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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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CredRight aims to disburse loans of about INR 500 Million by March 2020

16 Jul 2019 | 8:45 PM

Hyderabad, Jul 16 (UNI) CredRight, one of the first FinTech start-ups focused on facilitating loans to chit fund subscribers, on Tuesday announced the launch of its branch network at Warangal and Karimnagar in Telangana.

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DP World offers bilateral trade, investment with India

16 Jul 2019 | 7:22 PM

Chandigarh, Jul 16 (UNI) The trade and investment flow between India and the United Arab Emirates (UAE) were poised to expand rapidly with the launch of a major initiative by DP World, UAE Region here on Tuesday.

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Alex new air traffic management ED of AAI

16 Jul 2019 | 6:30 PM

New Delhi, Jul 16 (UNI) The Airports Authority of India on Tuesday announced that J P Alex has taken over as Executive Director (Air Traffic Management) at its Corporate Headquarters.

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NTPC’s installed capacity touches 55,786 MW

16 Jul 2019 | 6:24 PM

New Delhi, Jul 16 (UNI) NTPC Ltd on Tuesday announced the commissioning of first unit of 660 MW of Nabinagar Super Thermal Power Project (3x660 MW) of Nabinagar Power Generating Company Limited.

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Rupee down by 17 paise against USD

Rupee down by 17 paise against USD

16 Jul 2019 | 6:17 PM

Mumbai, Jul 16 (UNI) The Rupee on Tuesday slipped by 17 paise to end negative at 68.

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