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GLOBAL NEWS

US Labor Market Shows Stabilization as Private Sector Employment Data Exceeds Expectations

Global markets on November 6 saw gold briefly rebound toward the $3,990 per ounce level, driven by fresh data showing signs of stabilization in the US

Global markets on November 6 saw gold briefly rebound toward the $3,990 per ounce level, driven by fresh data showing signs of stabilization in the US labor market, with private employment exceeding forecasts. Investors are continuing to assess the likelihood of another Federal Reserve interest rate cut following Chair Powell’s cautious remarks from late October. Despite the positive employment figures, safehaven assets like gold and the US dollar index saw fluctuations, reflecting lingering market uncertainty regarding the pace of monetary policy easing. The stabilization data countered some of the gloom from the previous days tech stock selloff. Read More..

B2B Tech News | 1 months ago      

OPEC+ Pauses Planned Oil Production Increases Through First Quarter of 2026

The Organization of the Petroleum Exporting Countries and its allies OPEC+ announced a strategic decision to halt all planned oil production increases

The Organization of the Petroleum Exporting Countries and its allies OPEC+ announced a strategic decision to halt all planned oil production increases through the first quarter of 2026. This pause reflects a proactive move to ensure market stability amidst persistent oversupply risks and shifting geopolitical dynamics. Though the alliance had previously targeted a restoration of 2.9 million barrels per day bpd in cuts, actual output gains lagged behind. The decision indicates the group is prioritizing stable prices over volume, as global oil markets remain volatile. The pause is set to influence commodity prices and supply chain security for the next several months. Read More..

B2B Tech News | 1 months ago      

Adani Enterprises Q2 Net Profit Soars 84% to ₹3,199 Crore on Exceptional Gains

Adani Enterprises Ltd AEL reported a massive 84 percent yearonyear jump in consolidated net profit to ₹3,199 crorefor Q2 FY26. This substantial incr

Adani Enterprises Ltd AEL reported a massive 84 percent yearonyear jump in consolidated net profit to ₹3,199 crorefor Q2 FY26. This substantial increase was largely driven by an exceptional gain of over ₹2,900 crore from a partial stake sale in Adani Wilmar, alongside the amalgamation of Adani Cementation. Total income, however, saw a six percent decline due to lower export volumes and price volatility in the integrated resource management business. Operationally, the airports division delivered robust growth, with revenue climbing 39 percent. Chairman Gautam Adani noted that the strong performance across core infrastructure assets like airports, data centers, and roads will accelerate India’s transition to a technologydriven future. Read More..

B2B Tech News | 1 months ago      

Mahindra & Mahindra Q2 Consolidated Profit Surges 28% on Robust SUV and Farm Sales

Mahindra & Mahindra M&M reported a strong Q2 FY26 performance, with consolidated profit after tax PAT, excluding onetime gains, surging 28 percent yea

Mahindra & Mahindra M&M reported a strong Q2 FY26 performance, with consolidated profit after tax PAT, excluding onetime gains, surging 28 percent yearonyear to ₹3,673 crore. Consolidated revenue grew 22 percent to ₹46,106 crore, led by sustained demand for its flagship SUV models in the automotive division and record volumes in its Farm Equipment Division FED. The company retained its leadership in the farm sector, achieving a 43 percent tractor market share and boosting its core tractor PBIT margins significantly. M&M’s results underscore the success of its diversified portfolio and its ability to consistently gain market share in its core sectors. Read More..

B2B Tech News | 1 months ago      

Adani Ports Q2 Profit Jumps 29% on Exponential Growth in Logistics and Marine Segments

Adani Ports and Special Economic Zone APSEZ reported a robust Q2 FY26 performance with consolidated net profit surging 29 percent yearonyear to ₹3,1

Adani Ports and Special Economic Zone APSEZ reported a robust Q2 FY26 performance with consolidated net profit surging 29 percent yearonyear to ₹3,120 crore. Total revenue climbed 30 percent to ₹9,167 crore, driven by strong growth in its integrated transport utility model. The companys logistics and marine businesses experienced neardoubling in revenue, demonstrating the success of its porttocustomergate strategy. Domestic ports delivered a recordhigh H1 EBITDA margin of 74.2 percent, reflecting operational efficiency. APSEZ is maintaining its global leadership position, with cargo volumes increasing 12 percent, keeping it on track to achieve its ambitious 1 billion tonnes throughput target by 2030. Read More..

B2B Tech News | 1 months ago      

Global Crackdown Targets $345 Million Credit Card Fraud Ring

International law enforcement has successfully dismantled a sophisticated global fraud and money laundering network, arresting 18 suspects linked to a

International law enforcement has successfully dismantled a sophisticated global fraud and money laundering network, arresting 18 suspects linked to a massive credit card theft scheme totaling $345 million. The criminal network stole data from over 4.3 million cardholders, using their personal information to fraudulently sign them up for fake dating, pornography, and streaming subscription sites that charged monthly fees. This operation highlights the increasing scale of cardnotpresent fraud and the effectiveness of global cooperation in targeting organized cybercrime. Authorities have stated that the extensive stolen data was a critical resource for sustaining the vast digital fraud enterprise. Read More..

B2B Tech News | 1 months ago      

Apple Nears Deal to Integrate Googles Gemini AI Model for Major Siri Overhaul

Apple is reportedly close to finalizing a major partnership with Alphabets Google to integrate a custom version of the Gemini AI model into a revamped

Apple is reportedly close to finalizing a major partnership with Alphabets Google to integrate a custom version of the Gemini AI model into a revamped version of its voice assistant, Siri. According to reports, Apple will pay Google approximately $1 billion annually for access to the highly advanced 1.2 trillionparameter model. The deal is intended to be a temporary measure, using Googles superior technology to power more complex, contextaware queries until Apple’s own internal AI systems are sufficiently mature. The integration is expected to be a cornerstone of Apples broader "Apple Intelligence" initiative, aiming to bring Siri up to par with rivals like Google Assistant and Alexa. Read More..

B2B Tech News | 1 months ago      

Netflix Expands India Footprint, Opens Global Capability Centre in Hyderabad’s HITEC City

Global streaming giant Netflix has opened its second major office in India, a 40,000squarefoot Global Capability Centre GCC in Hyderabad’s HITEC Cit

Global streaming giant Netflix has opened its second major office in India, a 40,000squarefoot Global Capability Centre GCC in Hyderabad’s HITEC City. This expansion, second only to its Mumbai facility, is a strategic move to deepen local presence and leverage India’s expertise in technology, postproduction, and visual effects VFX. The new hub will provide critical support for Netflix’s global operations, including animation and technical innovation for both international and regional content. Hyderabad was chosen for its robust infrastructure, costeffective ecosystem, and growing talent pool, positioning the city as a major global tech and media corridor for the streaming platform. Read More..

B2B Tech News | 1 months ago