BUSINESS NEWS
Union Budget 202526 India Launches Centre of Excellence in AI for Education and Deep Tech Fund
The Union Budget 2025–2026 has revealed important projects to boost deep tech and artificial intelligence innovation, supporting Indias ambition to
The Union Budget 2025–2026 has revealed important projects to boost deep tech and artificial intelligence innovation, supporting Indias ambition to become a worldwide leader in technology. Finance Minister Nirmala Sitharaman made a ₹500 crore commitment to establish a Deep Tech Fund to assist entrepreneurs and a Centre of Excellence in AI for Education. By incorporating AI into the classroom, this project aims to enhance learning outcomes and equip students for difficulties in the future. Puneet Chandok, president of Microsoft India, praised the budgets emphasis on AI and emphasised the companys $3 billion investment in Indias AI ecosystem and its partnership to train 500,000 people by 2026. To encourage Indias use of AI and lessen its dependency on foreign technology, the Deep Tech Fund supports robotics, semiconductors, and artificial intelligence entrepreneurs. B2B Tech News | 4 months ago
Ontario Premier Doug Ford Pauses Retaliatory Measures Against U.S. After Tariff Postponement
After President Donald Trump postponed duties on Canadian imports for 30 days, Ontario Premier Doug Ford halted several retaliatory actions against th
After President Donald Trump postponed duties on Canadian imports for 30 days, Ontario Premier Doug Ford halted several retaliatory actions against the U.S., including the cancellation of a C$100 million contract with Elon Musks Starlink. At first, Ford planned to compel the removal of American goods from liquor store shelves and prohibit U.S. corporations from provincial agreements. He underlined that this halt helps avoid serious economic harm and permits further negotiations. The Starlink agreement allowed fifteen thousand distant homes and businesses highspeed internet connections. However, with Prime Minister Justin Trudeau proposing 25% tariffs on C$155 billion worth of U.S. goods, Ford cautioned that the continued ambiguity in the commercial relationship with the U.S. could endanger possible developments in Ontario. B2B Tech News | 4 months ago
Malaysia to Strengthen Trade Relations with China, Russia, and Brazil Amid U.S. Tariff Uncertainty
Malaysian Prime Minister Anwar Ibrahim declared that instead of waiting for possible U.S. trade penalties to pass, the nation would aggressively impro
Malaysian Prime Minister Anwar Ibrahim declared that instead of waiting for possible U.S. trade penalties to pass, the nation would aggressively improve economic ties with countries like China, Russia, and Brazil. Anwar pointed out during a parliamentary session that waiting for U.S. tariffs could have a detrimental effect on Malaysia, particularly in light of the uncertainties surrounding President Donald Trumps temporary suspension of duties on Canada and Mexico. Anwar emphasised the importance of Malaysia taking aggressive and cautious steps to broaden its network of trading partners, given the ongoing U.S. tariffs on China and the geopolitical uncertainties that impact global trade dynamics. B2B Tech News | 4 months ago
OpenAI Partners with Kakao to Develop AI Products in South Korea
This week, OpenAI revealed its second major Asian partnership a collaboration to build artificial intelligence products with Kakao of South Korea. CEO
This week, OpenAI revealed its second major Asian partnership a collaboration to build artificial intelligence products with Kakao of South Korea. CEO Sam Altman is in the region to meet with Indian Prime Minister Narendra Modi, who has announced a partnership with Japans SoftBank Group. With a focus on AI and communications, Kakao, the company behind the popular messaging app KakaoTalk, wants to include OpenAIs technology in its offerings. Altman emphasised the value of Korean businesses contributions to the Stargate data centre project in the United States. Additionally, he met with SK Group and intends to meet with Samsungs head. With significant investment, the South Korean government hopes to establish a national AI computing centre. After the news, Kakaos stock increased. B2B Tech News | 4 months ago
Finance Minister Nirmala Sitharaman Unveils BharatTradeNet to Streamline Trade Documentation
BharatTradeNet BTN, a single digital network created to expedite trade documentation and funding, was unveiled by Finance Minister Nirmala Sitharaman
BharatTradeNet BTN, a single digital network created to expedite trade documentation and funding, was unveiled by Finance Minister Nirmala Sitharaman in the Union Budget 2025. BTN seeks to integrate essential parties, such as exporters, banks, the Directorate General of Foreign Trade, customs, and the Goods and Services Tax Network, to eliminate paperbased procedures and lower traderelated expenses. Furthermore, ₹2,250 crore has been suggested for an Export Promotion Mission. The ministries of finance, micro, small and mediumsized businesses MSME, and trade and industry will work together to advance this aim. It seeks to make export finance accessible, boost crossborder factoring, and help MSMEs deal with nontariff trade restrictions in foreign markets. B2B Tech News | 4 months ago
Ecuador and Canada Finalize Trade Agreement to Boost Job Growth Across Multiple Sectors
After months of negotiations, Ecuadorean President Daniel Noboa declared on social media that a new trade agreement was finalised between Ecuador and
After months of negotiations, Ecuadorean President Daniel Noboa declared on social media that a new trade agreement was finalised between Ecuador and Canada. The deal is anticipated to boost job development in several industries, including flowers, canned tuna, textiles, and auto components. To establish a more sustainable and fair trade partnership, Noboa emphasised that the agreement contains pledges from both nations respecting labour and environmental policy. B2B Tech News | 4 months ago
SoftBank and OpenAI Form Joint Venture to Deliver AI Solutions to Japanese Corporates
Masayoshi Son, the CEO of SoftBank Group, and Sam Altman, the CEO of OpenAI, unveiled a new joint venture on Monday that will offer artificial intelli
Masayoshi Son, the CEO of SoftBank Group, and Sam Altman, the CEO of OpenAI, unveiled a new joint venture on Monday that will offer artificial intelligence services to Japanese business clients. This partnership is a component of SoftBanks more significant intention to invest $15 billion to $25 billion in OpenAI. In addition, SoftBank is investing $15 billion in a joint venture called Stargate, which will be partnered with OpenAI and Oracle to improve AI capabilities in the United States. Son made his second public appearance besides Donald Trump since his election as president earlier that month when the Stargate initiative was introduced. This week, Japanese Prime Minister Shigeru Ishiba is set to meet Trump for the first time. B2B Tech News | 4 months ago
India’s Review of Crypto Policies Follows U.S. Move to Regulate Digital Assets
According to Economic Affairs Secretary Ajay Seth, India is reevaluating its stance on cryptocurrencies in light of shifting worldwide perceptions of
According to Economic Affairs Secretary Ajay Seth, India is reevaluating its stance on cryptocurrencies in light of shifting worldwide perceptions of virtual assets. The U.S., where President Donald Trump proposed the creation of a cryptocurrency working group to regulate digital assets and investigate a national cryptocurrency stockpile, is one of the countries that has recently implemented cryptofriendly regulations. Seth underlined that as cryptocurrencies are international assets, Indias stance cannot be unilateral. Indian investors are still using cryptocurrencies despite strict laws and steep trade taxes. In contrast to the central banks warnings about the economic hazards posed by offshore exchanges, the Financial Intelligence Unit FIU has taken action against them for noncompliance, and last year, Indias market regulator expressed a willingness to allow private virtual assets. B2B Tech News | 4 months agoGet The News to use newsletter to
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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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