Market Updates

Electric Vehicle Current Market Scenario
July, 2018

Governments are increasingly focusing on developing new policy framework and updating existing policies related to the promotion of electric vehicle and supporting infrastructure, to address fuel-economy standards, EV price points, charging infrastructure and other measures including zero-emission vehicle (ZEV) mandates.Growing number of governments setting objectives for EV deployment is propelling the growth of global electric vehicle market, which is clear signal for manufacturers and other stakeholders of the electric ve [...]

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First Direct-to-Consumer Test Approval by FDA for Genetic Cancer Risk
July, 2018

Cancer is a group of disease in which abnormal cells divide without control and can invade nearby tissues. There are more than 100 types of cancer that includes breast cancer, skin cancer, lung cancer, colon cancer, prostate cancer, lymphoma, and others. WHO reported that cancer is the second leading cause of death across the glo [...]

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AkzoNobel Begins Production at Chinese Powder Coatings Plant
July, 2018

AkzoNobel commenced production at its new powder coatings plant in Changzhou, China by May end. It has been built within the existing site. The company has invested €40m worth facility to start the production. The main motto behind the expansion was boosting its position in the global powder coatings market. This facility will help to meet increasing demand for more sustainable coatings solutions in key [...]

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General Electrical: Healthcare Spin Off
July, 2018

General Electrical: Plans to separate its healthcare business as a standalone business from oil giant Baker HughesGE announced to spin-off its healthcare business and gain focus on aviation, renewable energy, and power. This radical approach to reshape has resemblance to the conglomerate due to its financial position. The struggle to reshape its business and decline in stocks has led GE to announce the spin-off. It [...]

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LyondellBasell Growing with Inorganic Growth Approach
July, 2018

Ongoing Merger of A. SchulmanLyondellBasell’s acquisition of A. Schulman, the deal worth $2.25 billion, has already got clearance from antitrust regulators in the US, Serbia, China, Turkey and Serbia. Shareholders also approved the merger. The merger shall give LyondellBasell the capability and access to downstream markets such as high engineered plastics, engineered composites, and masterbatch.Braskem Acquisition TalksLas [...]

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Environmental Pollution Control Again in Light in Chemical Industry
July, 2018

Chemours Defends Phasing Out of HFCsBackground: Chemours and Honeywell have jointly petitioned against the appeal court decision to abandon the hydrofluorocarbons (HFCs) phasing-out program. The court said the HFCs are not ozone-depleting substances. The environmental protection agency (EPA) sought to phase out these, because these are powerful greenhouse gases.Impact: Both companies, Chemours and Honeywell, make hydrof [...]

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Graphmatech and Add North 3D Develops 3D Printable Graphene Filament
July, 2018

Graphene nanocomposite company Graphmatech develops industrial grade printable grapheneThe Swedish company Graphmatech and startup Add North 3D has teamed up to develop industrial grade graphene filaments. Graphmatech is a graphene nanocomposite developer that was founded in 2017 by materials scientist Dr. Mamoun Taher and serial entrepreneur Björn Lindh. The company is also involved in the designing and manufacturing of Graphene hybrid material called “Aros Graphene”. Ever since [...]

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Stethee: World’s first AI Enabled Stethoscope
July, 2018

AI Enabled Stethoscope in 21th Century Australian based M3DICINE has developed “Stethee”, an AI enabled stethoscope. The device is a startup project that can be used like a traditional stethoscope for auscultation of the patients, nevertheless the device amplifies, fi [...]

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First FDA Approved Cannabis-based Drug - EPIDIOLEX
July, 2018

The US Food and Drug Administration (FDA) has approved the use of the first cannabis-based drug - Epidiolex, legalizing in the United States. Epidiolex is an oral drug, which is developed by GW Research Ltd., will be used to treat Lennox-Gastaut syndrome - one form of epilepsy - in patients over the age of two. In addition to being the first cannabis-based drug to be approved in the US, Epidiolex is now the first FDA-approved drug to treat Dravet syndrome too.Epidiolex is a syrup-like medicine, which contains an active ingre [...]

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Cryptojacking- A New Opportunity for Cybercriminals
July, 2018

To better understand the concept of cryptojacking, the most used and the important concept of Mining in cryptocurrency should be known.What is Mining?Crypto currencies are digitalized assets used as a mode of financial transaction using blockchain technology, which is suited to manage digital ledger [...]

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