Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Paytm Partners with Epay for Seamless Bill Payment Services Amid Regulatory Changes

To maintain its bill payment services via its app, Paytm has partnered with Epay, the digital payment division of Euronet Worldwide. Paytm used to rel

To maintain its bill payment services via its app, Paytm has partnered with Epay, the digital payment division of Euronet Worldwide. Paytm used to rely on Paytm Payment Bank Limited PPBL, an affiliate company, to provide these services. Per an RBI decision, PPBL was prohibited from providing banking services after February 29, 2024. Later, the deadline was moved to March 15. The RBImandated Bharat Bill Payment System BBPS allows different bill payments via several methods. Epay intervened and used its infrastructure, network connections, and licences to help Paytm resolve this regulatory issue. Prepaid cell airtime, bill payments, Google Play credit, and satellite TV recharges are all part of the cooperation growth. Euronet Worldwide has been offering various payment and transaction processing solutions in India through its subsidiary for over a decade. Read More..

B2B Tech News | 1 years ago        

JPMorgans Australian Arm Fined for Allowing Suspicious Trades in Wheat Futures

The Australian Securities and Investments Commission ASIC has fined J.P. Morgan Securities, the Australian division of JPMorgan, A$775,000 $509,252.50

The Australian Securities and Investments Commission ASIC has fined J.P. Morgan Securities, the Australian division of JPMorgan, A$775,000 $509,252.50 for permitting suspicious customer orders in wheat futures trading that were intended to manipulate the market. The regulator criticised the lack of fast action when detected and labelled the inability to identify these trades as "careless". The management of wheat price variations by farmers, which affects consumer pricing, depends heavily on these futures contracts. JPMorgan paid the fine and did not contest the accusations. Thirtysix orders that ASIC discovered were intended to manipulate the market and affect daily settlement prices between January and March 2022. Sarah Court, deputy chair of ASIC, stressed the practical ramifications and ASICs top priority when combating market manipulation. Read More..

B2B Tech News | 1 years ago        

Godrej Consumer Products Reports Rs 2,389 Crore Loss Due to Africa Market Restructuring

Due to a strategy change in its approach to the African market, Godrej Consumer Products GCPL recorded an extraordinary loss of Rs 2,389 crore for the

Due to a strategy change in its approach to the African market, Godrej Consumer Products GCPL recorded an extraordinary loss of Rs 2,389 crore for the JanuaryMarch 2023–24 quarter. After its reorganization is finished, the business expects a mediumterm improvement in profit after tax PAT from this market to reach Rs 50 crore. In its investor presentation, GCPL predicted midsingledigit volume growth for the rest of the world business and positive cash flow from the East Africa reorganization, with EBITDA margins surpassing 15%. Due to the reorganization, the company had to leave the East African market, which resulted in impairment losses of Rs 927.2 crore from subsidiary sales and Rs 1,390.8 crore due to goodwill and brand impairment. GCPL aims for improved profitability, projecting PAT to rise from zero to Rs 50 crore in the medium term due to Africa business reorganization and simplification of hair fashion operations. Read More..

B2B Tech News | 1 years ago        

UBS Surpasses Expectations with Strong First Quarter Profits

Surpassing forecasts, UBS revealed a notable increase in firstquarter profits, fueled by solid wealth management sales. The bank reported a $1.8 billi

Surpassing forecasts, UBS revealed a notable increase in firstquarter profits, fueled by solid wealth management sales. The bank reported a $1.8 billion net profit, more than the $721.4 million average estimate. Higher thanexpected revenue of $12.74 billion was recorded, with a remarkable 28% rise to $6.14 billion in the Global Wealth Management segment. The favourable outcomes were also aided by reduced costs and UBSs absorption with Credit Suisse. CEO Sergio Ermotti underscored the banks commitment to bolstering capital and profitability while outlining integration plan advancements. The robust revenue rise was applauded by analysts, who projected continued enhancements in fee income and balance sheet management. Despite regulatory obstacles, UBS has confidence in its future course. Read More..

B2B Tech News | 1 years ago        

Toyota Forecasts 20% Drop in Operating Profit Despite Fourth Quarter Surge

Following an astounding 78% increase in profit in the fourth quarter, Toyota Motor projects a 20% decline in operating profit for the fiscal year that

Following an astounding 78% increase in profit in the fourth quarter, Toyota Motor projects a 20% decline in operating profit for the fiscal year that ends in March 2025. Anticipated operating revenue is 4.3 trillion yen, with 380 billion yen allocated to investments to strengthen "human capital" support for dealers and suppliers. Toyotas "multipathway" approach, which embraces a range of powertrain alternatives, including battery EVs and hybrids, has helped the company remain resilient in certain countries where EV demand has decreased. Despite the impressive fourthquarter results driven by high demand and a weaker yen, difficulties still exist in essential regions like China, where regional competitors are making quick progress in the electric car sector. Read More..

B2B Tech News | 1 years ago        

Airbus Records Strong April Deliveries with 13% YearonYear Growth

Airbus reported 61 aircraft delivered in April, a 13% increase over the same time in the previous year. With this, there have been 203 deliveries made

Airbus reported 61 aircraft delivered in April, a 13% increase over the same time in the previous year. With this, there have been 203 deliveries made this year. Notably, during the month, 51 A321neo aircraft were ordered by an unidentified airline. IAG, the owner of British Airways, also rearranged five of its narrowbody aircraft throughout the firm. Thus far this year, Airbus has sold a total of 227 aircraft this number rises to 222 when the conversions within the order book of the IAG airline group are taken into account. Read More..

B2B Tech News | 1 years ago        

Zeekr Intelligent Technology Holding Rushes IPO Close as Demand Surges

Aiming to raise $367.5 million, Chinese electric car manufacturer Zeekr Intelligent Technology Holding will conclude its New York IPO book building on

Aiming to raise $367.5 million, Chinese electric car manufacturer Zeekr Intelligent Technology Holding will conclude its New York IPO book building one day ahead of schedule. The book building, which was supposed to end on Thursday, will instead end on Wednesday. Zeekr is anticipated to begin trading in New York on Friday. The transaction books have been oversubscribed several times, a sign of substantial investor interest even with the early close. The luxury brand of Chinese manufacturer Geely, Zeekr, is wellpositioned to benefit from the rising demand for electric cars. Geely and Zeekr both declined to comment on the situation. Read More..

B2B Tech News | 1 years ago        

Wayve Secures $1.05 Billion Investment Led by SoftBank for SelfDriving Technology

Wayve, a British business developing selfdriving technology, has raised $1.05 billion in a fundraising round headed by SoftBank Group. Other contribut

Wayve, a British business developing selfdriving technology, has raised $1.05 billion in a fundraising round headed by SoftBank Group. Other contributors include Nvidia and Microsofts current backer. With this, Wayve has secured over $1.3 billion, making it the most significant investment in a British firm with an AI emphasis. By enabling cars to handle erratic situations, Wayves Embodied AI technology seeks to hasten the shift to autonomous driving. Wayve intends to enhance its artificial intelligence AI with overtheair upgrades. It is now incorporated into six vehicle platforms, including electric cars like the Jaguar IPACE. The investment is a testament to Wayves creative problemsolving and increasing awareness of the difficulties associated with autonomous driving. Read More..

B2B Tech News | 1 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   13748   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   11149   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   11471   

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.
   11307   

5.  Approximately 8 billion gadgets connect on the internet every day.
   14397   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.