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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Myntra set for biggest fashion festive sale; to cater to 40 mn visitors
The Walmart-owned firm is geared to handle 900,000 concurrent users and 20,000 orders per minute at peak and expects to cater to over 4 million unique customers
 "Myntra set for biggest fashion festive sale; to cater to 40 mn visitors")
Flipkart Internet revenue up 32% to Rs 6,318 cr; losses increase 19%
The revenue of the company is mainly generated from e-commerce, information technology-enabled services, marketplace and related support service
 "Flipkart Internet revenue up 32% to Rs 6,318 cr; losses increase 19%")
How IBM researchers enabled AI platform Watson to understand native Hindi
With this, Watson Discovery can understand documents written in Devanagari and extract their meaning, without having to resort to any translation to English
 "How IBM researchers enabled AI platform Watson to understand native Hindi")
Ola to invest Rs 2,400 cr for 'world's largest' e-scooter factory
Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units
 "Ola to invest Rs 2,400 cr for 'world's largest' e-scooter factory")
World's 'largest' street food vendor project: All you need to know
What has triggered this partnership and what are Swiggy's plans to achieve it? In this podcast, Business Standard's Peerzada Abrar explains the initiative
 "World's 'largest' street food vendor project: All you need to know")
Start-ups from IISc, IITs tweak their innovations to address Covid crisis
As soon as the Covid-19 pandemic struck, many start-ups incubated at IISc's Society for Innovation and Development began work on repurposing their innovations
 "Start-ups from IISc, IITs tweak their innovations to address Covid crisis")
Rising tech adoption among small businesses a big opportunity: Shopify
Shopify is at an inflection point in India, as the market opportunities for online commerce in the country are expected to touch $200 billion by 2028
 "Rising tech adoption among small businesses a big opportunity: Shopify")
Tech overhaul via public-private partnership will hasten recovery: Nadella
Microsoft CEO Satya Nadella is of the view that technology is going to be an exponential change
 "Tech overhaul via public-private partnership will hasten recovery: Nadella")
SoftBank-backed Ola targets European market for electric vehicle business
The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business
 "SoftBank-backed Ola targets European market for electric vehicle business")
Over 5,000 employees from Walmart India joining Flipkart Wholesale
The e-commerce firm said job offers made to staff at Walmart India have been aligned to similar roles at Flipkart in terms of pay, responsibility and profiles based on industry best practices
 "Over 5,000 employees from Walmart India joining Flipkart Wholesale")
Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%
After the closure of the financial year 2019-20, the firm has revised authorised share capital from Rs 6,000 crore to Rs 16,000 crore in an extraordinary general meeting held in September this year
 "Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%")
Walmart commits to sourcing $10 bn of India-Made goods each year by 2027
To accelerate its India exports, Walmart will strengthen the development of the supply chain ecosystem in India
 "Walmart commits to sourcing $10 bn of India-Made goods each year by 2027")
Great leaders will make good policy decisions in India: Walmart CEO
McMillon said that competition with Amazon, Reliance, and Paytm is good as it will improve services, bring down costs for consumers and give additional value to producers
 "Great leaders will make good policy decisions in India: Walmart CEO")
Swiggy partners govt to build 'world's largest' street food vendor project
In the first phase alone, Swiggy will onboard about 36,000 vendors to whom the loan has been disbursed in 125 cities by the government
 "Swiggy partners govt to build 'world's largest' street food vendor project")
Facebook India revenue jumps 43%, total expenses at Rs 1,046 cr in FY20
India is the biggest user base for Facebook, with around 328 million users. The firm's WhatsApp messaging app has 400 million users in India, also the world's highest.
 "Facebook India revenue jumps 43%, total expenses at Rs 1,046 cr in FY20")
Amazon, CII partner to bring e-commerce to small enterprises in 10 states
Amazon.in and CII will work closely with the Ministry of MSME to enable lakhs of MSMEs across these states to leverage technology to reach customers in India and globally
Karnataka HC to hear CCI petition against Amazon, Flipkart in January
In October, the CCI appealed in the Supreme Court against the Karnataka High Court's interim stay on its probe against the e-commerce firms
 "Karnataka HC to hear CCI petition against Amazon, Flipkart in January")
Ola to back New Zealand's goal of on-roading 64,000 new EVs by 2021
The introduction of SoftBank-backed Ola's electric scooters will help support New Zealand's public sector become carbon neutral by 2025
 "Ola to back New Zealand's goal of on-roading 64,000 new EVs by 2021")
Truecaller spots 145.4 bn calls; India still in top 10 most spammed list
About 8 out of 10 women in India receive sexual harassment or inappropriate calls and SMSes regularly, according to the new report by Truecaller
 "Truecaller spots 145.4 bn calls; India still in top 10 most spammed list")
DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors
The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users
 "DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors")
