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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One day in office, remote work for rest of the week for Meesho employees
E-commerce firm's Flexi-Office model offers employees financial support for relocating
 "One day in office, remote work for rest of the week for Meesho employees")
Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company
The IT services company which was established four decades ago is focusing on cutting-edge innovations in areas such as cybersecurity, cloud computing and data analytics
 "Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company")
I'm last of the jokers left; no plan B after I leave Infosys: Nilekani
'I was completely wrong,' Murthy rues not allowing founders' children to join the company
 "I'm last of the jokers left; no plan B after I leave Infosys: Nilekani")
Tech firm Astrome takes high-speed internet to India's hinterlands
IISc-backed Astrome has deployed India's first indigenous technology to facilitate rural 4G and 5G connectivity for the BharatNet Project.
 "Tech firm Astrome takes high-speed internet to India's hinterlands")
Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan
The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds
 "Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan")
On Udaan network, local mobile accessory brands take wings in 'Bharat'
Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business
 "On Udaan network, local mobile accessory brands take wings in 'Bharat'")
Drug, medical services firm PharmEasy may lay off hundreds of employees
The company has a total workforce of about 1500
 "Drug, medical services firm PharmEasy may lay off hundreds of employees")
upGrad's acquisition of test-prep provider Exampur may hit roadblock
Disagreement over valuation of Noida-based company which wants more from the deal, says source
 "upGrad's acquisition of test-prep provider Exampur may hit roadblock")
We are committed to India; review process is normal: Amazon India's Tiwary
I don't think there are too many countries still projecting 6.5 per cent or 7 per cent (GDP) growth….. We would evaluate and sometimes, some people would be asked to separate
 "We are committed to India; review process is normal: Amazon India's Tiwary")
Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year
It has sacked over 1,100 employees, so far, amid funding winter
 "Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year")
Amazon sees 'huge opportunity' for India grocery service: Executive
Grocery business will spread 'deep into Bharat', says e-commerce firm as it shuts down some other smaller units
 "Amazon sees 'huge opportunity' for India grocery service: Executive")
SoftBank-backed Cars24 eyes small towns to sell used cars in India
The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021
 "SoftBank-backed Cars24 eyes small towns to sell used cars in India")
KreditBee raises $80 million in Series D from Premji Invest, others
The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months
 "KreditBee raises $80 million in Series D from Premji Invest, others")
Zetwerk set for over $1-billion revenue in FY23 on China Plus One
Zetwerk's acquisition of Unimacts will provide the company with immediate access to marquee solar and wind-power customers
 "Zetwerk set for over $1-billion revenue in FY23 on China Plus One")
Uber adds rear seatbelt reminder, SOS integration with cops in India
Uber has launched SOS integration with local police to share critical information with them, including live location
 "Uber adds rear seatbelt reminder, SOS integration with cops in India")
Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks
This will be the biggest Esop buyback in tech industry. Flipkart owns over 80% stake in PhonePe and is looking to exit the company. Walmart owns 10% in the Bengaluru-based fintech firm
 "Flipkart staff may get Rs 5,700 cr in stock buyback scheme in a few weeks")
upGrad-backed Harappa launches in US, to upskill 55,000 managers in 3 yrs
Harappa founders cite huge scope as 82% Americans are likely to quit their jobs because of a bad manager, while 44% managers feel they are unprepared for their jobs
Amazon to shut down distribution unit in India, focus on core businesses
The move is a part of the e-commerce firm's strategy to focus on its core business and close-fledging units it has launched such as edtech and food delivery, sources say
 "Amazon to shut down distribution unit in India, focus on core businesses")
I advise start-ups to think beyond the possible: ARM Holdings former CEO
"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby
 "I advise start-ups to think beyond the possible: ARM Holdings former CEO")
Amazon to pull down shutters in food-delivery business in India on Dec 29
Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company
 "Amazon to pull down shutters in food-delivery business in India on Dec 29")