American multinational giant Amazon has reportedly announced an allocation of US$15 million for nature-based solutions across the Asia-Pacific (APAC) region. Apparently, the funding comes from Amazon's US$100 million Right Now Climate Fund, which was established in 2019 to support environmental restoration and conservation initiatives for boosting biodiversity and climate resilience. It is also aimed towards generating social and environmental gains in areas where they operate. According to the Global VP for Sustainability of Amaz
Qualcomm, an American chipmaker, has reportedly announced the launch of its series of Snapdragon G range for portable gaming devices. The series comprises the G1, G2, and G3 processors, the latest enthusiast-class CPU, as well as a Snapdragon G3x Gen 2 Platform. Qualcomm has claimed that the brand-new Snapdragon G-series processors are designed to match the feature and performance requirements of specialized gaming devices. According to Qualcomm Technologies, Inc.'s senior director of product management, Mithun
The Abu Dhabi Sports Council (ADSC) and Al Masaood Automobiles, who is the exclusive distributor of Nissan in Al Ain, Abu Dhabi, and the Western Region have reportedly reaffirmed their strategic partnership, under which the two organizations work together to support major sporting events and activities held in the nation's capital. Apparently, since the partnership's inception in March 2022, Al Masaood Automobiles Nissan has sponsored a variety of high-profile events, including the Leaders' Summit, FIBA 3X3 World Basketball Tour, as well as&
According to Goldman Sachs Economics Research, investment in artificial intelligence (AI) is growing swiftly and may reach $200 billion globally by 2025, which might ultimately have a significant influence on GDP. The economists at Goldman Sachs, Joseph Briggs, and Devesh Kodnani, recently revealed that generative AI has significant economic potential and might increase global labor productivity by over 1% per year within a decade after broad adoption. However, for large-scale transformation to happen, fi
Harmony Organics, a specialty chemicals firm, has reportedly announced that it has received INR 225 crores from Piramal Alternatives, the Piramal Groups investment management division, to capitalize on rising worldwide prospects in the fragrance and flavor market. The corporation made it known that convertible securities are how the money raised through Piramal Alternatives is structured. Sandeep Mehta, the CEO, and Managing Director of Harmony Organics indicated that the company intends to make significant investm
Sodexo will reportedly expand InReach's product offerings in the rapidly expanding North American convenience sector by acquiring A.H. Management, the leading provider of convenience solutions in Chicago. Apparently, Sodexo will increase its convenience offering by strengthening its territorial footprint in North America and accelerating its food transformation plan to satisfy rapidly changing customer wants and behaviors in hybrid working settings. This most recent action follows Sodexo's objective to revamp on-site food offerings and update current food models.
Infosys' share price was reportedly up 2% at Rs 1,445.35 at 9.20 am after the company revealed that it had signed a multi-year deal with one of its important clients to supply AI and automation-related services. According to reports, Infosys announced that it has entered a framework deal with one of its current strategic clients for the provision of development, and maintenance services driven by AI and automation. Over a five-year period, the total customer target is anticipated to be USD 2 billion. Apparently, On
Fumio Kishida, the prime minister of Japan, reportedly announced that the 110 Japanese businesses working across Saudi Arabia are planning to increase their operations in the region. Additionally, he emphasized Japan's commitment to working with Saudi Arabia on semiconductor projects. Apparently, Kishida made the remarks after arriving in Jeddah on the first part of a three-day Gulf tour that will include his visits to the United Arab Emirates and Qatar. The prime minister stated that the goal of that tour is to improve Saudi Arabia&#
American multinational conglomerate, Honeywell has reportedly agreed to purchase SCADAfence, a leading operational technology (OT) and IoT cybersecurity solution provider for monitoring large-scale networks. Apparently, SCADAfence delivers proven capabilities in asset discovery, security governance, and threat detection, which are crucial to industrial as well as buildings management cybersecurity programs. The OT cybersecurity industry is estimated to record over $10 billion in the next few years. Especially across the industrial sec