Latest news with #AtulGupta
Business Upturn
5 days ago
- Business
- Business Upturn
Philips launches intelligent 3D imaging in Europe to empower faster stroke care, helping physicians save time, brain, and lives
Demonstrated at LINNC Paris 2025, the company's latest release of SmartCT delivers fast, intelligent 3D imaging in the Angio suite — helping physicians act with greater speed and confidence during a range of critical neurovascular procedures Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the CE-marking of its latest SmartCT image reconstruction solution designed to support faster, more informed decision-making in the treatment of stroke and other neurovascular conditions. Already available in Japan and Canada, SmartCT is now CE-marked and available across Europe. The solution will be showcased at LINNC Paris 2025 (June 2–4), the world's leading interventional neuroradiology congress. Built for the Philips Azurion neuro biplane system, the latest generation of SmartCT simplifies and accelerates 3D imaging — giving neuro interventionists real-time views of brain tissue, blood vessels, and interventional devices directly in the Angio suite. By removing the need to transfer patients for separate CT imaging, SmartCT helps care teams treat faster, with greater clarity and confidence. 'In stroke care, minutes matter — and confidence is everything,' said Dr. Atul Gupta, Chief Medical Officer Diagnosis & Treatment at Philips. 'With this latest generation of SmartCT for intelligent 3D imaging applications, we're giving neuro interventionalists the imaging tools they need at the exact moment they need them — improving workflow, reducing delays, and ultimately helping to save lives.' Already used by clinicians at many leading stroke centers worldwide, SmartCT enables a streamlined workflow that reduces procedural complexity and supports timely intervention. This enables physicians to personalize therapy and reduce uncertainty during time-critical procedures like mechanical thrombectomy— a minimally invasive treatment to remove blood clots and restore blood flow to the brain during an ischemic stroke. 'The image quality of the helical cone-beam CT is impressive—it's almost like a conventional CT scan,' said Dr. Shuta Aketa, Director of the Stroke Center at the Osaka International Medical & Science Center. 'This is ideal for emergency procedures, as the image quality meets our needs and helps us work more efficiently.' Dr. Junji Fukumori, Chief of Neurovascular Intervention of the same hospital added 'Compared to other vendors, Philips SmartCT technology allows for more confident and safe treatment of complex cases.' SmartCT 3.0 includes: SmartCT Soft Tissue Helical delivers cone-beam CT (CBCT) imaging in as little as 8 seconds. It offers improved image appearance of cerebral soft tissue volumes by optimizing acquisition trajectory and reconstruction. delivers cone-beam CT (CBCT) imaging in as little as 8 seconds. It offers improved image appearance of cerebral soft tissue volumes by optimizing acquisition trajectory and reconstruction. Motion-compensated soft tissue imaging for restless stroke patients for restless stroke patients SmartCT Dual Phase Cerebral enables clear visualization of vessel occlusions and collateral blood flow in stroke patients, aided by intuitive acquisition guidance and bolus timing tools. enables clear visualization of vessel occlusions and collateral blood flow in stroke patients, aided by intuitive acquisition guidance and bolus timing tools. SmartCT Dual Viewer allows physicians to overlay and manipulate two 3D volumes side-by-side at table side, supporting real-time image fusion and enhanced procedural planning without breaking sterility. At LINNC Paris 2025 (June 2–4, Carrousel du Louvre), Philips will host interactive demos of its latest generation Azurion biplane with SmartCT 3.0 for neuro-endovascular Booth #28. For more information about the Philips Image-Guided Therapy System Azurion, visit our website: For further information, please contact:Joost MalthaPhilips External RelationsTel. : +31 6 10558116 E-mail : [email protected]
Time of India
29-04-2025
- Business
- Time of India
Error-free UPI transactions: NPCI bans nicknames in UPI payments
NEW DELHI: In a significant move to enhance user safety and transparency in digital transactions, the (NPCI) has directed all Unified Payments Interface (UPI) applications to display only the 'ultimate beneficiary name', as recorded in the Core Banking System (CBS), during peer-to-peer (P2P) and peer-to-merchant (P2PM) transactions. Tired of too many ads? go ad free now In a circular dated April 24, 2025, the NPCI issued an addendum to its earlier guidelines, mandating UPI apps to ensure that only the bank-registered name of the recipient is shown on the transaction confirmation screen and in the transaction history. The directive must be fully implemented by June 30, 2025, failing which non-compliance action will follow. According to NPCI, the "ultimate beneficiary" is the person or entity receiving funds for services or goods provided. Going forward, names fetched directly from the Validate Address API – the same used to retrieve official bank names, will be the only ones shown to payers. Names derived from QR codes, contact lists, or user-defined labels will no longer be permitted. 'This change is being introduced to help customers verify they are sending money to the correct beneficiary and to reduce risks of misdirected payments,' NPCI stated in its communication to UPI ecosystem members. Many UPI apps currently allow users to modify payee display names or generate aliases, making it easier for fraudsters to impersonate trusted brands or individuals. Going forward, this loophole will be shut. NPCI has clearly instructed that apps must disable any feature that allows users to edit or customise beneficiary names within their interfaces. The circular comes amid growing concerns over rising UPI-based frauds, often caused by misleading display names that do not match official records. Tired of too many ads? go ad free now 'This step can drastically reduce accidental transfers and fraudulent transactions. Displaying only the bank-verified name adds a key layer of authentication,' said Rahul Jain, CFO at NTT DATA Payment Services India according to an ET report. The change will particularly impact small merchants who fall under the P2PM category, such as kirana store owners or street vendors, who often receive payments via QR codes embedded with non-official names. Once enforced, customers will be shown only the CBS-registered name, not the store's brand name or any custom label. 'This will bring much-needed clarity for users and reduce errors. It enhances trust and makes the payment ecosystem more secure,' said Atul Gupta, head of risk & compliance at Cashfree Payments. Despite some anticipated transition challenges for users accustomed to aliases or nicknames, experts believe the change is a step in the right direction. As Mukesh Chand, senior counsel at Economic Laws Practice, explained, 'It helps reduce anonymity and gives users more confidence before authorising a transaction.' By standardising the way beneficiary names are displayed, NPCI aims to make UPI payments safer, more transparent, and less prone to manipulation.
Time of India
29-04-2025
- Business
- Time of India
Error-free UPI transactions: NPCI bans nicknames in UPI payments - here's how it will benefit users
Representative image NEW DELHI: In a significant move to enhance user safety and transparency in digital transactions, the National Payments Corporation of India (NPCI) has directed all Unified Payments Interface (UPI) applications to display only the 'ultimate beneficiary name', as recorded in the Core Banking System (CBS), during peer-to-peer (P2P) and peer-to-merchant (P2PM) transactions. In a circular dated April 24, 2025, the NPCI issued an addendum to its earlier guidelines, mandating UPI apps to ensure that only the bank-registered name of the recipient is shown on the transaction confirmation screen and in the transaction history. The directive must be fully implemented by June 30, 2025, failing which non-compliance action will follow. According to NPCI, the "ultimate beneficiary" is the person or entity receiving funds for services or goods provided. Going forward, names fetched directly from the Validate Address API – the same used to retrieve official bank names, will be the only ones shown to payers. Names derived from QR codes, contact lists, or user-defined labels will no longer be permitted. 'This change is being introduced to help customers verify they are sending money to the correct beneficiary and to reduce risks of misdirected payments,' NPCI stated in its communication to UPI ecosystem members. Many UPI apps currently allow users to modify payee display names or generate aliases, making it easier for fraudsters to impersonate trusted brands or individuals. Going forward, this loophole will be shut. NPCI has clearly instructed that apps must disable any feature that allows users to edit or customise beneficiary names within their interfaces. The circular comes amid growing concerns over rising UPI-based frauds, often caused by misleading display names that do not match official records. 'This step can drastically reduce accidental transfers and fraudulent transactions. Displaying only the bank-verified name adds a key layer of authentication,' said Rahul Jain, CFO at NTT DATA Payment Services India according to an ET report. The change will particularly impact small merchants who fall under the P2PM category, such as kirana store owners or street vendors, who often receive payments via QR codes embedded with non-official names. Once enforced, customers will be shown only the CBS-registered name, not the store's brand name or any custom label. 'This will bring much-needed clarity for users and reduce errors. It enhances trust and makes the payment ecosystem more secure,' said Atul Gupta, head of risk & compliance at Cashfree Payments. Despite some anticipated transition challenges for users accustomed to aliases or nicknames, experts believe the change is a step in the right direction. As Mukesh Chand, senior counsel at Economic Laws Practice, explained, 'It helps reduce anonymity and gives users more confidence before authorising a transaction.' By standardising the way beneficiary names are displayed, NPCI aims to make UPI payments safer, more transparent, and less prone to manipulation. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Mint
22-04-2025
- Business
- Mint
India's mid-market gets a boost as Trident Growth launches ₹2,000 cr maiden fund
Mumbai: Trident Growth Partners, backed by Ranjan Pai's family office Claypond Capital, has launched its maiden fund with a corpus of ₹ 2,000 crore, which includes a green shoe option, to tap the under-served mid-market, or growth-stage companies, top officials at the investment firm told Mint in an interview. The fund aims to lead or co-lead the Series B+ investments in fast-growing companies, writing cheques of ₹ 150-170 crore for a significant minority stake. Although it is sector-agnostic, the growth stage private equity fund will invest in key themes such as consumer, financial services, enterprise technology, manufacturing, and healthcare. 'While it is very pertinent for us to be sector-agnostic, much of investments come under three broad buckets – consumption for the evolving middle class that includes categories like financial services, healthcare and education, secondly- the China+1 supply chain strategy and lastly, enterprise technology which involves make in India products for the world," Trident's managing partner Atul Gupta told Mint . Read more: Ex-NIIF executive director Padmanabh Sinha to launch new PE fund Founded by Gupta, Rajesh Ramaiah and Pravan Malhotra, Trident Growth, through its maiden fund, will invest in 10-12 companies that have strong unit metrics, and ability to deliver scale with a sustainable path to profitability. With a first close of ₹ 1,000 crore, the investment firm will exercise its green shoe option to raise an equivalent amount by the end of this year. While 20-30% of the capital is expected to come from international fund of funds and institutions, a bulk of the corpus is backed by domestic capital. Fund of funds is an investment strategy where a fund invests in other investment funds rather than directly in individual assets like debt or equity. In August, Mint first reported on Manipal group's chairman Ranjan Pai's interest to invest in the fund. Other startup founders of companies including Lenskart, PolicyBazaar, Persistent Systems, Livspace and KreditBee alongside sovereign fund of funds, Sidbi and Self Reliant India Fund (SRI), leading family offices and general partners of prominent funds have also invested in the fund. The new fund aims to bridge the gap for companies looking to raise their series B and C rounds. To be clear, the investor ecosystem is crowded with early-stage funds–through various institutions such as micro-VCs, high net worth individuals (HNIs) and other mainstream offices, and late-stage funds dominated by global players issuing larger cheques. 'This has left the mid-market stages with a lot of undisrupted potential, which is what we have identified as a play for ourselves to invest in," Ramaiah said. 'It is overall a nice position to be in as we have a good set of companies coming in and with the evolving late-stage buyout story, exits through other routes (such as secondaries) have also become quite conducive apart from the IPO-market," he added. Read more: On a platter: Rebel Foods gets $25 mn from Qatar Investment Authority for restaurant expansion The three partners will engage closely with portfolio companies by leveraging founder networks to provide mentorship along with an experienced operating partner network that will assist companies with key functional support as they scale up. The former executives of Premji Invest and International Finance Corporation have actively invested in several Indian startups that include Lenskart, Policybazaar, KreditBee, Myntra, Flipkart, Purplle, FirstCry, BigBasket, Amagi and Moglix among others. They also have a track record of exits with 14 unicorns (startups with a billion-dollar valuation) and 8 IPOs/M&A from their prior investments. Meanwhile, Trident has already completed its first investment in SaaS company Spotdraft's $54 million series B round alongside Vertex Growth earlier this year, and is in the final stages of closing its next investment. With a strong pipeline through the rest of the year, Malhotra said the fund will target an ownership of 8-20% in portfolio companies. 'We will back founders who want to build really solid businesses in a sustainable way and with lesser burn so they don't need to keep raising capital and can ultimately own higher ownerships," Gupta concluded.
