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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Facebook co-founder's investment fund closes third series at $2.1 bn
Firm will invest in financial services, healthcare tech, enterprise software space
 "Facebook co-founder's investment fund closes third series at $2.1 bn")
GoMechanic cooked the books, say investors as 70% staff is laid off
According to people in the know, investors may now ask GoMechanic founders to take leave of absence
 "GoMechanic cooked the books, say investors as 70% staff is laid off")
After criticism, Byju's introduces new process to verify customer consent
Technology-drive policy to check all sales thrice, says edtech giant
 "After criticism, Byju's introduces new process to verify customer consent")
Fortis in Bengaluru completes 500 robotic aided urology procedures
The 500 robot-aided surgeries include complex robotic procedures encompassing the entire gamut of Uro-Oncology, Uro-Gynaecology, Reconstructive Urology and Kidney Transplant
 "Fortis in Bengaluru completes 500 robotic aided urology procedures")
For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse
The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse
 "For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse")
Flipkart, PhonePe complete separation as fintech firm preps for fundraise
PhonePe in talks with parent Walmart, General Atlantic, and other investors to raise about $700 mn
 "Flipkart, PhonePe complete separation as fintech firm preps for fundraise")
Motorbikes, CVs to lithium-ion cells: Ola Electric's focus for 2023
The SoftBank-backed firm is also on track to bring electric cars to market by 2024
 "Motorbikes, CVs to lithium-ion cells: Ola Electric's focus for 2023")
Uber to hire 800 women techies for two new programmes by next year
The ride-hailing firm said it has gained by hiring women techies in terms of improving quality and productivity
 "Uber to hire 800 women techies for two new programmes by next year")
Mumbai to Mirzapur: Meesho witnesses a record 910 million orders in 2022
At about 140 million, Meesho said its annual transacting users exceed the combined population of the top three nations in FIFA World Cup 2022: France, Argentina and Croatia
 "Mumbai to Mirzapur: Meesho witnesses a record 910 million orders in 2022")
One day in office, remote work for rest of the week for Meesho employees
E-commerce firm's Flexi-Office model offers employees financial support for relocating
Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company
The IT services company which was established four decades ago is focusing on cutting-edge innovations in areas such as cybersecurity, cloud computing and data analytics
 "Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company")
I'm last of the jokers left; no plan B after I leave Infosys: Nilekani
'I was completely wrong,' Murthy rues not allowing founders' children to join the company
 "I'm last of the jokers left; no plan B after I leave Infosys: Nilekani")
Tech firm Astrome takes high-speed internet to India's hinterlands
IISc-backed Astrome has deployed India's first indigenous technology to facilitate rural 4G and 5G connectivity for the BharatNet Project.
 "Tech firm Astrome takes high-speed internet to India's hinterlands")
Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan
The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds
 "Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan")
On Udaan network, local mobile accessory brands take wings in 'Bharat'
Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business
 "On Udaan network, local mobile accessory brands take wings in 'Bharat'")
Drug, medical services firm PharmEasy may lay off hundreds of employees
The company has a total workforce of about 1500
 "Drug, medical services firm PharmEasy may lay off hundreds of employees")
upGrad's acquisition of test-prep provider Exampur may hit roadblock
Disagreement over valuation of Noida-based company which wants more from the deal, says source
 "upGrad's acquisition of test-prep provider Exampur may hit roadblock")
We are committed to India; review process is normal: Amazon India's Tiwary
I don't think there are too many countries still projecting 6.5 per cent or 7 per cent (GDP) growth….. We would evaluate and sometimes, some people would be asked to separate
 "We are committed to India; review process is normal: Amazon India's Tiwary")
Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year
It has sacked over 1,100 employees, so far, amid funding winter
 "Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year")
Amazon sees 'huge opportunity' for India grocery service: Executive
Grocery business will spread 'deep into Bharat', says e-commerce firm as it shuts down some other smaller units
 "Amazon sees 'huge opportunity' for India grocery service: Executive")