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State Bank Of India Ports-to-energy conglomerate Adani Group has forayed into copper manufacturing with tying up of finances from public sector lenders for a 1 million tonnes a year unit at Mundra in Gujarat. "Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for production of refined copper with 1 million tonnes per annum in two phases," the company said in a statement. For the phase-1 capacity of 0.5 million tonnes, KCL has achieved financial closure through a syndicated club loan for the greenfield copper refinery project at Mundra, Gujarat. It has executed "financing documents with the consortium of banks led by State Bank of India (SBI). The other consortium members are Bank of Baroda, Canara Bank, EXIM Bank of India, Indian Bank, Punjab National Bank, and Bank of Maharashtra," the statement said. The consortium of banks has sanctioned and signed an agreement for the entire debt requirement of Rs … [Read more...] about SBI, other PSU banks commit Rs 6,071 crore to Adani Group for copper business

For music geeks, building a synthesizer has always been a way to experiment with sound, far beyond what commercial synths will allow. But for those who have never picked up a soldering iron, it can be intimidating. Last week, open-source hardware startup littleBits unveiled its answer: SynthKit, a modular synthesizer kit that lets anybody–from hardcore hobbyists to toddlers–snap together their own miniature playable synths. advertisement advertisement The littleBits Synth Kit , a collaboration with Japanese synthesizer company Korg, comes with 12 color-coded modules that each contain a standard synthesizer component: oscillators, a sequencer, a delay knob, a speaker, even a tiny keyboard. These pieces can be snapped together in any combination, making for an open-source, DIY analog synthesizer with hundreds of thousands of possible arrangements. At last Thursday’s launch event in New York City’s East Village, these little interchangeable widgets were … [Read more...] about This Open Source DIY Synthesizer Makes Music Hacking Dead Simple

LittleBits , a Lego-like series of modules that allows anyone to build electronic devices, has been getting increasingly sophisticated since its launch in 2008. This month, the company announced that it’s getting what may be its most complex module yet: the Arduino at Heart, which allows lets users incorporate the popular open-source electronics platform into everything they create with littlebits. advertisement “This is our first programmable bit. It’s the first bit that takes care of the hardware and makes it easy to get started. You can be a novice or professional programmer,” explains littleBits Founder and CEO Ayah Bdeir . She writes in a blog post: With the littleBits Arduino at Heart module, we removed the problems of hardware, so users can focus onthe code. For example, instead of having to solder together a circuit of power, ground, resistors and LEDs, a user can simply snap a littleBits power and LED module to the Arduino module and dive straight … [Read more...] about Making Your Own Programmable Hardware Devices Just Got A Little Easier

Share to Twitter Share to Linkedin When the German government announced in late 2021 its plan to legalize recreational cannabis sales in Germany , experts and cannabis enthusiasts put great expectations on the so-called "traffic light" government's plan to regulate the industry. Although Germany and other European countries focused in recent months on the war in Ukraine following the Russian invasion in February and the resulting efforts to detach themselves from Russian energy dependence, German officials had time to speed up the process of legalizing recreational cannabis . The consultation process Commissioner for Addiction and Drug Issues Burkhard Blienert officially announced on July 13 the kickoff of the first of five expert hearings to prepare for the planned legislative process to legalize recreational cannabis. More than 200 leading German and international experts will exchange their views on the legalization. The planned … [Read more...] about Inside The Process To Legalize Recreational Cannabis In Germany

- A + A KUALA LUMPUR (June 27): Costlier crude oil along with a stronger US dollar will erode Spritzer's Bhd profit margin, the bottled water producer admitted. "Costlier oil will translate into costlier PET resin, which is the main raw material used in making the [plastic] bottles. "PET resin is normally quoted in US dollar so a stronger US dollar would mean we will have to pay more for our PET resin," a company representative said in a brief email reply to theedgemarkets.com recently, when asked about the impact of surging oil prices on its manufacturing costs. According to the US-based PET Resin Association, PET — which is short for polyethylene terephthalate, the chemical name for polyester — is a clear, strong, and lightweight plastic made from crude oil and ethane extracted from natural gas that is widely used for packaging food and beverages, especially convenience-sized soft drinks, juices and water. Following Russia's incursion into Ukraine, oil prices … [Read more...] about Spritzer admits costlier crude oil, stronger US dollar will erode its profit margin

According to the Health DG, the average infectivity rate showed a 1.9% drop compared to the previous week. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (June 27): The number of new Covid-19 infections in the country for the 25th epidemiology week (ME 25), which began from June 19 to 25, saw a 10.9% increase to 15,739 cases compared with 14,195 cases the week before. Health director-general Tan Sri Dr Noor Hisham Abdullah said, however, the number of deaths showed a 38.1% drop, with 13 cases compared with 21 cases in the previous week. “The number of recovered cases in ME 25 also showed a rise of 33.8%, namely from 10,524 to 14,078 cases,” he said in a statement on Monday (June 27). Dr Noor Hisham said the admission of Covid-19 patients into health facilities (public hospitals and Covid-19 quarantine and treatment centres) per 100,000 population increased by 11% in ME 25 compared to the earlier week. He said the number of Covid-19 patient … [Read more...] about Covid-19: Rise in new infections, drop in fatalities last week, says Health DG

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A IF Bank Negara Malaysia’s eight-member monetary policy committee (MPC) raises the overnight policy rate (OPR) by 25 basis points (bps) at its next scheduled meeting on July 6, it will mark its first back-to-back increase since mid-2010, when interest rates were normalised following the recovery from the 2008 global financial crisis. It will not be the first central bank to do so. Compared with just a month ago, more economists now (at the time of writing) reckon that a 25bps hike will happen in July, but many still think a pause is possible in July ahead of the Hari Raya Aidiladha celebrations. In any case, at least one more rate increase (if not two) is expected to take place by the conclusion of the Sept 8 meeting to bring the OPR to at least 2.25% (if not 2.5%), consensus data show. “Our house has also shifted expectations for Bank Negara to frontload … [Read more...] about The State Of The Nation: What the Fed’s 75bps hike and near 4% terminal rate mean for the OPR

What makes A24 a cultural powerhouse is not that it released a film last spring in which an inter-dimensional assassin impales himself on an Auditor of the Month trophy, inexplicably shaped like a certain sex toy, although it most certainly did. It’s not that most cinephiles would immediately guess A24 as the company who put out that film, Everything Everywhere All at Once , even if its logo didn’t appear before the credits, although they probably would. No, what makes A24 a steady, sturdy phenomenon is that it started selling $60 designer candle replicas of that unlikely trophy just after the movie’s early-June digital release. advertisement advertisement Whether enough fans purchase the item—a collaboration with Brooklyn-based design studio, Joya —to justify its overhead cost is incidental. Everything Everywhere is now A24’s biggest hit ever , its $89 million box-office haul rendering the digital release a victory lap. The very existence … [Read more...] about I spent six weeks living in A24-world. Here’s what happened

- A + A KUALA LUMPUR (June 27): Bursa Malaysia closed broadly higher on Monday (June 27) on persistent buying interest mainly in technology and energy stocks, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.42 points to 1,438.12 from Friday's close of 1,436.7. The benchmark index, which opened 2.12 points higher at 1,438.82, fluctuated between 1,431.65 and 1,441.03 throughout the trading session. On the broader market, gainers beat losers 546 to 365, while 393 counters were unchanged, 1,004 untraded, and 55 others suspended. Total turnover expanded to 2.65 billion units worth RM1.43 billion from 2.46 billion units worth RM1.47 billion on Friday. Key regional markets also continued to trend higher following positive cues on Wall Street including the upbeat performance of the tech-heavy Nasdaq Composite last Friday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI, which ended 0.1% … [Read more...] about Bursa ends broadly higher

- A + A SHANGHAI (June 27): China's yuan edged up against the dollar on Monday (June 27) after Shanghai declared victory against Covid-19 over the weekend, but gains were limited ahead of more convincing signs of a recovery. Shanghai, the country's commercial hub, will gradually resume dining-in at restaurants from June 29 after the city's Communist Party chief declared victory in the battle against the latest wave of Covid-19 shocks that put the city under lockdown for two months. Shanghai lifted a two month citywide lockdown on June 1, but many establishments have remained unable to offer indoor dining since mid-March. Traders said the news lifted market sentiment, but investors remained cautious and looked to data to gauge the pace of the economic recovery before placing huge bets on the currency. June economic indicators, including official factory activity data, are due later this week. Prior to market opening, the People's Bank of China (PBOC) set the … [Read more...] about Yuan edges up as Shanghai declares Covid-19 victory; outlook remains cautious