
 "CL Educate plans global expansion after NSEIT's DEX business buy")
Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders
The dispute revolves around the $1.5 billion Term Loan B (TLB) guaranteed by Think and Learn Pvt Ltd, the parent of Byju's
 "Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders")
Fashion, premium electronics fuel shopping boom during festive season
E-commerce festive sales in 2024 have shown dynamic growth patterns, building on the momentum from last year, according to an analysis by Redseer Strategy Consultants
 "Fashion, premium electronics fuel shopping boom during festive season")
Byju introspects, says Byju's worth zero now, promises a turnaround
Last month, the Supreme Court reserved its verdict on a plea of a US firm against NCLAT order stopping insolvency proceedings against Byju's
 "Byju introspects, says Byju's worth zero now, promises a turnaround")