Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

South Africa is switching to solar energy to help end power outages

The South African government is attempting to increase the countrys solarpower generation capacity. So far, solar accounts for only 0.9% of total ener

The South African government is attempting to increase the countrys solarpower generation capacity. So far, solar accounts for only 0.9% of total energy consumption in a country that receives eight to ten hours of sunlight per day on average. Solar panels can provide power to many rural homes that are not connected to the grid. Art Solar, a South African solar energy company, has opened a new facility in Durban that can produce 650,000 solar panels per year. Despite the fact that its panels are more expensive than lowerquality imports, it supplies private homes and businesses. Zola Electric intends to build selfcontained minigrids for villages and other communities. Read More..

B2B Tech News | 2 years ago        

Gland Pharma announces the acquisition of European group Cenexi for 120 million euros, shares fall 4.37%

Gland Pharma Limited, a contract development and manufacturing company focused on generic injectables, has announced the acquisition of Cenexi Group t

Gland Pharma Limited, a contract development and manufacturing company focused on generic injectables, has announced the acquisition of Cenexi Group through its wholly owned subsidiary Gland Pharma International PTE, Singapore. The acquisition will aid in the expansion of the companys footprint and the acceleration of its product portfolio in the European market. Gland Pharma has been looking to establish a manufacturing presence in Europe. Cenexis proposed acquisition would be Glands first international acquisition. The acquisition gives the company access to cuttingedge knowhow and development capabilities in sterile forms, such as ophthalmic gel, needleless injectors, and hormones. Read More..

B2B Tech News | 2 years ago        

Tata is in talks to buy Wistrons factory in India for up to $613m

The Economic Times business newspaper said Wednesday that Tata Group is in talks to buy Wistron Corps 3231.TW sole manufacturing site in India for up

The Economic Times business newspaper said Wednesday that Tata Group is in talks to buy Wistron Corps 3231.TW sole manufacturing site in India for up to 50 billion rupees $612.6 million, citing people familiar with the discussions. If a bid to buy the facility in the southern Indian state of Karnataka fails, Tata may consider a joint venture with Taiwans Wistron, one of Apple Incs AAPL.O top sellers in India, according to the newspaper, which cited sources close to Tata. According to the article, Tata Electronics, a unit of the salttosoftware conglomerate Tata Group, already sells components to Apple from its Hosur factory in Tamil Nadu, which borders Karnataka. Read More..

B2B Tech News | 2 years ago        

Collins Foods Suspends Taco Bell Launch Amid $16.9M Impairment Crisis

For the half year that ended in midOctober, Collins Foods recorded a net profit after tax NPAT of $11 million, a decline of 58% from the prior year. O

For the half year that ended in midOctober, Collins Foods recorded a net profit after tax NPAT of $11 million, a decline of 58% from the prior year. Over the previous two financial years, four of the companys 24 Taco Bell stores had already seen an impairment. Eight out of the 11 stores that displayed symptoms of impairment were impaired, with the charge consisting of $7.4 million in property, plant, and equipment and $9 million in rightofuse assets. The problem overshadowed Taco Bells 42.6 percent increase in headline revenue, which was a good result. Apart from the five to six restaurants it has already committed to, the group has put a halt to future restaurant construction as it works with Yum! to boost sales. Read More..

B2B Tech News | 2 years ago        

Seedstars is launching a new platform to support emerging and diverse VC managers

With the introduction of Seedstars Capital, an initiative to support the upcoming generation of fund managers, particularly in developing countries, w

With the introduction of Seedstars Capital, an initiative to support the upcoming generation of fund managers, particularly in developing countries, was undertaken by Seedstars. In the next ten years, Seedstars anticipates investing more than $500 million in developing and diverse management, resulting in the creation of 10,000 new employment and an increase in GDP of more than $20 billion in emerging economies. Over $500 million in additional investment is anticipated by Seedstars to go toward the training and assistance of these new managers. In the next ten years, it predicts that more than 10,000 new employment will be generated, contributing to an increase in GDP of more than $20 billion throughout emerging countries. The platform has already introduced its first fund, Seedstars International Ventures, an industryneutral fund supporting preseed and seedstage businesses. Read More..

B2B Tech News | 2 years ago        

J&T Express appoints Lionel Messi as first global ambassador

In an effort to boost the brand through partnerships with regional network partners, Indonesiabased logistics company J&T Express has appointed footba

In an effort to boost the brand through partnerships with regional network partners, Indonesiabased logistics company J&T Express has appointed football star Lionel Messi as the organizations first worldwide ambassador. The attacker for Argentina and Paris SaintGermain is one of the games top players and has won seven Ballon dOrs. He is the sixth most marketable athlete in the world, according to SportsPro Media. Cristiano Ronaldo, a fellow football player and the most marketable athlete in the world, was previously named the regional ambassador of the Singaporebased ecommerce company Shopee in 2019. Read More..

B2B Tech News | 2 years ago        

Sonic Healthcare Acquires a 20% Stake in Gut Health Company Microba Life Sciences

Sonic will buy 19.99 percent of Microba for 26 cents per share. Sonic will gain distribution rights for microbiome testing in seven countries as part

Sonic will buy 19.99 percent of Microba for 26 cents per share. Sonic will gain distribution rights for microbiome testing in seven countries as part of the agreement. Microbas technology is used to measure the human gut microbiome, and the biotech is also working on microbial cell therapies. Sonic Healthcare is one of the largest medical diagnostics companies in the world. The company is valued at $15.2 billion and employs more than 41,000 people. Sonic generated $9.3 billion in revenue in FY22, a 7% increase over the previous year. Read More..

B2B Tech News | 2 years ago        

VerSe Innovation, backed by Google and Microsoft, lays off 150 employees

150 employees—or 5% of its workforce—have been let go by VerSe Innovation, an Indian digital unicorn. For employees making more than 1 million rup

150 employees—or 5% of its workforce—have been let go by VerSe Innovation, an Indian digital unicorn. For employees making more than 1 million rupees $12,242 yearly, the company has also implemented an 11% compensation reduction, according to the corporation, in order to ensure longterm profitable growth. VerSe runs two platforms Josh, a shortvideo app with 100 million downloads, and Dailyhunt, a news aggregator with over 350 million monthly active users as of June. VerSe was valued at $5 billion after obtaining US$805 million in April, having been founded in 2007 by Umang Bedi and Virendra Gupta with the support of Google and Microsoft. This month, a wave of layoffs occurred in the Indian computer industry as a result of the present macroeconomic circumstances. Read More..

B2B Tech News | 2 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8807   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7323   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7648   

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.
   7760   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8933   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.