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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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 its 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. There, he covered the entrepreneurship ecosystem, including startups, 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 10 - Peerzada Abrar/undefined
Ola Electric auditor flags 'material weakness' in inventory controls
Ola Electric's auditor flagged weak inventory controls at its main unit, as SoftBank and automakers cut stakes and regulators probe sales and consumer complaints
 "Ola Electric auditor flags 'material weakness' in inventory controls")
GST 2.0: Food-delivery giants face new ₹500 cr tax bill, margin crunch
Platforms must pay 18% GST on behalf of delivery workers, a move that could squeeze margins and raise consumer costs as growth slows
 "GST 2.0: Food-delivery giants face new ₹500 cr tax bill, margin crunch")
GST overhaul may reshape ecommerce strategy ahead of festival season
The simplified two-tier GST structure is expected to boost festive season sales by 15-20% as e-commerce platforms prepare for a surge in demand
 "GST overhaul may reshape ecommerce strategy ahead of festival season")
Amazon completes acquisition of Indian lender Axio after RBI approval
Amazon has completed its $200 million acquisition of Axio, formerly Capital Float, after receiving approval from the Reserve Bank of India, deepening its push into digital lending services in India
 "Amazon completes acquisition of Indian lender Axio after RBI approval")
Amazon Fresh bets on regional foods, pilots faster delivery for festivals
Amazon Fresh is boosting regional foods and piloting ultra-fast deliveries with "Amazon Now" to capture festive demand, as competition with quick-commerce players intensifies
 "Amazon Fresh bets on regional foods, pilots faster delivery for festivals")
Small brands skip price wars, bet on premium strategy this festive season
Direct-to-consumer companies focus on personalisation and cultural relevance ahead of the festive season as big brands on large e-commerce platforms slash rates
 "Small brands skip price wars, bet on premium strategy this festive season")
Flipkart appoints ex-Google executive Balaji Thiagarajan as CTPO
Flipkart has named Balaji Thiagarajan, an industry veteran with 25 years' experience at Google, Microsoft, Uber and Yahoo, as its new chief technology and product officer
 "Flipkart appoints ex-Google executive Balaji Thiagarajan as CTPO")
Seekho raises $28 mn to expand bite-sized learning for mass market
The short-form learning startup targets the next 500 million users with vernacular content
 "Seekho raises $28 mn to expand bite-sized learning for mass market")
CityMall raises $47 mn funding to build value e-commerce for Bharat
Currently serving over 60 cities across Delhi NCR, Uttar Pradesh, Haryana, Uttarakhand, and Bihar, CityMall has been on a 2x year-over-year growth trajectory over the past few years
 "CityMall raises $47 mn funding to build value e-commerce for Bharat")
Apple inaugurates 3rd India store in Bengaluru; open for public from Sept 2
The iPhone maker expands retail presence beyond Mumbai and Delhi as it targets India's growing smartphone market
 "Apple inaugurates 3rd India store in Bengaluru; open for public from Sept 2")
Flipkart acquires majority stake in infotainment platform Pinkvilla
Flipkart has acquired a majority stake in Pinkvilla to expand its digital content footprint, target Gen Z and millennial audiences, and leverage infotainment for commerce growth
 "Flipkart acquires majority stake in infotainment platform Pinkvilla")
Meesho to add 12 lakh seasonal jobs, 70% from tier-3 and tier-4 cities
Meesho will create 12 lakh seasonal jobs across its seller and logistics network ahead of the festive season, with most roles coming from tier-3 and tier-4 cities
 "Meesho to add 12 lakh seasonal jobs, 70% from tier-3 and tier-4 cities")
Elev8 Venture Partners closes ₹1,400 cr fund despite global VC slowdown
India-focused fund attracts investors from Korea to Hong Kong as venture funding hits multi-year lows
 "Elev8 Venture Partners closes ₹1,400 cr fund despite global VC slowdown")
Myntra ramps up hiring ahead of flagship sale event, adds 11,000 roles
Seasonal hiring includes around 30% women as demand ramps up before Big Fashion Festival
 "Myntra ramps up hiring ahead of flagship sale event, adds 11,000 roles")
Flipkart, Amazon stack up space for India's festival shopping rush
Flipkart and Amazon are scaling warehouse and delivery networks ahead of festive sales projected to touch Rs 120,000 crore, while Myntra and Instamart gear up for rising demand
 "Flipkart, Amazon stack up space for India's festival shopping rush")
TransBnk raises $25 million to expand banking infrastructure platform
TransBnk secures $25 million in Series B funding led by Bessemer to expand into Southeast Asia and Middle East while strengthening its domestic banking infrastructure platform
 "TransBnk raises $25 million to expand banking infrastructure platform")
Sentient cofounder calls for viable and decentralised open-source AI
Tyagi is a professor at the Indian Institute of Science (IISc), Bengaluru, and cofounded $1.2 billion artificial intelligence (AI) startup Sentient
 "Sentient cofounder calls for viable and decentralised open-source AI")
Trump's digital tax warning: Task cut out for US tech giants in India
Tech giants navigate evolving trade tensions as India maintains commitment to a balanced regulatory approach
 "Trump's digital tax warning: Task cut out for US tech giants in India")
Qatar's sovereign wealth fund moves HC to recover $235 mn from Byju's
Qatar Investment Authority escalates legal action against Byju Raveendran, seeking $235 million through Indian courts after a Singapore arbitration award
 "Qatar's sovereign wealth fund moves HC to recover $235 mn from Byju's")
Flipkart hires 220,000 seasonal workers ahead of festive demand surge
Flipkart is hiring 220,000 seasonal workers to support its operations during the peak festive shopping season, expanding infrastructure and technology across India
