Business & Economy – Page 41

Bengaluru Tops in Financial Cover in Tier 1, 2 cities

According to a survey released by Max Life Insurance and Kantar, Bengaluru has topped the charts as the most financially protected city in India.

The survey, titled ‘The India Protection Quotient 4.0’, had 5,729 respondents from 25 cities in India.

Bengaluru had a protection quotient of 56 per cent, the same as Delhi.

Compared to other metropolitan and Tier-1 cities, Bengaluru has the highest percentage of life insurance ownership, at 91 per cent.

However, the city ranked lowest in terms of financial security, with 53 per cent

source/content: thehindu.com

Prof CNR Rao Conferred Italian Govt’s Prestigious ‘Energy Frontiers 2020 Award’ by CM . First Recipient in Asia.

Eminent scientist and Bharat Ratna Awardee Prof CNR Rao was conferred the Energy Frontiers 2020 award by Chief Minister Basavaraj Bommai.

The Italy Government’s prestigious Energy Frontiers Award is considered the Nobel prize for the Energy Sector and Prof Rao is the first recipient of the award from entire Asia.

Higher Education, Science and Technology Minister Dr CN Ashwath Narayan, Jawaharlal Nehru Centre for Advance Scientific Research Chairman Prof GU Kulkarni, noted scientist Dr Indumati Rao and other dignitaries were present.

source/content: daijiworld.com

Aster CMI hospital and IISc. to launch artificial intelligence lab in Bengaluru

The lab has been set up to build cutting edge AI products in the healthcare domain, and bridge the gap between clinical medicine and technology by training healthcare professionals in AI.

To understand disease patterns and improve treatment outcomes using artificial intelligence (AI) tools, Aster CMI Hospital has joined hands with the Indian Institute of Science (IISc.) to launch an AI lab.

The lab was launched by Azad Moopen, founder Chairman and Managing Director, Aster DM Healthcare; Lokesh B., Consultant Neurology at the hospital; and Phaneendra K Yalavarthy, Professor of Medical Imaging, Department of Computational and Data Sciences, IISc.

source/content: thehindu.com

Rammanahalli becomes first Karnataka village to come under WiFi net – March 01st, 2022

Rammanahalli, on Mahadevapura Road, on the outskirts of Mysuru, has become the first village in Karnataka, to entirely come under WiFi internet coverage.

With the establishment of a Public Data Office (PDO), the entire village has become a cost-effective WiFi zone, with high-speed internet, provided by Bharat Sanchar Nigam Limited (BSNL), an Union government-owned telecommunications service provider.

Launching the services at MGR Enterprises in the village on March 1, Vivek Banzal, Director, Consumer Fixed Access, BSNL, said, “There are WiFi services at several places. But, this is the first time, the entire village has been provided the facility.The people of the village can get high-speed internet at a lesser price.”

source: deccanherald.com

DRDO constructs multi-storey building in 45 days; to house R&D facilities for AMCA project

India’s premier defence research institute DRDO has built a multi-storey facility for flight control system at Aeronautical Development Establishment in Bengaluru in record 45 days using in-house technology, officials said on March 17.

The seven-storey building, with a plinth area of 1.3 lakh square feet, will house research and development facilities for the development of a fifth-generation medium weight deep penetration fighter jet for the Indian Air Force (IAF).

“The DRDO has completed the construction of a multi-storey infrastructure for flight control system at ADE Bengaluru with hybrid technology consisting of conventional, pre-engineered and precast methodology in record 45 days,” said one of the officials.

source: thehindu.com

* HAL signs MoU with Safran to extend cooperation on chopper engines

The ground-breaking ceremony for a new facility of Helicopter Engines MRO Pvt Limited (HE-MRO), a joint venture of HAL and Safran, a French aerospace firm, was held at Sattari in Goa.

According to a release from HAL, an MOU was signed to extend their cooperation and explore opportunities for new helicopter engines in civil and military markets, reflecting their commitment to the Indian Government’s vision of “Atmanirbhar Bharat” towards achieving self-reliance in defence technologies and MRO.

R. Madhavan, CMD, HAL, Franck Saudo, CEO, Safran Helicopter Engines and senior officers from the Indian Armed Forces and HAL were present on the occasion.

source/content: thehindu.com

India’s first digital water bank sets up shop in Bengaluru

India, and possibly the world, got its first digital water bank, an initiative to aggregate water resources under a single platform, on Monday.

Science and Technology Minister Dr CN Ashwath Narayan, who inaugurated the water bank in Bengaluru, extended the state government’s full support for the initiative, undertaken by AquaKraft Ventures, a company that specialises in sustainable initiatives to provide drinking water and sanitation to all.

source: newindianexpress.com

Bengaluru Metro’s First Vinyl-Wrapped Train Flagged off . Marks 75 Years of Independence

The first Metro train in Bengaluru with its exterior wrapped completely in vinyl was inaugurated on Friday from Platform 2 of the Kempegowda Metro station towards Kengeri on its Purple Line.

This initiative by the Bangalore Metro Rail Corporation Limited (BMRCL) to commemorate 75 years of Independence was flagged off by its Managing Director Anjum Parwez at 10.15 am.

source: newindianexpress.com

* ‘A. Shankara Chetty And Sons’ Wins Best Heritage Jeweller Award

A. Shankara Chetty and Sons, Mysuru, has been recognised and awarded as the ‘Best Heritage Jeweller’ by Karnataka State Jewellers Federation, representing 31 districts and 174 taluks. Adarsh K. Murthy, Managing Director, A. Shankara Chetty and Sons, is seen receiving the award from Major Irrigation & Water Resources Minister Govind Karjol at South Jewellery Show, White Petals, Palace Grounds, in Bengaluru on Mar. 5 as Sharavana of Sai Gold Palace and Federation Members look on.

Mysuru

** Regional office of International Immigration Centre inaugurated in Mangaluru

It will provide skills necessary for aspirants to get jobs in healthcare and other sectors abroad

Minister for Skill Development, Entrepreneurship and Livelihood C.N. Ashwath Narayan on Thursday virtually inaugurated the regional office of the International Immigration Centre located at the Urwa Market building in the city.

After inaugurating a Mega Udyoga Mela on the premises of AJ Institute of Engineering and Technology, Mr. Ashwath Narayan said that the immigration centre has been set up to provide skills necessary for aspirants to get jobs in healthcare and other sectors abroad. “We are opening its first regional office in the city,” he said