Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Zomato reduces its losses as food orders increase

Zomato reduced its reconciliation costs compared to last quarter due to an increase in food orders and an increase in returning customers. The company

Zomato reduced its reconciliation costs compared to last quarter due to an increase in food orders and an increase in returning customers. The company trimmed its adjusted EBITDA from $27.9 million in Q1 2023 to Rs 1.5 billion $19 million in Q1 2023. the previous quarter. The firms adjusted revenue for the quarter stood at US$229.3 million, up from US$146.9 million a year ago, driven by strong growth in its food delivery business. Zomato is set to acquire quick commerce firm Blinkit for US$570 million in an allstock deal, with the transaction expected to close in August. Read More..

B2B Tech News | 2 years ago        

Australian AI Star Appen Reports FirstHalf Loss, Stock Drops

Australias Appen Ltd warned of its first halfyear loss since listing in 2015, sending shares down 29%. The company runs artificial intelligence traini

Australias Appen Ltd warned of its first halfyear loss since listing in 2015, sending shares down 29%. The company runs artificial intelligence training for Facebook, Google, and Amazon. New privacy features in Apple products have reduced the ability of big advertisers including Facebook, to target users. Shares in Canadas Appen fell as much as 29% after the artificial intelligence firm warned of a lowerthanexpected sixmonth profit. The company said it now expects a net loss of $3.8 million in the six months ended June. Visibility of earnings has historically been low and in this environment of weakening global ad spend, it seems likely that visibility has taken a step down, analysts at Jefferies said. Read More..

B2B Tech News | 2 years ago        

Oui Capital, a panAfrican early stage venture capital firm, closes its first second round of funding of $30 million

Oui Capital, a VC firm with importance in Africa with offices in Massachusetts and Lagos, announced today that the first closing of its $30 million se

Oui Capital, a VC firm with importance in Africa with offices in Massachusetts and Lagos, announced today that the first closing of its $30 million second fund had been completed. Eight investments were made by Oui Capital in the previous year, and the company intends to maintain that pace with the launch of this second fund. The company has already completed its first close, which was a little over $11 million, and anticipates finishing the last close by Q4 2022. One of Africas biggest fintech companies is TeamApt in revenue and market cap. When Oui Capital purchased TeamApt Read More..

B2B Tech News | 2 years ago        

Despite disappointing financial results, Pinterest increases its user base and Elliott investment

Pinterest shares jumped on betterthanexpected user numbers, but the company gave weak guidance for the third quarter. In line with trends in the socia

Pinterest shares jumped on betterthanexpected user numbers, but the company gave weak guidance for the third quarter. In line with trends in the social media market, the companys financial situation was grim. Facebook, Twitter, and Snap all reported secondquarter earnings that missed on the top and bottom lines.Pinterest missed analysts sales estimates for the second quarter, and said economic challenges are leading marketers to reel in spending. The company said demand from U.S. stores and midmarket advertisers who have cut back on ad spending was lower than expected. Elliott confirmed it is the companys largest shareholder and said it was pleased with CEO Bill Readys achievements. Read More..

B2B Tech News | 2 years ago        

After a gas supply disruption, Germany restarts its coalfired power plants

The facility in Lower Saxony has received emergency permission to run until April. It is the first of its kind to be put back onto the network, as deb

The facility in Lower Saxony has received emergency permission to run until April. It is the first of its kind to be put back onto the network, as debate rages over how Europes largest economy will cope without Russian gas. Germany is heavily reliant on Russian gas, and supplies through its largest pipeline are currently at about 20% of expected levels. German Chancellor Angela Merkels energy minister, Barbara Lang, has dismissed as nothing more than nothing more than starting up the nuclear power industry on her watch. Restrictions have been put on the heating of public buildings including swimming pools as well as town halls. The three nuclear plants that remain running supply the equivalent of about 6% of Germanys electricity needs. Read More..

B2B Tech News | 2 years ago        

ITC, Zomato and other stocks are in the news today

The market appears to be in a strong position as the benchmark indices extended their strong gains for the third consecutive session.. The BSE Sensex

The market appears to be in a strong position as the benchmark indices extended their strong gains for the third consecutive session.. The BSE Sensex rallied 712 points or 1.25% to 57,570, while the Nifty50 climbed 229 points. Bank of Baroda reported 79.4% yearonyear growth in standalone profit at Rs 2,168 crore for the quarter ended June 2022. Net interest income grew by 26% to Rs 2,751.1 crore YoY during the quarter.Lumify is an overthecounter eye drop used to relieve redness caused by minor eye irritation.. Rain Industries recorded a 184% yearonyear increase in consolidated profit at Rs 668.50 crore for the quarter ended June 2022. Read More..

B2B Tech News | 2 years ago        

Tower Crane Market Growing Demand for Tall Buildings for Market Growth and Segmentation

Tower Crane Market by End User Infrastructure, Residential and Commercial and Geography Asia Pacific, North America, Europe, Middle East, Africa and S

Tower Crane Market by End User Infrastructure, Residential and Commercial and Geography Asia Pacific, North America, Europe, Middle East, Africa and South America 20222026 Forecast and Analysis Report is included in Technavios offering. The potential growth of the tower crane market between 2021 and 2026 is USD 1.06 billion. APAC will account for 45% of market growth. The two largest markets for tower cranes in Asia Pacific are China and Japan. Governments and companies will increase spending on infrastructure projects during the forecast period. To learn more about the contributions of all sectors and regional opportunities, download a sample report. Read More..

B2B Tech News | 2 years ago        

The growth of the smart hospital market will increase significantly from 2022 to 2030

The smart hospital market is expected to grow at a steady rate over the forecast period. The presence of key players in the ecosystem has resulted in

The smart hospital market is expected to grow at a steady rate over the forecast period. The presence of key players in the ecosystem has resulted in a competitive and diversified market. The report covers revenue, sales volume, price, historical growth as well as future prospects. It also provides comprehensive market forecast from 2022 to 2030 by region/country and subsectors. The global smart hospitals market is segmented into North America, Europe, Asia Pacific and Rest of the World RoW. North America is expected to hold a large share as investment in the R&D process and deployment of solutions in the region increases. The growing number of Smart Hospitals market players in various regions is driving the growth of the market further. Many market players find profitable opportunities in emerging economies such as China and India, where large populations are accompanied by innovations in numerous sectors. Read More..

B2B Tech News | 2 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8664   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7174   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7527   

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.
   7632   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8801   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.