Friday, July 19

Tag: MOU

IIT-Kanpur Signs MoU of $2.2 Mn to Develop Flying Taxi Prototype
INDIA

IIT-Kanpur Signs MoU of $2.2 Mn to Develop Flying Taxi Prototype

Researches from the IIT-Kanpur in collaboration with VTOL Aviation India Pvt Ltd, have agreed to a $2.2 Mn Memorandum of Understanding (MoU) to develop the prototype of a auto-piloted vertical takeoff and landing (VTOL) craft, which could be used as flying taxi or facilitate air travel. “We will establish a proof of concept and identify the key technology areas. There will be over 100 students working on this,” said Ajoy Ghosh, Aerospace Engineer and Flight Lab Head of IIT-Kanpur. The project may be take up to five years to be completed, prompting Ghosh to comment, “The proposed craft will most likely use a ducted fan, much like commercial airplanes. It will be clean as it will use electric power.” The motivation behind this project for Ghosh is the hope of developing a sustainabl...
IIT Kharagpur Partners With Samsung for Digital Academy
News

IIT Kharagpur Partners With Samsung for Digital Academy

IIT-Kharagpur has signed a Memorandum of Understanding (MoU) with Samsung India for the setting up of a digital academy on the institute's campus. The Department of Computer Science and Engineering in the institute would host the Samsung Innovation Lab and train students on the Internet of Things (IoT) through Tizen-based operating systems, commonly used by the company for its mobile phones and home appliances. IoT is a network of computing devices embedded in objects of everyday use for storage and exchange of information. The training would help students acquire industry-relevant skills and "become job ready", an IIT-KGP statement said today. The academy was a part of the company's corporate social initiative that aims at bridging the digital divide in the country by impartin...
Indian Govt. and Linkedin Sign MoU to Create More Jobs For Students
INDIA

Indian Govt. and Linkedin Sign MoU to Create More Jobs For Students

Leading global professional network LinkedIn today said it has signed an agreement with the human resource development ministry to create more job opportunities for Indian students. As part of the MoU, LinkedIn's 'Placements' product will be adopted by all Indian colleges affiliated with All India Council for Technical Education (AICTE), the company said in a release issued here. 'Placements' provides a level-playing field for all students, regardless of their location or college and allows them to take an online assessment test, which gives them direct access to thousands of openings in 35 top corporates in India, it added. "We're excited to work with the HRD ministry and AICTE to help students get greater access to the 'Placements' product. Our objective with 'Placements' is to ...
IRCTC Tie-Up With Defence Food Research For Better Food Quality in Trains
News

IRCTC Tie-Up With Defence Food Research For Better Food Quality in Trains

Seeking to upgrade its catering operations, Indian Railway Catering and Tourism Corporation (IRCTC) today signed an agreement with the Defence Food Research Laboratory (DFRL) here for transfer of technology in food and beverage processing and packaging. Under the agreement, DFRL, a Defence Ministry establishment under Defence Research and Development Organisation (DRDO), will transfer the technical know how and testing for quality assurance to IRCTCs ready-to-eat packaged food for the rail travelers. The Licensing Agreement for Transfer of Technology (ToT) was initiated by IRCTC Chairman and Managing Director (CMD) A K Manocha and DFRL Director Rakesh Kumar Sharma, an IRCTC release said. "IRCTC has been taking several new initiatives to upgrade, professionalise and standardize its cat...
NASSCOM, Facebook ink Signed MoU to Engage With Indias Entrepreneurs
News

NASSCOM, Facebook ink Signed MoU to Engage With Indias Entrepreneurs

The trade body of Indian IT firms NASSCOM has signed a MoU with Facebook to build a product design initiative to engage the country's young entrepreneurs into becoming problem solvers and solution builders. Signed in Silicon Valley this week, the NASSCOM-Facebook initiative is likely to propel innovative thinking and approaches to build solutions in key sectors where technology can play a transformational role, NASSCOM President R Chandrashekhar said. "This is a joint initiative to catalyse the innovation ecosystem and to help design thinking. Today, we are at an inflection point where the industry is at the next phase of revolution and moving towards the whole startup and innovation part, which is coming on the heels of the two-decades-old of the growth of the services company," Chand...
Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt
News

Ola To Create Entrepreneurship Opportunities in UP, Signs MoU Govt

Mobile app for transportation, Ola has signed a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh in order to generate entrepreneurship opportunities along with skill development for 50,000 men and women across the next five years. Ola will also work with the state government to introduce innovative and customised mobility solutions like Ola Auto, Ola Share and Ola Shuttle across the state in the coming months. By bringing more transportation solutions onto its app using technology, Ola is looking to serve citizens across Uttar Pradesh, giving them instant access to reliable and convenient mobility. "The state of Uttar Pradesh is growing as an economic centre for the country faster than ever before. The compounded annual growth rate of UP in the last three years ha...