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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Independence Day sales: E-tailers are all smiles after 23% surge in orders
Customers explored offers on millions of products and shop from a wide selection
 "Independence Day sales: E-tailers are all smiles after 23% surge in orders")
Byju's hires Infosys veteran Richard Lobo to steer human resources function
Lobo joins Byju's after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of HR
 "Byju's hires Infosys veteran Richard Lobo to steer human resources function")
Amazon India enabled nearly $8 bn in exports, created 1.3 mn jobs
Amazon had pledged to digitise 10 mn MSMEs, enable $20 bn in cumulative e-commerce exports and create 2 mn jobs in India by 2025. Amazon said it was well on track to fulfil these pledges
 "Amazon India enabled nearly $8 bn in exports, created 1.3 mn jobs")
Nandan Nilekani pitches ONDC to start-ups to democratise e-commerce
VC firm Antler has collaborated with Nilekani, FIDE and ONDC and launched the country's first ONDC-focused venture platform to help entrepreneurs create businesses and succeed on the open protocol
 "Nandan Nilekani pitches ONDC to start-ups to democratise e-commerce")
Gaming unicorn MPL lays off 350 employees, revisits office infra costs
The move comes at a time when the GST Council has recommended imposing a 28 per cent tax on full deposit value, with no distinction made between games of skill and chance
 "Gaming unicorn MPL lays off 350 employees, revisits office infra costs")
IISc team makes indigenous industrial-grade autopilot system for drones
UAV autopilot systems allow an unmanned aerial vehicle, such as a drone, to perform entire missions autonomously without the need for manual remote control
 "IISc team makes indigenous industrial-grade autopilot system for drones")
India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1
In the quarter ending March 2023, these four listed startups in SoftBank's portfolio together added over $100 million to the Vision Fund
 "India's startups add gains of $400 mn to SoftBank's Vision Fund in Q1")
Meesho becomes first horizontal e-commerce company to attain profitability
The SoftBank-backed firm saw over 1 billion orders in last 12 months; its order volumes rose by 43% and revenue by 54%
 "Meesho becomes first horizontal e-commerce company to attain profitability")
Byju's misses August 3 deadline to rework $1.2 billion loan terms
Byju's said no deadline had been missed as "August 3 was merely a hopeful date that was likely to be scheduled for a sign off"
 "Byju's misses August 3 deadline to rework $1.2 billion loan terms")
Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad
Service had successful pilot run in Bengaluru, ensure zero cancellations: Company
 "Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad")
Centre asks e-commerce platforms to stick to their business model
Draft e-commerce policy to be out in few weeks; stakeholder consultation process-led by Goyal held
70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study
About 37% of the startups plan to increase their spending on enterprise applications by more than 15% in 2023
 "70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study")
Meesho says it removed 42 lakh counterfeit products from its platform
Under this project, Meesho has implemented stringent verification processes, engaged in brand partnerships, and leveraged analytical models for fraud detection
 "Meesho says it removed 42 lakh counterfeit products from its platform")
Manipal Group chairman Ranjan Pai in talks to invest in Byju's-owned Aakash
Raveendran may partially offload his stake for $80-90 mn
Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns
Latest deal puts Flipkart's valuation at $35 bn and prepares it for IPO
 "Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns")
Pawan Munjal-backed Exponent unveils 15-minute charging tech for EVs
The energy-tech startup plans to expand operations to five new cities by the end of FY '24 and is targeting to deploy 1,000 e^pumps and 25,000 EVs powered by Exponent, by 2025
 "Pawan Munjal-backed Exponent unveils 15-minute charging tech for EVs")
I see generative AI as a helper, regulation is needed: Salesforce India CEO
'Generative AI allows you to pose the query, not in any particular computer language, but in your own language'
 "I see generative AI as a helper, regulation is needed: Salesforce India CEO")
Indian researchers develop low-cost mobile pollution monitoring tech
They have developed a low-cost mobile air pollution monitoring framework in which, pollution sensors mounted on public vehicles can dynamically monitor the air quality
 "Indian researchers develop low-cost mobile pollution monitoring tech")
Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members
Of the 5%, they will get 4% as Uber credit and 1% as Amazon Pay cashback, which can be used to save more on future rides with Uber and fulfill shopping needs on Amazon.in
 "Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members")
Audio brand boAt scales up to Rs 4,0000 crore in net sales for FY 2022-23
The company said it is well positioned and capitalized to continue to make aggressive investments in establishing itself as a leading wearables brand in the country
 "Audio brand boAt scales up to Rs 4,0000 crore in net sales for FY 2022-23")
