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Lenskart Files for IPO, Seeking $5 Billion Valuation in Indias Tech Market

Lenskart, the omnichannel eyewear major, officially filed its Draft Red Herring Prospectus DRHP with SEBI on October 31st, confirming its plan for an

Lenskart, the omnichannel eyewear major, officially filed its Draft Red Herring Prospectus DRHP with SEBI on October 31st, confirming its plan for an Initial Public Offering IPO. The public offering is expected to seek a valuation of approximately $5 billion, making it one of the largest consumer tech listings of the year. The capital raised will be strategically utilized for domestic and international expansion, further investment in its robotics and supply chain technology, and reinforcing its omnichannel presence. The listing reflects the maturing Indian consumer technology sector and strong investor appetite for profitable, scaled digital businesses. Read More..

B2B Tech News | 17 hours ago        

Fed Delivers Second Consecutive Rate Cut, Bringing Federal Funds Rate to 3.75–4.00%

Following its latest FOMC policy meeting, the US Federal Reserve announced on October 31st its second consecutive interest rate cut, moving the federa

Following its latest FOMC policy meeting, the US Federal Reserve announced on October 31st its second consecutive interest rate cut, moving the federal funds rate down to a target range of 3.75–4.00%, the lowest level in three years. The decision was driven by persistent weakness in the US job market and overall cooling in GDP growth, confirming a strategic shift toward accommodative monetary policy. While the cut was priced in by markets, Chair Jerome Powells neutral guidance on future policy prompted mild consolidation, as investors look for more clarity on the depth of the economic slowdown. Read More..

B2B Tech News | 17 hours ago        

President Xi Jinping Champions Open AsiaPacific Economy at APEC Summit

Addressing the 32nd APEC Economic Leaders Meeting on October 31st, President Xi Jinping urged member economies to work together to safeguard the multi

Addressing the 32nd APEC Economic Leaders Meeting on October 31st, President Xi Jinping urged member economies to work together to safeguard the multilateral trading system. He advocated for true multilateralism and emphasized the need to enhance the authority of the WTO. Xi proposed aligning the regional trade agreements RCEP and CPTPP to accelerate the development of the broader Free Trade Area of the AsiaPacific FTAAP. The remarks underscore Chinas commitment to highstandard openingup and its strategic push for deeper regional economic integration amidst global turbulence and protectionist threats. Read More..

B2B Tech News | 17 hours ago        

SEBI Revises Bank Nifty Rules to Cap Weightage and Increase Index Constituents

The Securities and Exchange Board of India SEBI announced major reforms to the governance of the Bank Nifty indexon October 31st. The new guidelines i

The Securities and Exchange Board of India SEBI announced major reforms to the governance of the Bank Nifty indexon October 31st. The new guidelines increase the indexs total number of stocks from 12 to 14 and, critically, cap the weightage of the single largest constituent stock at 20% down from 33%. Furthermore, the combined weight of the top three stocks will not exceed 45%. These changes, set for phased implementation starting December 2025, are designed to enhance the indexs stability, reduce concentration risk, and ensure broader representation of the rapidly growing Indian banking sector. Read More..

B2B Tech News | 17 hours ago        

China Allocates CNY 500 Billion to Stimulate Domestic Investment and Stabilize Foreign Trade

On October 31st, Chinas major policy banks, including the China Development Bank, announced the allocation of CNY 500 billion approx. $70.56 billion t

On October 31st, Chinas major policy banks, including the China Development Bank, announced the allocation of CNY 500 billion approx. $70.56 billion through a new financial instrument to boost domestic investment. The stimulus is strategically targeted at key economic areas, prioritizing technological innovation, consumption expansion, and foreign trade stabilization. The initiative is expected to leverage private and local government investment, potentially stimulating over CNY 7 trillion in total investment. The move underscores Beijings effort to counteract macroeconomic headwinds and maintain stable employment amidst a volatile global trade environment. Read More..

B2B Tech News | 17 hours ago        

OpenAI, Oracle, and Related Digital Unveil MultiBillion Dollar 1GW Stargate Data Center Plan

On October 31st, OpenAI announced a multibillion dollar investment plan in partnership with Oracle and development firm Related Digital to build a 1gi

On October 31st, OpenAI announced a multibillion dollar investment plan in partnership with Oracle and development firm Related Digital to build a 1gigawatt GW AI data center campus in Saline Township, Michigan. The massive "Stargate" project, which will leverage Oracles cloud infrastructure and is expected to cost tens of billions of dollars, underscores the AI industrys surging appetite for computing power. This hyperscale facility is designed to support the training and deployment of nextgeneration AI models, which demand massive, dedicated power and cooling capacity. OpenAI stated the project would ensure North America remains a core region for building the infrastructure necessary to power the next generation of American innovation. Read More..

B2B Tech News | 17 hours ago        

OpenAI Unveils Aardvark, an Autonomous GPT5 Agent to Hunt Software Vulnerabilities

OpenAI announced the launch of Aardvark on October 31st, a specialized, autonomous agent built on the upcoming GPT5 architecture designed for offensiv

OpenAI announced the launch of Aardvark on October 31st, a specialized, autonomous agent built on the upcoming GPT5 architecture designed for offensive and defensive cybersecurity. Aardvarks primary purpose is to automatically hunt for and flag software vulnerabilities and zeroday flaws within codebases, acting as an advanced, alwayson security auditor. This release marks a significant milestone in the shift toward autonomous security, where AI systems take responsibility for the initial identification and basic remediation of complex software weaknesses. The agent is expected to be adopted by major cloud providers and enterprise IT departments to harden their core infrastructure. Read More..

B2B Tech News | 17 hours ago        

Hyundai Motor Group and NVIDIA Announce AI Factory to Power Autonomous Mobility Solutions

On October 31st, Hyundai Motor Group HMG and NVIDIA announced a major expansion of their collaboration with the establishment of a new AI Factory, pow

On October 31st, Hyundai Motor Group HMG and NVIDIA announced a major expansion of their collaboration with the establishment of a new AI Factory, powered by NVIDIAs advanced Blackwell AI infrastructure. The facility is designed to accelerate the training, validation, and deployment of sophisticated AI models for HMG’s entire ecosystem, including autonomous vehicles, nextgeneration smart factories, and robotics. This deepening of the partnership, formalized by a Memorandum of Understanding with the Korean government, represents a shift to joint innovation of core physical AI technologies, cementing the Groups transition into a future mobility solutions provider. Read More..

B2B Tech News | 17 hours 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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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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