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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E-com retailers may clock Rs 120K cr in GMV during festive sales: Redseer
The latest analysis forecasts 20 per cent year-on-year (Y-o-Y) growth, fuelled by high pent-up demand and a premiumisation wave
 "E-com retailers may clock Rs 120K cr in GMV during festive sales: Redseer")
Wakefit enters Rs 1,000 crore revenue club, returns to Ebitda profitability
The sleep solutions company records a 24 per cent jump in revenue since the last financial year and remains on track to maintain its growth trajectory
 "Wakefit enters Rs 1,000 crore revenue club, returns to Ebitda profitability")
Felt like a bomb blast, say locals after blaze at Tata's Hosur plant
About 1,500 workers, mainly in the morning shift, were present at the unit when the fire erupted, according to sources. All employees were evacuated, and no casualties or injuries were reported
 "Felt like a bomb blast, say locals after blaze at Tata's Hosur plant")
E-commerce firms witness huge jump in festive sales from towns, cities
Flipkart recorded 330 mn user visits during Early Access and Day 1 combined, during The Big Billion Days (TBBD) 2024 sale event. Another e-commerce firm Meesho said it achieved 100 per cent increase
 "E-commerce firms witness huge jump in festive sales from towns, cities")
How's the josh at e-com war rooms as Amazon, Flipkart sales go live?
Amazon sets up over 20 war rooms compared to about 10 last year
Amazon is making its Local Shops program more robust this festive season
'Local Shops on Amazon' has enabled offline retailers and neighbourhood stores to reap the benefits of e-commerce
 "Amazon is making its Local Shops program more robust this festive season")
Amazon leverages air, rail for faster festive deliveries across India
Amazon was the first e-commerce company to partner with Indian Railways in 2019
 "Amazon leverages air, rail for faster festive deliveries across India")
AI healthcare firm Qure.ai completes $65 mn Series D funding round
The investment will expedite expansion into the US market and other geographies, increase investment into foundational AI models and enable complementary med-tech company acquisitions
 "AI healthcare firm Qure.ai completes $65 mn Series D funding round")
About 40% of our global R&D workforce is in India: Sindhu Gangadharan
Gangadharan emphasises India's strategic importance for SAP's growth and innovation
 "About 40% of our global R&D workforce is in India: Sindhu Gangadharan")
Edtech company Byju's in default of $1.5 bn loan, affirms Delaware SC
Allows US lenders to take control of firm's American assets, primarily Byju Alpha
 "Edtech company Byju's in default of $1.5 bn loan, affirms Delaware SC")
Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD
This year, the company has increased the hiring of women in the blue collar workforce by 24 per cent compared to BBD 2023
 "Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD")
Amazon scales up operations network to meet festive season demand
Amazon India is making significant investments and scaling up its operations network as it prepares to serve millions of customers throughout India during the upcoming festive season
 "Amazon scales up operations network to meet festive season demand")
Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO
Nair has previously worked with Hindustan Coca-Cola Beverages as CHRO for India and SAARC, where she contributed significantly to sales retention and supply chain productivity
 "Walmart's Flipkart appoints former Reliance executive Seema Nair as CHRO")
We are now a separate entity from Byju's: Aakash CEO Deepak Mehrotra
Plan includes scaling up operations, bringing efficiency and setting up hybrid learning centres
 "We are now a separate entity from Byju's: Aakash CEO Deepak Mehrotra")
Byju Raveendran apologises to employees, pledges support amid challenges
As a small token of appreciation, Raveendran said he has managed, against all odds, to borrow some funds and to compensate the employees and urged them to continue teaching
 "Byju Raveendran apologises to employees, pledges support amid challenges")
Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding
$210 mn Series B funding round led by Hornbill Capital; Physics Wallah will use funding to expand reach
 "Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding")
Amazon veteran Samir Kumar to replace Manish Tiwary as head of India ops
Kumar, who joined Amazon in 1999, was part of the original team that planned and launched Amazon.in (Amazon India) in 2013
 "Amazon veteran Samir Kumar to replace Manish Tiwary as head of India ops")
54 new spacetech startups in 2023 represent new opportunities for India
Spacetech startups are harnessing artificial intelligence and 'deep technologies' like Blockchain and Internet of Things to transform industries and solve pressing societal challenges
 "54 new spacetech startups in 2023 represent new opportunities for India")
AI-led dating platform Schmooze raises $4 million series A round
In just 10 months since its launch in India, Schmooze said it has attracted over 1 million users and witnessed 900 million meme swipes
 "AI-led dating platform Schmooze raises $4 million series A round")
Redcliffe Labs raises $42 mn in Series C funding to expand across India
The diagnostics service provider will use the funds to open more labs and collection centres, along with an expansion of its home collection network
 "Redcliffe Labs raises $42 mn in Series C funding to expand across India")