Category: India LIVE

Abu Dhabi-based investment firm Lunate has revealed the launch of the first exchange-traded fund (ETF) in the GCC that focuses on German equities. The new Chimera S&P Germany UCITS ETF will offer retail investors in the UAE an opportunity to access Germany’s diversified economy, the largest in Europe and third-largest globally by nominal GDP. Lunate has announced that the ETF will track the S&P Germany BMI Liquid 35/20

India has renewed its anti-subsidy duty on Chinese imports of Atrazine Technical, a herbicide used extensively in agriculture, for an additional five years. This measure, initially enacted in 2019, aims to safeguard domestic manufacturers from the impacts of subsidized exports that could undermine local production.

The decision by India’s Directorate General of Trade Remedies (DGTR) reflects ongoing concerns over unfair trade practices in the global chemicals market. Atrazine Technical,

Iran and India are poised to enhance their tourism ties with a new Memorandum of Understanding (MoU) focused on boosting cooperation and increasing tourist exchanges. This agreement builds on Iran's recent move to waive visa requirements for Indian travelers, a policy that has already led to a noticeable rise in visitor numbers.

The MoU, expected to be finalized shortly, aims to foster greater collaboration between the two nations in

A study by researchers at Rush University System for Health has established a notable connection between outdoor light exposure at night and an increased risk of Alzheimer's disease. Published in *Frontiers in Neuroscience*, the research highlights the potential adverse effects of light pollution on cognitive health.

The investigation involved an analysis of data from a cohort of older adults who were monitored over an extended period. Researchers focused on

Abu Dhabi-based MGX, a state-backed technology investment firm, is reportedly exploring an investment in OpenAI. This potential move follows OpenAI’s current efforts to raise $6.5 billion in funding, aiming to reach a valuation of $150 billion. OpenAI, the company behind the widely used AI language model ChatGPT, is looking to accelerate its AI initiatives amid heightened global interest in artificial intelligence technologies.

MGX, which was founded in 2024 with

Adobe's stock experienced a significant drop following its third-quarter fiscal 2024 earnings report, which showcased strong performance but was overshadowed by disappointing guidance for the upcoming fourth quarter. This development saw the stock fall by 10% in post-market trading, largely driven by investor concerns about Adobe’s softer-than-expected projections for both revenue and earnings per share (EPS) in Q4.

The third quarter results exceeded market expectations, with revenue and adjusted EPS both

Gelato, long a symbol of Italian craftsmanship and culinary artistry, is now undergoing a cutting-edge transformation, courtesy of AI technology. Milan’s bustling ice cream scene has become the stage for a unique blend of tradition and innovation, with a local gelateria leveraging ChatGPT to create new flavors. This new wave of gelato design taps into artificial intelligence, bringing a futuristic twist to the centuries-old dessert.

Using ChatGPT, shop owners

Microsoft’s ambitious leap into the world of generative AI with its Copilot tool has garnered widespread attention. Positioned as an AI-powered assistant integrated into nearly all Microsoft 365 services, Copilot promises to revolutionize the way businesses operate. The company is marketing Copilot as a game-changer, boosting productivity and potentially transforming enterprise workflows. Its integration into Microsoft’s suite of products suggests a long-term commitment to AI-powered solutions. However, as

The International Digital Energy Expo 2024, held in Shenzhen, has become a key event spotlighting cutting-edge developments in smart and digital energy solutions. Drawing participants from across the globe, the expo showcases the latest in energy technology, with a strong focus on innovation, sustainability, and integration of digital solutions in the energy sector. This year's expo has highlighted new products, partnerships, and initiatives that aim to revolutionize energy

ENBD REIT, the real estate investment trust managed by Emirates NBD Asset Management, has disclosed a significant 40% decrease in its Funds From Operations (FFO) for the latest financial quarter. This sharp decline is primarily attributed to a substantial rise in provisions related to potential loan defaults and valuation adjustments.

The financial report reveals that the trust's FFO fell to AED 28.4 million in the second quarter of 2024,

Ireland’s Data Protection Commission (DPC) has launched a statutory investigation into Google's AI model, focusing on the company's compliance with GDPR obligations. This probe addresses whether Google conducted the required Data Protection Impact Assessment (DPIA) when using personal data from European Union (EU) citizens in the development of its artificial intelligence tools.

The inquiry centers on Google's Pathways Language Model 2 (PaLM2), which is a sophisticated AI model used

Generative artificial intelligence (AI) has gained considerable attention worldwide, particularly with the rise of tools like ChatGPT. However, its penetration and regular usage vary significantly across different countries and demographic groups, as evidenced by findings from an extensive online survey covering six nations: Argentina, Denmark, France, Japan, the United Kingdom, and the United States. While there is broad awareness of the technology, its adoption in everyday life remains limited, with only

Mubadala Energy has secured a major step forward in its Andaman exploration endeavors by obtaining the Central Andaman block exploration license. This milestone, achieved in collaboration with Harbour Energy, marks a significant development in the company’s expansion within the Southeast Asian energy sector.

The Central Andaman license, granted by MIGAS, Indonesia’s oil and gas regulatory authority, assigns Harbour Energy a 60 percent operated interest while Mubadala Energy holds a

Emirates is poised to take delivery of its inaugural Airbus A350 aircraft in October, marking a significant milestone in the airline's fleet modernization efforts. The introduction of this advanced aircraft is expected to enhance the airline's operational efficiency and passenger experience.

The Airbus A350, renowned for its fuel efficiency and advanced technology, represents a major leap forward in aviation. Emirates' decision to integrate this aircraft into its fleet aligns

Huda Beauty, a prominent player in the global cosmetics market, is exploring the sale of its rapidly growing perfume division, Kayali, according to sources familiar with the matter. The Dubai-based beauty company has engaged Goldman Sachs Group Inc. as an advisor for this potential transaction. The move signifies a strategic shift aimed at enabling both the fragrance and cosmetics segments of the business to pursue independent growth trajectories.

The

NMDC Energy has officially commenced trading on the Abu Dhabi Securities Exchange (ADX), marking a significant milestone for the Indian multinational’s expansion into the Middle Eastern market. The company’s initial public offering (IPO) has garnered exceptional interest, being oversubscribed by an impressive 31.3 times, underscoring robust investor confidence in its future prospects.

The IPO, launched to raise capital for its expansion and operational activities, was met with an unprecedented

PayPal and Venmo are set to incorporate Ethereum Name Service (ENS) blockchain names into their platforms, a move announced by ENS Labs on Tuesday. This integration will initially roll out to users in the United States and is expected to enhance the ease of cryptocurrency transactions by allowing users to utilize human-readable names rather than lengthy alphanumeric addresses.

ENS Labs, the company behind the Ethereum Name Service, has pioneered

Abu Dhabi-based advanced technologies group G42 is set to establish AI-ready data centers in India with a capacity of up to 2 gigawatts (GW), a move that will double the country’s existing total capacity. The ambitious project is part of a strategic pact between the governments of the UAE and India, which seeks to foster collaboration in artificial intelligence (AI) and related technological advancements, a senior executive confirmed.

Manu

The gaming industry is undergoing a seismic shift as Web3 technology propels a new era of decentralized gaming. In a bold move that promises to redefine the future of the gaming world, two of the largest tech giants, traditionally fierce competitors, have now entered the Web3 gaming ecosystem, signaling a convergence of blockchain, cryptos, and gaming. This collaboration, which would have been unthinkable a few years ago, highlights

Australia is moving towards setting a strict age limit for children using social media platforms like Facebook, Instagram, and TikTok. Prime Minister Anthony Albanese is advocating for a ban on children under the age of 16, citing the harmful impact of social media on mental health. The proposed law will include penalties for companies allowing underaged access. Trials to verify age limits are planned, though experts warn that

Drydocks World, a leading maritime services provider, has secured a significant asset with the acquisition of the largest floating crane in the region. This strategic move aims to bolster the company's capabilities and position within the maritime sector, reflecting an ongoing trend of consolidation and investment in infrastructure across the industry.

The floating crane, named "Giant Crane," boasts a lifting capacity of 1,600 tons, surpassing other cranes in the

China has intensified its efforts to transform its education system as part of a broader national strategy aimed at becoming a global leader in academia by 2035. The latest drive aligns with the nation's ambition to enhance innovation capacity, cultivate top-tier talent, and modernize its educational infrastructure. President Xi Jinping, speaking at a national education meeting in Beijing, reiterated the importance of strengthening the country's educational framework as a fundamental aspect

The UAE-India Business Forum is set to commence tomorrow in Mumbai, focusing on strengthening economic ties between the UAE and India. Organized by the UAE Ministry of Economy in partnership with the UAE Embassy in New Delhi and India's Ministry of Commerce and Industry, this forum marks an important step in expanding bilateral trade relationships, particularly beyond the Comprehensive Economic Partnership Agreement (CEPA) that came into effect in

The U.S. Securities and Exchange Commission (SEC) has recorded an extraordinary rise in enforcement actions against crypto firms in 2024, hitting an all-time high of $4.7 billion. This marks a remarkable 3,000% increase from the $150.3 million imposed in 2023. The dramatic surge stems primarily from the record-setting settlement of $4.47 billion with Terraform Labs and its co-founder Do Kwon in June 2024, a key factor that has