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PM Modi and Maldives President Muizzu Forge Closer Relations Amidst Regional Tensions with China

Following meetings with Maldivian President Mohamed Muizzu in New Delhi, Prime Minister Narendra Modi declared that India will give financial support

Following meetings with Maldivian President Mohamed Muizzu in New Delhi, Prime Minister Narendra Modi declared that India will give financial support to the Maldives through a $400 million currency exchange arrangement and a $100 million rollover of treasury bills. Muizzus tighter links to China have caused a relationship strain, which this action seeks to alleviate. Enhancing travel throughout the Maldives, the two leaders launched the Greater Male Connectivity Project—a project supported by India—and dedicated a new runway at Hanimaadhoo International Airport. Modi highlighted the strong neighbourly relationship between India and the United States, while Muizzu praised Indias contribution to socioeconomic growth. With India and China vying for influence in the area, the currency swap arrangement should assist in resolving the Maldives foreign exchange problems. Read More..

B2B Tech News | 3 months ago        

Arka Fincap Launches Uday to Provide Small Ticket Loans Against Property for MSMEs

Aimed at micro, small, and mediumsized businesses MSMEs, Arka Fincap Limited, a division of Kirloskar Oil Engines Limited KOEL, has introduced Uday, a

Aimed at micro, small, and mediumsized businesses MSMEs, Arka Fincap Limited, a division of Kirloskar Oil Engines Limited KOEL, has introduced Uday, a Small Ticket Loans Against Property STLAP product. The loans, which range from ₹10 lakh to ₹30 lakh, are intended to bridge the $530 million credit gap that small enterprises in Tier II, III, and IV cities encounter. These businesses suffer difficulties obtaining formal credit because of insufficient paperwork. Uday offers structured loans with predictable payback schedules and reduced interest rates compared to unstructured lending sources. Having started with five sites in Tamil Nadu, Arka Fincap intends to take this project nationwide to promote financial inclusion and assist the MSME sector, which presently accounts for a sizable portion of the companys ₹5,768 crore AUM. Read More..

B2B Tech News | 3 months ago        

Woodside Energy Completes $1.2 Billion Acquisition of Tellurian, Rebrands Driftwood LNG Project

The U.S. liquefied natural gas developer Tellurian TELL.A, which includes the U.S. Gulf Coast LNG export project, was acquired by Woodside Energy for

The U.S. liquefied natural gas developer Tellurian TELL.A, which includes the U.S. Gulf Coast LNG export project, was acquired by Woodside Energy for $1.2 billion on Wednesday. Woodside rebranded the Driftwood LNG venture as Woodside Louisiana LNG last week after Tellurian shareholders approved the transaction. The business wants the actual investment decision FID ready for the purchased project by the first quarter of 2025. The project may strengthen the United States position as the worlds largest producer of LNG, with a total approved capacity of 27.6 million tonnes annually. Since Tellurian has been looking for partners to fund the LNG project, the acquisition is anticipated to ease its financial difficulties. Read More..

B2B Tech News | 3 months ago        

AstraZeneca Enters $1.92 Billion Licensing Deal with CSPC to Boost Cardiovascular Pipeline

AstraZeneca’s cardiovascular pipeline will be improved with a licensing deal worth up to $1.92 billion announced Monday with CSPC Pharmaceutical Gro

AstraZeneca’s cardiovascular pipeline will be improved with a licensing deal worth up to $1.92 billion announced Monday with CSPC Pharmaceutical Group Ltd 1093.HK. $100 million in upfront payment, milestone, and royalty payments are all part of the agreement. With patients with elevated "bad cholesterol" levels in mind, CSPC will create a new small molecule Lipoprotein a disruptor. Access to YS2302018, an oral disruptor designed as a lipidlowering treatment, CSPCs preclinical candidate, will be granted to AstraZeneca. The oral small molecule PCSK9 inhibitor AZD0780 from AstraZeneca, intended for individuals with dyslipidaemia that statins cannot effectively treat may be administered in conjunction with this asset to address significant risk factors for chronic cardiovascular illnesses. Read More..

B2B Tech News | 3 months ago        

Berkshire Hathaway Cuts Bank of America Stake, Netting Over $10 Billion Amid Economic Uncertainty

Under Warren Buffetts leadership, Berkshire Hathaway has sold off nearly $10 billion in Bank of America BofA shares, drastically lowering its holding

Under Warren Buffetts leadership, Berkshire Hathaway has sold off nearly $10 billion in Bank of America BofA shares, drastically lowering its holding in the latter company. Amidst concerns about a possible U.S. recession and a challenging future for the banking industry, Buffetts shares have decreased from 13.1% worth around $45 billion to 10.1%, which has alarmed other shareholders. While rivals like JPMorgan Chase have had modest increases, BofAs stock has decreased by about 7% since the original sale. According to analysts, if Buffetts divestment continues, BofAs shares may face more pressure. CEO Brian Moynihan has commended Buffetts contribution to the banks revival since 2011, even if his latest sales are credited with stabilising BofA. Read More..

B2B Tech News | 3 months ago        

Nissan Motor Invests in ChargeScape to Enhance EV Charging Services in North America

To improve services for its electric vehicle EV drivers in the United States and Canada, Nissan Motor of Japan said on Monday that it will invest an u

To improve services for its electric vehicle EV drivers in the United States and Canada, Nissan Motor of Japan said on Monday that it will invest an undisclosed sum in ChargeScape. This business specialises in battery charging technology. After the transaction, Nissan will become a 25% shareholder in ChargeScape, becoming equal investors with BMW, Ford, and Honda. ChargeScape, which competes with more recent arrivals like BP Pulse and ChargePoint and more established businesses like Tesla, focuses on optimising EV battery charging. With the ability to delay charging during periods of high demand in exchange for cash incentives and eventually sell energy back to the power grid, this investment aligns with Nissans aim to adopt bidirectional charging technology. Read More..

B2B Tech News | 4 months ago        

Italy Explores Enhancements to Digital Services Tax Amid Caution Over U.S. Retaliation

Italys 2025 budget includes measures to increase the tax revenue from digital services. Still, the country is wary of possible US reprisal because man

Italys 2025 budget includes measures to increase the tax revenue from digital services. Still, the country is wary of possible US reprisal because many impacted IT companies have US headquarters. Targeting companies like Meta, Google, and Amazon, the current tax brings in about €400 million $439 million annually. Among these talks is the meeting between Italian Prime Minister Giorgia Meloni and U.S. Commerce Secretary Gina Raimondo. Due to postponed international agreements, the 3% tax that was supposed to be imposed on digital enterprises with considerable local sales has been delayed since its introduction in 2019. While aiming to increase its budget deficit to 3.3% of GDP to finance stimulus measures, Italy also intends to correct tax inefficiencies. Read More..

B2B Tech News | 4 months ago        

Super Micro Computer Reports Shipping Over 100,000 GPUs Per Quarter Amid AI Boom

Super Micro Computer announced that it would sell over 100,000 graphics processors every quarter and introduced new liquid cooling technologies, raisi

Super Micro Computer announced that it would sell over 100,000 graphics processors every quarter and introduced new liquid cooling technologies, raising company shares by 14% following a previous dip. Super Micro, wellknown for its servers fitted with Nvidia chips, has profited from the surge in hardware demand brought on by the generative AI boom. The business installed these GPUs with liquid cooling systems for large AI factories, increasing productivity and reducing energy use. Super Micros shares have increased by 66% this year despite previous difficulties, such as interest from short sellers. Super Micros competitive advantage in the expanding AI industry is reinforced by the inventive cooling techniques noteworthy power savings and increased GPU density. Read More..

B2B Tech News | 4 months ago        



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