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Closing call Nifty closes at 17,700, Sensex 130 points. Oil and gas, metals. Drug withdrawal

The Nifty closed at 17,698 up by 0.2%. The sectoral pack traded mixed Oil & Gas, Metal and Power ended with gains whereas Healthcare as well as IT wer

The Nifty closed at 17,698 up by 0.2%. The sectoral pack traded mixed Oil & Gas, Metal and Power ended with gains whereas Healthcare as well as IT were the top losers. The return of FaIIs and the declining dollar index aided the market rally. While Metal and Private Banks indices outperformed. The Bank Nifty index continued its strong up step throughout the week and surpassed the level of 39,000 on a closing basis. The indexs next resistance is placed at 39,500 where fresh call writing has been witnessed and if breached will see a further up move towards the 40000 level. The instant support on the downside stands at 38,000 and one should keep a buyondip approach. Read More..

B2B Tech News | 2 years ago        

Zeepay Raises $10 Million in Series A.5

Crossborder payments company Zeepay, which operates as a mobile money competitor, has announced a $10 million raise. The mediumterm debt raise, part o

Crossborder payments company Zeepay, which operates as a mobile money competitor, has announced a $10 million raise. The mediumterm debt raise, part of Series A.5, is meant to help Zeepay tap to grow remittances to its wallet business. This raise was led by Symbiotics BV at USD 9 million and was supported by a USD 1 million fund in Mauritius for a total of USD 10 million. According to founder and CEO Andrew TakiAppiah I, this growth was necessary and driven by plans to grow annual sales from $1.5 billion by 2021 to $200 billion over the next five years. . This will help increase support from regional African banks such as Ecobank, Fidelity Bank and Absa. Read More..

B2B Tech News | 2 years ago        

Due to the market downturn, Masayoshi Son is now down $4 billion on SoftBank side deals.

Japanese billionaire Masayoshi Son has racked up a deficit of $2.1 billion from his interests in Vision Fund 2 and Latam fund. He has a 33% stake in S

Japanese billionaire Masayoshi Son has racked up a deficit of $2.1 billion from his interests in Vision Fund 2 and Latam fund. He has a 33% stake in SB North star, a vehicle set up at the company to trade stocks and derivatives. There is no deadline for repayment and the value of his position could improve in the future. Sons net worth stood at $12.1 billion after Thursdays close, after adjusting for his interests in Vision Fund 2 and Latam fund. SoftBank expects to raise more than $34 billion by selling part of its stake in Alibaba Group Holding Ltd. Filo pledged to implement significant cost measures at their joint venture to strengthen its finances. Read More..

B2B Tech News | 2 years ago        

Apex expands partnership with Marlin Capital Partners and expands Singapore executive team

A boutique asset management and advisory company with its main office in the Bahamas is called Marlin Capital Partners. It manages assets at its discr

A boutique asset management and advisory company with its main office in the Bahamas is called Marlin Capital Partners. It manages assets at its discretion and is authorised and governed by the Securities Commission of The Bahamas. Apex was chosen to offer the Marlin Money Market Fund outsourced management company, middle office, and fund administration services in 2021. The global compliance solutions developed by Apex Group for the Singapore market have also been expanded. Read More..

B2B Tech News | 2 years ago        

Indias Vedanta and Foxconn select $20 billion technology site

According to sources cited by Nikkei Asia, the Indian metals conglomerate Vedanta is close to deciding on a location for a massive $20 billion tech hu

According to sources cited by Nikkei Asia, the Indian metals conglomerate Vedanta is close to deciding on a location for a massive $20 billion tech hub that will produce microchips, displays, and other goods. Vedanta will partner with Taiwanese electronics giant Foxconn to reduce supply disruptions abroad. According to two people with firsthand knowledge of the situation, representatives from Vedanta, which is expanding beyond its core commodity business, have been touring a 400acre 160hectare site in Pune in the western state of Maharashtra that is a leading candidate to house the hub. Other potential locations are said to be in the southern state of Karnataka and the neighboring states of Gujarat. Read More..

B2B Tech News | 2 years ago        

Google fined $60 million for misleading Australians about location data collection

Google has agreed to pay a $60 million fine to an Australian competition watchdog over a longrunning lawsuit alleging it misled users into collecting

Google has agreed to pay a $60 million fine to an Australian competition watchdog over a longrunning lawsuit alleging it misled users into collecting personal location data. Last April, a federal court ruled that Google violated consumer protection law by misleading some local users that it did not collect personal location information through mobile devices running the Android operating system. If the users location history was set to off, it was clear that Google was still collecting and accessing location data when Internet and app activity was on and one of the apps was in use. The company was also found to have violated two other consumer laws related to misleading claims and misleading claims about the performance characteristics of the service. Read More..

B2B Tech News | 2 years ago        

The companys ecommerce operation expanded in Q2 as Jumias shares increased

African ecommerce giant Jumia announced its secondquarter earnings today. The companys performance indicators showed doubledigit yearoveryear growth i

African ecommerce giant Jumia announced its secondquarter earnings today. The companys performance indicators showed doubledigit yearoveryear growth in active users, orders, GMV, and revenue. Its shares climbed more than 15% in early trading after the results were released. Jumias adjusted EBITDA losses grew last quarter compared to the yearago period up 37.4% and Q1 2022. In the first half of the year, this figure was $112.5 million. The company plans to cut spending and reduce its adjusted EBTDA loss to between $87 million and $107 million in the second half of 2022. If achieved, Jumia will be able to meet its expectation of losing not more than $220 million this year. Jumias marketplace KPIs detailed some upbeat news for the company. In terms of category trends, everyday categories accounted for 66% of the companys GMV compared to 34% for phones and electronics Read More..

B2B Tech News | 2 years ago        

Latin America now receives GSBNs Cargo Release

COSCO SHIPPING Lines, OOCL, and global port operator Hutchison Ports are among the companies involved in the rollout of Cargo Release. Due to their pr

COSCO SHIPPING Lines, OOCL, and global port operator Hutchison Ports are among the companies involved in the rollout of Cargo Release. Due to their proximity to North and Latin American markets, Mexico and Panama are strategically important ports for global trade.GSBN is an independent, nonprofit technology consortium developing a blockchainenabled operating system designed to redefine global business. We are pleased to see Commodity Release spread its wings around the world after its initial success in China a year ago, said Zhang Xi, general manager of COSCO Shipping Lines Latin America/Africa business. the first hour. 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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