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UK GDP Grows by 0.1% in February, Offering Hope of Recession Recovery

The UKs GDP expanded by 0.1% in February, making it two months of growth and boosting prospects for an economic recovery. The Office for National Stat

The UKs GDP expanded by 0.1% in February, making it two months of growth and boosting prospects for an economic recovery. The Office for National Statistics also revised the January growth rate to 0.3%. Even with the slow growth, the data points to the potential for an economic recovery, especially given the slowing inflation rate and the impending decline in home energy costs. Growth was driven mainly by production, with a slight increase in services output. On the other hand, bad weather caused a decrease in the production of construction. According to Chancellor Jeremy Hunt, the data is encouraging and lessens the pressure on the Bank of England to decrease interest rates, which are currently anticipated to happen in June. This bullish prediction indicates the possibility of a gentle landing in the war against inflation without a protracted recession. Read More..

B2B Tech News | 5 days ago      

New Study Shows Surge in Global Coal Power Capacity, Led by China

According to a recent study, there is a global increase in coal power capacity, with China leading the rise and forecasts for the future. According to

According to a recent study, there is a global increase in coal power capacity, with China leading the rise and forecasts for the future. According to Global Energy Monitor, there has been a 2% rise in capacity over the previous year, with twothirds of that growth coming from China alone. China has pledged to restrict its coal usage. Still, it started building a sizable amount of new coalpower capacity last year. Experts, however, think China can still reach its climate commitments if it acts quickly. The research emphasises how urgent it is for nations to fasttrack coal plant closures to meet the objectives of the Paris Agreement. Coal remains an essential energy source, even if the worlds potential for renewable energy expands, especially in Chinas manufacturingdriven economy. Read More..

B2B Tech News | 5 days ago      

Salesforce in Advanced Talks to Acquire Informatica, Sources Say

A person familiar with the situation said that Salesforce and Informatica are apparently in advanced talks about being acquired by Salesforce. Its pre

A person familiar with the situation said that Salesforce and Informatica are apparently in advanced talks about being acquired by Salesforce. Its predicted that the prospective acquisition, which may be disclosed soon, will be less than Informaticas current share price of $38.48. Founded in 1993, Informatica provides cloudbased data management services to clients such as Deloitte and Unilever. With an almost 43% increase in share value this year, the corporation is now valued at about $11.35 billion. Should the purchase go through, it would be Salesforces most significant transaction since the company paid roughly $28 billion to acquire Slack Technologies in 2020. With Salesforce looking to enhance its portfolio in the face of heightened competition and shifting market dynamics, this move indicates the rising trend of dealmaking in the technology sector. Read More..

B2B Tech News | 5 days ago      

Hindalco Industries Set to Achieve Strong Q4 Performance, Projects Prabhudas Lilladher

According to Prabhudas Lilladher, Hindalco Industries is expected to have a net profit of Rs. 3,220 crore in the fourth quarter of 2024, up 38.1% from

According to Prabhudas Lilladher, Hindalco Industries is expected to have a net profit of Rs. 3,220 crore in the fourth quarter of 2024, up 38.1% from the previous quarter and 33.6% from the previous year. Even with a predicted 0.7% yearoveryear decline, net sales are predicted to reach Rs. 55,470 crores, indicating a positive 5% quarteroverquarter rise. It is anticipated that EBITDA, or profits before interest, tax, depreciation, and amortisation, will increase to Rs. 7,100 crore by 21% every quarter and by 33.2% annually. Based on this view, Hindalco Industries should perform well in the next quarter. Read More..

B2B Tech News | 5 days ago      

CtrlS Datacenters Launches Google Cloud Interconnect Services Across Major Indian Cities

CtrlS Datacenters introduces Google Cloud Interconnect services in Hyderabad, Mumbai, and Delhi to boost speed, lower latency, and strengthen security

CtrlS Datacenters introduces Google Cloud Interconnect services in Hyderabad, Mumbai, and Delhi to boost speed, lower latency, and strengthen security. CtrlS Datacenters is a Google Cloud Interconnect pioneer in Hyderabad that provides advantages, including safe workload migration, faster data transfers, and decreased latency. Ashish Ahuja, CTO of CtrlS Datacenters Ltd., emphasises the services role in enabling enterprises to achieve speed, security, and scalability. At the same time, Sridhar Pinnapureddy, Founder & CEO of CtrlS Group, stresses the need to democratise cloud access. Deb Deep Sengupta, the President and Chief Revenue Officer of Cloud4C, emphasises how the relationship would advance digital acceleration and corporate innovation. The service covers essential cities, including Mumbai, Delhi, Hyderabad, Bangalore, Kolkata, Chennai, Lucknow, and Patna. Read More..

B2B Tech News | 5 days ago      

Roku Reports Second Cyberattack, Affecting Over Half a Million Accounts

After an initial breach that affected 15,000 customers, Roku has disclosed a second hack that affects 576,000 more accounts. Unauthorised purchases of

After an initial breach that affected 15,000 customers, Roku has disclosed a second hack that affects 576,000 more accounts. Unauthorised purchases of hardware and streaming services happened in certain instances. However, no critical information was obtained, such as whole credit card details. According to Roku, the incident was caused by "credential stuffing," highlighting the significance of utilising distinct login information. The business has added twofactor authentication to each account to increase security. In light of cybersecurity concerns, Roku is demonstrating its dedication to customer protection by offering a refund or reversing costs to impacted users. In early trade, Rokus shares decreased slightly despite the hack. Read More..

B2B Tech News | 5 days ago      

Builder.ai Unveils Groundbreaking Code Generation System Powered by AI

With the release of Builder.ais Code Generation System, Natashas powers as an AI Product Manager & Developer Assistant were improved. Natasha uses Gen

With the release of Builder.ais Code Generation System, Natashas powers as an AI Product Manager & Developer Assistant were improved. Natasha uses Generative AI to automatically translate user conversations into functional code, streamlining the software development process. She creates user stories and maps requirements onto Builder.ais Knowledge Graph. She produces functional code—all while avoiding delays and guaranteeing exact alignment with the customers vision. Natasha leverages its vast dataset of over 2 billion data points to do conversation analysis and generate feature recommendations, prototypes, and customisations that expedite production and minimise timetomarket. With over 90% of code completion targeted through automation, founder Sachin Dev Duggal sees a more effective, smooth development experience—a milestone that will be crucial for the organisation as it advances along its journey. Read More..

B2B Tech News | 5 days ago      

Qualcomm Empowers Indias Tech Ecosystem with Developer Conference in Hyderabad

With a Developer Conference in Hyderabad that is promoting cooperation among more than 150 developers, engineers, and executives, Qualcomm is spearhea

With a Developer Conference in Hyderabad that is promoting cooperation among more than 150 developers, engineers, and executives, Qualcomm is spearheading technological innovation in India. The event covers advances in tools and technology, especially in AI and 5G, and presents stateoftheart solutions. Qualcomm prioritizes developers, improving support resources and providing preoptimized AI models through platforms like the Qualcomm Innovators Development Kit and Qualcomm AI Hub. The Qualcomm RB3 Gen 2 Platform for IoT and the Qualcomm QCC730 WiFi solution were recently introduced. Savi Soin and Leendert van Doorn are among the leaders who highlight their dedication to the Indian developer community and foresee India playing a key role in AI innovation that would benefit the entire globe. Read More..

B2B Tech News | 5 days ago