Introducing the World’s First Consent-Based Data-Sharing Framework Built on Open Standards: The Affinidi Iota Framework

by Today's Fables

Affinidi, a Singapore-based data and identity management company, launched the Affinidi Iota Framework built on open standards at the WeAreDevelopers World Congress, Berlin, Germany. This innovative framework establishes a new way for individuals to share data by prioritising explicit consent, empowering individuals to selectively share specific data points with a clear understanding of their intended use.

In the traditional digital landscape, individuals often share sensitive data with third parties without transparency or control, leaving their data vulnerable to misuse, unauthorised access, and data breaches. A Twilio report shows that 60% of Asia Pacific consumers demand consent and communication on data use, while a PwC study reveals a trust gap, with only 30% of consumers trusting businesses. Existing solutions exacerbate these issues by collecting vast amounts of individuals’ data (essential/non-essential) and transferring it to back-end databases, burdening developers with managing large volumes of data and associated risks.

Affinidi’s Iota Framework disrupts this outdated model, pioneering a new era of data privacy and security. The Affinidi Iota Framework enables developers to request essential data points directly from individuals, with explicit consent, eliminating the need to collect and store non-essential information. This approach ensures individuals maintain control over their data, reducing storage burdens, and minimising risks associated with data collection and potential misuse. Affinidi equips developers with dev-friendly templates and robust tools, streamlining the setup of data-sharing processes. With our easy-to-use SDK, developers can navigate the complexities of identity, privacy, and security, building innovative solutions in just minutes.

The Affinidi Iota Framework revolutionises data exchange between businesses and individuals by adhering to strict consent-first principles, providing businesses with richer, more accurate data that enhances personalisation, and fosters market innovation and competitiveness. Roopesh Shah, Co-Founder and CTO of Gro Club, India’s first and largest bicycle subscription model that recently adopted Affinidi’s solution for seamless integration, shared, “We began with Affinidi Login to simplify access to individual data through a one-click onboarding process. But with the introduction of the Affinidi Iota Framework, we are thrilled to advance beyond efficient customer onboarding, laying the groundwork for a future where every interaction is precisely tailored to individual preferences based on accurate and consented data.”

Wishes pour in for Sh. Ashwini Vaishnaw on his 57th birthday

by Mirabilia IconsToday's Fables

Heartiest Birthday Greetings to Union Minister for Railways, Communications and Electronics & Information Technology Shri Ashwini Vaishnaw. Wish you a Long and Healthy life.

Your exemplary service and dedication inspire us all.

Ashwini Vaishnaw (born 18 July 1970) is an Indian politician, former IAS officer and a businessman.

Vaishnaw is originally a resident of Jeewand Kallan village of Pali district, Rajasthan. Later, his family settled in Jodhpur, Rajasthan.

In 1994, Vaishnaw joined the Indian Administrative Service in the Odisha cadre. He worked extensively in different parts of Odisha including serving as the District Collector of Balasore and Cuttack districts.

He took an educational loan to complete his MBA at the Wharton Business School. He realized that it would barely take him months to payback the educational loan and eventually left civil service in 2010 to join private sector and open an Industry. He gained an MBA degree to get insights on how to run a successful business.

After his MBA, Vaishnaw came back to India and joined GE Transportation as Managing Director.

Subsequently, he joined Siemens as the Vice President – Locomotives & Head Urban Infrastructure Strategy.

In 2012, he set up Three Tee Auto Logistics Private Limited and Vee Gee Auto Components Private Limited, both automotive components manufacturing units in Gujarat.

In June 2024, in the 22nd cabinet reshuffle, he was given the responsibility of Ministry of Railways, Ministry of Electronics and Information Technology and Ministry of Communications.

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Birthday wishes to a legend: Mr.Shiv Nadar, the Founder of HCL Technologies

by Today's Fables

Birthday wishes to Mr.Shiv Nadar, the Founder of HCL Technologies and Shiv Nadar Foundation.A pioneer of the IT and computing industry in India.Nadar founded HCL in the year 1976 and transformed the IT hardware company into an IT enterprise over the next three decades.

Nadar was awarded Padma Bhushan for his efforts in the IT industry. He was honored by the US-India Strategic Partnership Forum with Lifetime Achievement Award for his pioneering contribution to business and philanthropy. 

Wishing him good health and continued success in all his endeavours!

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BIMSTEC Foreign Ministers call on Prime Minister Narendra Modi

by Today's Fables

Foreign Ministers from the BIMSTEC Member States paid a joint call on Prime Minister Shri Narendra Modi today.

PM had fruitful discussions with the group of Ministers on further strengthening the regional cooperation in diverse areas including connectivity, energy, trade, health, agriculture, science, security and people to people exchanges. He stressed on the role of BIMSTEC as an engine for economic and social growth.

He reaffirmed India’s commitment to a peaceful, prosperous, resilient and safe BIMSTEC region and highlighted its significance to India’s Neighbourhood First and Look East Policies as well as in its SAGAR vision for Security and Growth for All in the Region.

PM expressed India’s full support to Thailand for the upcoming BIMSTEC Summit to be held in September.

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Indegene Announces Strategic Collaboration with Microsoft to Help Life Sciences Companies Scale Up Generative AI Adoption and Accelerate Business Impact

by Latest UpdatesToday's Fables

Princeton, NJ, and Bengaluru, KA, July 11, 2024: Indegene today announced a strategic collaboration with Microsoft to empower global life sciences companies to scale up the adoption of purpose-built, enterprise-grade Generative AI (GenAI) services, thereby driving faster innovation at scale.

Indegene and Microsoft have committed to developing resources in highly specialized and skilled medical and technology tools to co-innovate generative AI services and workflows across commercial, medical, regulatory, and clinical functions.

“GenAI presents a once-in-a-decade opportunity for life sciences companies to modernize business processes and reimagine the effectiveness and efficiency of their operations throughout the value chain. Using GenAI, we’re closely working with many of our clients to solve specific business problems, with nearly 50 real-world use cases already in an advanced pilot stage”, said Tarun Mathur, CTO, Indegene. “As we double down on efforts to strengthen our innovation prowess, we will keep exploring opportunities for greater collaboration with key technology providers. We remain focused on helping our clients harness the potential of GenAI with targeted solutions to address some of their most pressing operational challenges and make their business future-ready.”

Alok Lall, Chief Operating Officer, Microsoft India & South Asia, said, “Generative AI is profoundly shaping every industry, including life sciences, by offering unprecedented avenues for healthcare technology advancements. According to a Microsoft-commissioned study conducted by IDCi, a staggering 79% of healthcare organizations have now embraced AI. This demonstrates that the tangible business value of this transformation is indisputable. By seamlessly integrating Indegene’s domain knowledge with Microsoft Azure OpenAI Service and Microsoft Copilot, we stand at the forefront of advancing generative AI within the life sciences sector. This collaborative effort empowers life sciences companies to fully harness AI’s capabilities, fostering innovation and scalability within the industry.”

Some of the key use cases the strategic collaboration focuses on in the first phase, include:

1.Content Super App: Using Azure OpenAI Service, the modular content value chain simplifies content creation and tagging for life sciences companies. This integrated approach offers a holistic view of the content value chain, enabling greater velocity, personalized content, and adoption of new conversation form factors. It also streamlines creative and video transformation while effectively engaging healthcare professionals (HCPs), patients and payers

2.Future-ready medical content value chain: Generative AI capabilities are revolutionizing the medical content value chain. From sourcing content from relevant literature articles to authoring core documents such as Clinical Study Reports (CSRs) and Protocols, Indegene’s solutions accelerate authoring processes and help ensure compliance across clinical and regulatory domains

3.Data Management and Analytics for Clinical Trials: Using Microsoft Fabric, Indegene’s solutions enhance the process of data ingestion and refinement, facilitate effortless reporting, and guarantee governance. This leads to proficient analytics, adherence to compliance, and nimbleness in business operations. It revolutionizes the way sales users work and provides a competitive advantage in the marketplace

Indegene counts 20 of the world’s top 20 biopharma companies among its clients. The company brings a practitioner’s perspective to enable organizations to become AI-powered companies. With patients and their health outcomes being the key, Indegene powers clients’ ambition with a practitioner’s expertise in leveraging GenAI, at scale. “With a focus on the right use cases, a responsible and compliant approach to scaling up, and shared learnings, we put generative AI to work for our clients”, added Tarun.

To develop a future-ready workforce, Indegene has also instituted the ‘GenAI @ Work’ initiative, where all its 5,000+ employees will be trained on various facets of GenAI to enhance automation and productivity, allowing its employees to focus on higher-value tasks. As part of this initiative, Indegene has deployed Microsoft Copilot in several of its core business processes and has already started seeing significant productivity improvements.

About Indegene

Indegene Limited (BSE: 544172, NSE: INDGN) is a digital-first, life sciences commercialization company. It helps biopharmaceutical, emerging biotech, and medical device companies develop products, get them to the market, and grow their impact through the life cycle in a more effective, efficient, and modern way. Indegene brings together healthcare domain expertise, fit-for-purpose technology, and an agile operating model to provide a diverse range of solutions. These aim to deliver, amongst other outcomes, a personalized, scalable, and omnichannel experience for patients and physicians. It’s what drives Indegene’s team and their purpose to enable healthcare organizations to be future-ready

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Prime Minister receives Russia’s highest State Award

by Latest UpdatesToday's Fables

​In a special ceremony in St. Andrew Hall in the Kremlin, President of the Russian Federation, H.E. Mr. Vladimir Putin conferred Russia’s highest national award “The Order of St. Andrew the Apostle” on Prime Minister Shri Narendra Modi for his contribution to fostering India-Russia ties. The award was announced in 2019.

While accepting the award, Prime Minister dedicated it to the people of India and to the traditional bonds of friendship between India and Russia. He further stated that the recognition illuminates the Special and Privileged Strategic Partnership between the two countries.

This award was instituted over 300 years ago. Prime Minister Shri Narendra Modi is the first Indian leader to be conferred with this award.

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L&T wins (Significant*) Order for Part Construction of Two Fleet Support Ships

by Today's Fables

Precision Engineering & Systems business vertical of Larsen & Toubro has won a prestigious order for part construction of two Fleet Support Ships (FSS) from M/s Hindustan Shipyard Limited (HSL), with Indian Navy being the end user of the vessels.

Indian Navy had signed a contract with HSL for design and construction of five FSS for the Navy in August 2023.

FSS are specialised naval vessels, which provide logistics and material support to the naval task force at sea. With more than 220 meter in length and approximately 45,000 tonne displacement, FSS would be amongst the largest vessels in the Indian Naval Fleet.

In line with GoI’s vision of “Aatmanirbhar Bharat”, these first-of-its kind vessels to be built in domestic Yards, will be concurrently constructed by both HHL and L&T shipyards to meet the challenging delivery timelines. This collaborative approach in shipbuilding will serve as a cornerstone for achieving strategic national objectives of rapidly enhancing the Indian Naval Fleet, while driving economic activity and technological advancement in India’s maritime domain.

In little over a decade from the receipt of L&T’s first defence shipbuilding order in March 2010, L&T has in-house designed, constructed and delivered more than 70 defence vessels exemplifying its ‘Make in India’ capabilities, with the remarkable achievement of delivering most of these vessels either ahead or on schedule.

L&T will construct the two Fleet Support Ships at its greenfield shipyard at Kattupalli, near Chennai on the east coast of India. It is India’s most modern shipyard, designed in-house and built to globally benchmarked technological practices.

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Prime Minister extends his greetings on the occasion of Rath Yatra of Mahaprabhu Jagannath

by Today's Fables

The Prime Minister, Shri Narendra Modi, today wished the people on the occasion of sacred Rath Yatra of Mahaprabhu Jagannath.

“Greetings on the start of the sacred Rath Yatra. We bow to Mahaprabhu Jagannath and pray that His blessings constantly remain upon us.”

Descriptions of the Ratha Yatra can be found in Brahma Purana, Padma Purana, the Skanda Purana, and the Kapila Samhita.

The rath yatra is considered to be the oldest and largest Hindu chariot festival celebrated annually, on the bright half of the lunar month of Ashadh .The festival is held at the city of Puri, in the state of Odisha, India and associated with the deity Jagannath

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IREDA’s Impressive Q1 Performance: 383% Increase in Loan Sanctions, 68% Rise in Disbursements and Loan Book Hits Rs.63,150 Crore

by EnergyToday's Fables

Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a remarkable performance for the first quarter ended 30th June 2024. According to provisional figures, subject to audit, the company recorded substantial increases in loan sanctions, disbursements, and its loan book.

During the first quarter of FY 2024-25, IREDA sanctioned loans amounting to Rs. 9,136 crore, reflecting a significant growth of 382.62% compared to Rs.1,893 crore in the corresponding quarter of the previous fiscal year. Disbursements during the same period stood at Rs.5,320 crore, marking an increase of 67.61% year-on-year compared to Rs.3,174 crore in the first quarter of FY 2023-24. The total loan book outstanding as of 30th June 2024, reached Rs.63,150 crore, representing a notable growth of 33.77% from Rs.47,207 crore in the previous year.

Shri Pradip Kumar Das, CMD, IREDA, commented on the achievement, “IREDA’s robust performance in the first quarter underscores our commitment to accelerating the deployment of renewable energy solutions in India. The substantial increase in loan sanctions and disbursements reflects our proactive approach in supporting projects that contribute to India’s renewable energy goals.”

IREDA continues to play a pivotal role in financing renewable energy projects across various sectors,including solar, wind, hydro, biomass, waste to energy, ethanol, electric mobility and emerging 

technologies like Green Hydrogen and Offshore Wind, etc. The company’s efforts are aimed at fostering sustainable development and reducing carbon emissions in alignment with national and global environmental objectives.

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SJVN partners with IIT Patna to improve Tunneling Project Performance using Advanced Geological Models

by Latest UpdatesToday's Fables

SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN’s tunnelling projects, thus significantly reducing time and cost overruns.

One of the key outcomes of this partnership will be the development of predictive analytics algorithms. These algorithms, leveraging integrated geotechnical data, will forecast potential risks and provide early warning systems specifically tailored for tunnelling projects. Such proactive measures are expected to substantially mitigate time and cost overruns during project execution.

Chairperson & Managing Director, SJVN, Smt. Geeta Kapur said that the primary focus of the MoU is to develop cutting-edge methodologies which integrate diverse geotechnical data sources. These would include geological surveys, borehole data, geophysical measurements and monitoring data from projects of SJVN.

The collaboration also aims to evaluate the intricate relationship between overburden and deformation, thereby enhancing the evaluation and design of support systems crucial for tunnelling projects. By harnessing integrated geotechnical data and 3D geological models, SJVN and IIT Patna aim to identify and analyze potential risks and hazards.

The MoU has been signed in the presence of Director (Finance), SJVN, Shri A.K Singh and Director, IIT Patna Shri T.N Singh in New Delhi on April 2, 2024. CGM (Civil), Shri R.K Gupta; GM (Finance), Shri Jitender Yadav; GM (Civil), Shri Hemant Kumar Shaklya; and GM (Geology), Shri Akshay Acharya from SJVN, and Professor A. K. Verma from IIT Patna were also present on the occasion of the signing ceremony.

SJVN and IIT Patna are committed to driving sustainable development and technological excellence through this strategic partnership.