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India’s $23 Billion PLI Scheme Falls Short, Incentives Lapse

Aiming to increase domestic manufacturing and compete with China, Indias $23 billion productionlinked incentive PLI programme has mostly fallen short

Aiming to increase domestic manufacturing and compete with China, Indias $23 billion productionlinked incentive PLI programme has mostly fallen short of expectations, causing many incentives to expire. The 2020 initiative failed to reach investment targets due to bureaucratic roadblocks and sluggish implementation, despite its goal of luring multinational corporations, especially in electronics and semiconductors. The programme was unable to generate widespread industrial growth, even though some businesses profited. Many international players continued to be cautious, pointing to inconsistent policies and infrastructure issues. With the expiration of the incentives, India will once again have to improve its industrial policy to compete with China and other Southeast Asian nations that continue to draw large amounts of foreign investment. Read More..

B2B Tech News | 10 days ago        

Kraken Acquires NinjaTrader for $1.5 Billion, Expanding Beyond Crypto

Major cryptocurrency exchange Kraken has announced that it will buy NinjaTrader for $1.5 billion. NinjaTrader, a wellknown futures and forex trading p

Major cryptocurrency exchange Kraken has announced that it will buy NinjaTrader for $1.5 billion. NinjaTrader, a wellknown futures and forex trading platform, will strengthen Krakens position in the more significant financial trading sector. Krakens plan to diversify into conventional financial products and serve individual and institutional investors aligns with the acquisition. By integrating NinjaTraders tools with its current infrastructure, Kraken hopes to provide a more complete trading experience. The transaction illustrates how traditional finance and cryptocurrencies are increasingly overlapping as large exchanges look to diversify. Krakens user base and product offerings should grow due to the acquisition, strengthening its position as a leader in the changing financial sector. Read More..

B2B Tech News | 10 days ago        

Vodafone Idea in Talks with Starlink, Others for Satellite Services Expansion

According to Vodafone Idea, it is in exploratory talks to expand its service offerings with satellite communication companies, such as Elon Musks Star

According to Vodafone Idea, it is in exploratory talks to expand its service offerings with satellite communication companies, such as Elon Musks Starlink. Jagbir Singh, Chief Technology Officer, outlined the companys plan to use satellite technology to deliver both fixed and mobile services in underserved areas, especially in rural areas and smaller towns where the cost of deploying traditional infrastructure is prohibitive. Recent agreements between Starlink and rivals Bharti Airtel and Reliance Jio of Vodafone Idea to launch satellitebased internet services in India are the reason behind this development. In order to begin operations in the nation, Starlink must first secure the required regulatory approvals. Following the announcement, Vodafone Ideas stock rose by over 5%. Read More..

B2B Tech News | 10 days ago        

Rwanda’s Economy Surges 8.9% in 2024, Driven by Services & Industry

Rwandas statistics office reports that the countrys economy grew by 8.9% in 2024. Strong results in the services and industry sectors were the main dr

Rwandas statistics office reports that the countrys economy grew by 8.9% in 2024. Strong results in the services and industry sectors were the main drivers of growth, with services making up 46% of GDP and industry 22%. Despite difficulties, the agriculture industry continued to be a vital economic component. The governments initiatives to advance manufacturing, technology, and infrastructure are in line with Rwandas economic growth. Foreign investment has also surged in the nation, especially in digital services and green energy. The government is still hopeful that it can maintain rapid growth rates with the help of regional trade and policy changes. However, sustaining this momentum in the upcoming years may be difficult due to concerns associated with climate change and global economic instability. Read More..

B2B Tech News | 10 days ago        

India & Malaysia to FastTrack AITIGA Review, Target 2025 Completion

Aiming for significant completion by 2025, India and Malaysia have decided to expedite the evaluation of the ASEANIndia Trade in Goods Agreement AITIG

Aiming for significant completion by 2025, India and Malaysia have decided to expedite the evaluation of the ASEANIndia Trade in Goods Agreement AITIGA. This choice was made after a meeting between Malaysias Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong, and Indias Minister of State for Commerce and Industry, Jitin Prasada. Enhancing cooperation in the semiconductor sector, tackling obstacles to market access, and resolving problems with Indias Foreign Manufacturers Certification Scheme FMCS under the Bureau of Indian Standards BIS were also discussion topics. AITIGAs next joint committee meeting is scheduled for April 9–11, 2025. With bilateral trade reaching $20.02 billion in 2023–2024—17% of Indias ASEAN trade—Malaysia continues to be Indias thirdlargest ASEAN trading partner. Read More..

B2B Tech News | 10 days ago        

SoftBank Acquires Ampere Computing for $6.5B to Boost AI Chip Strategy

SoftBank Group Corp. has acquired a U.S.based semiconductor design company called Ampere Computing for $6.5 billion in cash. Ampere was established in

SoftBank Group Corp. has acquired a U.S.based semiconductor design company called Ampere Computing for $6.5 billion in cash. Ampere was established in 2018 by Renee James, a former president of Intel, and it focuses on producing highperformance, energyefficient data centre processors using Arm Holdings architecture. This calculated move supports SoftBanks prior investments in AI technology and collaborations, such as the Stargate programme, which aims to construct AI data centres in the United States. It is consistent with the companys dedication to developing AI infrastructure. With its headquarters in Santa Clara, California, Ampere will be a wholly owned subsidiary following the acquisition. The acquisition is anticipated to be completed in the second half of 2025, depending on usual regulatory approvals. Read More..

B2B Tech News | 10 days ago        

HSBC in Advanced Talks to Sell Inka Fund Administration Unit to BlackFin

According to reports, HSBC Holdings is in advanced talks to sell Inka, its German fund administration division, to BlackFin Capital Partners, a privat

According to reports, HSBC Holdings is in advanced talks to sell Inka, its German fund administration division, to BlackFin Capital Partners, a private equity group. About €400 billion $435.16 billion in assets under administration are managed by Inka. The possible sale fits HSBCs overarching plan to concentrate on its core competencies and streamline operations. Depending on talks and regulatory permissions, BlackFin, an investment group specialising in European financial services, might finalise the purchase in the upcoming weeks. HSBC has been reorganising its international businesses, including asset management, to maximise profitability. The action is consistent with banks selling off noncore assets as market conditions change. BlackFins presence in the European financial services industry will grow even further if the deal goes through. Read More..

B2B Tech News | 10 days ago        

China Grants ZeroTariff Access to All Imports from Least Developed Countries

By enacting a zerotariff policy for all goods originating from Least Developed Countries LDCs on December 1, 2024, China has reaffirmed its commitment

By enacting a zerotariff policy for all goods originating from Least Developed Countries LDCs on December 1, 2024, China has reaffirmed its commitment to these countries. China is the first big country to grant such extensive tariff exemptions, and this policy is applicable to LDCs that have diplomatic ties with China. By strengthening their export capacities and better integrating them into the global economy, the program seeks to support economic growth in LDCs. China has further supported these nations involvement in international commerce by providing $490,000 to the World commerce Organizations LDCs and Accessions Programme. These actions are a component of Chinas larger plan to foster mutual prosperity and improve relations with developing countries. Read More..

B2B Tech News | 10 days ago        



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