 "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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Designed key aspects of Chandrayaan 3 mission: Tata Consulting Engineers
Chandrayaan-3 successfully executed a soft landing on the moon on August 23, 2023, making India the fourth nation in the world to achieve a successful lunar landing
 "Designed key aspects of Chandrayaan 3 mission: Tata Consulting Engineers")
Uber appoints Arnab Kumar as director of biz development for India, SA
Kumar had previously also served as program director at government think tank NITI Aayog where he contributed to the development of emerging technology initiatives including Aarogya Setu
 "Uber appoints Arnab Kumar as director of biz development for India, SA")
Funding spring for startups may return in next 12 months, say analysts
The India tech startup ecosystem witnessed its highest funding of $43.5 bn in 2021 and after this, the funding started to witness a downfall and there is no sign of improvement in the funding to date,
 "Funding spring for startups may return in next 12 months, say analysts")
Hotels, buses would contribute more than half of our biz: Cleartrip CEO
The Flipkart-owned travel tech firm said that categories such as flights, hotels and buses together are an opportunity worth $80 billion
 "Hotels, buses would contribute more than half of our biz: Cleartrip CEO")
Expect to hit full-year profitability in FY24: Practo CEO Shashank ND
The healthcare technology and services firm expects to grow at 100% y-o-y delivering about Rs 400 cr in revenue in FY24 and achieving positive cash flow and a full profitable year
 "Expect to hit full-year profitability in FY24: Practo CEO Shashank ND")
Byju's top executive Cherian Thomas quits, joins Impending Inc as CEO
Thomas played an integral part in setting up the US operations at edtech giant Byju's and was also responsible for spearheading the business of Byju's owned educational gaming firm Osmo as its CEO
 "Byju's top executive Cherian Thomas quits, joins Impending Inc as CEO")
In fresh round of layoffs, edtech giant Byju's lets go of 100 employees
Last year, Byju's laid off about 600 at its group companies - WhiteHat Jr and Toppr. It said this was a move to drive cost efficiency
 "In fresh round of layoffs, edtech giant Byju's lets go of 100 employees")
Urban Company's FY23 loss reduces to Rs 308 cr from Rs 514 cr in FY22
The home services marketplace said that its revenue from operations grew 45 % year-over-year from Rs 438 crore in FY22 to Rs 637 crore in FY23
 "Urban Company's FY23 loss reduces to Rs 308 cr from Rs 514 cr in FY22")
Flipkart kicks off seller conclave ahead of Big Billion Days festive event
Encouraged by the success of the seller conclave in Delhi, Flipkart plans to extend this series of events to other cities across India
 "Flipkart kicks off seller conclave ahead of Big Billion Days festive event")
Planview eyes India's digital transformation may reach $85 bn by 2026
US-based firm would invest more than $125 million into headcount and centre operating expenses over the course of the next four years in India
 "Planview eyes India's digital transformation may reach $85 bn by 2026")
Economic ties between US and India flourishing: Christopher W. Hodges
On his first visit to Bengaluru, Hodges is meeting with government officials, scientists, business leaders, & entrepreneurs to underscore the United States & India's strong economic & commercial ties
 "Economic ties between US and India flourishing: Christopher W. Hodges")
Flipkart launches Spoyl, in-app fashion platform for Gen Z shoppers
Product has more than 40,000 fashion products for a diverse collection, says e-commerce firm
 "Flipkart launches Spoyl, in-app fashion platform for Gen Z shoppers")
We will reinvent the motorcycle category for the world: Ola Electric CEO
Ola unveils e-bike, cheapest e-scooter
 "We will reinvent the motorcycle category for the world: Ola Electric CEO")
Independence Day sales: E-tailers are all smiles after 23% surge in orders
Customers explored offers on millions of products and shop from a wide selection
 "Independence Day sales: E-tailers are all smiles after 23% surge in orders")
Byju's hires Infosys veteran Richard Lobo to steer human resources function
Lobo joins Byju's after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of HR
 "Byju's hires Infosys veteran Richard Lobo to steer human resources function")
Amazon India enabled nearly $8 bn in exports, created 1.3 mn jobs
Amazon had pledged to digitise 10 mn MSMEs, enable $20 bn in cumulative e-commerce exports and create 2 mn jobs in India by 2025. Amazon said it was well on track to fulfil these pledges
 "Amazon India enabled nearly $8 bn in exports, created 1.3 mn jobs")
Nandan Nilekani pitches ONDC to start-ups to democratise e-commerce
VC firm Antler has collaborated with Nilekani, FIDE and ONDC and launched the country's first ONDC-focused venture platform to help entrepreneurs create businesses and succeed on the open protocol
 "Nandan Nilekani pitches ONDC to start-ups to democratise e-commerce")
Gaming unicorn MPL lays off 350 employees, revisits office infra costs
The move comes at a time when the GST Council has recommended imposing a 28 per cent tax on full deposit value, with no distinction made between games of skill and chance
 "Gaming unicorn MPL lays off 350 employees, revisits office infra costs")
IISc team makes indigenous industrial-grade autopilot system for drones
UAV autopilot systems allow an unmanned aerial vehicle, such as a drone, to perform entire missions autonomously without the need for manual remote control
 "IISc team makes indigenous industrial-grade autopilot system for drones")
India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1
In the quarter ending March 2023, these four listed startups in SoftBank's portfolio together added over $100 million to the Vision Fund
 "India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1")