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India’s National Stock Exchange Leads Global IPO Market, Outpaces U.S. Exchanges

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The

To counteract a slowdown in Chinese initial public offerings IPOs, dealmakers expect a spike in fresh share sales in Australia and India in 2025. The National Stock Exchange in Mumbai has surpassed U.S. exchanges to become the busiest IPO market globally, thanks to a 149% increase in IPO value to $18.4 billion over the previous year. Indias strong growth helped it to take 16.8% of the global IPO market. The IPO volume in Australia increased by 294% due to big deals like HMC Capitals A$2 billion Digico REIT listing. The recent performance of new initial public offerings IPOs, especially Digico, has brought attention to modifying pricing expectations. In the meantime, Chinas initial public offering IPO market fell 74%, raising optimism for a rebound in the face of government stimulus plans. Read More..

B2B Tech News | 3 months ago          

Eskom Reports R55 Billion Loss Amid Restructuring, Eyes Profit by 2025

A onetime charge from splitting its transmission unit was the leading cause of South Africas state utility, Eskom, reporting an R55 billion $3 billion

A onetime charge from splitting its transmission unit was the leading cause of South Africas state utility, Eskom, reporting an R55 billion $3 billion loss for the fiscal year that ended in March 2023. Eskom expects to make more than R10 billion in profit for the fiscal year that ends in March 2025 despite these losses. Under the reform plan of President Cyril Ramaphosa, the utility is being reorganised into three divisions distribution, transmission, and generating. Rising municipal arrears, unsustainable debt, underperforming coal power plants, and insufficient tariffs were blamed for the losses. Nonetheless, revenue for the year ended March 2024 increased by 14% to R295.8 billion. Significantly, Eskoms supply stabilised, with no power outages for nine months, boosting company confidence and laying the groundwork for a rebound. Read More..

B2B Tech News | 3 months ago          

YPF and Shell Seal $50 Billion Deal for Argentina’s LNG Project Development

Shell and Argentinas stateowned oil company, YPF, have inked a deal to build the $50 billion Argentina LNG project to export LNG to important internat

Shell and Argentinas stateowned oil company, YPF, have inked a deal to build the $50 billion Argentina LNG project to export LNG to important international markets. The agreement reached in the Netherlands is Shells first phase of the project, which aims to produce 10 million metric tonnes of LNG annually. Shells involvement was praised by YPF President Horacio Marin, who also emphasised the importance of Shells experience in establishing Argentina as a trustworthy energy provider. While Petronas will continue to develop the La Amarga Chica area in Vaca Muerta, a large unconventional gas and oil reserve, the agreement ends Petronas involvement in the project. Onshore LNG facilities will be built in later stages. Read More..

B2B Tech News | 3 months ago          

Nvidia Unveils Jetson Orin Nano The Most Affordable AI Supercomputer at $249

The Jetson Orin Nano Super Generative AI supercomputer costs $249 and is Nvidias most reasonably priced offering to date. With 67 INT8 TOPS and a memo

The Jetson Orin Nano Super Generative AI supercomputer costs $249 and is Nvidias most reasonably priced offering to date. With 67 INT8 TOPS and a memory bandwidth of 102GB/s, it provides a 1.7x increase in generative AI inference performance. A 6core Arm CPU and an NVIDIA Ampere architecture GPU with tensor cores drive it. The device is aimed at students, developers, and hobbyists and is small enough to fit in a hand. AIbased robotics, visual AI agent development, and LLM chatbot generation are among the activities that users can implement. Its improved capabilities and price meet the demands of GenAI, increasing accessibility for a wide range of applications. Read More..

B2B Tech News | 3 months ago          

Hackers Exploit Microsoft Teams, AnyDesk to Spread Dangerous DarkGate Malware

Cybercriminals are using AnyDesk and Microsoft Teams to spread the harmful DarkGate ransomware. Trend Micro claims that attackers initially use Micros

Cybercriminals are using AnyDesk and Microsoft Teams to spread the harmful DarkGate ransomware. Trend Micro claims that attackers initially use Microsoft Teams to pose as outside vendors and send spam emails. They enable malware transmission by tricking victims into installing a phoney AnyDesk or "Microsoft Remote Support" program. As a backdoor, DarkGate enables attackers to install payloads, run commands, and exfiltrate private information. It is both an infostealer and a dropper because of its modular design, which improves functionality. Although this attempt was stopped, experts advise companies to adopt VPNs, multifactor authentication, phishing awareness training, and hardware and software updates to reduce such risks. Read More..

B2B Tech News | 3 months ago          

McDonald’s India API Flaw Exposed Customer and Driver Data in South and West Divisions

A serious security vulnerability in McDonalds Indias delivery systems APIs affected its West and South divisions, exposing private driver and customer

A serious security vulnerability in McDonalds Indias delivery systems APIs affected its West and South divisions, exposing private driver and customer information. Unauthorised access to order details, tracking, invoicing, and personal information, such as names, phone numbers, addresses, and delivery personnel data, was made possible by defects found by security researcher Eaton Zveare in July and resolved by late September. Hackers might use the system to place orders for small quantities. According to McDonalds India, a comprehensive analysis verified no security lapses or illegal data access. But hundreds of millions of orders might have been exposed, the researcher said. Read More..

B2B Tech News | 3 months ago          

Intel Resolves Arrow Lake Core Ultra 200S CPU Performance Issues with Firmware Fixes

Intel has fixed the performance problems with its Octoberreleased Arrow Lake Core Ultra 200S CPUs, which fell short of benchmark performance standards

Intel has fixed the performance problems with its Octoberreleased Arrow Lake Core Ultra 200S CPUs, which fell short of benchmark performance standards. The company found five underlying reasons and released firmware and software updates to address four. KB5044384, a Windows 11 update, contains a functional Application Performance Optimiser APO and a Performance & Power Management PPM package. While new BIOS updates for Intel Z890 motherboards fixed incorrectly configured performance settings, Epic Games fixed a BSOD issue with an upgraded Easy AntiCheat driver. By January 2025, the fifth fix—which involves firmware optimizations—should be available. At CES 2025, Intel will present comprehensive performance insights and guarantee "complete and intended functionality" for its CPUs. Read More..

B2B Tech News | 3 months ago          

Micromax and Phison Unite to Launch MiPhi, Revolutionizing AI Storage Solutions

To offer embedded storage solutions emphasising AI applications for industries such as mobile, IoT, automotive, and data centres, Micromax Informatics

To offer embedded storage solutions emphasising AI applications for industries such as mobile, IoT, automotive, and data centres, Micromax Informatics and Phison have formed a joint venture called MiPhi. In India and a few other international regions, MiPhi will produce customdesigned NAND storage with low energy consumption and cost per token, aiming to reduce GPU costs and advance AI. A panIndia sales network will assist manufacturing and spread among Bhiwadi, Hyderabad, Noida, and Telangana facilities. Phison provides technological knowhow and accounts for 80% of operational costs. Micromax uses its production and sales skills. The company wants to upend the AI and enterprise storage markets by providing highperformance, reasonably priced storage solutions. Read More..

B2B Tech News | 3 months ago          



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