Header-template

 Global News

Subscribe our Newsletter

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

BUSINESS NEWS

Fire at Tata Group’s Hosur Plant Halts iPhone Production, Threatens Apple’s Festive Season Sales

Apples capacity to satisfy demand ahead of Indias holiday season has been impacted by an extended production standstill caused by a fire at Tata Group

Apples capacity to satisfy demand ahead of Indias holiday season has been impacted by an extended production standstill caused by a fire at Tata Groups iPhone component facility in Hosur, Tamil Nadu. The plant—which provides back panels and other parts for iPhone models—is essential for domestic assembly and exports. According to analysts, this may potentially disrupt up to 15% of Apples projected 1.5 million iPhone 14 and 15 sales in India. Even though Apple could have accumulated parts, a protracted ban might compel the business to purchase parts from China. This event may put Tatas ambitions for more iPhone production growth on hold and show the difficulties facing Indias electronics manufacturing industry despite efforts to draw in international investment. Read More..

B2B Tech News | 2 months ago        

Piyush Goyal Engages US Investors, Highlights Indias Growth and Investment Opportunities

While in New York, Indian Commerce and Industry Minister Piyush Goyal met with prominent US investors, such as Warburg Pincus President Timothy F. Gei

While in New York, Indian Commerce and Industry Minister Piyush Goyal met with prominent US investors, such as Warburg Pincus President Timothy F. Geithner, Blackstone CEO Stephen Schwarzman, and KKR cofounder Henry R. Kravis, ahead of bilateral discussions in Washington, DC. Goyal invited US companies to join Indias economic success story by highlighting the countrys gains and investment prospects, especially in hightech manufacturing, electronics, and logistics. Under Prime Minister Modis direction, he highlighted policies that have made conducting business in India easier. Goyal is cochairing the IndiaUSA Commercial Dialogue alongside US Commerce Secretary Gina Raimondo to strengthen bilateral economic relations and draw longterm investment to India. Read More..

B2B Tech News | 2 months ago        

India and France Boost Defense Ties NSA Doval Discusses Rafale Jets, Submarines in Paris

Ajit Doval, the national security adviser for India, recently travelled to Paris to talk with President Emmanuel Macron and Sébastien Lecornu, the mi

Ajit Doval, the national security adviser for India, recently travelled to Paris to talk with President Emmanuel Macron and Sébastien Lecornu, the minister of the armed forces, on essential defence cooperation. Important subjects included Indias intention to procure three more Kalvariclass submarines, a version of the French Scorpene submarines, and intentions to purchase 26 Rafale Marine combat planes for the Indian Navy. The talks also covered the changing global geopolitical environment and the current war in Ukraine. As both countries work to deepen their connections in the IndoPacific region, Doval highlighted the strategic alliance between France and India, which aligns with the “Horizon 2047 roadmap” for collaboration in several fields, including defence and space. Read More..

B2B Tech News | 2 months ago        

SoftBanks Vision Fund to Invest $500 Million in OpenAIs $6.5 Billion Funding Round

According to a report by The Information, $500 million will be invested by SoftBanks Vision Fund in OpenAIs most recent investment round, which intend

According to a report by The Information, $500 million will be invested by SoftBanks Vision Fund in OpenAIs most recent investment round, which intends to raise $6.5 billion through convertible notes. With this investment, SoftBank entered the AI startup headed by Sam Altman for the first time. Currently, OpenAI is valued at $150 billion if it can reorganise its corporate structure and do away with an investor profit ceiling. Notably, it has been stated that Apple has decided not to participate in this big fundraising round. By reorganising, OpenAI hopes to increase investor returns and profitability by becoming a forprofit company that is not dependent on its nonprofit board. Read More..

B2B Tech News | 2 months ago        

Cerebras Systems Reports 300% Revenue Surge in 2023 Amid AI Demand, Plans IPO

In its preparations for a U.S. initial public offering IPO, Cerebras Systems forecast an impressive tripling of its yearly income for 2023. The artifi

In its preparations for a U.S. initial public offering IPO, Cerebras Systems forecast an impressive tripling of its yearly income for 2023. The artificial intelligence chip startup credited its success to the growing demand from semiconductor manufacturers for AI applications like ChatGPT. Remarkably, Nvidia has more than quadrupled in value this year, momentarily overtaking Microsoft as the most valuable corporation in the world. Cerebrass IPO will gauge investor enthusiasm for AI investments, notwithstanding some investor scepticism about the AI stock bubble. For the year ending 31 December 2023, the Sunnyvale, Californiabased company brought in $78.74 million in sales, up from $24.62 million in 2022. At the same time, its net loss decreased to $127.16 million from $177.72 million. Read More..

B2B Tech News | 2 months ago        

Suez Canal Revenues Plummet 60% Amid Houthi Attacks, Causing $6 Billion in Losses

In response to interruptions brought on by Houthi strikes in the Red Sea, Egyptian President Abdel Fattah elSissi declared a sharp 60% drop in Suez Ca

In response to interruptions brought on by Houthi strikes in the Red Sea, Egyptian President Abdel Fattah elSissi declared a sharp 60% drop in Suez Canal income, or over $6 billion in damages. At a Cairo Police Academy graduation ceremony, ElSissi emphasised the gravity of the situation and cautioned that continuing confrontations might further destabilise the area. Shipping firms have redirected their vessels to avoid the Red Sea through the Suez Canal, a vital source of foreign exchange for Egypt. Tensions have escalated as the Houthis have declared their intention to strike ships connected to Israel. ElSissi issued a dire warning with global implications if the existing status quo continues. Read More..

B2B Tech News | 2 months ago        

Qatar Airways Set to Acquire 25% Stake in Virgin Australia, Boosting Competition with Qantas

To upend Qantas Airways QAN.AX in the Australian market, Qatar Airways plans to purchase a 25% share in Virgin Australia from American private equity

To upend Qantas Airways QAN.AX in the Australian market, Qatar Airways plans to purchase a 25% share in Virgin Australia from American private equity company Bain Capital. The Australian government, which has previously refused Qatar more flying rights to critical cities like Sydney and Melbourne, must approve the contract, the financial specifics of which are still unknown. Jayne Hrdlicka, CEO of Virgin Australia, underlined that by gaining access to Qatars size and experience, this alliance will strengthen the airlines competitive edge. Qantas shares dropped 4.3% after the announcement. With regulatory permission, Virgin Australia intends to launch flights to Doha by the middle of 2025 from vital Australian cities. In addition, Cathay Pacific and the parent business of British Airways are owned by Qatar Airways. Read More..

B2B Tech News | 2 months ago        

Nio Partners with UK Startup Monolith to Revolutionize EV Battery Packs in Europe

To improve electric car battery packs throughout Europe, Nio and UKbased AI software firm Monolith have established a collaboration. With intentions t

To improve electric car battery packs throughout Europe, Nio and UKbased AI software firm Monolith have established a collaboration. With intentions to extend to China and enable interaction with other Chinese manufacturers, the partnership intends to start testing in five European markets. Monolith focuses on battery development and uses machine learning algorithms to close the gap between Western automakers and their Chinese rivals. Monolith works with leading manufacturers such as MercedesBenz, BMW, and Honda. With only a few minutes, consumers may evaluate the performance and endurance of batteries in realtime by using Nios unique batteryswapping service. With the help of investors like Pentech and Insight Partners, Monolith has raised about $22 million in capital. 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.
   3975   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2747   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3030   

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.
   3200   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4217   



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.