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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Byju Raveendran takes charge of Byju's as NCLAT accepts BCCI settlement
The NCLAT noted that "money being offered by the largest shareholder and former promoter (Riju Raveendran) has nothing to do with the US lenders, which gives the court power to rule"
 "Byju Raveendran takes charge of Byju's as NCLAT accepts BCCI settlement")
Meesho strengthens board with appointment of four independent directors
Meesho's new board members are expected to play a key role in advancing its strategic goals
 "Meesho strengthens board with appointment of four independent directors")
Ola Electric's $734 million IPO to fetch nearly $100 mn to Hyundai Motor
Hyundai Motor Company's 108.8 million equity shares or 2.95% stake is valued at $99 million at the highest price band of Rs 76 per share
 "Ola Electric's $734 million IPO to fetch nearly $100 mn to Hyundai Motor")
Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT
Formation of committee of creditors stayed till August 2
 "Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT")
NCLAT defers edtech major Byju's, BCCI settlement after lender alert
Raveendran's brother had made part-payment on Tuesday
 "NCLAT defers edtech major Byju's, BCCI settlement after lender alert")
Ola Electric to focus sharply on two-wheelers, cars not on agenda
The country's largest electric two-wheeler player is going for the biggest IPO of the year so far, aiming to raise Rs 6,146 crore
 "Ola Electric to focus sharply on two-wheelers, cars not on agenda")
Gnani.ai on a mission to enhance customer experience using voice-first AI
Gnani.ai was founded in 2016 by Ganesh Gopalan and Ananth Nagaraj, after multiple years of experience of scaling tech businesses at Texas Instruments, IBM and Aricent
 "Gnani.ai on a mission to enhance customer experience using voice-first AI")
BCCI in discussion with Byju's to settle dispute related to unpaid dues
Solicitor General Tushar Mehta, who appeared on behalf of the BCCI, informed the bench that some talks were on and the BCCI wanted time to see if "anything fruitful will come" out of such discussion
Flipkart Pay merges all payments, fintech offerings into unified interface
The e-commerce firm aims to provide customers a seamless payment experience as it gears up for the festive season
 "Flipkart Pay merges all payments, fintech offerings into unified interface")
Byju's insolvency order: NCLAT judge recuses from hearing appeal
Cites he had appeared for the BCCI as a lawyer and, therefore, did not think it appropriate to hear the matter
Rapido enters unicorn club with $120 million round led by WestBridge
According to Entrackr's estimates, the company raised the funding at a post-money valuation of Rs 8,517 crore or a little over $1 billion
 "Rapido enters unicorn club with $120 million round led by WestBridge")
Razorpay eyes $750 billion P2M payments by 2030, says CFO Arpit Chug
The startup, which is valued at over $7 billion, is intensifying its efforts to achieve profitability in all of its businesses and move its domicile to India, as it is planning an IPO in 2-3 years
 "Razorpay eyes $750 billion P2M payments by 2030, says CFO Arpit Chug")
Bhavish Aggarwal-led Ola Electric IPO likely to open on August 2
SoftBank-backed EV maker to pursue valuation of about $4.5 bn
 "Bhavish Aggarwal-led Ola Electric IPO likely to open on August 2")
WayCool lays off over 200 employees, aims to achieve profitability
Layoffs have impacted employees across Chennai, Bengaluru and Hyderabad
 "WayCool lays off over 200 employees, aims to achieve profitability")
Amazon says Prime Day '24 biggest ever; peak single-minute orders at 24,196
24% more Prime members in India shopped this year compared to the event in 2023
 "Amazon says Prime Day '24 biggest ever; peak single-minute orders at 24,196")
Byju's moves fresh plea before HC for stay on insolvency proceedings
The edtech firm has urged the Court to stay the insolvency resolution process as well as the formation of the Committee of Creditors (CoC)
 "Byju's moves fresh plea before HC for stay on insolvency proceedings")
Myntra expands into gifting category with over 70k options across sections
The Walmart-owned firm has also expanded into fresh categories, offering 3000 products across cakes, flowers, live plants and gourmet gift hampers
 "Myntra expands into gifting category with over 70k options across sections")
263 startups funded with a total of Rs 60 crore by Karnataka govt
Karnataka is home to 45 unicorns, over 14,000 DPIIT registered startups and more than 4,000 active tech startup investors
 "263 startups funded with a total of Rs 60 crore by Karnataka govt")
Urban Company Q1 results: Loss narrows by 70%, revenue at Rs 827 cr
The home-services firm said the growth was achieved due to investments in service quality, partner training and enablement, technology development and the launch of Native RO water purifier devices
 "Urban Company Q1 results: Loss narrows by 70%, revenue at Rs 827 cr")
E-commerce and consumer internet industry welcomes FM Sitharaman's Budget
Krishnamurthy said the government's commitment to green energy and critical mineral missions underscores a forward-looking strategy to ensure sustainable development
 "E-commerce and consumer internet industry welcomes FM Sitharaman's Budget")