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Indias Trade with the US Soars to $39.2 Billion, Strengthening Economic Ties

Exports from India to the US increased from $21.46 billion in 2015 to $39.2 billion in October 2023, indicating a steady increase in trade. Accords su

Exports from India to the US increased from $21.46 billion in 2015 to $39.2 billion in October 2023, indicating a steady increase in trade. Accords such as the IndoPacific Economic Framework reinforce the economic cooperation between the two nations. Indias exports, especially IT services, are thriving despite prospective obstacles from a future US government, such as potential tariffs and more stringent immigration regulations. Indias biggest trading partner is still the US, and the two countries bilateral commerce is expected to continue growing, particularly in technology and services. Read More..

B2B Tech News | 1 months ago        

India and Kazakhstan Strengthen Trade and Tech Ties, Focus on Electronics and Manufacturing

With an emphasis on manufacturing and electronics, India and Kazakhstan are strengthening their technological and commercial relations. Leaders of the

With an emphasis on manufacturing and electronics, India and Kazakhstan are strengthening their technological and commercial relations. Leaders of the two countries explored joint venture potential during the IndiaKazakhstan Business Conference in Astana, with Indias electronics capabilities—including the "MakeinIndia" initiative—playing a significant role. In support of Kazakhstans digital initiatives, the event showcased Indias proficiency in digital payments, including UPI. The development of intelligent cities, energyefficient infrastructure, and electronics manufacturing are promising areas for collaboration. The value of bilateral trade reached $1 billion in 2023, and there is still room for expansion. Read More..

B2B Tech News | 1 months ago        

Findi Shares Hit 20Year High Following A$75.7 Million Acquisition of Tata Communications Unit

Following the news that it had paid A$75.7 million to acquire the payment solutions division of Tata Communications, Findis FND.AX stock surged to a t

Following the news that it had paid A$75.7 million to acquire the payment solutions division of Tata Communications, Findis FND.AX stock surged to a twodecade high. With 4,600 new ATMs and a White Label ATM platform, the transaction will significantly grow Findis ATM business. In the first year, the acquisition is anticipated to increase net profit by A$2 million to A$4 million and revenue by A$28 million to A$30 million. Findi intends to use its current resources to finance the acquisition and is awaiting approval from the Reserve Bank of India. Read More..

B2B Tech News | 1 months ago        

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        



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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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