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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Restructuring at Ola group likely to take away 200 engineering jobs
Aim is to minimize redundancy and centralise operations, says company
 "Restructuring at Ola group likely to take away 200 engineering jobs")
Walmart India team playing key role in innovation: CEO Doug McMillon
He added that they've changed the way people spend and save and their perception of value as well as how they travel, communicate, and work
 "Walmart India team playing key role in innovation: CEO Doug McMillon")
Did Byju's bite off more than it could chew?
Education technology company Byju's FY21 revenues came in flat, and its losses have widened about 20 times. While it may survive this crisis, questions still remain around the future of the unicorn
 "Did Byju's bite off more than it could chew?")
Trying to be prudent in this macroeconomic environment: Flipkart CEO
'We have focused on compliance as a very key and fundamental pillar of the company for the last several years', he said
 "Trying to be prudent in this macroeconomic environment: Flipkart CEO")
We are set to conduct the biggest fashion festive sale: Myntra CEO
Myntra platform is geared to handle 13,000 orders per minute during the online fashion retailer's festive sale event this month
 "We are set to conduct the biggest fashion festive sale: Myntra CEO")
Edtech start-up upGrad acquires corporate training solutions firm Centum
Company led by entrepreneur Ronnie Screwvala is on an acquisition spree and last month bought Exampur, a test-prep provider for state jobs
 "Edtech start-up upGrad acquires corporate training solutions firm Centum")
With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks
Raising hopes for the subsequent year, 2021-22, the company disclosed unaudited results that show nearly Rs 10,000 crore in gross revenues
 "With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks")
We are being penalised far more than we should have been: Byju Raveendran
In growing fast, we would have overlooked a few things and that's why we are being penalised a lot more than we should have been
 "We are being penalised far more than we should have been: Byju Raveendran")
Despite 8% sales growth, Amazon Retail India saw Rs 794-crore loss in FY22
The numbers come amid preparations for Amazon's month-long flagship sale event The Great Indian Festival (TGIF), which starts on September 23
 "Despite 8% sales growth, Amazon Retail India saw Rs 794-crore loss in FY22")
Amazon Seller Services reports Rs 3.6K-crore loss; revenue up 32%
E-commerce firm's units for digital payments and selling cloud service report losses too for FY22
 "Amazon Seller Services reports Rs 3.6K-crore loss; revenue up 32%")
Live commerce to virtual try on: Flipkart revamps app to woo customers
Introduces Image Search, Live Commerce, and Virtual try-ons for a better discovery experience for customers
 "Live commerce to virtual try on: Flipkart revamps app to woo customers")
Myntra creates 16,000 jobs to cater to surge in festive season demand
The ramp-up includes the addition of over 6,300 personnel to fulfil demand across first- and mid-mile delivery and 3,000 personnel to cater to last-mile delivery
 "Myntra creates 16,000 jobs to cater to surge in festive season demand")
Now, book a bus ride in Gurugram on Uber; service in other cities soon
This pilot will start with Gurugram CNG AC buses on the top-two routes during peak commute hours
 "Now, book a bus ride in Gurugram on Uber; service in other cities soon")
Organic dairy firm Akshayakalpa raises $15 million to expand across India
Akshayakalpa plans to invest in Bengaluru, Chennai, and Hyderabad markets, and expand into new geographies of Pune, Mumbai and Kochi
 "Organic dairy firm Akshayakalpa raises $15 million to expand across India")
E-commerce giants may clock $11.8 bn in gross festive sales: Redseer
The massive growth in festive sales will further push the overall online retail GMV (gross merchandise value), which stood at $52 billion in 2021, to grow by 30 per cent to reach $68 billion in 2022
 "E-commerce giants may clock $11.8 bn in gross festive sales: Redseer")
Onboarding of e-commerce giants crucial to ensure success of ONDC
There are also players such as Google and Reliance-backed Dunzo, Paytm, PhonePe and Reliance Retail-owned last-mile logistics company, Grab, which are joining ONDC to provide various services
 "Onboarding of e-commerce giants crucial to ensure success of ONDC")
Flipkart launches Flipkart Hotels for domestic, international market
Flipkart Hotels will provide customers with the opportunity to book hotel rooms across 300,000 domestic and international hotels
 "Flipkart launches Flipkart Hotels for domestic, international market")
Flipkart launches hotel-booking service, sees travel industry gaining
Flipkart Hotels will provide room bookings at 3 lakh domestic and international hotels. It will offer customers services like flexible travel and booking-related policies, and easy EMI options
SoftBank, others in talks to lead $75-million funding in GoMechanic
"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development
 "SoftBank, others in talks to lead $75-million funding in GoMechanic")
Unacademy launches 50 new channels to democratise online education
Unacademy recently said that it has been focusing on frugality as its core value
 "Unacademy launches 50 new channels to democratise online education")
