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To better serve its customers, Deepak Fertilisers has decided to split its mining chemicals and fertiliser operations.
Deepak Fertilisers and Petrochemicals Corporation (DFPCL), a producer of industrial chemicals and fertilisers, stated on Thursday that it will demerge its mining chemicals and fertilisers businesses as part of a corporate restructuring plan. According to a statement released by the firm, the boar...
NEWGEN SOFTWARE TECHNOLOGIES LTD PATENTS INVENTION FOR ELECTRONIC COMMUNICATION IN INDIA
HIGHLIGHTS
- Newgen Software Technologies Limited has patented an invention that facilitates electronic communication.
- Artificial Intelligence is used for categorizing the messages and for facilitating the communication.
Newgen Softwar...
HUAWEI’S Q1 REVENUE FELL 16.5% TO $23.5 BILLION
Highlights –
- Huawei’s Q1 revenue fell 16.5% to $23.5 billion.
- The company attributed the decline to lower revenue for its consumer unit.
- It is struggling to hold onto its global market share after U.S. sanctions that devastated ...
MENG’S DEFENSE TEAM TO ASK CANADIAN COURT TO DELAY UPCOMING HEARINGS
Highlights –
- Meng’s defense team to ask Canadian court to delay upcoming hearings.
- The Huawei CFO’s case lasted more than two years.
- Meng’s upcoming hearing is scheduled to be in the British Columbia Supreme Court on...
XIAOMI CORP. RELEASED ITS FOURTH-QUARTER NET PROFIT TO BE 36.7 PERCENT
Highlights –
- Xiaomi Corp. released its fourth-quarter net profit to be 36.7 percent.
- The mobile company’s adjusted net profit for the quarter rose to $490.84 million.
- The company’s sales rose 24.8% year-on-year to 70.5 bil...
NET PROFIT OF SOFTBANK GROUP IN APRIL-DEC. PEIOD RISE OVER $29 BILLION
Highlights –
- Net profit of SoftBank Group in April-Dec. period rise over $29 billion.
- The massive increase was due to the stock valuation of its tech-company investments.
- The company’s sales in nine months through Dec. were 4.14...
SAFERIDE OPENS NEW OFFICE IN GERMANY
HIGHLIGHTS
- SafeRide has opened new office in Germany to expand business in Europe.
- Martin Ridder to lead SafeRide's European office.
- The Europe office of SafeRide Technologies is located in the Bochum area of Germany
A...
CALIFORNIA APPEALS COURT HALTS LOWER COURT ORDER OVER UBER AND LYFT DRIVER-EMPLOYER ISSUE
Highlights –
- California appeals court halts lower court order over Uber and Lyft driver-employer issue.
- Drivers wish to continue working as independent contractors.
- The initial ruling forced the companies to treat their drivers as em...
Global Quantum Computing Technologies Market will grow to at CAGR 15.89% from 2020 to 2027
Quantum computing are being used in computationally intensive applications such as artificial intelligence. Quantum machine learning (QML) is a combination of machine learning and quantum physics. Alphabet Inc. launched TensorFlow Quantum library in March 2020 for developing QML apps. Researchers...
FUJITSU AND PALANTIR TECHNOLOGIES INC. ENTER INTO STRATEGIC ALLIANCE
HIGHLIGHTS
- Three companies have entered into a strategic alliance to expand their operations in Japan.
- All three partners intend to pool their resources and work together to bring world-class technology to Japan.
Fujitsu Limited, Pal...
UBER SACKS 23% OF WORKFORCE AMID COVID-19 CRISIS
Highlights
• Uber Technologies Inc. will sack 6,700 employees
• The newly planned measures are expected to bring in $1 billion in annual cost savings
According to an email sent by Uber Technologies Inc.’s chief executive officer Dara Khosrowshahi to e...
TECHNOLOGIES IN 2020 THAT WILL IMPACT CHANGES
Highlights:
- Technology in 2020 will be about enhancing life
- It intent of the same will be to impact life positively
- Augmented technology will look into making the lives of miners safe inside the sites
Technolog...
EmTech Fund Forum at Davos Gathers Customers More than AUM $400 billion
The Davos Emerging Technologies Investment Summit put together leading players from the business and major investors to explore the latest technology issues, including social impact and environmental investment, as well as the future of the global financial system.
The conference delive...
GERMAN COSMETIC COMPANY TAKES OVER U.S WILSHIRE TECHNOLOGIES INC.
Highlights:
- Evonik is a leading Germany based cosmetics company
- It strives to improve its Care solutions and Health care business lines.
- Acquisition amount not disclosed
The transaction between the companies will be compl...
Increase use of 3D printing in medicine
The use of 3D printing in medicine has increased in the last few years. 3D printing of prosthetic hands and surgical tools used used by engineers and medical professionals. Yet 3D printing has only just started changing the area.
Today a rapidly evolving group of techno...
Rambus and Ascent Solar Technologies
The beta value of Rambus is 0.67 and the share price of Rambus is 33 percent lower than that of the S&P 500. Ascent Solar Technologies has a beta of 1.03 relative to 3 percent more unpredictable share prices than the S&P 500.
The institutional investors own 80.2% of Rambus share...
NZ artificial intelligence firm Soul Machines raises $60m from big-name investors
The Auckland, New Zealand-based startup- Soul Machines has announced that it has raised US$40 million (NZ$60m) to continue its overseas expansion.
The deep science and technology company designs virtual, digital assistants to "humanise" computerised customer service tools. Sou...
Latest Trump Rule restricts AI Exports of Military Surveillance Over China
This coming week, the U.S. will step up its crackdown on China's surveillance industry, with additional restrictions on the supply of American technology going into effect as of January 6. The new regulations seek to use artificial intelligence in geospatial applications— essentially to...
The Robotic Gait Learning Program by HIWIN Technologies Corp., presented at the 2019 Global Technology Awards in Singapore
The recipients of the 2019 Global Technology Awards in Singapore were revealed by Enterprise Asia. The award winners for more than 150 applications include thirty-five products, facilities, and organizations.
About HIWIN Technologies Corp.’s HIWIN Robotic Gait Training System
...
Cheadle-based CurrentBody hits £ 10 m in funding
After BGF joined NVM Private Equity in supporting the company, Cheadle-based CurrentBody, the online specialist for home-use beauty products, hit £ 10 m in funding.
CurrentBody is now the world's largest manufacturer of beauty products and includes Tripollar, NuFACE and Smooth...