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.
Page 35 - Peerzada Abrar/workspace/business Standard Web/undefined
Amazon India creates over 100K seasonal jobs ahead of festive season
Amazon has hired thousands of women and nearly 1,900 individuals with disabilities into its existing network. The majority of these new hires have already been onboarded
 "Amazon India creates over 100K seasonal jobs ahead of festive season")
Centricity's valuation reaches $125 mn in funding round led by Lightspeed
Centricity plans to utilise the fresh capital to expand its operations. The company intends to double its tech development team from 75 to over 150 specialists
 "Centricity's valuation reaches $125 mn in funding round led by Lightspeed")
Nestasia secures $8.35 million from Susquehanna Asia VC and Stellaris
Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated selection of home decor and lifestyle products across six key categories
 "Nestasia secures $8.35 million from Susquehanna Asia VC and Stellaris")
Swiggy plans to raise Rs 5,000 crore via fresh issue in upcoming IPO
The Bengaluru-based company had already targeted Rs 6,664 crore through an offer for sale (OFS)
 "Swiggy plans to raise Rs 5,000 crore via fresh issue in upcoming IPO")
Pluckk implements computer vision tech to check defects in fruits, veggies
The farm-to-fork fruits and vegetable company said investing in such technologies is critical, as the firm is scaling up operations to meet diverse customer needs across retail, restaurants
 "Pluckk implements computer vision tech to check defects in fruits, veggies")
E-commerce industry plans to hire in big numbers this festival season
Last year in October, Amazon India said it created more than 1,00,000 seasonal job opportunities across its operations network for the Indian festive season
 "E-commerce industry plans to hire in big numbers this festival season")
US judge refuses lender request to block edtech firm Byju's payment to BCCI
Expresses deep concern about being asked to interfere with proceedings in another country's judicial system
 "US judge refuses lender request to block edtech firm Byju's payment to BCCI")
E-commerce adoption surges in Bharat; tier 4+ users lead as repeat shoppers
With about 80 per cent of its 15 crore annual transacting customers coming from tier 2, 3 and 4 and beyond towns, Meesho has been instrumental in bringing new-to-e-commerce users online
 "E-commerce adoption surges in Bharat; tier 4+ users lead as repeat shoppers")
Serial entrepreneur Suman Gandham launches AI-mobility company Dacio
He aims to make India's roads safer by harnessing the power of artificial intelligence and machine learning technologies
 "Serial entrepreneur Suman Gandham launches AI-mobility company Dacio")
Shopsy intensifies efforts to tap millions of shoppers in rural India
The primary focus is on the Bharat consumer, particularly households with an annual income of less than Rs 10 lakh
 "Shopsy intensifies efforts to tap millions of shoppers in rural India")
GenAI helped reduce customer support chat costs by 90%: Meesho CTO Barnwal
We continue to be the most downloaded shopping app for two to three consecutive years, he says
 "GenAI helped reduce customer support chat costs by 90%: Meesho CTO Barnwal")
Competitors unfazed by Flipkart's 10-minute delivery service foray
Execs at rival players say they'll be concerned only after the e-commerce giant succeeds in this space
 "Competitors unfazed by Flipkart's 10-minute delivery service foray")
Amazon India head Manish Tiwary resigns, plans to join another company
Tiwary will continue with Amazon until October to help ensure a smooth transition
 "Amazon India head Manish Tiwary resigns, plans to join another company")
Flipkart's 10-min quick commerce service 'Minutes' goes live in Bengaluru
The service has been launched across areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli
 "Flipkart's 10-min quick commerce service 'Minutes' goes live in Bengaluru")
Swiggy Instamart appoints Sairam Krishnamurthy as chief operating officer
Krishnamurthy's appointment follows a series of senior hires at the quick commerce platform
 "Swiggy Instamart appoints Sairam Krishnamurthy as chief operating officer")
ShareChat expands its convertible debentures round to $65 million
The additional funds will be invested in company's advertising tech stack
 "ShareChat expands its convertible debentures round to $65 million")
Myntra CEO Sinha gets additional responsibility to lead Flipkart Fashion
Arief Mohamad, the vice president and head of Flipkart Fashion, is leaving the e-commerce company after spending nine years at the firm, according to sources
 "Myntra CEO Sinha gets additional responsibility to lead Flipkart Fashion")
Byju Raveendran takes charge of Byju's as NCLAT accepts BCCI settlement
The NCLAT noted that "money being offered by the largest shareholder and former promoter (Riju Raveendran) has nothing to do with the US lenders, which gives the court power to rule"
Meesho strengthens board with appointment of four independent directors
Meesho's new board members are expected to play a key role in advancing its strategic goals
 "Meesho strengthens board with appointment of four independent directors")
Ola Electric's $734 million IPO to fetch nearly $100 mn to Hyundai Motor
Hyundai Motor Company's 108.8 million equity shares or 2.95% stake is valued at $99 million at the highest price band of Rs 76 per share
 "Ola Electric's $734 million IPO to fetch nearly $100 mn to Hyundai Motor")
