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Mukesh Ambanis Jio Payment Solutions to Facilitate Online Payments Following Regulatory Approval

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, t

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, to function as an online payment aggregator. With support for several payment methods, including bank transfers, ewallets, UPI transfers, debit and credit cards, and more, Jio Payment Solutions can help companies and consumers make payments online, thanks to this classification. With this new capacity, Jio Financial, founded last year as part of the reorganisation of the Ambaniled company, hopes to improve digital payment options in India. Read More..

B2B Tech News | 1 days ago        

AMDs FourthQuarter Revenue Outlook Falls Short, Prompting 7% Drop in Stock Prices

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquart

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquarter revenue below expectations. As a result of this statement, AMDs stock fell by around 7% during extended trading, undoing a significant portion of its previous gains. Although the companys data centre sales increased by 122% to $3.5 billion, AMD is still trailing Nvidia, which accounts for around 80% of the market for AI semiconductors. As CEO Lisa Su noted, continued supply issues for AI processors make it more difficult for AMD to satisfy growing demand from big tech firms like Microsoft and Meta. Despite exceeding forecasts with thirdquarter sales of $6.82 billion, the mixed outlook has sparked worries about the future of the semiconductor business. Read More..

B2B Tech News | 1 days ago        

Sierra Secures $175 Million Funding Led by Greenoaks Capital, Valued at $4.5 Billion

With a value of $4.5 billion, Sierra, a software business cofounded by former Salesforce coCEO Bret Taylor, has secured $175 million in a fundraising

With a value of $4.5 billion, Sierra, a software business cofounded by former Salesforce coCEO Bret Taylor, has secured $175 million in a fundraising round headed by Greenoaks Capital. Less than a year after its public debut, Sequoia Capital and Benchmark made a $110 million investment at a valuation of around $1 billion. Serving wellknown customers like WeightWatchers and Sirius XM, Sierra is an expert in AIpowered customer care chatbots for businesses, with an annualised revenue of over $20 million. In a competitive market, the firm stands out for its emphasis on minimising "hallucinations" in AI replies. Taylor, a wellknown personality in Silicon Valley, has highlighted Sierras special status in addition to his position at OpenAI. Read More..

B2B Tech News | 1 days ago        

Swiss Firms Boost Investments in India Amid $100 Billion Trade Deal and Economic Partnership

A $100 billion trade pact that offers lower tariffs and faster market access is driving Swiss firms, such as ABB and Kuehne+Nagel, to increase their i

A $100 billion trade pact that offers lower tariffs and faster market access is driving Swiss firms, such as ABB and Kuehne+Nagel, to increase their investments in India. As Indias economy surpasses Chinas with anticipated growth rates of 7% this year, this change represents a rising tendency among European businesses looking to mitigate the effects of U.S.China trade tensions. Swiss investment is anticipated to be further encouraged by the recent trade and economic alliance with the European Free Trade Association. For example, ABBs activities in India have grown dramatically, with the company completing eight projects since 2023 and growing from 6,000 to 10,000 employees. This action demonstrates Switzerlands continued commitment to China and the growing significance of India as a significant market for investments. Read More..

B2B Tech News | 1 days ago        

WTO Delays Ruling on Indias ICT Import Duties Amid Calls for Further Negotiations

India and Chinese Taipei have requested that the WTOs dispute settlement body DSB postpone the implementation of a verdict against Indias import taxes

India and Chinese Taipei have requested that the WTOs dispute settlement body DSB postpone the implementation of a verdict against Indias import taxes on certain IT items. Following many prior delays granted by the DSB, both sides requested more time until April 25, 2025, in a recent conference in Geneva, to enable a consensual settlement of the issue. On April 17, 2023, the EU, Japan, and Chinese Taipei filed a lawsuit claiming that Indias import taxes on certain ICT items violated international trade standards. India claims it is exempt from the requirement to remove customs taxes since these goods fall under the WTOs Information Technology Products ITA1 accord. Read More..

B2B Tech News | 1 days ago        

HSBC Reports 10% Profit Surge in Q3, Posts $8.5 Billion Pretax Profit, Beats Analyst Expectations

In the third quarter, HSBC Holdings beat analyst projections of $7.6 billion with a pretax profit of $8.5 billion, up 10% from $7.7 billion the previo

In the third quarter, HSBC Holdings beat analyst projections of $7.6 billion with a pretax profit of $8.5 billion, up 10% from $7.7 billion the previous year. With a strong emphasis on Asia, the Londonbased bank announced a $3 billion share purchase in addition to its $6 billion program. After the findings, Hong Kong equities increased by more than 2%. The banks activities were merged to improve efficiency and reduce expenses, and its geographic emphasis was divided under the new CEO, Georges Elhedery. Although interest rates are expected to fluctuate, HSBC hopes to maintain a return on tangible equity in the midteens for 2024 and 2025. The bank per share will distribute a 10cent interim dividend. Read More..

B2B Tech News | 1 days ago        

AT&T Signs $1 Billion Deal with Corning to Boost Fiber Internet Services Amid Stagnant Wireless Market

A $1 billion multiyear deal has been reached between AT&T and Corning to improve AT&Ts highspeed internet services by acquiring fibre, cable, and conn

A $1 billion multiyear deal has been reached between AT&T and Corning to improve AT&Ts highspeed internet services by acquiring fibre, cable, and connection technologies. As the U.S. cellphone industry slows and broadband firms like Comcast gain market share, AT&T and rival Verizon focus on highspeed internet. As demand for packaged services that combine fibre internet with cellular plans continues to rise, the alliance seeks to lower implementation costs while facilitating network growth and performance improvements. AT&T will achieve 30 million fibre passings by 2025, with 28.3 million reported in the third quarter. However, subscriber additions did not meet estimates because of a labour stoppage that affected fibre installations. Read More..

B2B Tech News | 1 days ago        

Storebrand Asset Management Sells Holdings in Palantir Technologies Over Human Rights Concerns

One of the biggest investors in the Nordic area, Storebrand Asset Management, has sold its shares in Palantir Technologies because of worries over the

One of the biggest investors in the Nordic area, Storebrand Asset Management, has sold its shares in Palantir Technologies because of worries over the companys work with Israel, which may be against human rights and international humanitarian law. Citing Palantirs sales of goods for use in occupied Palestinian areas, the asset manager, who is in charge of over $91.53 billion in assets, said that it has cut the business out of its investment portfolio. Peter Thiel cofounded Palantir, which offers AI models for military use and has come under fire for its alliance with Israel in the midst of the Gaza crisis. Storebrands move comes after the Norwegian government advised against doing business in Israeli settlements in Palestinian territory. Read More..

B2B Tech News | 7 days 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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