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French IT Firm Atos Keeps Steady Amid Sales Decline

The French IT company Atos saw a more than 5% increase in its shares after maintaining its yearly outlook in spite of losses in its IT division. The c

The French IT company Atos saw a more than 5% increase in its shares after maintaining its yearly outlook in spite of losses in its IT division. The companys thirdquarter organic sales decreased by 3% as a result of a 7.2% decline in Tech Foundations, which is the IT sector it is in talks to sell to Czech billionaire Daniel Kretinsky for €2 billion. Eviden, the remaining company, experienced 2.3% organic growth. Atos restated its operating profit and organic sales goals for the entire year. The proposed agreement might give Kretinsky a 7.5% share in Atos assets that the French government considers strategically important. Read More..

B2B Tech News | 2 years ago        

Arceliks Purchase of Whirlpools European Unit Gets EU Antitrust Approval

EU antitrust regulators have approved Turkish appliance manufacturer Arceliks acquisition of Whirlpools European domestic appliances division. The Eur

EU antitrust regulators have approved Turkish appliance manufacturer Arceliks acquisition of Whirlpools European domestic appliances division. The European Commission found no competition concerns, noting the presence of alternative suppliers in the regions where both companies operate. The agreement, announced in January, involves establishing a new entity composed of Arceliks European units and Whirlpools European business. Arcelik will hold a 75% stake, with Whirlpool owning the remaining 25%. The UKs antitrust regulator is conducting an indepth investigation into the deal, as the new entity would become the UKs largest single supplier of household appliances, worth over £3.8 billion. Read More..

B2B Tech News | 2 years ago        

Southwest Slows Capacity Growth for 2024 Due to Changing Travel Patterns

Southwest Airlines has decided to slow down its capacity growth in response to changing travel demand patterns, moving closer to prepandemic norms. In

Southwest Airlines has decided to slow down its capacity growth in response to changing travel demand patterns, moving closer to prepandemic norms. In the first quarter of 2024, they will increase flying by 1012%, down from the previously expected 16% growth. For the full year 2024, Southwest aims for 68% growth. Airlines had been increasing capacity this year, but travelers are now returning to traditional booking habits, often during peak vacation times, leading to lower airfares. Last year, challenges like offpeak travel and aircraft shortages had kept fares high. Read More..

B2B Tech News | 2 years ago        

Q3 Insights Indian Tech Adapts to Generative AI, Navigates Challenges

In Q3 this year, the Indian tech sector saw 87 deals worth $1.4 billion, marking a 40% value increase from the previous quarter, despite a 13% decline

In Q3 this year, the Indian tech sector saw 87 deals worth $1.4 billion, marking a 40% value increase from the previous quarter, despite a 13% decline in deal quantity. Generative AI is becoming more prominent, transforming the industry as major tech firms adopt it for increased efficiency across various sectors, as per a Grant Thornton Bharat report. Raja Lahiri, Partner and Technology Sector Leader at Grant Thornton Bharat, suggested that the tech industry needs to reconsider its investment strategies due to an 88% decrease in deal values compared to the prior year. He stressed the significance of innovation in areas such as spacetech, SaaS, AI, and cloud to navigate the evolving landscape. Read More..

B2B Tech News | 2 years ago        

Indias Economic Surge Projected to Outpace Japans GDP by 2030

India is set to become the thirdlargest global economy by 2030, with a GDP of $7.3 trillion, surpassing Japan, as per S&P Global Market Intelligence.

India is set to become the thirdlargest global economy by 2030, with a GDP of $7.3 trillion, surpassing Japan, as per S&P Global Market Intelligence. The Indian economy has shown steady growth in 2023, with an expected GDP increase of 6.26.3% by March 2024, making it the fastestgrowing major economy this year. Indias growth is driven by significant foreign investments, a youthful population, and increasing urban incomes. In 2022, Indias GDP already exceeded that of the UK and France, and its predicted to surpass Germany by 2030. Currently, the US is the largest global economy, followed by China, Japan, and Germany. S&P Global identified key drivers supporting Indias longterm economic prospects. Read More..

B2B Tech News | 2 years ago        

Mondu Partners with 16 UK Companies to Enhance B2B Payment Solutions

Berlinbased B2B payments company Mondu has received approval from the Financial Conduct Authority FCA and is set to collaborate with 16 UK clients. Mo

Berlinbased B2B payments company Mondu has received approval from the Financial Conduct Authority FCA and is set to collaborate with 16 UK clients. Mondu, which previously achieved substantial growth in Germany, Austria, and the Netherlands, entered the UK market this year with an office in London, led by former TrueLayer UK country manager Roger De’Ath. The company, known for providing B2B payment solutions, conducted a $14 million equitybased seed round in October 2021. With the UKs highly digitized market and the B2B ecommerce sector valued at over $200 billion, Mondus FCA approval is a strategic move. Notable among its 16 new clients are PCSpecialist, Hughes Trade, Clooper, Sera Technology, and Raw Sport. Read More..

B2B Tech News | 2 years ago        

Economic Hurdles Clip OVHclouds Wings

The continued instability of the financial environment is expected to cause French cloud services operator OVHcloud to predict a fall in organic growt

The continued instability of the financial environment is expected to cause French cloud services operator OVHcloud to predict a fall in organic growth for the upcoming fiscal year. The corporation projects an 11–13% increase in revenue for the 2024 fiscal year, falling short of analysts’ projections of a 14.7% fullyear revenue gain. Cloud operations account for more than 80% of OVHclouds income. The company reported that its performance in the most recent fiscal year, which saw a 13.4% increase in revenue to 897 million euros—just below analyst estimates of 899.8 million euros—was attributed to ongoing economic issues in North America. Read More..

B2B Tech News | 2 years ago        

Siemens Stock Soars Amid Legal GST Clash

Following a fiveday decrease, Siemens Ltds shares saw a 1% increase to Rs 3,442 on October 25. This was in response to the companys writ appeal, which

Following a fiveday decrease, Siemens Ltds shares saw a 1% increase to Rs 3,442 on October 25. This was in response to the companys writ appeal, which it filed with the Bombay High Court to challenge a showcause notice SCN under the CGST Act, 2017. The SCN concerns leasehold interests in Mumbai land and freehold interests in buildings concerning GST levies the total possible tax and interest consequences come to Rs 245.9 crore. The State of Maharashtra, the Department of Revenue, and the Ministry of Finance are parties to the legal battle. Siemens stated that it was confident in its defence, although, on the NSE, its shares had just dropped by over 8%. Read More..

B2B Tech News | 2 years 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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