Category Archives: Business & Economy

PATENT: INDIAN INNOVATION : SCIENCE & TECHNOLOGY : Allahabad University Students Develop Device to Check Backflow after Injection

The students of the chemistry department in Allahabad University (AU), led by their supervisor and dean faculty of science Prof Shekhar Srivastava, have developed a device which will prevent backflow of injected liquid in humans.

The device will automatically lock the output pipe after the stipulated amount of medicine or for that matter any liquid as being injected by the doctor has been injected in the body.

The device has been granted patent for a period of 10 years by the Kolkata-based office of General of Patent, Design and Trademark, ministry of Commerce and Industry, Government of India.

The device is the effort of a team led by Prof Srivastava and included research scholars Rahul Kannaujia, Ghulam Mustafa and Mukta Singh.

source/content: daijiworld.com (edited)

INDIAN INNOVATION – GREEN : SCIENCE & TECHNOLOGY : IIT Guwahati Develops Technology to Standardise Electric Vehicles in India

Indian Institute of Technology (IIT) Guwahati has developed a technology that rates the motors and batteries of electric vehicles and suggests the best drivetrain components for the Indian scenario to Original Equipment Manufacturers (OEMs).

According to IIT Guwahati, this is a unique method of its kind which standardises the electronic vehicles based on Indian drive-cycles.

T. G. Sitharam, director, IIT Guwahati, said, “The development in the field of next-generation energy-efficient EV technology is one of the most important breakthroughs required for the sustainable development of the country and to reduce the carbon footprint. IIT Guwahati is earnestly working in this direction. This development will augment this process and maximize the outcomes.”

source/content: thetelegraph.com (edited)

INTERNATIONAL : AVIATION : HAL-Israel Aerospace Sign MoU for Conversion of Civil (Passenger) Aircraft into Multi-Mission Tanker Transport Aircraft (MMIT)

In a move aimed at bolstering the ‘Make in India’ campaign, HAL has entered into a MoU with Israel Aerospace Industries (IAI) to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India.

The move will provide India’s defence ecosystem with new capabilities and cost effective solutions in the market.

The MoU will facilitate HAL and IAI’s decades’ long expertise in developing, manufacturing and producing leading defence platforms.

The scope of MoU also covers “passenger to freighter aircraft” conversion along with MMTT conversions.

A formal Memorandum of Understanding (MoU) was signed in Delhi by D Maiti, CEO (MiG Complex), HAL and Yaacov Berkovitz, Vice President and General Manager, Aviation Group, IAI in the presence of Chandraker Bharati, JS (Aero), Ministry of Defence, Goveernment of India.

source/content: daijiworld.com (edited)

INDIA RECORDS : BUSINESS & ECONOMY : Record Breaking, India Inc’s Biggest Merger: Merged HDFC Entity to Overtake TCS, Second only to RIL

In the biggest merger in the history of India Inc, mortgage firm HDFC Ltd will merge with HDFC Bank, creating a banking behemoth with a market capitalisation of Rs 14 lakh crore.

After the merger, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank (face value of Re 1 each) for 25 shares of HDFC Ltd of Rs 2 each — a ratio of 1:1.68.

Following the announcement by HDFC chairman Deepak Parekh, HDFC Bank shares shot up by 9.97 per cent to Rs 1,656.45 on the BSE Monday. HDFC Ltd shares rose by 9.30 per cent to close at 2,678.90.

source/contents: indianexpress.com (edited)

GLOBAL – GRAMMY AWARDS : ARTS & CULTURE : India’s Rickey Kej and Falguni Shah Win Big at 2022 Grammy Awards

Rickey Kej earned his second coveted gramophone trophy in the best new album category for Divine Tides. Falguni Shah, a New York-based Indian singer known by her stage name Falu, won her first Grammy Award for A Colorful World in the best children’s album category.

A Mumbai-born singer went to the US and made her career in music, while the other, born in the US, moved back to India, the country of his parents’ birth. The ‘crossover’ stars Falguni Shah and Rickey Kej have now won their respective Grammy Awards .

At the 64th Annual Grammy Awards held on Sunday night in Las Vegas, Kej earned his second coveted gramophone trophy in the best new album category for Divine Tides, his collaboration with The Police drummer Stewart Copeland.

Shah, a New York-based Indian singer known by her stage name Falu, won her first Grammy Award for A Colorful World in the best children’s album category.

source/content: indianexpress.com (edited)

WORLD : SCIENCE & TECHNOLOGY : Dr. Reddy’s Acquiring Novartis Cardiovascular Drug ‘Cidmus’ for $61 m

Dr. Reddy’s Laboratories has entered into an agreement with pharma giant Novartis AG to acquire cardiovascular brand Cidmus in India for $61 million.

Under the agreement, it will be assigned and transferred the Cidmus trademark in India from Novartis AG. Cidmus sales in the country was around ₹136.4 crore for the most recent 12 months ending in February 2022, Dr. Reddy’s said on April 1, citing IQVIA MAT numbers.

The Cidmus brand will be affixed on the pharmaceutical composition comprising a combination of Valsartan and Sacubitril (currently under Novartis patent) which is indicated for heart failure patients with reduced ejection fraction. The tablets were available in three strengths, the company said.

source/content: thehindu.com (edited)

RECORDS : INTERNATIONAL – ASIA : India to Lead Security Pillar of BIMSTEC

BIMSTEC – The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Co-operation.

The seven countries in the Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) adopted a charter and connectivity roadmap and entrusted India to be at the helm of its security pillar.

“With the charter, Bimstec now has an international personality, it has an emblem, it has a flag, it has formally listed purpose and principles that it is going to adhere to and an architecture.

So that represents a fairly significant evolution of this grouping process which was happening since 2004, but gained traction after 2014,” said additional secretary Bimstec, Rudrendra Tandon.

It constitutes seven Member States: five deriving from South Asia, including Bangladesh, Bhutan, India, Nepal, Sri Lanka, and two from Southeast Asia, including Myanmar and Thailand.

source: newindianexpress.com (edited)

RECORDS : SCIENCE & TECHNOLOGY : India’s 1st BTVA Procedure Performed at Yashoda Hospital, Hyderabad

BTVA : Bronchoscopic Thermal Vapour Ablation

For the first time in India, the procedure of Bronchoscopic Thermal Vapour Ablation (BTVA), which is an endoscopic lung volume reduction (ELVR) treatment was done at the Yashoda Hospital.

The procedure is known to help reduce hyperinflation and improve respiratory mechanics in patients with severe emphysema.

Emphysema is a sub-type of Chronic Obstructive Pulmonary Disorder (COPD) wherein the air sacs within the lungs are destroyed.

The patient who received the procedure at Yashoda Hospital was a 65-year-old man, previously a chain-smoker, who was nearly bed-ridden due to a lack of oxygen absorption

source/content: newindianexpress.com (edited)

RECORDS : SCIENCE & TECHNOLOGY : India Successfully Test-Fires Army Version of MRSAM Missile System

India successfully test-fired the Army version of Medium-Range Surface-to-Air Missile (MRSAM) from a defence facility off the Odisha coast on Sunday, March 27th  demonstrating the system’s high killing efficiency.

The state-of-the-art missile was flight tested in full operational configuration from the launching complex – III of the Integrated Test Range (ITR) at Chandipur at about 10.30 am.

The missile intercepted an unmanned aerial vehicle achieving a ‘direct hit’.

source/content: newindianexpress.com

RECORDS : SCIENCE & TECHNOLOGY : India’s First Ever Long-Lasting ‘Steel Slag’ Road built in Gujarat

Highligts:

  • This steel slag road is built with 100 per cent processed steel slag
  • India’s first-ever ‘steel slag ’road, which has been built by ArcelorMittal Nippon Steel India with CSIR India, CRRI and Niti Aayog

In the first use case of waste steel in India, a road has been constructed using waste steel in Surat at the Hazira industrial area.

It is India’s first-ever ‘steel slag road’, which has been built by ArcelorMittal Nippon Steel India with CSIR India (Council of Scientific and Industrial Research) and the Central Road Research Institute (CRRI) and government think tank Niti Aayog.

Steel slag road is built with 100 per cent processed steel slag, which aggregates in all layers of bituminous roads at Hazira, Surat.

source/content: livemint.com (edited)