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Uday Kotak Warns of Global Turbulence Amidst Higher US Inflation Figures

The founder of Kotak Mahindra Bank, Uday Kotak, has warned about possible global instability in the wake of the US inflation data that came in higher

The founder of Kotak Mahindra Bank, Uday Kotak, has warned about possible global instability in the wake of the US inflation data that came in higher than expected in March. Given the 3.5 per cent annual rate of US inflation and the recent $90 price of Brent crude oil, Kotak projects continued increases in interest rates worldwide, including in India. In light of the US presidential elections in November, he says the Federal Reserve may contemplate lowering interest rates. Treasury rates and stock markets were also impacted by the latest US inflation statistics, which crushed expectations of an early rate decrease. Meanwhile, Chinas consumer inflation declined in March, indicating continued economic difficulties and possibly calling for further intervention. Read More..

B2B Tech News | 9 days ago          

Vodafone Idea Vi Plans Rs 18,00020,000 Crore FPO to Tackle Debt, Operational Challenges

To raise between Rs 18,000 and Rs 20,000 crore, Vodafone Idea Vi intends to establish an FPO with support from Jefferies, SBI Caps, and Axis Capital.

To raise between Rs 18,000 and Rs 20,000 crore, Vodafone Idea Vi intends to establish an FPO with support from Jefferies, SBI Caps, and Axis Capital. The action is intended to alleviate the telecom companys substantial debt load and operating deficits in the face of intense industry rivalry. As a significant stakeholder, Vi has had support from the government and promises from anchor investors. The subscriber base is still dropping despite recent share issuance to Oriana Investments Pvt Ltd, highlighting the necessity of infrastructure investment to improve service quality and keep subscribers. Vis stock is down around 2 per cent on the National Stock Exchange as of trades close, trading at Rs 12.65. Read More..

B2B Tech News | 9 days ago          

PhonePe Partners with Nepals eSewa and HAN Pokhara for Fewa New Year Festival

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–14 during the Fewa New Year Festival. With more than 3,000 participating businesses and 100,000 attendees expected, the event offers a perfect venue for spreading awareness of digital payments. PhonePe intends to carry out inperson activations to inform nearby retailers and highlight the practicality of UPI payments via engaging activities and kiosks. To encourage the uptake of UPI on the Fonepay Network in Nepal, Ritesh Pai, CEO of PhonePes International Payments division, underlined the need for merchant education and awareness campaigns. Read More..

B2B Tech News | 9 days ago          

PhonePe Partners with Nepals eSewa and HAN Pokhara for Fewa New Year Festival

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–

PhonePe and the Hotel Association of Nepal HAN Pokhara have partnered to promote digital payments using UPI on Nepals Fonepay Network from April 11–14 during the Fewa New Year Festival. With more than 3,000 participating businesses and 100,000 attendees expected, the event offers a perfect venue for spreading awareness of digital payments. PhonePe intends to carry out inperson activations to inform nearby retailers and highlight the practicality of UPI payments via engaging activities and kiosks. To encourage the uptake of UPI on the Fonepay Network in Nepal, Ritesh Pai, CEO of PhonePes International Payments division, underlined the need for merchant education and awareness campaigns. Read More..

B2B Tech News | 9 days ago          

AWS Ordered to Pay $525 Million in Patent Infringement Case

An Illinois federal jury has sentenced tech startup Kove to pay $525 million to Amazon Web Services, the top cloud service provider under Amazon.com,

An Illinois federal jury has sentenced tech startup Kove to pay $525 million to Amazon Web Services, the top cloud service provider under Amazon.com, for infringing on its patent rights relating to datastorage technology. Three Kove patents that are essential to AWSs capacity to store and retrieve massive amounts of data from the cloud were deemed to have been infringed by the jury. A representative for Amazon said that the corporation disagrees with the decision and intends to appeal. Koves legal representative celebrated the decision as a victory for creativity and the defence of intellectual property rights, particularly for upstarts taking on industry heavyweights. Chicagobased Kove filed a complaint against Amazon in 2018, arguing that the company invented highperformance cloud storage technology long before the cloud era. The complaint claimed that AWS services, including Amazon S3 and DynamoDB, violated Koves patents. Although it dismissed claims of deliberate infringement, the Read More..

B2B Tech News | 9 days ago          

Googles Alphabet Announces $1 Billion Investment in U.S.Japan Subsea Cables

Google, a division of Alphabet, has revealed a significant $1 billion commitment to improve digital connection between Japan and the United States. Pr

Google, a division of Alphabet, has revealed a significant $1 billion commitment to improve digital connection between Japan and the United States. Proa and Taihei, two new undersea cables developed as part of this plan, will improve the connection between the United States and Japan and with other Pacific Island nations and territories. This action aligns with U.S. and Japanese efforts to create robust networks in the Pacific area, emphasising security and trust. Such infrastructure expenditures become more critical as China and the United States compete for influence in the Pacific, especially about the U.S.s goal of gaining supremacy in telecommunications, which it views as a critical national security asset. Googles participation in constructing these underwater cables demonstrates its dedication to expanding global digital connectivity. Read More..

B2B Tech News | 9 days ago          

Microsoft Set to Unveil AI Tools for PCs and Cloud at Build Conference

According to a session list that was just updated, Microsoft is getting ready to introduce new AI capabilities for both PCs and cloud settings at its

According to a session list that was just updated, Microsoft is getting ready to introduce new AI capabilities for both PCs and cloud settings at its annual Build conference. According to CEO Satya Nadellas vision for 2024, AI would be a crucial component of every PC, consistent with the conferences schedule. Nadella and other executives will be joined by Mustafa Suleyman, the recently appointed head of Microsoft AI and a former cofounder of DeepMind, to demonstrate these developments. Adding AIpowered capabilities directly incorporated into Windows operating systems, like the Advanced Paste function, which uses local AI models to improve user interactions, is one of the highlights. Developers may also expect more advanced AI features, such as support for Armbased neural processing engines, to be included in Windows apps. Microsoft will also address AI safety measures and enhancements to Azure services, including the Copilot chatbot. Read More..

B2B Tech News | 9 days ago          

Microsoft Faces Backlash Over Proposal to Use OpenAIs DALLE in Military Software Development

According to The Intercept, Microsoft recently proposed using OpenAIs DALLE picturegenerating technology for military software development. This plan

According to The Intercept, Microsoft recently proposed using OpenAIs DALLE picturegenerating technology for military software development. This plan has generated criticism. This information is made in the middle of criticism of Microsoft and OpenAIs partnership concerning content infringement that may result in lawsuits. This idea, presented at a conference titled "Generative AI with DoD Data," recommends that battlefield management systems use DALLE for Advanced Computer Vision Training. However, Microsoft and OpenAI continue to take a cautious approach, highlighting the creation of ethical AI while making it clear that no active deployment has occurred. Critics point out the necessity for continued investigation and discussion on the matter as they express worries about the moral ramifications of using AI in military settings. Read More..

B2B Tech News | 9 days ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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