Market Updates

Walmart Store - Scanning Robot Receives Big Boost
December, 2018

Bossa Nova Robotics raised $29 million in new venture funding from Cota Capital, China Walden Ventures and LG Electronics. This latest round of funding brings the company's total funding to $70 million. Bossa Nova, the company which makes the shelf-scanning robots, is rolling around in few Walmart stores as part of their ongoing trial program. Walmart stores use Bossa Nova robots, whi [...]

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Use of IoT in Construction Industry
December, 2018

IoT is witnessing an increased growth in the construction industry. IoT enabled sensors aids construction workers to have a central data platform for finding performance parameters. Sensors used in ventilation ducts and elevators monitor patterns and alerts workers in critical situations. This could help to lessen the time for building maintenance and prevents any major loss of money. IoT also helps to avoid building collapses and thereby ensures zero loss of human lives.Apart from these IoT is also used for fleet management [...]

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Use of IoT in Food Industry
December, 2018

IoT is witnessing an increased growth in the food industry. One of the major areas where IoT is used in the food industry is to improve food safety. For instance, real-time temperature tracking sensors could be used in cold chain management for ensuring food safety. IoT also helps to ensure more transparency in the food supply chain and connects the supply chain with real-time product data for ensuring transparency.IoT could be used to monitor the condition of food products and could inform the assigned individuals or employ [...]

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5 Emerging Trends in Dentistry
December, 2018

The rising popularity of knowledge based, and evidence-based dentistry has enabled dentists to take accurate decision instead of personal judgments. Most of the dentists are focusing in adopting stringent control over the dental procedures and try to maintain a standard evaluation for new products that are present in market. The advancement in dentistry has enabled the adoption of newer products, which have clinical evidence or data. Currently there are multiple research studies performed to standardize the dental implant framework. This is hel [...]

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INEOS To Buy Ashland Composites Business
December, 2018

INEOS a UK based firm has agreed to buy composite business of Ashland a US based firm for around $1.1 billion. In the prescribed deal INEOS would get around 20 manufacturing sites of the composite business of Ashland. These sites are located in various geographies such as, Middle East, Asia, North America, Europe and South America. Also, Ashland’s Germany-based butanediol (BDO) facility is included in the deal that produces intermediates for high-performance polyesters and polyurethanes. The unit is located in Marl, Germany.< [...]

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US Sanctions – Chinese CNPC Replacing French TOTAL in Iran
December, 2018

Iran’s oil minister, Zanganeh officially announced the Total’s replacement in South Pars project by Chinese firm China National Petroleum Corporation (CNPC). This is one of the major event wherein Iran’s development work has been affected involving major multinational organization. The total was one of the first big multinational organizations which returned to Iran last year, post lifting of the US sanctions. However, the US pulling out of the nuclear agreement, imposed sanctions on Iran causing dramatic changes in the busine [...]

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UK trades off faster drug review process, for 2% cap on sales
December, 2018

The UK government along with the Association of the British Pharmaceutical Industry (ABPI) has engaged in a scheme for access and pricing of the branded drug pricing, substituting the Pharmaceutical Price Regulation Scheme. The deal is expected to be finalized and be effective from January 2019. However, the two major details release currently are: All the branded drugs will be subjected to a sales growth cap of 2%, and the pharmaceutical players will be reimbursing the NHS if they exceed the sales limit [...]

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GSK’s Respiratory Business Probable Spin-off
December, 2018

According to Axel Hoos (Head of Oncology, GSK), it is expected that GlaxoSmithKline may exit its Respiratory business and focus on more investment in its Oncology segment and R&D.Withdrawing from its Respiratory business would still be an enormous change for

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Clariant Partners with Neste
November, 2018

Clariant partners with Neste, who is one of the provider of sustainable diesel and renewable chemical provider. The partnership will include Neste’s renewable hydrocarbons to increase the product portfolio that are derived from renewable raw materials. Clariant attaining the sustainable solutions will positively impact various industries such as, plastics, adhesives and coating market.Neste’s C2/C3 monomers derived from renewable hydrocarbons will be utilized by Clariant. The feedstock is manufactured from residu [...]

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Importance of Recycling & Circular Economy – BASF View
November, 2018

The recycling and plastic waste has been in news recently, indicating the corporates in industry to take responsive measures to ensure the relevance in the changing environment. The developments such as limiting the Chinese acceptability for plastic waste from the US, and proposal of non-recycled plastic tax by the UK were in the lime-light for some time, impacting the corporate strategies for companies across the globe.Dr. Martin Brudermüller, CEO BASF while presenting the organizational strategy in Ludwigshafen, was f [...]

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