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Nestle India Set to Report Strong Q1 2024 Results, Fueled by Margin Enhancement

For the first quarter of 2024, Nestle India is expected to report strong profit growth fueled by margin improvement and pricing changes. With a 4% yea

For the first quarter of 2024, Nestle India is expected to report strong profit growth fueled by margin improvement and pricing changes. With a 4% yearoveryear increase in volume, revenue growth is predicted to reach 6.6%, hitting ₹5,150 crore as opposed to ₹4,830 crore the same time the previous year. It is projected that net profit will increase from ₹736.6 crore to ₹858 crore, a 16.5% increase. Analysts predict that more outofhome spending will boost profits by 300 basis points for gross margin and 110 basis points for EBITDA margin. Nestle is anticipated to profit from proactive initiatives and decrease milk expenditures, boosting EBITDA margin increase to 23.5%, despite worries about the costs of cocoa and coffee. Future patterns in demand and the dynamics of material costs will command market attention. Read More..

B2B Tech News | 3 months ago        

Ford Motor Beats Q1 Earnings Estimates Despite Electric Vehicle Division Losses

Strong sales of trucks and commercial vehicles helped Ford Motor beat Q1 earnings projections, offsetting losses in its electric car segment. It adjus

Strong sales of trucks and commercial vehicles helped Ford Motor beat Q1 earnings projections, offsetting losses in its electric car segment. It adjusted the outlooks for capital expenditure and free cash flow while maintaining its 2024 profit projection. Automobile revenue is below projections even though it exceeded earnings predictions. After a year of $1.76 billion, net income dropped to $1.33 billion, or 33 cents per share. Adjusted earnings for the Ford Blue company suffered a dip, whilst the Ford Pro commercial business had a boom. The electric car division, Model E, reported a deficit. CEO Jim Farley outlined initiatives to lower warranty costs and solve quality concerns with the F150 truck. Ford plans to reduce expenses by $2 billion this year in response to competitor General Motors impressive Q1 results. Read More..

B2B Tech News | 3 months ago        

Nigeria Seeks $2.25 Billion Loans from World Bank to Address Economic Challenges

Following the IMF/World Bank spring meetings, Nigerias Finance Minister, Wale Edun, declared that the country is seeking loans from the World Bank tot

Following the IMF/World Bank spring meetings, Nigerias Finance Minister, Wale Edun, declared that the country is seeking loans from the World Bank totalling up to $2.25 billion. The loans total $750 million for programforresults funding and $1.5 billion for development policy financing. The government also intends to sell bonds for the diaspora to raise foreign cash. The request will be approved during the June meeting of the World Bank board. Even with recent moves to cut back on government borrowing from the central bank, Nigeria continues to have difficulties with high levels of debt, unemployment, and shortages of foreign money, all of which are reflected in the devaluation of the Naira versus the US dollar. Read More..

B2B Tech News | 3 months ago        

TI Projects Q2 Revenue Above Estimates, Reflecting Improved Demand for Analog Chips

Texas Instruments TI reported secondquarter revenue that was higher than expected, indicating that the companys analogue semiconductors are in higher

Texas Instruments TI reported secondquarter revenue that was higher than expected, indicating that the companys analogue semiconductors are in higher demand as sales of consumer devices continue to rise. This optimistic view suggests that inventory adjustments for analogue chips may become less frequent. Digitaltophysical communication and device powering are made possible by TIs processors. Sales decreases may still occur in the analogue industry, but prospects for more normal seasonal demand in the following quarters are promising. TIs outlook is positive, with a midpoint sales prediction of $3.8 billion for Q2, above analyst forecasts of $3.77 billion. Analysts see this estimate favourably, speculating that industries such as automotive may be rebounding and that downturns in some segments, including the automobile sector, may not be as bad as expected. Read More..

B2B Tech News | 3 months ago        

IBM Nears Acquisition of Cloud Provider HashiCorp, Stock Surges by 24%

HashiCorp is a provider of cloud software, and a person with knowledge of the situation said that IBM is nearing the acquisition. After the Wall Stree

HashiCorp is a provider of cloud software, and a person with knowledge of the situation said that IBM is nearing the acquisition. After the Wall Street Journals first article, the news led HashiCorps shares to jump by 24%, hitting a market value of $6.1 billion. To increase the scope of its cloud solutions, IBM has prioritised acquisitions under CEO Arvind Krishna. This is particularly relevant in light of the growing need for generative artificial intelligence, which gains from cloud softwares capacity to handle massive amounts of data. Californiabased HashiCorp, which helps clients set up and maintain their cloud infrastructures, had a 22.5% increase in sales to $583.1 million for the year that ended on January 31. Even if a deal may be sealed shortly, the negotiations might not result in a sale. Read More..

B2B Tech News | 3 months ago        

Googles €600 Million Investment in Groningen Data Center Set to Boost Job Opportunities

Google, which Alphabet owns, said on Tuesday that it will be investing 600 million euros, or $640.62 million, in a new data centre in Groningen, Nethe

Google, which Alphabet owns, said on Tuesday that it will be investing 600 million euros, or $640.62 million, in a new data centre in Groningen, Netherlands. It is anticipated that this investment will lead to the creation of 125 new jobs. Google has invested more than €3.8 billion in data centres and related digital infrastructure in the Netherlands in the past eight years. The firm underscored its dedication to putting sustainability first and encouraging a positive influence on the neighbourhood during the new data centres development and operation. Read More..

B2B Tech News | 3 months ago        

Canadas Wealth Gap Widens Amidst Economic Shifts, TD Economics Study Shows

Factors such as inflation, rising interest rates, and falling real estate values have contributed to Canadas widening wealth gap, which disproportiona

Factors such as inflation, rising interest rates, and falling real estate values have contributed to Canadas widening wealth gap, which disproportionately affects middleclass households. According to a TD Economics analysis, there hasnt been this much wage disparity since 2015. Even though household net worth increased overall in 2023, wealthier families benefited more from the increase than other households. Due to the depreciation of their real estate holdings and rising debttoincome ratio, middleclass individuals encountered difficulties. Financial restraints on middleclass families, a significant engine of consumption growth, may cause total consumer spending to decline, while higher income spending is likely to maintain economic resilience temporarily. The shortage of available homes in Canada is also a significant factor contributing to the rise in housing costs. Read More..

B2B Tech News | 3 months ago        

AU Small Finance Bank Introduces New Financial Products Including Credit Cards and Business App

The AU SPONT Rupay Credit Card and the Secured Credit Card NOMO, secured by a set deposit, are two new financial products that AU Small Finance Bank

The AU SPONT Rupay Credit Card and the Secured Credit Card NOMO, secured by a set deposit, are two new financial products that AU Small Finance Bank has introduced. To make banking services more accessible to MSMEs, the bank released the AU 0101 Business App. Furthermore, AU SFB introduced WhatsApp and ATM Insurance for immediate insurance issuance. With incentives and features like access to airport lounges, the NOMO Credit Card is designed to accommodate customers with little credit history. For smooth transactions, the AU SPONT Rupay Credit Card interacts with applications that support UPI. The banks founder, MD, and CEO, Sanjay Agarwal, stressed the need for safe credit access and cuttingedge solutions, including insurance purchases made via WhatsApp and ATMs. Read More..

B2B Tech News | 3 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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