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Truecaller and HDFC ERGO Team Up to Offer INR 10,000 Fraud Insurance Coverage

To shield Indian consumers from digital communication fraud, Truecaller and HDFC ERGO have introduced Fraud Insurance. With INR 1.25 lakh crore lost t

To shield Indian consumers from digital communication fraud, Truecaller and HDFC ERGO have introduced Fraud Insurance. With INR 1.25 lakh crore lost to cyber fraud in the last three years, this programme aims to combat the growing number of such incidents. Truecallers yearly premium members may obtain the insurance at no additional cost. It provides coverage up to INR 10,000 for users of Android and iOS devices. With no additional papers required, the insurance is instantaneously enabled and effortlessly integrated into the Truecaller app. This service improves user protection with AI spam prevention, AI Assistant, and call scanning functions. Vishal Sikand of HDFC ERGO and Rishit Jhunjhunwala, the chief product officer of Truecaller, underlined the significance of this programme in guaranteeing user security and advancing financial inclusion. Read More..

B2B Tech News | 19 days ago          

IBM and Gujarat Government Ink MoU to Establish AI Cluster in GIFT City

To accelerate the adoption of AI in the financial industry through the use of IBMs Watson platform, the Government of Gujarat and IBM have inked an Mo

To accelerate the adoption of AI in the financial industry through the use of IBMs Watson platform, the Government of Gujarat and IBM have inked an MoU to build an AI Cluster in GIFT City. Gujarats Chief Minister, Bhupendrabhai Patel, hailed this project as a significant step towards the states digital transformation. The cooperation will provide AI tools, including an AI Sandbox for model customisation, help with proof of concept, AI literacy initiatives, and digital assistant solutions. Sandip Patel of IBM underlined the strategic significance of AI for corporate competitiveness. This partnership helps IBM achieve its worldwide AI skill development objectives, which include creating an AI curriculum for Gujarats educational institutions and educating two million people by 2026 and thirty million by 2030. Read More..

B2B Tech News | 19 days ago          

Japans Unemployment Rate Holds Steady at 2.6% in May, Matching Expectations

As expected by experts, Japans unemployment rate remained stable at 2.6% in May, indicating no change from the previous month. However, the ratio of p

As expected by experts, Japans unemployment rate remained stable at 2.6% in May, indicating no change from the previous month. However, the ratio of positions to applicants fell to 1.24 from 1.26 in April, suggesting a little reduction in available employment. According to this ratio, there were 124 job vacancies for every 100 job searchers. The Labour Ministry of Japans statistics highlight a competitive but steady employment market, requiring ongoing efforts to link job searchers with available opportunities amid economic recovery initiatives. When it comes to understanding Japans labour market dynamics in the face of persistent difficulties and periods of recovery, economists still keep a careful eye on these metrics. Read More..

B2B Tech News | 26 days ago          

Nike Shares Tumble 12% on Forecast of Revenue Decline Amid Sneaker Demand Shifts

Following hours, Nikes shares fell more than 12% as the company revealed an unexpected prediction of a midsingledigit percentage decline in revenue fo

Following hours, Nikes shares fell more than 12% as the company revealed an unexpected prediction of a midsingledigit percentage decline in revenue for fiscal 2025 NKE.N. This decline is ascribed to customers growing preference for more recent companies like On and Hoka, which have eaten into Nikes market share with trendier merchandise. Nike needs help recovering momentum despite efforts to increase sales through directtoconsumer channels and product advancements, such as improved running shoes and impending launches like the Air Max range. Its projection is further complicated by weak overseas sales, especially in China, and worse North American traffic a 10% revenue decrease is predicted for the first quarter of fiscal 2025. Read More..

B2B Tech News | 26 days ago          

ANZ Group Cleared for $3.26 Billion Acquisition of Suncorps Banking Business

Following nearly two years of examination by treasury and financial authorities, Australia has authorised ANZ Groups acquisition of Suncorps banking d

Following nearly two years of examination by treasury and financial authorities, Australia has authorised ANZ Groups acquisition of Suncorps banking division for A$4.9 billion $3.26 billion. Under legally binding terms designed to preserve employment opportunities and financial services accessibility, Treasurer Jim Chalmers affirmed the ruling. One of the threeyear restrictions on shutting Suncorps rural bank branches and reducing employment across Australia is one of these requirements. The Australian Competition Tribunal eventually approved the transaction after being first rejected by the countrys competition authority due to worries about diminished competition. ANZ and Suncorp filed appeals in support of the acquisition. Speaking confidently, ANZ CEO Shayne Elliott emphasised the advantages of the integration for the companys retail and commercial businesses, increasing ANZs competitiveness in the Australian market. Read More..

B2B Tech News | 26 days ago          

Nokia to Acquire Infinera for $2.3 Billion, Expanding Optical Network Business

With a $2.3 billion transaction, Nokia will buy Infinera Corp to grow its optical network business, especially in North America. Infineras stock incre

With a $2.3 billion transaction, Nokia will buy Infinera Corp to grow its optical network business, especially in North America. Infineras stock increased by about twenty per cent after the news. At $6.65 per share, the offer is valued at 26.4% more than Infineras most recent closing price. Nokia has agreed to pay Infineras stockholders at least 70% in cash, possibly receiving up to 30% in Nokias American Depositary Shares. According to projections, this purchase will enhance Nokias profits by more than 10% by 2027 and its comparable earnings per share in the first year. Infinera is a San Jose, Californiabased company that specialises in networking equipment for telecom networks and optical semiconductors. Read More..

B2B Tech News | 26 days ago          

Nxtra Becomes First Indian Data Center to Commit to RE100

Nxtra by Airtel is Indias first data centre company that has committed to getting all of its power from renewable sources since joining the RE100 proj

Nxtra by Airtel is Indias first data centre company that has committed to getting all of its power from renewable sources since joining the RE100 project. With a target of being net zero by 2031, Nxtra has increased its use of renewable energy dramatically. Through Power Purchase Agreements and Captive Solar Rooftop Plants, the company contracted 422,000 MWh and saved over 156,595 tCO2e emissions in FY 2023–2024. CEO Ashish Arora underlined the companys dedication to renewable energy, while RE100s Atul Mudaliar commended Nxtra for its pioneering role in lowering carbon footprints. To be responsible and sustainable, Nxtra uses a holistic strategy that blends technology innovation, operational excellence, and comprehensive interventions to achieve sustainability and efficiency. Read More..

B2B Tech News | 26 days ago          

Lenovo Unveils Enterprise AI Solutions in Partnership with NVIDIA

Together with NVIDIA, Lenovo has introduced allinclusive corporate AI solutions to improve AI productivity and accessibility across various industries

Together with NVIDIA, Lenovo has introduced allinclusive corporate AI solutions to improve AI productivity and accessibility across various industries. Targeting sectors including manufacturing, healthcare, and retail, the expansion offers AI Fast Start programmes, portfolios of AI Innovator Solutions, and consultancy services. Lenovo also unveils its sixth generation Neptune liquid cooling technology, which can save up to 40% on power usage and aid in developing highperformance AI. These programmes are a part of Lenovos $1 billion commitment spread over three years to accelerate the adoption of AI, a critical priority for businesses globally. The objectives are simplifying AI implementation, ensuring energy efficiency, and delivering faster results, enabling organisations to use AI successfully and sustainably. Read More..

B2B Tech News | 26 days ago          



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