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GLOBAL NEWS

BHP Group Commits to South African Investment Amid Bid for Anglo American

As part of its offer to buy Anglo American, BHP Group has promised to make economic investments in South Africa, which might change the nations mining

As part of its offer to buy Anglo American, BHP Group has promised to make economic investments in South Africa, which might change the nations mining industry. Though Anglo American rejected BHPs bid because of structural problems, BHP is still committed to the acquisition. Two South African divisions will be spun off as part of the proposal, with BHP concentrating on copper and renewable energy products. Maintaining employment levels, sponsoring philanthropic programmes, and supporting the independent listings of Anglo Platinum and Kumba Iron Ore on the Johannesburg Stock Exchange are just a few of BHPs investment commitments. The bid is timed to coincide with the crucial election in South Africa, bringing socioeconomic issues to light and emphasising the importance of BHPs suggested contributions. Read More..

B2B Tech News | 1 months ago      

Axis Bank, Mastercard Unveil NFC Soundbox Revolutionary Payment Solution

An innovative option for Indian retailers, the NFC Soundbox was launched by Axis Bank and Mastercard. This unique gadget makes acceptance of Bharat QR

An innovative option for Indian retailers, the NFC Soundbox was launched by Axis Bank and Mastercard. This unique gadget makes acceptance of Bharat QR, UPI, Tap & Pay, and Tap + Pin payments possible. Axis Bank was the first to provide Tap + Pin transactions for over ₹5000. It has a 4G + WiFi connection, dual confirmation via multilingual voice and visual signals, and dynamic QR codes for simple transactions. Axis Banks President & Head of Cards & Payments, Sanjeev Moghe, stressed the banks dedication to providing innovative, safe, and reasonably priced payment options. Mastercards Gautam Aggarwal praised the gadgets ability to promote digital payments among small retailers and establish a standard for innovation in digital payments worldwide. Read More..

B2B Tech News | 1 months ago      

Google Wallet Debuts in India, Integrates Pine Labs for Gift Card Management

Google Wallet was released in India and has since partnered with Pine Labs to add gift cards. Thanks to this partnership, gift cards can now be manage

Google Wallet was released in India and has since partnered with Pine Labs to add gift cards. Thanks to this partnership, gift cards can now be managed directly from the Google Wallet app on Android smartphones. Google offers the technology to store and manage these cards, including buypoint reminders. At the same time, Pine Labs contributes its experience with brand gift cards. The increase in egifting among younger customers is expected to propel the growth of the gift cards market in India, which is expected to reach $15.7 billion by 2028 from $7.6 billion in 2023. Because so many people use Android, Pine Labs Navin Chandani predicts a significant rise in the use of Gift Cards. Ram Papatla from Google emphasized the partnerships potential to offer users secure, manageable, and innovative experiences. Read More..

B2B Tech News | 1 months ago      

EU Approves 2 Billion Euro Aid for STMicroelectronics Sicily Plant

Italian state aid measures worth 2 billion euros $2.16 billion have been granted by the European Commission to help STMicroelectronics develop a new s

Italian state aid measures worth 2 billion euros $2.16 billion have been granted by the European Commission to help STMicroelectronics develop a new semiconductor manufacturing plant in Catania, Sicily. Set up as a direct grant this assistance is a component of a broader investment initiative with a total estimated value of 5 billion euros. The investment is intended to support semiconductor manufacture, essential to the regions technical advancement and economic expansion. The choice demonstrates the EUs will to support its semiconductor sector in the face of difficulties with the global supply chain. Read More..

B2B Tech News | 1 months ago      

Dell Predicts Lower Profit, Citing Increased AI Server Costs

Dell DELL.N has predicted a lower profit for the current quarter than the market anticipated, suggesting that increased construction costs for AIoptim

Dell DELL.N has predicted a lower profit for the current quarter than the market anticipated, suggesting that increased construction costs for AIoptimized servers will impact yearly margins. For the fiscal year 2025, the business projects an approximate 150 basis point drop in adjusted gross margin rates. Dell anticipates an adjusted profit per share for the current quarter of $1.65, compared to analysts average expectation of $1.84. The margin reduction is exacerbated by increasing input costs and a competitive pricing environment. During extended trading, Dells shares dropped more than 17% despite a spike in demand for items with AI capabilities and highspeed computers. The business increased its sales estimate for the fiscal year 2025 to between $93.5 billion and $97.5 billion after reporting a 6% increase in revenue to $22.24 billion in the first quarter. Read More..

B2B Tech News | 1 months ago      

RedTail Malware Targets New Palo Alto Networks Firewall Vulnerability

A newly discovered Palo Alto Networks firewall vulnerability CVE20243400 has been added to the RedTail cryptocurrency mining malwares exploitation ars

A newly discovered Palo Alto Networks firewall vulnerability CVE20243400 has been added to the RedTail cryptocurrency mining malwares exploitation arsenal. With a CVSS score of 10.0, this vulnerability gives an unauthorised attacker the ability to run any code with root capabilities. RedTail has been updated, according to security researchers at Akamai. These upgrades include using private cryptomining pools for more control and sophisticated antianalysis mechanisms. RedTails method of infection entails using these and other known vulnerabilities, including those in ThinkPHP, TPLink routers, Ivanti Connect Secure, and VMware Workspace ONE Access. RedTail, first reported in January 2024, has developed since then and currently includes sophisticated evasion techniques and encrypted mining setups. RedTails sophistication raises the possibility of nationstate sponsorship it may be connected to organisations such as North Koreas Lazarus Group. Read More..

B2B Tech News | 1 months ago      

Singapore Unveils Roadmap for Green Data Centers Amid AI Demand Surge

Singapore is developing green data centres in response to AIs growing energy requirements. The citystate unveiled a strategy to help achieve its goals

Singapore is developing green data centres in response to AIs growing energy requirements. The citystate unveiled a strategy to help achieve its goals for the digital economy, aiming to build at least 300 megawatts of capacity through renewable energy sources. Senior Minister Janil Puthucheary emphasised that more capacity is required as demand for AI computation increases. The strategy calls for increasing resource efficiency through incentives, implementing energyefficient IT equipment, and improving energy efficiency. 82% of Singapores emissions from the ICT industry and 7% of the countrys overall power usage are attributed to data centres. With more than 70 centres servicing cloud platforms and AI workloads, Singapore is home to Southeast Asias secondlargest data centre industry. Governments and corporations like Microsoft and Google are investing in sustainable energy to meet these needs. Read More..

B2B Tech News | 1 months ago      

CtrlS Launches AIReady Hyderabad DC3 Datacenter with Rs 500 Crore Investment

After spending more than Rs 500 crore, CtrlS Datacenters Ltd. opened Hyderabad DC3, a new AIready data centre in Gachibowli, Hyderabad. The 1.34 lakh

After spending more than Rs 500 crore, CtrlS Datacenters Ltd. opened Hyderabad DC3, a new AIready data centre in Gachibowli, Hyderabad. The 1.34 lakh sq. ft., fivestory building with a 13 MW IT load capacity was officially opened by BSE CEO Sundararaman Ramamurthy to earn LEED Platinum certification. Hyderabad DC3 offers solid physical security, sustainability efforts, and cuttingedge cooling technology. In addition to being the first Google Partner Interconnect provider in Hyderabad, it offers Cloud Connect services from Google, Oracle, Azure, and Amazon. With the addition of this launch, CtrlSs countrywide footprint of 250 MW capacity—which already includes facilities in Mumbai, Chennai, Bangalore, Noida, Hyderabad, and Kolkata—is strengthened as a data centre hub. Read More..

B2B Tech News | 1 months ago