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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Karnataka govt will support setting up US Consulate in Bengaluru: Kharge
Minister Kharge was speaking to delegates of the US Trade Mission to Karnataka and South India who are visiting major Tier-I and Tier-II South Indian cities from 12 to 20 February 2024
 "Karnataka govt will support setting up US Consulate in Bengaluru: Kharge")
UdaanCapital disburses Rs 170 cr to Saint Gobain's distribution network
"We believe in forging strong partnerships to advance our goal of building next-generation working capital products for India's trade," said Chaitanya Adapa, Head of UdaanCapital
 "UdaanCapital disburses Rs 170 cr to Saint Gobain's distribution network")
67% of consumers experienced subscription trap: LocalCircles survey
Over 1 in 2 consumers surveyed who bought something via app or software platforms said they experienced dark patterns like subscription trap, drip pricing and bait and switch, said the survey
 "67% of consumers experienced subscription trap: LocalCircles survey")
With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy
Ola Electric is the only two-wheeler electric company to receive a nod as incumbents struggle with localization standards
 "With second PLI certification, IPO-bound Ola Electric eyes 13% subsidy")
Why startups are flipping back to India in spite of the hefty tax bill
The thing is, if a company wants to move from another country to India as a domicile, it is treated as a capital gains event for existing investors
 "Why startups are flipping back to India in spite of the hefty tax bill")
SoftBank-backed Meesho unveils Valmo to enable low-cost deliveries
Valmo would partner with fulfilment centres across the country. This way, it aims to create a national logistics solution by eliminating entry barriers for local players
 "SoftBank-backed Meesho unveils Valmo to enable low-cost deliveries")
Enterprise fintech industry set to surge, aiming for $20 bn market by 2030
'Large and small banks have started investing heavily in tech and are focusing on scaling their digital business throwing up opportunities for enterprise fintech firms'
 "Enterprise fintech industry set to surge, aiming for $20 bn market by 2030")
PhonePe adds former revenue secretary, 2 Walmart executives to its board
The strengthening of PhonePe's board comes at a time when the government is tightening the regulatory framework. PhonePe's rival Paytm is already facing multiple issues
 "PhonePe adds former revenue secretary, 2 Walmart executives to its board")
upGrad commits Rs 100 crore for 100 'connect and counselling' hubs
Initial reactions have been strong, with over 500 career counselling sessions in the first 30 days. The goal is for the 100 centres to counsel over half a million individuals on their career moves
 "upGrad commits Rs 100 crore for 100 'connect and counselling' hubs")
Vanguard slashes Ola's valuation by another 29% to $1.88 billion
Third markdown by US firm since February 2023
 "Vanguard slashes Ola's valuation by another 29% to $1.88 billion")
Startup world gauges spillover effect of edtech firm Byju's web of crises
Byju's income grew to Rs 5,298.43 crore in FY22. But its losses widened to Rs 8,245.2 crore in FY22. Its total expenses for FY22 rose by 94 per cent to Rs 13,668.44 crore
 "Startup world gauges spillover effect of edtech firm Byju's web of crises")
Byju's pays Jan salaries; Raveendran says moving mountains to make payroll
"To be clear, this fight is only against a few vested interests who were trying to sabotage the company by impeding the rights issue," CEO Raveendran said in a letter addressed to the employees
 "Byju's pays Jan salaries; Raveendran says moving mountains to make payroll")
Byju's fights back: Investors have no voting rights on CEO change
The edtech company responded to statements from select investors calling for an extraordinary general meeting (EGM) to replace founder and group CEO Byju Raveendran
 "Byju's fights back: Investors have no voting rights on CEO change")
Byju's claims 'certain investors' are conspiring against company
Byju's is facing multiple challenges, including a cash crunch, delays in financial reporting and legal disputes with lenders
 "Byju's claims 'certain investors' are conspiring against company")
Key shareholders of Byju's call for EGM, want CEO Raveendran to quit
The current board of Byju's parent Think and Learn mainly consists of Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran
India is well-positioned in the area of AI, says Google's Jeff Dean
"India has tremendous technical talent; there's a long tradition of computer science students in India doing amazing things," said Dr. Dean
 "India is well-positioned in the area of AI, says Google's Jeff Dean")
Walmart-owned Flipkart to roll out same-day delivery across India
Customers will receive their products before midnight if they place their orders by 1 pm. Order fulfilment will take place from Flipkart's warehouses located in various parts of the country
 "Walmart-owned Flipkart to roll out same-day delivery across India")
US-based Fidelity cuts SoftBank-backed Meesho's valuation to $3.5 bn
This is a decline of about 29 per cent from the SoftBank-backed company's peak valuation of $4.9 billion
 "US-based Fidelity cuts SoftBank-backed Meesho's valuation to $3.5 bn")
Uber launches operations in Jammu & Kashmir; starting with Srinagar
Residents of Srinagar and visiting tourists can now book Uber Go and Uber Intercity rides for their mobility needs
 "Uber launches operations in Jammu & Kashmir; starting with Srinagar")
India's M&A thrives: Sustains growth amid global economic slowdown
Mid-market acquirers shine, capturing almost 50% of deals in 2023, says Bain & Company's global M&A report
 "India's M&A thrives: Sustains growth amid global economic slowdown")
