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Siemens Stock Soars Amid Legal GST Clash

Following a fiveday decrease, Siemens Ltds shares saw a 1% increase to Rs 3,442 on October 25. This was in response to the companys writ appeal, which

Following a fiveday decrease, Siemens Ltds shares saw a 1% increase to Rs 3,442 on October 25. This was in response to the companys writ appeal, which it filed with the Bombay High Court to challenge a showcause notice SCN under the CGST Act, 2017. The SCN concerns leasehold interests in Mumbai land and freehold interests in buildings concerning GST levies the total possible tax and interest consequences come to Rs 245.9 crore. The State of Maharashtra, the Department of Revenue, and the Ministry of Finance are parties to the legal battle. Siemens stated that it was confident in its defence, although, on the NSE, its shares had just dropped by over 8%. Read More..

B2B Tech News | 2 years ago        

Australian Inflation Surge Fuels Rate Hike Speculation

The Australian Bureau of Statistics released unexpected Q3 statistics that showed inflation had risen by 1.2% above expectations, making the annual ra

The Australian Bureau of Statistics released unexpected Q3 statistics that showed inflation had risen by 1.2% above expectations, making the annual rate 5.4%. The spike sparked rumours that the Reserve Bank of Australia RBA might raise interest rates next month futures were pricing in a 66% possibility of a quarterpoint increase to 4.35%. Big banks like ANZ and Commonwealth Bank of Australia gave up on their rate pause beliefs and predicted an increase in November. The RBA is doing this in an effort to alleviate ongoing cost concerns. Experts anticipate that inflation will continue to exceed target, which might result in more rate hikes and a peak at 4.35%. Read More..

B2B Tech News | 2 years ago        

Japan Fair Trade Commission Probes Google for Monopoly Practices

Following in the footsteps of regulators in Europe and other major economies, the Japan Fair Trade Commission JFTC has opened an inquiry into Google f

Following in the footsteps of regulators in Europe and other major economies, the Japan Fair Trade Commission JFTC has opened an inquiry into Google for potential violations of antimonopoly laws pertaining to web search services. Investigating whether Googles revenuesharing agreements with Android smartphone makers—which are conditioned on their refraining from installing competing search engines—violate Japans Antimonopoly Act is the JFTC. The inquiry also looks at Googles policy of requiring the installation of the "Google Play" app together with its "Google Search" and "Google Chrome" browsers on Android smartphones. The fairness of competition and the exclusion of competitors in the market for search services are issues that worry the JFTC. This investigation is similar to one that US and EU regulators have been conducting. Read More..

B2B Tech News | 2 years ago        

ByteDance Firmly Commits to Picos VR Business Amidst Market Competition

The parent company of TikTok, ByteDance, has denied rumours that it is closing down Pico, its virtual reality division, and has reaffirmed its longter

The parent company of TikTok, ByteDance, has denied rumours that it is closing down Pico, its virtual reality division, and has reaffirmed its longterm commitment to the extended reality XR market. Previous rumours mentioned ByteDances slow withdrawal from the Pico name. With over 58% of the market, Picos VR headsets are a significant competitor to Metas Quest devices in China. ByteDance declared that they would keep investing in product technological advancement. Early this year, Pico reduced its employment, indicating potential problems. In August 2021, among the fervour surrounding the metaverse, ByteDance bought Pico. However, since then, there has been a deceleration in the sales of AR and VR headsets. Read More..

B2B Tech News | 2 years ago        

Logitech Soars with Strong Q2 Results and Raised Guidance

With impressive Q2 performance, Logitech International increased its fullyear expectations. The AmericanSwiss company that makes computer accessories,

With impressive Q2 performance, Logitech International increased its fullyear expectations. The AmericanSwiss company that makes computer accessories, best known for keyboards and cameras, witnessed a sharp rebound in Q2 sales compared to the previous quarters 16% loss. This led to a 12% decline in H1 sales which was better than anticipated. For the second quarter, Logitechs nonGAAP operating income climbed by 17% as profit increased and costs decreased. Consequently, the business increased its forecast for both revenues and profits for the entire year, projecting $4 billion to $4.15 billion in sales and $525 million to $575 million in nonGAAP operating income. A new CEO for Logitech is about to be chosen in light of Bracken Darrells exit. Read More..

B2B Tech News | 2 years ago        

Amazon, Intel, and More Exit Web Summit Over Organisers Remarks

After Paddy Cosgrave Irish entrepreneur, the events organiser made contentious remarks about Israel, Amazon opted not to attend the Lisbon November We

After Paddy Cosgrave Irish entrepreneur, the events organiser made contentious remarks about Israel, Amazon opted not to attend the Lisbon November Web Summit technology conference. One of the vice presidents of the companys cloud computing subsidiary, Amazon Web Services AWS, was initially scheduled to speak at the conference and was identified as a partner. The parent company of Google, Alphabet, Intel, Siemens AG, and Meta Platforms previously Facebook are among the other corporations that have withdrawn from the event in reaction to the remarks. Later on, Cosgrave expressed regret for his words and acknowledged the damage they had caused. In reaction to the remarks, Israeli investors have also demanded that the conference be boycotted. Read More..

B2B Tech News | 2 years ago        

Africa Unleashes Floating Liquefied Natural Gas Revolution

Africa is leading the world in constructing floating liquefied natural gas FLNG plants as its nations strive to swiftly and economically supply the gr

Africa is leading the world in constructing floating liquefied natural gas FLNG plants as its nations strive to swiftly and economically supply the growing demand for LNG in Europe. This expansion on Africas east and west coastlines is being driven by energy firms such as BP, Eni, and UTM Offshore, Nigeria. Africa now exports 40 million tonnes of petrol annually by 2027, 10.2 million tonnes more FLNG capacity is anticipated. FLNG facilities avoid the costs and concerns of onshore infrastructure by enabling economical offshore gas processing. Africa will play a significant role in FLNG expansion due to cheaper project costs and faster completion timeframes. Read More..

B2B Tech News | 2 years ago        

Toyota Fights for Green Driving, Lobbying to Lower Taxes on Hybrid Cars

Toyota Motor of Japan is pressuring the Indian government to drop taxes on hybrid cars by as much as 20%, arguing that because they are less harmful t

Toyota Motor of Japan is pressuring the Indian government to drop taxes on hybrid cars by as much as 20%, arguing that because they are less harmful to the environment than gasolinepowered vehicles, they should be treated more kindly. In India, the tax on hybrid cars is now 43%, whereas the tax on electric cars EVs is only 5%. Toyota contends that considering their lower emissions and superior fuel economy, hybrid vehicles should not only receive a 5% tax benefit over gasolinepowered vehicles. The carmaker recommends a 37% tax rate for hybrid vehicles, which may result in a 14% reduction. Toyota also demands incentives for hybrid cars, as Indias existing regulations only allow for electric vehicles. Read More..

B2B Tech News | 2 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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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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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.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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