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Bharti Enterprises to Acquire 24.5% Stake in BT for £3.2 Billion

To buy out key investor Patrick Drahi of Altice Group, which is lowering its debt load, Indias Bharti Enterprises is scheduled to pay £3.2 billion $4

To buy out key investor Patrick Drahi of Altice Group, which is lowering its debt load, Indias Bharti Enterprises is scheduled to pay £3.2 billion $4 billion for a 24.5% share in BT. Under the leadership of billionaire Sunil Bharti Mittal, Bharti will grow into a significant strategic investor in BT, assisting with its transformation initiatives and fibre network growth. A test of the incoming Labour governments position on foreign ownership in strategic industries, this investment has increased BTs shares by 6%. Before finalising the acquisition, Bharti—formerly owned a 9.99% stake—will need national security clearance. Instead of focusing on immediate profits, Bhartis purchase represents its longterm investment plan. Read More..

B2B Tech News | 1 years ago          

New Zealand Faces Record Emigration with 131,200 Departures in 2024

New Zealand is seeing unprecedented levels of emigration in the year ending in June 2024, 131,200 individuals left the country, the most significant y

New Zealand is seeing unprecedented levels of emigration in the year ending in June 2024, 131,200 individuals left the country, the most significant yearly number ever. Due to severe unemployment, high interest rates, and slow economic development in New Zealand, a sizable percentage of these exits are made for Australia. Eightyseven thousand New Zealanders were leaving, almost twice as many as before the outbreak. The nations economy needs help due to its 0.2% annual growth rate, growing 4.7% unemployment rate, and ongoing 3.3% inflation. Due to talent shortages, Australia is becoming a popular destination for New Zealanders looking to relocate due to its generous relocation packages and high cost of living. Read More..

B2B Tech News | 1 years ago          

Garuda Aerospace Targets Sri Lankan Market with $10 Million Investment

With a focus on improving farming techniques in the agricultural sector and investigating prospects in homeland security and industrial applications,

With a focus on improving farming techniques in the agricultural sector and investigating prospects in homeland security and industrial applications, Garuda Aerospace, supported by cricketer M.S. Dhoni, announced its debut in the Sri Lankan market on Monday. With a $10 million investment from its FY24 revenue, Garudas worldwide growth strategy—which seeks to have a presence in 50 countries—aligns with the companys development into Sri Lanka. The corporation considers Sri Lankas advantageous location and dronefriendly laws major selling points. Agnishwar Jayaprakash, the founder and CEO, highlighted the potential of drone technology to affect several industries, emphasising recent collaborations with Spirit Aeronautical Systems and Thales to propel innovation in the drone space. Read More..

B2B Tech News | 1 years ago          

India Approves 20% Premium on New Gas Projects to Boost Domestic Production

On gas from new wells or well interventions in fields specified by Oil India Ltd. and ONGC, the Ministry of Petroleum and Natural Gas has granted a 20

On gas from new wells or well interventions in fields specified by Oil India Ltd. and ONGC, the Ministry of Petroleum and Natural Gas has granted a 20% premium. Situated at 12% of the Indian crude basket price, this premium is intended to increase local output and make new gas development projects more viable. The ONGCs new projects, projected to expand output dramatically, include the Rs 7,800 crore Daman Upside Development and a Rs 6,000 crore initiative under DSFII. In line with initiatives to increase exploration and production in Indias sedimentary basins, this strategy backs the governments objective of increasing the proportion of natural gas in the energy mix from 6% to 15% by 2030. Read More..

B2B Tech News | 1 years ago          

Vertiv Launches AI Hub to Bridge Knowledge Gap in AIReady Data Center Infrastructure

In response to the knowledge vacuum in data centre infrastructure prepared for AI, Vertiv has introduced the AI Hub. The AI Hub provides white papers,

In response to the knowledge vacuum in data centre infrastructure prepared for AI, Vertiv has introduced the AI Hub. The AI Hub provides white papers, industry research, tools, and scalable reference designs for liquid cooling and power infrastructure supporting chip sets ranging from 10 to 140 kW per rack. An AI Infrastructure certification program for partners is available on the website and is updated regularly. Indias Vertiv Country Head, Shrirang Deshpande, emphasised the AI Hubs contribution to Indias AI innovation by offering vital tools and information. In response to the quick uptake of AI technologies across various sectors, Sean Graham of IDC underlined Vertivs importance in helping organisations implement AI infrastructure. Read More..

B2B Tech News | 1 years ago          

Microsoft Discloses Critical Office Vulnerability Exposing Sensitive Information

Microsoft has revealed a severe Office vulnerability that may result in the uninvited exposure of private data. Office 365 Apps for Enterprise, Office

Microsoft has revealed a severe Office vulnerability that may result in the uninvited exposure of private data. Office 365 Apps for Enterprise, Office 2016, Office LTSC 2021, and Office 2019 are all impacted by the bug. The vulnerability, found by researchers Jim Rush and Metin Yunus Kandemir, enables attackers to host rogue websites or compromise legal sites with specially crafted files. An alternate fix has already been enabled, and a formal patch is anticipated on August 13. Microsoft advises establishing NTLM traffic limitations, adding users to the Protected Users Security Group, and restricting TCP 445/SMB outbound traffic even though there is little chance of an exploitation succeeding. This revelation comes after reports of attackers circumventing Windows security safeguards with techniques like LNK stomping. Read More..

B2B Tech News | 1 years ago          

UN Adopts First Cybercrime Treaty Amid Global Data Access Concerns

The United Nations has established a worldwide legal framework for cybercrime and data access by ratifying its first cybercrime treaty, which Russia f

The United Nations has established a worldwide legal framework for cybercrime and data access by ratifying its first cybercrime treaty, which Russia first proposed. The UN Ad Hoc Committee on Cybercrime adopted the pact, which will now be voted on in the autumn by the General Assembly, where a passing vote is anticipated. After three years of discussions, the final wording has been criticised by tech firms and human rights organisations for potentially enabling abuses of the ability to utilise digital evidence and excessive monitoring. The pact represents a more excellent international agreement than the Budapest Convention, which did not include participation from essential states such as China and Russia and instead serves a worldwide need. Read More..

B2B Tech News | 1 years ago          

CERTIn Issues HighSeverity Warning for Google Chrome Users

The Computer Emergency Response Team CERTIn, part of the Ministry of Electronics and Information Technology in India, issued a highseverity warning fo

The Computer Emergency Response Team CERTIn, part of the Ministry of Electronics and Information Technology in India, issued a highseverity warning for Google Chrome users on Windows, Mac, and Linux computers. According to CERTIn, Google Chrome has several vulnerabilities that might compromise device security and personal information by enabling remote attackers to execute arbitrary code. The Settings menu is where users should update Chrome. Moreover, CERTIn alerted owners of Apple computers, iPads, iPhones, and Android smartphones with MediaTek and Qualcomm chipsets to upgrade their devices to prevent security flaws that might allow for data breaches and illegal access. Read More..

B2B Tech News | 1 years ago          



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