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Man Industries India Ltd. Bags Orders Worth ₹525 Crore, Boosts Unexecuted Order Book to ₹1,600 Crore

Without revealing the names of the companies involved, Man Industries declared on February 12 that it had received fresh orders totalling ₹525 crore

Without revealing the names of the companies involved, Man Industries declared on February 12 that it had received fresh orders totalling ₹525 crores for the delivery of different pipes. The contracts, which might come from local or foreign companies, should be finished in six to seven months, increasing the companys backlog of unfulfilled orders to almost ₹1,600 crore. This confirms trust in the businesss technological prowess and operational effectiveness. In addition, Kandla Customs awarded Man Industries a certificate of recognition for being the top exporter in FY24. In line with potential in the hydrogen industry, it received an order for 400 crore last month and started manufacturing pipes for hydrogen transportation. The managing director, Nikhil Mansukhani, highlighted the companys ability to produce up to 5 lakh tonnes yearly with no capital outlay. The inventory rose nearly 5% in morning trade on the news. Read More..

B2B Tech News | 2 months ago          

ANZ Group Achieves Robust Performance in First Quarter, Shares Hit 22Month Peak

Due to strong results in its institutional divisions markets business, Australias ANZ Group said that its firstquarter group revenue was in line with

Due to strong results in its institutional divisions markets business, Australias ANZ Group said that its firstquarter group revenue was in line with the quarterly average of the first half of fiscal 2023. As a result, shares surged to A$27.93, the highest level in 22 months. Strong demand for institutional banking services, which produced a record yearly profit the year before, was blamed for the spike. The ANZ Group emphasised the rise in lending driven by client deposits in Australian retail and consumer franchises, even in the face of a slight decline in the overall benchmark index. The bank added A$8 billion in consumer deposits across its retail and commercial businesses in Australia, but institutional deposits declined. At the end of December 2023, the standard equity tier 1 ratio, however, marginally declined to 13.1%. Read More..

B2B Tech News | 2 months ago          

Dexiga Startup Faces Backlash After Exposing My WinStar App User Data

The company that created the My WinStar app, Dexiga, unintentionally made public a database containing its users personal data, including their home a

The company that created the My WinStar app, Dexiga, unintentionally made public a database containing its users personal data, including their home addresses, phone numbers, email addresses, and complete names. The unencrypted database was found by security researcher Anurag Sen, who provided TechCrunch with details. After being informed, Dexiga protected the database, but they played down the event, saying the information was freely accessible. TechCrunch signed up and confirmed the phone number showed in the accessible data, so validating the databases relationship to the My WinStar app. Dexiga said that a log migration caused the exposure. Still, it didnt say when it happened, or if anybody else could access the information. Since WinStars general manager did not reply to questions, how the company handled the situation is still being determined. Read More..

B2B Tech News | 2 months ago          

DECIX Internet Exchanges Witness Record Surge in Data Traffic, Reaching 59 Exabytes in 2023

Data traffic at DECIX Internet Exchanges surged to 59 exabytes in 2023—a significant rise of 23 per cent over the previous year. CEO Ivo Ivanov emph

Data traffic at DECIX Internet Exchanges surged to 59 exabytes in 2023—a significant rise of 23 per cent over the previous year. CEO Ivo Ivanov emphasised the importance of DECIX in our digital life and the range of applications it has made possible for the internet. DECIX Indias Chief Business Officer, Sudhir Kunder, reaffirmed the companys dedication to offering dependable and quick connections. With DECIX Frankfurt reaching a record peak, the peak data throughput of 22.36 terabits per second on November 8, 2023, demonstrated a consistent increase. The increased usage of internetbased apps is the reason for the spike in data traffic, indicating the importance of DECIX in international data exchange. Read More..

B2B Tech News | 2 months ago          

Tower Semiconductor Eyes $8 Billion Chip Manufacturing Facility in India

According to the Indian Express, Israelbased Tower Semiconductor would build a $8 billion chip manufacturing plant in India. The plan seeks to build 4

According to the Indian Express, Israelbased Tower Semiconductor would build a $8 billion chip manufacturing plant in India. The plan seeks to build 40 and 65nanometer chips in India if government incentives are obtained. Chip production is consistent with Prime Minister Modis economic goals, albeit Tower Semiconductor and the Indian IT ministry have not yet commented on the issue. Nevertheless, prior attempts to provide the sector $10 billion in incentives were met with obstacles, resulting in the postponement or cancellation of some projects. Read More..

B2B Tech News | 2 months ago          

Tata Communications and Microsoft Collaborate to Enhance Enterprise Connectivity with Teams Integration

Through a partnership with Microsoft, Tata Communications can provide Indian businesses with improved connection and communication through Microsoft T

Through a partnership with Microsoft, Tata Communications can provide Indian businesses with improved connection and communication through Microsoft Teams. Using Microsofts Operator Connect and Tata Communications GlobalRapide technology, users may easily place and receive PSTN phone calls on Teams devices worldwide. Tata Communications guarantees regulatory compliance with relationships with over 700 mobile network providers and significant coverage across more than 190 countries. By providing endtoend managed services, deployment, onboarding, and improved security features, the GlobalRapide platform streamlines the management of the Teams platform. The VP of Unified Communications & Collaboration at Tata Communications, Sriram Sampath, highlights how the alliance may increase worker productivity while upholding regulatory compliance. According to Microsofts Country Head, Shruti Bhatia, the partnership aims to increase productivity and efficiency for Indian companies. Read More..

B2B Tech News | 2 months ago          

Crackdown on Cybercrime U.S. Authorities Seize Websites Linked to Malware Sales

The "Warzone RAT" virus, which may steal data, was found on websites made available for purchase by American authorities. Suspects were also apprehend

The "Warzone RAT" virus, which may steal data, was found on websites made available for purchase by American authorities. Suspects were also apprehended in Malta and Nigeria. Classified as a remote access trojan, the infection allowed hackers to access computers worldwide. It allowed them to browse the file system, record keystrokes, and spy on users webcams. Maltese citizen Daniel Meli has been charged with distributing malware since 2012. On the other hand, Nigerian citizen Prince Onyeoziri Odinakachi is charged with providing Warzone RAT assistance from 2019 to 2023. The United States is seeking Melis extradition, while Odinakachi is charged with conspiring to conduct computer intrusion offences. The solicitors for both parties defences have yet to be named. Read More..

B2B Tech News | 2 months ago          

AstraZeneca Shares Slide Despite Strong 2023 Financials

AstraZeneca posted strong financial results for 2023, including $45.8 billion in revenue and a gross profit of more than $37.5 billion. Still, its sha

AstraZeneca posted strong financial results for 2023, including $45.8 billion in revenue and a gross profit of more than $37.5 billion. Still, its shares fell by about 4% on the London Stock Exchange. The corporation made a point of highlighting how much of its sales came from cancer medications. Investors, however, did not appear thrilled, maybe due to the company missing fourthquarter profit estimates explained by higher research expenditures and lower margin sales in emerging regions. Although there is hope for cancer and rare illness treatments, AstraZeneca has to maintain growth in the face of shifting market conditions. Furthermore, the companys foray into developing obesity drugs complements its strategic efforts with the decline in demand for its COVID19 vaccination. Pascal Soriot, the CEO, is nevertheless upbeat about the potential for future development. Read More..

B2B Tech News | 2 months ago          



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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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