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IIIT-Delhi Leads EU-Funded Robotics Training Initiative to Advance Indian Education

Indraprastha Institute of Information Technology, Delhi (IIIT-Delhi), under the EU-funded IRASHUB project, has spearheaded a collaborative effort to enhance robotics education and research in India. Led by Principal Investigator Dr. Jainendra Shukla, Ph.D., Assistant Professor at IIIT-Delhi, this initiative included nine esteemed faculty members from IIIT-Delhi, IIIT Allahabad, and IIIT Hyderabad who participated in a rigorous two-week robotics training program.

The training took place at Università degli Studi di Genova, Italy, and Warsaw University of Technology, Poland, from June 10-21, 2024. Dr. Sanat K. Biswas and Dr. Kalpana Shankhwar from IIIT-Delhi were among the participants. The sessions at the University of Genoa, coordinated by Prof. Fulvio Mastrogiovanni and Prof. Enrico Simetti, covered essential aspects of robotics, such as manipulation modeling, kinematics, dynamics, control, gesture-based robot control, and task motion planning. These areas are critical for the development of advanced robotic systems capable of complex tasks and enhanced human-robot interaction.

At Warsaw University of Technology, the training, hosted by Prof. Teresa Zielinska and Prof. Cezary Zieliński, focused on mobile robotics, robot programming methods, and agent-based robotics systems. These sessions emphasized the creation of autonomous robots that operate efficiently in dynamic environments and collaborate effectively.

Prof. Ranjan Bose, Director of IIIT-Delhi, highlighted the potential of robotics in India, stating, “Robotics holds immense potential for driving innovation and solving real-world challenges in India. This event has been incredibly beneficial in equipping our faculty with the necessary skills and knowledge to lead this transformative journey. We are grateful to our European partners for their support and collaboration in making this training programme a success.”

The training has significantly enhanced the participating faculty’s expertise and laid the foundation for a world-class robotics training program in India. The IRASHUB project aims to emulate successful European models like EMARO and JEMARO, adapting them to the Indian context.

Dr. Jainendra Shukla expressed enthusiasm, saying, “It was an amazing experience to witness the wonderful training facilities and infrastructure available at both partner universities. This exposure has motivated us to develop cutting-edge robotics training programmes in India, leveraging the insights and methodologies we have gained from our esteemed European counterparts. I invite stakeholders from various domains across India to collaborate with us in making India a global leader in robotics.”

The IRASHUB project, supported by 10 partners from five countries, including eight HEIs and one industry partner, aims to advance robotics training and research over 36 months with a budget of 7,97,785 Euros. It represents a significant step forward in enhancing robotics education and research capabilities in India.

The next phase of training will take place at URV, Spain, focusing on Perception and Manipulation, and at TUC, Greece, concentrating on Robot Design and Development. Additionally, the project includes the establishment of three RAS hubs at IIIT-Delhi, IIIT-Hyderabad, and IIIT-Allahabad, equipped with state-of-the-art software and hardware facilities for world-class robotics training.

EleFant Secures $750K in Seed Funding Round

EleFant, a mobile app-based toy library, has successfully raised Rs 6 crore (approximately $750,000) in its seed funding round. The round was co-led by Venture Catalysts and Malpani Ventures, with significant contributions from several prominent investors and family offices.

Notable participants in the funding round included Sudhakar Pai, Managing Director of Kurlon Industries, Jyothi Pradhan, CEO of Kurlon Family Office, Agre Global FZE, Growth 91/Growth Sense, IVY Growth, and Serious One Capital.

EleFant announced that the funds will be utilized to enhance its supply chain, aiming to reduce delivery times and costs. Additionally, the company plans to invest in data analytics to better understand and serve its customer base.

Founded by Sourabh Jain, EleFant provides a vast selection of toys and books for children aged 0-12 years, featuring over 600 options from more than 70 top brands. In just under 10 months since its launch, EleFant has attracted over 13,000 registered users and 1,000 fully paid subscribers.

EleFant’s innovative Librarian Model empowers home-based women entrepreneurs, with over 52 librarian centers across India. These librarians manage toy inventories and facilitate exchanges within their communities, earning a fixed income while promoting sustainable play and serving as brand ambassadors.

The Ministry of Rural Development & Ministry of Micro, Small and Medium Enterprises join hands to boost SHG women enterprises

The Union Ministry of Rural Development (MoRD) and Union Ministry of Micro, Small and Medium Enterprises (MoMSME), today in the spirit of a whole-of-government approach, signed a Statement of Intent (SoI) to collaborate on formalizing and strengthening Self Help Group (SHG) women-led rural enterprises through MoMSME’s flagship schemes.

The SoI was signed by Ms. Swati Sharma, Joint Secretary of Ministry of Rural Development, and Ms. Mercy Epao, Joint Secretary of Ministry of Micro, Small and Medium Enterprises, in the presence of Shri Shailesh Kumar Singh, Secretary, MoRD, Shri S C L Das, Secretary, MoMSME, and Shri Charanjit Singh, Additional Secretary, MoRD, along with senior officials from both ministries, at Krishi Bhawan, New Delhi.

Speaking on the occasion, Ms. Swati Sharma emphasized that the signing of this SoI between MoMSME and MoRD underscores a whole-of-government approach. She highlighted that this collaboration will facilitate the empowerment of Lakhpati Didis, as envisioned by Prime Minister Shri Narendra Modi.

Ms. Mercy Epao, speaking on the occasion, affirmed that this SoI will strengthen the partnership between the two ministries to support and elevate SHG Didis in entrepreneurship, leveraging MoMSME’s flagship initiatives such as Yeshaswini- Apna Udyam, Apni Pehchaan, Udyam Assist, etc.

Both the Secretary of Ministry of Rural Development and the Secretary of Ministry of MSME appreciated this convergence and committed to undertaking various collaborative steps in alignment with this Statement of Intent.

Infosys Foundation and ICT Academy Partner to Skill 48,000 Students

Bengaluru: Infosys Foundation, the charitable arm of Infosys Ltd, has partnered with ICT Academy of Tamil Nadu, a non-profit organization, to skill 48,000 students over three years in various fields. The training will cover IT, banking, financial services and insurance, retail, e-commerce, logistics, knowledge process outsourcing, and soft skills.

Infosys Foundation has pledged over Rs 33 crore for this initiative, according to a statement released on Wednesday. A Memorandum of Understanding (MoU) has been signed with ICT Academy to enhance the employability of young learners in rural India.

“This collaboration aims to equip students pursuing engineering, arts, and science courses in tier 2 and tier 3 cities across the country with the skills necessary for career development,” the statement said.

Through the MoU, Infosys Foundation will help establish ‘Centres of Excellence for Women and Youth Empowerment’ in over 450 colleges in India. These centers will serve as hubs for skill development and training, both online and offline, and will facilitate job placements. The curriculum will include 80 hours of core skills training, 20 hours of soft skills training, placement facilitation for certified students, and activities such as youth empowerment summits and coding practice for real-world problems.

Additionally, the initiative will utilize ‘Infosys Springboard’, Infosys’ flagship digital learning platform, to make learning and skilling more accessible to students.

Lenovo Names Yogesh Singhania as New Global HR Services Head

Lenovo has appointed Yogesh Singhania as the new Global HR Services Head, effective June. In this role, he will oversee Lenovo’s Global HR Service Delivery team, spearhead strategic HR initiatives, and ensure smooth HR service operations worldwide.

“I’m pleased to share that I’m starting a new position as Global HR Services Head at Lenovo!,” Singhania announced on LinkedIn.

Before this promotion, Singhania served as the Global People Analytics Head and has been with Lenovo since 2015, initially joining as an HR Analytics and Metrics Consultant.

Singhania’s professional journey includes stints at Infosys and IBM. His expertise encompasses data storytelling, analytical skills, reporting and analysis, and HR visualization. He also has a background in SAP ABAP development and holds an MBA in Human Resource Management from XLRI Jamshedpur.

AI-health startup Cloudphysician appoints Dr. Mandar Vaidya as CEO-India

Cloudphysician, an AI-health startup specializing in ICU and emergency department management through tech and operations partnerships with hospitals, has named Dr. Mandar Vaidya as CEO-India, effective June.

Dr. Vaidya, a seasoned leader with over 20 years of experience in global business management and transformation, previously served as a partner at McKinsey & Co., where he spearheaded the healthcare practice in Asia. His strategic expertise in hospital and pharmaceutical company operations is expected to bolster Cloudphysician’s growth and service efficiency in India. Prior to this role, Dr. Vaidya spent four years at OYO, overseeing multiple international markets, including Europe, Southeast Asia, the Middle East, and Japan.

This leadership change follows Cloudphysician’s successful $10.5 million Series A funding round, led by Peak XV Partners, with contributions from Elevar Equity and venture debt firm Panthera Peak.

E-bike Maker Matter Secures $35 Million in Series B Funding Round

Matter Motor, a leading EV technology and energy storage company, has announced the successful raising of $35 million in the first tranche of its ongoing Series B funding round. The investment was led by US-based venture capital firm Helena, with notable participation from Capital 2B, Japan Airlines & Translink Innovation Fund, Saad Bahwan Investment Management Company (SB Invest), and other institutional investors and family offices.

The newly acquired funds will be directed towards accelerating Matter’s innovations in electric motorbikes, scaling manufacturing, supply chain, marketing, and retail operations, according to a company press release.

In addition to this recent funding, Matter raised $10 million earlier in the same round, which is expected to close at approximately $70 million. Post-allotment valuations estimate the company to be worth around Rs 1,690 crore ($204 million), with potential adjustments upon the round’s completion.

Matter launched its first electric motorbike, the AERA, in early 2023, starting pre-orders in May 2023. The AERA features a proprietary 4-speed hyper-shift geared system and offers over 125 km range per charge with a 5-amp onboard charging system. The company has already secured 40,000 pre-bookings for the AERA, with deliveries set to begin this festive season.

CEO of Matter recently stated that the firm aims to raise between $100 million and $200 million over the next two years to establish a new manufacturing facility with a production capacity of 1 million e-motorbikes.

Despite being in a pre-revenue stage for the fiscal year ending March 2023, with reported losses of Rs 25 crore, Matter is making significant strides in the premium e-bike segment, competing with Bharat Forge-backed Tork Motors, TVS-backed Ultraviolette, RattanIndia Enterprises-controlled Revolt, and Ola Electric, which plans to enter the e-bike market by early 2026.

LIC Re-designates Siddhartha Mohanty as CEO & MD

The Life Insurance Corporation of India (LIC) has announced the re-designation of Chairman Siddhartha Mohanty as the Chief Executive Officer and Managing Director (CEO&MD), effective June 30, 2024. This announcement was made public through an exchange filing on Sunday. The company has not yet disclosed plans to appoint a new chairperson.

Siddhartha Mohanty began his career with LIC as an apprentice officer in 1985. Over his nearly four-decade tenure, he has served in various significant roles, including Chief Operating Officer and CEO of LIC Housing Finance. His other notable positions include Senior Divisional Manager of Raipur and Cuttack, Chief (Legal), Chief (Investment – Monitoring and Accounting), and Executive Director (Legal).

Mohanty holds a Bachelor’s degree in Law and a Master’s degree in Arts (Political Science) from Utkal University, Bhubaneswar. Additionally, he has a post-graduate certification in Business Management from the Xavier Institute of Management, Bhubaneswar.

Indian Twitter Rival Koo Shuts Down After Failed Merger Talks

Indian social media app Koo, once considered a rival to micro-blogging platform X, is shutting down, according to founder Aprameya Radhakrishna in a LinkedIn post on Wednesday. The closure follows unsuccessful merger negotiations with several companies, including Dailyhunt, sources revealed.

“Patient, long-term capital is essential to build ambitious, world-beating products from India, be it in social media, AI, space, EV, or other futuristic categories,” Radhakrishna stated in a joint post with cofounder Mayank Bidawatka. “It will need a lot more capital when the space has a global giant already.” Koo, backed by Accel and Tiger Global, faced significant challenges in securing new funding.

Radhakrishna emphasized the necessity of a strategic outlook, saying, “These aren’t to be looked at as profit-churning machines in two years from launch. They need to be nurtured for a larger long-term play. We would love to see that long-term view for large bets from India.”

Koo was last valued at $274 million after raising over $66 million from investors, including 3one4 Capital. The app struggled to raise new capital since last year, leading to unsuccessful merger talks. Sources mentioned that the company still holds some digital assets, like cloud credits, which may be sold to potential buyers.

“They were under a lot of pressure from the board and investors too. The company fired the majority of staff and even cut down on burn, but eventually, nothing worked out,” a source disclosed. Radhakrishna acknowledged the efforts to form partnerships with larger internet companies, conglomerates, and media houses, but these did not yield the desired outcomes.

The prolonged funding winter “got the better of us,” the founders stated. “We needed five to six years of aggressive, long-term, and patient capital to make this dream a reality.” Koo’s struggle underscores the challenges local social media platforms face when competing with global rivals.

Another local social media app, ShareChat, has also scaled down operations significantly, undergoing severe restructuring and large-scale layoffs. In 2022, its valuation dropped by over 60% to below $2 billion from a peak of $5 billion.

“Koo used to have a 10% like ratio, almost 7-10x the ratio Twitter had, making Koo a more favorable platform for creators. At our peak, we had about 2.1 million daily active users and 10 million monthly active users, with over 9,000 VIPs,” the founders said. Koo had expanded into Brazil last year.

“The little yellow bird says its final goodbye,” the post concluded.

Shalabh Goel Appointed as Managing Director of NCRTC

Shalabh Goel (IRSEE) has taken charge as the Managing Director of the National Capital Region Transport Corporation (NCRTC). With a distinguished career in Indian Railways, Goel brings extensive experience to his new role.

A 1989 batch officer of the Indian Railway Service of Electrical Engineers (IRSEE), Goel graduated in Electrical Engineering from IIT Roorkee and completed his post-graduation in Energy Studies from IIT Delhi. He assumed his position at NCRTC on July 2, 2024. The corporation is responsible for implementing India’s first Regional Rapid Transit System (RRTS) project across the National Capital Region, aiming to enhance urban development through improved connectivity.

Goel’s career spans over three decades, during which he has held key positions including Executive Director at the Ministry of Railways, Divisional Railway Manager (DRM) of Mumbai Division, Chief Electrical Locomotive Engineer of Central Railway, and SDGM/CVO of Western Railway. Notably, as DRM, he managed train operations during the peak of the COVID-19 pandemic, ensuring essential services continued and passenger safety was maintained.

Before joining NCRTC, Goel served as Senior Deputy General Manager cum CVO of Western Railway. His expertise includes railway operations, electrification, locomotive maintenance, energy management, and general administration, with postings across Central, Northern, Western Railways, the Ministry of Railways, and the Delhi Metro Rail Corporation (DMRC). Goel’s contributions have earned him several accolades, including the Minister of Railways and General Manager awards.

Goel joins NCRTC at a pivotal moment as the organization prepares to operationalize the 82-km Delhi-Ghaziabad-Meerut RRTS corridor, a complex and challenging project set to meet its scheduled timelines.

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