Hello,
Manu Bhaker bags India’s first medal at the Paris Olympics!
The 22-year-old Olympian ended India’s 12-year wait for a shooting medal when she clinched a bronze in the 10m air pistol event on Sunday, becoming the first Indian woman shooter to do so.
Did you know? Researchers who studied the shooting events in the Tokyo Olympics found virtually no difference between men and women in air rifle competitions while men did slightly better in air pistol, trap, and skeet competitions.
Has the time come for open events?
Moving on, cryptocurrency exchange WazirX announced a controversial plan to “socialise” the $230 million loss from its recent security breach among all its customers.
While the local crypto community is not happy with the move, WazirX has outlined the strategy to resume operations within a week or so while implementing a “fair and transparent socialised loss strategy” to distribute the impact “equitably” among its user base.
Lastly, the surprise comeback of Robert Downey Jr to the MCU!
Once the heroic Iron Man, Downey is back as Doctor Doom—one of Marvel’s biggest villains—in Avengers: Doomsday.
Isn’t that the best news EVER!
In today’s newsletter, we will talk about
- Improving critical care with smart ICUs
- Inside the workings of Solinas Integrity
Here’s your trivia for today: Which is the world’s oldest island?
Startup
Improving critical care with smart ICUs
India has a massive shortage of trained ICU doctors (or intensivists) for a population of 1.4 billion. According to the ISCCM (a society of critical care medicine) report, there are more than 3,00,000 ICU beds across India, but only 5,000 intensivists manage these.
To bridge the gap between the demand for high-quality critical care and the shortage of qualified intensivists, Dr Dhruv Joshi along with Dr Dileep Raman started Cloudphysician Healthcare in 2017. The full-stack AI and operations company partners with hospitals to handle patients in their ICUs and emergency departments.
Expanding healthcare:
- Cloudphysician has partnered with over 200 hospitals across 23 states in India, including metros, Tier II, and Tier III cities. It claims to have helped manage care for over one lakh ICU patients since its inception.
- The startup has developed a tech solution that makes high-quality ICU care available to patients anywhere in the country at any point in time. It does so by using its AI-enhanced platform ‘Radar’, which converts already installed hospital ICUs and emergency rooms into Smart ICUs.
- It works with over 200 hospitals in India, including some prominent hospitals like SGPGI in Lucknow, Motherhood Hospitals, HCG, and Cytecare. In the last year, Cloudphysician has expanded its hospital network by nearly 2.5x.
Innovation
ICYMI: Inside the workings of Solinas Integrity
Solinas Integrity, a startup developed and incubated at IIT-Madras, has developed robotic solutions to address water contamination, blockages, and leakages. The startup, founded by Divanshu Kumar, hopes these solutions will eradicate manual scavenging completely.
Cleaning solutions:
- Its initial prototype was a bio-propulsion-based movement robot that went inside the septic tank where the fluid was less dense and viscous. The team understood the solution would not work in manholes and built a new prototype.
- It built HomeSep, India’s first septic tank and manhole cleaning robot that comes with cleaning blades, a suction mechanism, storage, and transportation options.
- It also developed EndoBot—an “endoscopy” kind of robot for all kinds of pipelines—water, sewage, drainage—where the robot is sent into the system to look at conditions and defects and point to the exact problem and provide data on it.
News & updates
- Union: Apple and the union representing retail workers at its store in Towson, Maryland, agreed to a tentative labour deal in the first US labour agreement not only for an Apple store but for any US workers of the tech giant.
- Climate: US Treasury Secretary Janet Yellen said the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the 21st century.
- Legal war: Warner Bros. Discovery sued the NBA as it tries to maintain broadcast rights for a package of live games. The media company seeks to prevent the NBA from awarding the rights to Amazon, whose games package Warner Bros. Discovery tried to match, or aims to win monetary damages.
What you should watch out for
- India@Olympics: Watch out for ace badminton player PV Sindhu, boxer Lovlina Borgohain, and the Indian Men Hockey team as they compete next week at the Paris Olympics.
- Ola Electric IPO will open on August 2. The anchor investor bidding will open a day earlier on August 1, and the offer is set to close on August 6.
- The US Federal Reserve is set to announce its interest rate decision on July 31, which will be crucial as the market anticipates a potential rate cut soon this year. The Bank of Japan will announce its interest rate decision on Wednesday.
Which is the world’s oldest island?
Answer: Madagascar.
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