Business & Economy – Page 36

INTERNATIONAL: NATIONAL, AVIATION & AEROSPACE: Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines to Create JV to make Chopper Engines

Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines have signed an agreement to create a new joint venture to develop helicopter engines. Through an MoU signed by R Madhavan, Chairman & Managing Director, HAL, and Franck Saudo, Chief Executive Officer, Safran Helicopter Engines, in presence of Olivier Andries, CEO, Safran.

Both the partners will extend their partnership by establishing a new aero-engine company in India. It will be dedicated to the development, production, sales and support of helicopter engines and one of its main objectives will be to meet the requirements of HAL and Ministry of Defence’s future helicopters, including the 13-tonne Indian Multi-Role Helicopter.

Madhavan said: “We now look forward to utilize this opportunity to leverage HAL’s experience in manufacturing of more than 15 types of aircraft and helicopter engines to co-develop and manufacture engine with immediate focus on IMRH and its naval variant the Deck Based Multi Role Helicopter. This partnership will involve and utilize the Indian Defence manufacturing ecosystem within India”.

Saudo said the partnership with HAL recently illustrated the development and production of the Shakti engine, “and the inauguration of our joint venture Helicopter Engines MRO Pvt Limited (HE-MRO). With a fleet of over 1,000 engines, India’s Armed Forces are one of the largest operators of Safran-designed helicopter engines.”

HAL and Safran Helicopter Engines already have multiple partnerships, including the Shakti engine, which powers HAL-produced helicopters, including the Dhruv, Rudra and the Light Combat Helicopter. The Ardiden 1U variant also powers the new Light Utility Helicopter. Through HE-MRO joint venture in Goa, HAL and Safran Helicopter Engines will also provide Maintenance, Repair and Overhaul services for TM333 and Shakti engines in service with Armed Forces, and will be operational by 2023-

source/content: newindianexpress.com (headline edited)

NATIONAL: BUSINESS & ECONOMY / I.T: Orchids Network & Systems (OBSIPL) Wins Govt of India’s ‘ Top 100 Small & Medium Enterprises Award’

The Orchids Network & Systems (I) Pvt Limited (ONSIPL) has been awarded the Top 100 Small and Medium Enterprises (SME) of India by the Govt of India at an award ceremony organized by India SME Forum at Taj Palace, New Delhi on 13 April 2022.

The chief guest was Narayan Rane, Union Minister for MSME and the award was presented by Bhanu Pratap Singh Verma, minister of state for MSME. Orchids was shortlisted from among 42,268 applicants after undergoing a stringent evaluation process.

An Indian-based IT Infrastructure company envisioned by Mangalurean Sairam Shetty, he propelled it to its current success, contributing significantly to the highly vibrant and dynamic sector of Indian entrepreneurship thus winning an award for excellence today.

Founded in the year 1999 at Bengaluru as an IT Networking company, Orchids Networks went on to grow and diversify into various specializations such as servers and storage, open source software solution, HPC, AI, ML, DL, HPC & IoT Solutions in the IT sphere.

Today it claims that it has design, supply and integrate everything on infrastructure IP. Having over two decades of IT infrastructure expertise, Orchid’s dedicated expert team of in-house trained designers study and analyze each requirement from simple to complex and provide solutions which are most ideal and future proof as per industry best standards.

source/content: daijiworld.com (headline edited)

INTERNATIONAL : ARTS & CULTURE : Dr KC Samuel, Chairman of Hindustan Aviation Academy (HAA) Installed as the New International President of Y’s Men International (YMI), Aarhus, Denmark

Philanthropist and Hindustan Aviation Academy (HAA) chairman Dr KC Samuel has been appointed the International president of Y’s Men International (YMI).

The movement was founded in 1922 and Samuel will be taking charge for its centenary year.

“The name ‘Y’s Men’ has become synonymous due to selfless service and sacrificial giving, and has touched and lifted the lives of thousands people across the world for over a century by acknowledging it as our duty,” said Dr Samuel.

Dr Samuel has been with the Y’s Men movement for over 40 years. He has held almost all leadership positions in the movement and was bestowed with many awards for his meritorious performance, including Elmer Crowe Award and International President’s award for the best Area President in 2018-19. He is currently a member of Y’s Men Club of Bangalore.

source/content: newindianexpress.com (edited)

INTERNATIONAL, IN INDIA: KARNATAKA: HEALTH & MEDICAL SERVICES / SCIENCE & TECHNOLOGY: GE Healthcare launches its first ‘5G Innovation Lab’ in India and the First for GE across the Globe.

GE Healthcare on Thursday announced the launch of its 5G Innovation Lab in India, the first for the company across the globe.

With the advantage of massive bandwidth, high data speeds, low latency and highly reliable connectivity, 5G has the potential to disrupt the patient care continuum, transforming diagnosis, therapy, and prognosis, the company noted.

“The 5G Innovation Lab is designed to position GE Healthcare at the forefront of these groundbreaking advances in patient care, including potentially bringing cutting-edge technology to rural and suburban regions,” a company statement said.

Situated at the John F.Welch Technology Centre (JFWTC) Bengaluru, GE Healthcare’s largest R&D centre outside of the USA, the lab will serve as a testbed to develop future-ready products and solutions, turning a new corner in innovation, it said.

5G in Healthcare was valued at an estimated USD 215 million in 2021 and is projected to reach USD 3,667 million by 2026.

“India is an important market for us globally and it is indeed the right time to venture into 5G, which will open a realm of exciting opportunities, driving the next wave of growth in Healthcare,” said Jan Makela, President & CEO, Imaging at GE Healthcare.

The GE Healthcare 5G Innovation Lab will serve as a conduit for the interplay of exponential technologies like AI/ML, IoT, Big Data, Edge Computing and Cybersecurity, the statement added.

source/content: newindianexpress.com (headline edited)

NATIONAL RECORDS: Karnataka Bags the ‘Best Performer’ Award in Department for Promotion of Industry & Internal Trade (DPIIT) Start-up Ranking for 2021

Karnataka has bagged the “Best Performer” award in the DPIIT’s (Department for Promotion of Industry and Internal Trade) State/Union Territory Start-up ranking for the year 2021.

The DPIIT has considered the State as an institutional champion, an innovative leader, a procurement forerunner, a capacity-building pioneer and a funding leader, he said.

The DPIIT has Stated that Karnataka has taken several praise-worthy initiatives such as launching engineering research and development policy to attract sector-focused incentives, creating regulatory sandboxes for startups to avail exemption from State and municipal laws, and developing modernistic policies to support innovation in disruptive sectors.

Dr EV Ramana Reddy, Additional Chief Secretary, Dr Meena Nagaraj, Department of Electronics, IT/BT, and S & T have been rewarded as “Start-up Champions” of the State.

On behalf of the government, senior officials of the Department of Electronics, IT/BT, and S & T received the award at an event held in New Delhi.

Expressing his happiness at the State securing the award, Dr Narayan said the government will make all efforts to make further Karnataka as the most favoured destination for start-ups.

source/content: daijiworld.com (headline edited)

NATIONAL RECORDS: KARNATAKA RECORDS: ARTS, CULTURE & PAGEANTS: 21-year-old Sini Shetty Crowned ‘Femina Miss India World 2022’

Sini Shetty from Karnataka was on Sunday announced the winner of Femina Miss India World 2022 title at the grand finale of VLCC Femina Miss India here.

At the ceremony, hosted at the Jio World Convention Centre, Rajasthan’s Rubal Shekhawat emerged as Femina Miss India 2022 first runner-up and Shinata Chauhan from Uttar Pradesh was named Femina Miss India 2022 second runner-up.

Actors Neha Dhupia, Dino Morea and Malaika Arora, designers Rohit Gandhi and Rahul Khanna, choreographer Shiamak Davar and former cricketer Mithali Raj were part of the jury panel for the evening.

The pageant in its hybrid format had launched a nationwide hunt to find prospective talents from all corners of the country through virtual auditions. The extensive scouting drive and subsequent interview rounds culminated with the shortlisted selection of 31 state winners, a note from the organisers stated.

“These shortlisted finalists arrived in Mumbai and underwent rigorous training and grooming sessions, mentored by the best in the industry, to compete for the coveted Femina Miss India World 2022,” the note further read.

source/contents: thehindu.com (headline edited0

INTERNATIONAL RECORDS: MIDDLE EAST, UAE : ARTS, CULTURE & PAGEANTS: Karnataka’s Dechamma Poonacha Wins Mrs. Fitness Queen at Mrs. UAE International at the Radisson Red, Dubai

Dechamma Poonacha(Dechamma A.P) has won the Mrs Fitness Queen Title at Mrs UAE International by ‘Being Muskaan’, a leading UAE based brand launched by Meena Asrani, focused towards women empowerment.

The contest was held on June 26th at Radisson Red, Dubai Silicon Oasis and was open to all nationalities residing in UAE.

Mrs. Dechamma is currently a home maker. She is a former student of Rotary English Medium School Moodbidri and also was the student of the first batch.

She further continued her high school an PU education at Jain highschool and PU college Moodbidri.

She pursued her graduation at Sri Bhuvanendra College Karkala where she won Miss. Bhuvanendra in 1997 and Miss. Jaycee Kulyadi queen, Karlala in 1998.

She was born in Coorg but was raised in Moodbidri.

source/content: english.varthabharati.in (headline edited)

KARNATAKA RECORDS: HEALTH & MEDICAL SCIENCES: Human Milk Bank the “Amruta-SDM Rotary Human Milk Bank” comes up at SDM Hospital in Dharwad

Dharmasthala Dharmadhikari inaugurates Amruta to cater to the needy in North Karnataka

The twin cities of Hubballi-Dharwad have got their first human milk bank in the form of “Amruta-SDM Rotary Human Milk Bank” set up on the premises of SDM Hospital at Sattur in Dharwad.

On Wednesday, Dharmasthala Dharmadhikari D. Veerendra Heggade inaugurated the human milk bank that will cater to the needs of needy patients in the North Karnataka region.

Inaugurating the human milk bank, Veerendra Heggade said that mother’s breast milk is crucial for the proper growth of the child. “Giving breast milk to another woman’s child is not a phenomenon. Such a practice has been in existence for time immemorial. Suppose one mother in a family fell sick, another lactating mother will breast feed such a child. Now, with technological advancements, human milk banks are being established,” he said.

The human milk bank has been set up by SDM Hospital with assistance from Karnataka Vikas Grameena (KVG) Bank and Rotary Club of Seven Hills which have extended help under the Rotary Foundation of the Rotary International Global Grant (Ph: 2232708). Thanking them for the support, Veerendra Heggade felicitated Rotary District Governor Gaurish Dhond, President of Rotary Club of Seven Hills Pallavi Deshpande, Secretary Gauri Madalabhavi and Chairman of KVG Bank P. Gopi Krishna on the occasion.

The human milk bank has been set up on a space of 1,000 sq m and the plan is to extend and add further services in the coming days. In addition to children getting treated at the hospital, the service will be extended to children in need from other hospitals and places.

Vice-Chancellor of SDM University Niranjan Kumar, Principal of SDM College of Medical Sciences Ratnamala M. Desai, Director of Administration Saket Shetty, Vice-Principal Vijay Kulkarni and others were present.

source/content: thehindu.com (headline edited)

INDIA RECORDS: KARNATAKA: Bengaluru is Key Driver in GST Backend Operations Contributing to its Nationwide Operation Driven by NIC.

E-way bill and e-invoice is driven from the city by a small team from National Informatics Centre.

As the Goods and Services Tax (GST) regime is set to complete five years in a few days, Bengaluru has contributed to its nationwide operation. The backend operations for the crucial e-way bill, mandatory to move goods across the country, and the e-invoice that helps in input credit, is driven from the city by a small team from the National Informatics Centre (NIC).

In the four years since its inception, the country has seen over 273 crore e-way bills being generated to move goods and over 163 crore e-invoices having been generated. While the transition from the Value Added Tax (VAT) regime to GST regime took place on July 1, 2017, the e-way bill was introduced on April 1, 2018, while the e-invoice was introduced in October 2020. In fact, the e-Sugam launched by the Karnataka Commercial Tax in 2010 morphed into the e-way bill under the nation-wide GST regime. In the VAT regime, Karnataka was generating 1.2 lakh e-way bills a day.

36% increase

Since its introduction in 2018 April, the number of e-way bills generated daily has seen a 36% increase from about 22 lakh a day to 30 lakh a day. If 55.8 crore e-way bills were generated in 2018-2019, it has shot up to 77.4 crore in 2021-2022.

In case of e-invoice, the numbers have shot up by 92% since October 2020 when 26 lakh invoices were generated daily to about 50 lakh invoices daily now. If 4.95 crore e-invoices were generated in October 2020, it has reached 12.18 crore in April 2022. The numbers have also increased as the e-invoice mandate has been extended to those reporting above ₹500 crore turnover annually when the e-invoice was introduced in October 2020 to include those reporting turnover of over ₹20 crore in April 2022.

The NIC, sources in Commercial Tax Department said, has been managing the entire operations from Bengaluru with a staff of around 50. Sources also said, “It is heartening that the 24/7 software and hardware support from Bengaluru has been such that there has been no incident of the software glitch where an e-way bill generation has been delayed over the past four years.”

source/content: thehindu.com (headline edited)

INDIAN RECORDS: KARNATAKA: HEALTH & MEDICAL SCIENCES / SCIENCE & TECHNOLOGY: Researchers at Indian Institute of Science (IISc) Develop Algorithm called (ReAl – LiFE) to Study Connectivity in Brain

Researchers at Indian Institute of Science (IISc.) have developed a new graphic processing unit (GPU) based machine learning algorithm called Regularised, Accelerated, Linear Fascicle Evaluation (ReAl – LiFE), which will help to obtain a better understanding and in the prediction of connectivity between different regions of human brain.

This algorithm can help analyse extensive data generated from diffusion Magnetic Resonance Imaging (dMRI) scans which helps scientists study the connectivity in the brain at a speed, which is 150 times higher than a regular desktop computer or existing state-of-the-art algorithms. The study has been published in the journal Nature Computational Science.

“Even though it is difficult to pinpoint the connectomes, we are trying to infer information highway network by looking at traffic flow patterns (if molecules are like cars). We look at the movement of water molecules in the brain and we try to infer where the wires are. The water molecules have to travel along the length of the cables (axons), which have connected various parts of the brain. By measuring these lengths of water molecules, we are able to infer which areas are connected,” explained Devarajan Sridharan, Associate Professor at the Centre for Neuroscience (CNS), IISc., and corresponding author of the study.

source/content: thehindu.com (headline edited)