Header-template

 Global News

Subscribe our Newsletter

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

BUSINESS NEWS

Alphabet Reports Strong Q3 Results Cloud Revenue Surges 35%, YouTube Ad Sales Boosted by Elections

Alphabet Inc., the parent company of Google, announced an excellent third quarter, with a 35% gain in its cloud business and higher YouTube ad revenue

Alphabet Inc., the parent company of Google, announced an excellent third quarter, with a 35% gain in its cloud business and higher YouTube ad revenue, especially due to electionrelated expenditure. Alphabet exceeded sales and profit projections, while the Search division grew by 12%, causing shares to rise by about 6% in aftermarket trade. As a result of further investments in AI, new CFO Anat Ashkenazi predicted that capital expenditures will surpass 2024 levels. Alphabets cloud sales climbed $11.35 billion, the most significant rise in eight quarters, indicating diversification amid a weakening ad industry, despite competition from Amazon and TikTok in the ad market. Analysts predict that Googles portion of search advertising income in the US will fall below 50% in the upcoming year. Read More..

B2B Tech News | 9 months ago        

Spanish President Pedro Sánchez Advocates for EUIndia Free Trade Agreement at CII Summit

At the CII Spain India Business Summit in Mumbai, Spanish President Pedro Sánchez stated his desire to intensify talks on the EUIndia free trade agre

At the CII Spain India Business Summit in Mumbai, Spanish President Pedro Sánchez stated his desire to intensify talks on the EUIndia free trade agreement FTA. Noting Spains $4.2 billion investment in India, he emphasised the enormous potential for a closer connection. Sánchez underlined that Spains proficiency with renewable energy, especially wind and solar power, may help India meet its 2030 target of 500 gigawatts of renewable energy. He also discussed how Spains cuttingedge infrastructure solutions may help Indias development initiatives. In keeping with Prime Minister Modis goal for a sustainable future, Indian Minister Nitin Gadkari reaffirmed these principles, highlighting the value of green energy and joint ventures to boost competitiveness in the global market. Read More..

B2B Tech News | 9 months ago        

Mukesh Ambanis Jio Payment Solutions to Facilitate Online Payments Following Regulatory Approval

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, t

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, to function as an online payment aggregator. With support for several payment methods, including bank transfers, ewallets, UPI transfers, debit and credit cards, and more, Jio Payment Solutions can help companies and consumers make payments online, thanks to this classification. With this new capacity, Jio Financial, founded last year as part of the reorganisation of the Ambaniled company, hopes to improve digital payment options in India. Read More..

B2B Tech News | 9 months ago        

AMDs FourthQuarter Revenue Outlook Falls Short, Prompting 7% Drop in Stock Prices

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquart

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquarter revenue below expectations. As a result of this statement, AMDs stock fell by around 7% during extended trading, undoing a significant portion of its previous gains. Although the companys data centre sales increased by 122% to $3.5 billion, AMD is still trailing Nvidia, which accounts for around 80% of the market for AI semiconductors. As CEO Lisa Su noted, continued supply issues for AI processors make it more difficult for AMD to satisfy growing demand from big tech firms like Microsoft and Meta. Despite exceeding forecasts with thirdquarter sales of $6.82 billion, the mixed outlook has sparked worries about the future of the semiconductor business. Read More..

B2B Tech News | 9 months ago        

Sierra Secures $175 Million Funding Led by Greenoaks Capital, Valued at $4.5 Billion

With a value of $4.5 billion, Sierra, a software business cofounded by former Salesforce coCEO Bret Taylor, has secured $175 million in a fundraising

With a value of $4.5 billion, Sierra, a software business cofounded by former Salesforce coCEO Bret Taylor, has secured $175 million in a fundraising round headed by Greenoaks Capital. Less than a year after its public debut, Sequoia Capital and Benchmark made a $110 million investment at a valuation of around $1 billion. Serving wellknown customers like WeightWatchers and Sirius XM, Sierra is an expert in AIpowered customer care chatbots for businesses, with an annualised revenue of over $20 million. In a competitive market, the firm stands out for its emphasis on minimising "hallucinations" in AI replies. Taylor, a wellknown personality in Silicon Valley, has highlighted Sierras special status in addition to his position at OpenAI. Read More..

B2B Tech News | 9 months ago        

Swiss Firms Boost Investments in India Amid $100 Billion Trade Deal and Economic Partnership

A $100 billion trade pact that offers lower tariffs and faster market access is driving Swiss firms, such as ABB and Kuehne+Nagel, to increase their i

A $100 billion trade pact that offers lower tariffs and faster market access is driving Swiss firms, such as ABB and Kuehne+Nagel, to increase their investments in India. As Indias economy surpasses Chinas with anticipated growth rates of 7% this year, this change represents a rising tendency among European businesses looking to mitigate the effects of U.S.China trade tensions. Swiss investment is anticipated to be further encouraged by the recent trade and economic alliance with the European Free Trade Association. For example, ABBs activities in India have grown dramatically, with the company completing eight projects since 2023 and growing from 6,000 to 10,000 employees. This action demonstrates Switzerlands continued commitment to China and the growing significance of India as a significant market for investments. Read More..

B2B Tech News | 9 months ago        

WTO Delays Ruling on Indias ICT Import Duties Amid Calls for Further Negotiations

India and Chinese Taipei have requested that the WTOs dispute settlement body DSB postpone the implementation of a verdict against Indias import taxes

India and Chinese Taipei have requested that the WTOs dispute settlement body DSB postpone the implementation of a verdict against Indias import taxes on certain IT items. Following many prior delays granted by the DSB, both sides requested more time until April 25, 2025, in a recent conference in Geneva, to enable a consensual settlement of the issue. On April 17, 2023, the EU, Japan, and Chinese Taipei filed a lawsuit claiming that Indias import taxes on certain ICT items violated international trade standards. India claims it is exempt from the requirement to remove customs taxes since these goods fall under the WTOs Information Technology Products ITA1 accord. Read More..

B2B Tech News | 9 months ago        

HSBC Reports 10% Profit Surge in Q3, Posts $8.5 Billion Pretax Profit, Beats Analyst Expectations

In the third quarter, HSBC Holdings beat analyst projections of $7.6 billion with a pretax profit of $8.5 billion, up 10% from $7.7 billion the previo

In the third quarter, HSBC Holdings beat analyst projections of $7.6 billion with a pretax profit of $8.5 billion, up 10% from $7.7 billion the previous year. With a strong emphasis on Asia, the Londonbased bank announced a $3 billion share purchase in addition to its $6 billion program. After the findings, Hong Kong equities increased by more than 2%. The banks activities were merged to improve efficiency and reduce expenses, and its geographic emphasis was divided under the new CEO, Georges Elhedery. Although interest rates are expected to fluctuate, HSBC hopes to maintain a return on tangible equity in the midteens for 2024 and 2025. The bank per share will distribute a 10cent interim dividend. Read More..

B2B Tech News | 9 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.
   8772   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7287   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7632   

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.
   7746   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8919   



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.