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India on Track to Surpass Rs 22.07 Lakh Crore Direct Tax Target, Says CBDT Chairman

According to Central Board of Direct Taxes CBDT Chairman Ravi Agarwal, the Indian government is expected to exceed its direct tax collection goal of R

According to Central Board of Direct Taxes CBDT Chairman Ravi Agarwal, the Indian government is expected to exceed its direct tax collection goal of Rs 22.07 lakh crore for the current fiscal year. He emphasised that net direct tax collections grew by 15.41% to Rs 12.11 lakh crore as of 10 November, reflecting significant corporate and noncorporate tax receipts. Additionally, Agarwal declared that taxpayers may submit amended forms for the fiscal year 2023–2024 until 31 December if they have not proclaimed overseas assets or income. Furthermore, more than 6,000 recommendations have been made to streamline and improve the accessibility of the income tax law. For FY24, the government has set a revised direct tax collection goal of Rs 19.45 lakh crore. Read More..

B2B Tech News | 1 days ago         

Asia’s Growth at Risk IMF Highlights Impact of Retaliatory Tariffs on Regional Economy

Retaliatory tariffs might hurt Asias economic prospects by impeding growth, increasing costs, and destroying supply chains, the International Monetary

Retaliatory tariffs might hurt Asias economic prospects by impeding growth, increasing costs, and destroying supply chains, the International Monetary Fund IMF said. IMF AsiaPacific Director Krishna Srinivasan emphasised that tariffs, such as the European Unions levies on Chinese electric vehicles and the United States plans for a 60% tax on Chinese imports, might impede exports, restrict global commerce, and raise inflation. The IMFs World Economic Outlook predicts global growth to be 3.2% in 2024 and 2025, with Asias growth continuing to be higher at 4.6% this year. However, Asias economy is in danger from rising trade tensions and monetary policy uncertainties in developed nations, which affect financial markets and capital flows. Read More..

B2B Tech News | 1 days ago         

ZeroDay Vulnerability in EndofLife GeoVision Devices Exposed, Cyberattackers Exploit Flaw

Cybersecurity researchers have actively exploited a zeroday vulnerability in EndofLife EOL GeoVision devices, allowing attackers to execute arbitrary

Cybersecurity researchers have actively exploited a zeroday vulnerability in EndofLife EOL GeoVision devices, allowing attackers to execute arbitrary instructions without authentication remotely. A sophisticated botnet that targets the devices has been connected to this highseverity security vulnerability. Due to the unsupported status of the impacted hardware, there are few patching alternatives for the vulnerability. It was initially discovered by the Shadowserver Foundation in cooperation with Taiwans Computer Emergency Response Team TWCERT and GeoVision. Experts advise segmenting networks, removing susceptible gadgets from the internet, and switching to safer options. Because of the botnets continuous activity, people and organisations worldwide are at serious risk, and authorities will likely provide more mitigating advice. Read More..

B2B Tech News | 1 days ago         

Alibaba Targets $5 Billion in Bond Issuance for Debt Repayment and Share Buybacks

Alibaba Group intends to issue offshore yuan and dollar bonds to raise $5 billion. Bonds with maturities of 5.5, 10.5, and 30 years are included in th

Alibaba Group intends to issue offshore yuan and dollar bonds to raise $5 billion. Bonds with maturities of 5.5, 10.5, and 30 years are included in the dollar tranche, whilst bonds with maturities of 3.5, 5, 10, and 20 years are included in the yuan tranche. Repurchases of shares and debt repayment are among the general business uses for the money raised. The company determines the ultimate amount, interest rates, and maturity dates as the deal progresses. Read More..

B2B Tech News | 2 days ago         

Tata Electronics Acquires Majority Stake in Pegatrons iPhone Facility in India

By purchasing most of Pegatrons only iPhone production plant in India, Tata Electronics has established a joint venture in which Tata would oversee 60

By purchasing most of Pegatrons only iPhone production plant in India, Tata Electronics has established a joint venture in which Tata would oversee 60% of the business. The action strengthened Tatas position as an Apple supplier, aligning with Apples larger plan to diversify its production outside of China. This purchase supports Tatas previous acquisition of the Wistron facility and current initiatives to enhance production capacity in India, simultaneously with Apples growing market share and exports. The collaboration highlights how, despite geopolitical changes, Apple is expanding its manufacturing presence in India. Read More..

B2B Tech News | 2 days ago         

CyberArk and Wiz Partner to Enhance MultiCloud Security with Integrated Identity Management

The CyberArk Identity Security Platform and the Wiz Cloud Security Platform have been integrated as part of a partnership between CyberArk and Wiz to

The CyberArk Identity Security Platform and the Wiz Cloud Security Platform have been integrated as part of a partnership between CyberArk and Wiz to improve multicloud security. This partnership aims to mitigate the risks associated with uncontrolled cloud entitlements by giving visibility and control over privileged access for human and machine identities. The integration attempts to simplify identity management across cloud environments to help companies like Computacenter and Encova Insurance lower security risks and enhance compliance. To improve cloud security at scale, the collaboration combines CyberArks Zero Standing Privileges strategy with Wizs risk identification capabilities. Read More..

B2B Tech News | 2 days ago         

TMobile Targeted in CyberEspionage Linked to Chinese Intelligence, WSJ Reports

According to reports, a cyberespionage effort connected to Chinese intelligence that targeted both domestic and foreign telecom companies infiltrated

According to reports, a cyberespionage effort connected to Chinese intelligence that targeted both domestic and foreign telecom companies infiltrated TMobiles network. According to the Wall Street Journal, these hackers aimed to intercept highvalue intelligence targets mobile communications. However, TMobile said there was little impact on their systems or consumer data. Chinese hackers gained access to data intended for U.S. law enforcement monitoring as part of a more significant attack on telecom networks. Beijing is still denying any role in these cyberattacks. Read More..

B2B Tech News | 2 days ago         

LG Display Secures $1 Billion Investment License in Vietnam for OLED Expansion

Vietnam has given South Koreas LG Display a licence to invest $1 billion in its Haiphong factory to boost the production of OLED displays. As to the H

Vietnam has given South Koreas LG Display a licence to invest $1 billion in its Haiphong factory to boost the production of OLED displays. As to the Haiphong Economic Zone Authority, LG Display has increased its overall investment in Vietnam to $5.65 billion with this expansion. By taking this action, LG demonstrates its dedication to enhancing its manufacturing capacity in the area and reaffirming Vietnams position as a major centre for hightech manufacturing. Read More..

B2B Tech News | 2 days ago         



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