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Business Economy


IIT Madras initiates alliance to make Chennai 'Digital Wellbing Capital'

Chennai, July 4(UNI) Indian Institute of Technology (IIT) Madras has initiated an alliance called 'Digital Wellbeing Alliance' to deploy digital technologies with the objective of making Chennai the 'Digital Wellbeing Capital' of the World.
An official release here on Wednesday said that the Institute will use its expertise in Blockchain, Artificial Intelligence/Machine Learning, IoT and Motion Capture Technology to work for the well being of the community, specifically the young workforce and weaker sections of the Society.
The Alliance was inaugurated on Wednesday at IIT Madras by Dr. Ram D. Sriram, a renowned AI and healthcare expert and is currently the Chief of the Software and Systems Division, Information Technology Laboratory, at the National Institute of Standards and Technology (NIST), US federal government.
Speaking about the importance of this workshop, Prof M. Manivannan, Biomedical Engineering Group,
Department of Applied Mechanics, IIT Madras, who organized this alliance, said, “There are many issues that only an alliance can solve. We will brainstorm to identify those issues in this workshop. This Alliance is spearheaded by several passionate people, apart from me, including Prof. D. Janakiram of IIT Madras, Mr. Sridharan Sivan of S10 Health Solutions, Ms. Sharmila Devadas of MedioTek Health Systems, Mr. Subbarao of Chola MS Risk, emphasizing alliance of people rather than individuals.”
The stakeholders of this Alliance would be Academic Institutions such as all the IITs, Health technology companies, medical device makers, digital health players, medical institutions, corporate firms, Government bodies such as NITI Aayog and Certifying/Regulating Agencies. The ‘Global Alliance’ is an initiative of
IIT Madras along with Industrial partners, hospitals, and global thought leaders.
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MoU between NITI Aayog, Ladakh for development of infrastructure projects

MoU between NITI Aayog, Ladakh for development of infrastructure projects

17 Jan 2020 | 10:13 PM

New Delhi, Jan 17 (UNI) In an important initiative to promote the development of key infrastructure sectors in the newly constituted Union Territory of Ladakh, NITI Aayog and Ladakh entered into a memorandum of understanding (MoU) on Friday.
Under this MoU, NITI Aayog will be supporting the UT’s administration through its key initiative ‘Development Support Services to States for Infrastructure Projects (D3S-i)’.

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Union IT Minister to inaugurate Centre of Excellence in Blockchain Technology in Bengaluru on Saturday

17 Jan 2020 | 9:08 PM

New Delhi, Jan 17 (UNI) To provide Blockchain as a service and allowing all stakeholders to benefit from shared learning, the National Informatics Centre (NIC) has set up the Centre of Excellence (CoE) for the same in Bengaluru that will be inaugurated on Saturday by Union Minister Communications and Electronics & Information Technology Ravi Shankar Prasad, an official release said here.

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Arcesium announces strategic investment from JP Morgan

17 Jan 2020 | 8:50 PM

Hyderabad, Jan 17 (UNI) Arcesium, an investment management technology and professional services firm, on Friday announced that J P Morgan has invested in the company.

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Bullion Market Closing Rates

17 Jan 2020 | 8:47 PM

Chennai, Jan 17(UNI) Following is the bullion markets
closing rate here today.

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Paytm to increase merchant base in India, says VP

Paytm to increase merchant base in India, says VP

17 Jan 2020 | 7:49 PM

Ahmedabad, Jan 17 (UNI) India's largest payments platform Paytm on Friday said that by the end of the current financial year, its merchant base in the country is likely to almost double to reach 25 million.

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