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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Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car
SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance
 "Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car")
Customers may see lower discounts, fewer end-of-season stocks on sale
Sale days are also likely to be reduced as retailers emerge from pandemic to post strong surge in business-as-usual (BAU) sales
 "Customers may see lower discounts, fewer end-of-season stocks on sale")
Logistics firm Delhivery to provide same-day delivery in 15 cities
Service will improve consumer experience and reduce return rates, says company that recently launched an IPO
 "Logistics firm Delhivery to provide same-day delivery in 15 cities")
AlphaSense looks to increase India presence, raises $225 mn in funding
The firm said its annual recurring revenue (ARR) now exceeds $100 million
 "AlphaSense looks to increase India presence, raises $225 mn in funding")
ShareChat's valuation crosses $5 bn after closing $520 mn funding round
Social media company raises $255 mn from Google, Times Group and existing investors
 "ShareChat's valuation crosses $5 bn after closing $520 mn funding round")
What we're building in India is for next 100 years: Amazon's Manish Tiwary
Coffee with BS: Meet Manish Tiwary, Vice-President & Country Manager, India Consumer Business, Amazon
 "What we're building in India is for next 100 years: Amazon's Manish Tiwary")
Uber's package delivery service drives rapid growth for small businesses
Uber Connect is helping deliver packages across 23 cities. Total deliveries over the past two years have covered a distance enough to circumnavigate the earth 1,100 times
 "Uber's package delivery service drives rapid growth for small businesses")
US firm SentinelOne sets up Bengaluru centre to fight cyberattacks
Plans to invest $50 mn for expansion into the Indian market, and expand talent base by 500 in the coming years
 "US firm SentinelOne sets up Bengaluru centre to fight cyberattacks")
Bengaluru ranks 5th globally for tech VC investments in 2022: Report
The city's tech firms have raised $7.5 bn in tech venture capital investment so far in 2022 - more than any other year previously
 "Bengaluru ranks 5th globally for tech VC investments in 2022: Report")
BlackBuck bounces back from Covid, reimagines its trucking business model
The Tiger Global and Sequoia-backed unicorn plans to deepen its reach from 100,000 villages currently to over 300,000 villages, and scale its existing businesses 3x by 2023
 "BlackBuck bounces back from Covid, reimagines its trucking business model")
PhonePe sells over 1 mn two wheeler insurance policies on its platform
Sees over 75% of overall insurance purchases from tier 2 & 3 cities
 "PhonePe sells over 1 mn two wheeler insurance policies on its platform")
NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr
The deal involves a Rs 1,431-crore investment by the US major to purchase a 49 per cent stake in Kishore Biyani-led Future Coupons Pvt Ltd (FCPL) in 2019
 "NCLAT rejects Amazon plea against CCI order, directs to pay Rs 201 cr")
Big role for tech team as Uber India builds products for global markets
They handle critical functions for Uber, such as rider engineering, Eats engineering, infra-tech, data, maps, Uber for Business and fintech
 "Big role for tech team as Uber India builds products for global markets")
Tencent buys stake worth $264 mn in Flipkart from co-founder Binny Bansal
Binny Bansal now holds 1.84% in Flipkart after this deal with Tencent Cloud Europe BV
 "Tencent buys stake worth $264 mn in Flipkart from co-founder Binny Bansal")
SAP to double investments in India, sees 'major growth': Executive
Indian talent is 'unbelievable', says Thomas Saueressig, who is a member of the German firm's executive board.
 "SAP to double investments in India, sees 'major growth': Executive")
InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer
New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.
 "InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer")
Beauty start-up Purplle raises $33 mn in funding, gets unicorn status
It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.
 "Beauty start-up Purplle raises $33 mn in funding, gets unicorn status")
Amazon India says it stepping up support plan for LGBTQAI+ employees
Same-gender partner of a worker can sign up for health insurance programme, says company.
 "Amazon India says it stepping up support plan for LGBTQAI+ employees")
Amazon blocked 4 bn bad listings in 2021: Director-global brand relations
Amazon's automated technology scanned over 8 billion attempted changes to product detail pages daily for signs of potential abuse, compared to more than 5 billion in 2020
 "Amazon blocked 4 bn bad listings in 2021: Director-global brand relations")
Future Group, its promoters 'orchestrated and committed' fraud, says Amazon
Warns of legal action to block sale of FRL assets to Reliance Retail as part of a $3.4-billion deal
 "Future Group, its promoters 'orchestrated and committed' fraud, says Amazon")
