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IIT Jodhpur and DRDO Inaugurate DIA-CoE for Cutting-edge Research Technology

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Indian Institute of Technology Jodhpur (IIT Jodhpur) in collaboration with Defence Research and Development Organisation inaugurated the DRDO-Industry-Academia Center of Excellence (DIA-CoE) today, 19th April 2024. The DIA-CoE is poised to revolutionize interdisciplinary research and foster the next generation of innovators in defense technology through collaboration between academia, industry, and DRDO research labs. The inauguration ceremony witnessed the esteemed presence of Dr. Samir V. Kamat, Secretary, Department of Defence R&D and Chairman, DRDO, alongside Prof. Santanu Chaudhury, Director, IIT Jodhpur, Dr. Subrata Rakshit, Director General (TM) DRDO Hq., and Prof. Samanwita Pal, Dean R&D, IIT Jodhpur. The Center of Excellence will spearhead directed research in identified verticals, including Desert Warfare Technologies, Futuristic Omni Mobility Systems, and Artificial Intelligence for Information and Wargaming Technologies. Furthermore, it will undertake science and technology initiatives as identified by DRDO, heralding a new era of innovation and collaboration.   In his address, Dr. Samir V. Kamat expressed his optimism about the collaborative venture, stating, “This day marks a very important milestone in the journey of DIA-CoE.  We aim to utilize DIA-CoE as means for building an ecosystem comprising DRDO labs, academia, and industry. It is our wish that in the years to come, these Centers of Excellence will be like the hubs in the United States where MIT Caltech, Stanford played a big role in making the US a superpower in technology. We hope that these centers will provide us with the same impetus to build a nation that leads in technology, fulfilling the wish of our Prime Minister.” Under the first phase of collaboration, IIT Jodhpur and DRDO will embark on a diverse range of innovations, encompassing projects such as Multi-agent Amphibious Quadcopter System, Bioinspired Flapping Wing Model, AIOT Based Water Monitoring Technologies, Smart Apparel for Desert Warfare, and more. Additionally, future projects in the pipeline will delve into critical areas such as Cold Plasma-based technologies, Hydrogen-based power generation systems, and Energy Harvesting for defence applications, among others.   Prof. Santanu Chaudhury, Director, IIT Jodhpur, emphasized the significance of this collaboration, stating, “Centers like these should really evolve into hubs of R&D, addressing the defence capability needs of our country. Research is profoundly fundamental to have new technologies invented. However, it must not end with invention alone; the entire journey towards innovation, product development, and implementation is equally imperative. This holistic approach is exceptionally critical, underscoring the unique role of this center. It transcends mere academic research, delving into real-world problems that demand solutions, yet it does not stop there—it progresses towards transformation. This comprehensive ecosystem marks a significant step, one that academia must wholeheartedly appreciate and take it forward.” The establishment of the DIA-CoE at IIT Jodhpur, initiated through a Memorandum of Understanding (MoU) signed on 6th October 2022, underscores a concerted effort to pursue directed basic and applied research in identified verticals, with the overarching goal of developing futuristic technologies and products to meet defence requirements. Shri Ravindra Kumar, Former Director of Defence Laboratory Jodhpur, currently serves as the Director of the center, overseeing its strategic initiatives and collaborative endeavors. DRDO will finance all research projects undertaken by the Centre, facilitating interaction between IIT Jodhpur faculty and different DRDO laboratories to identify areas of research and coordinate their execution. IIT Jodhpur’s expertise in multiple domains directly connected with strategic and warfare areas, such as Technologies for desert operations, Artificial Intelligence, Augmented Reality, Virtual Reality, Mobility, and Robotics, positions it as a fitting choice for DRDO to establish the CoE. The DIA-CoE at IIT Jodhpur embodies a symbiotic partnership between academia, industry, and the defence establishment, aimed at harnessing collective expertise and resources to tackle complex challenges in defence technology. By leveraging talent and state-of-the-art infrastructure, the Center endeavors to emerge as a global leader in identified areas of research.

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Max Healthcare’s Ambitious Expansion Plans in Uttar Pradesh

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Blog on health

Max Healthcare Institute Ltd (MHIL), a prominent private hospital chain based in Delhi, has recently unveiled its ambitious plans to invest a staggering ₹2,500 crore in developing hospitals in Lucknow and bolstering its presence in Uttar Pradesh (UP). This strategic move underscores the company’s commitment to providing top-notch healthcare services and contributing to the state’s economic growth. The announcement, made by Abhay Soi, Chairman and Managing Director of Max Healthcare, highlights the company’s vision to actively participate in UP’s journey towards achieving a $1 trillion economy by 2027. With a keen focus on expansion and innovation, MHIL aims to play a pivotal role in the state’s healthcare landscape. A significant portion of the investment will be allocated towards the development of a new 500-bed hospital and the expansion of the recently-acquired Max Super Specialty Hospital in Lucknow. This expansion initiative is a testament to MHIL’s dedication to meeting the growing healthcare needs of the region and catering to a larger patient base. The acquisition of the 550-bed Sahara Hospital, now rebranded as Max Super Specialty Hospital, has significantly bolstered MHIL’s presence in UP. With approximately 700 beds in its arsenal post-acquisition, the company is poised to emerge as a key player in the state’s healthcare sector. Furthermore, MHIL’s investment plan includes doubling its overall capacity across its network of hospitals by adding a whopping 4,200 beds over the next four to five years. This ambitious endeavor underscores the company’s commitment to expanding access to quality healthcare services and addressing the escalating demand for medical facilities. In addition to creating a substantial number of employment opportunities, MHIL’s investments are set to usher in cutting-edge medical technologies and advancements. From robotics to radiation therapy in oncology, the company aims to introduce state-of-the-art medical equipment and procedures, ensuring that patients receive the highest standard of care. Max Healthcare’s expansion in UP is not merely about infrastructure development; it is also about enhancing medical education and research. The company’s investment will provide a significant boost to nursing education and facilitate the adoption of advanced medical practices. With these strategic investments, Max Healthcare is poised to become the largest private healthcare provider in Uttar Pradesh, with over 2,000 beds serving approximately 1.5 million people. The upgraded facilities, including the introduction of the Max Institute of Cancer Care and the expansion of organ transplantation programs, underscore the company’s commitment to delivering comprehensive and specialized healthcare services. Moreover, the planned enhancements to the Lucknow facility, such as the introduction of world-class robotic surgical systems and the strengthening of tertiary and quaternary care services, signal MHIL’s dedication to elevating healthcare standards in the region. In conclusion, Max Healthcare’s ambitious expansion plans in Uttar Pradesh represent a significant milestone in the company’s journey towards redefining healthcare delivery in the state. With a strong emphasis on innovation, accessibility, and quality, MHIL is poised to make a lasting impact on the healthcare landscape of Uttar Pradesh, setting new benchmarks for excellence in the industry.

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Sony Pictures Entertainment and Apollo Global Discuss Possible Joint Bid for Paramount Global

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Sony Pictures Entertainment and Apollo Global Management are in discussions regarding a potential joint bid for Paramount Global, according to reports from the New York Times and sources familiar with the matter. While the conversations are ongoing, several challenges must be addressed before a formal offer can be made. Apollo Global Management had previously considered solo bids for Paramount Global, including a $26 billion offer and an $11 billion offer for the Paramount Pictures film studio. However, Paramount Global is currently engaged in exclusive negotiations with Skydance Media, exploring a merger that would integrate Paramount into Skydance under the leadership of Skydance CEO David Ellison. Paramount Global has established a special committee to evaluate offers and options, expressing reservations about Apollo’s bids due to concerns about regulatory approval and the potential impact of a financial buyer on the company’s assets. The proposed joint bid between Sony and Apollo entails Sony Corp. contributing Sony Pictures Entertainment to the joint venture, with both parties providing cash to facilitate the transaction. Sony would emerge as the majority owner of the combined entity, which would also include CBS. However, structuring the deal would require careful consideration, particularly regarding FCC regulations concerning foreign ownership of broadcast TV stations, given CBS’s ownership of 28 TV stations. While a representative for Apollo has yet to comment on the discussions, a Sony spokesman declined to provide further details. If successful, the partnership between Sony and Apollo would mark a significant shift for Sony Corp., which has maintained a Hollywood presence for over three decades. This potential move comes amid ongoing speculation about Sony’s commitment to its Hollywood investment. Meanwhile, the Skydance scenario involves keeping Paramount Global as a publicly traded entity, with Skydance and RedBird Capital Partners injecting capital to alleviate its substantial debt burden. The transaction would also usher in a change in leadership, with David Ellison assuming the role of CEO. However, concerns have been raised by some shareholders regarding the potential enrichment of controlling shareholder Shari Redstone in the Skydance deal. Skydance and RedBird are reportedly planning a roadshow to garner support from common shareholders, although the addition of Sony to the negotiations may complicate matters.

Sony Pictures Entertainment and Apollo Global Discuss Possible Joint Bid for Paramount Global Read More »

UP Education Department Introduces Question Banks for 25 Lakh Students in Classes 9 and 10

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News on Education

In a groundbreaking initiative, the Uttar Pradesh Basic Education Department has developed question banks tailored for over 25 lakh students enrolled in grades 9 and 10 across more than 27,000 schools affiliated with the UP Board. These question banks are strategically designed to bolster students’ preparation for competitive examinations such as those for engineering and medical entrances. Collaborating with esteemed institutions including the National Council of Educational Research and Training (NCERT) in New Delhi, the State Institute of Science Education (SISE), and subject matter experts from select universities, colleges, and secondary schools, the UP education department has curated comprehensive question banks for science and mathematics subjects. Under the guidance of Vijay Kiran Anand, former State Project Director of Samagra Shiksha Abhiyan, the responsibility of developing these question banks was entrusted to the State Science Education Institute in Prayagraj. The science question bank for classes 9 and 10 encompasses 12 and 13 chapters respectively, with each chapter featuring approximately 70 questions spanning multiple formats including multiple choice, very short, short, and long-answer questions. Similarly, the mathematics question bank for the same classes comprises 12 and 14 chapters respectively, with a total of approximately 912 and 1,064 questions. Additionally, sample questions are provided to generate interest and facilitate effective practice. The questions in these banks are meticulously crafted to reinforce fundamental scientific and mathematical concepts among students, enabling them to grasp and apply these concepts with confidence. These question banks, developed based on the NCERT syllabus, have been forwarded by SISE-Prayagraj to the State Council of Educational Research and Training (SCERT) in Lucknow. They are anticipated to be made available to students shortly. Traditionally, only question banks prepared and published by private publishers have been accessible in the market. The introduction of these official question banks by the UP education department signifies a significant step towards providing students with structured and reliable resources to enhance their exam preparation and academic performance. By offering ample practice opportunities aligned with teaching-learning objectives, these question banks aim to empower students to excel in their examinations. They are poised to serve as invaluable tools in clarifying concepts, strengthening subject comprehension, and fostering academic success among students.

UP Education Department Introduces Question Banks for 25 Lakh Students in Classes 9 and 10 Read More »

J&K Government Provides Rs 5 Lakh Compensation to Families of Boat Tragedy Victims

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The Jammu and Kashmir government has taken swift action in response to the recent boat tragedy, providing a compensation relief of ₹5 lakh to the families of each victim. Divisional Commissioner, Kashmir, V K Bhiduri, and Deputy Commissioner, Srinagar, Bilal Mohiuddin visited Gandbal to meet with the families affected by the incident. According to an official spokesman, the officials expressed their condolences to the families who lost their loved ones in the tragic incident. They handed over a compensation of ₹5 lakh to the next of kin of each victim to support them during this difficult time. The tragic incident occurred when a boat capsized in the Jhelum river, resulting in the loss of six lives, while three individuals remain missing. Fortunately, ten people were rescued from the water. The swift response from the government highlights its commitment to supporting the affected families and providing timely assistance in times of crisis.

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Max Health Shares Dip 4% as NSE Refuses Fine Waiver for Flouting Board Norms

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Max Healthcare Institute Ltd faced a setback in its stock value as shares dipped by 4.4% to Rs 782 per share in Thursday’s intraday trading. This decline followed the National Stock Exchange’s decision not to waive off a fine amounting to Rs 2,36,000 imposed on the hospital chain. The refusal by NSE to grant the waiver came after Max Healthcare’s request for leniency regarding a fine imposed last year in November. The fine was levied for non-compliance with the board composition requirements outlined under regulation 17(1) of the SEBI Regulations, 2015. Despite this setback, Max Healthcare is continuing its growth trajectory with a significant investment plan. The company is gearing up to invest Rs 2500 crore in developing hospitals in Lucknow, with a particular focus on expanding its footprint in Uttar Pradesh. Max Healthcare had earlier acquired the 550-bed Sahara Hospital in Lucknow for Rs 940 crore, a move aimed at solidifying its position as a key player in the private healthcare sector in the state. The investment plan includes doubling the group’s capacity by adding 4,200 beds over the next four to five years, representing an investment of over Rs 5,000 crore. This expansion initiative aligns with Max Healthcare’s vision to enhance its presence and service offerings in the region. The acquisition of Sahara Hospital, now renamed Max Super Specialty Hospital, marks the beginning of Max Healthcare’s strategic expansion plans. The hospital, situated in Gomti Nagar, Lucknow, boasts 285 operational beds and occupies a 27-acre land area. Despite the recent stock price dip, Max Healthcare remains a significant player in the healthcare sector, managing 17 hospitals with over 3,500 beds and employing more than 4,800 clinicians across various locations including the Delhi National Capital Region, Mohali, Bathinda, Dehradun, and Mumbai. At 11:48 AM, Max Healthcare was trading 3.40% lower at Rs 790.20 per share. The stock has shown resilience over the past month, gaining 8.12%, and has demonstrated strong growth, rallying 36.66% over the last six months. Currently, it trades at a price-to-earnings multiple of 138.88.  

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Anand Kumar to Launch Online Educational Platform for Underprivileged Students

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Super 30 founder and mathematician Anand Kumar has announced plans to launch a new online educational platform aimed at providing access to quality education for economically disadvantaged students in India. Speaking at the 2024 Kellogg India Business Conference on the theme “Reimagining India: Shaping the Global Economic Landscape,” organized by the Kellogg School of Management, Northwestern University, Kumar emphasized the need to leverage technology to reach more students. Kumar highlighted the transformative impact of Super 30 in empowering underprivileged students to change their lives through education. He expressed his vision to expand on this initiative by launching an online educational platform, aiming to extend the benefits of education to the doorsteps of economically disadvantaged students. Reflecting on the lessons learned from the COVID-19 pandemic, Kumar stressed the importance of adapting to adversity and utilizing technology to engage with students, even in challenging circumstances. He emphasized the untapped potential of talented individuals from impoverished backgrounds and underscored the importance of providing them with opportunities to excel. Kumar reiterated his commitment to ensuring that every underprivileged student has access to quality education, regardless of their socioeconomic background. Kumar emphasized the societal responsibility to utilize technology for the greater good, ensuring that educational opportunities reach those who need them the most. He urged for collective efforts to expand the talent pool and contribute to the prosperity of society and the betterment of humanity. In conclusion, Kumar shared a message of perseverance and determination, encouraging individuals to pursue their goals with dedication and hard work, emphasizing that success is achievable with persistence and effort.  

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ZEE Entertainment Withdraws Merger Application with Sony Pictures Networks

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ZEE Entertainment Enterprises Ltd. (ZEE) has opted to retract its merger application submitted to the National Company Law Tribunal (NCLT) in Mumbai, which sought the execution of its proposed merger with Sony Pictures Networks, now known as Culver Max. The merger agreement between Sony and Zee was initially disclosed on December 22, 2021. However, Sony Pictures later rescinded the merger proposal. Subsequently, Sony approached the Singapore International Arbitration Centre (SIAC) on February 4, seeking directives to prevent Zee from pursuing legal remedies in alternate legal forums, including the NCLT. Following SIAC’s dismissal of Sony’s request for urgent relief, Mad Men Film Ventures, a Zee shareholder, approached the NCLT urgently, seeking an order to ensure that any rulings issued by other forums concerning the Zee-Sony merger would be subject to the NCLT’s directives. In response, Zee approached NCLT Mumbai, seeking enforcement of the $10 billion merger scheme, previously sanctioned by the tribunal in August 2023, despite opposition from creditors such as Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp, and IDBI Trusteeship. However, ZEE has now chosen to withdraw its application. In a disclosure to the Bombay Stock Exchange, the company elucidated its decision to retract the application filed on January 24 of this year. “This decision will also enable the Company to pursue growth and evaluate strategic opportunities to generate higher value for all shareholders….This decision to withdraw the implementation application will enable the Company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Centre (SIAC) and in other forums,” the filing stated.  

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Ajman Crown Prince Orders Remote Work for Government Employees Due to Weather Fluctuations

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Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, has instructed that Tuesday, April 16, 2024, will be designated as a remote working day for employees of the Ajman government. This decision comes in response to weather fluctuations affecting the region. The directive encompasses employees across all government departments in the Emirate of Ajman, with exceptions made for roles that necessitate on-site attendance as determined by the respective authorities within each department. The move underscores the government’s commitment to ensuring the safety and well-being of its employees amid changing weather conditions. By enabling remote work, the Ajman government aims to mitigate potential disruptions while maintaining operational continuity. This proactive measure reflects the leadership’s responsiveness to evolving circumstances and its dedication to promoting a flexible work environment that prioritizes employee welfare.

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Government Advisory May Impact Sales of Health Food Drinks, Including Bournvita

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The recent advisory issued by the Centre to e-commerce platforms, directing them to remove the label of ‘health drinks’ from certain popular brands like Bournvita, could have a significant impact on the sales of health food drinks in India. Market experts suggest that this move might affect the broader category, which has already been experiencing a slowdown due to high input costs. The advisory, issued by the commerce and industry ministry’s department for promotion of industry and internal trade (DPIIT), highlighted the lack of standards and definition of ‘health drinks’ under India’s food laws. It follows a notice by the Food Safety and Standards Authority of India (FSSAI) earlier in April, urging e-commerce platforms to ensure appropriate categorization of products sold under the health and energy drinks category. While health food drinks in India have been marketed primarily as malt-based milk drinks offering some nutritional benefits, companies use various tags to promote their products. However, the term ‘health drink’ lacks a standardized definition under the FSSAI rules or regulations. Market experts anticipate that this advisory could lead to a temporary slowdown in the stocking of such brands, particularly in tier-I markets. However, companies may focus on expanding their presence in tier-II and rural markets to mitigate the impact. Analysts believe that while the advisory might affect sales in the short term, consumers generally purchase these products based on their preferred brands rather than the category label. Additionally, sales volumes in this category have already been sluggish due to price hikes. Overall, the move aims to address concerns related to high sugar content and misleading health claims, particularly those targeting children. It underscores the need for regulatory measures to ensure consumer safety and transparency in product labeling and marketing. Despite the potential impact on sales, companies are yet to respond to queries regarding the advisory, reflecting the evolving dynamics in the health food drinks market and the regulatory landscape.

Government Advisory May Impact Sales of Health Food Drinks, Including Bournvita Read More »