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What is US Biosecure Act and Its Implications

24Aug By PriyankaNo Comments

USA

What is US Biosecure Act and Its Implications

Washington, 24th August 2024: The United States is poised to enact the US Biosecure Act, a groundbreaking legislation that will significantly influence the global biotechnology and pharmaceutical sectors. This Act aims to bolster national security by restricting US federal agencies from engaging with “biotechnology companies of concern,” particularly those associated with China. Key players on this list include companies like BGI, MGI, Complete Genomics, WuXi AppTec, and WuXi Biologics, which are perceived as threats to US interests. The implementation of this Act could unlock considerable opportunities for India's pharmaceutical sector, provided that India enhances its regulatory frameworks to guarantee the safety and effectiveness of its offerings. National Security Considerations ...

25Jul By PriyankaNo Comments

ACQUISITION

NVIDIA acquires AI Platform Brev

San Francisco-headquartered AI/ML development platform Brev.Dev has been acquired by the GPU powerhouse NVIDIA. In recent developments, Nvidia also acquired three more AI startups like Shoreline.io valued at around $100 million, Deci, an Israeli startup, valued at an estimated $300 million, further strengthens Nvidia's portfolio in the AI technology space. Brev, a platform tailored for AI/ML development, streamlines the process of constructing, training, and deploying ML models in the cloud. Developed by and for developers, Brev addresses the complexities of scaling ML projects with its agile yet robust platform. It utilizes various cloud providers to optimize GPU selection for cost-effectiveness, enabling the execution of any code on GPU instances for comprehensive model training a...

US Tech Companies’ Shift to Nuclear Powered Data Centers

18Jul By PriyankaNo Comments

USA

US Tech Companies’ Shift to Nuclear Powered Data Centers

Texas, 18th Jan 2024: Tech companies, such as Amazon Web Services, are making deals with US based nuclear power plants to secure electricity for their data centers, driven by the increasing demands of artificial intelligence. While this move offers 24/7 carbon-free power, it has sparked controversy due to concerns about potentially diverting existing energy supplies, raising prices, and increasing reliance on natural gas. The concept of nuclear-powered data centers raises debates surrounding economic development, grid reliability, and climate goals, prompting questions about whether this is a step towards the future of tech or a risky gamble with unforeseen consequences. According to a report by WSJ, approximately one-third of the United States' nuclear power reactors' owners are in ta...

Why Having Gilt Mutual Funds with a Fixed Period Important for Your Portfolio?

11Jul By PriyankaNo Comments

Market

Why Having Gilt Mutual Funds with a Fixed Period Important for Your Portfolio?

Uncertainty is a factor that constantly dictates its presence in the field of investments. In this space, Gilt mutual funds bring stability and predictability to the investment. Along with that, Gilt funds also provide modest returns on investments. In this blog, we will explain why it is important to have Gilt mutual Funds with a fixed time period in your portfolio. What are Gilt Mutual Funds? Fixed maturity plans (FMPs) or fixed period gilt mutual funds are a category of debt funds that invest mainly in government securities and corporate bonds of companies that have a specific time of maturity. While there are debt funds that do not have any specific maturity time, gilt mutual funds with fixed maturity periods allow investors to get a certain amount of returns at a particular t...

BlackRock acquired Preqin for $3.2 Billion, Will Integrate with Aladdin

9Jul By PriyankaNo Comments

ACQUISITION

BlackRock acquired Preqin for $3.2 Billion, Will Integrate with Aladdin

NEW YORK & LONDON - June 30, 2024 - BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment. Private markets are the fastest growing segment of asset management, with alternative assets expected to reach nearly $40 trillion by the end of the decade. As institutional and wealth investors increase allocation...

Nvidia Surpasses Entire European Stock Markets Value

26Jun By PriyankaNo Comments

News

Nvidia Surpasses Entire European Stock Markets Value

The surging shares of Nvidia Corp. have propelled the U.S. company to a staggering market value surpassing the combined stock markets of entire European countries, as reported by Deutsche Bank Research. Investor fervor for Nvidia's (NVDA) stock has catapulted the artificial-intelligence chip maker to the top spot among U.S. companies on Tuesday, with a market value exceeding $3.3 trillion. Jim Reid, global head of macro and thematic research at Deutsche Bank Research, highlighted that in less than a month, Nvidia's market cap surpassed the total of all listed stocks in Germany, the UK, and France. Reid noted that Nvidia's market capitalization surged from 2 trillion to 3 trillion in just 30 trading days starting from April 24, with an additional trillion dollars added since Ma...

Singapore started Automated Immigration Clearance Lanes at Changi Airport

19May By PriyankaNo Comments

News

Singapore started Automated Immigration Clearance Lanes at Changi Airport

Singapore, May 19, 2024 - Singapore's Immigration and Checkpoints Authority (ICA) proudly announces the extension of automated immigration lanes to all foreign visitors arriving at Singapore Changi Airport, regardless of nationality or the type of passport, making the arrival process more efficient and stress-free. The new development incorporates biometric identification using iris and facial recognition technology as the primary identifiers for immigration clearance. In instances where these methods prove unsuccessful, fingerprints will be utilized as an additional biometric identifier. Unnecessary registration is no longer a prerequisite for utilizing these advanced facilities. Passengers can now seamlessly proceed through the automated lanes upon arrival. Forward-thinking departi...

3May By PriyankaNo Comments

Tech

Now Play Game on LinkedIn

LinkedIn, the platform renowned for job hunting, professional networking, and career milestone sharing, is now venturing into a new domain – gaming. Why the sudden shift? Well, considering that many individuals indulge in games like Candy Crush during work hours, it seems fitting to introduce gaming on a professional networking platform. This could potentially lead to increased time spent on LinkedIn. In March, LinkedIn announced the introduction of its first batch of games. These include daily puzzle games reminiscent of Wordle – Queens, Crossclimb, and Pinpoint. The aim is to attract more users and boost engagement on the platform. If you’re adept at Wordle, these games might seem familiar and easy to navigate. However, LinkedIn imposes a limit on gameplay – each game can only b...

Surge in Copper Demand due to EVs, AI, and Clean Energy

26Apr By PriyankaNo Comments

ANALYSIS

Surge in Copper Demand due to EVs, AI, and Clean Energy

The surge in demand for copper, driven by technological advancements such as artificial intelligence, automation, and the shift towards renewable energy and electric vehicles, has been highlighted. Copper cables, which conduct electricity, are particularly in demand. Graeme Train, the head of metals analysis at Trafigura, a Swiss-based company, estimates that a third of the 10 million tonnes of new demand will be generated by the electric vehicle sector. He also noted that another third will be used for electricity generation, transmission, and distribution. The remaining demand will come from areas such as automation, manufacturing capital expenditure, and cooling systems in data centers. The rapid production of electric vehicles and solar panels, along with grid investment in China...

Zomato Launches India’s First “Large Order Fleet” for 50 People

18Apr By PriyankaNo Comments

BUSINESS

Zomato Launches India’s First “Large Order Fleet” for 50 People

Bengaluru, 18th April 2024: Zomato India has recently introduced India's first large order fleet to meet the needs of group events such as parties, with the capacity to serve up to 50 people. CEO Deepinder Goyal made the announcement on the microblogging platform X, formerly known as Twitter, revealing that the company will be utilizing an "all-electric fleet" for delivering large orders. This decision was made in response to previous orders being handled by multiple regular fleet partners, resulting in a less than satisfactory customer experience. "We are excited to unveil India's first large order fleet, specifically designed to handle your group, party, or event orders with ease. This fleet is comprised entirely of electric vehicles, designed to efficiently accommodate orders for ...

Apple’s iPhone Shipment Decline as Samsung Takes the Lead

15Apr By PriyankaNo Comments

News

Apple’s iPhone Shipment Decline as Samsung Takes the Lead

In the first quarter of 2024, Apple experienced a 10 per cent drop in smartphone shipments, facing tough competition from Android smartphone manufacturers. Data from research firm IDC revealed that global smartphone shipments grew by 7.8 per cent to 289.4 million units in the January-March period. Samsung emerged as the top phonemaker with a 20.8 per cent market share, surpassing Apple. Following a strong performance in the December quarter, where Apple surpassed Samsung to become the world's No.1 phone maker, the iPhone-maker slipped back to the second spot with a 17.3 per cent market share. Chinese brands like Huawei are gaining market share, contributing to Apple's decline. Xiaomi, a leading Chinese smartphone manufacturer, secured the third position with a market share of 14.1 pe...

Singapore Government Raises Minimum Wages for Expats

18Mar By PriyankaNo Comments

News

Singapore Government Raises Minimum Wages for Expats

18th March, 2024: Singapore Government has implemented new regulations regarding minimum wages for foreign workers, particularly focusing on the Employment Pass (EP) policy. The Ministry of Manpower (MOM) has announced adjustments to the EP minimum qualifying salary, increasing it from $5,000 to $5,600 per month. This increment will be progressively raised with age, reaching up to $10,700 for individuals in their mid-40s. These changes aim to maintain equitable opportunities for local employees across all age demographics. The EP is a work permit that allows foreign professionals, managers, and executives to be employed in Singapore. The minimum qualifying salary for the EP is based on the top one-third of local PMET1 wages, ensuring that EP holders meet high-quality standards. The ...