Supreme Court’s Gorsuch steps away from case after recusal requestCHENNAI: Close on the heels of the Competition Commission of India (CCI) approving UltraTech Cement 's acquisition of India Cements , the latter has announced that it has become a subsidiary of UltraTech. The development will facilitate UltraTech adding India Cements' 14.5 million tonnes capacity spread across Tamil Nadu, Telangana, Andhra Pradesh, and Rajasthan to its consolidated production capacity of about 155 million tonnes per annum (MTPA) of grey cement. In a regulatory filing late on Tuesday evening, India Cements said, UltraTech Cement has acquired 10,13,91,231 equity shares representing 32.7% of the equity share capital of the company, in accordance with Regulation 22(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. UltraTech’s aggregate shareholding in the company has increased to 17,19,55,887 equity shares representing 55.5% of the company’s equity share capital including existing shareholding of 7,05,64,656 equity shares (22.8%). Consequently, the company has become a subsidiary of UltraTech with effect from Dec 24, 2024, India Cements informed the stock exchange. In July this year, India’s largest building materials maker, Birla struck a deal with India Cements vice-chairman & MD N Srinivasan and his family to acquire their cement business for Rs 3,954 crore. On Dec 6, 2024, UltraTech Cement and India Cements informed the stock exchange that notices have been received from the CCI over the latter's takeover by billionaire Kumar Mangalam Birla's company. Last week, the fair trade regulator gave its nod for the acquisition. It may be recalled that India Cements has been facing financial issues in recent quarters. One of the largest cement manufacturers in south India, the more than 75-year-old Chennai-headquartered company is associated with landmark projects including the Pamban Bridge in Rameswaram, IIT Madras, and the Swami Vivekananda Rock Memorial in Kanyakumari. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!Iran ready to set up joint sci-tech park in Iraq
TRM Labs strengthens its commitment to US Federal customers with FedRAMP High authorization, paving the way for enhanced security and compliance for blockchain intelligence in partnership with Palantir Technologies Inc. (NASDAQ:PLTR). SAN FRANCISCO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- TRM Labs, the leader in blockchain intelligence, today announced achieving FedRAMP High authorization and is now listed on the FedRAMP Marketplace under PFCS-SS. This milestone demonstrates TRM Labs' commitment to delivering the highest standards of security, compliance, and performance to federal agencies as they combat the evolving threat landscape. The Federal Risk and Authorization Management Program (FedRAMP) establishes rigorous security and compliance standards for cloud service providers to protect federal data. With this High designation, TRM Labs meets the most stringent security requirements, enabling federal agencies to leverage its blockchain intelligence tools for mission-critical operations in a secure environment. "Achieving a FedRAMP High authorization reflects our commitment to providing federal agencies with the most secure and reliable blockchain intelligence available,” said Esteban Castaño, Chief Executive Officer of TRM Labs. "This milestone enables us to support government partners in navigating the digital asset ecosystem securely while helping them achieve their mission.” With this designation, TRM Labs joins a select group of FedRAMP-authorized companies approved to deliver cloud software to government organizations. Federal customers can now access TRM's blockchain intelligence platform in a secure FedRAMP High cloud environment, ensuring compliance with rigorous data security, integrity, and monitoring standards. "By achieving this important milestone, TRM Labs further solidifies its position as a trusted partner for federal agencies in the fight against fraud, financial crime, and cyber threats. We are committed to providing a white-glove migration experience, ensuring your teams can achieve compliance quickly so you can continue to focus on your mission,” said Rahul Raina, Chief Technology Officer of TRM Labs. TRM Labs' blockchain intelligence platform is available under the listing for Palantir Federal Cloud Service listed on the FedRAMP Marketplace under PFCS-SS . For more information, email: [email protected] . About TRM Labs TRM Labs provides blockchain intelligence to help government agencies investigate and build cases for digital asset fraud and financial crime. TRM's blockchain intelligence platform includes solutions to follow the money, identify illicit actors, build cases, and construct an operating picture of threats. TRM is trusted by a growing number of leading agencies worldwide who rely on TRM for their blockchain intelligence needs. TRM is based in San Francisco, CA, and is hiring across engineering, product, sales, and data science. To learn more, visit www.trmlabs.com .
The Herald's Year in Review: Part 1
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While the general consensus on AI “hallucinations” – the generation of plausible but false information – are concerning, scientists are increasingly recognising their potential for driving innovation and discovery, report has said, adding that these unexpected outputs from AI models are proving surprisingly useful in fields ranging from medicine to climate science. According to a report in The New York Times, AI hallucinations, or inaccurate or misleading outputs can spark new ideas and accelerate the scientific process. AI hallucinations arise when generative models are trained on a specific subject and then allowed to rework that information, sometimes producing unexpected and even surreal results. “The public thinks it's all bad. But it's actually giving scientists new ideas. It's giving them the chance to explore ideas they might not have thought about otherwise,” Amy McGovern, a computer scientist and director of a federal AI institute, was quoted as saying. AI hallucinations speed up hypotheses According to the scientists, this ‘creative aspect’ of AI is proving valuable particularly in the early stages of scientific discovery , where hunches and guesswork often play a crucial role. AI hallucinations can speed up the process of generating and testing hypotheses, leading to faster breakthroughs. James J. Collins, an MIT professor, recently praised AI hallucinations for accelerating his research into novel antibiotics. “We're exploring. We're asking the models to come up with completely new molecules,” he said. The impact of AI hallucinations is evident in the work of Nobel laureate David Baker, who shared the 2024 Nobel Prize in Chemistry for his research on proteins. Baker credited AI hallucinations with helping his lab design millions of brand-new proteins not found in nature, leading to numerous patents and the founding of over 20 biotech companies .
InitVerse Launches INIChain with the World's first TFHE-Based EVM 12-17-2024 11:34 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: LianPR Singapore - Dec 17, 2024 - InitVerse has officially launched the upgraded version of INIChain, introducing TfhEVM-the world's first blockchain innovation that seamlessly combines Fast Fully Homomorphic Encryption based on the Torus (TFHE) with Ethereum Virtual Machine (EVM) compatibility. TfhEVM enables encrypted data computation directly on-chain, a breakthrough that ensures sensitive data can be processed securely while maintaining blockchain transparency and performance. As a privacy-first blockchain infrastructure, INIChain sets a new benchmark for decentralized applications, addressing critical challenges in data security without compromising efficiency or scalability. This pioneering fusion of TFHE and EVM marks a major step forward in blockchain technology, paving the way for a more secure and privacy-focused ecosystem. Image: https://www.globalnewslines.com/uploads/2024/12/60d88de7fbd42db7ca3592cb8f1bcd64.jpg How INIChain Solves Blockchain's Privacy Challenges Blockchain's transparency has long been a double-edged sword. While essential for trust-building, it often leaves sensitive data vulnerable, posing significant challenges for industries like AI that rely on large datasets. As Web3 enters mainstream adoption, the demand for robust privacy solutions is not only a user expectation but increasingly a regulatory requirement. INIChain, powered by TfhEVM, bridges this gap by enabling encrypted computations directly on-chain, ensuring sensitive information remains secure throughout its lifecycle while maintaining blockchain transparency. "TfhEVM is not just a technological achievement; it's the foundation of a more secure and inclusive Web3 ecosystem," said Nicolas, COO at InitVerse. "With INIChain, we're introducing a blockchain solution that empowers developers to build privacy-preserving applications that are scalable, efficient, and aligned with the needs of modern users." INIChain's Enterprise-Grade Privacy and Scalability INIChain's robust architecture positions it as a leader in enterprise-grade blockchain solutions. TfhEVM enables computation on encrypted data, ensuring complete privacy and security. Its EVM compatibility allows developers to migrate or adapt existing Ethereum-based applications seamlessly. Supporting TfhEVM is the Dual Dynamic Adjustment (DDA) mechanism, which dynamically allocates resources and adjusts block validation complexity based on privacy requirements and network load. This ensures scalability, decentralization, and performance even in high-demand scenarios. Complementing these features is the proprietary VersaHash algorithm, which enhances transaction processing speed while minimizing gas costs without compromising security. The INIChain ecosystem simplifies blockchain accessibility for developers and enterprises. By integrating a low-code SaaS platform, InitVerse allows rapid development and deployment of decentralized applications, reducing costs and accelerating time-to-market. With TfhEVM and DDA, developers can configure applications to meet specific privacy requirements, balancing performance and confidentiality seamlessly. Image: https://www.globalnewslines.com/uploads/2024/12/43c6892efa4735aa8e52aa0f562f71ca.jpg INIChain's transformative potential is evident in its real-world applications. By enabling secure computation on encrypted data, it ensures sensitive datasets-such as user geographic information or proprietary model inputs-remain protected. In the AI sector, the platform facilitates privacy-preserving machine learning and algorithm training without exposing raw data. Similarly, DeFi can leverage INIChain for secure credit scoring, safeguarding financial histories while building trust. With the official launch of INIChain new testnet, InitVerse is inviting developers, enterprises, and blockchain enthusiasts to join its ecosystem. This pioneering platform sets a new standard for blockchain privacy and scalability, paving the way for secure, innovative decentralized applications. For more information, visit https://genesis-testnet.inichain.com [ https://genesis-testnet.inichain.com/ ] or contact business@inichain.com Website: https://www.initverse.org/ [ https://www.initverse.org/ ] Testnet: https://genesis-testnet.inichain.com [ https://genesis-testnet.inichain.com/ ] X: https://twitter.com/initverse [ https://twitter.com/initverse ] Discord: https://discord.gg/initverse [ https://discord.gg/initverse ] Telegram: https://t.me/InitVerseWeb3 Medium: https://medium.com/initverse-official Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Media Contact Company Name: INITVERSE INNOVATION LABS LTD. Contact Person: Ronnie.Huang Email: Send Email [ http://www.universalpressrelease.com/?pr=initverse-launches-inichain-with-the-worlds-first-tfhebased-evm ] State: Dubai Country: United Arab Emirates Website: https://initverse.org/ This release was published on openPR.Former U.S. President Bill Clinton wished his supporters a “happy and healthy holiday season” after being discharged from the hospital. The former president, 78, was admitted to Georgetown University Medical Center, in the Washington area, on Monday after developing a fever, Clinton’s deputy chief of staff Angel Ureña wrote on X, adding that he remained “in good spirits.” In an update on Tuesday, Ureña said that Clinton had been discharged after being treated for the flu. “He and his family are deeply grateful for the exceptional care provided by the team at MedStar Georgetown University Hospital and are touched by the kind messages and well wishes he received,” he wrote. “He sends his warmest wishes for a happy and healthy holiday season to all.” Clinton was at home in Washington when he was taken to the hospital, CNN reported previously. The former president was hospitalized with a non-Covid infection that spread to the blood stream in 2021. He also has a history of cardiac issues, requiring a stent to open an artery in 2010 and a quadruple bypass heart surgery in 2004. Throughout the fall, Clinton campaigned on behalf of fellow Democrat Vice President Kamala Harris in her ultimately unsuccessful race against Donald Trump . On the trail, Clinton hammered Trump and made the occasional joke about his own age. “Two days ago I turned 78 – the oldest man in my family,” Clinton told the Democratic National Convention in August. “And the only personal vanity I want to assert, is that I’m still younger than Donald Trump.” “[H]ow does Donald Trump use his voice? Mostly to talk about himself—his vengeance, vendettas, complaints, conspiracies,” the former president added. “The next time you hear him, don’t count the lies, count the I’s. He’s like the tenor warming up before the opera: me, me, me, me.” Clinton’s name also surfaced during lighter fare this year, when actor Gwyneth Paltrow told the long-running YouTube series Hot Ones that Clinton very publicly fell asleep during a screening of her 1996 film Emma at the White House. “True – he was snoring right in front of me,” Paltrow said . In November, Clinton published a memoir, Citizen , about his time in public life after leaving the presidency. He was the 42nd president of the United States, and served two terms, holding the White House from 1993 to 2001. Clinton, who took office at the end of the Cold War, was the first president from the Baby Boom generation, and the first Democrat to serve two terms since Franklin D. Roosevelt. He’s remembered for steering the party towards centrism on issues ranging from the welfare state to criminal justice . His time in office was marked by both considerable achievements, including a booming economy, and personal scandals. Clinton was the second president in U.S. history to be impeached , after lying about the affair he had with White House intern Monica Lewinsky. He was ultimately acquitted in the Senate and remained in office. After leaving office, both Bill Clinton and former First Lady Hillary Clinton pursued public service. Hillary Clinton served as a U.S. senator for New York then Secretary of State during the Obama administration, while Bill Clinton remained active as a key figure within the Democratic party, and worked on global affairs through the Clinton Global Initiative.