Header-template

 Global News

Subscribe our Newsletter

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

Asia

USIndia Strategic Partnership Forum Lauds Indias Union Budget 2024 for Job Creation Focus

The USIndia Strategic Partnership Forums president and chief executive officer, Mukesh Aghi, commended Indias Union Budget 2024 for its thoughtful str

The USIndia Strategic Partnership Forums president and chief executive officer, Mukesh Aghi, commended Indias Union Budget 2024 for its thoughtful strategy and emphasis on job development. The budget strongly emphasises improving worker skills, especially for those making their first salary, and seeks to lower the deficit from 5.3% to 4.9%. While 51% of graduates are now prepared for the workforce, compared to 34% a decade ago, Aghi pointed out that more funding is still required. To increase FDI, the budget also contains a tax decrease for foreign businesses to raise yearly FDI from USD 70 billion to USD 110 billion. Finance Minister Nirmala Sitharaman has prioritised employment, skill development, and agriculture in her seventh consecutive budget to boost economic growth and productivity. Read More..

B2B Tech News | 1 days ago         

Honda to Close Chinese Factory, Halts Production at Another Amid EV Shift

Amidst intense competition from Chinese manufacturers, Honda Motor revealed intentions to move its strategic focus to electric vehicles by closing one

Amidst intense competition from Chinese manufacturers, Honda Motor revealed intentions to move its strategic focus to electric vehicles by closing one of its plants and stopping production at another. October will see the end of operations for the facility, which is run as a joint venture with Guangzhou Automobile Group. A second factory owned by Dongfeng will also see Honda suspend operations beginning in November. By taking these actions, Honda will be able to produce 1.2 million fewer automobiles annually in China than 1.49 million. But later this year, Honda intends to begin production at two additional EV factories, partially offsetting this drop and increasing capacity to 1.44 million vehicles. Chinese automakers that sell reasonably priced, technologically advanced cars are becoming a bigger rival to the corporation. Read More..

B2B Tech News | 1 days ago         

PBOC Surprises Markets with Unexpected Rate Cuts to Stimulate Chinese Economy

The Peoples Bank of China PBOC, the countrys central bank, shocked investors on Thursday by reducing interest rates dramatically in an unforeseen lend

The Peoples Bank of China PBOC, the countrys central bank, shocked investors on Thursday by reducing interest rates dramatically in an unforeseen lending operation. Through its mediumterm lending facility MLF, the PBOC granted 200 billion yuan $27.5 billion in oneyear loans at a rate of 2.30%, which was a 20 basis point decrease from the previous rate. An additional 235.1 billion yuan was added to the markets via sevenday reverse repos at 1.70% to guarantee sufficient liquidity. This action, which comes after previous benchmark rate decreases, is a reaction to the significant falls in the stock market and the weakerthanexpected GDP figures. Though some analysts think more extensive fiscal actions are required to address underlying economic concerns, analysts assume the rate reduction seeks to lower lending costs and combat deflationary pressures. Read More..

B2B Tech News | 1 days ago         

Hacker Claims Data Breach at Piramal Group, Personal Information at Risk

An Indian company called Piramal Group is said to have had sensitive data taken by a hacker. There are reports that the hacked material, sold on the d

An Indian company called Piramal Group is said to have had sensitive data taken by a hacker. There are reports that the hacked material, sold on the dark web, contains the personal data of thousands of present and past workers. To confirm authenticity, the hacker has released samples of the stolen data. Piramal Group has not yet commented on the hack. Large organisations are facing an increasing number of cybersecurity risks, as this incident highlights. Robust data protection procedures are essential to prevent these breaches and secure sensitive data. Read More..

B2B Tech News | 1 days ago         

Finance Minister Nirmala Sitharaman Revises Income Tax Slabs, Increases Standard Deduction

Nirmala Sitharaman, the finance minister, updated the tax system recently, changing the income tax brackets but leaving the tax rates unaltered. With

Nirmala Sitharaman, the finance minister, updated the tax system recently, changing the income tax brackets but leaving the tax rates unaltered. With the 5% tax rate being the same, the lower tax slab threshold went from ₹36 lakh to ₹37 lakh. Under the new system, the standard deduction for salaried employees went up from ₹50,000 to ₹75,000, while the deduction for family pensioners went up from ₹15,000 to ₹25,000. With these adjustments, around four crore salaried persons and retirees will receive relief, with those earning ₹15 lakh, possibly saving as much as ₹17,500. A ₹20lakh threshold was also created to mitigate the penalty for minor nondisclosures related to tiny foreign assets. Read More..

B2B Tech News | 2 days ago         

Level AI Revolutionizes Contact Centers with Advanced Algorithms for Enhanced Efficiency

To solve significant contact centre issues and improve productivity and customer happiness, Level AI is utilising cuttingedge algorithms. Utilising co

To solve significant contact centre issues and improve productivity and customer happiness, Level AI is utilising cuttingedge algorithms. Utilising consumer contacts to pinpoint problems and areas for development, the companys technology focuses on analysis. Contact centre representatives may enhance their performance and handle problems more successfully with the realtime insights and suggestions that Level AIs AI technology offers. Improved customer experiences result from this strategy, which helps contact centres handle a more significant volume of contacts with more accuracy. The scalable and flexible architecture allows the technology to meet the unique requirements of various industries. Read More..

B2B Tech News | 2 days ago         

Japans Top Spokesperson Calls for Wage Increases Among Smaller Firms to Support Economic Growth

Yoshimasa Hayashi, the chief spokesperson for Japan, underlined that broader pay rises among smaller businesses are necessary to guarantee longterm ec

Yoshimasa Hayashi, the chief spokesperson for Japan, underlined that broader pay rises among smaller businesses are necessary to guarantee longterm economic growth. This is a component of Fumio Kishida, the prime minister,s plan to maintain economic recovery while balancing growing living expenses. Hayashis remarks come ahead of the July 3031 Bank of Japan policy meeting, which might include a discussion on raising interest rates. He emphasised how crucial it is to start a positive feedback loop where businesses may raise salaries by raising prices to cover increased costs. The government is also considering a fresh fiscal stimulus plan to lessen the effects of inflation. However, there is still cause for concern given the yens recent slide, fueled by divergent interest rates with the US. Read More..

B2B Tech News | 3 days ago         

India Allocates $24 Billion for Job Creation and Rural Development in 2024/25 Budget

The Finance Minister, Nirmala Sitharaman, declared that India will set aside $24 billion in its 2024–2025 budget to develop rural areas and employme

The Finance Minister, Nirmala Sitharaman, declared that India will set aside $24 billion in its 2024–2025 budget to develop rural areas and employment opportunities. Prime Minister Narendra Modis Bharatiya Janata Party lost its absolute majority in the election, which led to this decision. The budget allots 2.66 trillion rupees $32 billion for rural development and new programmes for important ally states. Government initiatives to increase employment include subsidised loans for higher education, enhanced skills programmes, and business incentives. Private estimates indicate a greater urban unemployment rate, notwithstanding the official 6.7% statistic. Moreover, loans associated with reform benchmarks and declining budget deficit objectives indicate that infrastructure expenditure is still substantial. Read More..

B2B Tech News | 3 days 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.
   2253   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2164   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   2495   

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.
   2650   

5.  Approximately 8 billion gadgets connect on the internet every day.
   3653   



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.