KLS GIT launches AI lab and incubation centre
Society president Anant Mandagi inaugurated the two facilities on the college premises on Saturday.
He unveiled the AI lab and KLS GRID – short for GIT's Research, Innovation, and Development Centre. He said the GRID was a launchpad where student ideas could take flight.
'With room for 50 start-ups, this incubation centre is built to nurture entrepreneurs, offering mentorship, infrastructure, and student internship support. Eight start-ups are already moving in and getting to work — a clear sign that innovation is alive and kicking at KLS GIT,' he said.
GRID will also house a dedicated office for TiE (The Indus Entrepreneurs) Hubballi, to incubate more entrepreneurs in northern Karnataka. He said a new 25,000 sq. ft incubation facility is already on the drawing board and was expected to be up and running within 18 months. He said the college was striving to make students future ready. He thanked the faculty for embracing change and driving the institution forward.
'We're investing not just in buildings and labs — we're investing in the aspirations of our students and the future of this region,' he said.
Rajendra Belgaonkar, chairman, governing council, said that the AI Lab had NVIDIA HGX H200 GPU servers, that brought world-class computing power right into the hands of students and start-ups at KLS GIT. 'Whether students are in computer science or civil engineering, this lab is designed to make artificial intelligence accessible across all branches — accelerating research, innovation, and real-world problem solving. The servers are hosted in a revamped data centre, marking a serious upgrade to the institute's technical infrastructure,' he said.
Gajendra Tripathi, formerly of T-HUB Hyderabad, presented a talk on Startup Ecology at KLS GIT.
M.S. Patil, principal, KLS GIT, and Shwetha Goudar, dean R&D, KLS GIT, members of KLS management, teachers and staff, members of industry bodies in Belagavi and others were present.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
6 days ago
- Business Standard
Tata Power, Suzlon sign ₹6,000 cr deal for 700 MW wind project in Andhra
Tata Power has signed a deal with Suzlon Energy for the development, construction, and supply of 700 megawatt (MW) wind turbines in Andhra Pradesh. The ₹6,000-crore project is part of a 7 gigawatt (GW) mega plan announced by its arm Tata Power Renewable Energy Ltd (TPREL) and the state government in March 2025, said a source aware of the development. This is the first wind power project to be implemented in Andhra Pradesh since 2019. The 7 GW of renewable energy — including solar, wind, and hybrid projects, with or without storage solutions — is expected to attract investments of around ₹49,000 crore, making it one of the largest renewable energy investments in the state. 'Turbines will be S144 Suzlon wind turbine generators and will be compliant with the Government of India's newly enhanced Revised List of Models and Manufacturers (RLMM) guidelines on domestic content. Turbines will be made in Andhra Pradesh in Suzlon's factory there, which has been revamped and re-commenced production since 2024,' the source said. The Ministry of New and Renewable Energy (MNRE) recently revised its RLMM guidelines, making local sourcing mandatory for critical components such as blades, gearboxes, generators, and towers. 'The project will be developed in the Anantapur district of Andhra Pradesh, will be connected to the central grid, and will generate 1,840 million units per year,' the source added. The proposed capacities will be set up under Andhra Pradesh's Integrated Clean Energy (ICE) Policy, a clean energy framework that aims for the state to develop over 160 GW of renewable energy with an investment potential of ₹10 trillion. As part of the agreement signed in March with the state, TPREL will conduct preliminary assessments, feasibility studies, and development activities to explore the viability of these projects. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) will provide requisite support in facilitation, site identification, and evacuation infrastructure. This initiative is expected to significantly enhance Andhra Pradesh's renewable energy capacity while reinforcing TPREL's commitment to India's clean energy mission. Driven by the ICE Policy launched by the Nara Chandrababu Naidu government in October 2024 — which fast-tracked clearances and lined up fresh incentives — the state secured a considerable share of the country's renewable energy investments last year. In renewables, major committed investments other than Tata Power include projects by NTPC Green (₹2.08 trillion), Vedanta's Serentica (₹50,000 crore), SAEL Industries (₹6,000 crore), and Brookfield (₹50,000 crore), among others. Green energy major ReNew Power is also set to establish a ₹22,000-crore renewable project at Anantapur in Andhra Pradesh, which will be the largest renewable energy complex in India. The complex will generate around 2.5 GW of renewable power and have a battery energy storage system (BESS) of 1 gigawatt hour (GWh), in two phases.
The Hindu
02-08-2025
- The Hindu
'Market coupling in DAM segment of power exchanges may have little benefit'
The Central Electricity Regulatory Commission's (CERC) proposed implementation of market coupling in Day Ahead Market (DAM) segment of power exchanges from January 2026 may have little benefit for the power sector and is contrary to the findings of the pilot study conducted by Grid Controller of India, according to industry officials and analysts. They said the marginal improvements do not offer a 'compelling rationale' for implementing market coupling on a full scale, particularly in the absence of a detailed 'robustness and sensitivity' analysis. They added that even the January 2026 timeline for implementation would be challenging. 'The results of the shadow pilot conducted by Grid-India released in July 2025 do not indicate any significant benefits from market coupling. This is in line with the earlier CERC order dated 6th February 2024,' said an industry official 'In the DAM segment, overall welfare increased by a negligible 0.3%, and overall volume cleared increased by only 0.2%. Similarly, in the Real-Time Market (RTM) segment, both overall welfare increase and increase in volume cleared saw an insignificant gain of 0.01%,' the official said. Further, the increase of social welfare by ₹38 crore in case of DAM coupling doesn't mean that there will be saving of ₹38 crore, the official said. 'Savings will be miniscule, if at all. The reported increase in social welfare of ₹38 crore in DAM is theoretical, used for algorithmic modelling, and does not imply actual consumer savings,' the official added. 'Introducing central market coupling mechanism risks adding complexity, delaying market operations, and duplicating functions, without resolving core challenges such as market liquidity, deepening of participation, or improving investor confidence,' the official said. According to industry officials while the idea has been presented as 'market coupling', the proposed design more closely resembles 'exchange coupling' with no precedence globally. They pointed out that while Grid-India had submitted a detailed report to CERC, the Commission's order does not adequately reflect the comprehensive findings of that report. For ensuring transparency and stakeholder confidence, the complete Grid-India report should be made publicly available to facilitate informed discussions and independent assessments of the recommendations, they emphasised. According to a report by JM Financial the benefits of market coupling are negligible. 'A shadow pilot study by Grid-India revealed that DAM coupling resulted in an overall welfare gain of just 0.3% in price and 0.2% in volume. The volume of electricity that could not be cleared as % to unconstrained cleared volume was just 0.10% in FY24,' JM Financial analysts said in the report. 'Anticipated benefits (price, volume, transmission) of market coupling are not explicitly evident in the Indian context,' they said. According to them the implementation of power market coupling requires upgrading and integration of software, modification in infrastructure for compatibility, formation of data sharing protocol as well as consensus on financial settlement mechanism. 'We believe the January 2026 target for implementation of coupling is very ambitious, and implementation will not be possible before December 2027,' they said in the report. 'If applied elsewhere, this approach would imply merging competitive platforms like NSE and BSE or even Jio and Airtel — contradicting the principles of open markets. This will effectively kill innovation, service excellence and the incentive to launch new products,' said Ashish Kapur, CEO, Invest Shoppe, a boutique financial firm offering wealth management solutions.
Time of India
25-07-2025
- Time of India
IEX crashes nearly 30% after market coupling nod: Technical analysts see no floor yet
IEX share price plunged nearly 30% on Thursday after CERC approved market coupling, triggering fears over its revenue model and market dominance. Despite strong Q1 earnings, technical analysts see no recovery yet, citing a breakdown below key support levels and extremely oversold momentum indicators. Tired of too many ads? Remove Ads Regulatory Overhang Pressures Sentiment Tired of too many ads? Remove Ads Technical Breakdown Confirms Bearish Shift Q1 Earnings Tired of too many ads? Remove Ads Outlook Shares of Indian Energy Exchange IEX ) crashed 29.5% on Thursday to close at Rs 132.45 on the BSE, marking one of the stock's steepest single-day declines. The sharp fall followed a regulatory order from the Central Electricity Regulatory Commission (CERC), which approved the implementation of market coupling in the day-ahead power market by January move has raised fresh concerns about IEX's future market dominance and its core revenue Wednesday, the CERC said it would initiate market coupling in a phased manner, starting with the Day-Ahead Market (DAM). The mechanism aims to unify price discovery across multiple power exchanges by pooling bids and clearing them centrally, a structural shift that could dilute IEX's competitive edge and impact its transaction charges, which currently form a major part of its the move is expected to improve efficiency and reduce regional price disparities, it threatens the liquidity moat that IEX has built over the called the development 'as bad as it gets' for IEX, cutting its target price to Rs 122 and maintaining a 'Market-Perform' rating. 'With the moat of liquidity gone, the only way to compete is transaction charge,' the firm contrast, UBS retained a 'Buy' call with a target of Rs 285, terming the news a 'negative surprise' but pointing out that the Grid-India report suggested only a 0.01–0.3% impact in terms of savings or volumes cleared. UBS added that the real-time market (RTM), which accounts for 30% of IEX revenue, remains unaffected for analysts see no signs of recovery in the near Kamble, Senior Technical Research Analyst at Bonanza Portfolio, said the stock has broken down from a double top formation with a breakaway gap, confirming a bearish reversal. 'The price has slipped below all major EMAs, and the RSI has plunged to 14 — an extremely oversold condition. The directional movement index (DMI) also confirms strong selling pressure,' he Matalia, Derivative Analyst at Choice Broking, echoed the caution: 'IEX breached key support zones with high volume. RSI at 17.68 shows relentless selling, and unless the price reclaims key averages with volume support, any bounce should be seen as an exit opportunity.'Both analysts advised traders and investors to avoid fresh long positions at current levels and wait for further clarity on the regulatory to the complexity, IEX reported strong Q1 results after market hours on Thursday, July 24. The company posted a 25% year-on-year jump in consolidated net profit to Rs 120 crore for the quarter ended June 2025. Revenue rose 19% to Rs 184.2 volumes grew 14.9% YoY to 32.4 billion units, and Renewable Energy Certificate (REC) trading surged 149.3% to 52.7 lakh units. However, lower power demand, due to early monsoons and unseasonal rains, kept prices subdued in both DAM and RTM Day-Ahead Market saw a 45.2% YoY rise in supply liquidity, driving down average price per unit by 16% to Rs 4.41. In the Real-Time Market, prices fell 20% to Rs 3.91/ the operational beat, the regulatory uncertainty weighed heavier on investor CERC's market coupling framework set to be rolled out over the next 18 months, analysts expect continued volatility in IEX's stock. While the Q1 performance highlights strong fundamentals, the long-term implications of losing pricing control and volume leadership in key market segments are keeping investors on clarity emerges on how the new framework will impact exchange dynamics, technical experts believe any recovery may be short-lived.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
