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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Deals worth 7.5 trn to be struck during Karnataka's Global Investors Meet
Union Finance Minister Nirmala Sitharaman said on Wednesday that initially when this global meet was planned, the expectations and targets were somewhere in the range of Rs 5 lakh crore
 "Deals worth 7.5 trn to be struck during Karnataka's Global Investors Meet")
Modi says India best for investments; JSW, Adani commit Rs 1 trn in K'taka
JSW, Adani commit to spend over Rs 1 trn each in Karnataka over 5-7 years
 "Modi says India best for investments; JSW, Adani commit Rs 1 trn in K'taka")
Byju's decides not to shut its Kerala centre after founder meets CM
Byju Raveendran reiterates his commitment to the state, says company spokesperson
 "Byju's decides not to shut its Kerala centre after founder meets CM")
Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar
The Minister of State for Electronics and Information Technology said that despite the deep disruption caused by the pandemic, India as a nation has emerged stronger
 "Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar")
Covid impact shows that work can be done remotely: Wipro's Rishad Premji
IT companies facing high attrition because they chase the same talent pool and should widen their search, he says
 "Covid impact shows that work can be done remotely: Wipro's Rishad Premji")
Economic fundamentals strong, India best place for investment: PM Modi
Doing business in the country easier because of its democracy and reforms, he tells Karnataka investor summit
Flipkart India FY22 revenue at Rs 51,176 cr, loss widens 39% to Rs 3,404 cr
The B2B arm of Walmart-owned e-commerce firm Flipkart reported expenses of Rs 54,580 crore, up about 19% over the previous year
 "Flipkart India FY22 revenue at Rs 51,176 cr, loss widens 39% to Rs 3,404 cr")
Uber says autorickshaw service 'under cloud' in Bengaluru, blames price cap
Aggregators operating in city after High Court stays a state government ban on them providing autos
 "Uber says autorickshaw service 'under cloud' in Bengaluru, blames price cap")
Amazon to delist Appario as seller, renews Frontizo JV for 3 years
The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure
 "Amazon to delist Appario as seller, renews Frontizo JV for 3 years")
Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report
Technology-related jobs have managed to marginally increase their contribution to the overall workforce by 4 per cent, while the hiring trend is slowing down in general
 "Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report")
Truly sorry to those who'll have to leave Byju's, says Raveendran to staff
The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees
 "Truly sorry to those who'll have to leave Byju's, says Raveendran to staff")
No plans to exit Kerala, will hire around 600 people, says Byju's
The total number of Byju's centres across the state will be 14, while no. of employees will increase from 3,000 to 3,600
Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses
The company generated revenue from various sources, such as marketplace, collection, logistics, storage, and advertisements
 "Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses")
Udaan raises $120 mn amid funding winter; plans IPO in 12-18 months
Business-to-business e-commerce firm raises capital from existing investor, was valued at $3.1 billion in January 2021
 "Udaan raises $120 mn amid funding winter; plans IPO in 12-18 months")
Swiggy denies exodus of restaurants amid deep discounting concerns
Amid reports about hundreds of restaurants delisting from Swiggy Dineout, sources said only 20 brands with nearly 400 outlets have delisted from Swiggy's dining out platform
 "Swiggy denies exodus of restaurants amid deep discounting concerns")
Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'
The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing
Byju's employees meet Kerala minister after 170 staff are 'asked to resign'
Byju's booked a loss of Rs 4,588 crore for the financial year ended March 31, 2021, 19 times more than the preceding year, according to its latest financial report
 "Byju's employees meet Kerala minister after 170 staff are 'asked to resign'")
Pine Labs sees huge demand for its buy-now-pay-later service in hinterlands
The fintech unicorn expects to process BNPL transactions worth Rs 5,000 crore this month as an increasing number of customers in small towns are buying products on EMI this festive season
 "Pine Labs sees huge demand for its buy-now-pay-later service in hinterlands")
E-commerce firms give airlines a miss, ship Diwali parcels by road, rail
This comes on the back of tie-ups between e-commerce companies and Indian Railways, and expansion of fulfillment centres which has enabled increased storage and quicker deliveries
 "E-commerce firms give airlines a miss, ship Diwali parcels by road, rail")
We are not here to have a nice time: CEO Aggarwal about Ola's work culture
The yardstick at which the firm would like to be judged is the impact it is creating, said Ola CEO
 "We are not here to have a nice time: CEO Aggarwal about Ola's work culture")
