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Adani Group Stocks Plunge $28 Billion Following Bribery and Fraud Charges Against Gautam Adani

Following charges of bribery and fraud against the chairman, Gautam Adani, by U.S. authorities, the market value of shares of Adani Group firms droppe

Following charges of bribery and fraud against the chairman, Gautam Adani, by U.S. authorities, the market value of shares of Adani Group firms dropped by around $28 billion. The losses ranged from 9% to 23% for Adani Enterprises and other group equities, such as Adani Ports, Adani Power, and Adani Green. The groups overall market value dropped from $169 billion earlier in the week to about $141 billion. According to the accusations, Adani and his accomplices allegedly paid $265 million in bribes to obtain contracts, including one for the most extensive solar power facility in India. Following earlier claims of stock manipulation and tax haven use by shortseller Hindenburg Research, the disclosure has caused Adani Group bonds to drop precipitously. Read More..

B2B Tech News | 1 years ago          

Google Launches Air View+ in India to Combat Air Pollution with AIDriven Insights

To combat air pollution, Google launched Air View+ in India, which uses AI and cuttingedge sensors to provide hyperlocal air quality data. The system

To combat air pollution, Google launched Air View+ in India, which uses AI and cuttingedge sensors to provide hyperlocal air quality data. The system provides detailed data verified by IIT and pollution board specialists, serving more than 150 cities. Local governments can use customised dashboards to pinpoint areas of high pollution and put solutions in place, and Google Maps gives users access to realtime AQI data. By empowering vulnerable communities to adopt preventative measures, this effort assists urban planners in creating solutions for cleaner air. With AI and insights from regional climatetech companies, Air View+ is wellpositioned to impact Indias air pollution fight significantly. Read More..

B2B Tech News | 1 years ago          

Microsoft Ignite 2024 AI Agents and Productivity Tools Take Center Stage

The business highlighted automation and productivity at Microsoft Ignite 2024 by introducing major Windows, Microsoft 365, Azure, and AI improvements.

The business highlighted automation and productivity at Microsoft Ignite 2024 by introducing major Windows, Microsoft 365, Azure, and AI improvements. Four new artificial intelligence AI agents were highlighted, including the SharePoint Agents for retrieving project details and documents, the Teams Facilitator Agent for taking notes during realtime meetings, the Project Manager Agent in Microsoft Planner for automating tasks, and the Employee SelfService Agent for answering IT and HR questions. Additionally, Microsoft improved Copilot Pages with Rich Artefacts for generating interactive flowcharts and code blocks and introduced Copilot Actions, which lets users automate repetitive activities. Teams rapid file summary function and PowerPoints 40language translation tool were extra features. Through 2025, previews of these improvements will be released to streamline workflows. Read More..

B2B Tech News | 1 years ago          

Deloitte India and Securiti Join Forces to Address Data Privacy Challenges

Deloitte India and Securiti have teamed up to provide scalable, privacyfirst solutions that address data privacy, security, and compliance issues. By

Deloitte India and Securiti have teamed up to provide scalable, privacyfirst solutions that address data privacy, security, and compliance issues. By fusing Securitis cuttingedge technology with Deloittes experience, the partnership includes automation, Data Security Posture Management DSPM, and simplified compliance to assist businesses in navigating intricate laws like the CCPA, GDPR, and Indias Digital Personal Data Protection Act DPDPA. The alliance aims to improve data integrity standards through AIdriven frameworks, and leaders from both companies stressed the value of trust and innovation. In line with Indias swift digital development, Securitis latest public cloud deployment improves data sovereignty and regulatory compliance. This partnership enables companies to safeguard customer information while encouraging responsibility and adaptability in the everchanging digital environment. Read More..

B2B Tech News | 1 years ago          

Reddit Fixes Bug Responsible for Outage Impacting Tens of Thousands in the U.S.

On Wednesday, Reddit RDDT.N fixed a software fault that caused an outage and denied tens of thousands of American users access to the network. Downdet

On Wednesday, Reddit RDDT.N fixed a software fault that caused an outage and denied tens of thousands of American users access to the network. Downdetector reports that the outage started at around 3 p.m. ET, peaked at about 49,000 reported difficulties, and then decreased to 14,575 by 432 p.m. ET. A recent update fault was the cause of the disruption, according to Reddit, which also confirmed that a remedy has been applied and regular operations are returning. Read More..

B2B Tech News | 1 years ago          

European Union to Provide €91 Million Loan for Cameroon’s Infrastructure and Foreign Investment Growth

Over the next three years, the European Union EU has committed to lending Cameroon 91 million euros $96 million to help develop the nations infrastruc

Over the next three years, the European Union EU has committed to lending Cameroon 91 million euros $96 million to help develop the nations infrastructure and draw international investment. Road infrastructure, a railway network connecting Cameroon to Chad, and the countrys energy sector will all benefit from the financing. The Ntem River will also be crossed by a bridge linking Equatorial Guinea and Cameroon. This financing is a component of more considerable EU assistance for significant infrastructure projects in Cameroon, a country struggling with deteriorating infrastructure and a separatist insurgency. However, given the pervasive corruption, the EU loan is conditioned on the government managing the funds effectively. Read More..

B2B Tech News | 1 years ago          

Elior’s Adjusted EBITDA Soars 183% in FY2024, Outperforming Analyst Expectations

Elior ELIOR.PA, a French food caterer, exceeded market expectations with an impressive 183% increase in adjusted core profit for the year ended Septem

Elior ELIOR.PA, a French food caterer, exceeded market expectations with an impressive 183% increase in adjusted core profit for the year ended September 2024. Its adjusted EBITDA surpassed analyst projections of 162 million euros, rising from 59 million euros the year before to 167 million $176.84 million. Through strategic restructuring, the business could eliminate contracts that were losing money. For fiscal 2025, Elior projects a 3% to 5% increase in organic revenue, an adjusted EBITDA margin above 3%, and net debt at 3.5 times its core profit. Additionally, the business affirmed its mediumterm goals, indicating sustained success. Read More..

B2B Tech News | 1 years ago          

Paytm Enables UPI Payments at Select Global Destinations, Including UAE, Singapore, and France

The parent firm of Paytm, One97 Communications Limited OCL, declared on 19 November 2024 that its users can now make UPI payments at a few overseas lo

The parent firm of Paytm, One97 Communications Limited OCL, declared on 19 November 2024 that its users can now make UPI payments at a few overseas locations. With this functionality, Indian tourists can use the Paytm app to make cashless purchases in countries like the UAE, Singapore, France, Mauritius, Bhutan, and Nepal that use UPI. When a user scans a UPIenabled QR code overseas, the Paytm app instantly initiates activation. Users must link their bank account to activate UPI International. The service provides transparency on foreign exchange rates and conversion fees and flexibility in usage periods ranging from one to ninety days. This service, which reflects Paytms dedication to innovation in mobile payments, seeks to make foreign travel more convenient and secure. Read More..

B2B Tech News | 1 years ago          



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