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Niti Aayog CEO Advocates for Indias Inclusion in RCEP and CPTPP to Boost MSMEs

With an emphasis on the advantages for Indias Micro, Small, and MediumSized Businesses MSMEs, Niti Aayog CEO BVR Subrahmanyam has pushed for Indias in

With an emphasis on the advantages for Indias Micro, Small, and MediumSized Businesses MSMEs, Niti Aayog CEO BVR Subrahmanyam has pushed for Indias inclusion in the Comprehensive and Progressive Agreement for TransPacific Partnership CPTPP and the Regional Comprehensive Economic Partnership RCEP. It is imperative that India lower its tariffs in order to become more integrated into global supply chains and take advantage of opportunities such as "China plus one." Additionally, Subrahmanyam pointed out that although Indias economic development trajectory is still solid, private sector investment is occurring more slowly than expected. Read More..

B2B Tech News | 1 months ago        

ANZ Reports 8% Drop in Annual Profit to A$6.73 Billion Amid Rising Loan Delinquencies

ANZs yearly earnings fell 8% to A$6.73 billion, below expectations, as margins were cut by competition and loan repayments that were more than 90 days

ANZs yearly earnings fell 8% to A$6.73 billion, below expectations, as margins were cut by competition and loan repayments that were more than 90 days past due increased by 47%. High interest rates and living expenses have put pressure on the bank, just like they have on other significant Australian lenders. The first rate drop in over five years is anticipated by ANZ in February 2025. Notwithstanding the weak performance, the bank stressed its efforts to manage nonfinancial risks and regulatory obligations while proposing a final dividend of 83 cents per share. Read More..

B2B Tech News | 1 months ago        

Qualcomms Q1 Outlook Surpasses Estimates on Strong Chinese Smartphone Demand and AI Growth

Due to the rise in Chinese smartphone releases and consumer demand for AIpowered products, Qualcomm has an optimistic prediction for the next fiscal q

Due to the rise in Chinese smartphone releases and consumer demand for AIpowered products, Qualcomm has an optimistic prediction for the next fiscal quarter that is higher than Wall Street had predicted. Over analyst projections, the corporation projects adjusted earnings of $2.95 per share and revenues of $10.90 billion. Qualcomms semiconductor business, anticipated to generate $9.3 billion in revenue, is expected to contribute substantially. Qualcomms high demand in China is helping it, but it faces longterm uncertainty because of Apples move to create its modem chips and ongoing legal issues with Arm over licensing. Nevertheless, Qualcomms position is strengthened by its diversification into AI and data centres and the signing of new contracts, such as with Transsion Holdings. Read More..

B2B Tech News | 1 months ago        

Thailand Poised to Benefit from U.S.China Trade War, Says Commerce Minister

According to Commerce Minister Pichai Naripthaphan, a possible trade war between the United States and China might benefit Thailands economy. Thai ite

According to Commerce Minister Pichai Naripthaphan, a possible trade war between the United States and China might benefit Thailands economy. Thai items are set to replace Chinese imports amid a trade conflict, increasing Thailands exports to the United States. Pichai highlighted Thailands close ties between China and the United States, enabling the nation to maintain neutrality. To indicate the possibility of more U.S. investment, he also emphasised intentions by American businesses such as Seagate and Western Digital to extend their operations in Thailand. Pichai emphasised Thailands vital position in the current dynamics of global commerce while expressing confidence for more economic cooperation. Read More..

B2B Tech News | 1 months ago        

South Korea Warns of Increased U.S. Tariffs, Plans to Boost Investments to Offset Impact

Cheong Inkyo, South Koreas trade minister, warned that further U.S. tariffs under a second Trump administration may force South Korean businesses to b

Cheong Inkyo, South Koreas trade minister, warned that further U.S. tariffs under a second Trump administration may force South Korean businesses to boost their U.S. investments to counteract the effects. Higher tariffs, Cheong said, might speed up onsite production and direct investment, particularly in the automobile industry, which is already seeing investments from the United States. With a 200% tax on some imported autos and a 10%–20% blanket duty on imports, Trumps planned tariffs may cost South Koreas economy up to $44.8 billion in export revenue, mostly hurting automakers. Though its economic relations with the U.S. are anticipated to be steady despite possible changes, South Korea is willing to participate in trade diplomacy in response. Read More..

B2B Tech News | 1 months ago        

MSCI Adds Five Indian Companies to Global Standard Index, Boosting Indias Weightage to 19.8%

China now carries a 26.8% weight on the MSCI Global Standard Index, but with the recent inclusion of five Indian businesses, the countrys weight will

China now carries a 26.8% weight on the MSCI Global Standard Index, but with the recent inclusion of five Indian businesses, the countrys weight will increase to a record 19.8% from 19.3%. The index now has 156 Indian stocks overall, thanks to the addition of Voltas, Oberoi Realty, BSE, Kalyan Jewellers, and Alkem Laboratories. This change suggests that more Indian stocks may be included, even though they comprise a quarter of Chinas 598 stocks. The adjustment, which takes effect after markets close on November 25, is anticipated to draw $2.5 billion in passive inflows into Indias equities markets. HDFC Bank, the highestweighted Indian company at 7.08%, also witnessed an uptick in weighting in the MSCI rebalance. Read More..

B2B Tech News | 1 months ago        

India and UAE Strengthen Cooperation to Combat Money Laundering via Virtual Digital Assets

Indias Financial Intelligence Units FIUs finalised an agreement this week with the United Arab Emirates, strengthening their partnership to fight the

Indias Financial Intelligence Units FIUs finalised an agreement this week with the United Arab Emirates, strengthening their partnership to fight the exploitation of virtual digital assets VDAs for terrorist funding and money laundering. The two countries recognised the growing risk of illegal activity in the VDA sector due to mounting evidence of abuse. The FIU of India, which has been actively regulating the industry since late 2023, will impart its knowledge to the UAE, whose cryptocurrency market is expanding quickly and is worth $2.48 trillion. Key topics covered by both FIUs included publicprivate collaborations and IT systems for preventing money laundering and terrorism funding. With legislative frameworks rapidly changing in places like India and the United Arab Emirates, this endeavour coincides with increased worldwide scrutiny of cryptocurrency transactions. Read More..

B2B Tech News | 1 months ago        

Chinese Official Li Xi Arrives in Nairobi for Key Bilateral Talks with Kenyan President William Ruto

Kenyan President William Ruto greeted Li Xi, a senior Chinese official, as he arrived in Nairobi, Kenya, on Monday for bilateral talks. During the mee

Kenyan President William Ruto greeted Li Xi, a senior Chinese official, as he arrived in Nairobi, Kenya, on Monday for bilateral talks. During the meeting, Ruto reaffirmed Kenyas support for the "One China" policy and the countrys commitment to deepening its strategic engagement with China. Ruto asked China to back Kenyas ambition to join the BRICS group of rising economies, and the two countries are working together on several economic initiatives in Kenya. The BRICS group accounts for approximately 28% of the world economy, which now consists of countries like Brazil, Russia, India, China, South Africa, Egypt, and Ethiopia. Read More..

B2B Tech News | 1 months 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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