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Swiggy is in talks to purchase Metro AGs India operations in order to accelerate the companys rapid growth.

The food and grocery delivery platform Swiggy has emerged as one of the potential options for German wholesale retailer Metro AGs India business. Acc

The food and grocery delivery platform Swiggy has emerged as one of the potential options for German wholesale retailer Metro AGs India business. According to the reports the other two potential contenders are Thailand’s CP Group and Reliance Retail. Swiggy has indicated its interest in the acquisition, and a potential deal will enable Metro Cash & Carrys wholesale stores to feed Swiggy’s Instamart delivery model. The basic idea behind this is to create a hub and spoke model where stores will supply to Instamart stores. Such a move will aimed toward taking ahead Swiggy’s ambition of venturing a e-commerce and expanding its business. Read More..

B2B Tech News | 2 years ago        

AGL gives way in front of Mike Cannon-Brookes – What will happen to the other shareholders?

Billionaire microphone Cannon-Brookes has won a significant battle against Australias biggest energy company, AGL Energy, thwarting its conceive to se

Billionaire microphone Cannon-Brookes has won a significant battle against Australias biggest energy company, AGL Energy, thwarting its conceive to separate the companys coal-heavy generation and power distribution assets. AGLs board proclaimed it had been merchandising its emerged proposal yesterday. HESTA holds simply zero.36% of AGL shares, however it's siding with Cannon-Brookes was a symptom AGLs board was losing the war of words over what was best for shareholders. AGLs board confirmed that yesterday once it withdrew the demerger proposal. The boards proposal to separate (or d emerge) AGL into 2 entities was to extend returns to shareholders. Read More..

B2B Tech News | 2 years ago        

According to the World Bank, Lebanon requires meaningful changes to prevent economic collapse.

Lebanon can need to adopt a reputable, comprehensive and just macro-financial stabilization program if it needs to avoid the entire destruction of the

Lebanon can need to adopt a reputable, comprehensive and just macro-financial stabilization program if it needs to avoid the entire destruction of the countrys social and economic networks. Lebanons economy folded once it defaulted on concerning $31 billion of Euro bonds in March 2020. Inflation within the country has continuing to surge and reached 206 per cent in Apr. Real GDP is predicted to contract by six.5 p.c in 2022 if no policy changes square measure enforced. The globe Bank urged Lebanese Republic to adopt a replacement financial policy framework that might insert confidence and stability within the charge per unit. The four-party investor additionally concerned a comprehensive restructuring of the money sector. Read More..

B2B Tech News | 2 years ago        

INCREASE IN SHARE PRICES OF EUROPE DUE TO CHINA

European shares hit their highest level in nearly a month, boosted by Chinas easing of COVID-19 restrictions and also the addition of latest input. Lo

European shares hit their highest level in nearly a month, boosted by Chinas easing of COVID-19 restrictions and also the addition of latest input. Loius-Vuitton owner LVMH, Hermes, liqueur Ricard, and Burberry rose between zero.6% and 4.4%. European stocks enjoyed their best week since period of time as upbeat U.S. shopper sentiment information and signs of peaking inflation calmed market participants. This week, information is predicted to indicate monetary unit zone inflation rose afar from last months record high, pile pressure on the ecu financial institution. Sanofi fell once the U.S. Food and Drug Administration place a trial of its Cialis disfunction drug on hold. Read More..

B2B Tech News | 2 years ago        

Brent rises beyond $124 as the European Union prepares to ban 90% of Russias oil by the end of the year.

EU leaders two-handed Hungary concessions to agree Associate in Nursing oil embargo on Russia over its invasion of state, protection a deal within the

EU leaders two-handed Hungary concessions to agree Associate in Nursing oil embargo on Russia over its invasion of state, protection a deal within the early hours of Tuesday that aims to chop ninetieth of Russias crude imports into the alliance by the tip of the year. 2 thirds of the Russian oil foreign by the EU comes via tanker and one third via the Druzhba pipeline. The ban on mobile imports of Russian oil are going to be obligatory with a phase-in amount of six months for fossil oil and eight months for refined product, the EU Commission same. European nation and Deutschland have pledged to prevent their own imports of Russian oil via pipeline. That may embody mobile deliveries still as European nation and Deutschland stopping their own imports of Russian oil via pipeline by then, that they need pledged to try to. Read More..

B2B Tech News | 2 years ago        

SG crypto firm will use its funds to grow its team to 15 people

Investors such as IA Capital Partners, Eberg Capital, and Nemo Ventures, along with founders and operator angel investors from throughout decentralize

Investors such as IA Capital Partners, Eberg Capital, and Nemo Ventures, along with founders and operator angel investors from throughout decentralized and conventional finance, additionally took part. The agency will use its budget to develop its group to fifteen human beings through the end of the year and increase the platform to release an early-entry program. Founded in 2021, Cloudwall Capital is constructing a brand new product, Serenity, a good way to offer institutional buyers with the threat control insights to correctly construct portfolios and manipulate dangers inherent in virtual assets. The platform lets buyers pool their portfolios and get access to ancient facts from a number of sources, which include centralized exchanges and blockchains, to investigate and make investments within the virtual asset market. Read More..

B2B Tech News | 2 years ago        

By 2030, a change to digital IDs might boost the Nigerian economy by 7% in terms of real GDP.

A change to digital IDs might boost the Nigerian economy by 7% in terms of real GDP by 2030. This was one of the conclusions of a new analysis on Nige

A change to digital IDs might boost the Nigerian economy by 7% in terms of real GDP by 2030. This was one of the conclusions of a new analysis on Nigerias digital identification and eKYC businesses, titled The State of the Industry in Nigeria for Digital ID. The digital economy (information technology sector) generated around 18 percent of GDP in the second quarter of 2021, according to the report. Digital identification has the potential to generate greater social and financial inclusion around the world, said Robin Miller, Partner and Global Digital & Data Practice Lead at Dalberg Advisors. This is especially true in nations like Nigeria, which are quickly digitising and innovating. Read More..

B2B Tech News | 2 years ago        

M-KOPA providing financing to two million customers.

M-KOPA, a fintech platform that connects underbanked customers to connected financing and digital financial services in four African regions, has rais

M-KOPA, a fintech platform that connects underbanked customers to connected financing and digital financial services in four African regions, has raised $75 million in a growth equity round. Total M-total KOPAs equity financing has already reached $190 million. According to todays report, M-KOPA is also giving loans to two million users. M-KOPA has accessed over $600 million in financing and provided access to a varied collection of products, including smartphones, solar lighting, solar-powered appliances, and digital financial services such as cash loans and health insurance, to over 2 million customers. M-KOPA has accessed over $600 million in financing and provided access to a varied collection of products, including smartphones, solar lighting, solar-powered appliances, and digital financial services such as cash loans and health insurance, to over 2 million customers. In 2021, M-KOPA had a nearly 2.5X increase in new subscribers, and by the end of 2022, the company expects to hav 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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