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Showing posts from May, 2024

Mantrika Ratna Award for Magician and Hypnotist Ashok Muthusamy

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Magician & Hypnotist Ashok Muthusamy has been selected for the 2024 Mantrika Ratna Award by the Chennai based Indian Magic Academy. The award, which consists of a specially designed sculpture, citation and gold medal, is given for his contributions in the field of magic for the past many years. In a function to be held in Chennai on 8th September 2024, Tamil Nadu Devaswom Minister Shri P. K. Shekhar Babu will be presenting the award. R. K. Malayat was the Jury Chairman of the Committee which selected the award winners.

Indian AI Startup Jivi Emerges as World’s Number 1, Beating OpenAI and Google

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INDIA, May 31, 2024: A purpose-built medical Large Language Model(LLM) developed by Jivi, an Indian healthcare AI startup co-founded by former BharatPe Chief Product Officer Ankur Jain and GV Sanjay Reddy, Chairman, Reddy Ventures, has ranked number 1 on the Open Medical LLM Leader board . Jivi’s LLM, JiviMedX, has beaten established LLMs, including Open AI’s GPT-4 and Google’s Med-PaLM 2 with an average score of 91.65 across the leaderboard’s nine benchmark categories.   Hosted by leading AI platform Hugging Face, the University of Edinburgh, and Open Life Science AI, the leaderboard ranks medical-specific LLMs based on their performance in answering medical questions from exams and research. The evaluation covers medical exams such as Indian medical entrance exams (AIIMS and NEET), US Medical License Exams (USMLE), and detailed assessments in clinical knowledge, medical genetics, and professional medicine, among others.   "Jivi is revolutionizing primary healthcare through

Nexzu Mobility Honors IPL 2024's Dark Horse: Tushar Deshpande Steals the Spotlight!

Nexzu Mobility, an innovative urban transportation solution provider, celebrates and recognizes remarkable performances of Tushar Deshpande, throughout the 2024 IPL season. Nexzu has presented the budding cricketer with stylish Rompus+ electric bicycles as an expression of appreciation for their outstanding performances for the teams and supporters.   Mr. Chintamani Sardesai, Business Head Nexzu Mobility said; “We all at Nexzu are delighted to see what Tushar has accomplished during this IPL season. He is definitely the dark horse of the season and may be the future of Indian cricket. Offering him with our Rompus+ Electric Cycle is our way of appreciating their dedication, hard work, and the inspiration he provides to cricket enthusiasts everywhere. Furthermore, Tushar has a personality that aligns with our brand values of dependability, delivering in trying circumstances, and fostering trust among customers.”   Rompus+ is the sportier offering sporting from the Nexzu Stable. It co

Apollo hospitals performs world-first Renal denervation therapy with Simplicity Spyral for a hypertensive patient with Ectopic kidney

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Chennai, 30 May 2024: Apollo Hospitals Chennai has achieved a remarkable world-first by successfully performing the Simplicity Spyral renal denervation (RDN) therapy on a patient with an ectopic kidney. Dr. Refai Showkathali and his team carried out this pioneering procedure to treat resistant hypertension in a 58-year-old man with uncontrolled blood pressure despite being on a maximum medical regimen. Hypertension, or high blood pressure, is a prevalent condition affecting nearly one-third of individuals over 40 years old. Controlling blood pressure is crucial, as even a modest 5mmHg reduction can decrease the risk of stroke by 34%, ischemic heart disease by 21%, and mortality by 13%. The 58-year-old patient had an ectopic left kidney located in the right iliac fossa, supplied by two separate renal arteries – an extremely rare anatomical variation. The innovative RDN therapy involved radiofrequency ablation of both renal arteries, leading to a remarkable reduction in the patient&

Dassault Systèmes’ 3DEXPERIENCE Platform Boosts Drone Innovation at Dhaksha Unmanned Systems

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Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today announced that Dhaksha Unmanned Systems (Dhaksha), a leading Indian innovator in unmanned aerial systems (UAS) technology, has adopted Dassault Systèmes’ 3DEXPERIENCE platform to accelerate the development of next-generation autonomous and semi-autonomous drones. Dhaksha is leveraging the 3DEXPERIENCE platform, including its SIMULIA software applications, to design and develop a comprehensive range of UAS solutions for agriculture, defense, surveillance, and delivery applications. The platform fosters collaboration through efficient design workflows, revision management, and real-time access to the latest design data. Dhaksha is harnessing the combined capabilities of modeling and simulation through the deployment of the 3DEXPERIENCE platform. The integration of modeling and simulation is a powerful tool that can significantly reduce the time and cost associated with physical prototyping. It allows engineers to experience

First DPL - Diplomat Cricket Tournament for Embassy, Consulate & High Commission Staff by ICWO

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ICWO- Indian Community Welfare Organisation a non-governmental, non profitable social work organization working for the various issues and developmental projects in special focus on women and children development in Tamil Nadu for the past 30 years. To create high level of Awareness. We have planned to organize a Diplomat Cricket Tournament for Embassy, Consulate & High Commission Staff to STOP child marriage, child abuse, child trafficking & child labour in Tamilnadu on 8th, 9th & 10th August 2024. Today 28-05-2024 ICWO – Indian Community Welfare Organisation announced Ambassador, Chair Person and Honorary Advisor for First DPL - Diplomat Cricket Tournament for Embassy, Consulate & High Commission Staff. The Ambassador his Excellency Mr.Saravana Kumar Kumaravasagam, Consulate General, Consulate of Malaysia, Chair Person to Mr.M.Raj Kumar, Chair Person, CHILD WELFARE COMMITTEE & Honorary Advisor  to Dr.P.M.Nair, IPS (Retd. DGP), International Expert, Human Trafficki

Amazon Empowers 20,000 Women and Breaks the Silence Around Menstruation in India with Innovative Community Programs

Amazon today highlighted the substantial impact of its community engagement programs in India, focusing on women's empowerment, menstrual hygiene awareness, and the creation of a sustainable sanitary product manufacturing ecosystem.   "At Amazon, we are driven by a core principle – to create a lasting positive impact on the communities we serve," said Manisha Patil, Lead - Community Engagement, Amazon India. "Our initiatives in India are designed to address the deeply ingrained stigma around menstruation, promote the accessibility of affordable hygiene products, and empower women through sustainable economic opportunities."   Breaking Barriers: Empowering Women Through Menstrual Hygiene Awareness Menstruation, a natural biological process, remains shrouded in secrecy and shame in many parts of India. Amazon's Gram Mitr and Pragati Mitr programs, launched in 2021, are tackling this head-on. These local community ambassadors, trusted voices within thei

HCLTech Grant India 10th edition launched; NGOs invited to apply

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Chennai: HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, has launched the 10th edition of HCLTech Grant India to provide a platform for NGOs to unleash their potential and create sustainable change in communities.   The 10th edition of HCLTech Grant India provides funding of ₹16.5 Crore (~$2.2 million) to nine NGOs, selected by an esteemed jury. The grant will be provided to pioneering projects in sustainable rural development across the themes of environment, health and education. The last date for submitting applications on hclfoundation.org/hcltech-grant is June 25, 2024.    “HCLTech Grant signifies our commitment to supporting grassroots organizations and empowering them to make a real difference in the lives of people across India. We look forward to reviewing the innovative projects by NGOs across India and supporting impactful initiatives through HCLTech Grant,” said Nidhi Pundhir, Vice President, Global

FIRST DIPLOMAT CRICKET TOURNAMENT IN CHENNAI CITY

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FIRST DIPLOMAT CRICKET TOURNAMENT for Embassy, Consulate & High Commission Staff will soon be held in Chennai City.  The Tournament aims to create AWARENESS TO STOP Child Abuse, Child Trafficking, Child Marriage and Child Labour in Tamilnadu will be held on   8th, 9th & 10th August 2024 at Soka Ikeda College of Arts and Science for Women Sethu Bhaskara Nagar, Madhanangkuppam, Kolathur, Chennai - 600099. The tournament is Oorganised by:ICWO - Indian Community Welfare Organisation. Please Contact for more Details & Advertisement A.J.Hariharan : 98401 88821, 86101 55727, V.Vijaya Kumar: 98403 47890 S.Praveena Solomon: 98415 19982.

Amazon announces the fourth season of Propel – a global business accelerator for startups

Amazon India announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space. This one of its kind program has been designed to provide dedicated support to emerging Indian brands and startups reach customers around the world using ecommerce exports. The Propel S4 will support up to 50 startups launch in international markets and create global brands from India. Participating startups stand to win total rewards worth over $1.5 million including AWS Activate credits, six months of free logistics and account management support, as well as a combined $100K in grant from Amazon for the top 3 winners. Amazon will also help participating startups connect with Indian Revenue-based-financing firms namely Klub, Velocity and GetVantage who will provide curated offers to the participating startups to expand their business at scale.    The applications for the program opens today and will close on June 9, 2024 .   It will culminate

Kavitha Subramanian, Co-founder of Upstox, discusses reasons why investing in Gold is an Eternal Investment Choice

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In India, the investment landscape is witnessing an upward trend. We are gradually transforming from a saver’s economy to an investor’s economy. A wide array of investment options (Stocks, Mutual Funds, IPOs, Gold and Fixed Income products); coupled with access to the right educational resources have helped investors broaden their portfolio and invest right.   However, even with so many investing tools, gold is one of the oldest and most preferred investment choices for Indians, with a strong cultural history. Gold has seen a strong rally in the last few years, rising ~25% in calendar year 2023 and ~12% in 2024 (in INR terms). This explains the sudden rise in interest in gold as an investment option. There are several reasons why investing in gold is and will always be, a good option:   ●        Can be used as a hedge against inflation : As inflation rises, the purchasing power of currency declines. Throughout history, most major currencies have depreciated compared to gold over th

Growth in profitability was primarily driven by exceptional performance

  HIGHLIGHTS OF FINANCIAL PERFORMANCE (Q4 and FY24)   Q4 FY24 Financial Summary The company reported consolidated revenues from operations of Rs. 2,134 crore in Q4 FY24 as compared to Rs. 2,095 crore in Q4 FY23 Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs. 164 crore in Q4 FY24 as compared to Rs. 76 crore in Q4 FY23 Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 83 crore in Q4 FY24 as compared to Rs. 2 crore in Q4 FY23   FY24 Financial Summary FY24 consolidated revenues from operations increased to Rs. 9,561 crore from Rs. 9,374 crore in FY23 Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs. 757 crore in FY24 as compared to Rs. 564 crore in FY23 Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 434 crore in FY24 as compared to Rs. 280 crore in FY23  

Indian Bank Financial Results for the Quarter/Year ended as on 31st March 2024

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    Indian Bank, held a press conference for the announcement of the Q4 FY24 results on Monday, 06th May 2024 at Media Room, Indian Bank, Corporate Office, 254-260, Avvai Shanmugam Salai, Chennai.   Key Highlights (Quarter ended Mar’24 over Mar’23)   Bank’s Global Business reached ₹12.22 lakh Cr, up by 12% YoY            ·             Net Profit up by 55% YoY at ₹2247 Cr in Mar’24 from ₹1447 Cr in Mar’23            ·             Profit Before Taxes up by 111% YoY at ₹3057 Cr in Mar’24 from ₹1452 Cr in Mar’23            ·             Operating Profit improved by 7% YoY to ₹4305 Cr in Mar’24 from ₹4016 Cr in Mar’23            ·             Net Interest Income increased by 9% YoY to ₹6015 Cr in Mar’24 from ₹5508 Cr in Mar’23            ·             Fee based income grew by 6% YoY to ₹970 Cr in Mar’24 from ₹914 Cr in Mar’23              ·             Return on Assets (RoA) up by 33 bps to 1.15% in Mar’24 from 0.82% in Mar’23            ·             Ret