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Tata is in talks to buy Wistrons factory in India for up to $613m

The Economic Times business newspaper said Wednesday that Tata Group is in talks to buy Wistron Corps 3231.TW sole manufacturing site in India for up

The Economic Times business newspaper said Wednesday that Tata Group is in talks to buy Wistron Corps 3231.TW sole manufacturing site in India for up to 50 billion rupees $612.6 million, citing people familiar with the discussions. If a bid to buy the facility in the southern Indian state of Karnataka fails, Tata may consider a joint venture with Taiwans Wistron, one of Apple Incs AAPL.O top sellers in India, according to the newspaper, which cited sources close to Tata. According to the article, Tata Electronics, a unit of the salttosoftware conglomerate Tata Group, already sells components to Apple from its Hosur factory in Tamil Nadu, which borders Karnataka. Read More..

B2B Tech News | 2 years ago          

South Africa is turning to solar energy to help end power outages

The South African government is attempting to increase the nations production of solar power. Only 11% of South Africas electricity is now generated f

The South African government is attempting to increase the nations production of solar power. Only 11% of South Africas electricity is now generated from renewable sources, principally wind. In a nation that receives eight to ten hours of sunlight on average each day, solar energy accounts for just 0.9% of all energy used thus far. Art Solar, a company situated in Durban, began operations 12 years ago by manufacturing solar panels under a Bosch licence. Together with a fellow German business, Talesun, it currently produces panels for the South African and global markets. According to general manager Viren Gosai, the governments promotion of solar energy has given the business the confidence to launch a new facility. Read More..

B2B Tech News | 2 years ago          

Collins Foods Suspends Taco Bell Launch Amid $16.9M Impairment Crisis

For the half year that ended in midOctober, Collins Foods recorded a net profit after tax NPAT of $11 million, a decline of 58% from the prior year. O

For the half year that ended in midOctober, Collins Foods recorded a net profit after tax NPAT of $11 million, a decline of 58% from the prior year. Over the previous two financial years, four of the companys 24 Taco Bell stores had already seen an impairment. Eight out of the 11 stores that displayed symptoms of impairment were impaired, with the charge consisting of $7.4 million in property, plant, and equipment and $9 million in rightofuse assets. The problem overshadowed Taco Bells 42.6 percent increase in headline revenue, which was a good result. Apart from the five to six restaurants it has already committed to, the group has put a halt to future restaurant construction as it works with Yum! to boost sales. Read More..

B2B Tech News | 2 years ago          

Seedstars is launching a new platform to support emerging and diverse VC managers

With the introduction of Seedstars Capital, an initiative to support the upcoming generation of fund managers, particularly in developing countries, w

With the introduction of Seedstars Capital, an initiative to support the upcoming generation of fund managers, particularly in developing countries, was undertaken by Seedstars. In the next ten years, Seedstars anticipates investing more than $500 million in developing and diverse management, resulting in the creation of 10,000 new employment and an increase in GDP of more than $20 billion in emerging economies. Over $500 million in additional investment is anticipated by Seedstars to go toward the training and assistance of these new managers. In the next ten years, it predicts that more than 10,000 new employment will be generated, contributing to an increase in GDP of more than $20 billion throughout emerging countries. The platform has already introduced its first fund, Seedstars International Ventures, an industryneutral fund supporting preseed and seedstage businesses. Read More..

B2B Tech News | 2 years ago          

J&T Express appoints Lionel Messi as first global ambassador

In an effort to boost the brand through partnerships with regional network partners, Indonesiabased logistics company J&T Express has appointed footba

In an effort to boost the brand through partnerships with regional network partners, Indonesiabased logistics company J&T Express has appointed football star Lionel Messi as the organizations first worldwide ambassador. The attacker for Argentina and Paris SaintGermain is one of the games top players and has won seven Ballon dOrs. He is the sixth most marketable athlete in the world, according to SportsPro Media. Cristiano Ronaldo, a fellow football player and the most marketable athlete in the world, was previously named the regional ambassador of the Singaporebased ecommerce company Shopee in 2019. Read More..

B2B Tech News | 2 years ago          

Elon Musk accuses Apple of threatening to remove Twitter app

Elon Musk, the founder of Twitter, claims that Apple has threatened to remove the Twitter app from its App Store. The only way to distribute software

Elon Musk, the founder of Twitter, claims that Apple has threatened to remove the Twitter app from its App Store. The only way to distribute software to iPhones is through Apples App Store. If Twitters app is removed, the social network will lose one of its primary distribution channels, though the service is still available on the web. There are several reasons why Twitter could violate Apples App Store policies. One difference is that Twitter permits adult content, whereas Apple requires apps to have strict moderation. Read More..

B2B Tech News | 2 years ago          

Sonic Healthcare Acquires a 20% Stake in Gut Health Company Microba Life Sciences

Sonic will buy 19.99 percent of Microba for 26 cents per share. Sonic will gain distribution rights for microbiome testing in seven countries as part

Sonic will buy 19.99 percent of Microba for 26 cents per share. Sonic will gain distribution rights for microbiome testing in seven countries as part of the agreement. Microbas technology is used to measure the human gut microbiome, and the biotech is also working on microbial cell therapies. Sonic Healthcare is one of the largest medical diagnostics companies in the world. The company is valued at $15.2 billion and employs more than 41,000 people. Sonic generated $9.3 billion in revenue in FY22, a 7% increase over the previous year. Read More..

B2B Tech News | 2 years ago          

Cactos raises €2.5 Million to Meet Growing Customer Demand

Cactos, a Finnish startup, has raised €2.5 million in equity and debt financing. The capital is expected to help the company more than double its fa

Cactos, a Finnish startup, has raised €2.5 million in equity and debt financing. The capital is expected to help the company more than double its factory size by early 2023. Production will nearly triple from the current capacity of 100kWh units. Cactos €2.5 million funding round was led by Superhero Capital and included participation from the companys founders. When there is a power outage, the units can automatically discharge energy into the grid, and when there is an excess of production, they absorb energy. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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