Mar 11, 2024 | Uncategorized
In yet another collaboration aimed at ensuring the well-being of players and spectators at HPCA Stadium in Dharamshala, Medulance, a trusted emergency medical services provider, is providing on-ground medical support during the ongoing India-England Test Series at the picturesque venue. It is the second time Medulance is the official medical partner of the HPCA after its engagement here during last year’s ICC World Cup. India-England Test Series is hosted by the Himachal Pradesh Cricket Association (HPCA) at Dharamshala from March 7 to 12. Apart from match days, Medulance has also assisted the stadium on practice days from March 4 to 6.
The emergency healthcare provider’s comprehensive medical support includes on-ground services across the stadium’s critical areas, such as the Field of Play area, Player Medical Room, Spectator Medical Room, and First Aid Points, positioned strategically across the venue. The emergency healthcare provider’s medical facilities include highly trained doctors, nurses, and paramedics, equipped to handle any medical situation effectively. In addition, 2 Advanced Life Support ambulances and 2 Basic Life Support ambulances are deployed to respond to emergencies immediately and ensure the best possible care.
Mr. Pranav Bajaj, Co-Founder, Medulance said, “As the premier medical partner, Medulance is committed to ensuring the utmost well-being and safety of players, staff, and spectators throughout the event. We showcased our commitment to excellence in medical care during the ICC Men’s Cricket World Cup 2023 at Dharamshala. Throughout the tournament, Medulance ensured the safety of players, dignitaries, staff, and spectators, responding promptly to medical emergencies. We aim to display the same dedication and proactiveness in managing medical emergencies at this event.”
During the ICC World Cup last year, Medulance secured the safety of players of international cricket teams, key dignitaries, on-ground staff, and over 20,000 spectators during every match.
The company provided commendable emergency response services for medical emergencies reported on the ground during the World Cup last year including stroke cases, heart attacks, fall injuries, and other such conditions. The company responded to all these emergencies in time and saved the day with an average response time of 2 minutes.
The platform’s outstanding services earned praise from both spectators and esteemed dignitaries in attendance, including IPL Chairman Arun Singh Dhumal, Union Minister for Youth Affairs and Sports Anurag Singh Thakur, Chief Minister of Himachal Pradesh Sukhvinder Singh Sukhu, and Secretary of BCCI Jay Shah.
With a track record of excellence, Medulance has been a trusted medical partner for prestigious sporting events including the ICC Men’s Cricket World Cup 2023, Indian Premier League, MotoGP Bharat, Pro Panja League, and Pro Kabaddi League, ensuring the safety of millions of sports enthusiasts across the country.
Mar 11, 2024 | Uncategorized
Ambuja Cements, the cement and building material company of the diversified Adani Group announces the successful renovation of two Anganwadi centres located in the villages of Lavva and Chhapur in Roorkee, Uttarakhand under its CSR activities. This initiative underscores Ambuja’s ongoing dedication to enhancing educational facilities and nurturing early childhood development within local communities.
Ambuja Cements is committed to creating engaging and enriching environments for young children to learn and grow by renovating Anganwadi centres and providing innovative learning aids, such as the BaLA (Building as Learning Aid) components, including poems, imagery, and educational alphabets, designed to stimulate cognitive growth.
These efforts not only enhance cognitive development but also nurture a passion for learning from an early age, laying a solid foundation for lifelong education. Ambuja Cements has also supplied essential learning tools, such as tables and chairs, to create an environment conducive for learning.
Furthermore, Ambuja Cements ensures that Anganwadi workers are equipped with the necessary skills by providing them with frequent training sessions aimed at enhancing learning mechanisms used at the centres. Aligned with its CSR Education Program, Ambuja Cements, upgrades infrastructures at government schools and provides additional resources to create an optimal learning environment for children.
Through these efforts, Ambuja Cements is making a tangible and lasting impact on the lives of countless individuals, ultimately contributing to the collective prosperity by empowering future generations through education.
Mar 11, 2024 | Uncategorized
Achieving a sustainable future is one of the most significant organisational risks of the 21st century. This creates an opportunity for organisations to ensure that their merger and acquisition (M&A) processes make a material, positive contribution to a sustainable operating model. Failure to adequately assess the impact of sustainability risks and can threaten the success of M&A transactions.
As accountancy and finance professionals are at the heart of the transaction process they have a crucial role using their skills to assess complex risk to help organisations transform their operating models to become more sustainable.
With sustainability-related issues an increasingly becoming a driver for M&A activity, an important joint report Sustainability in transactions from ACCA (the Association of Chartered Certified Accountants) and Chartered Accountants Australia and New Zealand, examines how the interrelationship between M&A and sustainability is crucial for the corporates and their stakeholders.
The report sets out three key messages:
- sustainability forms a fundamental part of the strategic intent of M&A transactions and of the valuation of an entity, and the related opportunities and risks cannot be ignored;
- assessing sustainability-related risk and opportunities must be comprehensively considered as part of the due diligence process, both as a specific workflow and as an integral part of other forms of due diligence; and
- organisations need to ensure that they have an appropriate level of expertise to handle the transaction cycle and to understand the sustainability-related aspects of a target’s operations, assets and liabilities.
CFOs must identify sustainability considerations during the investment and divestment cycles. Critical business risks are now arising from sustainability-related issues, and these can pose a threat to the outcome of transactions. Sustainability can be a driver for an acquisition and – in the case of a sunset industry – the reason for divestment or demerger. Sustainability considerations in transaction are not uniform. The research suggests that in some sectors and industries it is barely a subtle noise, in others it is a loud drumbeat. It is clear from the research that sustainability is a multi-dimensional issue and the breadth of areas to be considered in a due diligence process is broad and interconnected.
The report examines the sustainability considerations in the due diligence process under strategic, environmental, social economic and governance. Sustainability should be a consideration through each step of the transaction workflow: from strategy and acquisition planning through to due diligence and closing. The report provides tips to help guide CFOs and their finance teams when considering sustainability-related issues in the M&A transaction process.
Clive Webb, Head of Business Management, ACCA, said: ‘It cannot be stated too loudly that in the M&A process there are significant numbers of risks which could derail an organisation’s journey towards a sustainable operating model. Failure to adequately assess the impact of those risks, and the opportunities which arise, can create a threat to the success of the transaction. As accountancy and finance professionals we are best placed to lead that assessment.
‘Four main factors determine why sustainability matters in a transaction – financial institutions and investors; supply chains; regulators; and customers; clients and employees. They vary according to location and whether they are sunrise or sunset industries.’
Simon Grant, Group Executive APS and International, CA ANZ said: ‘Accountancy and finance professionals need to grow the appropriate skills and knowledge and capitalise upon ‘on-the-job’ learning opportunities. They also need to constantly bear in mind the ethical dimension. Ethics must be at the heart of everything that we do.
‘Assessing the impact of sustainability-related risks and opportunities requires a significant familiarity with social, economic and environmental issues. Professional scepticism is also required when considering risks of greenwashing and bluewashing against the potential upside of investment.’
Prof Dr Christopher Kummer, President, Institute of Mergers, Acquisitions and Alliances (IMAA), Austria, said: ‘In the context of evaluating new investments or acquisition opportunities, organisations are now employing ESG criteria to gauge the extent to which the prospective target aligns with their sustainability objectives.’
Mar 11, 2024 | Uncategorized
In line with the national initiative to combat cervical cancer, Manipal Hospital, Kharadi, launched a cervical vaccination initiative under its adult vaccination program during a community event on Sunday. On the occasion of International Women’s Day, this community connect program was aimed at educating and empowering women to take proactive measures towards safeguarding their health against cervical cancer and other critical health diseases.
The community connect program witnessed the participation of 150 women from the Women’s Club Kharadi and 15 girls from a local children’s home received free flu vaccinations to boost their immunity. Prominent leaders from XXX (names of the added) graced the occasion with their presence.
Under this cervical vaccination program, Manipal Hospital, Kharadi, will be offering HPV vaccination at a discount to women aged between 9 – 14 and 18 – 45 years. Human papillomavirus (HPV) vaccines are essential in the fight against cervical cancer and other HPV-related diseases. HPV vaccine significantly reduces the risk of cervical cancer, as well as other HPV-related cancers such as oropharyngeal, vaginal, vulvar, anal, and penile cancers. Early vaccinations ensure the best effect by protecting against viral infection before the start of sexual involvement, ideally during adolescence or early adulthood.
Speaking on the occasion, Parameswar Das, Hospital Director, Manipal Hospital, Kharadi, Pune, said, “Adult vaccination is as important as child immunisation to fight against critical illnesses. Our adult vaccination program is focused on educating and creating awareness about adult immunization. With the launch of this cervical vaccination initiative, we want to encourage women and men to take the initiative of getting the women vaccinated around them. With the rising number of cervical cancer patients in the country, we aim to reach as many women as possible across different age groups through such initiatives. We urge all women to take charge of their health and get vaccinated against cervical cancer.”
Chief Guest, Dr. Rekha Galande, PMC Officer, said, “Such initiatives are necessary for promoting women’s health and empowering women. Cervical cancer, one of the main causes of death for women worldwide, continues to pose a risk to the health of not just women but the whole society. This makes it necessary for the women to get themselves vaccinated with HPV vaccinations and encourage other women to do the same. This initiative by Manipal Hospital, Kharadi, shows the continuous commitment of the hospital to supporting women’s empowerment and the health of the community.”
Cervical cancer ranks as the third most common cancer in India, accounting for 18.3%, and stands as the second leading cause of death, with a mortality rate of 9.1%, according to GLOBOCAN 2020. Cervical cancer is a preventable disease, and vaccination is an essential step towards reducing its incidence. The HPV vaccine is safe and effective in preventing the types of HPV that cause most cervical cancers. By getting vaccinated, women can significantly reduce their risk of developing cervical cancer.
Mar 11, 2024 | Uncategorized
Infibeam Avenues Ltd, a listed AI-powered fintech company, announces the unveiling of its ground-breaking Artificial Intelligence (AI) product, THEIA – a pioneering Video AI Developer Platform. This state-of-the-art video AI platform is poised to revolutionise the way business organisations, institutions, and governments leverage artificial intelligence for enhanced productivity and efficiency.
THEIA is designed to cater to a diverse range of industries, where advanced video AI analysis capabilities transcend traditional boundaries. This is a pioneering and versatile video AI platform that empowers organizations to harness the power of AI video analysis for applications in areas such as sports analytics, media optimisation, traffic management, crowd control, insurance claims processing, optimization of manufacturing units, retail stores and other industries as well as government applications.
“We are thrilled to announce one of the World’s First Video AI Developer Platform – THEIA, set to revolutionise the utilisation of video (CCTV) data. Beyond security, videos will now serve as powerful tools for enhancing productivity, workforce efficiency, and decision-making across businesses, government entities, and organizations. The era of video data transformation has begun,” said Mr. Rajesh Kumar SA, CEO of Phronetic.AI, an artificial intelligence business unit of Infibeam Avenues Ltd.
Infibeam’s THEIA plays a crucial role of providing a platform that works as a “framework” designed to provide advanced object detection and classification capabilities, model training, video processing by using the vast pool of (organization’s) video data. The platform is sector agnostic, and its cutting-edge technology will revolutionise business processes, providing valuable insights for informed decision-making for organisation’s top decision makers. (Video explaining THEIA platform video analysis – https://www.phronetic.ai/platforms/theia )
“Recent advancements in AI have enabled businesses to extract crucial insights from unstructured data, including natural language, images, and audio. As we continue to push the boundaries of AI, the next significant milestone is video understanding. New multimodal AI models are demonstrating this capability remarkably well. Harnessing the latent information within videos has the potential to optimize processes, streamline operations, and bring about unprecedented efficiency improvements. While existing AI development platforms on the market predominantly focus on text, images, and audio, none have successfully addressed the unique challenges posed by videos. We aim to be pioneers in this field and with this first mover advantage, we expect to capture a major market share in this burgeoning video AI market globally,” added Mr. Rajesh Kumar SA.
Recognizing the increasing value of visual data, Infibeam Avenues Ltd predicts a paradigm shift in decision-making and problem-solving within industries. With over 1 billion CCTV cameras globally capturing video data, there is a need to move beyond forensic use by proactively leveraging this wealth of information (video data) for business optimization.
“We’re here to change the game, enabling organizations to use video data for business purposes and not just forensics,” said Mr. Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd.
THEIA platform is equipped with advanced artificial intelligence capabilities to create a video AI application and exposes the same via simple interfaces to the developers.
The platform solves 3 major pain points for developers –
Firstly, selecting key frames of a video stream is tough. THEIA’s video processing module uses in-house AI models to select the most relevant key frames.
Secondly, in the recent past there has been an explosion of AI models, and choosing the right set of models from these pools of expert models is a major pain point. THEIA solves it with autonomous AI Agents (a precursor to Artificial General Intelligence) that do effective model orchestration and select the right set of expert models to solve a particular problem.
Thirdly, it is non-trivial to visualize processed video and extract usable numerical/textual information such that it can be plugged into analytical frameworks. THEIA’s video understanding module provides a standard output interface such that any downstream application can consume this data and build on top of it.
Benefits for App Developers: For developers, the THEIA platform is easy to use, where any App Developer, whether working independently or for an organization, company, or government, can leverage/use the platform with basic knowledge of analytics, coding, or python. The platform supports natural language coding, allowing developers to create applications (App) using everyday conversational language (natural language).
THEIA – is an ideal solution for organizations, companies, and governments prioritizing data security and autonomy. Perfect for those steering clear of third-party tech players. With THEIA, organizations can empower semi-skilled tech developers to craft applications using everyday conversational language. THEIA provides a secure environment for developing video streaming apps, keeping sensitive data under tight control. Enjoy swift and straightforward development and deployment for the organizations, coupled with continuous learning and upgrading capabilities. THEIA is key to enhanced application efficiency, providing a seamless and secure experience.
Benefits for Experts to monetise: For Experts (like Data scientists and Machine Learning (ML) experts), the THEIA allows them to create proprietary AI models effortlessly. These Experts can monetise by allowing App Developers from various sectors to build applications (Apps using their proprietary models.
The platform not only addresses the needs of App Developers (working with organisation/businesses) but also fosters collaboration between Experts and Developers, creating a dynamic ecosystem for Video AI innovation.
Six-week Red Teaming: Infibeam Avenues Ltd’s Phronetic.AI initiated a six-week open invitation for Red Teaming on its groundbreaking platform. This initiative invites App Developers and Experts to explore and utilize the platform, providing invaluable feedback that will contribute to its refinement and enhancement. The company expects to open the platform for organizational subscriptions by the end of the first quarter of the fiscal year 2024-25.
Mar 11, 2024 | Uncategorized
NTPC & NGEL signed two separate non-binding Memorandum of Understanding (MoU) with RVUNL on 10th March 2024, in a MoU signing ceremony at Chief Minister’s Office in Jaipur, Rajasthan.
The MoU between NTPC & RVUNL was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the Parties aim to implement measures to enhance efficiency and reduce the generation cost of the plant’s existing units. Furthermore, the MoU also includes the undertaking of 15 to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL by NTPC or its affiliates. The MoU was signed by Shri R Sarangapani, Executive Director, BD, IBD & Consultancy, NTPC and Shri Devender Shringi, Chairman and Managing Director, RVUNL.
The MoU between NGEL & RVUNL was signed for development of Renewable Energy Projects and Green Hydrogen Derivatives up to 25 GW and 1 million Ton capacities respectively in the State of Rajasthan. The MoU was signed by Shri Rajiv Gupta, Chief Executive Officer, NGEL and Shri Devender Shringi, Chairman and Managing Director, RVUNL.
The signing ceremony took place in the esteemed presence of Shri Bhajan Lal Sharma, Hon’ble Chief Minister of Rajasthan, Shri R K Singh, Hon’ble Minister of Power and New and Renewable Energy, Govt of India, Shri Pralhad Joshi, Hon’ble Minister of Coal & Mines, Govt of India (both connected virtually), Smt. Diya Kumari, Hon’ble Deputy Chief Minister of Rajasthan, Shri Heeralal Nagar, Hon’ble Minister of State for the Energy Department, Government of Rajasthan, Shri Amrit Lal Meena, Secretary Coal, Govt of India, Shri Sudhansh Panth, Chief Secretary of Rajasthan.
On behalf of NTPC Ltd, Shri Gurdeep Singh, Chairman and Managing Director, Shri D.K Patel, Director (HR) and Shri Vivek Gupta, Independent Director along with other senior officials, were also present to grace the occasion.
NTPC Limited is India’s largest integrated power utility having 75+ GW installed capacity that contributes 25% of total electricity demand in India. By 2032, NTPC is looking to expand its non-fossil based capacity to 45-50% of the company’s portfolio that will include 60 GW RE capacity with a total portfolio of 130 GW.
