INNOVATION AUTHORITY
IIT Madras unveils plans to make India a global chess powerhouse
IIT Madras Centre of Excellence in Sports Science and Analytics (CESSA) unveiled plans to boost India's chess prowess using technology-driven tools, focusing on fan engagement, cheating detection, and training programs at grassroots level. The initiative, disclosed at the 'Sports Tech Start Up Conclave' in New Delhi, aims to collaborate with stakeholders in the sports ecosystem and develop platforms leveraging high-performance computing and Artificial Intelligence to support chess players. IIT Madras CESSA also intends to launch new sports courses on NPTEL and consider offering programs in AI/ML, Data Science, Sports Science, and Sports Management.
ET Leadership Excellence Awards 2024 honours the leadership and innovative prowess of these trailblazing entrepreneurs
The ET Leadership Excellence Award at Holiday Inn Lucknow Airport on June 23, 2024, honored 39 leaders. Asim Arun and Ronit Roy presented awards. Sudhir Mishra, Yawer Ali Shah, and Dr. Sandeep Kapoor spoke. Directed by Shiv Shankar Awasthi, the event emphasized gratitude, dedication, and celebrated excellence, unity, and hard work in leadership.
M1 NXT appoints Munindra Verma as CEO
M1 NXT, an international trade financing platform, has appointed Munindra Verma as its new CEO. Verma, who previously worked at YES Bank, will expand the platform's Global Financiers network and lead efforts to integrate digital technologies. Mynd Group promoter and director Sundeep Mohindru said Verma's expertise in innovative financial solutions will help establish M1 NXT as a trusted provider of international trade finance solutions for Indian businesses.
Transforming governance through AI
Artificial intelligence (AI) could streamline college admissions by collating student data, suggesting colleges, filling out common applications, and applying for scholarships. Universities would benefit from faster, more efficient seat allocation and scholarship awarding, simplifying the entire process. AI-enabled chatbots can provide very specific and contextualized responses in multiple languages to queries from citizens and even deliver a wide range of citizen-centric services.
2024 Budget: Transforming India's agriculture for climate resilience and food security
Budget: The 2024 budget presents a chance to sow the seeds of a transformed agricultural sector - resilient, sustainable, empowered. By embracing innovation, investing in the future and placing the farmer at the heart of the equation, India can cultivate a productive agricultural landscape that supports its people and the world's.
Brazil authority suspends Meta's AI privacy policy, seeks adjustment
Brazil's National Data Protection Authority suspends Meta's privacy policy, affecting personal data processing for AI training. ANPD's decision, published in the official gazette, aims to protect fundamental rights with fines for non-compliance. Meta expresses disappointment but pledges transparency and compliance with privacy laws, highlighting the use of public content for AI training.
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10 Best APJ Abdul Kalam Books: Unlock the Secrets of Leadership and Innovation
APJ Abdul Kalam's books are renowned for motivating and inspiring readers from all walks of life. His works, such as "Wings of Fire" and "Ignited Minds," blend personal anecdotes with profound insights on leadership, education, and innovation. Kalam's writing reflects his remarkable journey from a humble background to becoming India's Missile Man and President, offering invaluable lessons on perseverance, vision, and the power of dreams. His books are imbued with a sense of optimism and a call to action, encouraging readers to aspire for excellence and contribute positively to society. Whether you're a student, professional, or simply seeking inspiration, APJ Abdul Kalam's books provide timeless wisdom and a roadmap to achieving greatness.
Indigenous Innovation: A blueprint for systematically achieving Viksit Bharat
India's digital economy is on track to reach $1 trillion by 2030 with a growth rate 2.8 times that of regular GDP. Leveraging the CHIPS framework and strategic partnerships, India aims to secure a prominent global position through sustainable practices, education initiatives, and robust data governance.
TRAI calls upon MIB to establish credible measurement system for TV, radio, OTT
The Telecom Regulatory Authority of India (TRAI) has recommended establishing a transparent audience measurement system for television, radio, and OTT services to the Ministry of Information and Broadcasting. It suggests revamping the existing system, expanding sample sizes, encouraging multiple rating agencies, and utilising advanced technologies. TRAI also proposes granting infrastructure status to the broadcasting sector to boost investment, streamlining processes, measuring broadcasting's impact on GDP, implementing a policy for the AVGC sector, and expanding TV reach through broadband infrastructure and subsidised schemes for underserved populations.
US as many as 15 years behind China on nuclear power, report says
China has 27 nuclear reactors under construction with average construction timelines of about seven years, far faster than other countries, said the study by Information Technology & Innovation Foundation, a Washington-based nonpartisan research institute.
Road contractors relieved from developing wayside amenities
The step is aimed at attracting global expertise for creating wayside amenities (WSAs) in the country with a stronger focus on design and product innovations to boost return on investment while scaling up the experience of highway users.
Highway tolls to use satellite-based technology soon; Here's how it works and other details?
India is set to introduce a new satellite-based toll collection system, a global first. Using GNSS and GPS, this system charges vehicles based on the distance traveled, eliminating toll plazas and improving the commuter experience. Unlike FASTag, it operates on the Global Navigation Satellite System, offering precise tracking. This innovation aims to modernize toll collection, potentially increasing revenue to Rs 1.40 trillion in the next few years. Despite challenges, such as infrastructure upgrades, this system signals a significant advancement in India's transportation sector.
Sebi recognised for innovative regulatory practices by The Asian Banker
Sebi has been given 'Best Conduct of Business Regulator' award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India. The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong.
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships. Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships.
Driving logistics forward: How Gurugram-based Varuna Group is maintaining a balance between innovation and sustainability
Varuna Group, established in 1996, is a logistics services provider leveraging advanced digital technologies like IoT, AI, data analytics, and WMS for efficient warehousing and distribution.
View: Overturn cultural practices and dogmas to spur our companies to spend on R&D
WhatsApp showcases tales of ancient glory, while global reports highlight India's rankings in hunger, press freedom, and sustainable development. India ranks 40th on the GII 2023, above all BRICS nations except China.
RBI Guv Shaktikanta Das launches PRAVAAH, Retail Direct mobile app and FinTech Repository
The Reserve Bank of India (RBI) has launched three major initiatives to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector. The PRAVAAH portal is a secure web-based platform for individuals and entities seeking authorizations, licenses, or approvals from the RBI. The RBI Retail Direct mobile application simplifies transactions for retail investors, and the FinTech Repository provides data on Indian fintech firms for better regulatory understanding and policy formulation.
Demand for skilled blue-collar workers from India goes up by 25 pc in UAE: Report
The report by Huntr is based on quantitative surveys with qualitative interviews with 1,00,000 blue workers enrolled on the platform from May 2023-April 2024 compared to the corresponding period of the previous year. It further stated that the UAE's thriving industries, such as technology, healthcare, construction, manufacturing, and logistics, are driving the demand for skilled Indian blue-collar workers.
Responsible Innovation, how a blueprint for collaborative action is advancing global healthcare
On the occasion of the Abu Dhabi Global Healthcare Week (ADGHW), Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Centre, discusses the UAE's prioritisation of healthcare in driving investments and partnerships focusing on advancing technology and attracting top talent and fostering collaboration with India reflecting shared challenges and opportunities in healthcare. Overall, collaboration with global partners and investment in manufacturing capabilities exemplify the UAE's commitment to healthcare excellence and innovation, while initiatives like Malaffi enhance data-driven services. Read on to discover how ADGHW aims to faciliate responsible innovation in healthcare, even as the UAE emphasises patient rights protection in an era of advancing AI and data usage.
A beacon of innovation: How Unilever’s Dubai factory became a global ‘Lighthouse’ in manufacturing
Unilever’s Dubai Personal Care Factory (DPC) is in many ways setting the standard in technological innovation and sustainability, positioning itself as a pioneer in shaping the future of manufacturing.
Empowering healthcare innovations: Dr. Noura Khamis Al Ghaithi on ADGHW's role in global healthcare collaboration
H.E. Dr. Noura Khamis Al Ghaithi discusses ADGHW as a platform for global healthcare collaboration, focusing on innovations and partnerships with Indian healthcare providers. The event aims to develop precision health initiatives, strengthen life sciences research, attract medical tourism, and support a growing startup ecosystem.
India to become AI use case capital of the world: Nandan Nilekani
Nandan Nilekani's People+ai introduces 'Adbhut India' and OCC project, emphasizing frugal AI innovation in India. The initiatives aim to leverage the country's population and digital infrastructure for impactful AI solutions, fostering healthy competition.
US to impose sanctions on Chinese banks for assisting Russia in Ukraine war
US State Secretary Antony Blinken, during a meeting with Chinese President Xi Jinping last month, urged Beijing to end military support for Moscow. Earlier in December, US President Joe Biden gave the Treasury Department authority to impose secondary sanctions against financial institutions in third countries that assisted Moscow in evading sanctions, as reported by Nikkei Asia.
Equipping leaders for the AI era: A CEO's toolkit
The critical juncture when AI is taking over the world slowly, a proactive approach and good understanding of Generative AI is required from leadership -- CEOs & CIOs.
Don't be fooled: The threat of AI-washing to Indian consumers
India's consumer market battles AI-washing as stakeholders collaborate for a transparent ecosystem. Responsible AI development and informed consumerism are crucial for a thriving marketplace. Transparency and trust are essential for a successful future.
Axis Mutual Fund changes fundamental attributes of Axis Special Situations Fund. What should you do?
Axis Mutual Fund has changed the fundamental attribute of Axis Special Situations Fund. The scheme will now be called the Axis Innovation Fund. According to the fund house, the change has been done to reflect the nuanced focus of the fund in a better way.
Unveiling the essence of leadership: Insights from premier Institutions
Leadership is pivotal for organizational success, emphasizing vision, education, innovation, and resilience. Effective leaders inspire teams towards shared goals, foster collaboration, and drive impactful change initiatives with strategic acumen and agility.
Centre studying innovative ways to boost infrastructure funding
Government plans to capture land value increase from road projects through mechanisms like auctioning exits and betterment levy to boost infrastructure funding. Studying global best practices for innovative financing methods.
Multilateral Development Banks reform: Taking stock & looking ahead
IMF/World Bank Spring Meetings in DC focus on reforming MDBs to address 21st-century challenges. G20 crucial in pushing for comprehensive reforms. MDBs exploring innovative financing and local currency funding to enhance global development financing.
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