CLUSTER 2
IBM, Gujarat govt ink pact to establish AI cluster at GIFT City
Under this partnership, IBM will provide software technologies and platforms over a cloud environment enabling financial institutions to customise and fine-tune large language AI models in a sandbox environment. IBM will also aim to build a digital assistant-based solution that facilitates the onboarding and integration of these customised large language models for financial institutions.
After 7 years and $1.2 bn investment, ONGC offers stake in Deen Dayal gas field
After investing nearly USD 1.2 billion over seven years with limited success, the state-owned Oil and Natural Gas Corporation (ONGC) is actively searching for partners to salvage the Deen Dayal gas field in the KG basin of the Bay of Bengal. On June 12, ONGC issued a call for expressions of interest from international oil and gas firms possessing the necessary technical expertise and financial capability to participate as partners, aiming to develop a viable strategy for the field, as per the tender document.
NASA's Chandra telescope reveals stunning details of Milky Way's super star cluster
In a groundbreaking study, NASA's Chandra X-ray Observatory has revealed new insights into Westerlund 1, the largest and closest 'super' star cluster to Earth. Led by astronomers from the Italian National Institute of Astrophysics in Palermo, the Extended Westerlund 1 and 2 Open Clusters Survey (EWOCS) project marks a significant milestone in understanding this cosmic phenomenon. Chandra's observations, combined with data from other NASA telescopes, show a vibrant star cluster with active star formation and a halo of hot gas surrounding its core.
Vedanta arm WCL plans to invest $2 bn for Liberia's socio-economic development
Vedanta's subsidiary, Western Cluster Ltd (WCL), plans to invest $2 billion in Liberia, focusing on socio-economic development through infrastructure projects, community engagement, and job creation. Since 2011, WCL has invested over $300 million in the region, aligning with Liberia's growth goals. This expansion aims to unlock the country's economic potential and empower local communities.
Is the 45-day payment rule helping the MSEs?
The 45-day rule for expediting payment to MSEs has led to price cuts of 3-5% as big brand retailers demand concessions due to shorter payment cycles.
Time to stop 'FLiRT'ing: Here is what we know about the Covid variant
A new Covid variant is spreading rapidly across the US, raising alarms within the medical fraternity. There are also concerns about a possible summer wave around this new Covid variant.
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View: Overturn cultural practices and dogmas to spur our companies to spend on R&D
WhatsApp showcases tales of ancient glory, while global reports highlight India's rankings in hunger, press freedom, and sustainable development. India ranks 40th on the GII 2023, above all BRICS nations except China.
KIMS: Healthy prospects ahead; why analysts are bullish on this stock
KIMS operates a network of 12 hospitals across Telangana, Andhra Pradesh and Maharashtra with a total bed capacity of 3,975 beds. A JM Financial report is bullish on the stock due to expansion-led growth, stable margins, and valuation comfort. It trades at a 12-month forward EV/EBITDA of 21.4 times, a 12.4% discount to the industry median, according to Reuters-Refinitiv data.
BJP's Odisha face & BJD's No. 2 face off in Sambalpur
Sambalpur, a significant Lok Sabha constituency in Odisha, is gearing up for a competitive showdown between BJP's Dharmendra Pradhan and Biju Janata Dal's Pranab Prakash Das. The campaign dynamics involve key figures like Amit Shah, VK Pandian, and local voter Subikash Badhei.
We wish to grow in SOBO market which will see resurgence of residential developments: Boman Rustom Irani, Keystone Realtors
Keystone Realtors, led by Boman Rustom Irani, are expanding into SOBO due to city infrastructure growth. FY25 outlook is positive, with FY24 surpassing expectations. Strong OCF, acquisitions, and partnerships contribute to the company's success. The real estate sector in Mumbai is poised for growth, driven by infrastructure development and a surge in redevelopment projects.
Evaluation of infrastructure requirements for achieving $1 trillion exports by August-September: Official
A study by the Asian Development Bank is underway to assess infrastructure needs and identify industry clusters to achieve India's USD 1 trillion merchandise export target by 2030. In 2023-24, exports dipped to USD 437 billion and imports to USD 675.4 billion. Investments in roads, ports, airports, and railways are crucial for handling the projected USD 2.5 trillion trade. Key sectors expected to drive export growth include electronics, pharmaceuticals, and marine products, with clusters in Chennai, Bengaluru, Gujarat, Odisha, and West Bengal.
A brief history of the 2,000-pound Mark 80 bombs central to U.S.-Israeli tensions
The Mark 84 is a 2,000-pound bomb, part of the Pentagon's Mark 80 series. President Biden delayed a shipment to Israel of these bombs amid concerns over their use in Gaza, where civilian casualties have occurred. Israel mainly acquires these bombs from the United States.
Why the US paused weapons shipment to Israel amid Gaza conflict
Amidst escalating violence in Gaza, the US has suspended a shipment of heavy bombs to Israel, citing concerns over civilian casualties. President Joe Biden emphasized the commitment to Israel's defense but stated that offensive weapons for densely populated areas would not be supplied. The decision comes amid a military assault in Rafah, raising questions about the impact of US arms in conflict zones. This development reflects a broader effort to balance support for allies with humanitarian considerations in conflict zones.
We are hoping to be closer to 25% of MSME lending in India in 2-3 years: SIDBI’s Prakash Kumar
Prakash Kumar, DMD, SIDBI explains the various initiatives being undertaken by them to reform the MSME ecosystem and why bringing more micro enterprises within a formal structure is essential to growth.
Sops, tier-2 cities top focus in tech’s Karnataka GCC Policy wishlist
Karnataka's GCC policy targets industry growth through infrastructure investment, employment incentives, single window approvals, fast issue resolution, industry-specific curriculum, flat rate markup, transportation solutions, digital engineering services, and the Karnataka Digital Economy Mission.
Excitement builds as 'Oshi No Ko' Season 2 unveils release date and more at Anime Japan 2024
Fans of the popular manga and anime series "Oshi No Ko" can rejoice as the eagerly awaited second season’s release date has been revealed. The announcement was unveiled during the Red Stage event at Anime Japan 2024, offering attendees thrilling glimpses and exciting reveals of the upcoming season.
SIDBI ET MSME Conclave: Last session in Aurangabad on March 19 to focus on cluster development and improving MSME competitiveness
The programme is now entering its last session which will be held in the city of Maharashtra with the aim to host and uplift its entrepreneurs and small businesses.
Helldivers 2: A guide on how to defeat Bile Titans
In Helldivers 2, Bile Titans are formidable foes, found in challenging Terminid missions. Their heavily armored bodies and lethal acid attacks make them a tough challenge. To defeat them, target their green-colored weak spots—mouth or underbelly—and use armor-piercing weapons and explosives, while maintaining a safe distance.
Torrent Power bags 306 MW solar project worth Rs 1,540 cr
West Bengal can save Rs 62,000 crore over a decade by transitioning from thermal power to renewable energy sources, according to a study by Climate Risk Horizons. Torrent Power has secured a contract from Maharashtra State Electricity Distribution Co Ltd for setting up 306 MW solar projects worth Rs 1,540 crore under the PM-KUSUM Scheme.
Accenture Strategy makes most offers in Cluster 1 of IIM Ahmedabad final placements
Prominent recruiters in consulting included regulars such as Oliver Wyman, BCG, McKinsey, Kearney, Strategy& Middle East, Monitor Deloitte, Simon-Kucher, Praxis Global Alliance, PwC, TCS and KPMG. Companies in the Investment Banking and Markets space included Goldman Sachs, Avendus Capital, Arpwood Capital, Barclays, HSBC, and DE Shaw.
Mahindra World City, Chennai signs MoU with Government of Tamil Nadu, to invest over Rs 1,000 Crores
Mahindra World City Developers Limited (MWCDL) has inked a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest over Rs 1,000 crore in the next five years. This investment, centered around the launch of Origins by Mahindra – Phase II at Eliambedu village in Chennai, is expected to create employment opportunities for more than 2,000 people in the state.
Aster DM Healthcare to set up 55-acre solar project to power seven hospitals in Kerala
Aster DM Healthcare has announced plans to build a 55-acre solar plant in Kasargod, India, aimed at powering seven hospitals in Kerala. The project, part of the company's sustainable healthcare practices, is expected to produce 10 MW of power, with the first phase covering a 27-acre plot set for completion by March 2024.
New study reveals rapid spin of Sagittarius A*, the galaxy's center black hole
Recent research unveiled that Sagittarius A*, the colossal black hole at the galaxy's core, spins rapidly, reshaping space-time around it. Using innovative methods, scientists determined its rotation, highlighting its influence on cosmic dynamics. Lead researcher Ruth Daly emphasized the significance of understanding black hole behavior in shaping galaxies. This study provides insights into black hole evolution, shedding light on the origins of these cosmic behemoths and their impact on the structure of our universe.
Maharashtra cabinet approves guidelines for cluster universities
Cluster universities will be public universities and the Maharashtra Governor, as chancellor of the universities, will appoint their vice chancellors, it said. At present there are three cluster universities in the state.
TCS top recruiter at IIM-A third cluster placements
Participating companies comprised twelve cohorts — banking, financial services & insurance; consumer technology; core manufacturing & infrastructure; education tech; enterprise tech; financial tech; gaming & sports; IT consulting & analytics; renewable energy & green tech; social enterprises & NGOs; government enterprises and artificial intelligence.
Mahindra top recruiter in Cluster 2 of IIM-Ahmedabad summer placements
The firms that participated in Cluster 2 for the PGP class of 2025 comprised seven cohorts - advertising and media, consumer electronics, consumer goods & durables, consumer services, conglomerates, retail B2B & B2C, and pharma and healthcare. "We saw a large pool of recruiters offering around 60 roles in the process," the institute said.
Wardwizard Innovations & Mobility to invest Rs 2,000 crore to develop EV ancillary cluster in Gujarat
According to the company, the agreement will help in fostering the growth of the EV industry and align with the government's vision of enhancing green mobility in the state.
What is iShowSpeed’s ‘deadly headache disease’? Know what happened to the YouTuber as he was rushed to the hospital
iShowSpeed, a well-known internet personality and streamer, recently uploaded a worrisome video where he is seen hurriedly taken to the hospital due to what he describes as a "deadly headache."
Nato Allies uneasy over US Plan to send cluster bombs to Ukraine, says former Diplomat
Former Diplomat Lord Ricketts has voiced his concerns over the US decision to arm Ukraine with cluster bombs and revealed that the Nato allies are ‘uncomfortable’.
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