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Lenskart acquires a major share in the Japanese eyewear brand Owndays

Lenskart, backed by Softbank, has acquired a majority stake in the Japanese brand of D2C glasses Owndays. This gives the company access to 13 markets,

Lenskart, backed by Softbank, has acquired a majority stake in the Japanese brand of D2C glasses Owndays. This gives the company access to 13 markets, including India, Singapore, Thailand, Taiwan, the Philippines, Indonesia, Malaysia, and Japan. The size of the transaction is about $400 million . CEO Shuji Tanaka and COO Take Umiyama remain shareholders and lead the management team. Lenskart will continue to expand rapidly in India and Southeast Asia. The transaction will give Lenskart Owndays major shareholders access to L Catterton Asia and Mitsui & Co., Principal Investment. Read More..

B2B Tech News | 2 years ago          

Australia prioritises lowercost EVs and emissions reduction

A bill will be introduced to commit Australia to reduce its emissions by 43% below 2005 levels by 2030. Another bill would eliminate import duties and

A bill will be introduced to commit Australia to reduce its emissions by 43% below 2005 levels by 2030. Another bill would eliminate import duties and taxes on electric vehicles that are cheaper than the luxury car threshold. Only 1.5% of cars sold in Australia are electric or plugin hybrid. If not, maybe the countrys not serious, Environment Minister Chris Bowen said. Australias greenhouse gas emissions rose last year by 0.8%, or 4.1 million metric tons 4.5 million U.S. tons, one of the biggest spikes in 15 years. Read More..

B2B Tech News | 2 years ago          

With space for 10,000 experts, Bosch India has unveiled its first smart campus

Bosch is expanding its AIoT artificial intelligence of things activities in India. It is doing this by transforming its headquarters in Adugodi, Benga

Bosch is expanding its AIoT artificial intelligence of things activities in India. It is doing this by transforming its headquarters in Adugodi, Bengaluru into a new smart campus. The 76acre site is Boschs first smart campus in India, with the capacity to house 10,000 associates. Soumitra Bhattacharya, managing director of Bosch Limited and president of the Bosch Group, India. Bosch is focusing on total gross hiring of about 6,000 people this year across its group companies. It has deployed an ambient airquality monitoring solution to monitor vital noise and air pollutants. Read More..

B2B Tech News | 2 years ago          

Analyst North Korea Could Be Behind Destruction of New $ 100 Million Cryptocurrency

Experts say the hackers stole about $ 100 million in cryptocurrencies from US companies. He compared it to North Koreas hacking operation centered on

Experts say the hackers stole about $ 100 million in cryptocurrencies from US companies. He compared it to North Koreas hacking operation centered on commercial activity The style of attack used to hide the source of funds and the high structured payment rate for mixers are similar to previous attacks in which the blockchain company Chainalysis denounced North Koreanlinked actors in cooperation with Harmony to respond to the attack. It has been announced on Twitter on Tuesday. On June 23, a cryptographic asset was stolen from Horizon Bridge, a service operated by the Harmony blockchain, and the asset could be transferred to another blockchain. Read More..

B2B Tech News | 2 years ago          

The new 10% telephone tax comes into force on Friday

The Cellphone imports are subject to a 10% excise duty under the Finance Act 2022. Each SIM card that is imported and ready to use is subject to addit

The Cellphone imports are subject to a 10% excise duty under the Finance Act 2022. Each SIM card that is imported and ready to use is subject to additional Sh50 excise duty. According to tax experts, the new taxes are intended to generate new revenue rather than safeguard a dormant local industry. Mobile phone and SIM card excise duty add yet another tax to the users already burdensome tax burden. According to Safar Hira of Safaricom, the duty will probably increase the cost of devices by more than 10%. Read More..

B2B Tech News | 2 years ago          

Siemens and Nvidia Collaborate Together to Increase Digital Services

Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an enhanced virtual reality for companies. The deal is a cornersto

Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an enhanced virtual reality for companies. The deal is a cornerstone of Siemens Xcelerator, a new open digital platform also launched by the German technology and engineering company on Wednesday. Siemens bought Brightly Software for $1.58 billion on Monday. Services will be offered through Siemenss software as a service SaaS subscription model to make it more affordable for small and mediumsized companies. Read More..

B2B Tech News | 2 years ago          

The First Bitcoin ETF in Europe Will Be Released by Jacobi Asset Management on Euronext

Jacobi Asset Management will launch Europes first bitcoin exchangetradedfund on the Euronext exchange. The company said its Jacobi Bitcoin ETF will be

Jacobi Asset Management will launch Europes first bitcoin exchangetradedfund on the Euronext exchange. The company said its Jacobi Bitcoin ETF will begin trading in July under the ticker symbol of BCOIN Bitcoin dropped to as low as $17,592.78 earlier this month, falling below the $20,000 level for the first time since December 2020. The company said its Jacobi Bitcoin ETF will begin trading in July on the Euronext Amsterdam Exchange under the ticker symbol of BCOIN. Read More..

B2B Tech News | 2 years ago          

JP Pharma buys four brands in Dr. Reddys lab

Dr. Reddys Laboratories and JB Pharma have a contract in place for JB Pharma to purchase four of Dr. Reddys Laboratories brands for the Indian market

Dr. Reddys Laboratories and JB Pharma have a contract in place for JB Pharma to purchase four of Dr. Reddys Laboratories brands for the Indian market Z&D, Pedicloryl, Pecef, and Ezinapi. Internal projections place the combined sales of these brands for FY 2021–22 at around Rs 33 crore. One of the pharmaceutical companies in India with the fastest growth is J.B. Chemicals & Pharmaceuticals. Its other two home markets, in addition to its substantial presence in India, which generates the majority of its revenue, are Russia and South Africa. According to IQVIA data, all four brands are targeted at the pediatric market in the nation, which has a total covered market size of Rs 1800 crore. Read More..

B2B Tech News | 2 years ago          



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