Page 4 - Innovation

Limited innovation forces wearables market players to reassess strategy

Industry insiders say that the decline in demand is a result of cheaper products flooding the market, in combination with a base correction

Will work on boosting research, innovation in third term, says PM Modi

Prime Minister Narendra Modi on Friday said the qualitative changes in India's education sector are reflected in the QS World University Ranking and his government will work on further boosting research and innovation in the third term. "Over the last decade, we have focused on qualitative changes in the education sector. This is reflected in the QS World University Rankings. Compliments to the students, faculty and institutions for their hard work and dedication. In this term, we want to do even more to boost research and innovation," the PM wrote on X. The Indian Institutes of Technology (IITs) Bombay and Delhi are among the top 150 universities in the world, while the Massachusetts Institute of Technology (MIT) retained the top rank globally for the 13th time, according to the QS World University Ranking-2025 announced on Wednesday. While IIT Bombay climbed from 149 last year to 118, up by 31 ranks, IIT Delhi improved its rank by 47 points to bag the 150th position ...

Genpact launches innovation centre in Gurugram to support AI-first approach

'The centre will be a launchpad for innovation, facilitating talent to learn, experiment, and build holistic, AI-focused growth-oriented solutions for Genpact's global clients,' the company said

IndusInd Bank successfully executes RBI's programmable CBDC pilot

For this pilot, IndusInd Bank collaborated with circularity innovation hub

CNH's India technology centre to be the largest by the end of CY24

The centre, which has a headcount of 700, will touch 1,000 by the end of CY24

India's most innovative cities including Bengaluru run out of water

Tech professionals are leaving India's IT hub of Bengaluru amid an intensifying drought that has gripped the city as it sweats through another torrid pre-monsoon season

TCS BaNCS selected by Central Bank in US for core technology modernisation

Central Bank manages more than $20 billion in assets, serving more than 150 locations in 78 communities throughout Missouri, Kansas, Illinois, and Oklahoma

Healthcare innovation to double at $60 bn opportunity by FY28 in India

Indian vaccines and biotech market, which was valued at $4 billion in FY23, accounting for 15 percent of the innovation market, has quickly grown from $1.2 billion in FY20

Deepening US-India ties through innovation, trade

This trade mission builds on US Secretary of Commerce Gina Raimondo's March 2023 trip to India to co-lead the US-India Commercial Dialogue

Need innovation to deal with challenges greater than ever: Bill Gates

The need for innovation to deal with different challenges is greater than ever, Microsoft co-founder and philanthropist Bill Gates said Thursday, asserting that Artificial Intelligence (AI) is the most transformative technology he has seen. Addressing students at Indian Institute of Technology (IIT), Delhi, Gates he encouraged them to leverage the technology for social good. "I am looking at India in a far broader way. I am lucky enough, through the work of the foundation, to look at innovators who can help with all kinds of problems -- starting with health, but also agriculture, gender, and climate. We need fantastic Indian innovation," Gates said during his keynote address on "Innovation for Public Good". "The need for innovation to deal with many different challenges is greater than ever. You are all lucky to be here and have gotten an incredible education. The complexity of how we take technology and shape it, you will get an opportunity to play a big role there," he said. Gate

Modi-govt focussed on innovation, tech development: Nirmala Sitharaman

She inaugurated the fifth campus of BITS Pilani in Mumbai, spread over 63 acres and with an investment of Rs 1,500 crore

Mercedes-Benz Research and Development India launches Sustainability Garage

Mercedes-Benz Research and Development India (MBRDI) has launched the 'Sustainability Garage', an initiative for promoting innovation in sustainable mobility in association with Prayoga Institute of Education Research. A CSR initiative of MBRDI, the Sustainability Garage will serve as a hub for multidisciplinary research, focusing on developing eco-friendly materials with diverse applications to benefit society. It aims to foster collaboration between academia and industry, driving research and innovation in sustainable materials and technologies. Under this initiative, MBRDI has jointly developed specialised course material, and over 150 students from six universities in Karnataka -- Jain University, RV Institution, JSS Science and Technology University, Vijaya College, Nrupatunga Institution, and St. Joseph's University -- will participate in workshops and experiment with research equipment. "Researchers at MBRDI are deeply engaged in ensuring sustainability as a core priority f

India Inc to press the capex pedal with Budget push, shows BS CEO poll

CEOs to take advantage of Rs 1 trn innovation fund

75,000 patents granted by patent office in 10 months: Piyush Goyal

"There has been a significant push to reduce criminalisation of laws regarding businesses in India," said Goyal

Hyundai Motor announces Rs 6,180 cr investment plans in Tamil Nadu

Aligned with the Hyundai Hydrogen Vision, the goal is to help foster a worldwide Hydrogen Society by making hydrogen readily used for everyone, everything, and everywhere

Cabinet approves pact between India, US to enhance innovation ecosystems

The Union Cabinet on Friday approved the Memorandum of Understanding (MoU) between the US and India to enhance innovation ecosystems. The two countries are working together to strengthen the startup eco- system in deep tech sectors and promote cooperation in initiative on Critical and Emerging Technologies (iCET). "The MoU would contribute significantly to strengthening Commercial opportunities in the high tech sector," an official statement said. The Cabinet, chaired by Prime Minister Narendra Modi, approved the MoU between the two countries to enhance innovation ecosystems through an innovation handshake, it said. Further, it said that the scope of cooperation would include a series of India-US Innovation Handshake events, round tables with the private sector, including hackathon and Open Innovation programmes, information sharing and other activities. The pact laid the groundwork for two future Innovation Handshake events scheduled to take place in India and the US in early 20

Building talent pool, supply chain can help India in semicon race: Experts

Garg added that collaboration with academia and startups to foster innovation in this area is one of the opportunities for India

Climate action not a burden but opportunity for innovation, growth: Goyal

Commerce and Industry Minister Piyush Goyal has called upon the world leaders to join hands as a global community to construct a future where climate action is not a burden but an opportunity for innovation and growth. While speaking at the APEC Informal Leader's Dialogue in San Francisco on November 16, the minister also highlighted India's environmental leadership in meeting the renewable energy target of 175 gigawatts nine years ahead of the target. "He called upon the world leaders to join hands as a global community to construct a future where sustainability is not a distant aspiration but a way of life and where climate action is not a burden but an opportunity for innovation and growth," the commerce ministry said. Goyal also participated in the Investor Forum of the Partnership for Global Infrastructure and Investment (PGII). The Forum was co-hosted by US Secretary of Commerce Gina Raimondo and Senior Advisor to the President Amos Hochstein with the discussion centred on ..

IPEF partners driving nations to top on transparency, innovation: Biden

The 14 Indo-Pacific Economic Framework (IPEF) members have reached a consensus on three crucial initiatives on supply chains, clean energy transitions and the clean economy which would drive them to the top on standards, transparency, inclusivity and innovation, US President Joe Biden has said. The IPEF comprises Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, Vietnam and the United States. It was launched in May 2022 at the initiative of Biden. India was represented by Commerce and Industry Minister Piyush Goyal for the event. Put simply, my colleagues and I are driving a race to the top among nations and in the Indo-Pacific, driving nations to the top on standards, transparency, inclusivity and innovation," Biden said on Thursday in his remarks at a special event he hosted for IPEF nations. "And together, we're going to be forging a better future, one where workers get a fair shot and a fair share of the .

Rise in patent applications demonstrates rising zeal of youths: PM Modi

Prime Minister Narendra Modi said on Wednesday that the rise in patent applications in India demonstrate the rising innovative zeal of its youths and is a very positive sign for the times to come. He was reacting to a World Intellectual Property Organization report which said patent applications by residents of India grew by 31.6 per cent in 2022, extending an 11-year run of growth unmatched by any other country among the top 10 filers. China, the US, Japan, South Korea and Germany were the countries with the highest numbers of patent filings in 2022, it said. While innovators from China continue to file nearly half of all global patent applications, the country's growth rate dipped for a second consecutive year from 6.8 per cent in 2021 to 3.1 per cent in 2022, it said, while noting India's growth. Modi said on X, "The rise in patent applications in India demonstrate the rising innovative zeal of our youth and is a very positive sign for the times to come.