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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Supreme Court sets aside NCLAT order halting Byju's insolvency proceedings
With this, Byju Raveendran and his brother Riju Raveendran have again lost control over Think and Learn Pvt Ltd or Byju's
 "Supreme Court sets aside NCLAT order halting Byju's insolvency proceedings")
Blinkit rolls out Seller Hub for easier onboarding of sellers, brands
The programme, on the lines of Fulfilled by Amazon (FBA), has already attracted over 200 brands
 "Blinkit rolls out Seller Hub for easier onboarding of sellers, brands")
India holds immense potential in shaping future of AI: Meta's Yann LeCun
LeCun also said that AI won't take over humans, but will amplify human intelligence
 "India holds immense potential in shaping future of AI: Meta's Yann LeCun")
Humans.ai eyes 'positive' Indian market with its AI Counselor tech
International deep tech company Humans.ai has developed ION, which represents an effort to leverage AI technologies to facilitate communication and decision-making processes within the government
 "Humans.ai eyes 'positive' Indian market with its AI Counselor tech")
Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024
In 2024, a report compiled by consultancy Public First, estimates that driver-partners earn an additional 60% a year in higher income through Uber, relative to their next best alternative type of work
 "Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024")
CL Educate plans global expansion after NSEIT's DEX business buy
Post this acquisition, it will enter the digital assessment market, which is projected to touch over Rs 13,000 crore in India by 2028
 "CL Educate plans global expansion after NSEIT's DEX business buy")
Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders
The dispute revolves around the $1.5 billion Term Loan B (TLB) guaranteed by Think and Learn Pvt Ltd, the parent of Byju's
 "Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders")
Fashion, premium electronics fuel shopping boom during festive season
E-commerce festive sales in 2024 have shown dynamic growth patterns, building on the momentum from last year, according to an analysis by Redseer Strategy Consultants
 "Fashion, premium electronics fuel shopping boom during festive season")
Byju introspects, says Byju's worth zero now, promises a turnaround
Last month, the Supreme Court reserved its verdict on a plea of a US firm against NCLAT order stopping insolvency proceedings against Byju's
 "Byju introspects, says Byju's worth zero now, promises a turnaround")
upGrad commits Rs 200 cr training programme for PM's internship scheme
The firm has created a specialised course with nine comprehensive modules and virtual classrooms
 "upGrad commits Rs 200 cr training programme for PM's internship scheme")
GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024
Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report
 "GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024")
Licious FY24 loss drops by 44%, 3rd party channel closures impact revenue
This growth is majorly fueled by the launch of 17 native GenAI language models in India, a 4.6 times surge in GenAI services
 "Licious FY24 loss drops by 44%, 3rd party channel closures impact revenue")
Shoe startup Yoho aims to fill the market gap in comfortable footwear
The direct-to-consumer footwear brand aims to enhance customer experience and product offerings following a Rs 27 crore funding boost. It will deploy the funds to drive business growth and innovation
 "Shoe startup Yoho aims to fill the market gap in comfortable footwear")
Neuron7.ai secures $44 million in Series B led by Smith Point Capital
The firm operates in Bengaluru and plans to scale operations in India, targeting 10x growth in 2024
 "Neuron7.ai secures $44 million in Series B led by Smith Point Capital")
IBM acquires Prescinto for renewable energy asset performance management
Prescinto's APM capabilities help organisations simplify operations and maintenance to maximise ROI
 "IBM acquires Prescinto for renewable energy asset performance management")
Avaada Energy closes Rs 597 crore refinancing for solar projects
The refinancing was secured from NIIF Infrastructure Finance Limited (NIIF IFL), an infrastructure debt fund dedicated to refinancing operational infrastructure projects
 "Avaada Energy closes Rs 597 crore refinancing for solar projects")
Beauty products platform Purplle raises Rs 1,500 cr in funding round
Subsidiary of Abu Dhabi Investment Authority leads in committing investment
 "Beauty products platform Purplle raises Rs 1,500 cr in funding round")
Licious buys 'My Chicken and More' to gain physical foothold in Bengaluru
'My Chicken and More' generates annual revenues of close to ~110 crore, processing 1.8 million orders a year and its acquisition adds 23 stores to Licious' offline network
 "Licious buys 'My Chicken and More' to gain physical foothold in Bengaluru")
Women bring home the sales, delivering festival wins for e-commerce firms
Flipkart said that among the blue-collar workforce it has hired for this festive season, there is a 24 per cent growth in women hired compared to the Big Billion Days (BBD) sale event in 2023
 "Women bring home the sales, delivering festival wins for e-commerce firms")
Amazon Business reports over 134% growth on Corporate Gifting Store
Products such as mixer grinders, juicers, thermal drinkware, headphones, chocolates and dry fruits were among the most corporate gifting items on the e-commerce firm's business-to-business marketplace
 "Amazon Business reports over 134% growth on Corporate Gifting Store")