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Moody’s Forecasts 6.6% Economic Expansion for India in FY25

According to Moodys Ratings, Indias GDP would grow 6.6% in FY25, spurring robust loan demand to help nonbanking financial companies NBFCs. Strong loan

According to Moodys Ratings, Indias GDP would grow 6.6% in FY25, spurring robust loan demand to help nonbanking financial companies NBFCs. Strong loan growth is anticipated to fuel the sectors success despite obstacles, including growing finance costs. The following year is expected to see a 6.2% growth in Indias GDP. Over the next 12 to 18 months, NBFCs are expected to see a 15% rise in loans, driven by various lending activities like funding for infrastructure and assistance for SMEs. Top NBFCs with varied portfolios are anticipated to handle difficulties steadily since they are supported by corporate or governmental ownership, which guarantees financial stability in tumultuous times. Read More..

B2B Tech News | 12 days ago          

Australian Employment Surges in April, Exceeding Expectations

Australias employment increased by 38,500 in April, more than anticipated, but as job growth outpaced job creation, the unemployment rate rose to 4.1%

Australias employment increased by 38,500 in April, more than anticipated, but as job growth outpaced job creation, the unemployment rate rose to 4.1%, a threemonth high. The markets are now projecting a 54% likelihood of a rate drop by December, which has crushed expectations of a Reserve Bank of Australia RBA rate rise. The rise in unemployment indicates that more individuals were looking for work, which could have contributed to Mays employment recovery. The employmenttopopulation ratio, on the other hand, did not change, suggesting that job growth lagged behind population expansion. Notwithstanding worries about inflation, indications of reducing pressures and declining consumer demand can affect policy choices to prevent further economic downturns. Read More..

B2B Tech News | 12 days ago          

World Entrepreneurs Investment Forum Kicks Off in Manama, Bahrain

To accomplish the UNs 17 Sustainable Development Goals SDGs, the fifth edition of the World Entrepreneurs Investment Forum was launched in Manama, Bah

To accomplish the UNs 17 Sustainable Development Goals SDGs, the fifth edition of the World Entrepreneurs Investment Forum was launched in Manama, Bahrain, emphasising growth and innovation in the Arab and African regions. Delegates seeking to empower entrepreneurial leaders for sustainable development will discuss important topics such as poverty, inequality, climate change, peace, and justice. The Deputy DirectorGeneral of UNIDO, Fatou Haidara, highlighted the critical role of SMEs and the private sector in economic growth and employment creation. Organisations like the League of Arab States, the Union of Arab Chambers, and the Arab Bank for Economic Development in Africa are collaborating on the event, which is scheduled to end on May 16. Read More..

B2B Tech News | 12 days ago          

Google Expands AIPowered "Circle to Search" Feature to More Android Devices

Google has introduced several new AIdriven features for Android to enhance user experience and security 1. AIPowered Search The "Circle to Search

Google has introduced several new AIdriven features for Android to enhance user experience and security 1. AIPowered Search The "Circle to Search" feature is expanding to more Android devices, allowing instant access to AIpowered search. Its currently available on over 100 million devices. 2. Gemini AI Assistant "Gemini" is a new AI assistant designed to be contextaware, providing relevant assistance based on the content you interact with. A "Gemini Nano" variant, capable of working offline, will launch with Pixel devices later this year. 3. OnDevice AI Enhanced ondevice AI capabilities ensure that sensitive information is processed locally, boosting security and privacy. 4. Realtime Scam Protection Google is testing a realtime feature that alerts users to potential scams, helping prevent fraud. These updates reflect Googles focus on improving functionality and safeguarding user data through advanced AI technology. Read More..

B2B Tech News | 12 days ago          

Apple Introduces Eye Tracking for iPhone and iPad Control Using AI

Apple is launching a suite of new accessibility tools designed for individuals with physical disabilities and those who are deaf or hard of hearing, i

Apple is launching a suite of new accessibility tools designed for individuals with physical disabilities and those who are deaf or hard of hearing, integrating advanced AI and machine learning 1. Eye Tracking Enables users to control iPhones and iPads with their eyes, using the frontfacing camera and ondevice machine learning for secure data handling. 2. Music Haptics Utilizes the Taptic Engine in iPhones to allow users to experience music through tactile feedback, aiding those who are deaf or hard of hearing. 3. Vocal Shortcuts Lets users perform tasks using custom sounds or utterances, enhancing speech recognition for those with speechaffecting conditions. 4. Vehicle Motion Cues Reduces motion sickness by using animated dots to represent vehicle motion, minimizing passenger sensory conflict. These features reflect Apples commitment to inclusivity and innovation in accessibility. Read More..

B2B Tech News | 12 days ago          

Elon Musk to Visit Indonesia for Starlink Satellite Internet Launch

SpaceXs owner, Elon Musk, is scheduled to launch Starlink, the companys satellite internet service, in Indonesia on Sunday. Joko Widodo, the president

SpaceXs owner, Elon Musk, is scheduled to launch Starlink, the companys satellite internet service, in Indonesia on Sunday. Joko Widodo, the president of Indonesia, will also be present at the Bali location. Musk has previously attended local conferences virtually, but this is his first trip to Indonesia in person. Musk is scheduled to speak at the World Water Forum in Bali during his visit. The Starlink event will take place in a Denpasar clinic, where a contract to improve connections in the healthcare industry will be signed. Through collaboration with regional network providers, Starlink was granted permission earlier this month to provide internet services throughout Indonesia, focusing on distant locations. Read More..

B2B Tech News | 12 days ago          

Soket AI Labs and Google Cloud Collaborate to Launch Pragna1B Multilingual AI Model

In partnership with Google Cloud, the Indian AI research company Soket AI Labs has released Pragna1B, an opensource multilingual foundation model. A s

In partnership with Google Cloud, the Indian AI research company Soket AI Labs has released Pragna1B, an opensource multilingual foundation model. A significant advancement in Indias AI scene, Pragna1B was created especially for Indian vernacular languages, including Hindi, English, Bengali, and Gujarati. The model utilises the AI infrastructure of Google Cloud to facilitate efficient and economical growth. Abhishek Upperwal, the founder of Soket AI Labs, highlighted the models efficient performance in language processing tasks and its balanced language representation. Google Cloud Indias Vice President and Country MD, Bikram Singh Bedi, emphasised how the partnership democratises AI innovation. Future efforts to improve scalability and efficiency for developers include adding Sokets AI Developer Platform to the Google Cloud Marketplace and including the Pragna series into the Google Vertex AI model registry. Read More..

B2B Tech News | 12 days ago          

AT&T Partners with AST SpaceMobile to Deliver Satellite Broadband to Cell Phones

To give mobile phones with direct access to a spacebased internet network, AT&T and AST SpaceMobile have partnered. In extended trading, shares of AST

To give mobile phones with direct access to a spacebased internet network, AT&T and AST SpaceMobile have partnered. In extended trading, shares of AST SpaceMobile rose by around 33.5% to the agreement announced on Wednesday. This summer, five satellites will be launched into lowEarth orbit from Cape Canaveral to begin commercial operations. As part of the deal, Chris Sambar, the network chief at AT&T, will become a board member of AST SpaceMobile. Under a memorandum of understanding, they have been collaborating since 2018, and this collaboration expands on that relationship. Read More..

B2B Tech News | 12 days ago          



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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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