Walmart-backed PhonePe's nine-month 2022 revenue. According to its regulatory filing, Walmart-backed PhonePe has revealed a surge in its nine-month revenue for 2022. The Bengaluru-headquartered company's revenue grew to $234.3 million for the period ending December 31st, 2022, marking a jump from the $201.6 million it had generated in the 12 months ending March 31st, 2021. PhonePe, valued...
Japan and the Netherlands to join the U.S. in restricting chip equipment exports. Japan and the Netherlands are set to join forces with the U.S. in a significant move to restrict exports of semiconductor manufacturing equipment to China. This development comes after Japan's Deputy Chief Cabinet Secretary Seiji Kihara, a government spokesperson, announced that Japan would...
China's proposed export curbs on key solar technologies. Chinese authorities have proposed restricting exports of advanced solar technologies such as large wafers, black silicon, and ultra-high monocrystalline and multi-crystalline silicon. This is being done to maintain China's global industry dominance. However, analysts warn that the move may backfire on Chinese firms. Dennis Ip, the solar analyst at...
ACCC forecasts for 2023 east coast gas. The Australian Competition and Consumer Commission (ACCC) has warned that households and businesses on the east coast of Australia face a gas shortage this year, despite efforts by the federal government to ensure adequate supplies. In its latest report on the country's gas market, the ACCC warns that users are...
Gas Prices May be Set to Spike Again. Recent economic events have created concerns that the price of oil may be set to spike again. Despite the current low prices, factors such as increased demand from China's re-opening economy and Russia's involvement in Ukraine could lead to a surge in gas prices worldwide. Additionally, OPEC has...
