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.
Peerzada Abrar
NCLAT dismisses appeal by Think & Learn RP in Aakash shareholding row
NCLAT refuses to interfere with interim order in Aakash shareholding case, saying it was consensual and interlocutory; matter returns to NCLT Bengaluru for hearing
 "NCLAT dismisses appeal by Think & Learn RP in Aakash shareholding row")
India's IT giants can't afford to sit out the AI race, says senior official
Infosys, TCS ramp up GPU investments and staff upskilling to pivot from service delivery to proprietary AI products. "Surviving without AI will be very difficult," says MeitY's Abhishek Singh
 "India's IT giants can't afford to sit out the AI race, says senior official")
India doubles down on AI with Rs 10,000 crore fund, 50,000 GPU ambition
With another round of bidding closing in early June, Abhishek Singh, Additional Secretary at the MeitY anticipates an additional 15,000 to 16,000 GPUs will be secured
 "India doubles down on AI with Rs 10,000 crore fund, 50,000 GPU ambition")
Amazon India adds flat ₹5 fee on all customer orders, Prime included
Amazon India introduces ₹5 marketplace fee across all orders including Prime, following Flipkart and quick-commerce peers; exemptions apply to digital purchases
 "Amazon India adds flat ₹5 fee on all customer orders, Prime included")
Meesho deepens personal care focus with HUL, P&G, Himalaya tie-ups
Partnerships with major FMCG brands bring personal care staples like Dove, Gillette, and Himalaya to Meesho Mall as demand grows in price-sensitive Indian markets
 "Meesho deepens personal care focus with HUL, P&G, Himalaya tie-ups")
Bessemer names Pankaj Mitra as partner to bolster India investments
Tech veteran to focus on AI, enterprise software, and cybersecurity for private equity firm
 "Bessemer names Pankaj Mitra as partner to bolster India investments")
Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute
Aakash urges NCLT to add EY and its partner as parties in Byju's dispute, citing conflict of interest and alleging professional misconduct in corporate advisory role
 "Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute")
Flipkart may exit Aditya Birla Fashion through ₹600 crore block deal
Walmart-owned e-commerce firm to offload remaining 6 per cent stake as part of strategic shift; Goldman Sachs managing the transaction
 "Flipkart may exit Aditya Birla Fashion through ₹600 crore block deal")
Cricket icon Jonty Rhodes backs Indian sports and fitness brand UpUrFit
The company operates in a segment projected to reach $40 billion by 2030, growing at a compound annual rate of 19 per cent
 "Cricket icon Jonty Rhodes backs Indian sports and fitness brand UpUrFit")
Udaan raises $114 mn from M&G Investments, Lightspeed ahead of planned IPO
The funding is expected to bolster Udaan's balance sheet and provide added financial flexibility ahead of its planned IPO
 "Udaan raises $114 mn from M&G Investments, Lightspeed ahead of planned IPO")
Snitch raises $40 mn to expand men's fashion brand in India, overseas
Snitch to double retail footprint, enter quick commerce, expand categories, and pilot international markets with fresh funding
 "Snitch raises $40 mn to expand men's fashion brand in India, overseas")
Flipkart expects 200 million visits as 'End of Season Sale' begins
The Walmart-backed firm is offering products from over 70,000 brands and sellers, featuring 1,000-plus curated style trends across apparel, beauty, and lifestyle
Myntra adds 20,000 jobs for EORS, expands workforce across India
With 22 per cent women recruits and hires from across India, Myntra expands its logistics, delivery, and customer support workforce for the 22nd End of Reason Sale
 "Myntra adds 20,000 jobs for EORS, expands workforce across India")
India a huge opportunity in ecommerce: Walmart executive Kathryn McLay
The retail giant is supporting Flipkart in accelerating quick commerce investment and leveraging global supply-chain expertise to expand digital reach
 "India a huge opportunity in ecommerce: Walmart executive Kathryn McLay")
Snabbit raises $19 mn to expand on-demand home services across India
Backed by Lightspeed, Elevation, and Nexus, the startup aims to enter 200 micro-markets and build a tech-enabled platform for rapid household services
 "Snabbit raises $19 mn to expand on-demand home services across India")
Saarathi Finance raises ₹475 cr to boost MSME lending in rural India
TVS Capital, Lok Capital and others back newly licensed NBFC to expand credit access for underserved MSMEs in semi-urban and rural India, valuing firm at ₹900 crore
 "Saarathi Finance raises ₹475 cr to boost MSME lending in rural India")
Myntra raises ₹1,062 cr from parent firm in fresh capital infusion
The Flipkart-owned platform eyes growth in Singapore and beyond, posts Rs 30.9 crore profit in FY24, and readies for its flagship sale event starting May 31
 "Myntra raises ₹1,062 cr from parent firm in fresh capital infusion")
Unacademy co-founders may step back, refocus on new edtech venture Airlearn
Gaurav Munjal and Roman Saini are set to step back from Unacademy's operations as the firm prepares a leadership shift and spins off its language platform Airlearn
 "Unacademy co-founders may step back, refocus on new edtech venture Airlearn")
AWS backs India's $1 trillion digital economy push with Generative AI
Satinder Pal Singh of AWS India explains how cloud and AI tools are helping enterprise, startups and public platforms scale innovation across key sectors
 "AWS backs India's $1 trillion digital economy push with Generative AI")
Fleetx raises ₹113 crore in Series C, aims for profitability and IPO
Fleetx will use the fresh capital to enhance product capabilities, double ARR, expand enterprise sales, and move towards profitability and IPO readiness within a year
 "Fleetx raises ₹113 crore in Series C, aims for profitability and IPO")
