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IIT-Hyderabad Professor Aravind Kumar Rengan bags prestigious INSA Young Scientist Award for 2017

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IIT-Hyderabad Professor Aravind Kumar Rengan, Twitter
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Hyderabad, May 15, 2017: Aravind Kumar Rengan, a professor at Indian Institute of Technology – Hyderabad has been awarded the prestigious Indian National Science Academy (INSA) award in the Young Scientist category for 2017.

Assistant Professor in Department of Biomedical Engineering, he is being recognized for having devised a novel way of nano delivery using liposomes and gold nanoparticles. This is useful for both imaging and therapeutics, IIT-Hyderabad said in a statement.

This research, through which he was able to engineer a biodegradable nano-system for photothermal therapy of cancer and proved its in-vivo biodegradability, has got immense translational potential and can be used to treat cancer in an affordable way with minimal side effects.

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The award will be presented to him by the INSA President during the anniversary general meeting in December 2017.

“We are delighted that Dr Rengan has made a mark in scientific work related to curing cancer and has brought pride to IIT Hyderabad. It is work like this by our young faculty that will bring international recognition to IIT Hyderabad,” said U.B Desai, Director, IIT Hyderabad.

“This Award is an encouragement for the good scientific work that we do in India, which is comparable to international standards. I would be very happy if many more young medicos take up research as their mainstream career, which will benefit our country in the long run,” said Rengan.

Since 1974, INSA annually presents the Young Scientist Award to distinguish young scientists who have made notable research contributions in science and technology. (IANS)

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Swiggy to use digital payments for delivery fleet

Founded in 2014, Swiggy aims to "change the way India eats" and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others

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Another step towards digitizing India
Encouraging Digital Transactions by exempting service tax on Cards (Wikimedia commons)
  • Swiggy is an online food ordering platform
  • It will now allow digital payments for delivery feet
  • this method will prevent any leakage in cash payment process

Online food ordering and delivery platform Swiggy on Monday said it would use privately-run ICICI Bank to allow its delivery fleet to make digital payments.

“Through the use of Unified Payment Interface (UPI)-based solution for instant fund transfers and automated cash deposit machines at ICICI Bank branches and ATMs across the country, the delivery fleet will have a hassle-free way of transferring funds,” the company said in a statement. Swiggy operates with a fleet of over 20,000 delivery persons delivering food from over 25,000 restaurants across 12 cities.

These digital payments will prevent leakage in cash payments. Wikimedia Commons

With cash-on-delivery being a widely used method of payment on the platform, the digital payment methods allow the delivery men to quickly transfer the funds to Swiggy, saving their time, according to the statement.

“With the delivery fleet being the backbone of Swiggy, the adoption of the digital payment solutions will support the ease of operations and save their time and thousands of kilometres of travel,” said the company’s Chief Financial Officer (CFO) Rahul Bothra in the statement. The digital payment methods will also help in preventing any cash leakages, the company said.

Also Read: Rise Of Digital Media Unstoppable: Experts 

Founded in 2014, Swiggy aims to “change the way India eats” and is currently operational in cities like New Delhi, Gurugram, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad and Chennai among a few others. IANS