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India and Russia Set $100 Billion Bilateral Trade Target by 2030, Aiming to Overcome Trade Imbalances

By 2030, bilateral commerce between Russia and India is expected to reach $100 billion, up from the current $66 billion. Trade imbalances, nontariff b

By 2030, bilateral commerce between Russia and India is expected to reach $100 billion, up from the current $66 billion. Trade imbalances, nontariff barriers, and regulatory obstacles must be addressed, according to Indias External Affairs Minister S. Jaishankar. He proposed to improve local currency settlements and workforce exchange. Russias focus on manufacturing expansion, energy projects, and technical sovereignty has been emphasised by Russian Deputy PM Denis Manturov, who also pointed out that sanctions have not slowed development. By working together in areas like space technologies, healthcare, and transportation, both nations hope to deepen their partnership. Read More..

B2B Tech News | 1 months ago        

Prosus Delays PayU’s IPO to 2025, Eyeing $57 Billion Valuation for Indian Digital Payments Firm

Although it initially aimed to list in 2024, Dutch technology investor Prosus intends to offer its Indian digital payments and lending company, PayU,

Although it initially aimed to list in 2024, Dutch technology investor Prosus intends to offer its Indian digital payments and lending company, PayU, by 2025. PayU, worth between $5 and $7 billion, just came out of a regulatory prohibition and competed with businesses like PhonePe and Razorpay. Digital transactions increased 44% in FY24 in India, a significant market for Prosus. Another portfolio business, Swiggy, made a successful market debut, and Prosus also made $2 billion from its investment in the company. Read More..

B2B Tech News | 1 months ago        

NNPC Signs 10Year Gas Supply Deal with Dangote Refinery to Deliver 100 Million Cubic Feet Daily

Through its subsidiary NNPC Gas Marketing Ltd, Nigerias state oil company, NNPC Ltd, has agreed to provide the Dangote oil refinery with 100 million s

Through its subsidiary NNPC Gas Marketing Ltd, Nigerias state oil company, NNPC Ltd, has agreed to provide the Dangote oil refinery with 100 million standard cubic feet of gas per day for the next ten years. This gas will be used as feedstock in the refinery to generate electricity. The deal contains options for renewal and additional supply, but financial information still needs to be provided. NNPC seeks to increase domestic petrol consumption to promote industrial growth in Nigeria. Read More..

B2B Tech News | 1 months ago        

Banco do Brasil Reports 8.3% Rise in Q3 Profit, Surpassing Analysts Expectations

Beyond analysts forecasts, Banco do Brasil recorded an 8.3% growth in adjusted net profit for the third quarter, hitting 9.5 billion reais $1.6 billio

Beyond analysts forecasts, Banco do Brasil recorded an 8.3% growth in adjusted net profit for the third quarter, hitting 9.5 billion reais $1.6 billion. The bank increased its loanloss provisions forecast to 3437 billion reais for the year, up from 3134 billion, and its delinquency ratio increased to 3.3% despite this. Administrative costs were reduced and are now anticipated to grow by 5%–7% rather than 6%–10%. The return on equity of the bank decreased somewhat to 21.1%. Read More..

B2B Tech News | 1 months ago        

Taiwans Central Bank Governor Doubts U.S. Penalties, Cites Islands Key Role in Semiconductor Industry

Given Taiwans vital role in the semiconductor industry, Yang Chinlong, the central bank governor, said he was sceptical that the United States would p

Given Taiwans vital role in the semiconductor industry, Yang Chinlong, the central bank governor, said he was sceptical that the United States would punish the island. He stressed that it is unlikely that the supply chain will be disrupted because Taiwans chips and tech products are essential to U.S. demands. Yang also mentioned TSMCs significant investment in American manufacturing to rectify the trade imbalance and Taiwans trade surplus with the United States, expected to hit $50 billion this year. Despite this, he recognised that U.S. tariffs on Taiwans exports could pose economic dangers. Read More..

B2B Tech News | 1 months ago        

Samsung Shares Hit FourYear Low Amid U.S. Tariff Concerns and AI Chip Production Lag

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys st

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys stock to drop to its lowest level in more than four years. Because it relies on Chinese consumers, the company is more vulnerable to tariff effects, and there are worries that Chinese competitors may undercut Korean semiconductor companies. Over the year, Nvidia has increased 199%, Samsungs shares have decreased 34%, and rival SK Hynix has up 32%. Read More..

B2B Tech News | 1 months ago        

India’s Central Bank Announces Capital Buffer Increases for SBI and HDFC Bank

According to a statement from Indias central bank, SBI, HDFC Bank, and ICICI Bank will continue to be the three domestic systemically important banks

According to a statement from Indias central bank, SBI, HDFC Bank, and ICICI Bank will continue to be the three domestic systemically important banks DSIBs. Starting in April 2025, the two biggest banks, SBI and HDFC Bank, would have to have larger capital buffers. HDFC Bank will increase its extra capital requirement to 0.40%, while SBI will see a 20 basis point increase to 0.80%. Such banks, considered "too big to fail," are guaranteed sufficient capital by these safeguards to avert systemic dangers in the financial system. The change comes after HDFC Bank merged with HDFC in December 2023. Read More..

B2B Tech News | 1 months ago        

India Imposes FiveYear AntiDumping Duty on Epichlorohydrin from China, Korea, and Thailand

India has levied a fiveyear antidumping tariff on Chinese, Korean, and Thai suppliers of epichlorohydrin, a chemical primarily used in adhesives. To s

India has levied a fiveyear antidumping tariff on Chinese, Korean, and Thai suppliers of epichlorohydrin, a chemical primarily used in adhesives. To shield home businesses from unfair competition brought on by imports priced below market, the levy, which has the potential to reach $557 per tonne, was implemented. By WTO regulations to guarantee fair trade practices, the move complies with the Directorate General of Trade Remedies recommendations. Similar taxes have been applied to other items by India to reduce lowcost imports. Read More..

B2B Tech News | 1 months ago        



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