Credit World News

This year the State of Colorado gained world’s attention when it became world’s first state –licensed place for marijuana business. Drug business across the world is growing every year causing greater threat to the entire humanity. In 2012 itself around 1, 90000 deaths were reported due to drug abuse, that too between the age group 15-64. Another alarming data is that, in the same year nearly 324 million people in 15-64 age groups used one at least illicit drug once. Around 39 million people have regular drug usage and having physical and psychological problems while only one in six of them have an access to medical facilities. The number of people who injects the drug will come around 13 million, which is 0.64% of the population aged 15-64. One amazing fact is that most of the drug users are from Eastern and South- Eastern Europe. It is very shocking to know that 14% of the drug addicts are infected with HIV due to the use of shared syringes. Majority of such HIV patients are fro...

Is the concept of Sharing Economy an answer to economic inequality? Under this shared economy the access to the products and services are shared between the consumers even though the ownership is limited. This opens a new array of opportunities for the sellers and the buyers. When assets and services are digitally available then there is no reason for this new trend to not gain popularity. Pioneered by eBay in 1995, as a peer to peer auction model, sharing economy or collaborative consumption started off with lot of inadequacies due to the lack of full-fledged support system during those days. The service offered by them was only for an auction of apparels. Starting from bartering, bike sharing, book swapping to seed swap, share taxi, virtual currency, all are shared in this mode of collaborative consumption. Collaborative lifestyles, product service systems and redistribution channels make this sharing economy lively and innovative. AirBnB, an online home rental marketplace for...

Digital mug shots, iris scan, and DNA reports are more extensively used by various governments these days to locate criminals and preventing crimes. Earlier the main method of identifying a criminal was strictly restricted to finger prints which are a main piece of forensic evidence. During the Afgan war the US expanded its biometric methods in preventing the crimes. History of biometric technology dates back to 14th century, in China. Barros, who was exploring China, found that the Chinese merchants were stamping children's palm prints and footprints on paper with ink so as to differentiate between young kids. This could be the most primitive known cases of biometrics in use and is still being used today. Fingerprints identification, is the talebearer, which the bomb makers and thieves mainly leav behind. There are millions of finger print database with many defense agencies like FBI, now they are preparing the database of facial recognition algorithms, iris match technolog...

Drones, generally known as UAVs (Unmanned Aerial Vehicle) are widely used in military operations since 2000. Austrians started this trend by using pilot less balloons in the war against City of Venice in 1849. Drones are not only used for military purposes, but also for non military purposes like natural disaster management, without endangering human life, supervising big real estate properties, for aerial coverage by motion picture teams, professional photographers and even by the farmers who don’t employ many workers. In the west drone usage is limited to police patrolling, oil pipe inspection, tracking illegal immigrants and intelligence gathering. Drone industry is growing rapidly from $5.2 billion annually to $11.6 billion. According to the claims of Teal Group Corporation, a US aerospace consultancy, UAV industry will be a big industry within the next ten years. Their statistical report says that there will be 50 medium –altitudes, long endurance ( MALE) UAVs, 60 navy UAV s , 7...

It is not just buying a shaving cream or a deodorant, but much more than that. The revolutionary rise in the demand for male cosmetics got kick started in 2004 after Emami launched their new range of fairness products for men in 2004. The male skincare segment is expected to grow annually by 25% on the base of skin whitening creams. Brands which dominate this market are Emami's Fair & Handsome and HUL's Fair & Lovely Max Fairness. Dabur's Oxylife creme bleach which claims a triple action system will also look to tap this market with the oxygen releasing formula which will enhance men’s beauty. Instant fairness is highlighted during the commercials unlike other whitening creams which give results after a few weeks that’s what Emami claims. The Garnier Men range had an early start in the male skincare product segment. " Launched in 2009, today Garnier have a market share of 27.7% in the men's skincare market. The potential of the segment is in convertin...

The second largest acquisition Indian pharmaceutical industry, SunPharma’s $4 billion acquisition of Ranbaxy is making a lot of buzz in the world. What this acquisition is pointing towards? The size of the deal is greater than anyone’s imagination so there will be a great deal of hope invested by SunPharma founder Mr Dilip Sanghvi in this acquisition. Through this SunPharma has emerged as India’s most valuable company in the pharmaceutical segment. SunPharma was started 20 years back with a capital of 5 lakh made crores within a short time span. Not only that, SunPharma became the fifth largest pharmaceutical company in the world, through this deal, which specializes in speciality generic medicine. This is obviously a great victory for a company which started off with a single manufacturing unit in 1983, which grew so big that they started operating in 65 countries. With this move their revenue will be almost double to $4.3 million Lets think about the global impacts of this ac...

It is not science fiction story, but a naked truth that 2.6 million cars were recalled by GM for faulty ignition switches, which resulted in13 deaths and more than 40 crashed. Well, it was no less than a mystery. At the end GM’s CEO Ms Marry Barra could be declared as a scapegoat and she maybe forced to take charge of all the mishap and it looks very unfortunate for the first ever women CEO of any automobile maker, having recently took the charge. In a dramatic movement GM's CEO, Dan Akerson was appointed as the Vice Chairman of a relatively small private equity form Carlyle Group, from where he came to GM. His stepping down from GM’s CEO post was on the personal grounds though. Was it because he was aware that the recall issue is going to come up and he did not want get crucified? He served GM through the Chapter 11 bankruptcy and even was in the leadership when GM released an IPO. Was it because that GM hired a female CEO, or the misconception that a female CEO will easily c...