Despite economy growth rate of over seven percent, the Indian stock markets are suffering from the selloff by foreign investors. The domestic stock markets may enter bear territory soon after the fall in Shanghai and Tokyo markets. The cash-strapped foreign investors are offloading in Indian stocks since November 2015. On the other hand, Asian stocks gaining momentum following the marginal rebound in oil price.
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Social Network Facebook to construct second data center in Ireland
Facebook announced its plan to open the second data center in Clonee, Ireland. By opening the Clonee center, the company is joining a list of companies like Google, Apple, Microsoft and Amazon, which operate some of the European centers in the nation.
3D VR Image Rendered By Google Cardboard Sets A Milestone In The History of Cardiac Surgery
Teegan, a baby girl has born in August with a half heart and single lung in a Minnesota hospital. The baby has showed strength of her life through remaining alive after 2 months diminishing doctors’ predictions which prompted her parents to contact Dr Remond Burke, chief of cardiovascular surgery at the Miami hospital. He and a team of 30 doctors and nurses have conducted a 7 hour long surgery through 3D image generated by Google Cardboard. The baby is safe after four weeks and now hopes to go home after next two weeks.
EIF-backed $105 million fund to support more Phase III last-stage trials
Abingworth, the life-sciences international investment firm, announced last Thursday that they have raised a new $105 million Abingworth Clinical Co-Development Fund (ACCF) - the result of an investment made by the European Investment Fund and others. The fund is designed to support late-stage clinical therapies through co-development companies.
Major banks funding Bitcoin startup on recording blockchain deals
A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset said that it has raised over $50 million funding from 13 investors. The list of investors includes JPMorgan Chase & Com, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture Plc.
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The stockpiles levels in China, the biggest commodity consumer, are impacting copper prices in the global markets. Copper price is hovering at $4,400 per metric ton and is moving in consolidation phase. Chinese smelters may cut down output and stop increasing capacities this year.
FiveStars, one of the most popular business startups, has raised $50 million funding from Series C round to expand its business across the US. With its innovative customer management tools, every customer is being identified with a number. So all the customers are new here and receive VIP treatment during every visit. Despite charging with a quite higher monthly fee in a competitive market, its clients feel like getting more than they spend.
cloudControl, German owning entity of dotCloud, has filed for bankruptcy this week. To facilitate operation for the European brand, it has decided to shut down the operation of dotCloud. The PaaS has sent mails to its users regretting its failure to continue service and expresses gratitude for keeping trust on the brand. The startup that has once independently backed Silicon Valley’s prominent startup, Y Combinator, is going to end its path on February 29.
The store who designed and manufactured the shirt keeps getting surge of orders. El Chapo, the drug lord captured last Friday, was shown wearing that shirt on a photograph with actor Sean Penn.
Hinrich J. Woebcken, a former BMW executive, has been appointed by emission scandal-hit Volkswagen to oversee business operations in the US, Canada and Mexico. Woebcken will assume charge from 1 April 2016. Audi and Porsche brand don't come under Woebcken's area of operations. However, Volkswagen has retained Michael Horn as CEO of Volkswagen Group America Inc. The emission-scandal hit Volkswagen has been facing regulatory investigations in the US.
IBM has announced Thursday purchasing live video streaming platform, UStream. Details of the acquiring deal haven’t been disclosed, but the price believed to peg a price not more than $150 million in cash. IBM has furnished a press release in its website, which ends leaving probability for changing its narrated goals on forming cloud video unit.
The New York Times has published its first online edition on Jan 22, 1996. Marking the 20th founding anniversary, the news conglomerate has launched ‘History of NYTimes.com’, narrating chronology of the news website’s evolution and further development. The capsule offers video and audio contents including interviews with people related to the evolution.
This year's winter in Delhi, India has been particularly cold with temperatures hitting 14 degrees Celcius affecting thousands of homeless who live on pavements under the open skies. NGOs have come to their rescue providing temporary shelters made of materials like bamboo, reinforcing rods, canvas, and net to keep away disease borne mosquitoes. At least 7 bodies have been found in several areas in Delhi of homeless people having died of winter cold. The government has also provided services to rescue homeless in distress.
Two of Fiat 500L used by Pope Francis during his visit in U.S. will be auctioned next week in Philadelphia Auto Show. Pope used the car during his historic visit to U.S. last September.
