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Indian Organization Charges Vivo with $280 Million Tax Evasion

An Indian government agency has accused Chinese company Vivo Mobile of evading 22.1 billion Indian rupees $280 million in tax. The tax evasion charge

An Indian government agency has accused Chinese company Vivo Mobile of evading 22.1 billion Indian rupees $280 million in tax. The tax evasion charge is the second indictment against a Chinese phone maker in India this week. Indias Directorate of Revenue Intelligence DRI detected customs duty evasion, following which it has issued a show cause notice to Vivo India.Vivo India did not immediately respond to the comment. The announcement follows similar action against Oppo, which is seeking a fee of 44 billion Indian rupees $556.57 million. Read More..

B2B Tech News | 2 years ago        

Australian market falls on profit

At the close, the S&P/ASX200 was down 22.11 points, or 0.32%, at 6,975.95. Overall, 9 of the 11 ASX sectors closed lower, with the consumer sector dow

At the close, the S&P/ASX200 was down 22.11 points, or 0.32%, at 6,975.95. Overall, 9 of the 11 ASX sectors closed lower, with the consumer sector down 1.23%, followed by consumer staples 0.9% and financials 0.88%. Information Technology was the best performing sector, growing by 2.18%, followed by Materials +0.35%. Financial shares fell after $3. Central Bank officials confirmed the need to raise interest rates to curb inflation, with the big four banks losing 0.41.6% at the risk of slowing growth. producer. On a yearoveryear basis, retail sales were up 12%. Read More..

B2B Tech News | 2 years ago        

Egyptian and Korean jets staged an air show over the Pyramids of Giza

Egyptian and South Korean aerobatics teams performed together for the first time at the Giza Pyramids area. The event was witnessed by 800 guests and

Egyptian and South Korean aerobatics teams performed together for the first time at the Giza Pyramids area. The event was witnessed by 800 guests and tourists on the pyramids plateau. The Egyptian Gazelle helicopters Horus Team and Paratroopers also took part in the show. South Korean Ambassador to Egypt, Hong Jinwook said it was an honour to see these two teams performing together. The Korean ambassador to Egypt has said that Korea will continue to bolster its bilateral relations with Egypt in all fields including S&T, infrastructure, trade, investment, and most importantly peopletopeople exchange. He pointed out that Koreas participation in EDEX 2021 and the exchanges of highlevel personnel resulted in creating momentum for defence industrial cooperation between the two countries. Read More..

B2B Tech News | 2 years ago        

Amazon Freevee expands to Germany

The service, which is supported by advertisements, debuted with Bosch: Legacy and other Amazon Freevee Originals, as well as live, thematically-progra

The service, which is supported by advertisements, debuted with Bosch: Legacy and other Amazon Freevee Originals, as well as live, thematically-programmed channels from BBC Food, BBC Travel, BBC History, X-Factor: Reliable, FilmRise products, Craction TV from Heaven to Highway.. Customers in Germany, both Prime and non-Prime, can access the service through the Prime Video app, website, and, shortly, a standalone Fire TV app. The service was introduced to the world for the first time in the UK last year. Germany has since been added to its global reach. Read More..

B2B Tech News | 2 years ago        

Bizongo has raised $25 million to help Southeast Asian manufacturers automate their supply chains

Tech Funding News reported on Wednesday August 3 that packaging materials platform Bizongo has raised $25 million to help manufacturers in Southeast A

Tech Funding News reported on Wednesday August 3 that packaging materials platform Bizongo has raised $25 million to help manufacturers in Southeast Asia automate their supply chains, access working capital and expand the customer base. Israeli venture capital group Liquidity Group led Bizongos recent fundraising round. The company was founded in 2015 by Indian Institute of Technology graduates named Sachin Agarwal, Aniket Deb, and Ankit Tomar. Bizongo provides boxes, containers, bags, and pouches for food and hospitality, consumer goods, and retail. It has warehouses in Mumbai, Bengaluru, and Delhi and clients include BigBasket, Nykaa, Swiggy, Delhivery, Teabox, and Tata Cliq. Bizongo has over 300 commercial customers and over 3,000 partner factories through two platforms Procure Live and Partner Hub. Read More..

B2B Tech News | 2 years ago        

Australias CocaCola Europacific Partners replatforms its call centres

CocaCola Europacific Partners Australia has transformed the platform that underpins its call center business. The new platform, which includes compone

CocaCola Europacific Partners Australia has transformed the platform that underpins its call center business. The new platform, which includes components from Genesys, Salesforce, and others, was launched in late 2021 after about a year of work. The project kicked off in October 2020 and ran through much of the pandemic. CocaCola Europacific Partners CCEP Australia has launched a new contact center platform called BPT. BPT is the internal name for CocaColas IT function and involves partners including Telstra Purple. The companys contact center operations are heavily reliant on businesses placing beverage orders as well as onfield sales teams and delivery drivers for support. CCEP Australia used realtime insights about call flow and how a call is routed to resolution through a contact center operation to make adjustments to its interactive voice response IVR options. Read More..

B2B Tech News | 2 years ago        

Homzmart of Egypt receives $23 million in preSeries B funding

An Egyptian eCommerce platform, Homzmart, has announced securing a $23 million preSeries B investment. The latest funding round saw participation in S

An Egyptian eCommerce platform, Homzmart, has announced securing a $23 million preSeries B investment. The latest funding round saw participation in STV, Impact46, Outliers Ventures, Rise Capital, and NUWA Capital. An Indian fintech startup, Bluecopa, has also announced securing $2.3m funding led by Blume Ventures. Ibrahim added that the funding will be utilized in expanding the companys regional footprint. Nilotpal Chanda, cofounder, and chief business officer of Bluecopa confirmed the new funding in a press release on Wednesday. Read More..

B2B Tech News | 2 years ago        

SoftBank raises $22 billion in spinoff from Alibaba

SoftBank secured $22 billion in cash by selling a prepaid forward contract with holding company Alibaba Group, the Financial Times report. The deal al

SoftBank secured $22 billion in cash by selling a prepaid forward contract with holding company Alibaba Group, the Financial Times report. The deal allows the Japanese company to raise funds immediately while maintaining its shareholding capacity. SoftBank can drop its stake below a threshold to keep its seat on the board and not recognize its share of Alibabas profits in its financial statements. About $13.17 billion was increased from Alibaba shares through prepaid forward contracts, new contracts, swaps, and the early termination of existing contracts. In recent years, SoftBank has used Alibaba shares to trade complex derivatives, including hedging exposure. The global stock market slump hurt SoftBanks earnings as the value of its technology investments continued to decline. 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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