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Daily Archives: July 11, 2022

IBM and IIT Madras collaborate

IIT-M technology to play ‘Pivot’al role in providing patients with cancer with individualised care

IIT Madras researchers have developed a revolutionary method that can identify a person’s cancer-causing genes. Based on patient DNA profiles, the “Pivot,” an AI-based tool, will help clinicians create individualised treatment programmes for patients. The tool is built on a machine learning model that classifies genes into cancer-preventing tumour suppressors, oncogenes that cause cancer, and …

Union Minister Jitendra Singh

Jitendra Singh to launch IS4OM for Safe & Sustainable Space Environment

With the help of the ISRO System for Safe and Sustainable Space Operation and Management (IS4OM), India has increased its ability to protect its space assets on its own. Mr. S Somanath, Secretary of the Department of Space and Chairman of the Indian Space Research Organization, are slated to officially launch the IS4OM in the …

Union Bank launched Open Banking Sandbox and Metaverse Virtual Lounge

Union Bank launched Open Banking Sandbox and Metaverse Virtual Lounge

Union Bank of India (UBI) has introduced a Metaverse Virtual Lounge – Uni-verse, & Open Banking Sandbox environment in collaboration with Tech Mahindra in an effort to elevate consumers’ banking experiences. In the beginning, movies and information on the bank’s deposits, loans, government assistance programmes, digital initiatives, etc. will be hosted by Uni-verse. Customers will …

President of India attends the Yuva Sammelan hosted by "My Home India"

President of India attends the Yuva Sammelan hosted by “My Home India”

The Yuva Sammelan, which was hosted by “My Home India” in New Delhi, was attended by Ram Nath Kovind, the President of India. The President stated that youth are a nation’s present and future when speaking at the event. Their skills have a distinct impact on elevating a nation. Therefore, it is reasonable to conclude …

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Nokia partners with IISc to set up networked robotics Center of Excellence

Nokia has partnered with the Indian Institute of Science to set up the Nokia Center of Excellence in networked robotics at IISc Bengaluru. The Center of Excellence (CoE) will promote inter-disciplinary research involving robotics and advanced communication technologies in 5G and Artificial Intelligence (AI). It will also develop use cases across industrial automation, agriculture and …

Federal Bank and Bank of India penalized by RBI for breaking regulatory obligations

Federal Bank and Bank of India penalized by RBI for breaking regulatory obligations

Due to shortcomings in regulatory compliance, the Reserve Bank of India (RBI) fined Federal Bank Rs 5.72 crore. The Reserve Bank of India (RBI) (financial services provided by banks) Directions, 2016 has strict penalties for violations. Federal Bank did not make sure that the insurance company did not compensate any of its employees providing corporate …