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Vodafone Sells Additional 10% Stake in Vantage Towers for €1.3 Billion

Vodafone has completed its divestment strategy and reduced its shareholding to the planned level by selling an additional 10% investment in Vantage To

Vodafone has completed its divestment strategy and reduced its shareholding to the planned level by selling an additional 10% investment in Vantage Towers for €1.3 billion. This transaction is a component of a 2022 deal to reduce debt by selling a portion of its Germanybased masts business to Global Infrastructure Partners GIP and KKR. The most recent transaction brings the total profits from the divestiture of Vantage Towers to €6.6 billion. After the deal, Vodafone currently owns 44.7% of the business, with Oak Holdings, which cocontrols Vantage Towers, holding 89.3% of the total. With the money, Vodafone can reduce its net debt and reach its 2.25x–2.775x leverage objective. Read More..

B2B Tech News | 3 days ago          

Morgan Stanley Predicts Crude Oil Market Tightness to Shift to Surplus in 2025

Although the market for crude oil will likely stay tight for most of the third quarter, Morgan Stanley predicts that it will shift into excess next ye

Although the market for crude oil will likely stay tight for most of the third quarter, Morgan Stanley predicts that it will shift into excess next year, with Brent crude prices falling into the midtohigh $70s area. The bank expects supply to rise more than demand as OPEC and nonOPEC output expands. At a future miniministerial meeting, OPEC+ will likely stick to its present output policy, which includes unravelling output curbs in October. According to Morgan Stanley, Goldman Sachs estimate for Brent crude in Q3 2024 is still $86 a barrel. U.S. West Texas Intermediate was trading at $80.56 a barrel as of Monday, while Brent crude was at $83.08 per barrel. Read More..

B2B Tech News | 3 days ago          

Wipro Shares Plunge 8% After Disappointing June Quarter Results

On Monday, Wipros stock fell at its sharpest rate in more than four years, dropping almost 8% by 1046 a.m. IST due to weak sales projections and unsat

On Monday, Wipros stock fell at its sharpest rate in more than four years, dropping almost 8% by 1046 a.m. IST due to weak sales projections and unsatisfactory June quarter results. Additionally, the Nifty IT index fell by 0.3%. While rivals Tata Consultancy Services, Infosys, and HCLTech revealed encouraging statistics and hinted at a pickup in client expenditure, Wipro saw an 11% decline in deal wins and revenue from the prior year. Concerned about Wipros broadbased sales headwinds, subdued forecast, and lacklustre contract wins, Morgan Stanley and Jefferies analysts predicted the company would continue to perform behind its rivals. Read More..

B2B Tech News | 3 days ago          

Kroger Orders New Automated Technologies from Ocado for U.S. Warehouses

The British online grocery and technology company Ocado said that Kroger, its partner in the United States, has ordered a range of new automated techn

The British online grocery and technology company Ocado said that Kroger, its partner in the United States, has ordered a range of new automated technologies to be installed throughout its network of warehouses. This is good news for Ocado. It comes after a recent setback with Canadian partner Sobeys, which caused Ocados shares to plummet as they postponed the construction of a fourth robotic warehouse. Kroger plans to integrate Ocados most recent innovations, such as Automated Frameload AFL and OnGrid Robotic Pick OGRP, in its current and upcoming customer fulfilment centres CFCs. These labour productivity and efficiencyboosting technologies are anticipated to improve Krogers delivery networks operating performance significantly. Ocado withheld the orders payment information. Read More..

B2B Tech News | 3 days ago          

Fitterfly Partners with Google Cloud to Launch AIPowered Meal Tracking for Diabetics

Leading Indian health tech companies Fitterfly and Google Cloud have teamed to introduce Fitterfly Klik. This AIpowered tool makes meal monitoring eas

Leading Indian health tech companies Fitterfly and Google Cloud have teamed to introduce Fitterfly Klik. This AIpowered tool makes meal monitoring easier for those with diabetes and other noncommunicable conditions. Meal monitoring is made easy and informative with Klik, thanks to Google Clouds Vertex AI and Gemini Flash 1.5. Klik recognises, evaluates, and offers comprehensive nutritional breakdowns for various cuisines using AI computer vision and an extensive nutrition database of over 37,000 Indian items. With the Fitterfly app, users can quickly track their meals by taking pictures and getting immediate feedback on the nutritional value and portion sizes. With the help of this cuttingedge function, meal monitoring will require less work, improving user satisfaction and encouraging better lifestyle choices. Read More..

B2B Tech News | 3 days ago          

Nvidia to Develop Blackwell AI Chips for China, Compliant with U.S. Export Controls

According to reports, Nvidia is creating an AI chip variant that complies with US export regulations specifically for the Chinese market. The B200 is

According to reports, Nvidia is creating an AI chip variant that complies with US export regulations specifically for the Chinese market. The B200 is one of the new "Blackwell" chip family, which was introduced in March and is much quicker than its predecessor. With Inspur, Nvidia intends to launch and distribute this chip, which is rumoured to be called the "B20." To stop China from advancing militarily, the United States increased export restrictions on sophisticated semiconductors, followed by this action. Because of these penalties, Nvidias income from the Chinese market has decreased to 17% from 26% two years ago. Nvidias H20 processor is estimated to sell over a million units this year in China, valued at over $12 billion, despite a poor start to the product. Read More..

B2B Tech News | 3 days ago          

ASD Warns of Malicious Websites Following CrowdStrike Software Update Outage

A failed CrowdStrike software update on Friday triggered a global digital outage. To help with recovery, Australias cyber intelligence agency, the Aus

A failed CrowdStrike software update on Friday triggered a global digital outage. To help with recovery, Australias cyber intelligence agency, the Australian Signals Directorate ASD, warned on Saturday about "malicious websites and unofficial code" being shared online. Official CrowdStrike sources were the only ones from whom the ASD advocated getting technical knowledge and updates. As warned by Cyber Security Minister Clare ONeil, Australians should exercise vigilance regarding possible fraud and phishing efforts. The outage brought flight delays and payment problems, which also impacted Qantas and the Commonwealth Bank of Australia. According to Prime Minister Anthony Albanese, crucial government services, infrastructure, and emergency systems were unaffected. This event has brought considerable attention to CrowdStrike, a wellknown cybersecurity service with nearly 30,000 subscribers worldwide. Read More..

B2B Tech News | 3 days ago          

CrowdStrike Falcon Update Causes Global Computer System Crash Across Multiple Sectors

Banks, airlines, hospitals, and government buildings experienced a worldwide computer system breakdown due to CrowdStrikes latest upgrade to its Falco

Banks, airlines, hospitals, and government buildings experienced a worldwide computer system breakdown due to CrowdStrikes latest upgrade to its Falcon sensor programme. Defective code in the upgrade, meant to improve security, caused significant disruptions on Windows OS computers from Microsoft. For not doing enough quality checks before releasing the update, CrowdStrike came under fire from security experts. The issue was attributed to a configuration or signature file and caused "blue screens of death." Although CrowdStrike has released patches, recovering the data necessitates pulling out the problematic code by hand. Because Fortune 500 corporations and important government organisations like the Cybersecurity and Infrastructure Security Agency heavily utilise CrowdStrike, this event emphasises the value of thorough testing. Read More..

B2B Tech News | 3 days ago          



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