National Scientists Highlight The Critical Need For Transparency And Accuracy In Artificial Intelligence (AI) At The 1st NSRTC 2024

MIT World Peace University (MIT-WPU) announces the successful conclusion of the 1st National Scientists Round Table Conference (NSRTC 2024). The conference, themed “Science and Technology for Viksit Bharat 2047,” brought together esteemed dignitaries, scholars, and visionaries to discuss pivotal themes shaping India’s scientific future.

The three-day conference brought together top academicians, scientists, researchers, and scholars. The focus was on exchanging insights and research across Physical Sciences, Life Sciences, and Engineering & Technology. NSRTC 2024 highlighted key topics such as Artificial Intelligence, Quantum Technology, Science & Spirituality, Sustainability, Healthcare and World Peace. The event aimed to spark innovative ideas, especially among young researchers, and promote interdisciplinary and global collaborations for new discoveries and sustainable development.

Dr. Sujata Chaklanobis, Former Advisor/Scientist G, DSIR, New Delhi, was the Chief Guest at the Valedictory function of NSRTC-24. Distinguished attendees included Hon’ble Padma Vibhushan Dr. R. A. Mashelkar, Mr. Ganpati Yadav, Former Vice-Chancellor of the Institute of Chemical Technology; Padma Bhushan Dr. Vijay Bhatkar, Founder Director of C-DAC, Pune; UNESCO Chair Holder Prof. Dr. Vishwanath D. Karad, Founder President of MIT-WPU; Shri. Rahul V. Karad, Executive President of  MIT-WPU, Dr. Sunil S Bhagwat, Director, Indian Insititute of Science Education and Research, Pune and NSRTC National Convener Prof. Dr. Milind Pande and Prof. Dr. Bharat B. Kale.

Dr. Sasikumar M. Executive Director, C-DAC, Mumbai said "The successful conclusion of the 1st National Scientists Round Table Conference (NSRTC 2024) represents a significant milestone for science and technology in India. Our discussions on Artificial Intelligence revealed both its vast potential and the challenges it presents. While AI holds great promise, it must be approached with caution, ensuring accuracy and transparency to avoid biases. This conference has fostered valuable interdisciplinary collaboration and set a new benchmark for advancing our vision of a sustainable, equitable future. I am immensely proud of what we have achieved and excited about the path ahead."

Dr. Sujata Chaklanobis, Former Advisor/Scientist G, DSIR, New Delhi, and Chief Guest at the Valedictory function of NSRTC-24, emphasized the vision of Vikasit Bharat @2047. She highlighted that this dream can be achieved through science and technology interventions, urging scientists and young scholars to engage in cutting-edge research to address the nation's challenges. She congratulated MIT-WPU for organizing the NSRTC 2024, where the nation's brightest minds deliberated on crucial topics.

UNESCO Chair Holder Revered Prof. Dr. Vishwanath D. Karad, Founder President of MIT-WPU said, “Over the past three days, we have witnessed remarkable exchanges of ideas and groundbreaking discussions on the future of science and technology. The convergence of eminent scientists, researchers, and visionaries at MIT-WPU underscores our collective commitment to fostering innovation and interdisciplinary collaboration. As we strive to build a sustainable and equitable future, NSRTC 2024 has truly exemplified the spirit of scientific exploration and the pursuit of excellence, setting a precedent for future endeavours in advancing frontier technologies for the betterment of society.”

Shri. Rahul V. Karad - Executive President, MIT-WPU “At MIT-WPU, we believe in the transformative power of education and research, and this conference exemplifies our dedication to addressing critical issues such as healthcare, climate change, and digital transformation. We are honored to have hosted such a distinguished panel of experts and are excited about the breakthroughs and new ideas that have emerged from this event. The successful conclusion of the 1st NSRTC at MIT-WPU is a testament to our unwavering commitment to fostering scientific excellence and innovation. This event has inspired collaboration and dialogue among leading scientists and researchers, propelling us towards our vision for Viksit Bharat 2047. "

The conference was organized around eight key themes: Artificial Intelligence, addressing ethical frameworks, regulations, AI for social good and healthcare, and future job impacts; Biotechnology, focusing on synthetic biology, bioinformatics, biomedical devices, biopharmaceuticals, and bio-manufacturing; Digital Transformations, covering grid technology, quantum computing, blockchain, cybersecurity, and digital inclusion; Advanced Materials and Processing, including nanomaterials, organic electronics, biomimetic designs, sustainable materials, and 3D printing; Healthcare, exploring tissue engineering, regenerative medicine, wearable devices, and affordable high-tech healthcare; Science, Scientific Temper & Spirituality, examining the role of scientific temper, brain-mind-consciousness relationship, and spiritual practices; Agri-Tech, focusing on precision agriculture, genetic engineering, climate-smart agriculture, urban farming, and agritech startups; and Climate Change, addressing climate modeling, the circular economy, sustainable mobility, green buildings, and managing transitions.

NSRTC 2024 witnessed the presence of prominent 130 scientists from across the country and notable figures, including Dr. Ashok Joshi, Padmashri Dr. Thallapai Pradip, Prof. Dr. M.S. Ramachandra Rao, Dr. Richard Lobo, Prof. Dr. Ajit Kulkarni, Dr. Umesh Waghmore, Dr. Dipankar Das Sharma, Dr. Dinesh Aswal, Dr. Tata A. Rao, Dr. Bhushan Patwardhan, Prof. Anil Sahasrabuddhe, Dr. Niraj Khare, Dr. K. Sami Reddy, Dr. Atul Verma, Dr. Ashok Khandkar from the USA, Dr. Sumitra, ISRO scientist Dr. Ilangovan, Prof. Krupanidhi of IAS Bangalore, Prof. Anik Kumar, ICER Director Ashok Ganguly, Dr. Rajat Mona, Prof. Das Gupta, Dr. Nag Hanumaiah, Sameer Director Hanmantrao, Sydney University Prof. Dr. Kautubh Dalal and Purdue University Prof. Sachin Pol.

Nuvoco Vistas Introduces India’s First Ever “Hydrophobic Concrete - Concreto Uno” With Innovative Damp Lock Formula

Nuvoco Vistas Corp. Ltd., India's fifth-largest cement group, launched Concreto Uno - Hydrophobic Concrete, a breakthrough in the building materials industry. With its advanced hydrophobic properties combined with the innovative Damp-lock Formula, this unique concrete redefines construction standards.

Concreto Uno – Hydrophobic Concrete features a unique blend of admixtures and a specialized mix design that prevents the formation of capillaries within the concrete, resulting in significantly lower permeability compared to standard-grade concrete. This waterproof concrete enhances the overall strength and durability of structures, significantly extending their lifespan.

In addition, Concreto Uno's Damplock formula reduces costs in construction projects by minimizing the need for costly waterproofing membranes and coatings. Furthermore, it prevents dampness, which preserves the aesthetic quality of buildings. This product is ideal for structural consultants, architects, contractors, engineers, and project management companies (PMCs). It is widely available across India through Nuvoco’s RMX plants.

Prashant Jha, Chief Ready-Mix Concrete and Modern Building Materials Officer, Nuvoco Vistas Corp Ltd., said, “Concreto Uno Hydrophobic Concrete is a game-changing hydrophobic concrete in the building materials industry. This means lower maintenance costs and greater peace of mind for our customers since their investments are better protected against water damage, enhancing the longevity and aesthetic appeal of structures. Also, this is a step toward sustainable building practices, making structures capable of withstanding harsh weather conditions.

Chirag Shah, Head of Marketing, Innovation and Sales Excellence, Nuvoco Vistas Corp. Ltd., stated: Concreto Uno Hydrophobic Concrete is a testament to our drive for innovation and excellence in building materials. By integrating cutting-edge hydrophobic technology with Damp-lock Formula, we are not only addressing the challenges of water permeability but also elevating construction standards. We are excited to bring this revolutionary concrete to the market, reaffirming our leadership in the industry.”

NPST Q1 FY 25 Results: Net Profit Surges By 202%, Marking Best-Ever Quarterly Performance

NPST, a leading provider of digital banking and payment technology solutions provider, listed on the NSE SME exchange, has reported its strongest-ever quarterly performance in Q1 FY 2025, with a 202.96% growth in net profit and a 142.2% increase in net revenue.

Performance Snapshot

·     The company achieved a record quarterly revenue of Rs 60 crore, marking a 34.5% sequential growth and a 142.2% increase compared to the same quarter last year.

·     NPST achieved 46% of FY24's total income in Q1 FY25, setting a solid foundation for the rest of the fiscal year.

·     Profit Before Tax (PBT) jumped to Rs 21 crore, up from Rs 6.2 crore in the previous year, an impressive 238.7% increase.

·     The company’s net profit recorded a 202.96% growth, reaching Rs 15.62 crore from Rs 5.15 crore.

·     The company's Q1 FY25 net profit reached 58% of the total net profit for FY24, setting a new benchmark and indicating a promising future outlook.

·     This is the highest quarterly performance since its listing on NSE in August 2021.

NPST attributes its substantial topline growth to the growing demand for efficient digital payment operating models, such as Payments Platform as a Service (PPaaS) among Payment Aggregators, Payment Gateways, and Merchants. The operationalization of key customer accounts, infrastructure upgrades to manage increased transaction volumes, and improved delivery execution within the Technology Service Provider (TSP) business that caters to banks were also instrumental in this growth.

Commenting on the results Ashish Aggarwal, Co-Founder and Joint Managing Director NPST, stated; "We are proud to announce a record-setting performance for Q1 FY 2025, demonstrating robust increases in both revenue and profit, even as we scale our strategic growth investments. Our business strategy over the last three years is producing results, and we remain dedicated to maintaining this momentum by continually focusing on building a reliable, efficient, and resilient organization."

Commenting on the results, Deepak Chand Thakur, Co-Founder and CEO  NPST, stated;  "We are off to an exceptional start in FY 2025, marking our tenth consecutive quarter of growth since the company’s listing. The positive momentum, particularly within our Payment Platform-as-a-Service (PPaaS) segment, is very encouraging. The new customer acquisitions and ramp-up in deals we've discussed in previous quarters are now positively impacting our revenues. We see substantial growth opportunities across our PPaaS and Technology Service Provider business segments. Moving forward, we remain committed to enhancing our unique business model, strengthening strategic customer engagement, and preparing for future readiness."

NPST plans to raise fresh capital through a Qualified Institutional Placement (QIP). The funds will support investments in new-age technology, market diversification, and scaling organizational capabilities, aligned with the company's vision to be among the top players in the Indian digital payments industry.

To scale growth NPST is creating a balanced mix of commercial and tech leadership, aimed at enhancing both strategic agility and operational excellence. During the quarter, NPST significantly strengthened its talent pool by adding senior-level sales professionals and other resources.  

About NPST

Incorporated in 2013, NPST is a leading fintech firm in India, part of the Make in India initiative and listed on the NSE Small and Medium Exchange. We specialize in UPI payments and digital banking and operate as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaS). Our solutions include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and compliance technology.

NPST’s mission is to deliver financial technology solutions across the financial value chain — serving banks, fintechs, and other industry players — and to drive the growth of the digital payments ecosystem. NPST supports over 100+ customers, and processes 60+ million transactions daily, advancing businesses, individuals, communities, and economies through its innovative solutions.  For FY24, the Company has reported Total Revenues of Rs  130.08 Cr with 216% YoY growth with EBITDA of  Rs 43.70 Cr with 253% YoY growth & Net Profit of Rs  26.71 Cr with 310% YoY growth. 

For details, please visit www.npstx.com

IDBI Bank Limited Reports 40% Rise In Profits On YoY Basis

* Net Profit surges to Rs 1,719 crore, registering a growth of 40% YoY and 6% QoQ

* Gross NPA down to 3.87%, YoY reduction by 118 bps

* Net NPA down to 0.23%, YoY reduction by 21 bps

* Provision Coverage Ratio (PCR) at 99.34%

* CRAR at 22.42%

*CASA ratio at 48.57%

IDBI Bank today, announced its quarterly results for Q1 FY25. The Net Profit stood at Rs 1,719 crore for Q1 FY25, registering a strong growth of 40% YoY. The operating profit stood at Rs 2,076 crore. NIM was recorded at 4.18% and Net Interest Income stood at Rs 3,233 crore in Q1-2025 as against Rs 3,998 crore in Q1-2024. Cost of Deposit stood at 4.58% in Q1-2025 as compared to 4.12% in Q1-2024. CRAR stood at 22.42% with YoY growth of 209 bps. Return on Assets (ROA) at 1.83%, YoY growth of 34 bps and Return on Equity (ROE) at 19.87%, YoY growth of 123 bps. Net NPA at 0.23% as against 0.44% as on June 30, 2023 and Gross NPA at 3.87% as against 5.05% as on June 30, 2023.

Viiva Expands Its Smart Electromagnetic Invigorator Footprint In India, Launches Groundbreaking Terahertz Technology

* Opens its first Experience Center in Bengaluru.

Viiva India is proud to announce the launch of a new Viiva Experience Centre (EC)  in Bengaluru and the unveiling of India's first Terahertz technology, Viiva Discovery Station (VDS). As part of its expansion strategy to enhance its direct-to-consumer presence nationwide. The newly launched EC, situated in HSR Layout 8, Ground floor, service road, sector 6, HSR Layout, Bengaluru – 560 102 landmark: near the HSR BDA office.

The Viiva Experience Centers are specially designed to offer customers a comprehensive range of services under one roof. This landmark launch event marks the introduction of innovative Terahertz frequency technology, which promises miraculous health benefits and is set to revolutionize the health and wellness sector in India and globally.

Viiva's magical products, such as the V-Power and Smart Electromagnetic Invigorator, are designed to enhance health and wellness. These groundbreaking products will be available for an exclusive experience at the newly inaugurated Viiva Discovery Station.

Mr. Bryann Pillay - Co-founder (of Viiva India),  Mr. Willam Lung – Vice chairman, of Viiva India,  Ms. Cindie –president of Indian operations, and Mr. Steve Martin- Head of sales and marketing were well attended the event.

Addressing the media Mr. Darshan Chudgar – Founder of Viiva India, said “This momentous occasion and witness firsthand the revolutionary technology that Viiva is bringing to India. Experience the transformative power of Terahertz frequency and discover how Viiva's innovative products can change health and wellness in India”.

About Viiva:

Viiva® stands as a beacon of innovation, merging cutting-edge technology, extensive clinical expertise, and robust business acumen to deliver dynamic health solutions and foster entrepreneurial endeavors on a global scale. Viiva's commitment to excellence and innovation is reflected in its groundbreaking products and initiatives, setting new standards in

Future medicine will be medicine of frequencies   – Albert Einstein. 

VIT Bangalore Launches ‘Data Science And AI Programme’ Empowering The Next Generation Of AI-Powered Data Scientists

* The programme integrates open source libraries such as Pandas, Matplotlib as well as Gen AI modules equipping early and mid-professionals with comprehensive understanding of AI and data science

The growing demand for AI-driven decision-making across industries underscores the rising demand for skilled professionals who can transform raw data into actionable insights. However, there's a substantial 51% disparity in between the demand and supply of AI/ machine learning (ML) BDA tech talent in India as highlighted by NASSCOM’s State of Data Science & AI Skills in India report. Acknowledging the need to bridge this gap, Vellore Institute of Technology (VIT), Bangalore has announced the launch of its Data Science and AI programme.

The 16-week online Data Science and AI Programme is specifically curated for early professionals seeking a solid understanding of Python, data science, and foundational knowledge of machine learning and generative AI applications. It also caters to mid-managers looking to apply these concepts to data science, machine learning, and generative AI projects, equipping them with the skills needed to excel in a rapidly evolving digital landscape.

VIT has introduced this programme to equip learners with the essential skills required to become an AI-powered data scientist. Through the integration of open sources libraries like Pandas and Matplotlib in the curriculum, participants will master Python, industry-standard language and will gain expertise in leveraging AI techniques. The machine learning algorithms will enable them to tackle real-world challenges and unlock the hidden potential of data. By bridging the gap between data analysis and intelligent decision-making, VIT empowers professionals to excel in the rapidly evolving digital landscape.

According to the report by Analytics and Data Science Jobs in India report, 2023, jobs for data science professionals with two to five years of experience grew by 34%. Another report by Grand View Research, 2023 highlights that the global AI market is expected to reach a staggering by 2030, fuelling a surge in data science jobs. These data rightly emphasise the need for advanced courses like VIT Bangalore's Data Science and AI Programme. It offers a unique blend of theoretical knowledge and practical application, focusing on industry-relevant skills, tools and real-world challenges. By integrating real-time industry relevant tools, the programme ensures that learners are well-equipped to meet the evolving needs of the data science and AI landscape, empowering them to become leaders in this dynamic field.

The VIT Bangalore’s Data Science and AI Programme includes in-depth exploration of ML algorithms, including supervised and unsupervised learning, as well as time series analysis. Delivered by VIT Bangalore’s renowned faculty expert in Data Science, ML & AI, the programme offers recorded as well as live sessions and an industry-tailored curriculum. It also features hands-on Jupyter notebook exercises, real-world case studies for Python-based data science exploration, as well as live interactive masterclasses for Generative AI and other modules to help learners understand concepts effectively. Moreover, the programme comes at a cost-effective price point, making quality education more accessible to a wider audience. The programme includes modules such as popular data science packages in python, data visualisation with Matplotlib, and intro to machine learning and python libraries, alongside GenAI modules such as foundations, Python implementation, data science applications and synthetic data creation among others.

Through this programme, participants will be able to:

·         Get an overall understanding of the Python language and its applications in data science and ML

·         Learn how to manipulate and visualise data to generate insights

·         Dive into Machine Learning techniques and discuss applications of ML tools and frameworks

·         Get a functional knowhow of how to apply tools and frameworks to real-life examples across industries

·         Dive into live sessions on Generative AI, covering foundational concepts, hands-on implementation, and practical applications. Learn about GANs, VAEs, and synthetic data creation to enhance your data science skills and career prospects

·         Gain hands-on experience with live sessions on Python functions, data science packages, data analysis, visualisation, data cleaning, and EDA with linear algebra

The ‘Data Science and AI Programme’ will commence on 30 September 2024, with a fee of INR 50,000 plus applicable taxes. Upon successful completion of the programme with a minimum grading of 70%, participants will be awarded a certificate of completion from VIT Bangalore. Visit the programme page for more details.

MediaMint Appoints Industry Veteran Rajeev Butani As Chief Executive Officer

* Co-Founder and Former CEO Aditya Vuchi Continues Support of the Company as a Member of MediaMint’s Board of Directors

MediaMint, a global AI-powered revenue and media operations services provider backed by Everstone Capital and Recognize, today announced the appointment of Rajeev Butani as Chief Executive Officer. Mr. Butani replaces current CEO and co-founder Aditya Vuchi, who will continue to support MediaMint as a member of the company’s Board of Directors.

“As we continue to accelerate innovation and revenue realization for businesses worldwide, we are excited to have Rajeev serve as CEO to guide us through the next phase of MediaMint’s expansion,” said Mr. Vuchi, who served as MediaMint’s CEO for the previous 14 years. “Rajeev has served as Executive Chairman of the company and understands our business and culture and we look forward to his collaboration with MediaMint leadership, employees, and customers to build on our past successes.”

Prior to joining MediaMint in 2023 as Executive Chairman, Mr. Butani served with Accenture for more than 25 years, most recently as the Senior Managing Director and Group Technology Officer for Accenture’s Communications, Media, and Technology Operating Group globally. He also served on Accenture’s Global Leadership Counsel.

“Rajeev is the right person to help drive adoption of MediaMint’s next generation services and going forward to help us identify acquisitions that will complement MediaMint’s vision of an AI-powered platform of services,” said Avnish Mehra, Vice Chairman, Private Equity at Everstone Capital, and David Wasserman, Co-Founder and Managing Partner at Recognize. “We are delighted to have Aditya’s full support in this transition and look forward to Rajeev’s stewardship as we expand MediaMint’s global business.”

With 2,000 employees across offices in San Francisco, New York, Hyderabad, and Krakow, MediaMint delivers operational support for digital marketing, including ad operations, creative services, and customer services. The company serves over 100 global customers, including prominent digital marketing platforms, publishers, and agencies. The digital marketing landscape is growing, driven by the proliferation of digital channels and creator platforms, enhanced data capabilities, and the increasing popularity of user generated digital content. As more businesses venture into digital advertising, MediaMint is strategically positioned to optimize advertising performance and reduce operational costs associated with establishing digital ad platforms, managing ad operations, and refining ad creatives.