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National Stock Exchange of India Reapplies for IPO, Eyes $3.2 Billion Valuation Amid Market Boom

One of Indias most extensive initial public offerings IPOs, the National Stock Exchange of India NSE, has finally started its longdelayed public offer

One of Indias most extensive initial public offerings IPOs, the National Stock Exchange of India NSE, has finally started its longdelayed public offering process. Regarding volume, the Securities and Exchange Board of India SEBI has received a reapplication from NSE, the largest derivatives exchange globally, requesting a "noobjection" to move on with the IPO. NSEs initial goal was a 10% stake sale, which, based on its projected valuation of 2.7 trillion Indian rupees $32.18 billion, could have put the IPOs worth at about $3.2 billion. Existing shareholders, including significant organisations like the State Bank of India and Life Insurance Corporation of India, can sell their shares through the IPO. The June quarter earnings rise for NSE was 39% year over year, fuelled by a thriving options trading sector. Read More..

B2B Tech News | 11 months ago        

Scandinavian Airline SAS Emerges from Chapter 11 Bankruptcy After Restructuring $2 Billion in Debt

The Scandinavian airline SAS has successfully concluded its reorganisation and stepped out of the United States Chapter 11 bankruptcy. A US bankruptcy

The Scandinavian airline SAS has successfully concluded its reorganisation and stepped out of the United States Chapter 11 bankruptcy. A US bankruptcy judge accepted the airlines reorganisation plan in March, which included restructuring nearly $2 billion in debt and adjusting its aircraft fleet. A group including the Danish government, investment firm Lind Invest, Air FranceKLM, and hedge fund Castlelake invested $1.2 billion in the reorganisation. This transaction comprised $725 million in secured convertible debt and $475 million in new stock. Furthermore, SAS settled a pay dispute with its Norwegian cabin staff, ending a walkout that had caused flight disruptions. Read More..

B2B Tech News | 11 months ago        

IDC Upgrades 2024 Smartphone Shipment Forecast to 1.23 Billion Units, Driven by AI Features

In its most recent estimate, the research organisation IDC has raised its prediction for the number of smartphones shipped globally in 2024 from 4% to

In its most recent estimate, the research organisation IDC has raised its prediction for the number of smartphones shipped globally in 2024 from 4% to 5.8%, or 1.23 billion devices. Recovering consumer demand and the allure of new artificial intelligence AI features drove a robust first half of the year, reflected in this adjustment. According to IDC, one significant development is including generative artificial intelligence GenAI in cell phones, especially in higherend models. Over the year, shipments of GenAI phones are predicted to increase by 344%, accounting for 18% of the market. With businesses like Apple and Google incorporating AI into their newest gadgets to spur development and combat global sales slowdowns, particularly in China, this change is noteworthy given the challenging economic times. Read More..

B2B Tech News | 11 months ago        

Apple Teams Up with Airtel to Offer Free Streaming Services to Premium Customers

By collaborating with Airtel, an Indian telecommunications company, Apple will provide free music and movie streaming services to Airtels premium user

By collaborating with Airtel, an Indian telecommunications company, Apple will provide free music and movie streaming services to Airtels premium users, therefore increasing its market share in the fiercely competitive Indian entertainment sector. In a pricesensitive market dominated by competitors like Netflix, Amazon Prime Video, Disney+ Hotstar, and JioCinema, the agreement, which bundles Apple TV+ and Apple Music with premium Airtel WiFi and postpaid plans, attempts to draw in more consumers. Later this year, Apple services will be made available to Airtels premium users, replacing the Wynk music app that Airtel once offered. With over 281 million subscribers, Airtel is strategically lining up against Reliance Jios 489 million people. Read More..

B2B Tech News | 11 months ago        

Samsung SDI and GM Finalize $3.5 Billion EV Battery Factory in Indiana

A deal to construct a combined electric vehicle EV battery facility in Indiana, USA, was finalised by General Motors GM and Samsung SDI of South Korea

A deal to construct a combined electric vehicle EV battery facility in Indiana, USA, was finalised by General Motors GM and Samsung SDI of South Korea. A facility that can initially produce 27 gigawatt hours GWh and potentially expand to 36 GWh will be funded by a $3.5 billion investment. Expected to start in 2027, the factory will add to GMs battery technology portfolio by producing prismatic cells rich in nickel. After the announcement, Samsung SDIs shares increased by 3.2%, while the KOSPI fell by 0.3%. This project represents continuous attempts to improve the performance and manufacture of EV batteries. It was first announced in April 2023. Read More..

B2B Tech News | 11 months ago        

Comoros Joins WTO After 17Year Negotiation Process, Becoming 165th Member

Comoros is the 165th World Trade Organisation WTO member, having formally joined after 17 years of talks. Comoros aspirations for regional integration

Comoros is the 165th World Trade Organisation WTO member, having formally joined after 17 years of talks. Comoros aspirations for regional integration in Africa are bolstered by this milestone, which WTO members accepted in February. WTO DirectorGeneral Ngozi OkonjoIweala views it as a critical chance for modernisation and economic empowerment. Given the importance of agriculture to Comoros economy, the country must fulfil its obligations, including enforcing zero agricultural export subsidies to integrate fully. Europe and the United Arab Emirates are Comoros two main commercial partners. The process of negotiating 22 nations WTO entrance, including eight African nations, is currently ongoing. Read More..

B2B Tech News | 11 months ago        

Nvidia’s Q2 Revenue Forecasted at $28.68 Billion, Doubling Previous Figures

Driven by rising demand for its AI processors, Nvidia NVDA.O is likely to announce a more than 100% gain in its secondquarter revenue, projected to re

Driven by rising demand for its AI processors, Nvidia NVDA.O is likely to announce a more than 100% gain in its secondquarter revenue, projected to reach approximately $28.68 billion. Investor worries about living up to lofty expectations and possible delays in its nextgeneration Blackwell AI processors have caused volatility despite the companys shares rising 150% this year. Above the industry average, the companys stock is priced at 37 times its projected profits. Nvidia also has to deal with regulatory difficulties about its sales methods and possible antitrust issues. Analysts will be keenly watching Nvidias sales prediction for the third quarter, expected to increase by 75% to $31.69 billion, to assess the companys capacity to overcome these obstacles and maintain growth. Read More..

B2B Tech News | 11 months ago        

China Allocates $15 Billion for Western Pacific Military Exercises in 2023

Taiwanese estimates indicate that in 2023, China spent around $15 billion, or 7% of its defence budget, on military drills in the Western Pacific. Bei

Taiwanese estimates indicate that in 2023, China spent around $15 billion, or 7% of its defence budget, on military drills in the Western Pacific. Beijings aim to strengthen its military presence around Taiwan and its neighbouring territories is reflected in this enormous spending. According to data gathered from Chinese air and naval operations, this expenditure accounts for almost 85% of Taiwans defence budget for 2023. With more than 29,000 hours of flight time and 1.7 million hours at sea, Chinas military engages in massive air and naval operations. The additional spending is intended to prepare for future wars, particularly those involving Taiwan, and to establish control over the First Island Chain. The reports from Taiwan draw attention to Chinas determination to enhance its military might and the escalating tensions in the area. Read More..

B2B Tech News | 11 months ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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