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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Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka
The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore
 "Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka")
TVS Motor Company to invest Rs 2,000 crore in Karnataka, set up GCC centre
Export revenues from the Mysuru factory exceed Rs 1,200 crore out of Rs 7,600 crore total revenue. The company aims to double its export and overall revenues from Mysuru operations
 "TVS Motor Company to invest Rs 2,000 crore in Karnataka, set up GCC centre")
JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka
Karnataka continues to be JSW's karmabhoomi with major expansions in steel, energy, infrastructure, cement, and paints
 "JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka")
Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh
Using Amazon's nationwide logistics network, customers can now access a wide range of medicines, with same-day delivery available in 23 cities, including top metros and Tier-II cities
 "Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh")
Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka
Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk
 "Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka")
Aequs, Tramontina form joint venture to produce cookware in India
The facilities at the Hubballi Durable Goods Cluster will manufacture products for customers in India and abroad
 "Aequs, Tramontina form joint venture to produce cookware in India")
Nirmata raises $9.6 million to expand AI-driven cloud-native solutions
As AI-driven applications drive the surge in cloud-native technologies, businesses are rapidly adopting new solutions and building platform engineering teams
 "Nirmata raises $9.6 million to expand AI-driven cloud-native solutions")
Venturi Partners invests $25 million in affordable footwear brand JQR
This funding will allow JQR to expand its offline presence to new markets as well as launch its online channel
 "Venturi Partners invests $25 million in affordable footwear brand JQR")
Razorpay marks 10 years, targets about $400 billion in TPV by 2030
The company's next target is focused on transforming the payment experience for more than 1 billion consumers
 "Razorpay marks 10 years, targets about $400 billion in TPV by 2030")
Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%
Its revenue from operations in Q3FY25 dropped 19.36 per cent to Rs 1,045 crore, down from Rs 1,296 crore in the same period last year (YoY)
 "Ola Electric Q3 results: Net loss widens to Rs 564 cr, revenue drops 19%")
Cognida.ai raises $15 million to transform enterprise AI adoption
Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable
 "Cognida.ai raises $15 million to transform enterprise AI adoption")
TrueFoundry secures $19 million to transform AI deployment at scale
The Series A funding will allow TrueFoundry to accelerate its mission towards building a universal platform to develop and deploy AI applications with zero infrastructure hassles
 "TrueFoundry secures $19 million to transform AI deployment at scale")
US-based AI company Phenom acquires talent mobility platform EDGE
Phenom aims to double its workforce within the next two years across its existing offices in Hyderabad, Vizag, and Bengaluru
 "US-based AI company Phenom acquires talent mobility platform EDGE")
Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%
Swiggy's food delivery business gross order value (GOV) grew 19.2 per cent Y-o-Y to Rs 7,436 crore
 "Swiggy Q3 results: Net loss widens to Rs 799 crore, GOV grows 38%")
Flipkart's chief product and technology officer Venugopal steps down
Venugopal's exit follows a series of senior-level departures from the Walmart-owned company last year, which has been attributed to a larger organisational restructuring
 "Flipkart's chief product and technology officer Venugopal steps down")
Edtech company Great Learning launches AI Mentor and AI Teacher
Since its rollout across select cohorts of learners over the past few months, the AI Mentor has made a significant impact, with over 400,000 coding hints generated
 "Edtech company Great Learning launches AI Mentor and AI Teacher")
Drone battery tech co Dreamfly Innovations raises $1.4 mn in seed funding
In a seed round, a startup raises funds to establish its business. The firm plans to use this fund to scale production capabilities, team expansion and research and development
 "Drone battery tech co Dreamfly Innovations raises $1.4 mn in seed funding")
VC investors take leading role in guiding startups through AI disruption
From advising on strategic integrations to connecting with top-tier AI talent, VCs are offering more than just capital
 "VC investors take leading role in guiding startups through AI disruption")
Tech leaders, startup founders, investors welcome Budget 2025-26
The Budget announced a new Fund of Funds (FoF) with an expanded scope of Rs 10,000 crore
 "Tech leaders, startup founders, investors welcome Budget 2025-26")
Good Glamm Group looks to raise Rs 250 crore amid financial challenges
Sources privy to the development said that the company is actively streamlining its operations to address various challenges
 "Good Glamm Group looks to raise Rs 250 crore amid financial challenges")
