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Kioxia Shares Surge 14% in Strong Market Debut, Valued Over $5.8 Billion

During its market debut on Wednesday, Kioxias shares jumped 14%, reaching a valuation of over 890 billion yen, indicating high investor interest in Ja

During its market debut on Wednesday, Kioxias shares jumped 14%, reaching a valuation of over 890 billion yen, indicating high investor interest in Japans thirdlargest initial public offering IPO this year. With an IPO price of 1,455 yen per share, the memory chipmaker raised 120 billion yen. It opened at 1,440 yen and swiftly rose to 1,660 yen. Following Toshibas financial crisis, a Bainled partnership purchased Kioxia, formerly known as Toshiba Memory, for 2 trillion yen in 2018. This initial public offering IPO takes place during a strong year for Japanese IPOs, which had raised more than $6 billion in 2024 despite fewer offerings. Initial responses indicate a robust demand for semiconductor equities despite several analysts expressing doubts over Kioxias prospects in a competitive industry. Read More..

B2B Tech News | 1 months ago        

AI Startup Basis Raises $34 Million to Revolutionize Accounting Automation

The artificial intelligence startup Basis said Tuesday that it has raised $34 million in a Series A investment round to improve its accounting automat

The artificial intelligence startup Basis said Tuesday that it has raised $34 million in a Series A investment round to improve its accounting automation solution that uses AI. Leading investors in the funding, which Khosla Ventures spearheaded, included Google top scientist Jeff Dean and former GitHub CEO Nat Friedman. Basis is an autonomous AI agent development company specialising in automating accounting processes, including data correctness verification and transaction entry. For businesses like Wiss, the software is said to cut down on human labour by up to 30% by integrating with wellknown ledger systems like Xero and QuickBooks. With fewer people entering the field due to baby boomer retirements and changing career preferences, the startup seeks to solve the urgent need for accountants. Read More..

B2B Tech News | 1 months ago        

Honda and Nissan Explore Merger to Strengthen Ties Amidst Automotive Challenges

As China and Tesla pose serious threats to Japans car sector, Honda and Nissan are allegedly in talks to deepen their relationship and consider a merg

As China and Tesla pose serious threats to Japans car sector, Honda and Nissan are allegedly in talks to deepen their relationship and consider a merger. Through this partnership, a $54 billion company with an annual production of 7.4 million cars may be formed, making it the thirdlargest auto group in the world, behind Volkswagen and Toyota. This collaboration is urgent given Nissans recent financial issues, which include a sharp decline in profits and layoffs. Although both businesses want to improve their electric vehicle EV capabilities, an agreement has yet to be confirmed. According to analysts, this merger might strengthen Toyotas domestic competition and aid the business in navigating the changing automotive market. Read More..

B2B Tech News | 1 months ago        

India’s November Exports Fall 4.8%, Highlighting Trade Imbalance

Due to a sharp rise in item imports, which increased by 27% to almost $70 billion, Indias trade deficit soared to a new high of $37.8 billion in Novem

Due to a sharp rise in item imports, which increased by 27% to almost $70 billion, Indias trade deficit soared to a new high of $37.8 billion in November. A roughly 30% increase in gold prices and robust demand throughout the holiday season were the main causes of this spike, which led to a 4.3fold increase in gold imports of $14.9 billion. In contrast, petroleum exports decreased 49.6% to $3.7 billion, while exports dropped 4.8% to $32.1 billion, a 25month low. Although nonpetroleum products grew about 8%, total export performance was impacted by shifting oil prices and increasing geopolitical tensions. Nonetheless, there was a surplus in services trade due to the strong 26.8% growth in services exports to $35.67 billion. Read More..

B2B Tech News | 1 months ago        

Alcoa to Receive 130 Petajoules of Gas from Chevron Starting in 2028

On Tuesday, Chevrons Australian division declared that it would provide Alcoa, the aluminium manufacturer, with 130 petajoules of gas over ten years,

On Tuesday, Chevrons Australian division declared that it would provide Alcoa, the aluminium manufacturer, with 130 petajoules of gas over ten years, beginning in 2028. The North West Shelf Venture in Western Australia and Chevrons Gorgon and Wheatstone facilities will supply the gas. Alcoa intends to power its alumina plants in the area with natural gas. Alcoa already signed gas supply contracts with Exxon Mobil, Chevron, and Warrego Energy to support its refineries in Wagerup, Pinjarra, and Kwinana beginning in 2024. Nevertheless, the business has encountered operational difficulties, such as a gas interruption that resulted in a power outage at its refinery in Pinjarra, which is presently under investigation. Read More..

B2B Tech News | 1 months ago        

Democratic Republic of Congo Files Criminal Complaints Against Apple Over Conflict Minerals

Apple and its French and Belgian subsidiaries are facing criminal charges from the Democratic Republic of the Congo for allegedly utilising conflict m

Apple and its French and Belgian subsidiaries are facing criminal charges from the Democratic Republic of the Congo for allegedly utilising conflict minerals in their supply chain. According to the Congolese government, Apple indirectly benefits from minerals that come from artisanal mining run by armed groups that commit grave violations of human rights. Congolese attorneys contend that Apple is involved in the regions continued bloodshed and exploitation because the company uses minerals that are laundered through global supply chains, despite Apples claims that it investigates suppliers and has not discovered any ties to armed groups. Charges of concealing war crimes and engaging in dishonest business operations are included in the complaints. Both nations judicial systems will now decide whether to investigate these allegations more thoroughly. Read More..

B2B Tech News | 1 months ago        

Bharti Global Acquires 24.5% Stake in BT Group After National Security Review Approval

After a comprehensive national security examination, the British government authorised Bharti Globals £3.2 billion acquisition of a 24.5% interest in

After a comprehensive national security examination, the British government authorised Bharti Globals £3.2 billion acquisition of a 24.5% interest in BT Group on Monday. The shares were bought from Altice, which Patrick Drahi, an investor, once owned. Given its substantial involvement in government telecommunications and cybersecurity, BT will establish a national security committee to supervise strategic operations impacting the security of the United Kingdom to address national security concerns. The government highlighted this action to reduce the risks related to BTs obligations to assist with state projects. The Indian giant Bharti Enterprises investment division, Bharti Global, declared that it had no intention of acquiring BT. Read More..

B2B Tech News | 1 months ago        

Databricks Nears Record $9.5 Billion Venture Capital Funding Round, Eyeing $60 Billion Valuation

A huge venture capital funding round that could surpass $9.5 billion and rank among the largest in history is reportedly on the verge of being secured

A huge venture capital funding round that could surpass $9.5 billion and rank among the largest in history is reportedly on the verge of being secured by software company Databricks. The data analyticsfocused San Franciscobased company is approaching a valuation of over $60 billion, and its share price of $92.50 is considered attractive considering its anticipated $3.8 billion in revenue for the upcoming fiscal year. Thrive Capital and returning investors Andreessen Horowitz and Insight Partners are expected to lead the nearly twiceoversubscribed financing round. Databricks is investigating $4.5 billion in debt financing in addition to its equity raise, indicating robust investor interest in the rapidly expanding AI industry. Read More..

B2B Tech News | 1 months ago        



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