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Robinhood Launches $1 Billion Share Buyback Program, Signaling Maturity

Starting this years third quarter, Robinhood Markets HOOD.O plans to repurchase $1 billion worth of equities through its first share buyback programme

Starting this years third quarter, Robinhood Markets HOOD.O plans to repurchase $1 billion worth of equities through its first share buyback programme. This action shows that the 11yearold business, wellknown for its retail trade software, is beginning to mature. Although buybacks are generally linked to more established companies, Robinhoods move indicates its efforts to draw in investors looking for evidence of growth beyond its first stages of development. Following the bell, the news increased shares by 4.3% to $21.34, potentially reaching alltime highs not seen since December 2021. Even with the recent advances, Robinhoods stock is still below its August 2021 top, forcing the business to expand its product line to include a credit card and retirement account to meet changing consumer needs. Read More..

B2B Tech News | 1 months ago        

Africas VC Landscape From Boom to Reevaluation

Africas venture capital scene has undergone turbulent times recently, with company investments skyrocketing from $1.3 billion to $4 billion between 20

Africas venture capital scene has undergone turbulent times recently, with company investments skyrocketing from $1.3 billion to $4 billion between 2019 and 2021. However, a decline to $2.27 billion in 2023, comparable to pre2016 levels, denotes a change. Eghosa Omoigui of EchoVC attributes this shift to global issues and low lending rates. Timbuktoo Africas founder, Dr. Eleni Z. GabreMadhin, advocates for cooperation between governments and institutional investors, emphasising the necessity of a robust local investment base to maintain VC inflows. The author advocates for companies to implement a multicountry approach early to reduce risks and get sustained venture capital funding. The author emphasises the significance of overcoming obstacles while fostering Africas technology sector. Read More..

B2B Tech News | 1 months ago        

PhonePe Revolutionizes CrossBorder Payments UPI Now Accessible in Sri Lanka

PhonePes users may now make UPI payments all around Sri Lanka thanks to a partnership with LankaPay. Thanks to this partnership, PhonePe customers vis

PhonePes users may now make UPI payments all around Sri Lanka thanks to a partnership with LankaPay. Thanks to this partnership, PhonePe customers visiting Sri Lanka may efficiently utilise UPI to make payments at LankaPay QR businesses. This is made possible via the Unified Payments Interface and the LankaPay National Payment Network. The usage of INR for transactions will streamline currency conversion for users. PhonePes International Payments division CEO, Ritesh Pai, emphasised the ease of use that Indian travellers will experience from this relationship. Channa de Silva, CEO of LankaPay, expressed enthusiasm about improving payment experiences for businesses and travellers. The importance of this UPI launch for bilateral economic partnerships and the future of digital payments in Sri Lanka was also stressed by the Indian High Commissioner to Sri Lanka, Santosh Jha, and Central Bank of Sri Lanka Governor Nandalal Weerasinghe. Read More..

B2B Tech News | 1 months ago        

Brazil Raises 2024 Growth Forecast to 2.5% Amid Retail and Job Gains

Brazils Finance Ministry increased its estimate of economic growth to 2.5% in 2024 from 2.2% in March, citing robust retail sales, the creation of job

Brazils Finance Ministry increased its estimate of economic growth to 2.5% in 2024 from 2.2% in March, citing robust retail sales, the creation of jobs, and the expansion of credit. However, recent floods in the Rio Grande do Sul have significantly increased inflation forecasts for 2024 and 2025 since they have affected supply chains and pricing for goods like rice, beef, and chicken. Inflation is predicted to hit 3.20% in 2025 and 3.70% in 2024. The ministry also predicts fewer interest rate reductions and a higher terminal interest rate, indicating a cautious attitude despite continued economic concerns and recent climate catastrophes. Read More..

B2B Tech News | 1 months ago        

Shanghai Eases Data Transfer Rules to Attract Foreign Investment

Shanghai has developed a list of information that may be sent abroad without requiring security evaluations to draw in foreign investment during an ec

Shanghai has developed a list of information that may be sent abroad without requiring security evaluations to draw in foreign investment during an economic slowdown. The action eases the worries of international companies, including Tesla, advocating for more convenient data transfers in light of Chinas more stringent national security regulations. Delays and misunderstandings result from the 2022 legislation requiring offshore data transfers connected to domestic businesses to undergo security evaluations. According to the citys trial initiative, companies in Shanghais freetrade Lingang Area can transfer "ordinary data" from the mutual fund, automobile, and biomedical industries without undergoing further evaluations. This effort, which intends to improve international corporate operations, responds to calls for greater clarity on crossborder data transfers. Read More..

B2B Tech News | 1 months ago        

MDL Marks 250th Anniversary with Special Commemorative Coin Release

A unique commemorative coin was released to mark the 250th anniversary of Mazagon Dock Shipbuilders Limited MDL. This is a significant turning point f

A unique commemorative coin was released to mark the 250th anniversary of Mazagon Dock Shipbuilders Limited MDL. This is a significant turning point for one of the most prominent shipyards in India. Since its founding in 1774, MDL has played a significant role in developing Indias marine capabilities and supporting economic expansion and defence. The commemorative coin has elaborate graphics representing MDLs long history and dedication to producing topnotch ships. This statement honours the commitment of MDLs employees and pays tribute to the companys legacy of excellence and innovation. The coin represents the potential and challenges that the maritime industry faces going forward, reiterating MDLs commitment to promoting Indias maritime legacy and position as a worldwide leader. Read More..

B2B Tech News | 1 months ago        

Mark Mobius Indias Growth Hinges on Foreign Investments in Technology Sectors

Veteran investor Mark Mobius thinks foreign investment in technology industries such as software and semiconductors would be critical to Indias future

Veteran investor Mark Mobius thinks foreign investment in technology industries such as software and semiconductors would be critical to Indias future. He underlined that if the government successfully entices foreign firms, India has the potential to develop into a centre for technological innovation and manufacturing. Mobius emphasised the value of education above degrees and the role that attitude has in attaining success. He advised against emotional investment in light of current market feelings and advocated for logical analysis, citing John Templetons tactic of purchasing while others sell. Mobius said the current volatility in the Indian market was due to the unpredictability of the upcoming elections, but it can also offer opportunities for purchases. He expressed optimism about market responses if the ruling party wins a sizable majority, stressing the significance of policy goals for technological adoption and economic expansion. Read More..

B2B Tech News | 1 months ago        

China Surpasses US to Become Indias Largest Trading Partner in FY 202324

With $118.4 billion in bilateral trade, China overtook the US as Indias top trading partner in the fiscal year 2023–2024. Indias imports increased b

With $118.4 billion in bilateral trade, China overtook the US as Indias top trading partner in the fiscal year 2023–2024. Indias imports increased by 3.24% to $101.7 billion, while exports to China increased by 8.7% to $16.67 billion. On the other hand, Indias imports fell by 20% to $40.8 billion, while its exports to the US decreased by 1.32% to $77.5 billion, leaving an increased trade surplus of $36.74 billion. The founder of GTRI, Ajay Srivastava, emphasised the need for strategic trade policies in the face of shifting global economic environments by pointing out notable changes in Indias trade dynamics with its top 15 trading partners. Read More..

B2B Tech News | 1 months ago        



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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