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.
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DGGI issues show-cause notice to Amazon India over Rs 175 cr tax demand
Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit
 "DGGI issues show-cause notice to Amazon India over Rs 175 cr tax demand")
Byju's in talks to buy Aakash Educational Services for $700 million
New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India
 "Byju's in talks to buy Aakash Educational Services for $700 million")
Amazon urges Sebi to suspend review of $3.4 billion Future-RIL deal
Amazon also urged Sebi about not granting any no-objection in relation to the same and directing the Indian Stock Exchanges not to issue any no-objection/approval letter to Future Retail
 "Amazon urges Sebi to suspend review of $3.4 billion Future-RIL deal")
Paytm Payments Bank leads cashless toll market with six million FASTags
Has now enabled cashless toll payments across 250 plazas in the country
 "Paytm Payments Bank leads cashless toll market with six million FASTags")
Meat startups move to stem bird flu fear, give assurance on poultry quality
While organised meat startups claim 100% traceability of their products with full biosecurity, unorganised meat market has taken a beating, going down by 20-25%
 "Meat startups move to stem bird flu fear, give assurance on poultry quality")
Uber, Ola face DG-GST Intelligence probe related to alleged tax evasion
Summons issued to officials of the two firms for hundreds of crores of alleged evasion
 "Uber, Ola face DG-GST Intelligence probe related to alleged tax evasion")
Sequoia-backed Rebel Foods eyes global expansion of cloud kitchens
Raising funds to become next unicorn
 "Sequoia-backed Rebel Foods eyes global expansion of cloud kitchens")
Capgemini appoints Olivier Sevillia as group COO effective January 1
Sevillia has been with the firm for the past 30 years, and was CEO of its Europe strategic business unit before assuming the new role
 "Capgemini appoints Olivier Sevillia as group COO effective January 1")
Flipkart ropes in JP Morgan's Saroj Panigrahi as Senior VP ahead of IPO
Bijoya Roy will transition into the role of vice president, head of legal for Flipkart Operations and report to Panigrahi
 "Flipkart ropes in JP Morgan's Saroj Panigrahi as Senior VP ahead of IPO")
Food-grocery marketplace Jumbotail completes $25 million fundraise
Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years
 "Food-grocery marketplace Jumbotail completes $25 million fundraise")
Income tax department conducts surveys at Flipkart and Swiggy offices
The surveys are related to an alleged bogus input tax credit connected to the external vendors of these firms
 "Income tax department conducts surveys at Flipkart and Swiggy offices")
Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report
For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge
 "Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report")
Flipkart introduces Marathi on its app, days after Amazon faced ire
Marathi is significant for it is the third most widely spoken language in India.
 "Flipkart introduces Marathi on its app, days after Amazon faced ire")
Udaan raises $280 mn from existing, new investors, valuation crosses $3 bn
The additional financing exercise takes the overall funding raised by Udaan to date to $ 1.15 billion
 "Udaan raises $280 mn from existing, new investors, valuation crosses $3 bn")
Paytm, PhonePe make most of digital adoption to disrupt BFSI space
Paytm launches instant personal loans 24x7 all year round in under two minutes, PhonePe unveils Term insurance
 "Paytm, PhonePe make most of digital adoption to disrupt BFSI space")
WhatsApp updates privacy policy, makes Facebook data sharing mandatory
The users have at least one month's notice before the privacy policy and terms go into effect in February 2021
 "WhatsApp updates privacy policy, makes Facebook data sharing mandatory")
Udaan bounces back after Covid-19 doldrums; in talks to raise $150-200 mn
Udaan has products across categories such as lifestyle, electronics, home and kitchen
 "Udaan bounces back after Covid-19 doldrums; in talks to raise $150-200 mn")
Karan Bajwa promoted to lead Google Cloud in Asia Pacific region
Google competes with global rivals, such as Amazon Web Services, Microsoft, and Alibaba, to dominate cloud computing services
 "Karan Bajwa promoted to lead Google Cloud in Asia Pacific region")
Future-RIL deal: Next phase of Bezos-Biyani battle to begin in Singapore
Singaporean barrister Michael Hwang joins three-member arbitration tribunal at SIAC, which is looking into the dispute over Future Group's $3.4 bn deal with Reliance Industries
 "Future-RIL deal: Next phase of Bezos-Biyani battle to begin in Singapore")
This startup set up by 21-year-olds tracks dead satellites and 'space junk'
Digantara, a company incubated at Indian Insitute of Science (IISc), aims to combat the growing problem of space debris by developing India's first space-based surveillance platform
 "This startup set up by 21-year-olds tracks dead satellites and 'space junk'")