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NTPC Green Energy Shares Surge 11.9% in Strong Market Debut

Strong investor enthusiasm in Indias expanding clean energy sector was reflected in NTPC Green Energys shares, which rose 11.9% on its first day of tr

Strong investor enthusiasm in Indias expanding clean energy sector was reflected in NTPC Green Energys shares, which rose 11.9% on its first day of trade. Indias need for $385 billion in investments in renewable energy by 2030 was reflected in the oversubscription of the $1.2 billion initial public offering. NTPC Renewable Energy will use the proceeds of the largest initial public offering IPO in the nations renewable energy sector to pay down its debt. The encouraging reaction from the market reflects the impressive results of other clean energy firms, underscoring hope for Indias drive towards renewable energy. Read More..

B2B Tech News | 4 months ago        

Zimbabwe’s President Mnangagwa Tackles $12.7 Billion External Debt in Key Meeting

President Emmerson Mnangagwa of Zimbabwe convened a meeting to discuss the restructuring process and the nations $12.7 billion external debt. The IMF

President Emmerson Mnangagwa of Zimbabwe convened a meeting to discuss the restructuring process and the nations $12.7 billion external debt. The IMF and the government are discussing a Staff Monitored Program SMP, which may result in significant reforms. Mthuli Ncube, the finance minister, anticipates having more precise debt restructuring dates by the middle of 2025. Resolving debts owed to large creditors, such as the World Bank and the IMF, is necessary to obtain financial support and future funding. Zimbabwes debt problems, however, continue to be a significant obstacle to foreign financing. Read More..

B2B Tech News | 4 months ago        

Qualcomm’s Interest in Full Intel Acquisition Dims, Focuses on Specific Intel Assets

According to reports, the difficulties around a possible deal caused Qualcomms enthusiasm to purchase Intel to wane. After initially considering a com

According to reports, the difficulties around a possible deal caused Qualcomms enthusiasm to purchase Intel to wane. After initially considering a comprehensive acquisition of Intel in September, Qualcomm seems more interested in acquiring particular Intel divisions than the entire business. Considering the combined market dominance of both companies, antitrust issues may arise in the transaction. Due to its inability to sustain its manufacturing advantage and failure to seize possibilities such as investing in OpenAI, Intel has witnessed a sharp decline in its stock price and has fallen out of the Dow Jones Industrial Average. Read More..

B2B Tech News | 4 months ago        

Anglo American Divests Coal Assets in Australia, Targets Growth in Copper and Clean Energy

As part of its restructuring plan to concentrate on copper, Anglo American has agreed to sell Peabody Energy its coal assets used in the steelmaking i

As part of its restructuring plan to concentrate on copper, Anglo American has agreed to sell Peabody Energy its coal assets used in the steelmaking industry in Australia for a maximum price of $3.78 billion. Deferred payments, a $2.05 billion upfront payment, and a possible $450 million contingent consideration linked to the Grosvenor mines reopening are all included in the agreement. To concentrate on copper, which is essential for the development of clean energy and artificial intelligence, Anglo is selling up noncore assets like platinum and diamonds. This reorganisation aims to simplify the companys portfolio and increase shareholder value. Read More..

B2B Tech News | 4 months ago        

PresidentElect Trump’s Tariff Plan Targets Mexico, Canada, and China Over Immigration and Fentanyl Issues

Presidentelect Donald Trump has responded to border and drugrelated concerns by proposing hefty tariffs on imports from China, Canada, and Mexico. To

Presidentelect Donald Trump has responded to border and drugrelated concerns by proposing hefty tariffs on imports from China, Canada, and Mexico. To combat fentanyl smuggling and illegal immigration, Trump specifically proposed a 10% tax on Chinese goods and a 25% tariff on goods from Canada and Mexico. Due to worries about how this action will affect global commerce and the USMexicoCanada Agreement USMCA, it has produced tremors in international markets. In response, China and Canada both emphasised the possible economic repercussions. Although proponents contend that these tariffs may boost American manufacturing and leverage more robust trade agreements, economists caution that they could potentially hamper the global economy by increasing the cost of goods in the US. Read More..

B2B Tech News | 4 months ago        

Nadhim Zahawi and Mohamed Mansour in Talks to Join U.S. Consortium for The Telegraph Acquisition

According to the Financial Times, BritishEgyptian billionaire Mohamed Mansour and British former finance minister Nadhim Zahawi are in advanced negoti

According to the Financial Times, BritishEgyptian billionaire Mohamed Mansour and British former finance minister Nadhim Zahawi are in advanced negotiations to join a U.S.led group seeking to acquire The Telegraph. Zahawi and Mansour are discussing joining the highprofile offer for the British daily, which may significantly impact who owns it and how it is edited. One of the main competitors in the current selling process is the U.S.led consortium, whose identity is being kept a secret. If the acquisition closes, The Telegraph, a prominent UK media outlet, would see a vast ownership change. According to reports, the discussions are ongoing, and no decisions have been made yet. Read More..

B2B Tech News | 4 months ago        

Developing Countries Slam $300 Billion Climate Deal as "Paltry" and "Insufficient" at COP29

Developing country delegates vehemently denounced the UN climate negotiations deal, which pledges $300 billion a year to assist developing countries i

Developing country delegates vehemently denounced the UN climate negotiations deal, which pledges $300 billion a year to assist developing countries in tackling climate change. COP29 President Mukhtar Babayev forced the agreement through without letting countries protest, but when given the opportunity, representatives from nations such as Nigeria and India voiced their anger. Chandni Raina, Indias negotiator, described the agreed sum as "paltry" and inadequate to sustain the economic expansion and climate action required for survival. Similar worries were expressed by Nkiruka Maduekwe of Nigeria, who called the agreement "a joke" and an "insult," emphasising that affluent countries need to be held more accountable for their part in driving climate change. Read More..

B2B Tech News | 4 months ago        

IndiaASEAN Free Trade Review Set for February 2025 in Jakarta to Enhance Sustainable Trade

After the fourth round of negotiations concluded in New Delhi in November 2024, the next round of the IndiaASEAN Free Trade Agreement in Goods AITIGA

After the fourth round of negotiations concluded in New Delhi in November 2024, the next round of the IndiaASEAN Free Trade Agreement in Goods AITIGA review will be held in Jakarta, Indonesia, in February 2025. The objective of the evaluation is to improve sustainable trade with the ASEAN area. The AITIGA Joint Committee, comprising eight SubCommittees, will address various topics, including trade remedies, customs processes, rules of origin, and market access. Eleven per cent of Indias international trade is with ASEAN, making it a significant trading partner. With a 5.2% increase from April to October 2024, the bilateral commerce reached $121 billion in 2023–2024. Read More..

B2B Tech News | 4 months ago        



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