Industry News

Informatica is Set to Deploy First Generative AI-Powered CLAIRE GPT for Data Management

In an announcement during the annual conference at Informatica World 2023, Informatica LLC, an enterprise cloud data management firm will deploy cutting edge technologies “CLAIRE GPT” an integration between the vendor’s augmented intelligence engine and industry’s first generative AI power capabili

Ibri Industrial City Project Nearing Completion

Oman''s Industrial Parks Public Authority (Madayn) announced that the Ibri Industrial City project in Sultanate is progressing steadily, with more than 80% of the work in the first phase completed.

Swachh Bharat Mission Grameen Phase II: Half of India''s Villages Now Open Defecation Free Plus!

The Swachh Bharat Mission Gramin (SBM-G) has attained a significant milestone by designating 50% of India''s villages as ODF Plus.

MediaTek Boosts Flagship 5G Smartphones Performance Further with the Dimensity 9200+ Chipset

With the recent release of its flagship 5G smartphone Dimensity 9200+ chipset, MediaTek has increased the scope of its dimensity portfolio. For improved gameplay and longer battery life, this new product improves overall performance while preserving power efficiency.

A private 5G network has been introduced by Ericsson to the Tallinn supply facility

Telia, a Swedish telecom company, and Ericsson are collaborating to provide a private 5G network. Numerous cutting-edge use cases, including real-time video analytics and digital twins, will be made possible.

HPL Electric and Power Ltd, secured orders worth 24.85 USD Million for the supply of smart meters

Leading Indian electrical equipment supplier HPL Electric and Power Ltd recently received orders for the supply of smart meters totaling USD24.85 million. Contracts have been secured from various state electricity distribution companies as well as private sector clients.

Challenges in Power Generation: NLC''s Thermal Plants Shut Down Causing Power Shortage in Southern India

The Neyveli Lignite Corporation (NLC) India Limited in the southern Indian state of Tamil Nadu has experienced a significant in power generation due to the shutting down of its thermal power plants.

Global Refinery Margins Lose Steam as Russian Oil Finds New Outlets

As Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March, global diesel margins have fallen by about half since February, weighing on refiners'' profits.

India’s ONGC Likely to Commence Crude Oil Production in Krishna Godavari basin by June

The state-run energy major Oil and Natural Gas Corp (ONGC) plans to start crude oil production, and further on, gas production in 2024

Jawaharlal Nehru Port Sets Global Record with 24-Hour Turnaround Time for Container Ships

Jawaharlal Nehru Port, India''s largest container port, has set a global benchmark with record turnaround times for its container ships.

Government-backed SJVN Ltd. wins bid for 100 MW wind power project in Gujarat

SJVN Ltd., a joint venture between the Government of India and the Government of Himachal Pradesh, has successfully secured a 100 MW wind power project in Gujarat, India. The project, which is expected to be commissioned by March 2024, is going to be located in the Kutch district of Gujarat.

Lithium Reserves Discovered in Rajasthan

In a major discovery, lithium reserves have been found in Rajasthan, which could significantly boost India''s position in the global electric vehicle market.

Samsung Takes a Stand for Data Privacy: Bans Staff Use of AI Amid Data Leak Concerns

Samsung, the South Korean multinational conglomerate, has banned its employees from using AI (Artificial Intelligence) technology due to concerns over potential data leaks.

Ascend Elements Opens One of the Largest North America’s Electric Vehicle Battery Recycling Plant in Georgia

In order to meet the anticipated demand for recycling a significant number of electric vehicle batteries as the federal government pushes for increased EV production in the United States, Ascend Elements will open its first commercial-scale lithium-ion battery recycling operation in March 2023.

Microsoft Introduces GPT-4 in Azure OpenAI Service

Microsoft acknowledged that GPT-4 is now preview-ready in Azure OpenAI Services in March 2023.

Glüxkind Unveiled Smart Stroller ‘Ella’ at CES 2023

Glüxkind is a Canadian baby technology startup founded in 2020 by Anne Hunger and Kevin Huang.

US-FDA approves World’s First Respiratory Syncytial Virus (RSV) Vaccine

The approval of Arexvy manufactured by GlaxoSmithKline, plc. is a public health achievement.

PPG Completes USD15 million Brown Field Expansion in Brazil, Indiana

To cater to the increasing customer demand for sustainable coating solutions PPG announced completion of expansion of its powder coatings production facility in Brazil, Indiana

NGS-Based In-Vitro Diagnostic Device, xT CDx gets FDA Approval

Tempus Labs, Inc. receives its first premarket approval from the FDA for xT CDx

Master Data Management Market is expected to Grow with a CAGR of 8.34 % through 2029

Rise in number of data management tools and government rules & regulations are the major factors driving the Global Master Data Management Market throughout the forecast period.