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Business transactions with Lanka can be arranged outside the ACU

According to a Reserve Bank announcement, all eligible current account transactions, including trade transactions with Sri Lanka, may now be settled i

According to a Reserve Bank announcement, all eligible current account transactions, including trade transactions with Sri Lanka, may now be settled in any authorized currency without using the Asian Clearing Union ACU mechanism. The new system will go into effect with immediate effect. The ACU currently counts as a member of Bangladesh, Bhutan, India, Iran, Maldives, Nepal, Pakistan, and Sri Lanka. All payment instruments subject to ACU must be valued in AMUs, which have a value equal to one US dollar, one euro, and one Japanese yen. Read More..

B2B Tech News | 2 years ago        

The Spanish company Enel Green Power is installing 1,130 MW of wind and solar power plants

Enel Green Power Espaa EGPE, a subsidiary of Endesa that specializes in renewable energy, is developing 27 renewable energy projects in Spain that wil

Enel Green Power Espaa EGPE, a subsidiary of Endesa that specializes in renewable energy, is developing 27 renewable energy projects in Spain that will generate more than 1,130 MW of new green power. Solar and wind projects are built in Aragon, CastillaLa Mancha, Extremadura, and Andalusia. This ambitious plan to decarbonize electricity generation will enable Entesa to become a zeroemission company by 2040. Over the past three years, Entesa has trained more than 4,000 people in coordination with city councils in cities with renewable energy projects created. In the future, courses related to operation will be added to the main section, as they are part of the operation of Endesas renewable energy facilities. Read More..

B2B Tech News | 2 years ago        

Korea is ready to receive tourists

One of the nations that welcome tourists are the best in South Korea. Seouls top attractions include a Confucian shrine and four palaces. Gyeongjus Ha

One of the nations that welcome tourists are the best in South Korea. Seouls top attractions include a Confucian shrine and four palaces. Gyeongjus Hahoe and Yangdong villages have been included on the UNESCO World Heritage List. Beaches, hot springs, and nature preserves are prominent features of Busan. On a tiny island in the South Pacific, there is a tropical garden called Oedo Island. There are 150 large and small islands in Tongyeong. Jeju Island is referred to as Hawaii in South Korea. Read More..

B2B Tech News | 2 years ago        

The Lulu Group of Yusuff Ali enters Uttar Pradesh with a supermarket

Yusuff Aliled Lulu Group is entering northern India with one of the biggest supermarkets in Uttar Pradesh. The Abu Dhabibased group runs its famous su

Yusuff Aliled Lulu Group is entering northern India with one of the biggest supermarkets in Uttar Pradesh. The Abu Dhabibased group runs its famous supermarkets in the cities of Kochi, Bengaluru, and Thiruvananthapuram. The group, with interests in various business areas, including real estate, has a significant presence in many Gulf nations as well as the US, the UK, Italy, and China, among other countries. Tablez has diverse interests in fashion, specialty retail, and food and beverages in the GCC and India. It has plans of action to open over 100 stores in India in 2022. The Lulu Group is also active in the hospitality industry, owning fivestar luxury properties, major convention centers, and travel consulting companies. Its Indian subsidiary has stretched its operation in hypermarkets, shopping malls, food processing units, ecommerce, and fun stations. Read More..

B2B Tech News | 2 years ago        

US defence company terminates negotiations to purchase surveillance equipment from NSO Group

US defense contractor L3 Harris has abandoned talks to acquire NSO Groups surveillance technology. The White House has said that any potential deal ra

US defense contractor L3 Harris has abandoned talks to acquire NSO Groups surveillance technology. The White House has said that any potential deal raises serious counterintelligence and security issues for the United States. NSO was placed on a US blacklist by president Joe Bidens administration last November. The Israeli Ministry of Defense should have approved any acquisition of NSO surveillance technology by a US company. Read More..

B2B Tech News | 2 years ago        

By 2023, 30% of Singaporeans will have a digital bank account

Singapore had the highest adoption rate among the Asian nations surveyed by Finder in 2022, at 21.22 percent. According to Finder, an additional 5% of

Singapore had the highest adoption rate among the Asian nations surveyed by Finder in 2022, at 21.22 percent. According to Finder, an additional 5% of adults will open a digital banking account, bringing Singapores adoption rate to 35%. The age groups of 18 to 24 and 25 to 34 are leading the adoption of digital banks, respectively. According to Elizabeth Barry, global fintech editor at Finder, Singapore has similar levels of banking adoption to Hong Kong 20% but is far ahead of nations like Malaysia and the Philippines 13% each. Read More..

B2B Tech News | 2 years ago        

BNY Mellon is planning campaigns to attract investors to Saudi Arabia

The US investment company BNY Mellon has organized several international campaigns to attract and promote investment in Saudi Arabia. The company has

The US investment company BNY Mellon has organized several international campaigns to attract and promote investment in Saudi Arabia. The company has partnered with SNB Capital, the Ministry of Investment of Saudi Arabia, and Tadawul to put the kingdom on the global financial map. SNB Capital is the securities management and investment banking department of the National Bank of Saudi Arabia. In October 2020, SNB Capital allied with BNY Mellon. This alliance will help create a strong, leading, and inclusive capital market environment in the Kingdom. Read More..

B2B Tech News | 2 years ago        

The Indonesian company Bara Daya presented the lowest price in the offer to import coal from India

Bara Daya Energy overbid Adani, who was the only bidder for the two contracts. However, Bara Daya is a controversial company that had earlier terminat

Bara Daya Energy overbid Adani, who was the only bidder for the two contracts. However, Bara Daya is a controversial company that had earlier terminated its contract with stateowned Gujarat Power Corporation due to breach of contract and nondelivery of coal. The bids made by Coal India Limited CIL last month had only two bidders. The Indonesian company announced a Rs 4,331 crore bid for the East Coast and Rs 4,497 crore for the West Coast. Read More..

B2B Tech News | 2 years ago        



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