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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BCCI may move NCLT to seek withdrawal of Byju's insolvency proceedings
The Supreme Court last month annulled the National Company Law Appellate Tribunal ruling that sanctioned a settlement of Rs 158 crore between Byju's and the BCCI on Oct 23
 "BCCI may move NCLT to seek withdrawal of Byju's insolvency proceedings")
Unicommerce announces acquiring e-commerce technology platform Shipway
Unicommerce will buy 42.76% in Shipway for a cash consideration of Rs 68.4 cr and rest of the stake later
 "Unicommerce announces acquiring e-commerce technology platform Shipway")
Amazon launches facility in Bengaluru to train school students in tech
Initiative in AI, robotics aims to have 4,000 'young innovators' by next year
 "Amazon launches facility in Bengaluru to train school students in tech")
German lens maker ZEISS expands its Global Capability Centre in Bengaluru
The ZEISS India Global Capability Centre is a strategic hub that will leverage Bengaluru's deep IT talent pool to drive technology solutions and expand ZEISS's global R&D capabilities
 "German lens maker ZEISS expands its Global Capability Centre in Bengaluru")
Swiggy expands leadership team with 2 senior appointments to enhance ops
Both appointments are part of Swiggy's continued focus on scaling its operations, enhancing service delivery, and supporting its growth in both food delivery and quick commerce
 "Swiggy expands leadership team with 2 senior appointments to enhance ops")
Flipkart achieves EV deployment target of over 10,000 in delivery fleet
The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative
 "Flipkart achieves EV deployment target of over 10,000 in delivery fleet")
Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%
The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler
 "Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%")
We have a huge appetite for India talent, says FICO CEO Will Lansing
The firm is not only scaling up its operations in country by hiring talent and building innovations but is also betting big to tap the India market by providing its technology to some of largest banks
 "We have a huge appetite for India talent, says FICO CEO Will Lansing")
Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%
The firm's consolidated loss narrowed to Rs 495 crore compared with Rs 524 crore in last quarter
 "Ola Electric posts revenue of Rs 1,240 crore in Q2FY25, up by 38.5%")
UnifyApps raises $20 mn Series A to deliver AI agents across enterprise
UnifyApps integrates deeply with all SaaS applications within an enterprise, making it easy for enterprises to view and manage all their data in a single place
 "UnifyApps raises $20 mn Series A to deliver AI agents across enterprise")
Google Cloud expands support for early-stage AI startups in India
Google said it has introduced the Emerging ISV Partner Springboard, a 12-week programme designed to supercharge growth for AI startups
 "Google Cloud expands support for early-stage AI startups in India")
Dietician consultations up 70%, pet spending rises 63%: Razorpay report
Gardening enthusiasts nurtured their green spaces, investing in garden supplies to create serene and beautiful environments, acc to the Diwali Trends report by Razorpay
 "Dietician consultations up 70%, pet spending rises 63%: Razorpay report")
Simplilearn cuts Ebitda losses by 75% as FY24 revenue reaches Rs 773 crore
Enhanced consumer experience, as well as demand from corporates for onboarding new hires, drives better numbers for the digital upskilling firm
 "Simplilearn cuts Ebitda losses by 75% as FY24 revenue reaches Rs 773 crore")
India is one of our fastest growing markets: Microsoft AI CEO Suleyman
On his inaugural visit, Suleyman says AI will put knowledge at everyone's fingertips
 "India is one of our fastest growing markets: Microsoft AI CEO Suleyman")
Tier-II and Tier-III cities fuel festive season sales: ClickPost report
There has been a 49% increase in online sales during the festive season, a 10 per cent growth over the 39% witnessed in 2023, according to a report by logistics intelligence platform ClickPost
 "Tier-II and Tier-III cities fuel festive season sales: ClickPost report")
Wakefit records 50% growth in festive sale revenues across platforms
The sleep solutions firm said the trends indicate that consumer behaviour is shifting towards wellness, long-term value and preference for premium and functional products
 "Wakefit records 50% growth in festive sale revenues across platforms")
Fidelity increases IPO-bound Lenskart valuation by 12% to $5.6 billion
This year, IPO-bound Lenskart raised $200 million in secondary investment from Singapore's state-owned investment firm Temasek and Fidelity
 "Fidelity increases IPO-bound Lenskart valuation by 12% to $5.6 billion")
Marut Drones raises $6.2 million from Lok Capital in Series A funding
Marut Drones is also exploring disaster management and surveillance applications
 "Marut Drones raises $6.2 million from Lok Capital in Series A funding")
Swiggy eyes 100 mn users, each ordering 15 times a month: CEO Majety
Food delivery giant anticipates strong growth in next decade
 "Swiggy eyes 100 mn users, each ordering 15 times a month: CEO Majety")
More than 85% Amazon sale customers from non-metros: Saurabh Srivastava
Srivastava revealed that Amazon delivered over 30 million products the same day or next day (to Prime members), and customers had access to over 25,000 new product launches from top brands
 "More than 85% Amazon sale customers from non-metros: Saurabh Srivastava")