4th Global RE-INVEST Renewable Energy Investors' Meet & Expo Held in Gujarat.
The 4th Global RE-INVEST Renewable Energy Investors' Meet & Expo was held in Gujarat, showcasing India's commitment to clean energy and sustainable growth. The event brought together key global investors, policymakers, and industry leaders to discuss opportunities in the renewable energy sector. Organized by the Ministry of New and Renewable Energy, it aimed to boost investment in solar, wind, and other renewable projects across India. With a focus on innovation, technology, and financial solutions, the event highlighted India's progress toward achieving its ambitious renewable energy targets and transitioning to a greener economy.
India is aiming to become a global leader in renewable energy by significantly expanding its green energy capacity.
Gujarat, with its abundant solar and wind resources, plays a crucial role in India’s renewable energy roadmap.
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Textiles Minister Giriraj Singh Unveils Commemorative Coin to Mark Platinum Jubilee of Central Silk Board.
Textiles Minister Giriraj Singh unveiled a commemorative coin to mark the platinum jubilee of the Central Silk Board. The event celebrated 75 years of the Board’s contributions to the Indian silk industry, highlighting its role in promoting silk production, innovation, and boosting rural employment. Speaking at the ceremony, Giriraj Singh praised the Board’s efforts in making India one of the largest producers of silk globally. He also emphasized the government's continued support for enhancing silk production and exports. The coin symbolizes the achievements and future aspirations of the silk sector in India.
Giriraj Singh highlighted the Central Silk Board’s role in empowering women through sericulture training and opportunities.
The minister announced new initiatives to modernize silk farming, aiming to increase productivity and income for farmers.
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PM Narender Modi Unveils Three PARAM Rudra Supercomputers Valued at ₹130 Crore to Boost National Computing Capacity.
Prime Minister Narendra Modi dedicated three PARAM Rudra supercomputers, valued at ₹130 crore, to the nation. Developed under the National Supercomputing Mission, these state-of-the-art machines will significantly enhance India's computational capabilities in various sectors, including scientific research, artificial intelligence, and data analysis. The supercomputers are aimed at bolstering the country's technological infrastructure, facilitating cutting-edge innovations, and empowering academic institutions with advanced computational power. PM Modi highlighted the importance of such initiatives in making India self-reliant in the field of supercomputing and further strengthening the nation's position in the global technology landscape.
The PARAM Rudra supercomputers will support India's goal to become a global leader in high-performance computing.
These supercomputers will be deployed in universities and research institutions to boost innovation and data processing.
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KVIC (Khadi and Village Industries Commission) and NIFT (National Institute of Fashion Technology) Sign MoU under CoEK-2.0 to Enhance Marketability of Khadi Brand.
The Khadi and Village Industries Commission (KVIC) and the National Institute of Fashion Technology (NIFT) have signed a Memorandum of Understanding (MoU) under the CoEK-2.0 initiative to enhance the marketability of the Khadi brand. This collaboration aims to leverage NIFT's expertise in fashion design and branding to promote Khadi products, making them more appealing to contemporary consumers. The partnership is expected to drive innovation, improve product quality, and expand the reach of Khadi in both domestic and international markets. This initiative represents a significant step toward reviving and modernizing the traditional fabric of India.
The collaboration aims to introduce new designs and sustainable practices, attracting younger consumers to the Khadi brand.
This partnership will facilitate skill development programs for artisans, enhancing their capabilities and improving livelihood opportunities.
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National Logistics Development and Standardization Laboratory (NLDSL) Unveils ULIP (Unified Logistics Interface Platform) Logistics Hackathon 2.0 and Launches 'Track Your Transport' App.
The National Logistics Development and Standardization Laboratory (NLDSL) has launched the ULIP (Unified Logistics Interface Platform) Logistics Hackathon 2.0, aiming to foster innovation in the logistics sector. This initiative encourages participants to develop solutions that enhance the efficiency and effectiveness of logistics operations. Additionally, NLDSL introduced the "Track Your Transport" app, designed to provide real-time tracking of goods in transit, ensuring transparency and improving customer service. This dual initiative reflects NLDSL's commitment to advancing logistics practices and leveraging technology to streamline operations in India's growing logistics industry.
The hackathon provides a platform for startups and innovators to showcase their logistics solutions, fostering collaboration in the industry.
The "Track Your Transport" app enhances customer experience by allowing users to monitor shipments and receive timely updates.
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Aryabhatta Research Institute of Observational Sciences (ARIES) and Bharat Electronics Limited (BEL) Sign MoU to Enhance Space Situational Awareness.
Aryabhatta Research Institute of Observational Sciences (ARIES) and Bharat Electronics Limited (BEL) have signed a Memorandum of Understanding (MoU) to enhance Space Situational Awareness (SSA). This partnership aims to improve the tracking of space objects, such as satellites and debris, to ensure the safety of space operations. By pooling their resources and expertise, ARIES and BEL will focus on building a robust framework for monitoring space activities, improving data collection, and contributing to global efforts in space safety. The collaboration is expected to strengthen India’s capabilities in space research and technological innovation for future space missions.
Collaboration between ARIES and BEL will foster advancements in satellite technology, boosting India's position in the global space arena.
The MoU emphasizes the importance of safety in space, promoting responsible practices for future space exploration missions.
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SBI General Insurance Partners with Blse-Services to Offer Comprehensive Insurance Products.
SBI General Insurance has announced a strategic partnership with Blse-Services to enhance its offerings in the insurance sector. This collaboration aims to provide a range of comprehensive insurance products tailored to meet diverse customer needs. By leveraging Blse-Services’ expertise in technology and customer engagement, SBI General Insurance seeks to streamline its services and improve customer experience. This partnership reflects SBI General's commitment to innovation and customer-centric solutions in the insurance market. Both companies are optimistic that this alliance will foster growth and offer better value to policyholders across various segments, enhancing accessibility and efficiency in insurance services.
The collaboration aims to utilize advanced technology to create more user-friendly insurance solutions for customers.
This partnership will enhance the accessibility of insurance products, making them easier to obtain for a wider audience.
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Brijendra Pratap Singh Set to Become the Next Chairman and Managing Director (CMD) of National Aluminium Company Limited (NALCO).
Brijendra Pratap Singh is poised to take on the role of Chairman and Managing Director (CMD) of National Aluminium Company Limited (NALCO). With a strong background in the industry and extensive experience, Singh is expected to lead the company towards growth and innovation. NALCO, a public sector enterprise under the Ministry of Mines, is known for its significant contributions to the aluminium sector in India. As Singh prepares for this new position, stakeholders are optimistic about his leadership, anticipating positive changes and strategic advancements that will enhance NALCO's performance and strengthen its market presence.
Singh's leadership is expected to drive NALCO's sustainability initiatives, promoting eco-friendly practices in aluminium production.
His appointment may attract new investments, enhancing NALCO's capacity to compete globally in the aluminium market.
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iBUS (International Business Solutions) Network Secures USD 34 Million from IFC (International Finance Corporation) for Global Expansion.
iBUS (International Business Solutions) Network has secured USD 34 million from the International Finance Corporation (IFC) to fuel its global expansion plans. The funding aims to enhance the company's operational capabilities and market presence in various regions. With this investment, iBUS is poised to strengthen its services and infrastructure, catering to the growing demand for international business solutions. The collaboration with IFC underscores the company's commitment to innovation and excellence in providing tailored solutions to clients worldwide. iBUS’s expansion will also contribute to job creation and economic growth in the regions it aims to serve.
The funding will enable iBUS to invest in innovative technologies, enhancing service delivery and efficiency for clients worldwide.
Expanding into new markets allows iBUS to diversify its offerings and better meet the needs of global businesses.
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DRDO Transfers High-Altitude Sustenance Technologies to Power Grid Corporation of India Ltd(PGCIL).
The Defence Research and Development Organisation (DRDO) has transferred high-altitude sustenance technologies to the Power Grid Corporation of India Ltd(PGCIL). This collaboration aims to enhance the efficiency and reliability of power supply in challenging high-altitude regions. The technologies developed by DRDO are expected to support the establishment of resilient power infrastructure in remote areas, ensuring uninterrupted energy access. This transfer is a significant step towards integrating advanced defence innovations into civilian applications, ultimately contributing to national development and energy security. The initiative reflects DRDO's commitment to fostering partnerships with public sector enterprises for broader societal benefits.
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India Becomes the 6th Largest Market in the MSCI (Morgan Stanley Capital International) All Country World Index (ACWI), Leading the Emerging Market List.
India has achieved a significant milestone by becoming the 6th largest market in the MSCI (Morgan Stanley Capital International) All Country World Index (ACWI). This accomplishment positions India at the forefront of emerging markets, showcasing its robust economic growth and increasing global investment appeal. The MSCI ACWI is a comprehensive gauge of equity market performance, and India’s rise reflects investor confidence in its market fundamentals and potential. As the country continues to attract foreign direct investment and foster innovation, this recognition is expected to further enhance India's stature in the global financial landscape.
Increased foreign investments signify strong investor confidence in India's economic growth trajectory and market potential.
India's position in the MSCI ACWI enhances its visibility and attractiveness to global investors and financial institutions.
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SIDM Signs Two MoUs on Defence Industry Cooperation with EDCC (Emirates Defense and Cybersecurity Company) and EDGE (Emirates Defense and Advanced Technology Group) of UAE.
The Security and Industry Development Ministry (SIDM) has signed two Memoranda of Understanding (MoUs) to enhance defence industry cooperation with the Emirates Defense and Cybersecurity Company (EDCC) and the Emirates Defense and Advanced Technology Group (EDGE) of the United Arab Emirates (UAE). These agreements aim to strengthen collaboration in technology sharing, joint ventures, and innovation in defense capabilities. By fostering partnerships between Indian and UAE defense sectors, SIDM seeks to bolster regional security and promote mutual interests in the rapidly evolving global defense landscape. This initiative reflects India's commitment to enhancing strategic ties with the UAE.
The MoUs will facilitate joint research and development projects in advanced defense technologies between India and the UAE.
This collaboration aims to enhance military interoperability and strengthen defense supply chains for both nations.
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India and Denmark Strengthen Maritime Ties with Focus on Green Shipping, Digitalization, and Sustainable Development.
India and Denmark have strengthened their maritime ties, focusing on green shipping, digitalization, and sustainable development. Both nations aim to collaborate on eco-friendly maritime solutions to promote cleaner oceans and reduce carbon emissions. The partnership emphasizes innovation in shipbuilding, the use of renewable energy, and digital technologies to enhance efficiency in maritime operations. This cooperation aligns with global efforts to combat climate change and foster sustainable economic growth. By combining Denmark's expertise in green technologies with India's growing maritime infrastructure, the two countries seek to set an example for the world in sustainable maritime development and green shipping practices.
The partnership aims to enhance maritime security through collaboration on technology and information sharing between India and Denmark.
Joint initiatives will promote research and development in sustainable shipping practices to address environmental challenges effectively.
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Biotechnology Industry Research Assistance Council (BIRAC) Signs 9 LoIs at the 4th Edition of Global Bio-India Held in New Delhi.
At the 4th edition of Global Bio-India, held in New Delhi, the Biotechnology Industry Research Assistance Council (BIRAC) signed nine Letters of Intent (LoIs) with key industry stakeholders. The event, a premier gathering for biotechnology and life sciences, focused on fostering innovation, collaboration, and business partnerships within the bio-economy. BIRAC’s strategic agreements aim to accelerate advancements in biotechnology, healthcare, and agriculture, promoting growth in India's bio-sector. With participation from global experts, startups, and industry leaders, the event highlighted India's emerging role in biotechnology on the global stage, positioning it as a hub for bio-innovation.
BIRAC's collaborations aim to strengthen India's bio-entrepreneurial ecosystem through targeted funding and mentorship programs.
Global Bio-India serves as a platform to showcase cutting-edge innovations from India's biotechnology sector.
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HCL Technologies (Hindustan Computers Limited) Tops TIME Magazine's List of World's Best Companies 2024 Among Indian Firms.
HCL Technologies (Hindustan Computers Limited) has been recognized as the top Indian firm in TIME Magazine's list of the World's Best Companies for 2024. This prestigious ranking highlights HCL's significant contributions to technology and innovation, showcasing its commitment to excellence and growth. The list evaluates companies based on various factors, including revenue, employee satisfaction, and sustainability initiatives. HCL's position reflects its strong market presence and ability to adapt to changing industry trends. The recognition not only reinforces HCL's reputation as a leader in the tech space but also sets a benchmark for other Indian companies striving for global excellence.
HCL Technologies emphasizes employee well-being and innovative solutions, contributing significantly to its global reputation.
The company’s focus on sustainable practices enhances its competitiveness in the global tech landscape.
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Union Minister Piyush Goyal Launches BHASKAR Portal (Bhartiya System for Advanced Knowledge for Accelerating Research) to Boost India's Startup Ecosystem.
Union Minister Piyush Goyal has launched the BHASKAR Portal (Bhartiya System for Advanced Knowledge for Accelerating Research) to strengthen India’s startup ecosystem. The portal aims to streamline research, innovation, and knowledge-sharing for startups, entrepreneurs, and researchers. It will provide access to advanced resources, data, and technology, helping foster innovation and economic growth. Goyal emphasized that the BHASKAR Portal will play a key role in bridging the gap between research institutions and industry, promoting collaboration and accelerating the commercialization of new technologies. This initiative aligns with the government's efforts to make India a global hub for innovation and entrepreneurship.
The portal will enhance collaboration between startups and research institutions to drive innovation in various sectors.
BHASKAR aims to facilitate access to funding and mentorship opportunities for emerging entrepreneurs in India.
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Ministry of Ports, Shipping and Waterways (MoPSW) Holds 20th Meeting of the Maritime States Development Council (MSDC) in Goa to Boost India's Maritime Sector.
The Ministry of Ports, Shipping and Waterways (MoPSW) convened the 20th meeting of the Maritime States Development Council (MSDC) in Goa to enhance India's maritime sector. The meeting focused on strategies to promote sustainable development, improve port infrastructure, and facilitate maritime trade. Participants discussed collaborative efforts between states to optimize resources and boost coastal economies. MoPSW emphasized the importance of integrating modern technology and innovation in maritime operations. The council aims to foster a robust maritime ecosystem that supports national economic growth while ensuring environmental sustainability. This initiative is a significant step towards strengthening India's position in the global maritime arena.
The meeting addressed investment opportunities in port development to enhance operational efficiency and capacity.
Stakeholders emphasized the need for policies promoting coastal community welfare and job creation in the maritime sector.
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India Engages in G20 Agriculture Ministerial Meeting in Brazil and Conducts Bilateral Talks with Seven Nations.
India participated in the G20 Agriculture Ministerial Meeting held in Brazil, focusing on global food security and sustainable agricultural practices. The Indian delegation engaged in meaningful discussions with representatives from various countries, emphasizing collaboration on agricultural innovation and technology. In addition to the ministerial meeting, India held bilateral talks with seven nations to strengthen partnerships and address mutual challenges in the agricultural sector. These meetings highlighted India's commitment to enhancing agricultural resilience and fostering international cooperation, aligning with the G20's objectives of promoting sustainable development and food security for all member countries.
India advocates for sustainable agricultural practices to combat climate change and enhance food production efficiency globally.
The meetings fostered partnerships aimed at addressing food supply chain disruptions and promoting resilient agricultural systems.
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US International Development Finance Corporation Invests 70 Million United States Dollars (USD) in India.
The US International Development Finance Corporation (DFC) has announced a significant investment of 70 million United States Dollars (approximately ₹5,830 crore) in India. This funding aims to support various development initiatives, including infrastructure, renewable energy, and job creation. The DFC's investment reflects the United States' commitment to strengthening economic ties with India and fostering sustainable growth in the region. By facilitating private sector investment, the DFC hopes to stimulate innovation and enhance access to essential services. This investment marks a crucial step towards advancing bilateral cooperation and promoting economic development in India.
The investment will focus on enhancing infrastructure development and promoting renewable energy projects in India.
This initiative aims to create thousands of jobs and boost local economies across various sectors.
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Defence Minister Rajnath Singh Inaugurates IDAX-24 Expo in Jodhpur and Launches Exercise Tarang Shakt 24 (Phase II).
Defence Minister Rajnath Singh inaugurated the IDAX-24 Expo in Jodhpur, a major defense and aerospace exhibition showcasing the latest innovations and technologies. Concurrently, he launched Phase II of Exercise Tarang Shakt 24, a comprehensive military exercise aimed at enhancing operational readiness and joint capabilities. The expo features a range of advanced defense equipment and technologies from both domestic and international exhibitors. Exercise Tarang Shakt 24 is designed to strengthen coordination between different military branches and improve tactical skills. Singh's visit underscores the government's commitment to advancing defense capabilities and fostering global partnerships in the sector.
The IDAX-24 Expo highlights India’s growing defense technology sector and its global defense partnerships.
Exercise Tarang Shakt 24 enhances inter-service cooperation and operational efficiency among the Indian Armed Forces.
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Quality Council of India (QCI) Approves National Test House (NTH), Ghaziabad as Certification Body for Type Certification of Drones.
The Quality Council of India (QCI) has officially approved the National Test House (NTH), Ghaziabad, as a certification body for the type certification of drones. This significant development aims to enhance the standardization and safety of drone operations in India. The certification process will ensure that drones meet the required quality and safety standards before being used commercially or operationally. The move is expected to bolster the growth of the drone industry in the country by providing a robust framework for compliance and regulation. This approval underscores QCI's commitment to advancing aviation safety and technological innovation.
The approval supports India's drone ecosystem by ensuring adherence to safety standards.
NTH will play a crucial role in drone industry regulation and quality assurance.
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National engineer's day is celebrated on 15 September 2024.
National Engineers Day is celebrated on September 15, 2024, honoring the contributions of engineers to society. This day recognizes the critical role engineers play in developing infrastructure, technology, and innovations that drive progress. It also highlights the importance of the engineering profession in shaping the future. Various events, including seminars, workshops, and award ceremonies, are held to appreciate engineers' hard work and dedication. This celebration not only acknowledges their achievements but also aims to inspire young minds to pursue engineering as a career, emphasizing its impact on advancing industries and improving quality of life.
Engineers Day promotes awareness about the vital role of engineering in solving global challenges and driving innovation.
Educational institutions organize special programs to encourage students to explore engineering as a rewarding career option.
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First-ever UN international day of science, technology, and innovation for the south-16 is celebrated on 16 September 2024.
On September 16, 2024, the first-ever UN International Day of Science, Technology, and Innovation for the South-16 was celebrated. This day highlights the critical role of science, technology, and innovation in the development of the South-16 countries, a group of nations that includes emerging economies and developing regions. The observance aims to promote collaboration, share advancements, and address common challenges in these areas. By focusing on the unique needs and opportunities of these countries, the day seeks to foster a supportive environment for scientific and technological progress, ultimately contributing to sustainable development and improved quality of life.
The day aims to enhance scientific collaboration among South-16 nations to address shared development challenges.
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PM Narendra Modi Inaugurates SEMICON India 2024 in Greater Noida, Uttar Pradesh.
On September 17, 2024, Prime Minister Narendra Modi inaugurated SEMICON India 2024 in Greater Noida, Uttar Pradesh. This major semiconductor industry event aims to boost India's position in the global semiconductor supply chain. The conference, featuring prominent industry leaders and experts, focuses on advancing semiconductor technology and fostering collaboration among global tech firms. Modi highlighted the event's significance in driving innovation and supporting India's digital economy. The initiative is expected to enhance the country’s semiconductor manufacturing capabilities and attract substantial investments, further strengthening India's role in the technology sector.
The event aims to position India as a global semiconductor hub by fostering industry partnerships and technological advancements.
The conference is expected to attract international investment and enhance India’s capabilities in semiconductor manufacturing and R&D.
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Prime Minister Narendra Modi announces plans to make India a global leader in green hydrogen at the inauguration of ICGH-2024.
Prime Minister Narendra Modi inaugurated the 2nd International Conference on Green Hydrogen 2024 (ICGH-2024) via video message, highlighting India’s significant progress in renewable energy, including a 300% increase in non-fossil fuel capacity and a 3000% rise in solar energy capacity over the past decade. The Prime Minister highlighted, “We aim to position India as a global hub for the production, utilization, and export of green hydrogen. The National Green Hydrogen Mission, launched in 2023, is a critical step toward realizing this ambition. It will drive innovation, build infrastructure, stimulate industry growth, and attract investment in the green hydrogen sector.”
National Green Hydrogen Mission targets attracting ₹8 lakh crore in investments, creating 6 lakh jobs, and reducing reliance on imports.
Secretary Bhupinder Bhalla discussed ambitious goals, including 500 GW of non-fossil energy by 2030 and significant future hydrogen demand.
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G. Srinivasan Appointed as Managing Director and Chief Executive Officer of Galaxy Health Insurance.
G. Srinivasan has been appointed as the Managing Director and Chief Executive Officer of Galaxy Health Insurance. With extensive experience in the insurance industry, Srinivasan will lead the company through its next phase of growth and innovation. His appointment comes as Galaxy Health Insurance aims to strengthen its market position and expand its range of health insurance products. Srinivasan’s leadership is expected to drive strategic initiatives and enhance the company’s operational efficiency. His track record of success and industry expertise make him a valuable asset to the organization as it navigates the evolving healthcare landscape.
G. Srinivasan’s appointment aligns with Galaxy Health Insurance’s strategy to innovate and enhance service offerings in health insurance.
G. Srinivasan's extensive industry experience will contribute to achieving the company’s long-term goals and operational excellence.
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PayGlocal Receives RBI Approval to Operate as Online Merchant Payments Aggregator.
PayGlocal has received approval from the Reserve Bank of India (RBI) to operate as an online merchant payments aggregator. This authorization allows PayGlocal to facilitate digital transactions for various merchants, streamlining the payment process and enhancing convenience for both businesses and customers. As an approved aggregator, PayGlocal will offer services that include payment gateway solutions, transaction processing, and financial reconciliation, contributing to the growth of digital commerce in India. The RBI's nod underscores the increasing regulatory support for digital payment solutions, promoting innovation and efficiency in the financial technology sector.
PayGlocal’s approval enhances access to seamless online payment solutions for small and medium-sized enterprises (SMEs).
The RBI’s endorsement positions PayGlocal as a significant player in India’s evolving digital payment landscape.
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Department of Telecommunications (DoT) Simplifies Licensing and Equipment Approval Processes to Boost Telecom Sector.
The Department of Telecommunications (DoT) has streamlined the licensing and equipment approval processes to invigorate the telecom sector. This move aims to accelerate the deployment of new technologies and infrastructure, enhancing service delivery and innovation. By simplifying regulatory requirements, the DoT seeks to reduce bureaucratic delays and encourage investment in telecom services. The revised procedures will facilitate faster approvals for licenses and equipment, potentially leading to more competitive pricing and improved connectivity for consumers. This initiative reflects the government's commitment to modernizing the telecom industry and supporting its growth in the digital age.
The simplified processes aim to reduce operational costs and accelerate market entry for telecom companies.
Faster approvals are expected to boost innovation and competition, benefiting consumers with better services.
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India's First Silicon Carbide Manufacturing Unit to be Established in Odisha.
India is set to inaugurate its first silicon carbide manufacturing unit in Odisha, marking a significant milestone in the country's industrial development. This cutting-edge facility, planned to bolster India's position in the global semiconductor market, will focus on producing high-performance silicon carbide materials essential for advanced electronics and electric vehicles. The project is expected to attract substantial investment, generate numerous jobs, and stimulate technological innovation. By establishing this unit, India aims to reduce dependency on foreign imports and strengthen its domestic manufacturing capabilities, aligning with the broader vision of becoming a key player in the global semiconductor supply chain.
The unit will enhance India’s self-reliance in advanced material production, reducing import dependence.
The project will boost regional development and technological expertise in Odisha.
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Rane Holdings Gets CCI Approval for Acquiring 51% Stake in Steering Systems.
Rane Holdings has received approval from the Competition Commission of India (CCI) to acquire a 51% stake in Steering Systems. This acquisition is set to strengthen Rane Holdings' position in the automotive sector by enhancing its capabilities in steering technology. The approval follows a thorough review process by the CCI to ensure that the acquisition complies with competition regulations and does not adversely impact market competition. The deal is expected to provide Rane Holdings with increased market share and technological advancements, positioning the company for further growth and innovation in the industry.
The acquisition aims to leverage Steering Systems' advanced technology for better product offerings.
Rane Holdings anticipates enhanced strategic positioning and competitive advantage post-acquisition.
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SBI Unveils Three New Offerings to Simplify Payments for Commuters.
The State Bank of India (SBI) has launched three new offerings aimed at easing payment processes for commuters. These include an upgraded mobile banking app with enhanced features for seamless transactions, a new contactless payment card for faster and more convenient payments, and a digital wallet integration that allows users to pay for public transportation directly from their smartphones. These innovations are designed to streamline the commuting experience, reduce wait times, and provide a more user-friendly payment solution. SBI’s initiative reflects its commitment to leveraging technology to improve everyday financial transactions for its customers.
SBI’s contactless payment card enhances security and convenience for daily transactions.
Digital wallet integration supports multiple transportation options for easier, unified payments.
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Indian Army and Indian Air Force Sign MoU with Global Supply Ventures to Enhance Logistics Expertise.
The Indian Army and Indian Air Force have signed a Memorandum of Understanding (MoU) with Global Supply Ventures (GSV) to advance their logistics capabilities. This collaboration aims to enhance efficiency and innovation in the logistics sector, addressing challenges related to supply chain management and operational readiness. The MoU outlines joint initiatives to leverage GSV's expertise in streamlining logistics processes and integrating advanced technologies. This strategic partnership is expected to bolster the logistical support for both armed services, improving their overall operational effectiveness and readiness in various scenarios.
The MoU includes training programs to enhance logistics management skills for both the Army and Air Force.
Joint research and development projects will focus on innovative logistics solutions and technology integration.
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US Government Partners with IIT Madras Research Park for Semiconductor, Green Hydrogen, Electric Vehicles, and Battery Technologies.
The US government has announced a strategic partnership with the IIT Madras Research Park to advance research and development in several key areas. This collaboration will focus on semiconductor technology, green hydrogen, electric vehicles (EVs), and battery technologies. The partnership aims to foster innovation and accelerate progress in these critical sectors, which are vital for sustainable development and technological advancement. By leveraging IIT Madras's expertise and facilities, the initiative seeks to enhance global competitiveness and address pressing challenges related to clean energy and transportation. This move underscores the US's commitment to international cooperation in advancing cutting-edge technologies.
The partnership will drive advancements in sustainable technologies and strengthen ties between the US and Indian research communities.
This initiative aims to develop cutting-edge solutions for energy efficiency and reduce carbon emissions globally.
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IATA (International Air Transport Association) announced the theme "'Adoption of Innovation and Technology' for the 2024 World Safety and Operations Conference".
The International Air Transport Association (IATA) has announced the theme for its 2024 World Safety and Operations Conference. The theme, “Embracing Innovation and Technology,” highlights the industry's commitment to leveraging cutting-edge advancements to enhance aviation safety and operational efficiency. The conference will focus on integrating new technologies and innovative practices to address current and future challenges in the aviation sector. By emphasizing innovation, IATA aims to foster collaboration among stakeholders and drive progress in safety and operations, ensuring that the industry remains resilient and adaptable in a rapidly evolving technological landscape.
The conference will explore the role of AI and data analytics in improving aviation safety and efficiency.
Industry leaders will share insights on emerging technologies and best practices for optimizing operational protocols.
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Union Textiles Minister Giriraj Singh Launches India's First Fashion Forecasting Initiative 'visioNxt'
Union Textiles Minister Giriraj Singh recently launched India’s first fashion forecasting initiative, 'visioNxt'. This pioneering platform aims to provide insights and predictions on upcoming fashion trends, helping designers and brands stay ahead in the competitive market. 'visioNxt' will offer data-driven forecasts, trend analysis, and market research, contributing to the growth and innovation of the Indian fashion industry. By leveraging advanced technology and analytics, the initiative is set to revolutionize how fashion trends are anticipated and developed in India, ensuring that the industry remains dynamic and responsive to global fashion movements.
'visioNxt' will integrate AI and machine learning to enhance accuracy in fashion trend predictions.
The initiative aims to support sustainable fashion by forecasting trends that align with environmental goals.
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Axis Bank Launches Innovative Digital Solutions UPI-ATM and Bharat Connect for Business.
Axis Bank has introduced two groundbreaking digital solutions aimed at enhancing business operations. The UPI-ATM solution allows businesses to seamlessly conduct transactions using UPI at ATM locations, simplifying cash handling. Bharat Connect for Business offers a comprehensive digital platform for businesses to manage payments, track transactions, and integrate with various financial services. These innovations are designed to streamline financial processes and improve efficiency for businesses across India. Axis Bank's latest offerings reflect its commitment to leveraging technology to support the evolving needs of the business sector.
UPI-ATM solution enhances transaction convenience with secure, cashless payments at ATM locations.
Bharat Connect for Business integrates financial services, providing a unified platform for effective payment management.
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Indian Institute of Management Kozhikode (IIMK) LIVE and Reserve Bank Innovation Hub (RBIH) Sign Memorandum of Understanding to Promote Innovation and Research in FinTech Sector.
The Indian Institute of Management Kozhikode (IIMK) LIVE and the Reserve Bank Innovation Hub (RBIH) have signed a Memorandum of Understanding (MoU) to foster innovation and research in the FinTech sector. This collaboration aims to enhance the development of cutting-edge financial technologies and promote groundbreaking research in the field. By leveraging their respective strengths, IIMK LIVE and RBIH plan to create a dynamic ecosystem that supports startups, researchers, and professionals in FinTech. The MoU marks a significant step towards advancing financial technology and addressing emerging challenges in the industry.
The MoU includes joint workshops and seminars to facilitate knowledge exchange and collaborative FinTech projects.
IIMK LIVE and RBIH will also offer mentorship and support for FinTech startups and innovative solutions.
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Global Fintech Fest 2024 in Mumbai Unveils Latest Innovations and Trends in Financial Technology.
The Global Fintech Fest 2024, held in Mumbai from September 2-4, showcased the latest innovations in financial technology. The event brought together industry leaders, innovators, and investors to explore advancements in blockchain, AI, and regulatory challenges. Keynote speakers from major tech and financial firms shared insights, while startups displayed cutting-edge solutions. The fest highlighted fintech's growing role in shaping the global financial landscape and fostering new collaborations.
The project will enhance regional energy cooperation and support sustainable development across the India-Nepal border.
Improved electricity transmission is expected to boost local economies and improve living standards in border regions.
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Hindustan Aeronautics Limited (HAL) and SAFHAL Sign Contract to Develop and Produce "Aravalli" Helicopter Engines.
Hindustan Aeronautics Limited (HAL) and SAFHAL have signed a significant contract to develop and produce the Aravalli helicopter engines. This partnership aims to advance indigenous aerospace capabilities and enhance the self-reliance of India's defense sector. The Aravalli engines will be designed to meet the latest standards in aviation technology, ensuring superior performance and reliability. The collaboration between HAL, a leading defense aerospace company, and SAFHAL, a prominent player in the aerospace industry, marks a crucial step towards strengthening India's position in the global aerospace market. This move is expected to boost both technological innovation and local production capabilities.
The agreement highlights India's commitment to advancing defense technology and reducing reliance on foreign aerospace components.
The partnership aims to create new job opportunities and foster growth in India's aerospace manufacturing sector.
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World Coconut Day Celebrated on September 2, 2024.
World Coconut Day is observed on September 2, 2024, to highlight the importance of coconut in various industries and its nutritional benefits. Celebrated globally, this day aims to promote the sustainable use of coconuts and raise awareness about their economic and health advantages. Events include educational programs, exhibitions, and community activities focused on coconut cultivation and its diverse applications. The observance underscores the coconut's role in supporting livelihoods, especially in tropical regions, and encourages innovation in its usage. The day serves as a reminder of the coconut's significant contribution to agriculture and nutrition worldwide.
World Coconut Day promotes innovations in coconut-based products and sustainable farming practices.
Celebrations include showcasing coconut's role in traditional and modern cuisine worldwide.
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Odisha Launches PM-USHA Program to Enhance Higher Education.
Odisha has launched the PM-USHA (Pradhan Mantri Utkal University of Science and Humanities Advancement) program to bolster higher education in the state. This initiative aims to improve infrastructure, promote research, and enhance the quality of education across universities and colleges. The program focuses on upgrading facilities, providing advanced research tools, and fostering collaboration between institutions. By implementing these measures, Odisha seeks to create a more robust academic environment, support innovation, and increase the overall academic standards in the region, ultimately benefiting students and contributing to the state's educational growth.
The PM-USHA program includes scholarships for students pursuing higher education in science and humanities.
New digital learning platforms will be introduced to enhance interactive education methods.
Capital: Bhubaneswar
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Paytm Receives Ministry of Finance Approval for Downstream Investment in Paytm Payments Services Limited (PPSL).
Paytm has received approval from the Ministry of Finance for a downstream investment in Paytm Payments Services Limited (PPSL). This investment is a strategic move to bolster Paytm’s digital payment services and enhance its market position. The approval comes as part of ongoing efforts to expand and strengthen the company’s financial technology offerings. The Ministry of Finance’s endorsement signifies regulatory support for Paytm's growth and operational plans. This move is expected to contribute significantly to the company’s long-term growth and reinforce its commitment to innovation in the digital payments sector.
The investment will help Paytm enhance its digital payment infrastructure and services.
Regulatory approval aligns with Paytm’s strategic expansion goals in the financial technology sectors.
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India and Saudi Arabia Sign MoU to Enhance Bilateral Cooperation in Public Sector.
India and Saudi Arabia have signed a Memorandum of Understanding (MoU) to boost bilateral cooperation in the public sector. The agreement aims to enhance collaboration between the two nations in areas such as governance, infrastructure, and public administration. This strategic partnership reflects a shared commitment to strengthening economic ties and improving public services. The MoU outlines specific initiatives and joint projects to be undertaken, focusing on innovation and efficiency in public sector operations. Both countries anticipate that this agreement will foster greater mutual understanding and create opportunities for growth and development in their respective public sectors.
The MoU includes training programs to enhance skills and knowledge sharing between Indian and Saudi public sector employees.
The agreement sets up a joint committee to oversee and evaluate the progress of collaborative projects.
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Shubhasri Appointed as MD & CEO of Shriram Capital.
Shubhasri has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Shriram Capital. This significant leadership change marks a new chapter for the company as it continues to expand its operations and strengthen its market presence. Shubhasri, with extensive experience in financial services, is expected to drive strategic growth and innovation at Shriram Capital. Her appointment reflects the company's commitment to enhancing its executive leadership and achieving long-term business objectives. Shubhasri will be instrumental in steering the company through its next phase of development.
Shubhasri's appointment aims to enhance Shriram Capital's strategic vision and operational efficiency in the financial sector.
Her leadership is expected to foster innovation and drive growth, positioning Shriram Capital for future success.
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V. Srinvas, Secretary of DoPPW, Conferred Anubhav Awards and Jury Certificates.
V. Srinvas, Secretary of the Department of Pension and Pensioners' Welfare (DoPPW), recently conferred the prestigious Anubhav Awards and Jury Certificates. The awards recognize outstanding contributions and achievements in the field of pension services. The ceremony highlighted exceptional efforts and innovations that have significantly improved the quality of pension administration. Srinvas praised the recipients for their dedication and impactful work, emphasizing the importance of continuous improvement in public service. The event underscored the department’s commitment to acknowledging excellence and motivating others to strive for higher standards in their professional endeavors.
The Anubhav Awards celebrate innovative practices in pension services, setting benchmarks for efficiency and effectiveness.
Recipients of the awards were commended for enhancing pension administration through their dedicated and innovative approaches.
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National Payments Corporation of India (NPCI) Introduces Bharat Bill Payment System for Business UPI Circle at Global Fintech Fest 2024.
At the Global Fintech Fest 2024, the National Payments Corporation of India (NPCI) introduced the Bharat Bill Payment System (BBPS) for the Business UPI Circle. This new initiative aims to streamline and enhance bill payment processes for businesses, offering them a more efficient and secure way to manage payments. BBPS, which has already revolutionized consumer bill payments, is now extended to the Business UPI Circle, providing a unified platform for business transactions. This move is expected to further accelerate digital payment adoption across various industries, reinforcing India's position as a global leader in fintech innovation.
BBPS integration into Business UPI Circle is expected to simplify large-scale bill payments for enterprises.
NPCI's move strengthens digital infrastructure, encouraging more businesses to transition to cashless payment methods.
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In the 8th EPC meeting, the Transport Ministry approved grants of ₹50 lakh each to 4 start-ups in transport technologies.
At the 8th Entrepreneurial Promotion Committee (EPC) meeting, the Ministry of Transport (MoT) approved grants of ₹50 lakhs each for four start-ups working in transport technologies. The initiative aims to support innovative solutions that enhance efficiency and sustainability in the transportation sector. The selected start-ups will receive financial support to develop and implement their projects, contributing to advancements in transport infrastructure and technology. This move aligns with the government's commitment to fostering entrepreneurship and technological innovation within the transport industry.
The grants are intended to accelerate the growth of innovative transport solutions and improve sector efficiency.
The approved start-ups will contribute to reducing carbon emissions and enhancing overall transport sustainability.
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CCI Approves Merger of RIL (Reliance Industries Limited) 's Media Assets with Walt Disney.
The Competition Commission of India (CCI) has approved the merger of Reliance Industries Limited (RIL) media assets with Walt Disney. This strategic move will consolidate RIL’s extensive media portfolio with Disney’s global entertainment network, creating a significant player in the media and entertainment sector. The merger is expected to enhance content offerings and expand market reach. Both companies anticipate that this collaboration will lead to greater innovation and competitive advantage in the industry. The approval comes after thorough review and consideration by the CCI, ensuring compliance with regulatory standards.
The merger will leverage Disney's global platform and RIL's local expertise to drive regional content growth.
The consolidation aims to streamline operations, improve efficiency, and foster stronger partnerships within the media sector.
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Axiom Space and Nokia Partner to Introduce 4G Technology in NASA's Lunar Spacesuits.
Axiom Space and Nokia have announced a groundbreaking partnership to integrate 4G technology into NASA's lunar spacesuits. This collaboration aims to enhance communication and data transmission capabilities for astronauts on the Moon. The 4G technology will enable real-time communication, improved telemetry, and increased connectivity, essential for mission success. By embedding this advanced technology into spacesuits, Axiom and Nokia are contributing to a more efficient and interactive lunar exploration experience. This innovation represents a significant leap in space technology, ensuring that astronauts remain connected and can perform their tasks more effectively during their missions.
The 4G integration allows for seamless video streaming from the lunar surface, enhancing remote collaboration and research.
Astronauts will benefit from real-time data transfer, improving decision-making and operational efficiency during lunar missions.
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Spices Board Launches SPICED Scheme to Boost Spice Exports and Productivity.
The Spices Board has introduced the SPICED (Spice Promotion and International Connectivity for Export Development) scheme to enhance spice exports and productivity. This initiative aims to support spice growers and exporters by providing financial assistance, technical support, and market development opportunities. The SPICED scheme will focus on improving infrastructure, quality standards, and international market access for Indian spices. By fostering innovation and efficiency in the spice industry, the board hopes to boost India's position in the global spice market and contribute to the overall growth of the sector.
The SPICED scheme will prioritize research and development to improve spice quality and production techniques.
Training programs under SPICED will educate farmers on best practices for sustainable and efficient spice cultivation.
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GAIL and Petron Sign MoU to Explore Establishing Bio-Ethylene Plant in India.
GAIL (India) Limited and Petron Corporation have signed a Memorandum of Understanding (MoU) to explore the establishment of a bio-ethylene plant in India. The collaboration aims to advance sustainable and eco-friendly chemical production by leveraging renewable resources. This initiative aligns with both companies' commitment to reducing carbon footprints and promoting greener technologies. The proposed bio-ethylene plant will contribute to the development of India's chemical industry while supporting the country's environmental goals. The partnership marks a significant step toward enhancing the use of bio-based materials and fostering innovation in the sector.
The bio-ethylene plant will utilize renewable feedstocks, reducing reliance on fossil fuels and lowering emissions.
The collaboration will drive research and innovation in sustainable chemical production technologies.
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Jana Small Finance Bank Honored with Four Awards at ICC Emerging Asia Banking Conclave & Awards 2024.
Jana Small Finance Bank has been honored with four prestigious awards at the ICC Emerging Asia Banking Conclave & Awards 2024. The awards recognize the bank’s outstanding performance and innovation in the financial sector. The accolades highlight Jana Small Finance Bank's commitment to excellence and its significant contributions to emerging markets in Asia. The recognition reflects the bank’s dedication to delivering high-quality financial services and fostering economic growth. The awards ceremony, held in a grand setting, celebrated the achievements of institutions that have demonstrated remarkable progress and leadership in the banking industry.
The awards celebrate Jana Small Finance Bank’s impact on financial inclusion and customer-centric banking solutions.
The recognition underscores the bank's role in driving innovation and enhancing financial services in emerging Asia.
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Nari Hira, Renowned Film Producer and Owner of Magna Publishing, Passes Away.
Nari Hira, a renowned film producer and the owner of Magna Publishing, has passed away. Hira was a prominent figure in the Indian film industry, known for his significant contributions to cinema and publishing. Under his leadership, Magna Publishing became a key player in the media sector. His work in film production earned him respect and admiration across the industry. Hira's passing marks the end of an era for many in the field, leaving behind a legacy of creativity and innovation. He will be remembered for his impact on both cinema and publishing.
Nari Hira's innovative approach reshaped the Indian film and publishing landscapes, leaving a lasting legacy.
Hira's Magna Publishing revolutionized media, becoming a cornerstone in the industry under his visionary leadership.
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Sindhu Gangadhar, MD of SAP Labs India, Appointed Chairperson of National Association of Software and Service Companies (NASSCOM).
Sindhu Gangadhar, the Managing Director of SAP Labs India, has been appointed as the Chairperson of the National Association of Software and Service Companies (NASSCOM). With her extensive experience in the tech industry, Gangadhar is set to lead NASSCOM through its next phase of growth and innovation. Her appointment comes at a crucial time for the organization as it continues to play a pivotal role in the Indian IT sector, advocating for policy changes, fostering industry growth, and supporting member companies. Gangadhar’s leadership is expected to bring fresh perspectives and drive strategic initiatives within NASSCOM.
Gangadhar's appointment signals a new strategic direction for NASSCOM, focusing on emerging technologies and digital transformation.
As Chairperson, Gangadhar will work to strengthen partnerships between NASSCOM and global tech organizations.
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Cabinet approves Vigyan Dhara scheme to promote S&T capacity building, research, innovation.
The Union Cabinet has approved the Vigyan Dhara scheme, aimed at boosting science and technology (S&T) capacity building, research, and innovation in India. This initiative is designed to enhance the country’s S&T infrastructure and foster a culture of research and development. The scheme will provide support for various S&T projects, promote collaboration between institutions, and encourage innovative solutions to address key challenges. By focusing on strengthening the S&T ecosystem, the Vigyan Dhara scheme seeks to position India as a global leader in scientific research and technological advancements.
The scheme will also facilitate funding for cutting-edge technologies and support startups in the S&T sector.
It aims to enhance skill development programs to build a skilled workforce for future scientific and technological advancements.
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Centre for Development of Advanced Computing (C-DAC) Signs MoU with Various Industries and Inaugurates New Hardware Emulation Facility.
The Centre for Development of Advanced Computing (C-DAC) has signed memorandums of understanding (MoUs) with several leading industries to collaborate on advanced computing technologies. The agreements aim to foster innovation and enhance technological capabilities across various sectors. As part of the initiative, C-DAC has inaugurated a new hardware emulation facility designed to accelerate research and development in computing hardware. This state-of-the-art facility will provide critical support for developing and testing advanced hardware solutions, reinforcing C-DAC's commitment to advancing technology and industry partnerships.
C-DAC’s new facility will enhance collaboration between industry and research institutions for cutting-edge hardware solutions.
The MoUs will support the development of innovative technologies and foster joint ventures in advanced computing.
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Indian Army Transfers Xploder and Agniastra Technologies to Private Sector for Mass Production, Boosting Defense Capabilities.
The Indian Army has transferred its advanced Xploder and Agniastra technologies to the private sector for mass production. This strategic move aims to leverage the efficiency and innovation capabilities of private enterprises, ensuring these cutting-edge technologies are produced on a larger scale. The Xploder technology, known for its explosive capabilities, and Agniastra, which boasts advanced weaponry features, are set to enhance India's defense capabilities. The transfer marks a significant shift in defense procurement and production strategies, reflecting a growing emphasis on public-private collaboration in India's military modernization efforts.
The transfer aims to boost indigenous defense manufacturing capabilities and reduce reliance on foreign technology.
Private sector involvement is expected to accelerate the production and deployment of advanced military technologies.
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Indian Army Transfers Xploder and Agniastra Technologies to Private Sector for Mass Production, Boosting Defense Capabilities.
The Indian Army has transferred its advanced Xploder and Agniastra technologies to the private sector for mass production. This strategic move aims to leverage the efficiency and innovation capabilities of private enterprises, ensuring these cutting-edge technologies are produced on a larger scale. The Xploder technology, known for its explosive capabilities, and Agniastra, which boasts advanced weaponry features, are set to enhance India's defense capabilities. The transfer marks a significant shift in defense procurement and production strategies, reflecting a growing emphasis on public-private collaboration in India's military modernization efforts.
The transfer aims to boost indigenous defense manufacturing capabilities and reduce reliance on foreign technology.
Private sector involvement is expected to accelerate the production and deployment of advanced military technologies.
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Rajesh Nambiar Appointed President Designate of NASSCOM, Succeeds Debjani Ghosh.
Rajesh Nambiar has been appointed as the President Designate of NASSCOM, succeeding Debjani Ghosh. Nambiar, who has a distinguished career in the IT and technology sector, will assume the role as NASSCOM's President in the near future. His appointment comes as Ghosh completes her term, during which she made significant contributions to the organization and the tech industry. Nambiar's leadership is expected to continue driving NASSCOM's mission of promoting the IT-BPM industry in India and fostering innovation and growth. The transition marks a new chapter for NASSCOM as it navigates the evolving technological landscape.
Rajesh Nambiar's appointment reflects NASSCOM's commitment to strong leadership and industry growth amid evolving technology trends.
Debjani Ghosh’s tenure is recognized for advancing NASSCOM’s influence and fostering strategic industry partnerships.
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India's First Abrasive Waterjet Unveiled by IIT-Madras Director V. Kamakoti.
India's first abrasive waterjet was unveiled by V. Kamakoti, Director of IIT-Madras. This advanced technology, developed by IIT-Madras, utilizes a high-pressure stream of water mixed with abrasive materials to cut through tough materials with precision. The waterjet can be used in various industries, including manufacturing and construction, for its versatility and efficiency. The unveiling marks a significant milestone for India's technological capabilities and innovation in the field of material processing. This development is expected to enhance industrial applications and contribute to India's growth in high-tech manufacturing sectors.
The abrasive waterjet enhances cutting precision, reducing material waste and operational costs in industrial processes.
IIT-Madras' innovation opens new opportunities for research and development in advanced manufacturing technologies.
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NITI Aayog and CSIRO Launch Climate-Smart Agritech RISE Accelerator Program for Startups and MSMEs.
NITI Aayog, in collaboration with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), has launched the Climate-Smart Agritech RISE Accelerator Program. This initiative is aimed at supporting startups and Micro, Small, and Medium Enterprises (MSMEs) that focus on innovative agritech solutions. The program seeks to enhance agricultural productivity while addressing climate change challenges. Through mentorship, funding, and technical support, the program will empower entrepreneurs to develop sustainable and scalable agritech innovations. This partnership between NITI Aayog and CSIRO reflects a commitment to fostering innovation in the agricultural sector for a climate-resilient future.
The program targets agritech innovations that promote sustainable farming practices.
This program will provide selected startups with access to global networks and markets.
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United Arab Emirates Joins BRICS (Brazil, Russia, India, China, South Africa) Partners to Launch Centre for Industrial Competences.
The United Arab Emirates (UAE) has launched a new industrial capabilities center in collaboration with the BRICS group—Brazil, Russia, India, China, and South Africa. The initiative aims to enhance industrial capabilities and promote cooperation among member countries. The center will focus on improving technology, innovation, and industrial processes, which will contribute to economic growth and development within the BRICS framework. The UAE's involvement reflects its commitment to strengthening global industrial cooperation and supporting the shared goals of the BRICS nations.
The center will foster joint research and development projects to address common industrial challenges among BRICS nations.
By sharing best practices, the initiative aims to boost sustainable industrial development and competitiveness within BRICS.
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President of India Confers National Geoscience Award 2023 on 21 Geoscientists.
On August 21, 2023, the President of India honored 21 distinguished geoscientists with the National Geoscience Award. The ceremony, held at Rashtrapati Bhavan, recognized the significant contributions of these experts to the field of geosciences. The awards celebrate their advancements in understanding Earth's processes, natural resource management, and environmental protection. This recognition aims to encourage further research and innovation in geosciences, highlighting India's commitment to scientific excellence and sustainable development. The event was attended by notable figures from the scientific community and government officials, underscoring the importance of geosciences in national progress.
The award highlights India’s growing focus on scientific research and environmental sustainability. Recognized geoscientists contributed significantly to advancing geological knowledge and technology.
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"Razorpay is the Only Indian Company in Forbes Cloud 100 List 2024, with OpenAI in First Place.
In the Forbes Cloud 100 List for 2024, Razorpay has made history as the only Indian company featured. This recognition highlights Razorpay's significant impact and innovation in the cloud industry. Topping the list is OpenAI, renowned for its groundbreaking work in artificial intelligence. The Forbes Cloud 100 List celebrates the top private cloud companies globally, recognizing their excellence and influence. Razorpay's inclusion underscores the growing prominence of Indian tech firms on the international stage. This achievement reflects the company's commitment to advancing cloud solutions and its role in shaping the future of technology.
Razorpay’s inclusion highlights the growing influence of Indian tech firms in the global cloud industry.
OpenAI's top ranking emphasizes its leadership and innovation in artificial intelligence.
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The Ambani family is at the top of the 2024 Hurun India Most Valuable Family Businesses, and HCL Tech's Roshni Nadar leads among women.
The Ambani family has been named the most valuable family business in the 2024 Hurun India rankings. Their diverse business empire, spanning sectors from telecommunications to petrochemicals, has significantly contributed to their top position. Additionally, Roshni Nadar Malhotra, Chairperson of HCL Technologies, has emerged as the leading woman in the list of top business leaders. Her leadership has been instrumental in driving HCL’s growth and innovation, cementing her position at the forefront of female executives in India. Both achievements highlight the continuing influence and success of these prominent figures in India's business landscape.
The Ambani family's business empire continues to lead India’s wealth rankings, showcasing immense economic power and influence.
Roshni Nadar Malhotra’s leadership at HCL Tech reflects the growing impact of women in the tech industry.
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UP CM Yogi Adityanath Announces Myuva Scheme to Empower Youth Entrepreneurs.
Uttar Pradesh Chief Minister Yogi Adityanath has launched the Myuva scheme aimed at empowering young entrepreneurs in the state. This initiative seeks to provide financial support, training, and resources to help youth establish and grow their businesses. The Myuva scheme is part of a broader effort to boost economic development and job creation in Uttar Pradesh. By focusing on entrepreneurship, the scheme intends to harness the potential of young people and stimulate innovation across various sectors. This move is expected to create numerous opportunities for the youth, enhancing their role in the state's economic progress.
The Myuva scheme will offer mentorship and networking opportunities for young entrepreneurs. It aims to foster sustainable business practices.
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"Fintech Startup Jai Kisan Wins NBFC Licence and Targets Loan Distribution and Co-Lending.
Rural-focused fintech startup Jai Kisan has obtained a non-banking finance company (NBFC) licence following its acquisition of a majority stake in Kushal Finnovation Capital, an NBFC specialising in supply chain financing. Arjun Ahluwalia, cofounder and chief executive officer of Jai Kisan is a non-executive director of Kushal Finnovation Capital. With this new NBFC licence, Jai Kisan can now offer customised financial products including loans from its own portfolio. The company will also be able to enter into co-lending partnerships with financial institutions, including public sector banks in India.
Jai Kisan plans to leverage the licence for enhanced loan distribution and co-lending activities.
With the NBFC licence, Jai Kisan aims to offer more comprehensive financial services and improve access to credit in rural communities.
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India and USA Sign MoU to Boost Cooperation on Small and Medium Enterprises.
India and the USA have signed a Memorandum of Understanding (MoU) to enhance cooperation in the small and medium enterprise (SME) sector. This agreement aims to foster collaboration between businesses and governments of both countries, facilitating the exchange of best practices, technology, and resources. The MoU will focus on improving the growth potential and sustainability of SMEs, providing them with better access to international markets. The partnership is expected to bolster economic ties and create new opportunities for innovation and development in both nations.
The MoU includes initiatives for skill development and capacity building in the SME sector.
Both nations will organize joint events to promote SME growth and bilateral trade.
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NPCI Forms NPCI BHIM Services Ltd. as Wholly-Owned Subsidiary.
The National Payments Corporation of India (NPCI) has announced the establishment of NPCI BHIM Services Ltd. as its wholly-owned subsidiary. This strategic move aims to further enhance and expand the reach of the BHIM (Bharat Interface for Money) platform. By creating this subsidiary, NPCI intends to streamline operations and focus on improving digital payment solutions under the BHIM brand. This development is expected to boost the adoption of digital transactions and support the government's push for a cashless economy. NPCI BHIM Services Ltd. will play a crucial role in advancing financial inclusion and innovation in the payments sector.
NPCI BHIM Services Ltd. will enhance user experience with advanced features and better customer support for digital payments.
The new subsidiary aims to drive innovation and streamline transactions, aligning with India's financial inclusion goals.
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PM Narendra Modi Releases 109 High-Yielding, Climate-Resilient, and Biofortified Crop Varieties.
Prime Minister Narendra Modi has unveiled 109 high-yielding, climate-resilient, and biofortified varieties of crops. These new varieties are designed to withstand adverse climatic conditions, ensuring consistent productivity despite challenges like droughts, floods, and extreme temperatures. Additionally, these crops are enriched with essential nutrients, contributing to the fight against malnutrition. The initiative is part of the government's broader strategy to enhance food security and improve the nutritional profile of India's population. Modi emphasized the importance of agricultural innovation in ensuring the country's self-reliance and supporting the livelihoods of millions of farmers.
The new crop varieties will support sustainable agriculture and reduce dependency on chemical fertilizers.
These innovations aim to boost farmers' incomes by enhancing crop resilience and market value.
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AIIA Signs MoU with Amity University to Enhance Ayurvedic Research and Education"
The All India Institute of Ayurveda (AIIA) has signed a Memorandum of Understanding (MoU) with Amity University to advance the field of Ayurvedic research and education. This collaboration aims to foster innovation, integrate traditional Ayurvedic knowledge with modern scientific approaches, and enhance the quality of Ayurvedic education. The partnership will involve joint research projects, academic exchanges, and the development of new educational programs. By combining resources and expertise, AIIA and Amity University hope to make significant contributions to the global understanding and practice of Ayurveda.
The MoU will promote collaborative workshops and seminars to advance Ayurvedic practices and methodologies.
Both institutions will work together on developing advanced Ayurvedic therapies and treatment protocols.
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Vistara Crowned Best Airline in India and South Asia at the Skytrax World Airline Awards 2024.
Vistara has been named the Best Airline in India and South Asia at the Skytrax World Airline Awards 2024. This prestigious accolade recognizes Vistara's commitment to excellence in service, safety, and passenger experience. The airline, a joint venture between Tata Sons and Singapore Airlines, has consistently raised the bar in the aviation industry. Winning this award for 2024 further solidifies its position as a leading carrier in the region. Vistara's continued focus on innovation and customer satisfaction has made it the preferred choice for travelers across India and South Asia.
Vistara's in-flight services and cabin comfort were highly praised, contributing to its top ranking in 2024.
The airline's punctuality and customer support have been crucial in securing the Best Airline title in the region.
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The Chief Minister of Gujarat inaugurated India’s first MSME Center of Excellence by the Indian American Chamber of Commerce (IACC).
The Chief Minister of Gujarat recently inaugurated the first MSME (Micro, Small, and Medium Enterprises) Center of Excellence in India, established by the Indian American Chamber of Commerce (IACC). This center aims to support and enhance the capabilities of MSMEs across the country by providing advanced resources, training, and technology. The initiative reflects a commitment to boosting the sector's growth and innovation, fostering a more dynamic and competitive business environment. The center will serve as a hub for excellence, helping MSMEs scale their operations and achieve global standards.
The center will offer mentorship programs to guide MSMEs through business challenges and growth opportunities.
It aims to facilitate collaboration between MSMEs and global industry leaders for innovation and knowledge exchange.
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SEBI approves Praveena Rai as new MD & CEO of Multi Commodity Exchange (MCX).
The Securities and Exchange Board of India (SEBI) has approved Parveena Rai as the new Managing Director (MD) and Chief Executive Officer (CEO) of Multi Commodity Exchange (MCX). Parveena Rai, who has a strong background in finance and management, is expected to bring significant leadership and strategic direction to MCX. This appointment marks a pivotal moment for MCX as it aims to enhance its operations and expand its market presence under her leadership. The approval reflects SEBI's confidence in her ability to drive growth and innovation within the exchange.
Parveena Rai's appointment is anticipated to strengthen MCX's market strategies and operational efficiency significantly.
The decision underscores SEBI's commitment to appointing experienced leaders for advancing India's financial markets.
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On 7 August 2024, the Competition Commission of India (CCI) approved major mergers and acquisitions.
On August 7, 2024, the Competition Commission of India (CCI) granted approvals for several key mergers and acquisitions. The decisions, which are crucial for maintaining market competition, reflect the CCI’s ongoing efforts to ensure fair business practices and prevent monopolistic trends. The approved transactions span various sectors, including technology, pharmaceuticals, and consumer goods. This move is expected to foster a more competitive environment, encouraging innovation and benefiting consumers by potentially lowering prices and improving services.
The CCI's approvals aim to enhance competition across multiple industries, driving innovation and consumer benefits.
Approved deals include major players in tech and pharma, signaling growth and competitive dynamics in these Sectors.
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DSD Chief Piyush Gupta to Step Down in March 2025; Tan Su Shan to Succeed Him.
Piyush Gupta, the Chief Executive Officer of DSD, has announced his decision to step down from his role in March 2025. Gupta, who has led the company with distinction, will be succeeded by Tan Su Shan, a well-respected leader in the industry. This transition marks a significant change for DSD, as Gupta's tenure has been marked by notable achievements and growth. Tan Su Shan, known for her expertise and leadership, is expected to continue the company's progress and steer it towards new opportunities. The leadership change reflects DSD’s ongoing commitment to strategic evolution and innovation.
Piyush Gupta's tenure was marked by substantial growth and innovation at DSD.
Tan Su Shan's appointment signals a new strategic direction for DSD.
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China’s SSST Launches First 18 Satellites for Megaconstellation from Tianjin Satellite Launch Center (TSLC).
China's SSST has successfully launched the first 18 satellites for its ambitious megaconstellation project from the Tianjin Satellite Launch Center (TSLC). This launch marks a significant milestone in China's space exploration and satellite technology advancements. The megaconstellation aims to enhance global communication networks and improve data transmission speeds. By deploying these satellites, SSST is positioning itself at the forefront of space innovation. This development is expected to have a substantial impact on both commercial and scientific applications, marking a new era in satellite technology and connectivity.
The deployment of these satellites aims to bolster China's global satellite network capabilities and enhance data security.
SSST’s megaconstellation will provide improved internet coverage in remote areas, supporting global digital connectivity.
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PM Narendra Modi Inaugurates 32nd International Conference on Advances in Engineering (ICAE) in New Delhi.
On August 5, 2024, Prime Minister Narendra Modi inaugurated the 32nd International Conference on Advances in Engineering (ICAE) in New Delhi. The event, which brings together global experts, aims to explore cutting-edge innovations and advancements in engineering. Addressing the gathering, PM Modi emphasized the importance of technological progress for sustainable development and encouraged collaboration between researchers and industry leaders. The conference will feature various sessions on emerging technologies, research findings, and industry trends, providing a platform for knowledge exchange and networking among professionals from around the world.
The conference highlights India’s growing role in global engineering innovation and research advancements.
Prominent engineers and scientists will share insights on future trends and technological breakthroughs.
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Bharat Forge's Kalyani Strategic Systems Secures License to Manufacture Defense Products.
English: Bharat Forge’s Kalyani Strategic Systems has received a license to manufacture defense products, marking a significant milestone for the company. This license will enable Kalyani Strategic Systems to produce a range of defense equipment, bolstering India’s defense capabilities. The move is expected to enhance domestic production and reduce dependence on imports. The company’s entry into the defense manufacturing sector reflects its commitment to supporting national security and advancing technological innovation. This development aligns with the government's focus on strengthening the defense industry and promoting self-reliance in defense production.
The license supports local production and technology development in the defense sector.
This step strengthens strategic partnerships and boosts job creation in the defense industry.
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Thales and Garuda Aerospace Sign MOU to Secure Drone Operations in India.
Thales, a global technology leader, and Garuda Aerospace, a leading Indian drone manufacturer, have signed a Memorandum of Understanding (MOU) to secure drone operations in India. This agreement focuses on enhancing drone security and operational safety through the integration of advanced technologies. Both companies aim to address regulatory compliance and potential security challenges, promoting safer and more efficient drone use across various sectors. The collaboration signifies a major step forward in the advancement of India's drone industry, fostering innovation and strengthening the country's technological infrastructure.
The partnership will boost innovation in drone technology, promoting safer and more reliable operations nationwide.
Both companies will work together to enhance regulatory compliance and address potential security challenges in drone operations.
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RBL Launches RuPay Credit Card with UPI and NCMC Features.
RBL Bank has introduced a new RuPay credit card that incorporates both UPI and NCMC features, aiming to enhance the convenience of digital transactions. The card enables users to make seamless payments via Unified Payments Interface (UPI), integrating with the National Common Mobility Card (NCMC) system for a unified experience. This innovation is designed to streamline payment processes, offering a flexible and user-friendly financial solution. The addition of these features is expected to simplify transactions across various platforms, catering to the evolving needs of tech-savvy consumers and improving overall financial management.
The card supports contactless transactions, enhancing security and speed for everyday purchases.It provides exclusive rewards and benefits tailored to frequent users.
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Swift Partners with Axis Bank to Launch AI Pilot for Tackling Payment Fraud.
Swift has partnered with Axis Bank to launch an artificial intelligence (AI) pilot aimed at combating payment fraud. This initiative leverages AI technology to detect and prevent fraudulent transactions in real-time, enhancing the security of digital payments. By integrating advanced machine learning algorithms, the pilot program seeks to identify suspicious activities and mitigate risks associated with financial transactions. Axis Bank’s collaboration with Swift underscores a commitment to innovation and fraud prevention in the banking sector. This move marks a significant step toward safeguarding financial transactions against emerging threats.
The AI pilot aims to enhance transaction security by identifying unusual patterns and preventing fraudulent activities effectively.
Axis Bank's collaboration with Swift represents a significant advancement in using technology for fraud detection and prevention.
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World finTech day is celebrated on 1st August 2024.
World FinTech Day was celebrated on August 1, 2024, highlighting the transformative impact of financial technology. This annual event recognizes innovations that have revolutionized the financial industry, improving accessibility and efficiency. The day brought together leaders, entrepreneurs, and enthusiasts to discuss advancements in digital payments, blockchain, and financial services. Celebrations included seminars, workshops, and networking opportunities, aiming to foster collaboration and drive future developments in FinTech. The event underscored the importance of embracing technology to enhance financial systems and promote financial inclusion globally.
The event showcased emerging FinTech trends, emphasizing their role in shaping the future of financial services.
Key discussions focused on cybersecurity in FinTech, highlighting its importance for protecting financial transactions and data.
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IDEX & AFMS Sign MoU for Medical Innovations and Research.
IDEX (Innovations for Defence Excellence) and AFMS (Armed Forces Medical Services) have signed a Memorandum of Understanding (MoU) to foster advancements in medical innovations and research. This collaboration aims to enhance the development of cutting-edge medical technologies and solutions for defense personnel. The MoU outlines a framework for joint research initiatives, technology transfers, and the integration of new medical innovations into military healthcare systems. This partnership reflects both organizations' commitment to improving medical care and research capabilities for the armed forces, ensuring better health outcomes for service members.
The MoU aims to advance medical technology for defense applications and improve healthcare for armed forces personnel.
Joint projects will focus on developing innovative medical solutions and integrating them into military health systems.
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BIS and GBPUAT Sign MoU to Develop Standardized Agriculture Demonstration Farm.
The Bureau of Indian Standards (BIS) and Govind Ballabh Pant University of Agriculture and Technology (GBPUAT) have signed a Memorandum of Understanding (MoU) to develop a standardized agriculture demonstration farm. This collaboration aims to showcase advanced agricultural practices and technologies to enhance productivity and sustainability in farming. The demonstration farm will serve as a model for best practices and provide practical insights for farmers. The initiative is expected to drive innovation and support the growth of the agricultural sector, benefiting both local and national farming communities.
The MoU will facilitate the transfer of advanced agricultural technologies to improve farm efficiency and yield.
The collaboration aims to provide hands-on training and resources for farmers to adopt innovative practices.
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Union Minister Jitendra Singh Receives Lifetime Achievement Award.
Union Minister Jitendra Singh has been honored with the Lifetime Achievement Award for his outstanding contributions to public service and governance. The award recognizes his dedicated efforts in various roles, including his work in science and technology, administrative reforms, and development projects. Singh has been a prominent figure in Indian politics, known for his commitment to improving the quality of life for citizens and fostering innovation. The accolade celebrates his enduring impact on the nation and his exemplary leadership throughout his career.
Jitendra Singh's award highlights his significant impact on policy-making and administrative efficiency in Indian governance.
The recognition underscores Singh's role in advancing technology and development initiatives in his ministerial capacity.
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Union Minister Bhupendra Yadav Launches 'Ideas4Life' Initiative at IIT Delhi.
Union Minister Bhupendra Yadav launched the 'Ideas4Life' initiative at IIT Delhi. The program aims to foster innovation and creativity among students and researchers, encouraging them to develop solutions for real-world challenges. 'Ideas4Life' will provide a platform for young minds to collaborate, share ideas, and work on cutting-edge projects. The initiative is part of the government's broader effort to promote technological advancement and entrepreneurship in the country. During the launch, Yadav emphasized the importance of nurturing talent and harnessing the potential of India's youth to drive sustainable development and economic growth.
Ideas4Life' will include mentorship programs with industry experts for students and researchers.
The initiative aims to host annual innovation contests to encourage breakthrough solutions.
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RBI selects 5 entities under its regulatory sandbox scheme.
The Reserve Bank of India (RBI) has selected five entities for its regulatory sandbox scheme. This initiative allows these organizations to test their innovative financial products and services in a controlled environment under the RBI’s supervision. The selected entities will have the opportunity to evaluate their solutions' viability and compliance with regulatory requirements before a full-scale launch. This move aims to foster innovation in the financial sector while ensuring consumer protection and financial stability. The RBI's regulatory sandbox is a significant step towards modernizing the financial landscape and encouraging technological advancements in banking and finance.
The sandbox provides a safe environment to test innovative financial solutions before broader market implementation.
It encourages startups and fintech firms by offering regulatory flexibility and support during the testing phase.
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Govt extends Electric Mobility scheme, increases outlay to Rs 778 crore.
The Indian government has extended its Electric Mobility scheme and increased the funding allocation to ₹778 crore. This extension aims to promote the adoption of electric vehicles (EVs) and support the development of EV infrastructure across the country. The enhanced budget will be used to subsidize EV purchases, improve charging infrastructure, and incentivize manufacturing and innovation in the electric vehicle sector. This move is part of the government's broader strategy to reduce carbon emissions, combat climate change, and transition towards more sustainable transportation solutions.
The scheme extension will support local EV manufacturers and encourage research in battery technology.
Increased funding aims to make electric vehicles more affordable for consumers.
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Odisha govt presents Rs 2.65 lakh crore budget for FY'25.
The Odisha government has presented a substantial budget of ₹2.65 lakh crore for the financial year 2024-25. This budget reflects the state's commitment to enhancing infrastructure, education, and healthcare. Key allocations include significant investments in rural development and social welfare programs aimed at improving the quality of life for residents. The budget also emphasizes sustainable development and economic growth, with a focus on attracting investment and fostering innovation. This comprehensive fiscal plan is designed to address the state’s diverse needs and drive its progress over the coming year.
The budget introduces tax incentives to boost small businesses and startups in Odisha.
Increased funds are allocated for environmental conservation projects and renewable energy initiatives.
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IAEA and UNOSSC partner to enhance South-South cooperation.
The International Atomic Energy Agency (IAEA) has teamed up with the United Nations Office for South-South Cooperation (UNOSSC) to enhance South-South cooperation for sustainable development. This partnership aims to facilitate the sharing of knowledge, technology, and resources among developing countries. By leveraging their collective expertise, the collaboration seeks to address global challenges and promote sustainable development practices. The IAEA and UNOSSC will focus on projects that foster innovation and support the growth of sustainable solutions across various sectors, strengthening the capacity of countries in the Global South to achieve their development goals.
The partnership will focus on enhancing technical expertise and sharing best practices for sustainable energy solutions.
This initiative aims to strengthen institutional capacities and promote innovative approaches to tackle development challenges effectively.
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Indian Oil Corporation and the Indian Navy have signed an MoU to promote hydrogen e-mobility.
Indian Oil Corporation Limited (IOCL) and the Indian Navy have signed a Memorandum of Understanding (MoU) to advance hydrogen e-mobility. The partnership aims to explore the use of hydrogen as a clean fuel alternative for naval and civilian applications. This collaboration supports India's goal of enhancing sustainable transportation solutions and reducing carbon emissions. The agreement highlights the commitment of both organizations to drive innovation in the energy sector and contribute to the nation’s green energy objectives. Through this initiative, Indian Oil and the Indian Navy will work together to develop and implement hydrogen-based technologies.
The MoU will facilitate research and development in hydrogen technologies for both defense and civilian use.
This collaboration aims to reduce the carbon footprint and promote the adoption of clean energy solutions.
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World in vitro fertilization ( IVF) day is celebrated on 25 july .
World In Vitro Fertilization (IVF) Day is observed on July 25th each year. This day commemorates the advancements and impact of IVF technology in helping couples achieve pregnancy. Since the birth of the first IVF baby in 1978, this technology has revolutionized reproductive medicine and provided hope to millions struggling with infertility. IVF Day serves to highlight the achievements in assisted reproduction, raise awareness about fertility issues, and support ongoing research and innovation in the field. The day is an opportunity to celebrate the successes and acknowledge the continuous efforts to improve reproductive health.
IVF Day promotes global awareness of infertility treatments and celebrates breakthroughs in reproductive technology.
It honors the contributions of fertility specialists and advocates for expanded access to IVF services worldwide.
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Cmde D.K. Murali took over as Chairman and Managing Director of BECIL.
Cmde D.K. Murali, IN (Retd.), has been appointed as the Chairman and Managing Director of Broadcast Engineering Consultants India Limited (BECIL). With a distinguished career in the Indian Navy, Cmde Murali brings extensive experience in leadership and strategic planning. His appointment is expected to steer BECIL towards enhanced growth and operational efficiency. The organization looks forward to leveraging his expertise to strengthen its position in the broadcasting and media sectors. Cmde Murali's leadership is anticipated to drive BECIL's future initiatives and projects, fostering innovation and excellence in the industry.
Cmde Murali's strategic vision aims to enhance BECIL's operational capabilities and industry impact.
His leadership is set to drive innovation and strengthen BECIL's market position.
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AIM and WIPO sign LoI for joint innovation programs in the Global South.
The Atal Innovation Mission (AIM) and the World Intellectual Property Organization (WIPO) have signed a Letter of Intent (LoI) to enhance innovation programs in the Global South. This partnership aims to bolster startup ecosystems by leveraging WIPO's intellectual property expertise and AIM's innovation initiatives. Focusing on technology transfer, global networking, and resources for entrepreneurs, the collaboration targets to empower innovators in developing countries for accelerated innovation and entrepreneurship.
The partnership will focus on improving intellectual property management and fostering entrepreneurship in emerging economies.
AIM and WIPO will jointly organize workshops and training programs to enhance innovation skills in the Global South.
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Federal Bank Appoints Krishnan Venkat Subramanian as New MD & CEO.
Federal Bank has announced the appointment of Krishnan Venkat Subramanian as its new Managing Director (MD) and Chief Executive Officer (CEO). Subramanian, who has a robust background in finance and banking, succeeds Shyam Srinivasan. His appointment is expected to steer the bank through its next phase of growth and innovation. With extensive experience in leadership roles across the financial sector, Subramanian is anticipated to drive strategic initiatives and enhance operational efficiency at Federal Bank. This move is seen as a significant step in strengthening the bank's leadership and expanding its market presence.
Krishnan Venkat Subramanian brings a wealth of experience from leading financial institutions to Federal Bank.
The appointment aims to enhance Federal Bank’s competitive edge and strategic growth in the banking sector.
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MOC Minister Unveils 'The Future is Now' Theme for 8th IMC.
In a significant announcement, the Minister of Communication (MOC) revealed the theme for the 8th International Media Conference (IMC) as "The Future is Now." This year's conference aims to explore emerging trends and innovations in media and communication, highlighting the rapid advancements shaping the future. The theme underscores the urgency of adapting to new technologies and strategies to stay ahead in the evolving media landscape. The 8th IMC is expected to bring together industry leaders, experts, and innovators to discuss and collaborate on cutting-edge solutions and trends.
The 8th IMC will focus on integrating AI and digital technologies into media strategies and practices.
The conference will feature keynote speeches, panel discussions, and workshops led by top media professionals and innovators.
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UPL University partners ISRO for R&D in chemical sciences.
UPL University of Sustainable Technology, an initiative by the UPL Group and the Space Application Centre (SAC) of the Indian Space Research Organisation (ISRO), have signed a Memorandum of Understanding (MoU) to advance research and innovation in chemical sciences. This collaboration is part of UPL’s broader strategy to enhance academic excellence and foster global recognition, the company said in a statement.
The MoU will facilitate joint research projects and technology transfers between UPL University and ISRO’s SAC.
This collaboration aims to develop sustainable solutions and innovative technologies in the field of chemical sciences.
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BIS and IISc Bengaluru Sign MoU for Standardization.
The Bureau of Indian Standards (BIS) has signed a Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc) Bengaluru to promote standardization across various sectors. This collaboration aims to enhance research and development in standardization practices, improve quality assurance, and foster innovation. The MoU outlines joint efforts to develop and implement new standards, conduct training programs, and support the integration of advanced technologies. This partnership is expected to strengthen India's position in global standardization efforts and contribute to industrial and technological advancement.
The MoU aims to enhance collaboration between BIS and IISc for developing advanced standardization techniques and guidelines.
Joint training programs will focus on improving industry standards and integrating cutting-edge technologies in standardization.
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DOT's NTIPRIT and WIMTDC Merged into NCA Under Dr. Neeraj Mittal.
The Department of Telecommunications (DOT) has merged the National Telecommunications Institute for Policy Research, Innovation, and Training (NTIPRIT) and the Wireless Monitoring and Training Development Centre (WIMTDC) into the newly established National Cybersecurity Authority (NCA). This move is aimed at streamlining efforts in cybersecurity and telecommunications policy. Dr. Neeraj Mittal will lead the NCA, focusing on enhancing research, innovation, and training. The merger is expected to improve coordination between departments, ensure efficient policy implementation, and strengthen India’s cybersecurity and telecommunication infrastructure.
The NCA aims to unify cybersecurity and telecom policy efforts under one authority for better efficiency.
Dr. Neeraj Mittal’s leadership will focus on advancing training programs and innovative solutions in cybersecurity.
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Dr. Jitendra Singh Opens Asia’s First Pre-Clinical Network Facility under CEPI.
Union Minister Dr. Jitendra Singh inaugurated Asia’s first health research-related "Pre-clinical Network Facility" under the Coalition of Epidemic Preparedness Innovations (CEPI) today at the Regional Centre of Biotechnology under the aegis of the "Translational Health Science & Technology Institute" (THSTI), Faridabad.
The Coalition for Epidemic Preparedness Innovations (CEPI) has selected BRIC-THSTI as a pre-clinical network laboratory based on its capability to handle BSL3 pathogens.
The facility will advance health research and support epidemic preparedness by enabling pre-clinical studies on BSL3 pathogens.
CEPI selected BRIC-THSTI for its expertise in handling high-risk pathogens, enhancing global health research capabilities.
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Union Govt Reconstitutes NITI Aayog with NDA Ministers.
After having introduced changes to Prime Minister Narendra Modi’s Council of Ministers after the general elections, the National Democratic Alliance-led (NDA) government on July 16 reconstituted the government think tank NITI Aayog. The Aayog now introduces four full-time members and 15 Union Ministers from the BJP and allies of the NDA as ex-officio members or as special invitees. In a Facebook post announcing the move, the government think-tank wrote, “Embracing a vision for holistic development and innovation, NITI Aayog is on a journey of transformative initiatives that promise to redefine India’s future.
The reconstituted NITI Aayog includes four full-time members and 15 Union Ministers as ex-officio members or special invitees.
The NITI Aayog aims to drive transformative initiatives focusing on holistic development and innovation for India's future.
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Kerala retains top spot in the latest SDG India Index rankings.
Kerala shares the top spot with Uttarakhand with a composite score of 79 points. It topped the list in ‘zero hunger,’ and quality education, stood second in climate action and third in both gender equality, and ‘industry, innovation, and infrastructureKerala has retained its top ranking in the Sustainable Development Goals (SDG) India Index brought out by the Niti Aayog, sharing the top spot in the 2023-24 edition with Uttarakhand with a composite score of 79 points.
Kerala excelled in clean water and sanitation, securing the top position, underscoring its commitment to sustainable development.
It also ranked high in affordable and clean energy, demonstrating comprehensive progress towards achieving sustainable development goals.
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Raksha Rajya Mantri Shri Sanjay Seth Launches GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024).
Raksha Rajya Mantri Shri Sanjay Seth launched “GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024) of Garden Reach Shipbuilders & Engineers Limited ( GRSE) in Kolkata on July 10, 2024. It is an innovative scheme which seeks solution to the problems related to the shipyards and promotes technology development using the start-ups created and nurtured in the country. It encourages and enables MSMEs and Start-Ups to develop innovative solutions for further technological advancement.
GAINS 2024 aims to foster collaboration between MSMEs, startups, and GRSE for rapid technological innovations.
The scheme encourages adaptive solutions to enhance efficiency and competitiveness in shipbuilding and engineering sectors.
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BNP Paribas and Mistral AI Ink Deal for All AI Models"
BNP Paribas and Mistral AI have signed a broad agreement encompassing all Mistral AI models. The partnership aims to utilize advanced AI across sectors, enhancing BNP Paribas's services. This underscores their commitment to integrating cutting-edge technology for improved operations and decision-making. The collaboration highlights AI's growing role in finance, emphasizing BNP Paribas's proactive approach to innovation and efficiency.
This agreement aims to enhance operational efficiency and innovation through AI integration in banking processes.
BNP Paribas seeks to optimize service delivery and decision-making capabilities using Mistral AI's advanced models.
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ISRO to organise hackathon to celebrate first National Space Day on Aug 23.
The Indian Space Research Organisation (ISRO) is set to host a hackathon in celebration of the inaugural National Space Day on August 23. This event aims to foster innovation and creativity among participants in the field of space technology. It will provide a platform for enthusiasts to collaborate on solutions that address challenges in space exploration and satellite technology.
Following the Vikram landing, Prime Minister Narendra Modi had announced that "National Space Day" will be celebrated on August 23 every year.
The ISRO chief emphasised that the hackathon is being organised to create application-driven ecosystems and bring in innovation in space-based applications which will benefit both society and the nation.
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"RBI joins 'Project Nexus' to make it easier and faster for people to pay for things across borders."
RBI joins “Project Nexus” conceptualised by the Innovation Hub of the BIS, aims to connect the FPSs of four ASEAN countries for efficiency by 2026. RBI has joined 'Project Nexus' to streamline cross-border retail payments, aiming for faster transactions globally. This collaboration is set to enhance international payment efficiency and convenience for consumers.
Nexus, led by BIS Innovation Hub, connects FPSs of ASEAN nations and India for instant cross-border retail payments.
BIS and Central Banks of founding countries (BNM, BOT, BSP, MAS, RBI) signed agreement on June 30, 2024 in Basel, Switzerland.
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C-DAC Teams with MosChip and Socionext to Develop High-Performance AUM Processor on Arm Architecture.
C-DAC has teamed up with MosChip Technologies and Socionext Inc. to create a High-Performance Computing (HPC) Processor codenamed AUM. This initiative, based on Arm architecture, aims to advance supercomputing capabilities with indigenous technology. The collaboration focuses on integrating Arm's Neoverse™ V2 CPU platform and advanced packaging techniques to achieve competitive edge and innovation in HPC systems.
C-DAC collaborates with MosChip Technologies and Socionext Inc. on HPC Processor AUM.
It Integrates Arm's Neoverse™ V2 CPU platform and advanced packaging techniques.
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MoD to collaborate with SpacePixxel Technologies Pvt Ltd for design & development of miniaturised satellite capable of carrying multiple payloads up to 150 kgs for Indian Air Force.
Innovations for Defence Excellence (iDEX), the flagship initiative of the Ministry of Defence, signed the landmark 350th contract in New Delhi on June 25, 2024. The contract was inked with SpacePixxel Technologies Pvt Ltd for the design and development of a ‘Miniaturised satellite capable of carrying Electro-Optical, Infrared, Synthetic Aperture Radar, and Hyperspectral payloads up to 150 kgs’. This challenge is being led by the Indian Air Force. The 150th iDEX contract was signed in December 2022, and within a span of 18 months, the 350th contract has been signed.
This 350th iDEX contract enables innovation in space electronics, wherein many payloads earlier deployed on dedicated large satellites are now being miniaturised.
The modular small satellite will integrate multiple miniaturised payloads as per requirement, providing advantages like faster and economical deployment, ease of manufacturing, scalability, adaptability, and less environmental impact.
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Union Minister of State for Science and Technology, Minister of State for Earth Sciences, Dr. Jitendra Singh launches "One Week One Theme" (OWOT) campaign showcasing recent success stories of India in different streams of science and technology.
Union Minister Dr. Jitendra Singh says, ‘One Week One Theme’ initiative under Council for Scientific and Industrial Research (CSIR) aims to make innovation inclusive for all. Around 24 technology transfers, product launches, MoU Signed in presence of the Science and Technology Minister Dr. Jitendra Singh. Prime Minister Narendra Modi’s vision is to empower farmers and common citizens by not limiting Science to labs: Dr. Singh.
“Our aim is to integrate the efforts of all CSIR labs working on similar projects to reduce overlap and optimize resources,” says Dr. Jitendra Singh
Dr. N. Kalaiselvi, DG, CSIR; R. Pradeep Kumar, Director CSIR-CBRI, Roorkee were also present on the occasion.
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APIX and RBI Join Forces to Drive Financial Innovation Through HaRBInger 2024 Hackathon.
APIX, the leading global collaborative innovation platform for financial institutions and fintechs across over 90 countries, today announced its partnership with the Reserve Bank of India (RBI) to host the prestigious HaRBInger 2024 hackathon. This landmark collaboration aims to bring together the brightest minds from around the world to develop cutting-edge solutions that enhance the security and inclusivity of the financial ecosystem.
As a trusted platform utilised by major banks and regulators worldwide, APIX is uniquely positioned to empower innovators and accelerate their journey toward bringing innovative ideas to life.
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Bharat 6G Alliance Signed MoU with 6G-IA of Europe & 6G Flagship of Oulu University, Finland to Drive 6G Innovations.
Leveraging its telecom diplomacy, Department of Telecommunications [DoT], Ministry of Communications, has been establishing strategic international partnerships and collaborations to build a world-class telecom ecosystem to enhance global connectivity and position India as a global leader in digital innovation and infrastructure. In another step towards redefining the future of global communication, the Bharat 6G Alliance has recently signed a Memorandum of Understanding (MoU) with 6G Smart Networks and Services Industry Association (6G IA) and 6G Flagship- Oulu University. This is in continuation of already concluded MoU with NextG Alliance of USA. These MoUs with 6G IA and Oulu University will further enable development of secure and trusted telecommunication technology including resilient supply chains. Under the Bharat 6G Vision, DoT is already evaluating 470 proposals on “Accelerated research on 6G”.
These strategic partnerships are important steps on this journey towards achieving India's vision of empowering society through sustainable and advanced telecommunications while contributing to the global 6G ecosystem.
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SabPaisa Gets RBI Nod To Operate As A Payment Aggregator.
Payments solutions startup SabPaisa has received ‘in-principle’ approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. The licence will enable SabPaisa to fill the ‘innovation gap’ and scale its offerings to onboard more merchants onto its fold. The authorisation will also enable the startup to bring ‘unification, inclusivity, experience and performance’ in the platform’s product suite.
The New Delhi-headquartered bootstrapped startup claims to have grown its revenue 2X in the past two fiscal years
SabPaisa joins a small group of fintech startups including Infibeam Avenues, Razorpay, Mswipe and Pine Labs that have received the licence
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Sankara Eye Foundation India Launches First-of-its-kind Innovation Lab for Eye Care in India.
Sankara Eye Foundation, India has launched the country’s first-of-its-kind Innovation Lab supported by G.D. Naidu Charities, focused on advancing eye care through cutting-edge research, development, and training. This center aims to deliver high-quality eye care solutions to underserved populations in India, reaching the most remote rural villages with innovative approaches to diagnosis, treatment, and prevention.
Key research areas include the development of new diagnostic tools, surgical instruments, intraocular devices, telemedicine solutions, spectacles, and assistive technologies.
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NITI Aayog launched initiatives under Atal innovation mission to Foster innovation.
Atal Innovation Mission (AIM), NITI Aayog is Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country and was setup in 2016. Towards this end AIM has taken a holistic approach to ensure creation of a problem-solving innovative mindset in schools and creating an ecosystem of entrepreneurship in universities, research institutions, private and MSME sector. All the initiatives of AIM are currently monitored and managed systematically using real-time MIS systems and dynamic dashboards. AIM is also currently having its programs reviewed by third party agencies for ensuring continuous improvements.
The aim is to stimulate a problem-solving innovative mindset within the children of the ATL and nearby communities. Till date, AIM has established 10,000 Atal Tinkering Labs in Schools across the country.
Atal Incubation Centres or AICs are business incubators established by AIM at universities, institutions and corporates to promote innovation and entrepreneurship among young innovators of the country.
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Pixxel, Sarvam AI, Nirmai Health Analytix among 10 indian startups in WEF's technology pioneer 2024 list.
The list has total 100 leading tech startups which are focused on applying new breakthroughs in AI to develop clean energy solutions, healthcare innovation and progress in biotech, space and neurotechnology. Those having been named on the list in the past include tech giants like Airbnb, Google, Kickstarter and Spotify. Niramai is developing a novel AI-based test for detecting early-stage breast cancer, which is affordable, portable and non-invasive. Pixxel is developing hyperspectral satellite imagery to capture geospatial data, while Sarvam AI is building foundation AI models and platforms for their use with a focus on Indian languages and use cases.
The 100 Technology Pioneers include startups from 23 countries, with a third led by a woman chief executive.
There are nine space companies, including Pixxel from India, four neurotechnology startups, and four working in the area of clean technology, including Amperehour and International Battery Company from India.
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Indian Army launches Integrated Generator Monitoring, Control System 'Vidyut Rakshak'.
Vidyut Rakshak is an Internet of Things-enabled integrated generator monitoring, protection and control system. The Internet of Things (IoT) is a network of interrelated devices that connect and exchange data with other IoT devices and the cloud. The Indian Army has launched 'Vidyut Rakshak', an integrated generator monitoring, protection, and control system developed by the Army Design Bureau (ADB). This tech-based innovation, part of the Army's 'Year of Tech Absorption', utilizes Internet of Things (IoT) technology to monitor, predict faults, and automate manual operations of all existing generators, regardless of type or make. The system aims to save manpower and signifies the Army's commitment to leveraging technology for transformative change. Vidyut Rakshak was showcased during Aero India 2023 and has already been inducted into the Indian Army.
Vidyut Rakshak has been developed by Major Rajprasad R S and was displayed recently during the 'Exercise Bharat Shakti' and was witnessed by Prime Minister Narendra Modi, the Army said.
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Edelweiss Tokio Life Insurance has rebranded as Edelweiss Life Insurance.
Edelweiss Tokio Life Insurance has announced its rebranding as Edelweiss Life Insurance, reflecting a renewed focus on innovation, simplicity, and a modern approach to insurance. Over the past four years, Edelweiss Life Insurance has reoriented its advisory approach, developed insta-issuance capabilities for customer onboarding, and created a unified app to facilitate easy business for distributors. The company has also advanced its data and analytics capabilities to support ongoing innovation, making it more agile in serving its customers. This transformation is reflected in the company’s refreshed logo while retaining its brand positioning of ‘Zindagi unlimited.’
“This rebranding is a significant step in our business journey, enhancing our competitiveness in the marketplace. We are available to assist our customers and partners with any queries,” Rai added.
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Armed Forces Medical Services & IIT Hyderabad ink MoU for Collaborative Research and Training.
The Armed Forces Medical Services (AFMS) have signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Hyderabad to collaborate on research and training. The MoU was signed by Director General of Armed Forces Medical Services Lt Gen Daljit Singh, and Director of IIT Hyderabad Prof B S Murty. The MoU aims to foster innovation and research in developing novel medical devices and addressing health issues specific to soldiers serving in varied terrains. IIT Hyderabad, with its departments of Biotechnology, Biomedical Engineering, and Bioinformatics, will provide the necessary technical expertise to tackle the diverse medical challenges faced by the Armed Forces.
Prof B S Murty expressed IIT Hyderabad’s dedication to addressing the problem statements presented by the Armed Forces, ensuring prompt and effective solutions to the challenges they face.
This collaboration marks a significant milestone in leveraging advanced technology and research to enhance the health and well-being of military personnel.
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Central Council for Research in Ayurvedic Sciences Launches “PRAGATI-2024”, an initiative to shape the future of Ayurveda.
The Central Council for Research in Ayurvedic Sciences (CCRAS), an autonomous body under the Union Ministry of Ayush, today launced “PRAGATI- 2024” (Pharma Research in AyurGyan And Techno Innovation). It offers a very useful opportunity for collaborative reasearch in the filed of Ayurveda. Today’s interactive meeting aimed to explore research opportunities and foster collaboration between CCRAS and the Ayurveda drug industry.
The event was well attended by CEO’s/ MD’s /Directors and Head of research units from 37 pharma Companies. Mrs. Kavita Garg, joint secretary, Ministry of Ayush and other senior officeials of the ministry were also present during the event.
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TCS gets core banking transformation deal from Kuwait’s Burgan Bank.
Tata Consultancy Services (TCS) on May 22 announced that it has bagged a deal to modernize the core banking technology of Burgan Bank, a leading commercial bank in Kuwait, coming at a time when the IT services giant is seeing increased growth and demand in the emerging markets including the Middle East. TCS will help Burgan Bank consolidate multiple standalone legacy applications into a contemporary universal banking solution that drives innovation and strengthens customer relationships. Burgan Bank is one of the youngest commercial banks in Kuwait, with a regional network of over 160 branches and 360 ATMs.
Burgan Bank will deploy TCS’ solution to manage higher transaction volumes, enhance automation, and improve staff productivity.
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Nippon India Mutual Fund Launches Industry-First Sonic Identity: The Sound of Freedom.
Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), proudly announces the unveiling of its groundbreaking sonic identity -- a powerful soundscape symbolizing financial freedom. NIMF is the first asset management company (AMC) in India to launch its own brand sound. This innovative initiative underscores the company's commitment to innovation and fostering deeper connections with investors.
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DPIIT organizes ONDC Startup Mahotsav in New Delhi,12 Unicorns, over 125 startups commit to onboarding ONDC.
Department for Promotion of Industry and Internal Trade (DPIIT) organised the ‘ONDC Startup Mahotsav’, a first of its kind event, on 17th May 2024 at Vanijya Bhawan, New Delhi. The event symbolized the celebration and collaboration of two of DPIIT’s flagship initiatives – the Startup India initiative and Open Network for Digital Commerce (ONDC).Secretary, DPIIT, Shri Rajesh Kumar Singh, underlined the Government's unwavering commitment to nurturing and encouraging ecosystem for startup growth and innovation. He said, “The ONDC Startup Mahotsav is an inflexion point for startups in India to leverage the opportunities unlocked by ONDC. The network has rapidly grown and matured over the past one and a half years, and today’s session reflects both the DPIIT’s and industry’s commitment to democratising digital commerce in India.”
Over 5,000 startups participated in a hybrid event showcasing enthusiasm for the ONDC platform.
125 ecosystem stakeholders, including notable names like EaseMyTrip and Zerodha, signed Letters of Intent during the event, indicating strong interest in collaboration.
Joint Secretary of DPIIT highlighted the government's vision for ongoing collaboration between startups and ONDC, emphasizing the pivotal role of startups in driving innovation and enhancing consumer choice within the ecosystem.
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FICCI-IESA Sign MoU To Boost India’s Semiconductor And Electronics Industry.
India Electronics and Semiconductor Association (IESA) has signed a Memorandum of Understanding (MoU) with Federation of Indian Chambers of Commerce and Industry (FICCI) to promote innovation, support the semiconductor and electronics industry, strengthen supply chains, and foster development of the ecosystem in India.“This collaboration will work on setting up joint task force on semiconductor and critical technologies of the future. Conducting technology consultative roundtables, fostering business partnerships would be the core objective of this MoU” said SK Pathak, Secretary General, FICCI.
The partnership between IESA and FICCI aims to elevate India's status as a global center for electronics design and manufacturing, marking a significant milestone in this endeavor.
By leveraging IESA's expertise and FICCI's extensive member network, the collaboration seeks to enhance investment opportunities in the semiconductor and electronics sectors, fostering growth, local value addition, and India's self-reliance.
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Forbes 30 Under 30 ASIA 2024: Statiq founders Akshit Bansal, Raghav Arora & TDC founder Bhagya Shree Jain find a spot.
Forbes on Thursday released its ninth edition of the “30 Under 30 Asia” list, celebrating 300 young entrepreneurs, leaders, and trailblazers under 30 who are driving innovation and transforming industries across the Asia-Pacific region. The list also features India's Akshit Bansal and Raghav Arora, Co-founders of Statiq and Bhagya Shree Jain, Founder of The Disposal Company.
Statiq, founded by Bansal and Arora, offers a nationwide network of EV charging stations.
Statiq raised $27.5 million and aims for $9.9 million in revenue in 2024.
The Disposal Company (TDC), founded by Bhagya Shree Jain, promotes plastic neutrality and supports waste workers.
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National Technology Day 11 May,2024: On this day, India successfully tested nuclear bombs in Pokhran.
On May 11, 1998, India marked a significant milestone in its defense and scientific endeavors with the initiation of Operation Shakti, also known as Pokhran II. This operation, led by the government under Prime Minister Atal Bihari Vajpayee, comprised a series of nuclear bomb tests conducted at the Pokhran Test Range. The operation included the detonation of five nuclear devices, classified as Shakti I to Shakti V, with the first being a fusion bomb and the rest fission bombs. This event solidified India's status as a nuclear power and underscored its capability in defense technology. It also emphasized the importance of science and innovation in national security and development.
India conducted the first test flight of the indigenous aircraft "Hansa-3" in Bangalore on May 11, 1998.
On the same day, India successfully test-fired the Trishul missile.
Operation Shakti (Pokhran-II) was initiated on May 11, 1998, marking India's entry into the nuclear club with five detonations, including one fusion bomb and four fission bombs.
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HDFC Bank, Atal Innovation Mission empower social sector startups with Rs 19.6 crore grants.
HDFC Bank on Wednesday said it supported social sector startups in India with grants worth Rs 19.6 crore in FY24, in partnership with Atal Innovation Mission (under NITI Aayog). In FY 2023-24, 170 social start-ups received funding via 41 incubators, with a total of Rs 19.6 crore in the ‘Parivartan Start-up Grants programme.’ The focus areas for the 2024 grants included climate innovation, financial inclusion, agriculture and sustainable rural economy, accessible and affordable healthcare, education and livelihood enhancement, gender diversity and inclusion.
HDFC Bank supported social sector startups in India with grants worth Rs 19.6 crore in FY24.
170 social startups received funding through 41 incubators under the 'Parivartan Start-up Grants programme.'
Focus areas for the grants included climate innovation, financial inclusion, agriculture, healthcare, education, and gender diversity.
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The Department of Telecommunications (DoT) organised "Telecom Design Collaboration Sprint", first-of-its-kind initiative, at IIIT, Bangalore.
The Department of Telecommunications (DoT) organised "Telecom Design Collaboration Sprint", first-of-its-kind initiative, at IIIT, Bangalore. 15 leading startups/MSME in the Radio Access Network (RAN), Core ecosystems, esteemed institutions such as IIT Madras, C-DOT, IIT Delhi and other network entities participated. This collaboration engaged in deep-Tech rapid ideation and innovative solution towards developing a comprehensive and future-ready telecom stack encompassing comprehensive 5G solution and setting the stage for future advancements to 6G. The Sprint underscores DoT's commitment to nurturing innovation and fostering industry collaboration to propel India's telecommunications sector towards global leadership in the 5G era and beyond. Bringing together unique strengths and competence of start-ups and MSMEs, together with academia and industry, the DoT aims at creating a robust and forward-looking mobile telecom stack with an emphasis on advancing towards 6G technology.
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UNICEF India appointed Bollywood Actress Kareena Kapoor Khan as its new National Ambassador.
UNICEF India appointed Bollywood Actress Kareena Kapoor Khan as its new National Ambassador. She has been associated with Unicef India since 2014, will support the not-for-profit organisation in furthering every child's right to early childhood development, health, education and gender equality. Kareena had earlier served as a Celebrity Advocate for UNICEF India. Besides Kareena, Unicef India has also appointed its first-ever Youth Advocates, who are peer leaders and champions on issues like climate action, mental health, innovations and Girls in STEM (science, technology, engineering and mathematics). The four advocates are Gauranshi Sharma from Madhya Pradesh on right to play and disability inclusion; Kartik Verma from Uttar Pradesh on climate action and child rights advocacy; singer Nahid Afrin from Assam on mental health and early childhood development; and Vinisha Umashankar from Tamil Nadu is a budding innovator and STEM pioneer.
These youth advocates are part of Unicef's global programme and join a cohort of more than 93 youth advocates.
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The Indigenous Technologies of Thermal camera, designed and developed by CDAC Thiruvananthapuram under InTranSE Program of MeitY, was transferred to M/s Aditya Infotech (CP Plus).
The Indigenous Technologies of Thermal camera, designed and developed by CDAC Thiruvananthapuram under InTranSE Program of MeitY, was transferred to M/s Aditya Infotech (CP Plus). It is a step towards Innovation, Science and Technology theme of Viksit Bharat @2047. The thermal Smart camera has an inbuilt Data Processing Unit (DPU) to run various AI based analytics. The indigenised technology is targeted for applications across multiple domains, including Smart cities, Industries, Defence and Health, etc. The field implementation, testing and validation of this camera was done for Road traffic applications.
Under InTRanSE program of R& D group, MeitY, technologies/product/solution developed for Traffic control, Public Transit, Road Safety, Sensors for traffic Applications etc. have been compiled in a booklet form which was launched for awareness creation.
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DoT organises Telecom Design Collaboration Sprint to drive deep-tech innovation in telecom sector.
The Department of Telecommunications (DoT) organised the first-of-its-kind Telecom Design Collaboration Sprint to foster deep-tech innovation among startups and academic institutions, a PIB press release stated. Through this initiative, DoT aims to drive the growth of the digital ecosystem by facilitating collaboration and innovation among a range of stakeholders. The event, which was held in Bangalore, brought together 15 leading startups, MSMEs, and academic institutions including IIT Madras, C-DOT, and IIT Delhi.
It was the first-of-its-kind initiative by DoT to foster deep-tech innovation among startups and academic institutions in the telecommunications sector. The goal is to drive growth of the digital ecosystem by facilitating collaboration and innovation among various stakeholders like startups, MSMEs, and academic institutes.
The event was held in Bangalore and brought together 15 leading entities including startups, MSMEs, IIT Madras, C-DOT (Centre for Development of Telematics), and IIT Delhi.
By enabling this cross-pollination of ideas and expertise across industry and academia, DoT aims to spur development of cutting-edge telecommunications technologies and solutions.
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Every year, World Intellectual Property Day is observed on 26 April.
Every year, World Intellectual Property Day is observed on 26 April. In 1883, the Paris Convention for the Protection of Industrial Property was signed which further established protection for intellectual properties. This was aimed to protect inventions, trademarks, and industrial designs. In 1970, the Convention establishing the World Intellectual Property Organization came to be known as WIPO. In 1974, WIPO became a specialised agency of the United Nations. The theme for World Intellectual Property Day 2024 is "IP and the SDGs: Building Our Common Future with Innovation and Creativity".
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Ericsson India and the Foundation for Innovation & Research in Science & Technology (F.I.R.S.T) at the Indian Institute of Technology (IIT) Kanpur partnered to boost Mobile Fintech innovation.
Ericsson India and the Foundation for Innovation & Research in Science & Technology (F.I.R.S.T) at the Indian Institute of Technology (IIT) Kanpur have announced a two-year strategic partnership to drive innovation in Mobile Financial Services (MFS) and Fintech solutions. The partnership will identify emerging technologies, trends, and market insights to address real customer needs. This collaboration comes at a pivotal moment as the digital wallet market is predicted to surpass $16 trillion in transactions by 2028.
Ericsson’s Wallet Platform supports over 400 million registered mobile wallets, processing 2.8 billion transactions valued at over $40 billion monthly.
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NABARD partners with Reserve Bank Innovation Hub (RBIH) Hub to fast-track digital agri lending.
The National Bank for Agriculture and Rural Development (NABARD) has partnered with Reserve Bank's arm RBIH to put in place a system which will enable faster processing of agricultural loans. NABARD will integrate its e-KCC loan origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI. NABARD has developed the loan origination system portal to facilitate digital Kisan Credit Card (KCC) loan processing for cooperative banks and Regional Rural Banks (RRBs). The digitisation of agricultural lending will ensure instant doorstep delivery of credit to farmers while improving the efficiency of banks, advancing NABARD's mission of fostering rural prosperity. Through the integration with PTPFC, about 351 district and state cooperative banks and 43 RRBs will gain access to a range of services including digital state land records, satellite data, KYC, credit history and transliteration for more effective credit underwriting.
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Khanij Bidesh India Limited (KABIL) signed a MoU with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations.
Khanij Bidesh India Limited (KABIL) signed a MoU with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations. This collaboration will focus on Geophysical, Geochemical and Geological surveys, data analysis, interpretation and modelling, scientific knowledge sharing, technical support and advisory services. This collaboration will pave the way for driving innovation and actionable insights towards the ongoing KABIL projects.
KABIL is a Joint Venture company of three public sector undertakings - National Aluminium Company Limited (NALCO), Hindustan Copper Limited (HCL) and Mineral Exploration and Consultancy Limited (MECL).
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On the sidelines of the India-Kuwait Investment conference 2.0, India and Kuwait inked a MoU aimed at sharing information on technologies and innovations within the financial and regulatory sectors.
On the sidelines of the India-Kuwait Investment conference 2.0, India and Kuwait inked a MoU aimed at sharing information on technologies and innovations within the financial and regulatory sectors. The event, supported by the Indian Business and Professional Council (IBPC), Union of Investment Companies (UIC), and Kuwait Chamber of Commerce and Industry (KCCI), brought together key stakeholders from both nations. The India-Kuwait Investment Conference 2.0, organized by the Embassy with the backing of IBPC, UIC, and KCCI, witnessed the Managing Director of Kuwait Investment Authority (KIA) as the Chief Guest. High-profile representatives from Gujarat International Finance Tec-City (GIFT City), National Investment and Infrastructure Fund (NIIF), and Invest India presented insights and perspectives at the conference. Additionally, representatives from the Indian Business and Professional Council (IBPC) and Confederation of Indian Industry (CII) contributed to the discussions.
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IndusInd Bank has become the first bank to successfully execute RBI’s programmable CBDC pilot in an exchange filing.
IndusInd Bank has become the first bank to successfully execute RBI’s programmable CBDC pilot in an exchange filing. The pilot project is being carried out in partnership with Circularity Innovation Hub India Private Limited (CIH) as a substitute for CBDC, allowing the Bank to plan how money would be used in the end and provide it to farmers instead of producing carbon credits. IndusInd Bank launched the programmable CBDC payout to 50 farmers in the Ratnagiri area of Maharashtra as part of this trial, and it will eventually cover about 1000 farmers. This is a major step forward in the adoption of creative financial solutions for the agriculture industry. As part of this project, IndusInd Bank is creating digital wallets and overseeing CBDC transfers.
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Razorpay launched its own Unified Payments Interface (UPI) infrastructure, or 'UPI switch', in partnership with Airtel Payments Bank.
Razorpay launched its own Unified Payments Interface (UPI) infrastructure, or 'UPI switch', in partnership with Airtel Payments Bank. The infrastructure is designed to handle up to 10,000 transactions per second, at any given time, and enable five times faster access to UPI innovations for businesses. The infrastructure must be hosted by a bank for businesses to use it. Airtel Payments Bank is Razorpay's banking partner for this. This infrastructure is powered by technology service providers (TSPs) for banks and plays a crucial role in processing UPI transactions at scale. This UPI switch will serve as a platform driving UPI innovations while supporting existing solutions like Turbo UPI and third-party payment solutions.
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CelerityX, the enterprise networking solutions division of OneOTT Intertainment Ltd (OIL) and a subsidiary of Hinduja Global Solutions Limited, has introduced its latest innovation – OneX.
CelerityX, the enterprise networking solutions division of OneOTT Intertainment Ltd (OIL) and a subsidiary of Hinduja Global Solutions Limited, has introduced its latest innovation – OneX. As a start, it also announced deployment of OneX to tackle the connectivity challenges faced by cooperative credit societies in Maharashtra. Through a strategic partnership with Maharashtra State Cooperative Credit Societies Federation (MAFCOCS), it aims to enable secure and high uptime banking connectivity for over 40,000 branches in the state, with the potential to serve over 100,000 branches nationwide.
CelerityX has received its first order from Samta Sahakari Patasanstha for its branches in Maharashtra.
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World Creativity and Innovation Day, observed annually on 21 April.
World Creativity and Innovation Day, observed annually on 21 April. World Creativity and Innovation Day is a part of the World Creativity and Innovation Week that begins on April 15, celebrated as World Art Day in honor of Leonardo da Vinci’s birthday and ends on April 21. Marci Segal, a creativity specialist and futurist from Canada, founded this day in 2002. In recognition of the importance of creativity and innovation, the UN declared April 21 as World Creativity and Innovation Day in 2017 during its 79th plenary meeting at the seventy-first session of the United Nations General Assembly (UNGA). The first World Creativity and Innovation Day was celebrated in 2018.
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The Indian Institute of Technology Kanpur and Blockchain For Impact (BFI) have announced a strategic partnership under the BFI-Biome Virtual Network Programme to nurture innovations and driving advancements in healthcare in India.
The Indian Institute of Technology Kanpur and Blockchain For Impact (BFI) have announced a strategic partnership under the BFI-Biome Virtual Network Programme to nurture innovations and driving advancements in healthcare in India. As part of this collaboration, BFI will support IIT Kanpur in promoting entrepreneurial initiatives through the Startup Incubation & Innovation Centre (SIIC), IIT Kanpur. As part of this programme, BFI has pledged to allocate over $150,000 across three years to develop programmes specifically tailored to healthcare-focused startups at IIT Kanpur's Startup Incubation and Innovation Centre (SIIC).
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SBI Life Insurance launched the 1st edition of 'IdeationX'.
SBI Life Insurance launched the 1st edition of 'IdeationX', to encourage young minds from B-Schools to innovate life insurance solutions. The innovative platform aims at engaging and encouraging future leaders from B-Schools across the country to think, innovate and present unconventional life insurance solutions that address consumer's evolving insurance needs and contribute towards reshaping India's life insurance sector landscape. In alignment with IRDAI's vision of 'Insurance for All by 2047', SBI Life's 'IdeationX' aims to involve, inspire & empower the young minds by nurturing a culture of innovation and thought leadership. The inaugural edition of SBI Life- IdeationX witnessed enthusiastic participation from over 1000 young minds representing B-Schools such as NIA in Pune, NIRMA in Ahmedabad, SIES in Mumbai, KJ Somaiya in Mumbai, IMI in Kolkata, BML Munjal in Gurgaon, IMT in Hyderabad, and XIME in Bangalore.
India's impending ascent to become the 3rd largest economy by 2030 presents a vast opportunity for the life insurance industry.
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ISRO has developed lightweight Carbon-Carbon (C-C) nozzle for rocket engines.
ISRO has developed lightweight Carbon-Carbon (C-C) nozzle for rocket engines. This innovationaccomplished by Vikram Sarabhai Space Centre (VSSC) promises to enhance the vital parameters of rocket engines, including thrust levels, specific impulse, and thrust-to-weight ratios, thereby boosting the payload capacity of launch vehicles. VSSC, continuingits pioneering work in space research, has leveraged advanced materials like Carbon-Carbon (C-C) Composites to create a nozzle divergent that offers exceptional properties. A key feature of the C-C nozzle is its special anti-oxidation coating of Silicon Carbide, which extends its operational limits in oxidizing environments. This substitution is projected to increase the payload capability of the PSLV by 15 kg, a notable enhancement for space missions.
The PS4, the fourth stage of the PSLV, currently employs twin engines with nozzles made from Columbium alloy.
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The European Union (EU) and India launched an Expression of Interest (EOI) for start-ups working in the area of Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event.
The European Union (EU) and India launched an Expression of Interest (EOI) for start-ups working in the area of Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event. The matchmaking aims to enhance the cooperation between European and Indian Small and Medium-sized Enterprises (SMEs) and start-ups in the clean and green technologies sector. This initiative takes place under the India-EU Trade & Technology Council (TTC) announced by the Prime Minister of India, Shri Narendra Modi and Ms Ursula von der Leyen President of the European Commission, at their meeting in New Delhi on April 2022. This event is also part of a broader effort to promote sustainable agenda, foster innovation and forge stronger economic relations between the European Union and India.
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Secretary (Telecom), Dr Neeraj Mittal, virtually launched "Experimental Licence module for 100 5G Labs" during a 5G workshop at IIT Madras.
Secretary (Telecom), Dr Neeraj Mittal, virtually launched "Experimental Licence module for 100 5G Labs" during a 5G workshop at IIT Madras. This initiative aims to simplify the experimental licence requirements for these institutions, facilitating smoother operations and fostering innovation in the 5G domain. Department of Telecommunications (DoT) has awarded ‘100 5G Use Case Labs' to educational institutions across the country. The primary objective behind this initiative is to cultivate competencies and engagement in 5G technologies among students and start-up communities. With only basic information required such as institute address, authorized personnel, and a nominal fee of Rs5000, the application process is streamlined, making it more accessible to a wider range of institutions.
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IIT Bombay’s Society for Innovation & Entrepreneurship (SINE) has partnered with Canara Bank to provide financial aid to start-ups across India.
IIT Bombay’s Society for Innovation & Entrepreneurship (SINE) has partnered with Canara Bank to provide financial aid to start-ups across India. The partnership was signed on April 3, 2024, at the SINE office on the IIT Bombay campus. Sri Ashok Chandra, Executive Director of Canara Bank was also present at the ceremony. SINE also actively collaborates with industry/ corporates for its various programs.
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