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GLOBAL NEWS

Infosys Q2 Profit Jumps 13% YoY Wipro Misses Street Estimates with 1.2% PAT Rise

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven b

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven by large deal wins and cost efficiencies. Conversely, Wipro reported a tepid 1.2% risein consolidated Profit After Tax PAT, missing street estimates due to softer revenue growth and continued headwinds in the consulting business. The contrasting results underscore a bifurcated market where companies with robust digital and AI service offerings are outpacing those heavily reliant on legacy transformation projects, guiding investor sentiment for the remainder of the earnings season. Read More..

B2B Tech News | 2 months ago      

Bank of America Q3 Revenue Climbs 3%, Net Interest Income Tops Expectations

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. Th

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. The bank reported that Net Interest Income NII exceeded analysts expectations, driven by higher interest rates and growth in average loan balances, particularly in the consumer segment. CEO Brian Moynihan highlighted the bank’s strong deposit base and robust trading results. The positive results from BofA, following those of its peers, affirm the resilience and operational efficiency of the major US financial institutions despite a cautious outlook on global economic growth. Read More..

B2B Tech News | 2 months ago      

JPMorgan Chase Reports Strong Q3 2025 Earnings $14.4 Billion Net Income

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on T

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on Tangible Common Equity ROTCE. Chairman and CEO Jamie Dimon cited strong results despite geopolitical and market volatility. The bank saw average loans increase by 7% yearoveryear, driven by growth in Card Services and wholesale lending. Revenue was robust, with noninterest revenue up 16%, largely due to higher asset management and investment banking fees. The results demonstrate the financial strength and stability of major US banks amidst a challenging global economic backdrop. Read More..

B2B Tech News | 2 months ago      

North Korean Hackers Use EtherHiding Technique to Conceal Malware in Blockchain Smart Contracts

A Google Threat Intelligence Group GTIG report disclosed on October 16th that a North Korean threat actor, tracked as UNC5342, is using a novel techni

A Google Threat Intelligence Group GTIG report disclosed on October 16th that a North Korean threat actor, tracked as UNC5342, is using a novel technique dubbed EtherHiding to distribute malware. The method involves hiding malicious code within the data fields of Ethereum blockchain smart contracts, turning them into virtually undetectable, decentralized commandandcontrol C2 infrastructure. This marks a significant escalation in cyber espionage, as the technique allows the statesponsored group to bypass traditional network defense and DNS filtering mechanisms, facilitating cryptocurrency theft and persistent access to compromised systems. Read More..

B2B Tech News | 2 months ago      

US Issues Warning About Hackers Exploiting F5 Devices to Target Government Networks

The U.S. government issued a cyber warning on October 17th after hackers were found actively exploiting a set of vulnerabilities in F5 Networks BIGIP

The U.S. government issued a cyber warning on October 17th after hackers were found actively exploiting a set of vulnerabilities in F5 Networks BIGIP devices to target government networks. The flaw, which CISA has urged all federal agencies to patch immediately, allows attackers to bypass multifactor authentication and gain unauthorized access to core network systems. F5 is a globally deployed device for load balancing and security, making the exploitation a severe supply chain concern across critical infrastructure. The active exploitation reinforces the urgency of implementing a Zero Trust Architecture model to mitigate the impact of sophisticated, unauthenticated breaches. Read More..

B2B Tech News | 2 months ago      

Imec Launches New Office Focused on Automotive Chiplet Architecture Advancements

Imec, the worldleading nanoelectronics research hub, announced on October 16th the inauguration of its new office focused on automotive chiplet advanc

Imec, the worldleading nanoelectronics research hub, announced on October 16th the inauguration of its new office focused on automotive chiplet advancements. The initiative aims to accelerate the adoption of chipletbased architectures in the auto industry, a transition essential for managing the complexity and safety requirements of nextgeneration vehicles. Simultaneously, Imec announced that major industry players, including GlobalFoundries, Infineon, and Silicon Box, have joined its Automotive Chiplet Program. This collaboration will pool resources to develop open standards and mature the supply chain for reliable, scalable chiplet systems in the automotive sector. Read More..

B2B Tech News | 2 months ago      

Red Hat Brings Distributed AI Inference to Production AI Workloads with Red Hat AI 3

Red Hat announced on October 17th the launch of Red Hat AI 3, a unified, open enterprise AI platform designed to enable distributed Large Language Mod

Red Hat announced on October 17th the launch of Red Hat AI 3, a unified, open enterprise AI platform designed to enable distributed Large Language Model LLM inference across hybrid cloud environments. This new version focuses on production AI workloads and sets the stage for scalable agentic AI, which involves multiple AI agents collaborating. The core technical advancement is the integration of an AIaware control plane that manages workloads and optimizes resources, supporting the llmd component for efficient, distributed model serving. The goal is to move AI beyond proofofconcept into resilient, productiongrade applications using opensource infrastructure. Read More..

B2B Tech News | 2 months ago      

India Notifies New Rules for Telecom Equipment Certification Under Telecommunications Act

The Ministry of Communications in India officially notified the Telecommunications Framework to Notify Standards, Conformity Assessment and Certificat

The Ministry of Communications in India officially notified the Telecommunications Framework to Notify Standards, Conformity Assessment and Certification Rules, 2025 on October 16th. These new rules establish a modern, centralized framework for standards, safety, and certification of all telecom equipment sold or deployed in India, replacing parts of the older 1951 regulations. The key technical mandate is that all devices must undergo Conformity Assessment by recognized labs and obtain certification by a phased deadline in mid2026. This aims to enhance the security, reliability, and interoperability of the national telecom ecosystem. Read More..

B2B Tech News | 2 months ago