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Adani Accused of Bribery Risks Emerge for India’s Solar Energy Industry

Gautam Adanis indictment by the United States, which accuses him of paying authorities to obtain contracts in the face of rising energy prices, shows

Gautam Adanis indictment by the United States, which accuses him of paying authorities to obtain contracts in the face of rising energy prices, shows severe concerns in Indias solar business. The difficulties faced by Adani Green Energy are caused by high competition, fluctuating solar module prices, and falling electricity prices, which raise questions about the longterm viability of rates set during auctions. Even if some of the pressures have subsided, the companys return on equity has decreased from 20% to 13%. Andhra Pradesh may halt associated contracts in response to the accusations, and TotalEnergies intends to stop participating in Adanis projects. Read More..

B2B Tech News | 1 months ago        

Pony AI Shares Soar 15% in Nasdaq Debut, Valuing Company at $5.25 Billion

Initially listed on the Nasdaq at $15, Pony AIs shares jumped about 15% above their IPO price, reaching a valuation of $5.25 billion. Following the de

Initially listed on the Nasdaq at $15, Pony AIs shares jumped about 15% above their IPO price, reaching a valuation of $5.25 billion. Following the delisting of Didi Global and regulatory issues, the listing comes after a time of uncertainty for Chinese companies. CEO James Peng said the listing had been planned and was not impacted by the political situation. Despite obstacles in public image and competition from Tesla, Pony AI prioritises the Chinese market and intends to extend its robotaxi services globally in the upcoming years. Because of the IPO, the company raised $260 million. Read More..

B2B Tech News | 1 months ago        

RussiaIndia Bilateral Trade Surges to Record $66 Billion in 2024

According to a top Russian diplomat, in 2024, bilateral trade between Russia and India hit a record $66 billion, a fivefold rise over the previous fiv

According to a top Russian diplomat, in 2024, bilateral trade between Russia and India hit a record $66 billion, a fivefold rise over the previous five years. With talks on broadening trade and increasing investments across various industries, including technology, medicines, and railroads, the target of $100 billion in trade by 2030 seems doable. Maxim V. Kozlov, the Russian Consul General in Kolkata, highlighted the possibility for Indian companies to prosper in Russia once Western brands leave and the significance of strengthening collaboration in vital fields like artificial intelligence and robotics. Read More..

B2B Tech News | 1 months ago        

Brazil Proposes Income Tax Reforms Tax Breaks for Lower Earners, Hikes for Wealthy

Along with measures to reduce public spending, the Brazilian government has suggested raising taxes on higher earners and extending income tax exempti

Along with measures to reduce public spending, the Brazilian government has suggested raising taxes on higher earners and extending income tax exemptions for those with lower incomes in keeping with a campaign pledge made by President Lula da Silva, Finance Minister Fernando Haddad announced increasing the taxfree threshold to 5,000 reais $842 per month. However, market volatility resulted from the plan as the Brazilian real fell 1.8% and the Bovespa index fell 1.7%. Although Haddad presented a budget reduction plan that would save 70 billion reais $11.8 billion over two years, the governments economic policies are still up in the air. Read More..

B2B Tech News | 1 months ago        

Orange Secures MultiYear Partnership with OpenAI to Enhance AI Capabilities

With the announcement of a significant multiyear cooperation, Orange ORAN.PA is now the first European telecom provider to get direct access to OpenAI

With the announcement of a significant multiyear cooperation, Orange ORAN.PA is now the first European telecom provider to get direct access to OpenAIs prerelease AI models. Through this partnership, Oranges chief AI officer, Steve Jarrett, said the telecom behemoth could have a say in developing these models while guaranteeing that they are housed on safe European infrastructure. More than 50,000 Orange workers use OpenAIs technology at the moment. This collaboration comes after Orange recently signed a deal with Meta and OpenAI to translate regional African languages, improving its customer service skills and growing its offerings for government and educational institutions. Read More..

B2B Tech News | 1 months ago        

Vietnam’s PM Urges U.S. to Lift Export Restrictions and Strengthen Bilateral Ties

Prime Minister Pham Minh Chinh of Vietnam emphasised the nations interest in developing satellite communications, with talks with SpaceX already under

Prime Minister Pham Minh Chinh of Vietnam emphasised the nations interest in developing satellite communications, with talks with SpaceX already underway, and encouraged the United States to remove its export prohibitions on specific technologies. He underlined that it is critical to preserve solid bilateral ties and promote multilateralism to solve global issues. Furthermore, Chinh stated that foreign investment in Vietnam is anticipated to surpass $25 billion this year and restated Vietnams demand that the United States recognise it as a market economy to lower tariffs. He did not mention worries about possible tariffs from the United States under the incoming Trump administration. Read More..

B2B Tech News | 1 months ago        

General Electric to Settle Shareholder Lawsuit for $362.5 Million Over GE Power Business

A longrunning shareholder dispute involving General Electrics GE power unit will be settled for $362.5 million. According to the 2017 complaint, GE al

A longrunning shareholder dispute involving General Electrics GE power unit will be settled for $362.5 million. According to the 2017 complaint, GE allegedly misled investors about the risks connected to its GE Power division, namely its reliance on factoring to increase revenue at the expense of future cash flows. Court approval is required for the settlement, which addresses claims of false statements made between 2016 and 2018. GE agreed to a settlement even though the company and its former CFO denied wrongdoing. GE has allocated funds for this settlement. Read More..

B2B Tech News | 1 months ago        

South Korea to Invest $10 Billion in LowInterest Loans to Revitalize Semiconductor Industry

To strengthen its semiconductor industry in 2024, South Korea intends to invest 14 trillion won $10 billion in lowinterest loans, tackling issues brou

To strengthen its semiconductor industry in 2024, South Korea intends to invest 14 trillion won $10 billion in lowinterest loans, tackling issues brought on by Chinese competition and unpredictability in U.S. policy. A total of 1.8 trillion won will be used for infrastructure, including power lines for a new semiconductor factory, and the loans will be disbursed through staterun banks. With an emphasis on its new hightech chipmaking cluster and adjusting to changes in global trade, including possible changes from the U.S. under Presidentelect Trump, South Korea hopes to revive its chip industry, lagging behind competitors in both design and manufacture. Read More..

B2B Tech News | 1 months ago        



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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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