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Dr. Reddys Labs drops 5% despite 1257% sequential 1Q profit growth

Shares of Doctor Reddys Laboratories fell nearly 5% in trading on Friday after the pharmaceutical company reported a strong rise in quarterly earnings

Shares of Doctor Reddys Laboratories fell nearly 5% in trading on Friday after the pharmaceutical company reported a strong rise in quarterly earnings. Quarterly earnings fell short of market expectations due to higher commodity prices, negative exchange rates, and lower prices. On BSE, 0.32 lakh shares traded for 0.26 lakh shares with a twoweek average volume. During the reporting quarter, the company recognized further income of £563.8 million from agreements with Indivior lnc., Indivior UK Limited, and Aquestive Therapeutics. Read More..

B2B Tech News | 3 years ago        

Spains Amadeus net profit rises in Q2 as tourism recovery accelerates

Spanish travel booking group Amadeus reported a net profit of 237 million euros in the second quarter as the travel industrys recovery from the corona

Spanish travel booking group Amadeus reported a net profit of 237 million euros in the second quarter as the travel industrys recovery from the coronavirus accelerated. The company, which operates the worlds largest travel booking system, said its total sales in the second quarter of 2021 almost doubled to 1.18 billion euros, a step closer to a prepandemic. Amadeus CEO Luis Maroto said in a statement Industry recovery and market share growth have improved our travel agency booking performance, accelerating our growth across all regions, . International tourism recovered in 2022, despite high inflation caused by the war in Ukraine after the industrial recovery was temporarily halted by the Omicron COVID outbreak in late 2021. Read More..

B2B Tech News | 3 years ago        

Airtels African business reported a net profit of $178 million in the first quarter of FY23, up 25 percent from last year.

Airtels Africa business reported a net income of $178 million in the first quarter of fiscal 2023, up 25 percent yearonyear but down 26 percent due to

Airtels Africa business reported a net income of $178 million in the first quarter of fiscal 2023, up 25 percent yearonyear but down 26 percent due to increased costs. Nigeria has a national identification number. Airtels Africa business reported a net income of $178 million in the first quarter of 2023. Sales for the fiscal quarter ending June 2022 were up 13% year on year and 2.8% quarter on quarter. The average revenue per user ARPU was $2.9 in the second quarter, up 0.6% and 4.4% over a year. Read More..

B2B Tech News | 3 years ago        

Meta no longer subsidizes its US news publishers

According to Axios, the news is not a priority because the company is making significant changes to the Facebook experience. Campbell Brown, Metas vic

According to Axios, the news is not a priority because the company is making significant changes to the Facebook experience. Campbell Brown, Metas vice president of media partnerships, told employees that the company is shifting resources away from news products to support creative initiatives. The company signed a threeyear contract worth $105 million with a US publisher in 2019. Campbell Brown, Metas vice president of media partnerships, citing sources, told employees that Meta is moving resources away from news products to support creative initiatives. Read More..

B2B Tech News | 3 years ago        

Glencore sells the Australian Yancoll package for 293 million dollars

Glencore has sold its 6.4% stake in Yancoal Australia in a block trade, valued at A$422m $293m, two sources familiar with the development told Reuters

Glencore has sold its 6.4% stake in Yancoal Australia in a block trade, valued at A$422m $293m, two sources familiar with the development told Reuters. The transaction comes almost a month after Chinese firm Yankuang Energys takeover offer for Yancoal was rejected by the shareholders of the latter and Glencore. The Swiss mining giant maintained that it would consider selling its stake at the right price. In a separate announcement, Glencore agreed on a coal supply deal with Japans Nippon Steel, at one of the highest prices ever paid. Read More..

B2B Tech News | 3 years ago        

Technologists require effective policies to maximize NFT and Metaverse opportunities

The experts spoke at the NigeriaBritish Chamber of Commerce NBCC technology event. Metaverse is a simulated digital environment that uses virtual real

The experts spoke at the NigeriaBritish Chamber of Commerce NBCC technology event. Metaverse is a simulated digital environment that uses virtual reality VR, augmented reality AR, and social media concepts to mimic the real world to create a virtual presence. There is a concern about money laundering because money moves in a distributed manner without the influence of governments or central banks. Digital artists and NFT creators should consider legal issues such as trademarks, copyrights, contracts, and licenses to avoid infringement or other penalties Read More..

B2B Tech News | 3 years ago        

Vodafone Business UC with Ring Central is now available in Germany

Vodafone Business UC with RingCentral is a powerful communication platform for the German market. This solution gives companies more choice, flexibili

Vodafone Business UC with RingCentral is a powerful communication platform for the German market. This solution gives companies more choice, flexibility, and simplicity in how their employees communicate and collaborate. Vodafone Business UC with RingCentral allows businesses the capacity to move from infrastructure to the cloud. This highly secure solution includes call recording, HD video conferencing, and many other new features. End users will benefit from a wide range of unique and differentiated features, including advanced AIpowered dating insights Read More..

B2B Tech News | 3 years ago        

In Saudi Arabia, Boeing anticipates growth of $14.9 billion over the following five years.

Boeing sees $14.9 billion in opportunity for growth in Saudi Arabias military business over the five years. The company has been partnering with the K

Boeing sees $14.9 billion in opportunity for growth in Saudi Arabias military business over the five years. The company has been partnering with the Kingdom for more than 70 years and has over 2,200 people employed by various Boeing entities. We are committed to making the Kingdoms Vision 2030 a success, Rick Lemaster, vice president of Middle East, North Africa, and Turkey said. Boeings Middle East market outlook for defense and government services is $33.5 billion for the next five years with 98 campaigns. The company held ongoing discussions with defense officials from the Gulf and Middle East regions on the sidelines of the event. Boeing was also privileged to be part of the Kingdoms World Defense Show, which was held in March. Read More..

B2B Tech News | 3 years ago        



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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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