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RBI’s $5 Billion Dollar/Rupee Swap Auction Set to Attract Strong Interest

On Friday, six bankers predict substantial interest from banks and corporate treasuries in the Reserve Bank of Indias RBI 5 billion dollar/rupee buyse

On Friday, six bankers predict substantial interest from banks and corporate treasuries in the Reserve Bank of Indias RBI 5 billion dollar/rupee buysell swap auction. This sixmonth dollar/rupee swap is a component of the RBIs plan to counteract the rupees depreciation by injecting roughly 1.5 trillion rupees $17.33 billion into the banking system. The RBI will buy spot dollars at the auction to improve rupee liquidity and temporarily decrease dollar availability. Corporate treasuries are expected to take part in obtaining forward money. There are differing views on the precise premium levels. Still, most bankers believe the auction will see significant oversubscription and that the cutoff premium will be near current market rates. The auction is designed to accommodate multiple bids at different prices, with the RBIs ongoing interventions likely to stabilize the auction cutoff levels. Read More..

B2B Tech News | 6 months ago          

El Salvador Implements Bitcoin Reforms After $1.4 Billion IMF Loan Agreement

Following a $1.4 billion loan deal with the International Monetary Fund IMF, El Salvador is enacting changes to the usage of Bitcoin in its industrial

Following a $1.4 billion loan deal with the International Monetary Fund IMF, El Salvador is enacting changes to the usage of Bitcoin in its industrial and banking sectors. The government has made Bitcoin payments optional for local retailers to meet IMF requirements. The countrys legislature supported this choice, with only two parliamentarians voting against the reform and 55 in favour. According to lawmaker Elisa Rosales, the legislation would improve Bitcoins status as legal cash and encourage its practical application. The IMF agreement, reached in December 2024, stipulates that taxes must only be collected in US dollars and include steps to restrict the public sectors exposure to Bitcoin. El Salvadors prior cryptofriendly policies attracted Web3 firms, but the country faced IMF scrutiny since April 2024 due to its Bitcoin legislation. Read More..

B2B Tech News | 6 months ago          

Blackstone Stands Firm on Data Center Investments Amid LowCost AI Concerns

Despite the rise of inexpensive AI models like Chinas DeepSeek, Blackstone said on Thursday that its significant data centre investments are still sub

Despite the rise of inexpensive AI models like Chinas DeepSeek, Blackstone said on Thursday that its significant data centre investments are still substantial. According to the alternative asset manager, physical infrastructure is essential for AI operations, which oversees $80 billion in leased data centres. Jonathan Grey, president and COO of Blackstone emphasised the companys strategic approach and collaborations with prominent international companies. Even though DeepSeeks launch has raised questions about possible effects on demand for data centres, Grey thinks lower prices may encourage broader AI use, increasing the demand for data centres. Jefferies analysts concurred, stating that hyperscalers are unlikely to cut back on their capital spending as AI competition heats up. Despite these reassurances, Blackstones shares fell nearly 4% in afternoon trading. Read More..

B2B Tech News | 6 months ago          

Ghana’s Finance Minister Announces Successful Creditor Agreement for Debt Relief

In a crucial step towards rebuilding its national finances and formalising a debt restructuring plan first decided upon with the Official Creditor Com

In a crucial step towards rebuilding its national finances and formalising a debt restructuring plan first decided upon with the Official Creditor Committee in June 2023, Ghana has signed a memorandum of agreement with its official creditors. This restructure comes after Ghana defaulted on most of its external borrowings in 2022, mainly affecting its cocoa and gold industries. The pact, which intends to offer significant debtservice relief as part of the International Monetary Fund loan program, has now been signed by all participating creditor countries, according to the finance minister, Cassiel Ato Forson. Ghana is negotiating with 60 international banks to resolve the remaining $2.7 billion in loans, even though 93% of the restructuring process is finished. Forson underlined that the government is dedicated to accelerating these discussions. Read More..

B2B Tech News | 6 months ago          

Nissan and Honda Explore Potential Merger by 2026, Announcement Pending

Nissan Motor has postponed the initial timeframe established for the end of January to disclose the path of its possible merging with Honda Motor by m

Nissan Motor has postponed the initial timeframe established for the end of January to disclose the path of its possible merging with Honda Motor by midFebruary while talks continue within the merging Preparatory Committee. Because Chinese electric vehicle producers are becoming a more significant threat to established automakers, the two Japanese automakers are considering merging by 2026. To delist Nissan and Hondas shares, the companies have set a goal to wrap up their talks by June and form a holding company by August 2026. Longtime Nissan partner Renault has indicated that it is amenable to the combination, but Mitsubishi Motors is allegedly reevaluating its involvement in the talks. Read More..

B2B Tech News | 6 months ago          

Tata Technologies Confirms Ransomware Attack, IT Services Disrupted

Tata Technologies has acknowledged a ransomware attack that interrupted some IT services however, the services have since been restored. The business

Tata Technologies has acknowledged a ransomware attack that interrupted some IT services however, the services have since been restored. The business promised that there would be no impact on their client delivery services. Cybersecurity experts conduct a thorough investigation to identify the underlying cause and carry out the required corrective measures. A division of the Tata Group, Tata Technologies focuses on engineering, research, and development ER&D with a manufacturing focus, mainly for the automotive sector. It offers its worldwide manufacturing clients outsourced engineering and digital transformation services. The organisation reiterated its commitment to security and data protection by taking the required steps to reduce potential risks. Read More..

B2B Tech News | 6 months ago          

NordVPN Unveils NordWhisper A New Protocol to Evade Network Filters

NordWhisper, a new VPN protocol from NordVPN, imitates regular online traffic to get over sophisticated network censors. NordWhisper employs web tunne

NordWhisper, a new VPN protocol from NordVPN, imitates regular online traffic to get over sophisticated network censors. NordWhisper employs web tunnel technology to appear as regular internet traffic, making it more difficult for filters to identify and block it than conventional VPN protocols like OpenVPN or WireGuard. This guarantees a safe and dependable internet connection, particularly in places with restrictions like cafes or airports. The protocol offers a more seamless browsing experience while maintaining robust encryption. With time, NordWhisper will be extended to additional platforms, starting with Windows, Android, and Linux users. Users can activate it via the NordVPN apps VPN connection settings. Read More..

B2B Tech News | 6 months ago          

India to Develop Native Generative AI Models Within 8 Months IT Minister

During the Utkarsh Odisha Conclave, Union IT Minister Ashwini Vaishnaw declared that India would create indigenous generative AI models in six to eigh

During the Utkarsh Odisha Conclave, Union IT Minister Ashwini Vaishnaw declared that India would create indigenous generative AI models in six to eight months. He also said that Indian computers are being used to test the DeepSeekR1 AI model. To develop AI infrastructure under the India AI Mission, India has acquired more than 18,600 highend GPUs, exceeding its original goal of 10,000. The computing facility supports researchers and startups with 12,896 Nvidia H100, 1,480 Nvidia H200, and 742 AMD MI325/MI325X GPUs. The minister revealed plans for an AI safety institution with a collaborative approach and underlined the necessity of a shared computing facility. He did not say if Indias AI models would be opensource or available through APIs. Read More..

B2B Tech News | 6 months ago          



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