** DRDO-developed monolithic microwave integrated circuits on board EOS04 satellite

Monolithic microwave integrated circuits developed by the DRDO are on board the EOS04 satellite launched on February 14 by the Indian Space Research Organisation, the Defence Ministry stated on Friday.

The circuits have been used in radar imaging modules of the satellite, the ministry said in a statement.

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** AI-based cath lab inaugurated in Chennai

Kumaran Hospitals and Rela Institute on Friday launched the facility jointly

Kumaran Hospitals and Rela Institute on Friday launched an Artificial Intelligence-based cath lab in the city on Friday.

The facility will help healthcare providers in a variety of procedures such as cardiovascular, electrophysiology, oncology and neuro interventional procedures.

Tamil Nadu

** Sanmina, Reliance ink pact to form manufacturing JV

The joint venture will create an electronic manufacturing hub in India and will prioritise high technology infrastructure hardware, for growth markets, and across industries

Sanmina Corporation, a leading integrated manufacturing solutions company, and Reliance Strategic Business Ventures Ltd. (RSBVL), a wholly-owned subsidiary of Reliance Industries Ltd. (RIL), have entered into an agreement to create a joint venture through investment in Sanmina’s existing Indian entity Sanmina SCI India Private Ltd. (SIPL). The day-to-day business will continue to be managed by Sanmina’s existing management team in Chennai, which will be seamless from an employee and customer perspective. The joint venture will create an electronic manufacturing hub in India and will prioritise high technology infrastructure hardware, for growth markets, and across industries such as communications networking (5G, cloud infrastructure, hyperscale datacenters), medical and healthcare systems, industrial and cleantech, and defence and aerospace.  In addition to supporting Sanmina’s current customer base, the joint venture will create a ‘Manufacturing Technology Center of Excellence that will serve as an incubation centre to support the product development and hardware start-up ecosystem in India, as well as promote research and innovation of leading-edge technologies

USA / India

** IIT-B’s hydrophobic coating for face shields helps limit Covid spread

Researchers at the Indian Institute of Technology (IIT), Bombay, have developed a technique for coating face shields with a hydrophobic layer to improve their efficiency.

Face shields act as primary barriers to airborne disease-carrying droplets. But these simple face shields are made from plexiglass plastic or polyethylene terephthalate.

Plastic is hydrophilic; and tiny water droplets tend to stick to its surface. Studies have shown that the SARS-CoV-2 laden respiratory droplets can survive on different surfaces for a few hours to a few days.

Maharashtra

** Indian restaurant Saathiya in Kyiv becomes shelter home; owner wins applause

Gujarat’s Manish Dave, 52, has won hearts for opening his restaurant door to Kyiv residents facing an unprecedented crisis as Russia ups its offensive against Ukraine.

Indian restaurant Saathiya was started for Indian students studying in Ukraine, and now before it could make a full-fledged run, the war broke out and now it is a safehouse for anyone who wants a respite from the airstrike, shelling, and a hot meal.

Gujarat / Ukraine

** 1,000 notified monuments to get pvt operators

“We are targeting about 1,000 historical sites or monuments across states to be placed under Monument Mitra schemes or some other variants.

The Union culture ministry is working on a plan to hand over about 1,000 notified heritage sites and monuments to private players or non-government organisations for maintenance under a special arrangement such as the Monument Mitra  (adopt a heritage) scheme.          

“We are targeting about 1,000 historical sites or monuments across states to be placed under Monument Mitra schemes or some other variants. We are working on it. This modal will help to spruce up several monuments such as Purana Quila and Safdarjung Tomb (in Delhi). They are not in very good state. Once improved, we can promote them for tourism promotion,” said a senior official.   

** The number of India’s ultra-high-net-worth individuals increased 11 per cent last year: Study

India reportedly ranked third in billionaire population globally in 2021. The US is number one followed by the Chinese mainland and India.

Nearly 30 per cent wealth of Indian ultra-high-net-worth individuals (UHNWIs) was allocated towards the purchase of principal and second housing properties last year, according to property consultant Knight Frank.

In its attitude survey, part of the Wealth Report 2022, Knight Frank India said that 29 per cent wealth of Indian ultra-wealthy, (those having a net worth of USD 30 million and above), is allocated towards purchase of principal and second homes.

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** IISc. researchers help develop math model to predict COVID-19 vaccine efficacy

Researchers at the Indian Institute of Science and Queensland Brain Institute in Australia have developed a mathematical model that predicts how antibodies generated by COVID-19 vaccines confer protection against symptomatic infections

The protection offered by vaccination has been touted as a major factor in reducing the damage caused by the third wave of Covid-19 infections. Several vaccines offer a high degree of protection, with some reducing the number of symptomatic infections by over 95% in clinical trials. But what determines the extent of protection? Researchers at the Indian Institute of Science (IISc.) and Queensland Brain Institute (QBI) in Australia have addressed this question by developing a mathematical model that predicts how antibodies generated by COVID-19 vaccines confer protection against symptomatic infections. The study was published in Nature Computational Science.

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** Reliance takes control of about 200 Future Retail stores, offers jobs to staff

Billionaire Mukesh Ambani’s Reliance Industries Ltd. has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday.

Reliance Retail, the retail arm of the oil-to-telecom conglomerate, had in August 2020 agreed to take over the retail and logistics business of the Future Group for ₹24,713 crore but the deal couldn’t be closed as Future’s warring partner Amazon went to courts citing violation of some contracts. Future denies any wrongdoing.

** IKEA India appoints Susanne Pulverer as its new CEO, CSO

Peter Betzel to take up next assignment within the IKEA Group

IKEA, the Swedish home furnishings retailer, has appointed Susanne Pulverer as its new and first woman chief executive officer (CEO) and chief sustainability officer (CSO), for its India business.

Ms. Pulverer took over from the outgoing India CEO Peter Betzel, who moved on to the next assignment within the IKEA Group. Prior to the new responsibility, Ms. Pulverer held the position of Group Business Risk and Compliance Manager at the Ingka Group, of which IKEA is part.

Ms. Pulverer joined IKEA in 1997 and has worked across different roles within IKEA. This is her third stint in India. She started her IKEA journey as Environmental Manager for the IKEA Group and moved on to IKEA of Sweden, where she held various roles in different business categories. She then moved to India in 2007 to head the purchasing function for IKEA South Asia during which she developed a strong connection and passion for India and its people.