MAN Energy Solutions initiates open platform for digital data exchange

MAN energy solutions is established in Augsburg, Germany, is a multinational company that yields large-bore diesel engines and turbomachinery for both sea or marine and stationary uses, as marine propulsion systems, power plant applications and turbochargers.  It has launched a new open platform for the exchange of data that can be done digitally. The new open platform will function under the name mýa and

Nestlé withdraws production of lower-sugar Milkybar Wowsomes

In the latest announcement Nestlé has announced to withdraw the production of its lower-sugar chocolate bar- Milkybar Wowsomes, a product launched in the UK and Ireland in 2018. The alleged reason stated by the Swiss food giant for the discontinuation has been “underwhelming” demand. According to reports the bars used “hollow” sugar crystals, a result

Aerospace firm- Ananth Technologies to build foreign-owned satellites in India

Ananth Technologies an Indian aerospace firm has contracted deals to build six foreign-owned satellites in India. It is the first private firm to make satellites for global customers. The Hyderabad based firm Ananth Technologies is a supplier of systems for Indian Space Research Organization’s (ISRO) satellites and is now also set to open a full-fledged

Startup NewSpace Networks invests $200M to promote software-centric space industry

Aerospace software and investment company- NewSpace Network has recently announced to invest $200 million in an attempt to transform the hardware-focused space industry into more software-centric. According to reports, in order to achieve this aim the startup is planning to put efforts into investment, acquisition and internal product development. Furthermore, company spokesperson also said they

Impala to build single API for entire hotel industry

In the latest news, Impala- London-based startup, is raising $20 million Series B round led by Lakestar. According to reports, Latitude Ventures is also participating in the round. According to reports, the company is developing a service which functions like Plaid, will however be applicable for hotel rooms. The hotel industry is dependent on old-school

Elon Musk’s mind-reading technology could be about to take a big leap forward

The fantasies of the individuals who need to associate their cerebrums to PCs could be going to make another stride towards the real world, as Elon Musk took to Twitter to prod a “marvelous” update around his neural interface fire up Neuralink. Remarking on the discoveries of examination firm ARK, which positioned profound learning as

KPMG report underlines rise in number of UK companies entering administration

Based on a latest report published by accountancy firm KPMG, the number of firms across England and Wales, getting into administration rose by 5% to more than 1400 last year. The report further suggests that Brexit uncertainty and the economic turmoil which followed in particular affected the building and construction industry, in addition to property