Header-template

Asia

Pakistans Caretaker Government Targets 10 State Entities for Revival

As part of its commitment to reforms under the International Monetary Fund IMF bailout, Pakistans caretaker government has designated ten enterprises

As part of its commitment to reforms under the International Monetary Fund IMF bailout, Pakistans caretaker government has designated ten enterprises for privatisation or turnaround attempts. It is taking steps to enhance governance in stateowned businesses. These stateowned enterprises SOEs have been suffering severe losses, which by 2020 would total about 500 billion rupees $1.74 billion. The government intends to install independent directors for SOEs through a nomination procedure to prevent ministries from giving them orders for better governance. The privatisation minister did, however, remark that only one bidder remains for Pakistan Steel Mills, citing factors like the need for steel worldwide. Pakistan is likewise looking towards outsourcing stateowned asset operations. Read More..

B2B Tech News | 2 days ago         

Japanese Consortium Led by JIP Secures Majority Stake in Toshiba

A consortium led by Japan Industrial Partners JIP, a private equity firm, has acquired 78.65% of Toshiba through a tender offer, inching closer to the

A consortium led by Japan Industrial Partners JIP, a private equity firm, has acquired 78.65% of Toshiba through a tender offer, inching closer to the completion of a $14 billion deal to privatize the company. With this majority ownership, JIP can push out remaining shareholders, paving the way for Toshibas delisting, expected as early as December, marking the end of its 74year history as a publicly traded firm. The deal signifies a shift of Toshiba into domestic hands, following years of clashes with overseas activist shareholders. JIPs consortium includes around 20 Japanese firms, such as Orix and Rohm. Read More..

B2B Tech News | 2 days ago         

NVIDIAs Growing Commitment to India Strikes Partnership with Infosys

NVIDIA has expanded its partnerships in India, teaming up with Infosys, an IT services company. This collaboration aims to enhance generative AI appli

NVIDIA has expanded its partnerships in India, teaming up with Infosys, an IT services company. This collaboration aims to enhance generative AI applications. NVIDIA will integrate its AI Enterprise ecosystem, comprising models, tools, runtimes, and GPU systems, into Infosys advanced AIdriven suite called Topaz. This integration will make it easier for Infosys customers to adopt generative AI in their operations. Infosys and NVIDIA are also working together on AI solutions for important sectors like 5G, cybersecurity, and clean energy transition, marking a significant tech industry development. Read More..

B2B Tech News | 3 days ago         

Elevating Business Insights Lenovos Latest Edge AI Solutions

Lenovo, a global technology leader, has unveiled pioneering edge AI solutions, marking a significant development. These innovative offerings are desig

Lenovo, a global technology leader, has unveiled pioneering edge AI solutions, marking a significant development. These innovative offerings are designed to empower businesses of all sizes in their transformation journey by harnessing AI insights. They can be applied swiftly across various global scenarios, from retail and manufacturing to healthcare, kitchens, and service desks. Lenovos commitment to innovation goes further with the introduction of the ThinkEdge SE455 V3, a cuttingedge edge server set to make a market impact. It offers unmatched power and efficiency, catering to demanding remote AI workloads. Lenovos latest advancements promise to reshape industries and drive digital transformation. Read More..

B2B Tech News | 3 days ago         

DealShare to Close B2B Division 130 Employees to be laid off

Tiger Globalbacked ecommerce platform DealShare is winding down its underperforming businesstobusiness B2B unit in the next few months. This decision

Tiger Globalbacked ecommerce platform DealShare is winding down its underperforming businesstobusiness B2B unit in the next few months. This decision has led to a series of layoffs, following earlier reports of the company consolidating operations, including moving its headquarters from Bengaluru to Delhi NCR. This move is expected to result in additional job cuts. DealShare had already reduced its workforce by 100 employees during a January business rationalization. In a recent companywide meeting, DealShare announced it would lay off 120130 employees, equivalent to just over 10 percent of its workforce, which previously consisted of 1,100 employees. Read More..

B2B Tech News | 3 days ago         

Toshiba after a 74year presence poised to exit the stock market

After 74 years on the stock market, iconic Japanese company Toshiba is going private. A consortium led by Japan Industrial Partners JIP now holds a co

After 74 years on the stock market, iconic Japanese company Toshiba is going private. A consortium led by Japan Industrial Partners JIP now holds a controlling 78.65% stake, surpassing the twothirds threshold needed for a $14 billion buyout. Toshiba, founded in 1875 as a telegraph equipment manufacturer, is set to cease public trading by yearend. CEO Taro Shimada views this change as a significant move toward a new future. The company, renowned for its diverse divisions, from consumer electronics to nuclear power, once symbolized Japans postWorld War II recovery and technological innovation, even pioneering one of the first widely available laptops in 1985. Read More..

B2B Tech News | 3 days ago         

India builds its own solar modules Chinese imports drop down by 76%

After 2022, Indias reliance on China for solar module imports will be significantly reduced, with domestic production already beginning to ramp up a

After 2022, Indias reliance on China for solar module imports will be significantly reduced, with domestic production already beginning to ramp up as a result of recent governmental measures. Domestic solar module manufacturing capacity in India has increased, along with the quantity of Chinese cells combined locally into solar panels, with India being the 2nd largest market for exported solar power cells after Turkey. In the first half of 2023, India becomes the only nation in the globe to reduce its reliance on solar equipment imports from China, which generates around eight out of every ten solar panels sold worldwide. Read More..

B2B Tech News | 3 days ago         

TCI Express Aims for Impressive FY24 Growth in B2B Trucking

To preserve its leading position, TCI Express is steadfastly focusing on the B2B express trucking market. It plans to achieve outstanding revenue and

To preserve its leading position, TCI Express is steadfastly focusing on the B2B express trucking market. It plans to achieve outstanding revenue and EBITDA growth in FY24. TCI Expresss MD, Chander Agarwal, reaffirmed the business dedication to the B2B market while warning against making substantial expenditures in ecommerce. TCI Express plans to avoid the cutthroat ecommerce sector while reiterating its commitment to its core business. In FY24, the business targets a substantial 15–16% sales increase and a 25–28% EBITDA growth. TCI Express also emphasises its dedication to continued capital spending, increasing capabilities and infrastructure to fulfil client expectations successfully. Read More..

B2B Tech News | 3 days 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.
   1142   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   1042   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   1330   

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.
   1522   

5.  Approximately 8 billion gadgets connect on the internet every day.
   2514   



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.

12 votes, Poll active
Footer-template