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Economic Leadership Indias 7% GDP Growth Leads G20 Economies

During her postbudget news conference, Finance Minister Nirmala Sitharaman emphasized these fundamental tenets Utilizing technology to increase ef

During her postbudget news conference, Finance Minister Nirmala Sitharaman emphasized these fundamental tenets Utilizing technology to increase efficiency. Building infrastructure. Promoting social justice as a means of successful government. India tops the G20 economies with three years of GDP growth at a rate of 7%. Sitharaman emphasized reducing the fiscal deficit, properly managing the economy despite obstacles, and guaranteeing that government capital expenditures—particularly infrastructure—continue. Notwithstanding the turbulence in the Red Sea, the IndiaMiddle EastEuropean Corridor IMEC project will continue. Other important factors include A commitment to fiscal consolidation that exceeds earlier objectives. The withdrawal of outstanding modest direct tax requests. The nonextension of reduced tax rates for new industrial units after March 2024. In addition, the Finance Minister recommended reconsidering the Centers 40% debttoGDP ratio goal, Read More..

B2B Tech News | 2 months ago        

Intel Faces Delay in $20 Billion Ohio Chipmaking Project

According to reports, Intel is postponing the $20 billion chipmaking project in Ohios building schedule because of market difficulties and a sluggish

According to reports, Intel is postponing the $20 billion chipmaking project in Ohios building schedule because of market difficulties and a sluggish distribution of federal grants. Chip manufacture was first scheduled to begin next year, but facilities will be finished by late 2026. A representative for Intel said that the business is dedicated to completing the project even with its revised schedule. Intel has estimated Q1 revenue below market projections due to the uncertain demand for conventional servers and PC processors, which has caused the delay. The demand for Intels core data centre solutions has been hurt by the move in expenditure into AI data servers, which Nvidia and AMD dominate. Read More..

B2B Tech News | 2 months ago        

Atlassian Beats Revenue Expectations with 21% Growth in Q2

The company that makes corporate software, Atlassian, reported revenue for the second quarter of 2021 that was 21% more than projected, coming in at $

The company that makes corporate software, Atlassian, reported revenue for the second quarter of 2021 that was 21% more than projected, coming in at $1.06 billion. The spike aided the impressive success in demand for its artificial intelligence solutions brought on by companies digitising their processes and moving to the cloud. Earnings per share for the corporation in the second quarter were 73 cents, more than the expected 62 cents. With over 300,000 users, Atlassian offers software for project and planning called Jira and content creation tools called Confluence. The business expects sales for the third quarter to be between $1.09 billion and $1.11 billion, more than the $1.07 billion predicted by the market. Read More..

B2B Tech News | 2 months ago        

El Salvador Confirms Bitcoin Will Remain Legal Tender Despite IMFs Request

During President Nayib Bukeles second term, El Salvadors Vice President, Felix Ulloa, stated that Bitcoin would continue to be accepted as legal money

During President Nayib Bukeles second term, El Salvadors Vice President, Felix Ulloa, stated that Bitcoin would continue to be accepted as legal money in the nation. Following a request from the International Monetary Fund IMF that El Salvador "reconsider" the acceptance of Bitcoin during loan talks, this declaration was made. According to Ulloa, the government is confident about its decision, strengthened by the recent approval of U.S.listed ExchangeTraded Funds ETFs that track Bitcoin by the Securities and Exchange Commission SEC. In September 2021, El Salvador became the first nation to recognise Bitcoin as legal money. Read More..

B2B Tech News | 2 months ago        

Elon Musks $56 Billion Pay Package Invalidated by Delaware Court

A Delaware court declared Elon Musks $56 billion 2018 compensation package illegal, raising concerns about Teslas future leadership and governance. Th

A Delaware court declared Elon Musks $56 billion 2018 compensation package illegal, raising concerns about Teslas future leadership and governance. The compensation plan, which granted Musk options valued at over $51 billion, was deemed unjust to shareholders by the court, raising concerns about the boards independence at Tesla. The court expressed worries about the boards lack of control over Musk and called for a review of the method used to determine remuneration. Musk has yet to state how he would respond to the decision, although it seems probable that he will appeal. The decision triggered discussions on the necessity of additional independent board members and potential difficulties in arranging a replacement package. Read More..

B2B Tech News | 2 months ago        

Regulatory Woes Paytm Payments Bank Banned from Accepting New Funds by RBI

Paytm Payments Bank has received instructions from the Reserve Bank of India RBI to cease taking new deposits and money in its wallets and accounts as

Paytm Payments Bank has received instructions from the Reserve Bank of India RBI to cease taking new deposits and money in its wallets and accounts as of March. This action comes after the RBI decided in 2022 to stop adding new customers to the bank. The most recent instruction was brought about by ongoing noncompliance and supervisory issues discovered during an audit. According to Paytm, the RBIs move wont impact deposits made by current users, and it will abide by the directive. The change is anticipated to affect Paytms business operations negatively and give rise to worries about regulatory monitoring in Indias fintech industry. Read More..

B2B Tech News | 2 months ago        

AMD Boosts AI Processor Forecast to $3.5 Billion for 2024

The chip manufacturer AMD Advanced Micro Devices has raised its estimate for Artificial Intelligence AI processors to $3.5 billion overall by $1.5 bil

The chip manufacturer AMD Advanced Micro Devices has raised its estimate for Artificial Intelligence AI processors to $3.5 billion overall by $1.5 billion by 2024. The tripling of AI processor estimates did not meet Wall Streets lofty standards, though, and investors were unhappy. AMDs total sales for the fourth quarter came to $6.17 billion, a little more than the $6.12 billion experts had predicted. Although the AI area performed well, there were worries about the programmable chip markets fragility and a decline in gaming income. Read More..

B2B Tech News | 2 months ago        

Rakuten Group Set to Issue $1.8 Billion in 3Year Senior Notes

The Japanese ecommerce giant Rakuten Group 4755.T revealed intentions to issue $1.8 billion in 3year senior notes with an interest rate of 11.25% in U

The Japanese ecommerce giant Rakuten Group 4755.T revealed intentions to issue $1.8 billion in 3year senior notes with an interest rate of 11.25% in U.S. dollars. With a total principal outstanding of $1.75 billion, the money raised will be utilised to fully buy back the companys 10.25% senior notes and 3.546% senior notes, both of which are due in 2024. The corporation increased its tender offers to cover all outstanding notes of both series and the ones it had previously made to repurchase them. Read More..

B2B Tech News | 2 months ago        



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Refresh Your Facts

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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