Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Japan, ASEAN Plan Joint Strategy for Automobile Production Amid Chinas EV Push

According to reports, Japan and the Association of Southeast Asian Nations ASEAN would cooperate to develop their first cooperative plan for car manuf

According to reports, Japan and the Association of Southeast Asian Nations ASEAN would cooperate to develop their first cooperative plan for car manufacturing and sales in Southeast Asia. The action is a reaction to Chinas growing influence in the electric car industry. The suggested approach is anticipated to be completed by around 2035, with preliminary conversations commencing as early as September during the meeting of ASEAN and Japanese economic ministers. The plan is expected to address issues including hiring qualified staff, decarbonising operations, obtaining mineral resources, and funding new industries like biofuels. Japans Ministry of Economy, Trade, and Industry has obtained 140 billion yen, some of which it intends to use for staff training. Read More..

B2B Tech News | 2 months ago        

Crypto Startup Funding Surges to $2.4 Billion in Q1 2024 PitchBook Data

According to PitchBook statistics, financing for cryptocurrency startups increased to $2.4 billion in the first quarter of 2024 across 518 deals, repr

According to PitchBook statistics, financing for cryptocurrency startups increased to $2.4 billion in the first quarter of 2024 across 518 deals, representing the second consecutive quarterly rise. The first U.S. bitcoin spot ETF was introduced, and forecasts of decreasing interest rates drove this rise, up 40.3% from the previous quarter. Even though market upheavals and economic worries have caused investor trust in digital asset companies to decline since 2022, the legalisation of spot bitcoin ETFs—most notably by Fidelity and BlackRock—boosted the industrys respectability. Blockchain infrastructure and cryptocurrencyfocused startups brought in a lot of money Together, AI closed the biggest deal of $106 million. Analyst Robert Le predicts further merger activity among cryptocurrency exchanges, custodians, and infrastructure providers as the market matures. Read More..

B2B Tech News | 2 months ago        

Raghuram Rajan Sounds Alarm on Indias Demographic Dividend Will Prosperity Match Population Growth?

The former governor of the Reserve Bank of India, Raghuram Rajan, doubts whether India can benefit from its demographic dividend and if its citizens c

The former governor of the Reserve Bank of India, Raghuram Rajan, doubts whether India can benefit from its demographic dividend and if its citizens can grow wealthy before the country matures. Rajan underlined the difficulty of efficiently utilising the substantial number of young people joining the workforce, notwithstanding Indias quick economic development. Despite Indias GDP being higher than that of many industrialised countries, Rajan emphasised the significance of guaranteeing universal prosperity and preventing inequality. He also emphasised that to accomplish meaningful wealth creation, the economy must develop faster than it is now. While acknowledging that Prime Minister Modi has led to infrastructural development, Rajan warned about undervaluing inclusive economic and social progress. Read More..

B2B Tech News | 2 months ago        

Elon Musk Considers EV Battery Plant Offer in Indonesia After Talks with President

After meeting with President Joko Widodo, Elon Musk said he would consider an offer to build an electric car battery facility in Indonesia, according

After meeting with President Joko Widodo, Elon Musk said he would consider an offer to build an electric car battery facility in Indonesia, according to the countrys coordinating minister of investments. Musk and Widodo discussed possible investments, such as building an AI centre and an EV battery facility. The Indonesian government wants to grow the EV industry using its abundant nickel resources. Furthermore, SpaceX has made its Starlink satellite internet service commercially available, which prioritises rural areas. Starlink was initially introduced for Indonesias health sector. The government aims to improve connections, and Musks businesses may contribute to Indonesias technical advancement through investments Read More..

B2B Tech News | 2 months ago        

Arm Holdings Shares Drop 7% After Revenue Forecast Misses Expectations

Arm Holdings shares tumbled almost 7% in extended trade after the companys fullyear sales projection fell short of market expectations. Arm projected

Arm Holdings shares tumbled almost 7% in extended trade after the companys fullyear sales projection fell short of market expectations. Arm projected sales for the first quarter of the current fiscal year at $875 million to $925 million, with a median of $900 million. In contrast, the average analyst estimate for the same period was $857.5 million. Arm also projects sales for the entire year that will fall short of the consensus forecast of $3.99 billion, coming in between $3.8 billion and $4.1 billion, with a median of $3.95 billion. The corporation released a set of guidelines, citing the challenge of scheduling licencing arrangements. Arms revenue increased 47% in the fourth quarter to $928 million, driven by a 37% increase in the royalties section and a 60% growth in the licencing division. Even with wagers on Arms perspective in AI computing, its earnings and profit have seen a different level of benefit than Nvidia, reflected in their respective share prices. Read More..

B2B Tech News | 2 months ago        

TCS CEO K Krithivasans Compensation at Rs 25.36 Crore in FY2324, Lowest Among Major IT Firms

K Krithivasan, the CEO and MD of Tata Consultancy Services TCS, earned the lowest yearly salary of major IT businesses in the fiscal year 2023–2024,

K Krithivasan, the CEO and MD of Tata Consultancy Services TCS, earned the lowest yearly salary of major IT businesses in the fiscal year 2023–2024, at Rs 25.36 crore. A Rs 21 crore commission was part of his deal. Salil Parekh, the CEO of Infosys, made around Rs 56 crore last fiscal year, while Srinivas Pallia, the CEO of Wipro, took home about Rs 50 crore. Despite receiving less money, Krithivasan is concentrated on using Generative Artificial Intelligence Gen AI at TCS. The startup wants to help customers use AI to operate more productively, perform better, and bring about change. Cost reduction, cloud transformation, and vendor consolidation dominated the corporate landscape in FY24, with cloud adoption emerging as a driver of innovation and expansion. Read More..

B2B Tech News | 2 months ago        

Paytm Partners with Epay for Seamless Bill Payment Services Amid Regulatory Changes

To maintain its bill payment services via its app, Paytm has partnered with Epay, the digital payment division of Euronet Worldwide. Paytm used to rel

To maintain its bill payment services via its app, Paytm has partnered with Epay, the digital payment division of Euronet Worldwide. Paytm used to rely on Paytm Payment Bank Limited PPBL, an affiliate company, to provide these services. Per an RBI decision, PPBL was prohibited from providing banking services after February 29, 2024. Later, the deadline was moved to March 15. The RBImandated Bharat Bill Payment System BBPS allows different bill payments via several methods. Epay intervened and used its infrastructure, network connections, and licences to help Paytm resolve this regulatory issue. Prepaid cell airtime, bill payments, Google Play credit, and satellite TV recharges are all part of the cooperation growth. Euronet Worldwide has been offering various payment and transaction processing solutions in India through its subsidiary for over a decade. Read More..

B2B Tech News | 2 months ago        

JPMorgans Australian Arm Fined for Allowing Suspicious Trades in Wheat Futures

The Australian Securities and Investments Commission ASIC has fined J.P. Morgan Securities, the Australian division of JPMorgan, A$775,000 $509,252.50

The Australian Securities and Investments Commission ASIC has fined J.P. Morgan Securities, the Australian division of JPMorgan, A$775,000 $509,252.50 for permitting suspicious customer orders in wheat futures trading that were intended to manipulate the market. The regulator criticised the lack of fast action when detected and labelled the inability to identify these trades as "careless". The management of wheat price variations by farmers, which affects consumer pricing, depends heavily on these futures contracts. JPMorgan paid the fine and did not contest the accusations. Thirtysix orders that ASIC discovered were intended to manipulate the market and affect daily settlement prices between January and March 2022. Sarah Court, deputy chair of ASIC, stressed the practical ramifications and ASICs top priority when combating market manipulation. Read More..

B2B Tech News | 2 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   2253   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2164   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2495   

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.
   2650   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3653   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.