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DealShare to Close B2B Division 130 Employees to be laid off

Tiger Globalbacked ecommerce platform DealShare is winding down its underperforming businesstobusiness B2B unit in the next few months. This decision

Tiger Globalbacked ecommerce platform DealShare is winding down its underperforming businesstobusiness B2B unit in the next few months. This decision has led to a series of layoffs, following earlier reports of the company consolidating operations, including moving its headquarters from Bengaluru to Delhi NCR. This move is expected to result in additional job cuts. DealShare had already reduced its workforce by 100 employees during a January business rationalization. In a recent companywide meeting, DealShare announced it would lay off 120130 employees, equivalent to just over 10 percent of its workforce, which previously consisted of 1,100 employees. Read More..

B2B Tech News | 2 years ago        

Toshiba after a 74year presence poised to exit the stock market

After 74 years on the stock market, iconic Japanese company Toshiba is going private. A consortium led by Japan Industrial Partners JIP now holds a co

After 74 years on the stock market, iconic Japanese company Toshiba is going private. A consortium led by Japan Industrial Partners JIP now holds a controlling 78.65% stake, surpassing the twothirds threshold needed for a $14 billion buyout. Toshiba, founded in 1875 as a telegraph equipment manufacturer, is set to cease public trading by yearend. CEO Taro Shimada views this change as a significant move toward a new future. The company, renowned for its diverse divisions, from consumer electronics to nuclear power, once symbolized Japans postWorld War II recovery and technological innovation, even pioneering one of the first widely available laptops in 1985. Read More..

B2B Tech News | 2 years ago        

Santanders New Frontiers Investing in Consumer and Retail Businesses

The new Retail and Commercial unit, as well as the Digital Consumer Bank, will complement Santanders existing global activities in Corporate and Inves

The new Retail and Commercial unit, as well as the Digital Consumer Bank, will complement Santanders existing global activities in Corporate and Investment Banking, Wealth Management, Insurance, and Payments. The restructure is aimed at helping the business in achieving its objectives stated at its Investor Day in February, which include adding 40 million subscribers by 2025 and improving its return on tangible equity to 1517%. The new Retail and Commercial unit, as well as the Digital Consumer Bank, will complement Santanders existing global activities in Corporate and Investment Banking, Wealth Management, Insurance, and Payments. As it strives to build its investment banking business, the bank is profiting from rising interest rates in Europe. Read More..

B2B Tech News | 2 years ago        

Visa and Swift come together to make B2B transactions easier

Visa and Swift have launched a partnership to streamline international B2B payments. The collaboration aims to give businesses in finance and their cl

Visa and Swift have launched a partnership to streamline international B2B payments. The collaboration aims to give businesses in finance and their clients greater options, speed, and transparency when transmitting money across borders. Swift is a worldwide memberowned cooperative that securely links over 11,500 organisations, whereas Visa is a global leader in digital payments, linking consumers, merchants, financial institutions, and government agencies in more than 200 nations and territories. Visa will move its connection to Swift using Alliance Cloud, a secure cloudbased route for connecting to Swifts network, according to the announcement. This change will allow financial institutions on both networks to provide their business clients with new routing alternatives, as well as realtime status and updates. Read More..

B2B Tech News | 2 years ago        

India builds its own solar modules Chinese imports drop down by 76%

After 2022, Indias reliance on China for solar module imports will be significantly reduced, with domestic production already beginning to ramp up a

After 2022, Indias reliance on China for solar module imports will be significantly reduced, with domestic production already beginning to ramp up as a result of recent governmental measures. Domestic solar module manufacturing capacity in India has increased, along with the quantity of Chinese cells combined locally into solar panels, with India being the 2nd largest market for exported solar power cells after Turkey. In the first half of 2023, India becomes the only nation in the globe to reduce its reliance on solar equipment imports from China, which generates around eight out of every ten solar panels sold worldwide. Read More..

B2B Tech News | 2 years ago        

Global Financial Giant EY Hits Pause on AuditAdvisory Split

Due to resistance from its US office, the British financial services behemoth EY has decided to end its attempt to divide its audit and consulting ope

Due to resistance from its US office, the British financial services behemoth EY has decided to end its attempt to divide its audit and consulting operations. The initiative, dubbed "Project Everest," sought to foster development and avoid conflicts of interest, but it needed the consent of EYs international partners. The US executive committees decision to forego implementing the plan abandoned the project.EY recognises the difficulties involved, including the need for more time and resources, but is still committed to establishing two different organisations to improve audit quality and independence. The initial early 2023 deadline repeatedly delayed the split vote. Read More..

B2B Tech News | 2 years ago        

TCI Express Aims for Impressive FY24 Growth in B2B Trucking

To preserve its leading position, TCI Express is steadfastly focusing on the B2B express trucking market. It plans to achieve outstanding revenue and

To preserve its leading position, TCI Express is steadfastly focusing on the B2B express trucking market. It plans to achieve outstanding revenue and EBITDA growth in FY24. TCI Expresss MD, Chander Agarwal, reaffirmed the business dedication to the B2B market while warning against making substantial expenditures in ecommerce. TCI Express plans to avoid the cutthroat ecommerce sector while reiterating its commitment to its core business. In FY24, the business targets a substantial 15–16% sales increase and a 25–28% EBITDA growth. TCI Express also emphasises its dedication to continued capital spending, increasing capabilities and infrastructure to fulfil client expectations successfully. Read More..

B2B Tech News | 2 years ago        

Asian Oil Prices Slide as U.S. Rate Hike Fears Emerge

Due to anticipation of a U.S. interest rate increase offsetting U.S. crude inventory reductions, oil prices fell in Asia. While American WTI crude dro

Due to anticipation of a U.S. interest rate increase offsetting U.S. crude inventory reductions, oil prices fell in Asia. While American WTI crude dropped 0.78% to $88.96, its lowest price since September 14, Brent futures for November declined 0.76% to $92.82 a barrel. The U.S. Federal Reserves hawkish attitude on prospective rate rises at the years end might exert pressure on oil prices, affecting economic growth and fuel consumption. As a result of this posture, the U.S. currency strengthened, further pushing down oil prices. While U.S. crude inventories decreased as predicted, other experts noticed a less dramatic decrease. Despite this, low Cushing crude stocks, OPEC+ production cutbacks, and tight global supply continue to boost oil prices. 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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