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Adani Faces Renewed Investigation Over Alleged Coal Import Overvaluation

Regarding the purported overvaluation of coal imports, Indian officials are attempting to resume their investigation into the Adani Group. Since 2016,

Regarding the purported overvaluation of coal imports, Indian officials are attempting to resume their investigation into the Adani Group. Since 2016, the Directorate of Revenue Intelligence has been trying to get transaction papers. The agency believes that Adanis coal shipments from Indonesian suppliers were invoiced to its Singaporean subsidiary, Adani Global Pte, at a premium price before being sent to its Indian arms. Adani has used legal arguments to prevent the release of papers from Singapore successfully. The Revenue Intelligence agency is attempting to overturn a previous court ruling that permitted Adani to obstruct the gathering of evidence from Singapore. Adani refutes any misconduct. Read More..

B2B Tech News | 2 years ago        

ValueAct Capital Dives into Recruit Holdings and Expedia for Growth

ValueAct Capital Management has invested in Expedia Group, an online travel agency, and Recruit Holdings, the parent firm of the jobsearch website Ind

ValueAct Capital Management has invested in Expedia Group, an online travel agency, and Recruit Holdings, the parent firm of the jobsearch website Indeed. Both businesses, in the opinion of the investment company, are well positioned for rapid expansion. The interests were not disclosed, but Expedia is worth around $17 billion on the market, while Recruit is estimated to be worth $49 billion. ValueAct wrote to clients stating that both businesses would gain from more strategic modernization of online services, more cost management, and intelligent pricing. Following the news, Recruits American depository receipts increased by over 8%, while Expedias stock price increased by 7.5%. Read More..

B2B Tech News | 2 years ago        

Siemens Eyes Moderate Growth in 2024 Amidst Cautious Industrial Outlook

Siemens reported an industrial profit that exceeded forecasts in the fourth quarter, but they have issued a more cautious sales projection for 2024. T

Siemens reported an industrial profit that exceeded forecasts in the fourth quarter, but they have issued a more cautious sales projection for 2024. The German industrial giant has reported an 11% increase in sales for its 2023 business year nevertheless, for the next 12 months, it expects revenue growth of 48%. This is primarily because of the low estimates in its industrial automation segment, where sales may increase by 3% or stay the same. After clients restocked, Siemens expressed confidence that worldwide demand in the automation sector, especially in China, will rise in the fiscal years second half. In the fourth quarter, the companys sales increased by 10% to €21.4 billion $23.19 billion. Read More..

B2B Tech News | 2 years ago        

Boeing Lands Big Deal with Ethiopian Airlines for 737 MAX and 787 Dreamliners

Ethiopian Airlines and Boeing have reached a deal for Ethiopian Airlines to purchase 20 737 MAX aircraft and an extra 11 787 Dreamliners at the Dubai

Ethiopian Airlines and Boeing have reached a deal for Ethiopian Airlines to purchase 20 737 MAX aircraft and an extra 11 787 Dreamliners at the Dubai Air Show. This is just the beginning, according to CEO Mesfin Tasew, who has announced plans for a second fleet renewal round in the upcoming years. The airline can purchase 15 more 7879 Dreamliners and is anticipated to exercise options for an additional 21 narrowbody aircraft. In the upcoming months, Tasew also said he would want to announce an order for widebody aircraft, either the Airbus A350 or the Boeing 777X. Following Boeings resolution of design flaws in the wake of the 2019 tragedy, the airline declared its restored faith in the 737 MAX. Read More..

B2B Tech News | 2 years ago        

Adobe on Alert EU Expected to Issue Antitrust Warning on Figma Bid

Adobe expects the European Union EU to issue an antitrust warning regarding its $20 billion offer for the cloudbased design platform Figma. Adobes chi

Adobe expects the European Union EU to issue an antitrust warning regarding its $20 billion offer for the cloudbased design platform Figma. Adobes chief legal officer, Dana Rao, reaffirmed the assumption and said the business would happily resolve any possible regulatory issues. Significant IT acquisitions have come under increased EU scrutiny, especially involving startups that may become rivals. Adobe is keen to proceed with the acquisition and is prepared to explore potential solutions depending on the issues mentioned in the expected European Commission declaration of objections. Read More..

B2B Tech News | 2 years ago        

Rising Prices Push Argentines Toward SecondHand Markets Amidst Economic Struggles

Struggling with over 140% inflation, Argentines are increasingly shopping at secondhand clothing stores to locate reasonably priced items or to get mo

Struggling with over 140% inflation, Argentines are increasingly shopping at secondhand clothing stores to locate reasonably priced items or to get more money by selling their old clothes. Living in poverty, twofifths of Argentinas population is facing its greatest crisis in decades. The nations continuous economic difficulties are affecting the runoff for president. Anger among voters about increasing prices has boosted the chances of the outsider Javier Milei, who is now slightly ahead of Economy Minister Sergio Massa in the polls. Due to severe financial troubles brought on by Octobers 142.7% inflation rate, many in Argentina began looking for alternatives, such as used clothes marketplaces. Read More..

B2B Tech News | 2 years ago        

Zelle Scam Reversal JPMorgan Chase & Bank of America Lead Refund Initiative

Banks using the Zelle payment system, such as Bank of America and JPMorgan Chase, have started to reimburse consumers who have fallen for impostor fra

Banks using the Zelle payment system, such as Bank of America and JPMorgan Chase, have started to reimburse consumers who have fallen for impostor frauds and reverse transactions that were completed by clients who were tricked into paying money to con artists. The federal consumer watchdog and US politicians expressed concerns, which prompted the action. The seven banks that control the peertopeer network, which includes Bank of America and JPMorgan Chase, have added a new reimbursement benefit for some sorts of scams. Legislators inquiries into an increase in fraud and predictions that Zelle customers lost $440 million to fraud in 2021 alone prompted the regulation change. Read More..

B2B Tech News | 2 years ago        

Piyush Goyal Unveils Teslas Vision Doubling Indian Component Imports

Indian Trade Minister Piyush Goyal has stated that Tesla intends to increase its imports of Indianmade components by twofold. After seeing Teslas Cali

Indian Trade Minister Piyush Goyal has stated that Tesla intends to increase its imports of Indianmade components by twofold. After seeing Teslas California factory, he posted the details on social networking site X. Tesla has previously declared that it will get parts from India worth between $1.7 billion and $1.9 billion this year. In the year prior, the business imported $1 billion worth of components from India. The purpose of Goyals visit was to talk about Teslas intentions to build a plant in India, produce a car that costs $24,000, find additional suppliers, and build up a statewide network of charging stations. Read More..

B2B Tech News | 2 years 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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