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Vodafone Idea Vi Plans Rs 18,00020,000 Crore FPO to Tackle Debt, Operational Challenges

To raise between Rs 18,000 and Rs 20,000 crore, Vodafone Idea Vi intends to establish an FPO with support from Jefferies, SBI Caps, and Axis Capital.

To raise between Rs 18,000 and Rs 20,000 crore, Vodafone Idea Vi intends to establish an FPO with support from Jefferies, SBI Caps, and Axis Capital. The action is intended to alleviate the telecom companys substantial debt load and operating deficits in the face of intense industry rivalry. As a significant stakeholder, Vi has had support from the government and promises from anchor investors. The subscriber base is still dropping despite recent share issuance to Oriana Investments Pvt Ltd, highlighting the necessity of infrastructure investment to improve service quality and keep subscribers. Vis stock is down around 2 per cent on the National Stock Exchange as of trades close, trading at Rs 12.65. Read More..

B2B Tech News | 3 months ago        

PhonePe Partners with Nepals eSewa and HAN Pokhara for Fewa New Year Festival

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–14 during the Fewa New Year Festival. With more than 3,000 participating businesses and 100,000 attendees expected, the event offers a perfect venue for spreading awareness of digital payments. PhonePe intends to carry out inperson activations to inform nearby retailers and highlight the practicality of UPI payments via engaging activities and kiosks. To encourage the uptake of UPI on the Fonepay Network in Nepal, Ritesh Pai, CEO of PhonePes International Payments division, underlined the need for merchant education and awareness campaigns. Read More..

B2B Tech News | 3 months ago        

PhonePe Partners with Nepals eSewa and HAN Pokhara for Fewa New Year Festival

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–14 during the Fewa New Year Festival. With more than 3,000 participating businesses and 100,000 attendees expected, the event offers a perfect venue for spreading awareness of digital payments. PhonePe intends to carry out inperson activations to inform nearby retailers and highlight the practicality of UPI payments via engaging activities and kiosks. To encourage the uptake of UPI on the Fonepay Network in Nepal, Ritesh Pai, CEO of PhonePes International Payments division, underlined the need for merchant education and awareness campaigns. Read More..

B2B Tech News | 3 months ago        

AWS Ordered to Pay $525 Million in Patent Infringement Case

An Illinois federal jury has sentenced tech startup Kove to pay $525 million to Amazon Web Services, the top cloud service provider under Amazon.com,

An Illinois federal jury has sentenced tech startup Kove to pay $525 million to Amazon Web Services, the top cloud service provider under Amazon.com, for infringing on its patent rights relating to datastorage technology. Three Kove patents that are essential to AWSs capacity to store and retrieve massive amounts of data from the cloud were deemed to have been infringed by the jury. A representative for Amazon said that the corporation disagrees with the decision and intends to appeal. Koves legal representative celebrated the decision as a victory for creativity and the defence of intellectual property rights, particularly for upstarts taking on industry heavyweights. Chicagobased Kove filed a complaint against Amazon in 2018, arguing that the company invented highperformance cloud storage technology long before the cloud era. The complaint claimed that AWS services, including Amazon S3 and DynamoDB, violated Koves patents. Although it dismissed claims of deliberate infringement, the Read More..

B2B Tech News | 3 months ago        

Googles Alphabet Announces $1 Billion Investment in U.S.Japan Subsea Cables

Google, a division of Alphabet, has revealed a significant $1 billion commitment to improve digital connection between Japan and the United States. Pr

Google, a division of Alphabet, has revealed a significant $1 billion commitment to improve digital connection between Japan and the United States. Proa and Taihei, two new undersea cables developed as part of this plan, will improve the connection between the United States and Japan and with other Pacific Island nations and territories. This action aligns with U.S. and Japanese efforts to create robust networks in the Pacific area, emphasising security and trust. Such infrastructure expenditures become more critical as China and the United States compete for influence in the Pacific, especially about the U.S.s goal of gaining supremacy in telecommunications, which it views as a critical national security asset. Googles participation in constructing these underwater cables demonstrates its dedication to expanding global digital connectivity. Read More..

B2B Tech News | 3 months ago        

USIP Report Urges U.S. Refinement of Africa Policy, Focus on Critical Minerals

In a study, the United States Institute of Peace USIP urged the United States to improve its Africa strategy, particularly emphasising vital minerals.

In a study, the United States Institute of Peace USIP urged the United States to improve its Africa strategy, particularly emphasising vital minerals. To combat export restrictions and market manipulation by geopolitical competitors, it is recommended that the diplomatic and economic presence of mining hubs throughout Africa be strengthened. This appeal coincides with attempts to counter China, which leads the continent in investment in Africas extractive industries. Notably, Chinese businesses deal with Zambia, a key producer of copper and cobalt, and own substantial investments in the Democratic Republic of the Congos DRC cobalt production. To alleviate Americas significant reliance on imported vital minerals needed for electric car batteries and other applications, the research suggests stationing more diplomatic and commercial personnel from the United States in mining centres. Read More..

B2B Tech News | 3 months ago        

Ola Cabs to Exit International Markets, Focus on Indian Expansion and EV Fleet

To concentrate on the Indian market and increase the number of electric vehicles EVs in its fleet, Ola Cabs has announced that it is leaving all other

To concentrate on the Indian market and increase the number of electric vehicles EVs in its fleet, Ola Cabs has announced that it is leaving all other markets, including those in the UK, Australia, and New Zealand. The company highlighted the substantial potential for growth in the nations electric transportation industry by pointing to the quick development and profitability of its ridehailing operation in India. Ola has reevaluated its strategy after operating in several foreign areas since 2018. Ola Electric is pursuing an Initial Public Offering IPO simultaneously with this action. Ola is still dedicated to providing service to Indian consumers and driving innovation in the transport sector even after leaving other markets. Read More..

B2B Tech News | 3 months ago        

Tesla Explores Joint Venture with Reliance Industries for Indian Manufacturing Venture

Tesla is allegedly investigating the possibility of forming a joint venture with Reliance Industries Limited RIL to expand its manufacturing footprint

Tesla is allegedly investigating the possibility of forming a joint venture with Reliance Industries Limited RIL to expand its manufacturing footprint in India. With a $2 billion budget set aside for its Indian operations, Tesla is weighing the options for where to build its facility, with Maharashtra emerging as the top contender. During a recent meeting, Tesla CEO Elon Musk announced the companys entry into India and emphasised the need for electric cars. To finalise the plants site and possible joint venture with RIL, senior Tesla executives are anticipated to go to India shortly. The action aligns with Indias Electric Vehicle EV strategy, which aims to entice international EV producers with investment requirements and incentives. The policy mandates a minimum investment of Rs 4,150 crore. It outlines timelines and incentives for domestic manufacturing and value addition in EV production. Read More..

B2B Tech News | 3 months ago        



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