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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Meesho surpasses Amazon in festive order volumes, Flipkart leads the market
E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events
 "Meesho surpasses Amazon in festive order volumes, Flipkart leads the market")
Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares
Action after complaints of overcharging
 "Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares")
Festival sales: Consumer firms see robust demand across categories
E-commerce firms and online retailers too have been having swinging times
 "Festival sales: Consumer firms see robust demand across categories")
Cleartrip 2.0: The second coming of the 16-year-old travel company
Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms
 "Cleartrip 2.0: The second coming of the 16-year-old travel company")
Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC
Company will use the money to strengthen manufacturing, supply chain and hire talent
 "Commercial EV maker Euler Motors raises $60 mn in funding round led by GIC")
Algo rhythm: Over 14 million cyber-attacks blocked daily, says report
The report is the outcome of an analysis of more than 1,200 websites and over 12 billion requests that the Indusface AppTrana network received in August-September 2022
 "Algo rhythm: Over 14 million cyber-attacks blocked daily, says report")
Big Billion Days: Flipkart witnesses over 1 billion customer visits
The e-commerce firm also said TBBD 2022 marked more than 100 per cent increase in crorepati sellers on the marketplace since the last edition
 "Big Billion Days: Flipkart witnesses over 1 billion customer visits")
SoftBank-backed Meesho records nearly 68% jump in festival sales
Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.
Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P
Amazon India has witnessed a significant demand for services from Tier-1 and Tier-2 regions for its flagship sale event
 "Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P")
Consumer companies expect strong sales revival this festival season
There are expectations of a good kharif crop as well
 "Consumer companies expect strong sales revival this festival season")
E-com giants clock $3.5 billion in first four days of festival sales
If this trend is maintained, the figure may cross $5.9 bn during the first week
 "E-com giants clock $3.5 billion in first four days of festival sales")
Gameskraft Technology faces Rs 21,000-crore tax notice for 'GST evasion'
The Council is expected to meet next month to take up the panel's report on the issue
 "Gameskraft Technology faces Rs 21,000-crore tax notice for 'GST evasion'")
1.6 mn users per second on Flipkart app as 'Big Billion Days' sales kick in
Early trends indicate that the overall consumer sentiment towards festive shopping is positive
WhatsApp Pay India head Manesh Mahatme quits, likely to return to Amazon
Mahatme played a role in helping WhatsApp to win regulatory approval to more than double the number of users of its payments service in India to 100 million
 "WhatsApp Pay India head Manesh Mahatme quits, likely to return to Amazon")
Inclusion of OTT platforms in Telecom Bill maybe a risk to digital economy
The Department of Telecommunications (DoT) released the draft Indian Telecommunication Bill, 2022, late on Wednesday
 "Inclusion of OTT platforms in Telecom Bill maybe a risk to digital economy")
E-com firms ramp up hiring delivery staff to meet festival season demand
Companies such as Flipkart, Amazon, Meesho and Myntra are gearing up to host their biggest festive sale events without covid restrictions for the first time in three years
 "E-com firms ramp up hiring delivery staff to meet festival season demand")
Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms
E-commerce firms are also bringing in various technology interventions that will help them handle the scale of business this season and enhance customer experience
 "Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms")
Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end
The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells
 "Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end")
Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff
Byju's, which is valued at $22 billion, said last week it had earned Rs 2,428 crore in revenues in FY21 and incurred a loss of Rs 4,588 crore
 "Byju's focusing on profitable growth, $2 bn revenue in sight: CEO to staff")
Meesho taps Bharat in its battle with Amazon, Flipkart this festive season
The SoftBank-backed firm is expecting 80% of its orders to come from rural India, which includes small towns and cities
 "Meesho taps Bharat in its battle with Amazon, Flipkart this festive season")
