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United Nations Forecasts Indias GDP Growth at 6.2% in 2024

According to UN estimates, Indias GDP is expected to rise by 6.2% in 2024, with strong manufacturing and services sectors and strong domestic demand.

According to UN estimates, Indias GDP is expected to rise by 6.2% in 2024, with strong manufacturing and services sectors and strong domestic demand. With a predicted GDP growth of 6.6% by 2025, Indias economy continues to be the fastestgrowing major economy in the world. Public solid investment and resilient private consumption are identified in the study as key drivers. The UN is upbeat despite worries about unpredictable rains harming agriculture because of Indias steady economic growth. The research supports Indias robust GDP prognosis by predicting a slowdown in inflation and highlighting improvements in labour market indicators, such as rising labour force participation and falling unemployment rates. Read More..

B2B Tech News | 1 years ago        

BAE Systems to Restart Production of M777 Howitzer Structures with $50 Million Deal

After negotiating an initial order worth up to $50 million with the U.S. Army, BAE Systems announced intentions to restart the manufacture of structur

After negotiating an initial order worth up to $50 million with the U.S. Army, BAE Systems announced intentions to restart the manufacture of structures for its lightweight howitzer, the M777. The United States, Canada, and Australia have provided M777 howitzers to Ukraine. The titanium structures will be manufactured by BAE Systems in partnership with its suppliers in the United States and the United Kingdom, with delivery anticipated to start in 2025. According to the manufacturer, Europe, Asia, and the Americas have shown a greater interest in the M777 gun system. Restarting production is in line with the M777 howitzer activities in Ukraine. Read More..

B2B Tech News | 1 years ago        

Perplexity AI Secures $73.6 Million Funding Round Led by IVP, Including Jeff Bezos and Nvidia

The search firm Perplexity AI has secured $73.6 million in a fundraising round headed by IVP and including investors Jeff Bezos and Nvidia. Users may

The search firm Perplexity AI has secured $73.6 million in a fundraising round headed by IVP and including investors Jeff Bezos and Nvidia. Users may get immediate responses to their queries, references, and citations using the companys search capabilities. Large language models LLMs from several sources, such as OpenAI and Metas Llama opensource model, are used. With its emphasis on optimising many highperforming AI models, Perplexity AI seeks to disrupt the existing quo despite Googles hegemony in the online search industry. The money will go towards expanding the companys workforce and improving its product line. Read More..

B2B Tech News | 1 years ago        

Brookfield Asset Management to Acquire American Towers Indian Operations for $2.5 Billion

With the $2.5 billion acquisition of American Towers Indian business, Brookfield Asset Management will become Indias largest telecom tower operator. A

With the $2.5 billion acquisition of American Towers Indian business, Brookfield Asset Management will become Indias largest telecom tower operator. About 77,000 American towers across the nation are included in the agreement. After four years, this will be Brookfields third acquisition in India. Because of difficulties stemming from Vodafone Idea, its largest client, not being able to pay its debts, American Tower has been contemplating the sale of its business in India for about a year. Approximately 157,000 telecom towers in India are managed by Brookfield via its affiliated Data Infrastructure Trust. It is anticipated that the deal will be finalised in the latter part of 2024. Read More..

B2B Tech News | 1 years ago        

LONGi Inks 576 MW Solar Technology Deal for Romanian Project with Nofar Energy

A 576 MW technology sales deal has been inked by Israeli company Nofar Energy and Chinese solar panel manufacturer LONGi for a solar project in Romani

A 576 MW technology sales deal has been inked by Israeli company Nofar Energy and Chinese solar panel manufacturer LONGi for a solar project in Romania. This agreement is the biggest of its sort ever inked in Romania. The project is scheduled to start construction this year and go into service in 2025, utilising LONGi machinery. The initiative comes after Nofar Energy purchased the biggest solar park in Romania last year, located in Corbii Mari, Dâmboviţa County. With a 255 MW capacity, the Corbii Mari project is an extension of Nofar Energys 2021 deal for a 153 MW solar park in Răteşti, Argeş County. Read More..

B2B Tech News | 1 years ago        

Telecom Egypt Raises Landline Internet Prices Citing Operational Costs

Since January 5, Telecom Egypt has announced a price hike for its landline internet packages, citing the necessity to maintain services in the face of

Since January 5, Telecom Egypt has announced a price hike for its landline internet packages, citing the necessity to maintain services in the face of growing operating expenses. The nations top telecom provider, the business, will help facilitate remote study and lessen the burden on pupils by providing free access to educational websites. As the corporation deals with growing operating expenditures, the pricing modifications include hikes for various internet packages, ranging in size from 140 GB to 1 TB. This action comes after recent hikes in Egypts mobile phone, metro, and power rates. Read More..

B2B Tech News | 1 years ago        

U.S. Removes Uganda and Three Other African Nations from AGOA Trade Program

Uganda and three other African nations—the Central African Republic, Gabon, and Niger—were kicked out of the African Growth and Opportunity Act AG

Uganda and three other African nations—the Central African Republic, Gabon, and Niger—were kicked out of the African Growth and Opportunity Act AGOA by the United States at the end of December. This choice may significantly affect Ugandas economy as it will limit the countrys capacity to export specific goods to the US taxfree. Under AGOA, qualifying subSaharan African nations can import more than 1,800 goods dutyfree from the US. After passing the contentious AntiHomosexuality Act last year, which raised questions about potential human rights abuses, Uganda was kicked out of AGOA. Read More..

B2B Tech News | 1 years ago        

U.S. Chip Stocks, Including AMD and Qualcomm, Decline Amid Broader Market Trends

The PHLX semiconductor index fell 2.1% as a result of decreases in U.S. chip companies, notably Advanced Micro Devices AMD, Qualcomm QCOM, and Broadco

The PHLX semiconductor index fell 2.1% as a result of decreases in U.S. chip companies, notably Advanced Micro Devices AMD, Qualcomm QCOM, and Broadcom AVGO. Since December 27, when the index hit a record high, it has decreased by over 7%. As investors wait to learn more about interest rate policy from the Federal Reserves December meeting minutes, this dip is part of a more significant trend on Wall Street. Anticipations of interest rate decreases and excitement regarding artificial intelligence caused the PHLX semiconductor index to rise by 65% in 2023. Leading AIrelated chip maker Nvidia had a quadruple increase in stock market value in 2023. Read More..

B2B Tech News | 1 years ago        



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