IIT Madras wins tops InQube 2022 concludes at Shiv Nadar Institution of Eminence - The Daily Guardian
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IIT Madras wins tops InQube 2022 concludes at Shiv Nadar Institution of Eminence

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IIT Madras

The second iteration of InQube, a national business quiz, business case, and simulation competition organised by Shiv Nadar Institution of Eminence’s School of Management and Entrepreneurship, has come to a close. InQube was a complex tournament that brought together more than 3,000 teams from more than 50 Indian locations in order to find, challenge, connect, and reward India’s undergraduate young brains.

The final round of the competition took place from September 9–11, 2022. The winning teams received monetary awards totaling Rs 5 lakh.

The winners, Anvit Reddy and Anand R from IIT-Madras, said, “We are extremely happy that we participated in InQube, and the competition was tough right to the last round. We are truly thankful for the hospitality shown to us by the Shiv Nadar Institution of Eminence, and we will urge others to participate and gain the learning experience that InQube has provided us.”

The main guest during the Grand Finale was Roshni Nadar Malhotra, Trustee of the Shiv Nadar Foundation and Chairperson of HCL Technologies. She praised the entrepreneurial spirit displayed by the competing teams while congratulating the victors.

Dr Ananya Mukherjee, Vice-Chancellor, Shiv Nadar Institution of Eminence, said, “Fostering an innovative and entrepreneurial culture and nurturing leadership is at the very core of our institution’s philosophy. The spirit of entrepreneurship aligns closely with India’s young demographic-a dynamic segment that is always questioning the status quo, is not risk averse and is always open to challenges. As an institution of eminence, our endeavour was to bring together this group of young minds who share these values, and this led to us launching InQube-an initiative to help students transform into promising entrepreneurs.”

InQube is a multifaceted competition that was created especially for undergraduate students in order to help them discover and ignite their entrepreneurial zeal. It was first held in 2021. All enrolled participants were invited to take part in the first round, which was conducted online. The top 100 teams then advanced to the online quiz known as the cluster round, where the top two teams from each cluster were chosen to compete in the national quarterfinals (held in-person).

The top three teams from each of the 12 zones were chosen to compete in the business case and simulation on campus as well as the national semifinals. Venky Srinivasan, CEO and co-founder of Nexus Consulting, hosted the grand finale, which featured the top six teams from the semi-finals.

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10-year-old raped by friends passes away in Delhi’s hospital

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Gang rape

A 10-year-old boy who was viciously attacked and raped on September 18 by three friends, including a cousin, all of whom were between the ages of 10 and 12, died early on Saturday due to complications from his injuries at the Lok Nayak Hospital run by the Delhi government.

The boy’s family reported on Saturday that he had a high fever all night and abruptly started losing vitals this morning.

 “We were with him and then a few doctors came in and said that his heart had stopped beating. They asked to wait outside and after a few minutes said he was no more,” the boy’s mother said.

She said, “They had told us initially that we would be able to take him home next week. How can he suddenly die?”

A formal version from the hospital is awaited.

A senior police officer who wished to remain anonymous claimed that although they have been “informally” told that the boy has passed away, they have not yet received a formal statement from the hospital.

The child has died, according to Sanjay Kumar Sain, deputy commissioner of police (north east).

The boy was assaulted and raped by three juveniles on September 18 in East Delhi, and on September 22 he was taken to Lok Nayak Hospital.

On Friday, doctors said the boy’s wounds were so gruesome, they were reminded of the December 16, 2012 gang rape victim. Doctors confirmed that sharp objects had been inserted in his private parts and he was also badly beaten up.

The boy’s family, who dwell in Seelampur in east Delhi, said that he was called by a few neighbourhood boys on the evening of September 18 under the pretence of playing cricket. Since his return, they felt “something was off” but did not know the seriousness of the situation.

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Ajay Devgn receives best actor honour for ‘Tanhaji’

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Bollywood actor Ajay Devgn on Friday was conferred with the National Award for Best Actor and Best Popular Film Providing Wholesome Entertainment for ‘Tanhaji: The Unsung Warrior’ at the 68th National Film Awards.
For the award ceremony, the actor donned a black suit as he received the award from President Droupadi Murmu. ‘Tanhaji: The Unsung Warrior’ was directed by Om Raut and released on 10 January 2020. This film was the 100th film in Devgn’s career spanning 30 years.
The movie also features Saif Ali Khan, Kajol and Sharad Kelkar. It collected over Rs 368 crore worldwide at the box office and was declared the highest grosser of the year.
The film involved Ajay in the role of Maratha warrior Taanaji Malusare, fighting for the principle of ‘Bhagwa’ (saffron) flag, ‘Swaraj’ (home-rule) and ‘Satya’ (truth).
Kajol essayed the role of the wife of Tanhaji — Savitribai Malusare — a strong character, who accompanied him in taking firm decisions. Saif played the antagonist, Uday Bhan, a Rajput official who works for Mughal Emperor Aurangzeb.
This win marks Ajay’s third National award after ‘Zakhm’ in 1998 and ‘The Legend of Bhagat Singh’ in 2020. Along with the ‘Golmaal’ actor, South star Suriya also won the Best Actor honour for ‘Soorarai Pottru’.
The 68th National Film Awards were announced by a jury back in July 2022 at the National Media Centre in New Delhi. The jury comprised eminent filmmakers and film personalities from across Indian cinema.

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Tharoor’s blunder, shows distorted map of India

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Congress presidential candidate Shashi Tharoor has landed in a controversy on Friday as the manifesto shared by him for the election shows a “distorted map of India” in which he has omitted parts of Jammu and Kashmir, and Ladakh.
He shared the distorted map of India, where he talked about ‘decentralization of the organization’. The goof-up by Tharoor, who is running for the president’s post of the country’s oldest party does not show good precedent. Later, Tharoor rectified the blunder by replacing it with the correct map of India in his election manifesto.
This is not the first time the Lok Sabha MP has shared a distorted map of India. Earlier in 2019, Tharoor shared a ‘distorted’ map of India on Twitter. The northernmost territory of the country was missing from the map shared by the Congress leader.
In December 2019, he shared the cover of a booklet about the Kerala Congress’s protest against the Citizenship Amendment Act (CAA). He later deleted the tweet and rectified his mistake.
Later, Tharoor issued a clarification over the map blunder in his manifesto stating that “no one does such things on purpose” and added that team of volunteers had committed a mistake.

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RBI hikes repo rate by 50 bps, inflation pegged at 6.7%

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The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. RBI Governor Shaktikanta Das announced this here.
In the meeting of the Monetary Policy Committee (MPC) that started on Wednesday, five of the members of the MPC voted to hike the key lending rate, repo rate, by 50-basis points (bps).
The rates for the standing deposit facility (SDF) and the marginal standing facility (MGF) were also raised by 50 basis points to 5.65 per cent and 6.15 per cent, respectively.
The central bank had already hiked the key policy rate by 140 bps since May to 5.4 per cent to cool off domestic retail inflation that has stayed above the RBI’s upper tolerance limit of 6 per cent each month this year.
The MPC is responsible for fixing the benchmark interest rate in India.

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PFI office bearers involved in bogus cash donations: ED

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Enforcement Directorate

After seven days of custodial interrogation of the office bearers of the Popular Front of India (PFI), the Enforcement Directorate (ED) on Friday informed the court that the “investigation into the accused persons has revealed that they have played an active role in bogus cash donations on behalf of PFI and in claiming and projecting PFI’s unaccounted cash raised through unknown and suspicious sources as untainted and legitimate.”
ED also stated that the PMLA investigation has revealed that as a part of a criminal conspiracy hatched by PFI office bearers over the past many years, suspicious funds from within the country and abroad have been raised by PFI and related entities and have been clandestinely remitted to India in a concealed manner and deposited in their bank accounts over the years.
These funds have been raised as a part of the scheduled offence of criminal conspiracy. The funds so raised/collected by PFI are thus nothing but proceeds of crime which they have layered, placed and integrated through their numerous bank accounts as well as those of their members/sympathizers. Thus PFI and its related entities have been involved in the continuous offence of money laundering over the years, the ED said.
The Enforcement Directorate through Advocate Naveen Kumar Matta, while seeking judicial custody of the accused stated that the investigation in the case is still continuing and requires the gathering of additional evidence and examination and confrontation of voluminous data extracted from digital devices which is still under progress.
Hence, the judicial custody of the accused i.e. Perwez Ahmed, Md. Iliyas and Abdul Muqeet during the period of investigation are warranted to ensure that they do not influence the witnesses and do not tamper with or destroy the material evidence related to the case. After taking note of the submissions of ED, the Additional Sessions Judge (ASJ) Shailender Malik decided to send all three accused to Judicial Custody for 14 days after ED didn’t seek further custodial remand of them.

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PM Modi to launch 5G services in India on Saturday

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PM Modi

Ushering a new era in technology, Prime Minister Narendra Modi is scheduled to launch 5G services in India on Saturday. The services will be launched in select cities initially and progressively cover the entire country over the next couple of years.
According to the Ministry of Communications, the launch of 5G services follows years of intense preparation. Recently, 5G spectrum auctions were conducted successfully and 51,236 MHz was allocated to Telecom Service Providers with a gross revenue of Rs 1,50,173 crore. 5G services seek to provide seamless coverage, high data rate, low latency, and highly reliable communications system.
“5G can unleash new economic opportunities and societal benefits giving it the potential for being a transformational force for Indian society. It will help the country leapfrog the traditional barriers to development, spur innovations by startups and business enterprises as well as advance the ‘Digital India’ vision. The cumulative economic impact of 5G on India is expected to reach USD 450 billion by 2035,” the ministry said.
On the occasion, the three major telecom operators of the country will demonstrate one use case each in front of the Prime Minister to show the potential of 5G technology in India.
Reliance Jio will connect a teacher from a school in Mumbai with students in three different locations in Maharashtra, Gujarat and Odisha. This will demonstrate how 5G will facilitate education by bringing teachers closer to students, obliviating the physical distance between them. It will demonstrate the power of Augmented Reality (AR) on screen and how that is being used to teach children across the country, remotely, without the need of an AR device.
In the Airtel demo, a girl from Uttar Pradesh will witness a lively and immersive education experience to learn about the solar system with the help of Virtual reality and Augmented reality.

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