Page 5 - Innovation

Companies looking to ramp up headcount in tech, innovation-led positions

Companies are looking to ramp up headcount in their Global Capability Centres (GCC) as entities veer towards technology and innovation-led initiatives, according to a study. There is a growing demand for specialised digital and machine learning skills, the study conducted by talent solutions provider Ciel Group said. GCCs are hiring for roles such as Artificial Intelligence, Applied Machine Learning, Data Analytics, Cyber Security, Blockchain, Augmented Reality Apps Design, Engineering, and UI/UX design, it said. These roles will be most sought-after in the Software, Automotive, Pharmaceuticals, and Banking Finance Services and Insurances (BFSI) sectors, the study, which was released on Tuesday, said. The report is based on inputs from 96 companies, which have a GCC and employ 57,500 professionals across sectors that were either established last year or expanded operations. The study further revealed that the demand for software engineers has particularly gone up at the GCCs in th

More than 200 events lined up at 'Yashobhoomi' at Dwarka in 2 yrs: DPIIT

More than 200 exhibitions and conventions have been planned at the India International Convention and Expo Centre (IICC) - Yashobhoomi - at Dwarka here in the next two years, a senior government official said on Tuesday. The focus sectors of these events would be digital innovation, hospitality, entertainment, healthcare, automobile, infrastructure, travel and tourism, and smart manufacturing. Kinexin Convention Management Pvt Ltd, a consortium of Korea International Exhibition Centre (KINTEX) and eSang Networks Company Ltd, are holding marketing initiatives all over the world to attract events at the centre, which was inaugurated by Prime Minister Narendra Modi on September 17. KINTEX has been appointed as the operator for exhibition and convention centre for managing the venue for 20 years. Modi unveiled the Rs 5,400-crore Phase 1 of the IICC on Sunday. He also inaugurated the extension of the Delhi Metro's Airport Line which now terminates at YashoBhoomi Dwarka Sector 25 ...

Soon, make your card payments through Paytm and Pine Labs soundboxes

The company said the total deployment of all its soundboxes is pegged at 85 lakh devices in the market. Additionally, the company added that it deploys over 12 lakh soundboxes every quarter

AI regulation models: What are risk-based and principle-based approaches?

With its unprecedented capabilities of learning and generating new forms of creative content, GenAI prompted govts worldwide to find ways to ensure user safety without dampening rate of innovation

Open innovations, be ready to tackle next health emergency: PM to G20

Prime Minister Narendra Modi on Friday urged G20 nations to facilitate equitable availability of technology and also appealed to them to open innovations for public good. Addressing the G20 Health Ministers' meet in Gujarat capital Gandhinagar via video link, he called upon everyone to be ready to prevent, prepare and respond to the next health emergency. Digital solutions and innovations are useful means to make our efforts equitable and inclusive, Modi said. "Global initiatives on global health will bring together various digital health initiatives on a common platform. Let's open our innovations for public good. Let us avoid duplication of funding," the prime minister said. "Let us facilitate equitable availability of technology. This initiative will allow countries in the global south to close the gap in healthcare delivery. It will take us one step closer to our goal of achieving universal health coverage (UHC)," he added. He informed the G20 members that India will eradicate

Focus on four 'Is' to make India a developed nation by 2047: Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the focus of the government is on four Is -- infrastructure, investment, innovation and inclusiveness -- to make India a developed nation by 2047. She said India has necessary wherewithal to meet the goal set by Prime Minister Narendra Modi. Besides several investor-friendly reforms undertaken by the government, she said, India has a very vibrant young population and the emphasis on skilling them to suit the requirement of the economy would yield dividend. With the aim to build India a developed country by 2047, she said "the emphasis has been on four different issues (Is). We are looking at infrastructure (first I) in a very big way. In the last 3 to 5 years, consistently, the public expenditure for infrastructure building has been ramped up significantly and it will reach Rs 10 lakh crore in 2023-24." With infrastructure comes investment (second I), she said, adding that emphasis on investment will promote greater participation

Wipro launches innovation experience for financial services with Microsoft

Microsoft and Wipro will develop new solutions to help financial services clients accelerate growth and deepen client relationships

Medical device's environmental impact can challenge innovation: Report

The report by GlobalData, a leading data and analytics company, shows that the industry finds itself at a crucial juncture, balancing technological advancements with sustainable practices

DST report favours govt support to innovation even in case of failure

In a bid to promote innovation in manufacturing, a state-backed report has suggested that the government co-fund to pursue research even if it fails to improve their risk appetite to embrace new technologies and processes. The report on National Manufacturing Innovation Survey, released by the Department of Science and Technology (DST) and the UN Industrial Development Organisation, also suggested that the government launch an 'Innovate to Make in India' strategy and support pre-competitive, industry-focussed research and innovation. According to the report, 25.01 per cent of the 8,074 firms surveyed were considered innovative and had successfully implemented either new or significantly improved products or processes between 2017 and 2020, the period under review. The survey found that close to 80 per cent of innovators were able to improve the firm's turnover, open up new market opportunities, respond to market and cost pressures whereas only 53.59 per cent were able to respond to

Rs 700 cr corpus available to fund startups, no limit to fund innovation

State-owned research and development organisation C-DOT has a corpus of over Rs 700 crore for funding startups, but the government has kept no limit to fund innovation, a top official of the entity said on Thursday. Speaking to PTI on the sidelines of Regional Innovation Forum, C-DOT chief executive officer and chairman C-DOT Project Board RajKumar Upadhyay said that a number of delegations of ministers from neighbouring countries at the forum have expressed interest in technological collaboration with India, which will help in expansion of indigenous innovation beyond the country's boundary. "We have various schemes of government to fund innovation. Some of these schemes are available through C-DoT. Through them we have a corpus of Rs 700 crore to fund startups, but there is no limit of fund if we find right innovation," Upadhyay said. The delegation of communications ministers from Bhutan, Maldives, Nepal , Iran, Sri Lanka and Bangladesh visited the C-DoT campus. The campus now a

The perfect moment for innovation or 'anusandhan' is now: Six reasons

Innovation can be a sustainable wealth creator for nations

Aspirational population in Sikkim keen on innovation, digitisation: CM

Commerce and Industries MOS Som Prakash said there are more than 90,000 startups in India registered with DPIIT

India at G20 summit showcases its strength in research, innovation

Govind Rangarajan, Director, IISC, shared enlightening thoughts on interdependency of domains and interdisciplinary action for solving problems

India, US sign pact on semiconductor supply chain, innovation partnership

The cooperation comes in the backdrop of the chip shortage that had badly disrupted supply of automobiles and electronics in both countries, particularly after the outbreak of Covid-19

Int'l Women's Day: UN calls for innovation, technology for gender equality

UN has chosen the theme 'DigitALL: Innovation and technology for gender equality' for Women's Day 2023 to examine the impact of the digital gender gap on widening economic and social inequality

From seeker, India now a solution-giver: President Droupadi Murmu

Describing Modi govt as 'decisive', she highlights its achievements - from infra ramp-up to digital boost

India's G20 presidency: B20 meet in Gujarat to discuss climate, innovation

The Business 20 (B20) inception meeting being organised in Gujarat's Gandhinagar city from Sunday as part of India's G20 presidency will deliberate on issues ranging from climate change, innovation, global digital cooperation and resilient global value chains, officials said here. As part of the three-day meeting, delegates will be taken for a visit to Dandi Kutir, a museum on Mahatma Gandhi in Gandhinagar, on Sunday evening, Gujarat finance department's principal secretary Mona Khandhar told reporters. The B20 India 2023 dialogue will take place under the theme of 'RAISE,' an acronym for Responsible, Accelerated, Innovative, Sustainable and Equitable Businesses, she said. A plenary session for the B20 meeting will be organised at the Mahatma Mandir in Gandhinagar on Monday in which Union Commerce Minister Piyush Goyal, Railway Minister Ashwini Vaishnaw, Gujarat Chief Minister Bhupendra Patel and India's G20 Sherpa Amitabh Kant will take part, the official said. "The plenary sessio

Tata Steel sets up Centre for Innovation in Mobility at IIT-M Research Park

The Centre for Innovation in Mobility is in addition to the state-of-the-art centre application centre at Jamshedpur

Govt to release norms to support startups' innovation in technical textiles

The government will soon release guidelines to support startups interested in undertaking research and innovation in the technical textiles segment and is contemplating a grant of up to Rs 50 lakh for approved proposals, a top official said on Thursday. Responding to a query by PTI, Secretary in the Textiles Ministry Rachna Shah said that she is hopeful that the norms will be unveiled in a month's time. "We would have an evaluation committee which would decide on approving grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said. Hopefully within a month or so, we will be able to have the guidelines, she added. Addressing a press briefing, the secretary informed that the government is looking at measures to cut India's heavy import dependence on machinery and specialty fibre for the technical textiles sector.

Smartest among them all, ChatGPT to help other bots in innovation

The free-to-use prototype has been trained on a massive amount of text data and uses deep learning algorithms to generate natural language text similar to human writing