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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E-commerce firm Meesho recruits 150 during campus hiring, to take in more
Recruitments reflect 'robust road map for 2024', says Meesho, which is an e-commerce firm backed by SoftBank
 "E-commerce firm Meesho recruits 150 during campus hiring, to take in more")
Tech Trends 2024: Culturally aware GenAI, femtech, cybersecurity, deepfakes
Industry leaders say technology will continue to change our lives in the new year and the biggest theme that is expected to emerge is the application of generative AI in different sectors
 "Tech Trends 2024: Culturally aware GenAI, femtech, cybersecurity, deepfakes")
Food, quick delivery platforms clock all-time high orders on New Year's Eve
While Bengaluru, New Delhi, and Mumbai saw the highest number of orders among the metros, cities such as Jaipur, Chandigarh, and Ahmedabad too witnessed significant demand
 "Food, quick delivery platforms clock all-time high orders on New Year's Eve")
Meesho turns profitable with losses halved to Rs 1,675 cr in FY23
The company's revenue grew 77 per cent to Rs 5,735 core
 "Meesho turns profitable with losses halved to Rs 1,675 cr in FY23")
SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO
PI Opportunities Fund-1 is expected to offload over 36 per cent stake and Mahindra & Mahindra would sell over 5 per cent stake as part of the IPO
 "SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO")
FirstCry's parent firm files DRHP; to raise Rs 1,816 crore via fresh issue
The Supam Maheshwari-led company proposes to utilise net proceeds from the offer towards funding the expenditure for setting up new modern stores, a warehouse and lease payments
 "FirstCry's parent firm files DRHP; to raise Rs 1,816 crore via fresh issue")
GenAI, fintech, green tech, EVs, SaaS, hot bets for investors in 2024
In India, GenAI startup ecosystem is unfolding with remarkable speed, signalling a new era of technological advancement and investment opportunities, according to top inventors
US-based Code.org sues Byju's-owned WhiteHat Jr over payment dues
In May 2021, Code.org announced the signing of a licensing agreement with WhiteHat Jr, which at that time was providing tutoring services to over 175,000 students worldwide
 "US-based Code.org sues Byju's-owned WhiteHat Jr over payment dues")
Byju's in talks with investors to raise $300 mn in return for more controls
Shareholders call for board rejig so that they can have a bigger say in ops
 "Byju's in talks with investors to raise $300 mn in return for more controls")
Bhavish Aggarwal set to offload 3.48% stake as part of Ola Electric's IPO
Ola Electric founder Bhavish Aggarwal will sell 47.4 million shares in the SoftBank-backed firm, contributing almost half of the OFS
 "Bhavish Aggarwal set to offload 3.48% stake as part of Ola Electric's IPO")
Dealing with deepfakes requires vigilance, investment: Yatharth Saraf
The director of machine learning at social media platforms ShareChat and Moj says consumers and companies will adapt to such misinformation
 "Dealing with deepfakes requires vigilance, investment: Yatharth Saraf")
Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale
The Issue is a fresh issue of equity shares up to Rs 5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of Rs 10
 "Ola Electric to launch IPO, looks to raise Rs 5,500 cr via fresh share sale")
Lawyers say Byju's in good health, BCCI's plea to be heard on Jan 17
Byju's gave this response when the NCLT inquired about the company's current status during the hearing of the insolvency plea filed by BCCI against the company
 "Lawyers say Byju's in good health, BCCI's plea to be heard on Jan 17")
Parent company Walmart infuses nearly $600 mn in e-commerce giant Flipkart
The e-commerce firm company is in conversations with investors to raise a total of $1 billion to give it enough firepower to Flipkart to counter competition
 "Parent company Walmart infuses nearly $600 mn in e-commerce giant Flipkart")
Warehouse robotics firm GreyOrange closes $135 mn Series D funding
GreyOrange will deploy the growth capital to accelerate the company's technology and continue its global expansion
 "Warehouse robotics firm GreyOrange closes $135 mn Series D funding")
Think and Learn presents edtech Byju's 3.0 proposal to investors at AGM
Byju's says FY22 earnings were approved at the AGM as well as the reappointment of BDO as the statutory auditors of the company.
Social media unicorn ShareChat lays off 200 employees to reduce costs
This is the second such move this year for the Indian regional social network
 "Social media unicorn ShareChat lays off 200 employees to reduce costs")
Indian team played key role in developing combustion tech: JCB India CEO
"We ensure that a technology is validated for its intended working conditions and gather feedback from customers and team members before commercial use"
 "Indian team played key role in developing combustion tech: JCB India CEO")
India plays an important role in our R&D work: FICO CPTO Bill Waid
Waid discusses the pivotal role India will play in FICO's technological advancements and the company's plans to expand its operations, including enlarging its R&D team in the country
 "India plays an important role in our R&D work: FICO CPTO Bill Waid")
Swiggy unveils Pockethero, food delivery for budget-conscious customers
In-app service offers free delivery and up to 60% discounts, will list restaurants within three km of a customer
 "Swiggy unveils Pockethero, food delivery for budget-conscious customers")
