Meta Partners With Government Of Telangana To Enhance e-Governance And Citizen Services Using AI Technologies

Advancing ongoing efforts to foster innovation in the field of Artificial Intelligence (AI), Meta today announced a two-year partnership with the Department of Information Technology, Electronics and Communications (IT, E&C), Government of Telangana. The strategic partnership will empower public officials and citizens with the latest emerging technologies like AI to enhance e-governance and citizen services.

Meta will collaborate with the Government of Telangana to enable deployment of e-governance solutions leveraging Meta’s open-source Generative AI technologies including the latest Llama 3.1 model. This will be geared towards transforming various aspects of public service delivery and e-governance, along with enhancing efficiency and productivity of government departments and agencies through the use of Gen AI.

Shivnath Thukral, Vice President and Head of Public Policy, Meta India said, “At Meta, we're committed to harnessing Generative AI's power for global good, ensuring equitable access to its benefits. By sharing openly available AI models, we're driving innovation and democratizing access. This mission converges with our dedication to e-governance, leveraging digital technologies to enhance government services, transparency, and citizen engagement in the state of Telangana. Together, AI and e-governance will foster a more efficient, accountable, and inclusive future, where technology empowers citizens and governments alike.”

This strategic partnership is aligned with Meta's open approach to AI innovation and Telangana's digital leadership, aiming to harness the potential of AI to drive social and economic opportunities in the state, while addressing unique local needs, and paving the way for groundbreaking solutions.

Meta’s leading open-source Llama ecosystem is growing rapidly. Llama models are approaching 350 million downloads to date, which is more than 10x downloads from last year. There’s a vibrant community of developers fine-tuning Llama for their own use cases in India and globally. This includes the likes of large enterprises like AT&T, DoorDash, Goldman Sachs, Nomura, Shopify, Spotify and Zoom, besides Infosys and KPMG using Llama internally. Open source AI enables customization and fine-tuning for specific domains, ensuring sensitive information remains confidential and secure.

About Meta:

Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.

MediJourn Marks Its 5th Anniversary With Rapid Network Expansion, Global Presence And Reaches Major Customer Milestone

• Expands Services to United Kingdom, Indonesia

• Adds Samitivej Hospital, Thailand & Apollo Ayurvaid to its List of Globally Renowned Hospital Partners among a Second Medical Opinion Service from Europe

MediJourn, a pioneering force in the medical value travel industry, has set ambitious growth targets to solidify its position as a global leader. By 2030, the company aims to serve 500,000 patients, expand its global footprint to 50+ countries and 25+ hospital chains.

With a proven track record of processing over 150,000 queries, MediJourn has rapidly emerged as one of the top 5 fastest-growing medical value travel companies worldwide. Currently, the company operates in 27+ countries through partnerships. Founded in 2019 by entrepreneurs Ishaan Dodhiwala and Shaaz Mehmood, MediJourn has achieved significant growth and profitability through its innovative approach to medical travel.

Ishaan Dodhiwala, Co-founder of MediJourn, expressed his excitement about the company's milestones: "Our commitment extends beyond borders as we strive to redefine the medical travel experience. By leveraging technology, collaborating with expert doctors at renowned hospitals, providing compassionate care, and adhering to the highest standards of excellence, we aim to revolutionize accessible healthcare worldwide."

MediJourn's success is attributed to its structured approach to the rapidly growing medical travel segment, fostering trust among customers and healthcare providers. The company's focus on enabling hassle-free access to top-notch healthcare delivery for global customers has strengthened its position as a reliable medical value travel partner.

The recent launch of full-fledged United Kingdom & Indonesian operations has expanded MediJourn's global presence, allowing for deeper market penetration and network development. Additionally, the company plans to establish 20+ clinics and referral centres by 2030.

MediJourn has already forged partnerships with renowned hospital such as Samitivej Hospitals, a leading name in Thailand, in providing speciality treatments such as – BMT, Colorectal Cancer, Knee Replacement Surgery, Coronary Artery Bypass Grafting (CABG), Craniotomy (Brain Surgery), Pediatric Liver Transplantation. It has also started a second medical opinion service from doctors from Europe. It is also delved into traditional medicine and partnered with Apollo Ayurvaid, 6+ branches. These strategic alliances solidify MediJourn's position in the South Asian market, a region with significant growth potential.

MediJourn's success is driven by its customer-centric approach, innovative processes, and simplified access to healthcare. The company's streamlined medical travel experience, from initial consultation to post-treatment follow-ups, ensures patient satisfaction and loyalty. By continuously enhancing its services and expanding its network, MediJourn aims to be at the forefront of the industry in terms of patient satisfaction, healthcare quality, and global reach.

Since its inception, MediJourn has played a pivotal role in organizing the medical value travel industry in India, transforming how patients access healthcare services across borders. The company's commitment to providing a seamless, transparent, and trustworthy experience has made healthcare more accessible and efficient for thousands of patients.

MediJourn's comprehensive service model includes personalized care plans, logistical support, and direct access to leading healthcare providers, ensuring that every patient's journey is managed with the utmost care and professionalism.

The company's ongoing expansion efforts are focused on building a robust network of partnerships with hospitals and healthcare providers worldwide. By increasing its reach and capabilities, MediJourn is enhancing its ability to offer specialized and high-quality medical treatments to a broader range of patients. These strengthened relationships not only improve patient care but also solidify MediJourn's reputation as a trusted facilitator of international healthcare.

FADA Releases Aug'24 Vehicle Retail Data For The State Of Karnataka

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for Aug'24 for the State of Karnataka.

Aug'24 Retails

Commenting on how Aug'24 performed, FADA Karnataka State Chairperson, Mr Dharma Teja G said, “The sales for the month of August 24 has seen a positive trend YOY. However, this was on the back of reduced foot falls due to heavy rains in several pockets of the state. The higher inventory levels are a cause of concern for the dealer fraternity across the different categories. The dealers are hoping for a strong beginning to the festive season which might help reducing the inventory to a healthy level.”

Indian Immunologicals Limited Unveils Pediatric Dose Of Indigenous Hepatitis A Vaccine, Havisure, On Teachers' Day

On the auspicious occasion of Teachers' Day, Indian Immunologicals Limited (IIL) proudly announced the launch of its latest breakthrough: the pediatric dose of India's first indigenous Hepatitis A vaccine, Havisure (0.5 ml).

This launch marks a significant milestone in IIL's ongoing commitment to providing affordable and effective vaccines for all, especially for the most vulnerable sections of society, particularly children.

Hepatitis A is a highly contagious liver infection caused by the Hepatitis A virus, which predominantly affects children and can lead to severe health complications. Vaccination is the most cost effective yet efficient method to prevent the disease.

Addressing on the occasion, Dr. K. Anand Kumar, Managing Director of Indian Immunologicals Limited, said, "We are delighted to introduce the pediatric dose of Havisure, the first indigenously developed Hepatitis A vaccine in India. IIL is the single largest contributor to the self-sufficiency of vaccines in the country, this launch is a testament to IIL's unwavering dedication to innovation and public health. As we celebrate Teachers' Day, we are reminded of shaping a brighter future for children. We are confident that this vaccine will contribute to a brighter and healthier future for our younger generation. IIL’s endeavor to make indigenous vaccines will give necessary impetus to “Make in India” efforts.”

In line with its commitment to public health and social responsibility, IIL marked this significant launch with a series of community-focused activities. IIL organized free Hepatitis A vaccination drives for children in two orphanages in Hyderabad to start with, which includes one specifically for blind children. IIL also conducted a health awareness session at an old age home, and these are continuous efforts towards creating awareness and better health for the community at large.

The launch of Havisure reinforces IIL's long-standing commitment to innovation and public health, solidifying its position as the only company in India to develop an indigenous Hepatitis A vaccine, available in both 0.5 ml and 1 ml dosage forms for pediatric and adult use, respectively.

byteXL Partners With Microsoft To Launch B. Tech In Computer Science - AI And Machine Learning Apecialization at Universities

* B. Tech CSE specialization in AIML designed to help students become industry leaders

* Tech giant Microsoft to act as knowledge partner

* Guaranteed placement and paid internship opportunities offered as part of this partnership.

byteXL, a leading EdTech platform in India dedicated to revolutionizing engineering education and IT skilling has partnered with Microsoft for the launch of B.Tech in Computer Science - Artificial Intelligence and Machine Learning specialization at ten premier Universities across India that include Lovely Professional University, Parul University, Chandigarh University, GLA University and Rayat Bahra University.

In this strategic partnership with the universities, byteXL will be acting as an executing agency for the program and will be deploying Microsoft-Certified trainers to deliver the syllabus at the campus. During the course period, students will work on the latest tools and technologies in Artificial Intelligence and Machine Learning and will receive Microsoft certificates as a part of their regular syllabus. Tech giant Microsoft is the knowledge partner for this specialization and apart from Microsoft certifications, students will receive a paid internship during the course period and guaranteed placements with above the average industry placement offers.  

Speaking about these partnerships with the Universities, Mr. Karun Tadepalli, CEO and Co-Founder, byteXL said, “Introduction of Artificial Intelligence and Machine Learning not only make the engineering students industry ready but also help them compete for global opportunities. During this specialization course of four years in AI and ML, we will ensure that the students are exposed to the latest trends and technologies that are shaping the future of global technologies. This course will help in reducing the gap between engineering education and industry requirement and make the students industry leaders.”

Speaking on this occasion Mr. Sami Anand, Associate Dean and Head of Department Training and Placement, CSE and IT, Lovely Professional University said, "We are thrilled to partner with Microsoft and byteXL in this transformative initiative to advance education in Artificial Intelligence and Machine Learning. This partnership is committed to empower students with cutting-edge skills and industry-relevant certifications, ensuring that they are well-prepared for the evolving demands of the tech industry."

Adding to the partnership Mr. Santosh Nair, Sr. Director, Parul University has expressed his views; "Our collaboration with Microsoft and byteXL marks a significant milestone in our mission to revolutionize engineering education and IT skilling in India. By combining byteXL's educational expertise with Microsoft's technology leadership, we aim to provide students with unparalleled opportunities for learning and career advancement in Artificial Intelligence and Machine Learning."

Capri Loans Unveils “Data Genie AI To Revolutionize Data Management And Drive Real-Time Insights”

* Leveraging AI to Enhance Data Management and Accelerate Customer-Centric Decisions

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, proudly announces the launch of “Data Genie”, an AI-powered tool that promises to transform data management across the organization. This innovative technology is designed to simplify complex data operations, streamline decision-making processes, and enhance operational efficiency, reinforcing Capri Loans' dedication to delivering superior customer experiences through cutting-edge solutions.

Developed in-house, Data Genie empowers users to ask any data-related question via a user-friendly search interface, generating actionable insights in real-time. The AI-driven tool automatically writes and executes code in seconds, transforming raw data into visually rich reports and dashboards. This significantly reduces the time needed for data interpretation and fastens the decision-making process across departments.

Data Genie enables faster, more accurate insights, paving the way for quicker, data-driven decisions. By automating data retrieval and minimizing paperwork, it simplifies processes, ensuring a seamless experience.

Speaking on the launch, Ms. Divya, Director of Strategy at Capri Loans, commented: "We are thrilled to introduce Data Genie, an entirely in-house development that underscores our commitment to innovation. This is a pivotal step in our long-term strategy to integrate advanced technology and improve operations through proprietary solutions tailored to our needs. By investing in top-tier talent and prioritizing innovation, we aim to enhance customer experience and drive superior service for our clients."

In today’s fast-paced, data-centric environment, rapid access to accurate insights is paramount. Data Genie not only enhances Capri Loans’ internal operations but also reinforces the company’s mission to provide state-of-the-art solutions that meet the evolving demands of its customers.

The Federation of Automobile Dealers Associations (FADA) Released Vehicle Retail Data For Aug'24

The Federation of Automobile Dealers Associations (FADA) today released Vehicle Retail Data for Aug'24.

Aug’24 Retails

FADA President, Mr. Manish Raj Singhania, commented on the auto retail performance for August 2024, stating, “In August, India witnessed 15.9% excess rainfall across the country, with northwest India seeing a surplus of 31.4%, 7.2% in the east and northeast, 17.2% in central India and a minor deficiency of 1.3% in the peninsular region. This monsoon season brought unpredictable weather, starting with extreme heat waves which delayed monsoon and transitioned into heavy rainfall, leading to flood-like conditions in several areas.

These weather anomalies have had a direct impact on India's auto retail market, which registered a modest YoY growth of just 2.88% in August. While the two-wheeler (2W) and three-wheeler (3W) segments managed to post growth at 6.28% and 1.63%, respectively, other categories faced significant setbacks. Passenger vehicle (PV) sales declined by 4.53%, tractor sales dropped by 11.39% and commercial vehicles (CV) saw a 6.05% drop, underscoring the challenges the industry is grappling with, due to these volatile conditions.

The 2W market saw a MoM decline of 7.29%, largely due to excessive rains and flooding, which disrupted demand across various regions. Many customers postponed their purchases, anticipating new product launches, while others deferred due to market saturation and changing preferences. Limited marketing efforts from OEMs and subdued market sentiment further impacted sales. Despite these headwinds, the 2W segment grew by 6.28% YoY, thanks to improved stock availability and the onset of the festive season. Our retail strength index also indicates that rural sentiments remained strong on a YoY basis.

FADA is raising SOS signals as PV sales fell by 3.46% MoM and 4.53% YoY. Even with the arrival of the festive season, the market remains under significant strain due to delayed customer purchases, poor consumer sentiment and persistent heavy rains. Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs.77,800 crore. Rather than responding to the situation, PV OEMs continue to increase dispatches to dealers on a MoM basis, further exacerbating the issue.

FADA urgently calls upon all Banks and NBFCs to intervene and immediately control funding to dealers with excessive inventory. Dealers must also act swiftly to stop taking on additional stock to protect their financial health. OEMs, too, must recalibrate their supply strategies without delay, or the industry faces a potential crisis from this inventory overload. If this aggressive push of excess stock continues unchecked, the auto retail ecosystem could face severe disruption.

Commercial vehicle sales experienced a sharp drop, with an 8.5% MoM decline and a 6.05% YoY fall. Members have pointed to key challenges, such as heavy rains, floods and landslides, which have severely impacted market activity. Additionally, reduced construction activity and sluggish demand in industrial sectors have further strained sales. The CV segment continues to struggle, facing pressure from steep discounting by competitors, which has only intensified the decline. Weak sentiment, coupled with inventory and cash flow challenges, continues to affect the industry overall.”

Near-Term Outlook

As we approach the festive season, there are several challenges that could impact auto sales in the near term. India experienced 16% above-normal rainfall in August, with additional rainfall forecasted for September, according to the IMD. This excessive rainfall poses a significant risk to crops nearing harvest, particularly those planted in late June with a 75 to 90 days maturity cycle. Continued heavy rains could negatively affect rural sales, as reduced agricultural output may lead to diminished purchasing power.

Additionally, the Shraddh period in September, regarded as an inauspicious time for purchases, is expected to pause sales for some time. In the CV segment, sluggish construction activity, liquidity issues and weather-related disruptions are likely to suppress demand further. Aggressive discounting practices continue to pressure dealers, leading to reduced profitability and a generally cautious market sentiment.

On the positive side, the upcoming festivals, such as Ganesh Chaturthi, Onam and Navratri, are expected to boost consumer sentiment, especially in urban areas. Moreover, favourable rainfall in certain regions has improved agricultural prospects, which could enhance purchasing power in rural areas as the monsoon subsides. In the CV segment, increasing demand for iron ore, steel transport, and tippers offers a potential lift, supported by new model launches and marketing efforts from OEMs.

Given these factors, FADA remains cautiously optimistic about the near-term outlook. While the festive season and improved rural demand present promising opportunities for growth, ongoing weather uncertainties and high inventory levels may temper the overall recovery. To navigate these challenges, strategic inventory management and targeted marketing initiatives will be crucial in maximizing festive sales and mitigating risks from adverse weather conditions.