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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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")
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")
$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn
Existing investor, billionaire Yuri Milner's fund DST Global leads round, along with Sequoia Capital, Tiger Global, and others. Existing and past employees liquidate ESOPs worth Rs 9 cr
 "$81 mn fund raise pushes Credit card app CRED's valuation past $806 mn")
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'")
Zomato's revenue doubles to Rs 2,743 cr, losses up 138% to Rs 2,386 cr
The Deepinder Goyal-led firm's total expenses for the fiscal were reported as Rs 5,006 crore. Zomato is gearing up for an IPO this year
 "Zomato's revenue doubles to Rs 2,743 cr, losses up 138% to Rs 2,386 cr")
Chinese hackers targeted Indians with e-shopping scams, says report
The hackers created bogus links and asked internet users to click on them to participate in online contests and win prizes
 "Chinese hackers targeted Indians with e-shopping scams, says report")
Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021
Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that
 "Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021")
Zomato valuation crosses $3.9 billion after closing $660-million financing
The company CEO said marquee global investors share the company's enthusiasm about the future of this business
 "Zomato valuation crosses $3.9 billion after closing $660-million financing")
India plays an important role in hunt for talent in digital age: Amazon CTO
Vogels says India has tremendous engineers, innovators and a great entrepreneurial spirit.
 "India plays an important role in hunt for talent in digital age: Amazon CTO")
8 predictions by Amazon CTO on how tech will change our lives next year
Though predictions are always tough, Vogels sticks his neck out and makes eight predictions on how technology will continue to change our lives in the coming year
 "8 predictions by Amazon CTO on how tech will change our lives next year")
Amazon Internet Services reports 54% rise in revenue to Rs 4,216 crore
The revenue of the company was fully generated from services called 'other data processing, hosting and related activities' and other information technology services
 "Amazon Internet Services reports 54% rise in revenue to Rs 4,216 crore")
Will leave no stone unturned to improve working conditions: Zomato
Only two platforms (Urban Company and Flipkart) were able to demonstrate that additional measures were taken to actively improve working conditions
