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Dia Mirza invests in Greendigo, Elev8 announces a $200 million fund to invest in tech startups, and BharatPe POS business achieves profitability.

Elev8 Venture Partners has announced the launch of a $200 million fund to invest in technology companies. Actor Dia Mirza has invested undisclosed cap

Elev8 Venture Partners has announced the launch of a $200 million fund to invest in technology companies. Actor Dia Mirza has invested undisclosed capital in Greendigo, a zerocarbon organic baby clothing brand. Cloudbased 3D reconstruction app Preimage has raised $1.7 million in a seed funding round. Kidbea, a sustainable childrens clothing brand, has secured preseed funding of Rs. 1.5 crore. The company intends to use the funds to increase its marketing efforts and expand its team. UKbased Reall, an impactful organization in the affordable housing sector, is investing in Syntelect, a global fintech startup for affordable housing. Read More..

B2B Tech News | 2 years ago        

Blackstone has big REIT plans in India

Blackstone and its partners are seeking to float a massive real estate investment trust REIT in India. The REIT could issue a public offering to raise

Blackstone and its partners are seeking to float a massive real estate investment trust REIT in India. The REIT could issue a public offering to raise Rs 7,000–8,000 crore, which will be submitted as draught papers to the capital markets regulator the following year. A REIT called Embassy Office Parks REIT was listed by Blackstone and its joint venture partner Embassy in April 2019. This was the first listed REIT in the nation, and it owns and manages 42 million square feet of properties. Blackstone Malls, a Blackstone mall subsidiary, is also preparing for a retail REIT. Read More..

B2B Tech News | 2 years ago        

Asian stocks decline due to British tax cuts and German inflation

Asian stocks fell again. On Friday, after German inflation soared, Britains prime minister championed a tax cut plan that has unsettled investors and

Asian stocks fell again. On Friday, after German inflation soared, Britains prime minister championed a tax cut plan that has unsettled investors and slowed Chinese factory activity. Wall Streets benchmark S&P 500 index fell 2.1% on Thursday to its lowest level in nearly two years after strong US jobs data boosted expectations for further rate hikes. German inflation accelerated to 10.9% in September as Chancellor Scholz warned of a double whammy for Europes fourth largest economy. S&P 500 on track through September down 8% The Dow Jones fell 1.5%, the Nasdaq 2.8%, and the FTSE 100 1.8%. UKs Truss shrugs off his criticism and defends his tax cut plan despite the IMFs call to reverse course. Read More..

B2B Tech News | 2 years ago        

NIWA 65% of containers destined for Nigeria arrive in Onitsha, Aba

Dr. George Moghalu, the managing director of NIWA, stated that the Southeast is the destination of 65% of the cargo berthing in Nigeria through the La

Dr. George Moghalu, the managing director of NIWA, stated that the Southeast is the destination of 65% of the cargo berthing in Nigeria through the Lagos ports. At a news conference on Wednesday at the State House in Abuja, he announced this. The NIWA also intends to make Lake Chad a navigable inland waterway to other nations in Africa. The head of NIWA expressed concern about the threat of floating debris in important waterways, noting that NIWA spends a fortune each year getting rid of nonbiodegradable waste like plastic and rubber. He also disclosed that the federal government is about to finalize an agreement to secure technology from South Africa for guarding and monitoring the countrys inland waterways. Read More..

B2B Tech News | 2 years ago        

A new IAEA publication on climate change and nuclear energy highlights Africas potential.

Africas energy demand is growing twice as fast as the global average, driven by a growing urban population. Nearly 600 million people and 10 million s

Africas energy demand is growing twice as fast as the global average, driven by a growing urban population. Nearly 600 million people and 10 million small businesses in Africa lack reliable electricity. In subSaharan Africa, the World Bank reports that nearly 80 percent of businesses are affected by power outages. Several African countries are exploring the possibility of adding nuclear power to their energy mix. The International Energy Agency IEA is supporting 30 nuclear newcomers in Africa and around the world to develop the infrastructure needed for nuclear programs. Ghana has collaborated with the IAEAled Integrated Nuclear Infrastructure Assessment INIR mission since 2017. The Minister of Environment, Science, Technology and Innovation in Africa Kwaku said “Ghana wants to provide the diversity needed to ensure energy security for future requirements. Read More..

B2B Tech News | 2 years ago        

Surveys of senior economists are increasingly focused on a global recession

Seven out of ten economists believe that a global recession is at least somewhat likely. According to the WEF, real wages are likely to continue decli

Seven out of ten economists believe that a global recession is at least somewhat likely. According to the WEF, real wages are likely to continue declining globally in 2022–2023. According to a survey, food security may be in jeopardy in many places over the next three years. A quarterly report called The Chief Economists Outlook builds on the most recent changes in policy as well as chief economists surveys and consultations. In lowincome countries, nearly 80% of respondents predicted that cost increases would lead to social unrest, compared to 20% in highincome economies. Read More..

B2B Tech News | 2 years ago        

US boutique bank Rein expands into Southeast Asia, bets on media and technology

Southeast Asias digital media and technology sector, one of the fastestgrowing Internet markets with young consumers, is attracting US investment bank

Southeast Asias digital media and technology sector, one of the fastestgrowing Internet markets with young consumers, is attracting US investment bank Raine Group to expand in the region, senior officials said. Ravic, a banker at Goldman Sachs for 16 years before founding Raine in the aftermath of the global financial crisis, expects approximately 650 million people to transact across borders. Global media, entertainment and gaming giants are expanding their presence in the emerging economies of Southeast Asia. Deborah Yuping Mei, who heads Reins Asia division and recently moved from Shanghai to Singapore, says Rein will find 57 bankers in Singapore in the next 12 years. Raine specializes in media, sports and technology transactions, overseeing $4 billion in growth and venture capital. Read More..

B2B Tech News | 2 years ago        

EOSDA Collaborates with Space Technology for Farmers in Eastern Africa to Fight Climate Change

EOS Data Analytics, a global provider of AIpowered satellite imagery analytics, has signed a partnership with Hawaiibased Space Technologies for Farme

EOS Data Analytics, a global provider of AIpowered satellite imagery analytics, has signed a partnership with Hawaiibased Space Technologies for Farmers LLC STF. STF was founded to fight climate change by providing sustainable forestry and agricultural tools and solutions in indigenous forms. This collaboration gives STF access to a professional subscription to EOSDA Crop Monitoring, an online satellite platform for precision agriculture 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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