Nibe signs strategic joint venture agreements with HBE South Korea and Sig Sauer USA for defense and aerospace manufacturing in India

Technology

Nibe Limited has recently entered into two significant agreements as part of its strategic expansion in the defense and aerospace sectors:

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Letter of Intent (LOI) with HBE, South Korea: Nibe Limited has signed an LOI with HBE, a South Korean company, to establish a joint venture for forging facilities in India. This JV aims to produce defense and aerospace components, with a shareholding structure of 51:49 between Nibe and HBE. This LOI is currently non-binding and subject to due diligence, regulatory approvals, and definitive agreements.
Term Sheet with Sig Sauer, USA: Nibe Limited has also executed a term sheet with Sig Sauer, a renowned firearms and weapons manufacturer in the USA, to form a joint venture in India. This collaboration focuses on manufacturing military, law enforcement, and defense products specifically for the Indian military, paramilitary, security, and police forces. The shareholding in this JV is also structured at 51:49, with Nibe holding the majority stake. Similar to the LOI, this term sheet is subject to due diligence, regulatory approvals, and legal permissions.

Advertisement These agreements align with Nibe’s commitment to supporting India’s defense and aerospace sectors and advancing its Make in India initiative. The company will provide updates as these ventures progress and regulatory clearances are obtained.

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Donald Trump will be next United States president

Technology

Donald Trump is projected to have won the United States presidency.The 78-year-old businessman turned politician is expected to have claimed Wisconsin to earn 276 electoral college votes, which is more than the 270 needed to win the election overall.Trump declared victory in a speech at his watch party in Florida, saying: “I want to thank the American people for the extraordinary honour of being elected your 47th president and your 45th president.”The former president – who was the 45th man in the White House – is projected to be returning for another term, as reported by CBS.He added: “This is a magnificent victory for the American people, that will allow us to make America great again.”Trump also vowed to “help our country heal”, insisting he would fix the borders.During his speech, he described X owner Elon Musk as a “new star” of the Republican Party.UFC boss Dana White appeared on stage, and insisted Trump “deserves” his victory over Democrat candidate Kamala Harris.He said: “He keeps going forward. Never quits.”Politicians around the world have spoken out to congratulate Trump on hist victory, including the UK’s Prime Minister Sir Keir Starmer.He said: “I look forward to working with you in the years ahead.“As the closest of allies, we stand shoulder to shoulder in defence of our shared values of freedom, democracy and enterprise.“From growth and security to innovation and tech, I know that the UK-US special relationship will continue to prosper on both sides of the Atlantic for years to come.”Hungarian Prime Minister Viktor Orban added: “The biggest comeback in US political history! Congratulations to President Donald Trump on his enormous win. A much needed victory for the World!”French President Emmanuel Macron insisted he is “ready to work together” with Trump for a second time, after his initial spell in the White House from 2016 to 2020.And Ukraine President Volodymr Zelensky congratulated Trump, praising his dedication to “peace through strength” as he insisted that commitment will “bring a just peace in Ukraine closer”.

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2024 Election

By Eric Bradner, Gregory Krieg and Daniel Strauss, CNN (CNN) — Donald Trump has completed a paradigm-shattering political comeback, winning the White House in an election shaped more by Americans’ dissatisfaction with the direction of the country than by Democrats’ dire warnings of the threat the 45th and soon-to-be 47th president poses to its founding…

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Arts & Culture, Film & TV

Donald Trump’s most-recognised cameo in a beloved Christmas movie franchise is currently available to stream on Disney+. The projected 47th president of the United States has a history in film, famously appearing in Home Alone 2: Lost in New York with Macaulay Culkin. Released in December 1992, the sequel follows Kevin McCallister as he becomes…

Why were kisses actually invented: scientists surprised with the answer

Science and Health

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Scientists stated that the art of kissing did not originate as a romantic gesture.
This was reported by URA-Inform with reference to the Daily Star.
Researchers at the University of Warwick suggest that kissing evolved among our ancient ancestors, apes, around seven million years ago as a way to rid themselves of parasites such as ticks and lice. They used their lips to help clean each other’s fur when they moved from the trees to the ground.
There are many different types of kissing, but they all share a common feature called “lip protrusion and gentle suction,” the researchers say. According to evolutionary psychologist Adriano Lameira, the behaviour was practised between members of a community and was not limited to mothers with children or sexual partners.
Today, chimpanzees use their fingers to remove the parasites and finish the process by picking up any remaining pests with their mouths. Scientists believe the ritual has evolved, retaining only the final part of the grooming procedure, to become an expression of affection and love.

When a grooming monkey finishes grooming by kissing the groomer, it shows parallels to human kissing in a way that no other proposed behavior has yet demonstrated,— the scientists noted.

A study published in the journal Microbiome found that a 10-second kiss can carry up to 80 million bacteria and about 700 different strains. In a study of 21 couples, scientists found that those who kissed nine times a day or more had similar oral bacteria. The presence of such bacteria is considered normal, and experts believe that kissing can support immunity and promote gut health.
It will also be interesting to know that AI has determined the appearance of “typical cheaters”: what they look like (photo).
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