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The new 10% telephone tax comes into force on Friday

The Cellphone imports are subject to a 10% excise duty under the Finance Act 2022. Each SIM card that is imported and ready to use is subject to addit

The Cellphone imports are subject to a 10% excise duty under the Finance Act 2022. Each SIM card that is imported and ready to use is subject to additional Sh50 excise duty. According to tax experts, the new taxes are intended to generate new revenue rather than safeguard a dormant local industry. Mobile phone and SIM card excise duty add yet another tax to the users already burdensome tax burden. According to Safar Hira of Safaricom, the duty will probably increase the cost of devices by more than 10%. Read More..

B2B Tech News | 2 years ago        

Siemens and Nvidia Collaborate Together to Increase Digital Services

Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an enhanced virtual reality for companies. The deal is a cornersto

Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an enhanced virtual reality for companies. The deal is a cornerstone of Siemens Xcelerator, a new open digital platform also launched by the German technology and engineering company on Wednesday. Siemens bought Brightly Software for $1.58 billion on Monday. Services will be offered through Siemenss software as a service SaaS subscription model to make it more affordable for small and mediumsized companies. Read More..

B2B Tech News | 2 years ago        

JP Pharma buys four brands in Dr. Reddys lab

Dr. Reddys Laboratories and JB Pharma have a contract in place for JB Pharma to purchase four of Dr. Reddys Laboratories brands for the Indian market

Dr. Reddys Laboratories and JB Pharma have a contract in place for JB Pharma to purchase four of Dr. Reddys Laboratories brands for the Indian market Z&D, Pedicloryl, Pecef, and Ezinapi. Internal projections place the combined sales of these brands for FY 2021–22 at around Rs 33 crore. One of the pharmaceutical companies in India with the fastest growth is J.B. Chemicals & Pharmaceuticals. Its other two home markets, in addition to its substantial presence in India, which generates the majority of its revenue, are Russia and South Africa. According to IQVIA data, all four brands are targeted at the pediatric market in the nation, which has a total covered market size of Rs 1800 crore. Read More..

B2B Tech News | 2 years ago        

The Commonwealth Bank announces a massive increase in one of its interest rates

Commonwealth Banks fixedrate hike of 1.40 percentage points comes into force on Thursday. The bank is responding to the rising costs of fixedincome fi

Commonwealth Banks fixedrate hike of 1.40 percentage points comes into force on Thursday. The bank is responding to the rising costs of fixedincome financing. CBAs lowest fixed rate is just under 5 percent, while the majority are well over 6 percent. CBA has cut its lowest variable home loan rate by 0.15 percentage points, down to 2.79 percent. The revised rate is only for new customers with a 30 percent deposit. Rates come less than a fortnight after CBA hiked rates for both new and existing variable loans. Read More..

B2B Tech News | 2 years ago        

German startup Cynora, which specialises in flexible and transparent displays, has been acquired by Samsung

Samsung Display, the flagship division of South Korean technology company Samsung, has bought German company Sinora, which specializes in OLED technol

Samsung Display, the flagship division of South Korean technology company Samsung, has bought German company Sinora, which specializes in OLED technology. Cinara focuses on folding screens that are flexible and transparent to other display technologies. Samsung is assumed to launch its new series of shellfish in August, and there are speculations that Apple will enter the shellfish market in the coming years. ETNews quotes 9to5Google as saying that if the changes are made, Samsung will price the shell at around $ 800. Read More..

B2B Tech News | 2 years ago        

With competing offers from Frontier and JetBlue, the battle for Spirit Airlines is getting close

Spirit Airlines shareholders were scheduled to vote on Thursday on a proposed tieup with fellow discount carrier Frontier. But with hours to go, Spiri

Spirit Airlines shareholders were scheduled to vote on Thursday on a proposed tieup with fellow discount carrier Frontier. But with hours to go, Spirit delayed the vote until July 8, extending the most heated battle for a U.S. airline in years. If Spirit shareholders vote against the deal, it opens the door for a takeover by JetBlue Airways. JetBlue has raised the amount it would pay up in advance to $2.50 a share, from $1.50 earlier. It also added a 10centashare monthly payment to shareholders starting next year until the deal is consummated or terminated. JetBlues latest offer comes after Frontiers late Friday raised the cash portion of its offer by $2 per share to $4.13. Read More..

B2B Tech News | 2 years ago        

RH shares decline after the business lowers its annual guidance

RH shares fell nearly 8% in afterhours trading following the release. The company now sees annual sales down between 2% and 5%, compared with prior ex

RH shares fell nearly 8% in afterhours trading following the release. The company now sees annual sales down between 2% and 5%, compared with prior expectations that saw sales flat to up 2%. It still anticipates revenue in its fiscal second quarter to be down between 1% and 3% from prioryear levels. RH, the homegoods retailer, saw sales fall 18% in the first quarter. CEO Gary Friedman expects demand to continue to slow throughout the year. The company also said it has not repurchased any stock since announcing an expansion of its share repurchase plan. Read More..

B2B Tech News | 2 years ago        

Siemens is investing in Volkswagen Electric in the United States

This was announced on Tuesday by the first foreign investor of the Siemens Electrify USA project. The network raised a total of $ 450 million, includi

This was announced on Tuesday by the first foreign investor of the Siemens Electrify USA project. The network raised a total of $ 450 million, including an increase in Volkswagens investment.. Volkswagen originally committed to $2 billion through 2026 for a network of charging stations. Plans are to more than double that to 1,800 sites and 10,000 ultrafast chargers by 2026. 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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