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Indias software exports grow 88.8% in FY22 RBI

According to Reserve Bank of India data released on Thursday, the share of offsite software services exports by Indian IT services companies was 88.8%

According to Reserve Bank of India data released on Thursday, the share of offsite software services exports by Indian IT services companies was 88.8% in the 202122 fiscal year, up from 82.8% five years ago years. Indias exports of software services excluding exports through commercial engagement grew by 17.2% during the fiscal year to USD 156.7 billion. Total exports of software services, including services provided by overseas subsidiaries of Indian companies, rose 15.9% to $171.9 billion in 202122. Local software services in overseas branches totaled $15.2 billion, of which the United States was the main driver. The US share of overseas affiliate software business was 42.5% of total revenue, with the UK accounting for 23.5%. According to the report, the US and Canada were the top software exporters with a share of 55.5%, followed by Europe. Britain accounted for almost half. Read More..

B2B Tech News | 2 years ago        

The Australian market is fueled by an optimistic offshore lead.

The Australian stock market closed in negative territory on Tuesday, September 6, 2022, as riskon sentiment gained support following a positive overni

The Australian stock market closed in negative territory on Tuesday, September 6, 2022, as riskon sentiment gained support following a positive overnight advance on Wall Street. Meanwhile, the buying pressure came as concerns about aggressive currency tightening eased after Reserve Bank of Australia RBA Governor Philip Lowe signaled it would slow rate hikes. At the closing bell, the benchmark S&P/ASX200 rose 119.33 points, or 1.77%, to 6,848.67. Tech stocks rose, outperforming the techfocused Nasdaq, fueled by somewhat subdued comments from major central bankers. Read More..

B2B Tech News | 2 years ago        

Intercom Equipment Market Will Reach $ 44,823.52 Million Worldwide by 2029, Size, Share, Industry Growth Rate, Demand and Revenue Forecast

Data Bridge Market Research has released a recently released comprehensive study titled Global Intercom Devices Market which ensures that you are bett

Data Bridge Market Research has released a recently released comprehensive study titled Global Intercom Devices Market which ensures that you are better informed than your competitors. These parameters range from industry outlook, currency and price, value chain analysis, market overview, premium info and key information to company profile of major players of the market. Data Bridge Market Research analyzes that the Intercom Devices Market is expected to reach USD 44,823.52 Million by 2029 with a CAGR of 12.1% over the forecast period. Audio/Video represents the most important communication segment, as this type of communication is in demand and the best option to increase security. The Intercom Devices Market report also includes price analysis, patent analysis and technological advancement in detail. Read More..

B2B Tech News | 2 years ago        

North America 5G Network Deployment and Towers Market Report 2022 Growing 5G Industry Adoption Opens Opportunities

The North America 5G network and tower deployment market is expected to reach $7.197 billion by 2028. It is expected to register a CAGR of 11.9% durin

The North America 5G network and tower deployment market is expected to reach $7.197 billion by 2028. It is expected to register a CAGR of 11.9% during the period 20222028. Population growth in the region is affecting an increasing number of subscribers for smartphones and mobile devices. North America is one of the strongest geographical regions in terms of economic strength and stability, mainly due to the presence of developed countries such as the United States and Canada. The growing population in this region and the rise in the number of smartphones among them will increase the demand for 5G network services. Read More..

B2B Tech News | 2 years ago        

Gazprom gas goes to Europe via Ukraine on Wednesday

Gazprom GAZP.MM said it would send 42.3 million cubic meters million cubic meters of gas to Europe via Ukraine on Wednesday, compared with 42.4 mill

Gazprom GAZP.MM said it would send 42.3 million cubic meters million cubic meters of gas to Europe via Ukraine on Wednesday, compared with 42.4 million cubic meters on Tuesday. Read More..

B2B Tech News | 2 years ago        

Egypt Detects First Monkeypox Case

Egypts Ministry of Health said in a statement on Wednesday that it had confirmed the first case of monkeypox, an Egyptian male living in a European

Egypts Ministry of Health said in a statement on Wednesday that it had confirmed the first case of monkeypox, an Egyptian male living in a European country. 42 men were hospitalized and are in stable condition, the report said. Read More..

B2B Tech News | 2 years ago        

The CHIPS Act first took effect and made headlines of the week

The $280 billion CHIPS Act includes incentives that American semiconductor firms that accept are not allowed to conduct business in China for ten year

The $280 billion CHIPS Act includes incentives that American semiconductor firms that accept are not allowed to conduct business in China for ten years. These businesses wont be permitted to make investments in China, create cuttingedge technologies there, or export cuttingedge technologies to China. Beginning on October 1, Microsoft announced it would phase out Basic Auth, a venerable HTTPbased authentication technique used by a number of Exchange Online protocols. Read More..

B2B Tech News | 2 years ago        

The US embargo on Nvidia and AMD chips is seen as a boost to Chinese rivals

The top artificial intelligence chips from Nvidia and AMD are no longer allowed to be exported to China. Analysts see a chance for Chinese entrepreneu

The top artificial intelligence chips from Nvidia and AMD are no longer allowed to be exported to China. Analysts see a chance for Chinese entrepreneurs vying for market share in data centre chips. The emergence of AI chip startups may jeopardise American efforts to stop China from developing the necessary computing equipment for military use. The largest companies in China have raised $2.5 billion in the last several years, including funds backed by the Shanghai government and Hillhouse Capital. Chinese companies, including Cambricon, PingTouGe from Alibaba Group, and Denglin Technology, are all working on AI alternatives. Read More..

B2B Tech News | 2 years 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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