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Berkshire Hills Bancorp and Brookline Bancorp in Merger Talks, Potential Announcement Soon

According to the Wall Street Journal, merger negotiations are underway between Bostonbased banks Berkshire Hills Bancorp BHLB.N and Brookline Bancorp

According to the Wall Street Journal, merger negotiations are underway between Bostonbased banks Berkshire Hills Bancorp BHLB.N and Brookline Bancorp BRKL.O. An announcement might be made as early as next week regarding the proposed deal, combining the two banks with assets of about $12 billion. According to LSEG data, Berkshire Hills Bancorp is worth $1.3 billion, while Brookline Bancorp has a market capitalisation of $1.12 billion. As of right now, neither bank has responded to the merger talks. As banks look to increase their market presence and competitiveness, this consolidation reflects prevailing trends in the industry. Read More..

B2B Tech News | 1 months ago        

Switzerland Revokes India’s MFN Status, Imposing New Tax Implications for Businesses

Following an adverse decision by the Indian Supreme Court over Nestle, Switzerland revoked Indias Most Favoured Nation MFN status, which will have mor

Following an adverse decision by the Indian Supreme Court over Nestle, Switzerland revoked Indias Most Favoured Nation MFN status, which will have more tax ramifications for Indian companies doing business in Switzerland. As a result of this ruling, the MFN provision in the two nations double taxation avoidance agreement DTAA will no longer be in effect. As of January 2025, a 10% dividend withholding tax will be imposed. It is anticipated that Indian banking, technology, and industry businesses will be significantly impacted. Given Indias trade agreements with European Free Trade Association EFTA member nations, the Ministry of External Affairs of India stated that a revision of the DTAA may be required in light of this change. Read More..

B2B Tech News | 1 months ago        

Bitcoin Soars to Record High Above $106,000 Amid Trump’s U.S. Bitcoin Reserve Plans

After Presidentelect Donald Trump announced plans to establish a U.S. bitcoin strategic reserve similar to the strategic oil reserve, Bitcoin surged b

After Presidentelect Donald Trump announced plans to establish a U.S. bitcoin strategic reserve similar to the strategic oil reserve, Bitcoin surged beyond $106,000 on Monday, igniting investor excitement. Ether increased 1.5% to $3,965, while Bitcoin jumped 3.2% to $106,533 before levelling off at $104,462. The accession of MicroStrategy to the Nasdaq 100 index, which is anticipated to draw more investment, further improved investor optimism. To put the United States at the forefront of the cryptocurrency scene, Trumps remarks implied a more welcoming regulatory climate for cryptocurrencies. The market responded favourably to the scepticism of individuals such as Federal Reserve Chair Jerome Powell, who likened bitcoin to gold and rose 192% for the year. Read More..

B2B Tech News | 1 months ago        

Reliance Industries Acquires 74% Stake in Navi Mumbai IIA for ₹16.28 Billion

At 16.28 billion rupees, Reliance Industries purchased a 74% share in the industrial area developer Navi Mumbai IIA. When the Maharashtra state govern

At 16.28 billion rupees, Reliance Industries purchased a 74% share in the industrial area developer Navi Mumbai IIA. When the Maharashtra state government authorised its conversion into an integrated industrial region in 2018, it was renamed the Navi Mumbai Special Economic Zone. This agreement coincides with growing demand in India for industrial parks and warehouse space as businesses look to diversify their supply chains away from China. The acquisition strengthens Reliances current warehouse and logistics activities, broadening its varied portfolio to encompass retail, telecom, and energy. The Maharashtra City and Industrial Development Corporation would hold the companys remaining 26 per cent. Navi Mumbai IIA recorded a 6% increase in turnover, amounting to 348.9 million rupees, during the fiscal year that concluded in March 2024. Read More..

B2B Tech News | 1 months ago        

India and EU Push for Balanced Free Trade Agreement Amid Ongoing Negotiations

The EU and India are working towards a fair and advantageous free trade agreement FTA, focusing on the necessity of political guidance to reach a deal

The EU and India are working towards a fair and advantageous free trade agreement FTA, focusing on the necessity of political guidance to reach a deal that has commercial significance. According to talks between EU ambassadors and Commerce Minister Piyush Goyal, India is a leader in exporting services, while the EU is competitive in manufacturing. All parties acknowledged the significance of attending to sensitivities and guaranteeing a fair approach in the FTA. The discussion also brought up the necessity for sustainability measures to consider various developmental trajectories. Within the Trade and Technology Council framework, the EU and India are special partners. Read More..

B2B Tech News | 1 months ago        

Kansai Electric Power Acquires 49% Stake in Iberdrola’s Windanker Offshore Wind Project

Kansai Electric Power Co. 9503.T has purchased a 49% share in Iberdrolas IBE.MC Windanker offshore wind project in Germany to strengthen their relatio

Kansai Electric Power Co. 9503.T has purchased a 49% share in Iberdrolas IBE.MC Windanker offshore wind project in Germany to strengthen their relationship. The 315megawatt wind farm will be situated in the Baltic Sea and is expected to start producing in late 2026. Iberdrola estimates the project to be 1.3 billion euros, although the investment amount still needs to be revealed. This brings Kansais total offshore capacity to three gigawatts and represents its fifth offshore wind project overseas. The businesses already work together in the UK, where Kansai owns a 12% share in Electricity North West. Iberdrola also won a 375megawatt offshore wind project in Japan, demonstrating the increasing cooperation between Western and Japanese companies in the renewable energy sector. Read More..

B2B Tech News | 1 months ago        

African Development Bank Approves $108 Million Loan to Boost Zambia’s Economic Governance

Zambia has been granted a $108 million loan by the Board of Directors of the African Development Bank Group to improve economic governance and carry o

Zambia has been granted a $108 million loan by the Board of Directors of the African Development Bank Group to improve economic governance and carry out public sector reforms. The Fiscal Sustainability and Economic Resilience Support Program, which aims to create a strong, diverse economy, will be supported by this financing. Participating in the Global Forum on Transparency and Exchange of Information for Tax Purposes, registering 12,000 VATliable taxpayers, and implementing an innovative electronic invoice system are some significant projects. Through the establishment of 10 mechanisation centres to increase productivity and support the Ministry of Agricultures mechanisation policy, the initiative will help encourage agroindustrial growth. Additionally, implementing better investment management techniques will promote effective public expenditure. Twentyfour projects, totalling the African Development Banks active portfolio in Zambia as of 30 November 2024, are valued at $872.3 milli Read More..

B2B Tech News | 1 months ago        

Amazon Donates $1 Million to Trump’s Inaugural Fund, Strengthening Ties with New Administration

In addition to a $1 million inkind donation from the events broadcast on its Prime Video service, Amazon has announced a $1 million donation to U.S. P

In addition to a $1 million inkind donation from the events broadcast on its Prime Video service, Amazon has announced a $1 million donation to U.S. Presidentelect Donald Trumps inaugural fund. Amazon has joined Meta Platforms, another tech behemoth, contributing $1 million for the 20 January inauguration. Jeff Bezos, Amazons founder and executive chairman, is set to meet with Trump the following week. Bezos highlighted the need for media credibility in the face of perceived bias and defended the Washington Posts decision not to support any candidate in the most recent election, despite Trumps prior criticism of the publication, which Bezos owns. Trump raised a record $106.7 million to fund his inauguration celebrations in 2017. Read More..

B2B Tech News | 1 months ago        



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