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.
Page 2 - Peerzada Abrar
Various product categories available via Flipkart Minutes during EOSS sale
Flipkart has announced its 'End of Season Sale' (EOSS) event beginning December 7, 2024
 "Various product categories available via Flipkart Minutes during EOSS sale")
We continue to grow ahead of the market, says Myntra CEO Nandita Sinha
Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year
 "We continue to grow ahead of the market, says Myntra CEO Nandita Sinha")
Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now'
With the launch of M-Now, Myntra is among the first vertical players of scale globally to start delivering fashion at hyper speed
 "Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now'")
PierSight's Varuna satellite set for 24/7 all-weather maritime surveillance
The company has developed Varuna, a maritime surveillance satellite that will aboard the Isro's PSLV launcher as a secondary payload aboard the POEM platform, to help perform in-orbit experiments
 "PierSight's Varuna satellite set for 24/7 all-weather maritime surveillance")
Swiggy Q2 results: Loss narrows to Rs 626 cr, revenue up 30% at Rs 3,601 cr
Swiggy's overall Gross Order Value (GOV) grew 30 per cent year-on-year to reach Rs 11,306 crore, reported the company for the quarter and half-year ended September 30, 2024
 "Swiggy Q2 results: Loss narrows to Rs 626 cr, revenue up 30% at Rs 3,601 cr")
Swiggy expects positive adjusted EBITDA by Q3FY26: Sriharsha Majety
Majety said that he is expecting to see a new wave of opportunities and selection opening for the quick commerce business
 "Swiggy expects positive adjusted EBITDA by Q3FY26: Sriharsha Majety")
Razorpay partners MHA and I4C to boost digital payments security
This collaboration aims to empower businesses and end customers with critical knowledge to protect themselves while promoting widespread awareness about cybersecurity across India
 "Razorpay partners MHA and I4C to boost digital payments security")
Swiggy expands its 10-minute delivery offering 'Bolt' to over 400 cities
Bolt is now active not only in emerging hubs, but also in Tier-2 and -3 cities such as Roorkie, Guntur, Warangal, Patna, Jagtial, Solan, Nashik, and Shillong
 "Swiggy expands its 10-minute delivery offering 'Bolt' to over 400 cities")
AI helping ixigo to build travel tech for the next billion Indians
Ixigo's AI-driven trip-planning tool, 'PLAN', has crafted over 282,700 personalised itineraries, engaging more than 1.5 million users since its launch last year
 "AI helping ixigo to build travel tech for the next billion Indians")
Retailers eye big gains from Black Friday sale as shoppers go all out
Apparel retailers are also optimistic. The winter chill, coupled with the bustling wedding season, has pushed up demand for thicker clothing and occasion wear
 "Retailers eye big gains from Black Friday sale as shoppers go all out")
SC directs Aakash Educational Services not to implement AoA amendment plan
Minority shareholders of Aakash have alleged that the company was trying to dilute their shareholding in the company by amending the Articles of Association (AoA)
 "SC directs Aakash Educational Services not to implement AoA amendment plan")
Amazon workers in India join protest for better wages, working conditions
The protests come at a time when Amazon India has announced its inaugural Black Friday event, running from November 29 to December 2
 "Amazon workers in India join protest for better wages, working conditions")
TransUnion's GCC India expands in Pune to accommodate growing capabilities
India's Global Capability Centres (GCCs) projected to become a $100 billion industry by 2030, employing over 2.5 million professionals
 "TransUnion's GCC India expands in Pune to accommodate growing capabilities")
India's gig economy may add 90 million jobs, contribute 1.25% to GDP
Forum for Progressive Gig Workers' report says this market is expected to expand at 17% CAGR to reach a gross volume of $455 bn by year-end
 "India's gig economy may add 90 million jobs, contribute 1.25% to GDP")
Amazon India's first-ever Black Friday event to go live on November 29
Amazon is also offering deals on products such as Sony PlayStation and Xiaomi Smart LED TV
 "Amazon India's first-ever Black Friday event to go live on November 29")
CarDekho Group's net revenue increases 54% to Rs 2,074 crore in FY24
The Group delivered its first full-year standalone profitability, with a profit of approximately Rs 37 crore (before exceptional items), a turnaround from a loss of Rs 143 crore in FY23
 "CarDekho Group's net revenue increases 54% to Rs 2,074 crore in FY24")
ShopDeck raises $8 mn to support sellers across Tier-II, -III cities
This capital will drive ShopDeck's mission to empower small and mid-sized businesses, many of which are emerging brands exploring D2C for first time, to achieve profitability and scale
 "ShopDeck raises $8 mn to support sellers across Tier-II, -III cities")
NTT DATA announces intent to acquire cloud engg firm Niveus Solutions
The acquisition accelerates NTT DATA's strategy to expand its cloud capabilities to meet the global demand for cloud solutions across industries
 "NTT DATA announces intent to acquire cloud engg firm Niveus Solutions")
Cars24's revenue from operations rises 25% to Rs 6,917 crore in FY24
Other key contributors included income from the financial services arm, service fees, parking charges, and the sale of value-added services such as insurance assistance and warranties
 "Cars24's revenue from operations rises 25% to Rs 6,917 crore in FY24")
Meesho unveils multilingual Gen AI-powered voice bot for human-like support
Designed to autonomously handle a wide range of customer interactions, Meesho said the voice bot currently handles about 60,000 calls daily
 "Meesho unveils multilingual Gen AI-powered voice bot for human-like support")
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