Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Reliance Industries Shares Inch Up 1.6% Amid LowKey Shareholder Meeting

Reliance Industries, the largest firm in India, with a market capitalisation of $245 billion, kept a low profile during its annual shareholder meeting

Reliance Industries, the largest firm in India, with a market capitalisation of $245 billion, kept a low profile during its annual shareholder meeting. As he first promised investors like KKR, Silver Lake, and Meta, Chairman Mukesh Ambani must list the companys two consumerfacing divisions. The stock increased just 1.6% despite lofty objectives like breaking into the worlds top 30 and announcing plans to produce solar modules and build a gigafactory for batteries. Though market prices and weaker retail growth have muted excitement, Reliances future spinoffs might help unlock wealth. The firms stock market listings have limited immediate benefits, as the shares are trading close to the average target price established by brokerages. Read More..

B2B Tech News | 1 months ago        

Salesforce Shares Surge 4% After Strong Quarterly Results and AI Integration Success

Following solid quarterly results and encouraging investor sentiment surrounding its AI projects, Salesforces CRM.N shares increased by almost 4% on T

Following solid quarterly results and encouraging investor sentiment surrounding its AI projects, Salesforces CRM.N shares increased by almost 4% on Thursday. The firm has been incorporating AI into its products, such as Slack, to increase capabilities and draw clients. Salesforce surpassed forecasts for sales, profit, and margin in the second quarter despite worries about the possible effects of lower cloud investment. For the fiscal year ending in January 2025, the corporation also increased its profit projection. In contrast to rivals like ServiceNow, which have higher multiples, Salesforces stock is priced at 24.49 times Wall Streets earnings forecasts. According to analysts, new AI technologies and Agentforces impending debut might be the main drivers of future development. Read More..

B2B Tech News | 1 months ago        

Dell Technologies Ups Profit and Revenue Estimates Following AI Server Boom

Dell Technologies has increased its yearly profit and revenue projections due to a spike in demand for its Nvidiapowered AIoptimized servers. The busi

Dell Technologies has increased its yearly profit and revenue projections due to a spike in demand for its Nvidiapowered AIoptimized servers. The business raised its projected adjusted profit per share to $7.80 and now projects yearly revenue between $95.5 billion and $98.5 billion, higher than prior projections. Dell announced a 9% increase in revenue to $25.03 billion for the second quarter. The infrastructure solutions segment, which includes AI servers, generated a record $11.65 billion in revenue. Dells PC business experienced difficulties, with a 4% reduction in sales, despite the AI servers success. Furthermore, Dell is looking at selling the cybersecurity company SecureWorks. Read More..

B2B Tech News | 1 months ago        

Commonwealth Bank CEO Matt Comyn Slams MP Over Misinformation and Tax Proposal

Commonwealth Bank of Australia CBA CEO Matt Comyn denounced a lawmaker for disseminating false information and denounced a tax hike on large corporati

Commonwealth Bank of Australia CBA CEO Matt Comyn denounced a lawmaker for disseminating false information and denounced a tax hike on large corporations that was being pursued by "insidious populism" and lacked foundation. Defying proposals from the Reserve Bank of Australia, Comyn countered statements made during a parliamentary inquiry that pointofsale fees imposed by banks were a significant source of profit, labelling such language as harmful. Additionally, he criticised a recent Greens party plan to raise taxes on banks and miners, claiming it needed more validity and was predicated on incorrect premises. Comyns comments were a break from the customarily submissive attitude that Australian bank executives had previously adopted. Read More..

B2B Tech News | 1 months ago        

Bank of Mexico Cuts GDP Growth Forecasts Amidst Weak Economic Performance

With a 1.5% GDP growth rate for 2024—down from 2.4%—and a 1.2% GDP growth rate for 2025—down from 1.5%—the Bank of Mexico has lowered its esti

With a 1.5% GDP growth rate for 2024—down from 2.4%—and a 1.2% GDP growth rate for 2025—down from 1.5%—the Bank of Mexico has lowered its estimates for economic growth. This revision results from lowerthanexpected secondquarter growth, decreased demand for overseas manufacturing, and decreased domestic infrastructure projects. The central bank is cautious, emphasising ongoing inflation concerns, even with the latest 0.2% quarterly gain. It now projects higher inflation than anticipated, with core inflation at 3.9% and headline inflation at 4.4% by years end. The central bank expects continued difficulties with inflation but suggests the possibility of more rate reductions should inflation trends improve. The central bank recently dropped its benchmark interest rate to 10.75%. Read More..

B2B Tech News | 1 months ago        

Nippon Steel to Invest Additional $1.3 Billion in U.S. Steel Mills

A $1.3 billion investment in U.S. Steels two mills is part of an ongoing takeover by Nippon Steel, the largest steelmaker in Japan. Adding to the $1.4

A $1.3 billion investment in U.S. Steels two mills is part of an ongoing takeover by Nippon Steel, the largest steelmaker in Japan. Adding to the $1.4 billion already committed through 2026, this additional investment will spend $1 billion to expand Mon Valley Works ability to produce highgrade steel and $300 million to prolong Gary Works production life in Indiana. A political and regulatory roadblock, including worries from the United Steelworkers USW union, hampered Nippon Steels $14.9 billion acquisition of U.S. Steel, completed in December 2007. After receiving all necessary clearances, the deal is anticipated to conclude in the second part of 2024. Read More..

B2B Tech News | 1 months ago        

Indias Eros Investments to Pour $1 Billion into Malaysias AI and Film Sectors

The digital ministry of Malaysia has announced that Eros Investments, an Indian company, and its Immerso AIIP business will invest $1 billion in Malay

The digital ministry of Malaysia has announced that Eros Investments, an Indian company, and its Immerso AIIP business will invest $1 billion in Malaysia to establish an artificial intelligence park and movie studio. Over the following five years, the proposed investment, which includes an AI university and data centre within the park, might create 5,000 jobs. With a significant commitment to developing both industries, the initiative seeks to strengthen Malaysias position in AI and film production. Read More..

B2B Tech News | 1 months ago        

National Stock Exchange of India Reapplies for IPO, Eyes $3.2 Billion Valuation Amid Market Boom

One of Indias most extensive initial public offerings IPOs, the National Stock Exchange of India NSE, has finally started its longdelayed public offer

One of Indias most extensive initial public offerings IPOs, the National Stock Exchange of India NSE, has finally started its longdelayed public offering process. Regarding volume, the Securities and Exchange Board of India SEBI has received a reapplication from NSE, the largest derivatives exchange globally, requesting a "noobjection" to move on with the IPO. NSEs initial goal was a 10% stake sale, which, based on its projected valuation of 2.7 trillion Indian rupees $32.18 billion, could have put the IPOs worth at about $3.2 billion. Existing shareholders, including significant organisations like the State Bank of India and Life Insurance Corporation of India, can sell their shares through the IPO. The June quarter earnings rise for NSE was 39% year over year, fuelled by a thriving options trading sector. Read More..

B2B Tech News | 1 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2941   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2505   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2785   

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.
   2944   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3950   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.