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Federal Bank Reduces Bill of Lading Handover Time to 3 Hours with Digital Solution

By switching to a digital solution, Federal Bank successfully cut the lead time for transferring lading bills from up to a week to just three hours. T

By switching to a digital solution, Federal Bank successfully cut the lead time for transferring lading bills from up to a week to just three hours. This step reduces hazards like forgery, loss, and theft of paper copies in addition to doing away with reams of paper. Furthermore, lowering the amount of paper used and the carbon emissions related to courier services aligns with Environmental, Social, and Governance ESG principles. Senior Vice President of Federal Bank Rathna Mala L V noted that the bank was happy to be the first in India to successfully finish a pilot programme for digital export document collection through the use of the WaveBL platform, highlighting the advantages of digital transactions in terms of quicker response times and increased operational effectiveness. VP of Financial Institutions, Ofer Ein Bar at WaveBL, emphasized Federal Banks and WaveBLs shared commitment to drive innovation and sustainability in trade finance. Read More..

B2B Tech News | 1 years ago

TCS Shares Drop Over 3% Amid Tata Sons Offer to Sell Stake

Tata Consultancy Services TCS saw a more than 3% decrease on March 19, with shares falling as low as Rs 4022 intraday. Tata Sons, which purportedly of

Tata Consultancy Services TCS saw a more than 3% decrease on March 19, with shares falling as low as Rs 4022 intraday. Tata Sons, which purportedly offered to sell 2.34 crore shares in Indias largest IT services company, is most likely the cause of this fall. During the day, almost 2.2 crore shares, or 0.6% of the stock, were exchanged at an average price of Rs 4,043. TCS shares were down about 3% at Rs 4,032.50 on the National Stock Exchange NSE as of 927 a.m. TCS is now Indias second most valuable listed business, having a market valuation of over Rs 15 lakh crore. As of December 31, 2023, promoters held 72.41% of the shares, while Tata Sons held 72.38%. Sharekhan made an offer to "buy" recommendation for TCS, setting a target price of Rs 4,750, citing the companys robust domain expertise, expansive geographical presence, and potential for sustained revenue growth driven by significant deal wins and rebounding demand in critical sectors such as BFSI. Read More..

B2B Tech News | 1 years ago

Investor Interest Surges in AIThemed ExchangeTraded Funds ETFs

ExchangeTraded Funds ETFs with an Artificial Intelligence AI theme have become extremely popular due to the increased interest in AI. This has given i

ExchangeTraded Funds ETFs with an Artificial Intelligence AI theme have become extremely popular due to the increased interest in AI. This has given investors more opportunities to profit from this rapidly developing technology. The funds span from those with several prominent AI beneficiaries to others focusing on more specialised areas such as robotics and audio production. As of February, the total assets of AIthemed ExchangeTraded Funds ETFs in the US were $6.88 billion, a notable rise from $2.55 billion the previous year. This pattern is consistent with earlier waves of investor enthusiasm for disruptive technology. Notably, Nvidias shares are still attracting attention, making it a focal point in the AI investing environment. Smaller ETFs have also increased significantly, suggesting that investors interest in AIrelated assets is growing. Although some investors concentrate on established AI leaders like Nvidia, others seek exposure to emerging areas expected to benefit from AI t Read More..

B2B Tech News | 1 years ago

Chinese and Angolan Presidents Meet in Beijing, Strengthen Bilateral Ties

During their meeting in Beijing, Chinese President Xi Jinping greeted Angolan President Joao Lourenco as an old friend of China. Xi emphasised that Ch

During their meeting in Beijing, Chinese President Xi Jinping greeted Angolan President Joao Lourenco as an old friend of China. Xi emphasised that China and Angola have a longstanding and mutually beneficial relationship and that their cooperation is an example of winwin and SouthSouth cooperation. The two presidents talked further about improving trade and economic cooperation while expressing thanks for the assistance. During the meeting, they also declared that the bilateral ties will now be elevated to a comprehensive strategic cooperative partnership. Read More..

B2B Tech News | 1 years ago

EU Unveils $8 Billion Aid Package for Egypt to Address Economic Pressures and Migration Concerns

To ease economic strains and resolve worries about increased immigration to Europe, the European Union has proposed an $8 billion aid package for Egyp

To ease economic strains and resolve worries about increased immigration to Europe, the European Union has proposed an $8 billion aid package for Egypt. The agreement, which aims to strengthen collaboration between the EU and Egypt, consists of grants and loans spread over three years. It seeks to fortify Egypts borders, especially with Libya, and support the countrys hosting of Sudanese refugees. Egypt has traditionally been a destination or a hub for migration. Still, the agreement raises questions about human rights, with civil society organisations calling on EU leaders to confront Egypts limitations on the media. EU representatives defend the alliances by pointing to initiatives to improve local and migrant circumstances. Read More..

B2B Tech News | 1 years ago

STEAG Indian Army Establishes Elite Unit for Researching Future Communication Technologies

The Signals Technology Evaluation and Adaptation Group STEAG is an elite organisation of the Indian Army that conducts research and evaluations of cut

The Signals Technology Evaluation and Adaptation Group STEAG is an elite organisation of the Indian Army that conducts research and evaluations of cuttingedge communication technology for military applications. To improve defence capabilities, this unit will investigate cuttingedge technologies, including Artificial Intelligence AI, machine learning, 5G, 6G, and quantum technologies. Evaluation of a broad spectrum of wired and wireless systems, such as electronic exchanges, mobile communications, Software Defined Radios SDR, and Electronic Warfare EW systems, is part of STEAGs mandate. It wants to establish itself as a leading company at the forefront of technical innovation in the military sector by promoting cooperation with academics and businesses to find and create specialised solutions for defence applications. Read More..

B2B Tech News | 1 years ago

South African Rand Weakens Early Against Dollar, Mining and Manufacturing Data Awaited

Early weakness in the rand versus the dollar was seen at 0757 GMT, it was down 0.4% from the previous close, trading at 18.6400. At the same time, the

Early weakness in the rand versus the dollar was seen at 0757 GMT, it was down 0.4% from the previous close, trading at 18.6400. At the same time, the dollar appreciated by about 0.15% relative to a worldwide currency basket. Figures South Africas release of mining and industrial data for January might affect the local currency. In the meantime, the Top40 index on the Johannesburg Stock Exchange saw a 0.4% fall. The benchmark 2030 government bond also saw a decline its yield increased by four basis points to 10.25%. Read More..

B2B Tech News | 1 years ago

Adani Group Plans ₹1.2 Lakh Crore Investment Boost, Focusing on Green Energy and Infrastructure

In the next fiscal year, the Adani Group plans to increase its investments to about ₹1.2 lakh crore $14 billion, emphasising infrastructure and rene

In the next fiscal year, the Adani Group plans to increase its investments to about ₹1.2 lakh crore $14 billion, emphasising infrastructure and renewable energy. This corresponds to the groups $100 billion investment objective over the next seven to ten years, a 40% increase over the current fiscal year. Thirty per cent of the anticipated investment will assist the growth of ports and airports, with the remaining seventy per cent going towards green energy projects, including green hydrogen and renewable electricity. By investing in runway and terminal renovations, the firm hopes to treble airport capacity by 2040, with a combined capacity of 300 million passengers annually. Read More..

B2B Tech News | 1 years ago

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