 "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.
Page 50 - Peerzada Abrar
Large representation of Indian data differentiates us: Krutrim's Ravi Jain
Krutrim's head of strategy Ravi Jain said what differentiates the AI platform from others is that it uses Indian data including different languages to train its models
 "Large representation of Indian data differentiates us: Krutrim's Ravi Jain")
Flipkart planning to unveil quick commerce service in a couple of months
According to industry sources, 15-20 minute deliveries provided by players such as Zepto, Instamart and Blinkit are taking a major portion of the sales of products away from Flipkart and Amazon
 "Flipkart planning to unveil quick commerce service in a couple of months")
On road to IPO, Udaan saw sales of over 2.25 billion products in 2023
1,500 sellers reach Rs 1 cr in transactions on eB2B platform
 "On road to IPO, Udaan saw sales of over 2.25 billion products in 2023")
Byju's investors file caveats in SC expecting challenge to NCLT's order
MIH Edtech Investments BV, Peak XV Partners Investments, Sofina SA and General Atlantic Singapore TL Pte Ltd filed separate caveats in SC as a precautionary move
 "Byju's investors file caveats in SC expecting challenge to NCLT's order")
Nasscom urges Karnataka govt to review the uniform taxi fare rules
Government of Karnataka, revised the fare structure applicable to taxis (both mobile application (app)-based and non-app-based city taxis)
 "Nasscom urges Karnataka govt to review the uniform taxi fare rules")
Govt's AI advisory only for large platforms, not for startups: MeitY
Union minister Rajeev Chandrasekhar said that the advisory was aimed at preventing untested AI platforms from deploying on the Indian internet
 "Govt's AI advisory only for large platforms, not for startups: MeitY")
Disclosure in US court counters narrative by four investors, says Byju's
Byju's said this counters the fake narrative by four investors at the National Company Law Tribunal (NCLT) that the amount was siphoned off
Bengaluru blast: Startups call for swift measures to ensure robust safety
Approximately 10 people were reportedly injured in a low-intensity bomb blast at The Rameshwaram Cafe, a popular restaurant in Bengaluru's Brookfield
 "Bengaluru blast: Startups call for swift measures to ensure robust safety")
Flipkart unveils its UPI handle to boost India's digital evolution
The service would be available to all users including Flipkart's over 500 million customers
 "Flipkart unveils its UPI handle to boost India's digital evolution")
Byju's unable to pay salaries due to dispute with investors: Raveendran
Unfortunately, a select few have stooped to a heartless level, ensuring that the company is unable to utilise funds raised to pay salaries, said Byju Raveendran
 "Byju's unable to pay salaries due to dispute with investors: Raveendran")
Edtech major upGrad appoints Venkatesh Tarakkad as chief financial officer
Tarakkad will be responsible for overseeing upGrad's domestic and global financial strategies
 "Edtech major upGrad appoints Venkatesh Tarakkad as chief financial officer")
IPO-bound Ola Electric clocks highest registration of 35,000 units in Feb
In December last year, the company became the first EV 2W manufacturer to record 30,000 registrations in a month
 "IPO-bound Ola Electric clocks highest registration of 35,000 units in Feb")
Tough test: Staff salaries may again be hit at edtech major Byju's
NCLT has asked Byju's to keep funds via rights issue in escrow account and it cannot be withdrawn till the disposal of the matter, according to the sources
 "Tough test: Staff salaries may again be hit at edtech major Byju's")
NCLT asks Byju's to keep funds via rights issue in escrow account
NCLT has also directed Byju's to consider the extension of the closure date of the rights issue
 "NCLT asks Byju's to keep funds via rights issue in escrow account")
Shadowfax raises $100 million from TPG NewQuest, Flipkart and others
It would use the funds to reinforce its middle-mile network and extend its last-mile delivery services to cover all 20,000 pincodes across India
 "Shadowfax raises $100 million from TPG NewQuest, Flipkart and others")
Edtech major Byju's, investors slug it out in NCLT over rights issue
NCLT has directed the parties to file written submissions of their contentions in three days. It has also issued notice to Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC)
 "Edtech major Byju's, investors slug it out in NCLT over rights issue")
Diversity in India's ecosystem aids Razorpay's global forays, says CFO
The company has planned expansions into South East Asia and West Asia
 "Diversity in India's ecosystem aids Razorpay's global forays, says CFO")
Food delivery company Swiggy changes registered name ahead of IPO
Swiggy is planning to file its draft red herring prospectus with the Securities and Exchange Board of India for its IPO in the next couple of days, aiming for an $11 billion IPO valuation target
 "Food delivery company Swiggy changes registered name ahead of IPO")
Edtech major Byju's faces long legal battle as CEO digs in heels: Experts
This may also negatively impact the edtech giant's operations and market reputation, according to industry sources and legal experts
Will continue as CEO of Byju's, EGM a farce: Raveendran tells employees
Raveendran also told employees that he is not taking any of the investor allegations lying down and will challenge these illegal and prejudicial actions, according to a letter sent to the staff
 "Will continue as CEO of Byju's, EGM a farce: Raveendran tells employees")