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IndiaOman CEPA Talks Expected to Accelerate During Piyush Goyal’s Oman Visit

When Commerce and Industry Minister Piyush Goyal visits Oman on January 27–28, negotiations on the Comprehensive Economic Partnership Agreement CEPA

When Commerce and Industry Minister Piyush Goyal visits Oman on January 27–28, negotiations on the Comprehensive Economic Partnership Agreement CEPA between India and Oman are anticipated to pick up steam. Goyal will join Qais bin Mohammed bin Moosa alYousef, Omans Minister of Commerce, Industry, and Investment Promotion, during the 11th Joint Commission Meeting. Currently, in a more advanced stage, the CEPA negotiations seek to produce a balanced, mutually beneficial, and commercially significant accord. In addition, the visit will cover commerce, investment, and the state of the world economy, emphasising the value of Indias trading relations with Oman, whose bilateral trade in 2023–2024 totalled over $8.94 billion. Goyal is scheduled to meet with several Omani officials and business representatives during his tour. Read More..

B2B Tech News | 19 hours ago        

Tata Electronics Acquires 60% Stake in Pegatron Technology India to Boost iPhone Production

A significant boost to Indias electronics manufacturing industry has come from acquiring a controlling 60% ownership in Pegatron Technology India, a s

A significant boost to Indias electronics manufacturing industry has come from acquiring a controlling 60% ownership in Pegatron Technology India, a subsidiary of Taiwanese Pegatron Corporation, by Tata Electronics Pvt Ltd TEPL. This deal improved Tatas aspirations to produce iPhones in India and solidified its position as a major Apple supplier. Although Pegatron Technology India has not published the deals financial terms, it offers electronics manufacturing services EMS to customers worldwide, including Apple. In line with Tatas goal to progress in the electronics supply chain, the move follows the companys March 2024 acquisition of Wistrons India operations. The corporation plans to establish 500,000 manufacturing jobs in various industries and strengthen Indias place in the world of manufacturing by investing in Gujarats first semiconductor fabrication plant. Read More..

B2B Tech News | 19 hours ago        

“Invest in DRC” Forum in Paris Highlights Democratic Republic of Congo’s Investment Potential

Held in Paris on 21 January 2025, the "Invest in DRC" symposium highlighted the countrys potential to attract foreign investors while showcasing its d

Held in Paris on 21 January 2025, the "Invest in DRC" symposium highlighted the countrys potential to attract foreign investors while showcasing its difficulties. The event, backed by NBA legend Tony Parker and President Félix Antoine Tshisekedi, sought to improve the DRCs international reputation and attract French investment. Numerous institutional, commercial, and public entities participated in talks centred on the DRCs unrealised economic potential. Jaamafunding founder Alpha Nury commended the opportunity to work together and plan for further initiatives. Citing the possibility of large profits, government spokesperson Patrick Muyaya underlined pledges to assist investors. Parker stated his goal to make the DRC a significant force in African development by investing in regional projects and raising the countrys prominence internationally. Read More..

B2B Tech News | 19 hours ago        

Morgan Stanley CEO Ted Pick Signals Interest in Crypto Transactions Amid Regulatory Talks

After President Donald Trump returned to the White House and pledged procrypto regulations, U.S.based banks sought to increase their involvement in cr

After President Donald Trump returned to the White House and pledged procrypto regulations, U.S.based banks sought to increase their involvement in cryptocurrencies. Talks with U.S. regulators, including the Treasury, will intensify in the upcoming months, according to Morgan Stanley CEO Ted Pick, who announced plans to investigate the banks potential as a cryptocurrency transactor while preserving regulatory compliance. Morgan Stanley has historically taken a cautious approach to virtual assets. Still, it recently started letting financial advisors suggest Bitcoinbacked exchangetraded funds ETFs to a limited number of highnetworth customers. The SEC has established a task group to hasten the draughting of crypto laws, and the crypto industry is eagerly expecting the fulfilment of Trumps promises. Once regulations are defined, traditional banks are anticipated to adopt crypto services rapidly. Read More..

B2B Tech News | 19 hours ago        

Perplexity AI Proposes Merger with TikTok’s Parent ByteDance to Form New Company

The merger plan between Perplexity AI, a U.S. search engine startup, and ByteDance, the parent firm of TikTok, has been changed to create a new compan

The merger plan between Perplexity AI, a U.S. search engine startup, and ByteDance, the parent firm of TikTok, has been changed to create a new company that will unite Perplexity and TikTok U.S. Under the plan, a new U.S. holding company called "NewCo" would be established, with the goal of the U.S. government owning up to 50% of the latest business at its subsequent initial public offering IPO. New investors would purchase TikTok U.S. from ByteDance, omitting the apps core recommendation system. According to the plan, the IPO will be valued at least $300 billion. With TikTok services recently restored in the United States, Perplexity AIs updated bid demonstrates its conviction that a merger rather than a sale could increase the likelihood of success. Read More..

B2B Tech News | 19 hours ago        

GSK Strengthens Gastrointestinal Cancer Portfolio with IDRx Buyout

GSK, a British pharmaceutical company, said Monday that it will pay up to $1.15 billion to purchase IDRx, a biopharmaceutical company based in Boston,

GSK, a British pharmaceutical company, said Monday that it will pay up to $1.15 billion to purchase IDRx, a biopharmaceutical company based in Boston, to create a cure for gastrointestinal stromal tumours. The agreement, which aims to strengthen GSKs growing portfolio in gastrointestinal malignancies, involves a $1 billion upfront payment. According to Luke Miels, GSKs chief commercial officer, the companys strategy of focussing on verified assets that address critical medical needs is in line with this acquisition, given the difficulties the company is facing in its vaccine market. The acquisition demonstrates GSKs dedication to improving cancer care in the face of changing consumer needs. Read More..

B2B Tech News | 19 hours ago        

Abu Dhabi’s ADQ to Launch Takeover Bid for Aramex, Offering 30% Premium

To obtain the shares it does not currently control, Abu Dhabis sovereign wealth fund, ADQ, intends to make a takeover offer for Aramexs logistics and

To obtain the shares it does not currently control, Abu Dhabis sovereign wealth fund, ADQ, intends to make a takeover offer for Aramexs logistics and courier company. For 3 dirhams $0.82 per share, which is 30% more than Aramexs most recent closing price of 2.31 dirhams, the cash offer will be made through ADQs subsidiary, Q Logistics Holding. Accordingly, Aramex is worth about 4.39 billion dirhams $1.2 billion. Aramexs stock increased 14.7% after the announcement. Despite recognising the need for significant strategic and operational improvements inside the company, ADQ, which owns a 22.69% share in Aramex and manages $225 billion in assets, feels that Aramex may significantly boost the local economy. Read More..

B2B Tech News | 19 hours ago        

Ghana’s New Finance Minister Plans to Seek IMF Support to Revive Struggling Economy

To help stabilise the faltering economy, Cassiel Ato Forson, Ghanas new finance minister, intends to approach the International Monetary Fund IMF for

To help stabilise the faltering economy, Cassiel Ato Forson, Ghanas new finance minister, intends to approach the International Monetary Fund IMF for further funding. Reliance on Treasury bills has not worked, Forson said ahead of a meeting with an IMF group in Accra, underscoring the necessity of working with local and foreign partners for essential funding. He wants to stop inflation, cut waste, cut public spending, and resume issuing domestic bonds by midyear. Ghana, which defaulted on most of its external debt in 2022, is almost finished with a problematic restructuring procedure. Since taking office, President John Dramani Mahama has prioritised fixing issues in the cocoa industry and revitalising the economy. Read More..

B2B Tech News | 19 hours ago        



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