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GLOBAL NEWS

BSNL & Viasat Unveil India’s First SatelliteBased DirecttoDevice Connectivity Service

Bharat Sanchar Nigam Limited BSNL and Viasat introduced the first directtodevice satellite communication service in India to deliver seamless coverage

Bharat Sanchar Nigam Limited BSNL and Viasat introduced the first directtodevice satellite communication service in India to deliver seamless coverage in rural locations. When standard cellular or WiFi networks are unavailable, customers may utilise the service, which was announced during the Indian Mobile Congress 2024, to send SoS messages, make emergency calls, and even process UPI payments. The method uses geostationary satellites to communicate in both directions. How consumers may use this service still needs to be determined, and whether it is covered by the plans already in place. Read More..

B2B Tech News | 2 months ago      

Chinese Hackers Infiltrate U.S. Telecom Firms, Intercept Sensitive Surveillance Data

According to U.S. authorities, Chinese hackers gained access to several telecom firms and intercepted surveillance data meant for law enforcement. The

According to U.S. authorities, Chinese hackers gained access to several telecom firms and intercepted surveillance data meant for law enforcement. The hackers accessed communications, call logs, and private data about legitimate requests to monitor people engaged in political or governmental activity in the United States. The security of Americas telecommunications infrastructure is called into question by this incident. The Cyber Safety Review Board of the Department of Homeland Security will look at the event. Beijing has continuously refuted claims that it is engaging in cyber espionage against the United States. Read More..

B2B Tech News | 2 months ago      

Indosat and GoTo Unveil "SahabatAI" to Pioneer IndonesiaFocused AI Language Models

Indosat Ooredoo Hutchison and GoTo Gojek Tokopedia have collaborated to create "SahabatAI," an extensive language model ecosystem powered by AI focusi

Indosat Ooredoo Hutchison and GoTo Gojek Tokopedia have collaborated to create "SahabatAI," an extensive language model ecosystem powered by AI focusing on Indonesian languages and regional dialects. The goal of this project is to advance the creation of AI services that are adapted to Indonesias cultural setting. The initiative, backed by Tech Mahindra and AI Singapore, trains models using the NeMo framework and Nvidias AI Enterprise software. To improve contextual awareness, SahabatAI will first use models with 8 to 9 billion parameters, plus input from nearby institutions and the media. This action draws in international tech behemoths like Microsoft and showcases Indonesias growing AI industry. Read More..

B2B Tech News | 2 months ago      

Samsung Shares Hit FourYear Low Amid U.S. Tariff Concerns and AI Chip Production Lag

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys st

Fears of possible U.S. tariffs under a future Trump government and Samsung Electronics output lagging behind rivals in AI chips caused the companys stock to drop to its lowest level in more than four years. Because it relies on Chinese consumers, the company is more vulnerable to tariff effects, and there are worries that Chinese competitors may undercut Korean semiconductor companies. Over the year, Nvidia has increased 199%, Samsungs shares have decreased 34%, and rival SK Hynix has up 32%. Read More..

B2B Tech News | 2 months ago      

India’s Central Bank Announces Capital Buffer Increases for SBI and HDFC Bank

According to a statement from Indias central bank, SBI, HDFC Bank, and ICICI Bank will continue to be the three domestic systemically important banks

According to a statement from Indias central bank, SBI, HDFC Bank, and ICICI Bank will continue to be the three domestic systemically important banks DSIBs. Starting in April 2025, the two biggest banks, SBI and HDFC Bank, would have to have larger capital buffers. HDFC Bank will increase its extra capital requirement to 0.40%, while SBI will see a 20 basis point increase to 0.80%. Such banks, considered "too big to fail," are guaranteed sufficient capital by these safeguards to avert systemic dangers in the financial system. The change comes after HDFC Bank merged with HDFC in December 2023. Read More..

B2B Tech News | 2 months ago      

India Imposes FiveYear AntiDumping Duty on Epichlorohydrin from China, Korea, and Thailand

India has levied a fiveyear antidumping tariff on Chinese, Korean, and Thai suppliers of epichlorohydrin, a chemical primarily used in adhesives. To s

India has levied a fiveyear antidumping tariff on Chinese, Korean, and Thai suppliers of epichlorohydrin, a chemical primarily used in adhesives. To shield home businesses from unfair competition brought on by imports priced below market, the levy, which has the potential to reach $557 per tonne, was implemented. By WTO regulations to guarantee fair trade practices, the move complies with the Directorate General of Trade Remedies recommendations. Similar taxes have been applied to other items by India to reduce lowcost imports. Read More..

B2B Tech News | 2 months ago      

Swiggy Shares Surge 15% on IPO Debut, Valuation Hits $11.9 Billion

Despite general market volatility, Swiggys shares jumped by about 15% on their first day after their $1.4 billion IPO. At its height, the corporation

Despite general market volatility, Swiggys shares jumped by about 15% on their first day after their $1.4 billion IPO. At its height, the corporation was valued at $11.9 billion. Although analysts praise Swiggys excellent brand and market position, they warn about the companys continuous losses and the challenging market conditions. Since the business has yet to profit, Swiggys success starkly contrasts with Zomatos 2021 IPO. Because they are concerned about Swiggys longterm financial trajectory, analysts have set a target price lower than the IPO price. Read More..

B2B Tech News | 2 months ago      

Visa Unveils Flexible Payments Feature in the U.S. and UAE to Enhance Consumer Control

In the United States and the United Arab Emirates, Visa is introducing a flexible payment feature that enables customers to access several financing s

In the United States and the United Arab Emirates, Visa is introducing a flexible payment feature that enables customers to access several financing sources with a single card. This feature, already present in several Asian countries, attempts to satisfy customers rising need for flexible payment methods. In line with the growing cooperation between fintechs and conventional financial institutions, Visa has teamed with Affirm in the United States and Liv Bank in the United Arab Emirates. Soon, the capability will be extended throughout Europe, giving customers greater financial autonomy. Read More..

B2B Tech News | 2 months ago