Latest news with #Indore
Entrepreneur
3 days ago
- Business
- Entrepreneur
AI to Become Core of All Technical Courses, Says AICTE Chairperson TG Sitharam
The meeting in Indore focused on encouraging education in Indian languages at school and higher education levels, aligning with the broader goals of the National Education Policy You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a major push towards tech-driven education, All India Council for Technical Education (AICTE) Chairperson TG Sitharam announced that artificial intelligence (AI) will soon be embedded across all branches of technical education in India. Speaking at a parliamentary advisory committee meeting chaired by Union Education Minister Dharmendra Pradhan in Indore, Sitharam said that the AICTE has formed an expert panel to revise the model curriculums of engineering, IT, and management studies to integrate AI components. "The committee has already conducted three meetings and is expected to submit its recommendations within the next month," he noted. Following this, the updated curriculums could be finalised within two months, paving the way for AI-based education to begin as early as the next academic year. While the Council had already launched a BTech course in AI and Data Science in 2017, this marks the first major step towards embedding AI into the foundational framework of all technical disciplines. Sitharam also highlighted efforts to promote education in Indian languages. Over the last two years, AICTE has made 1,000 textbooks available online in 12 Indian languages, with over seven lakh downloads recorded. Currently, 54 technical institutions in the country offer various courses in these regional languages. The meeting in Indore focused on encouraging education in Indian languages at school and higher education levels, aligning with the broader goals of the National Education Policy.
CNA
02-06-2025
- Business
- CNA
Coinbase breach linked to customer data leak in India, sources say
WASHINGTON :Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million, six people familiar with the matter told Reuters. At least one part of the breach, publicly disclosed in a May 14 SEC filing, occurred when an India-based employee of the U.S. outsourcing firm TaskUs was caught taking photographs of her work computer with her personal phone, according to five former TaskUs employees. Three of the employees and a person familiar with the matter said Coinbase was notified immediately. The ex-employees said they were briefed on the matter by company investigators or colleagues who witnessed the incident in the Indian city of Indore, noting that the woman and a suspected accomplice were alleged to have been feeding Coinbase customer information to hackers in return for bribes. The ex-employees and person familiar with the matter said more than 200 TaskUs employees were soon fired in a mass layoff that drew Indian media attention. Coinbase had previously blamed "support agents overseas" for the breach, which it estimated could cost up to $400 million. Although the link between TaskUs and the breach was previously alleged in a lawsuit filed last week in federal court in Manhattan, details of the incident, reported here for the first time, raise further questions over when Coinbase first learned of the incident. Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." Only when it received an extortion demand on May 11 did it realize that the access was part of a wider campaign, the company said. In a statement to Reuters on Wednesday, Coinbase said the incident was recently discovered and that it had "cut ties with the TaskUs personnel involved and other overseas agents, and tightened controls." Coinbase did not disclose who the other foreign agents were. TaskUs said in a statement that two employees had been fired early this year after they illegally accessed information from a client, which it did not identify. "We immediately reported this activity to the client," the statement said. "We believe these two individuals were recruited by a much broader, coordinated criminal campaign against this client that also impacted a number of other providers servicing this client." The person familiar with the matter confirmed that Coinbase was the client and that the incident took place in January.
Reuters
02-06-2025
- Business
- Reuters
Coinbase breach linked to customer data leak in India, sources say
WASHINGTON, June 2 (Reuters) - Cryptocurrency exchange Coinbase knew as far back as January about a customer data leak at an outsourcing company connected to a larger breach estimated to cost up to $400 million, six people familiar with the matter told Reuters. At least one part of the breach, publicly disclosed in a, opens new tab May 14 SEC filing, opens new tab, occurred when an India-based employee of the U.S. outsourcing firm TaskUs was caught taking photographs of her work computer with her personal phone, according to five former TaskUs employees. Three of the employees and a person familiar with the matter said Coinbase was notified immediately. The ex-employees said they were briefed on the matter by company investigators or colleagues who witnessed the incident in the Indian city of Indore, noting that the woman and a suspected accomplice were alleged to have been feeding Coinbase customer information to hackers in return for bribes. The ex-employees and person familiar with the matter said more than 200 TaskUs employees were soon fired in a mass layoff that drew Indian media attention, opens new tab. Coinbase had previously blamed "support agents overseas" for the breach, which it estimated could cost up to $400 million. Although the link between TaskUs and the breach was previously alleged in a lawsuit filed last week, opens new tab in federal court in Manhattan, details of the incident, reported here for the first time, raise further questions over when Coinbase first learned of the incident. Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." Only when it received an extortion demand on May 11 did it realize that the access was part of a wider campaign, the company said. In a statement to Reuters on Wednesday, Coinbase said the incident was recently discovered and that it had "cut ties with the TaskUs personnel involved and other overseas agents, and tightened controls." Coinbase did not disclose who the other foreign agents were. TaskUs said in a statement that two employees had been fired early this year after they illegally accessed information from a client, which it did not identify. "We immediately reported this activity to the client," the statement said. "We believe these two individuals were recruited by a much broader, coordinated criminal campaign against this client that also impacted a number of other providers servicing this client." The person familiar with the matter confirmed that Coinbase was the client and that the incident took place in January. Reuters could not determine whether any arrests have been made. Police in Indore did not return a message seeking comment.
Zawya
29-05-2025
- Business
- Zawya
No imports needed: India's wheat harvest defies market speculation
INDORE, India - A strong wheat harvest in India is rapidly replenishing stocks, meaning the country will be able to meet domestic demand without imports this year, contrary to market talk that it would need overseas supplies, and a potential drag on global prices. India banned exports of the staple in 2022 and extended the prohibition as extreme heat shrivelled crops again in 2023 and 2024, draining reserves, pushing prices to record highs and fuelling speculation it would need imports for the first time since 2017. But things are improving for the world's No.2 wheat producer, with early state inventory purchases signalling that this year's crop is about 4 million tons bigger than last year's, six industry and government officials said. "After barely scraping through without imports in recent years, the country finally seems to be out of the woods and free from the fear of having to import wheat," said Amit Takkar, chief of New Delhi-based farm consultancy Conifer Commodities. The Food Corporation of India, the state stockpiler, has bought 29.7 million metric tons of new-season wheat from domestic farmers - the most in four years - after missing procurement targets for three consecutive years. FCI's total wheat purchases could rise to 32 million-32.5 million tons this year, food minister Pralhad Joshi said earlier this month, adding to the 11.8 million tons in stock at the start of the marketing year on April 1. That stockpile of roughly 44 million tons would significantly exceed FCI's annual requirement of 18.4 million tons to run the world's largest food welfare programme, which provides free grain to nearly 800 million people. FCI's surging wheat stocks are sufficient to dispel the prospect of imports that has kept the global trading community guessing, the six industry and government officials said. With the world's second-largest wheat consumer not needing imports, global prices for the grain are likely to come under pressure, as output remains strong in top exporting countries such as Argentina, Australia and Canada, while import demand from top consumer China has weakened. Global wheat prices have more than halved from the record highs of 2022, sliding earlier this month to their lowest level in nearly five years. IMPORTS AVERTED Better weather, higher-yielding climate-resilient seeds, and adequate soil moisture from last year's plentiful monsoon rains helped improve this year's wheat output in India. A nearly 15% rise in wheat prices over the past year - driven by consecutive poor harvests - also encouraged farmers to switch to wheat. Farmers in the central state of Madhya Pradesh, known for premium wheat that goes into pizzas and pastas, said crop yields were higher this year thanks to a milder March. "The weather was better this year compared to last year," said farmer Sunil Dubey, as he steered his tractor trolley brimming with brown sacks of wheat into the dusty, bustling wholesale market of Indore. Dubey and many other farmers have sold their entire harvest to the FCI this year. FCI's robust stockbuilding means that it can release wheat onto the open market in the event of a domestic price spike. In the fiscal year to March 2024, the FCI released more than 10 million tons of wheat into the open market - a record - to tame rising prices. However, lower inventories prevented it from selling large quantities the following year, and Indian wheat prices jumped to an all-time high in early 2025. The government is now far more confident about domestic wheat supplies and prices. India has no plans to lower or remove the 40% wheat import tax, nor is it considering importing wheat through diplomatic channels, as it had discussed earlier, said a senior government official. "Because of good production and procurement, we have ample quantities in hand," said the official who declined to be named, citing government rules. "There will not be any imports." At the same time, India is not considering allowing exports, the official said, preferring instead to build stocks. The government has forecast this year's output at a record 115.4 million tons, although the Roller Flour Millers Federation of India has pegged production at 109.63 million tons. Both estimates were made before the April harvest. In 2024, India produced 105.85 million tons of wheat, according to the flour millers' body, below the government's 113.29 million tons figure. Trade and industry officials have in recent years said the farm ministry's wheat output estimates are overly optimistic and create market uncertainty. "Despite our conservative estimate, we know that production will be around 4 million tons higher than last year," said Navneet Chitlangia, president of the Roller Flour Millers Federation of India.
Free Malaysia Today
28-05-2025
- Business
- Free Malaysia Today
No imports needed, India's wheat harvest defies market speculation
In 2024, India produced 105.85 million tonnes of wheat, according to the Roller Flour Millers Federation of India. (EPA Images pic) INDORE : A strong wheat harvest in India is rapidly replenishing stocks, meaning the country will be able to meet domestic demand without imports this year, contrary to market talk that it would need overseas supplies, and a potential drag on global prices. India banned exports of the staple in 2022 and extended the prohibition as extreme heat shrivelled crops again in 2023 and 2024, draining reserves, pushing prices to record highs and fuelling speculation it would need imports for the first time since 2017. 'However, things are improving for the world's No 2 wheat producer, with early state inventory purchases signalling that this year's crop is about 4 million tonnes bigger than last year's,' six industry and government officials said. 'After barely scraping through without imports in recent years, the country finally seems to be out of the woods and free from the fear of having to import wheat,' said Amit Takkar, chief of New Delhi-based farm consultancy Conifer Commodities. The Food Corporation of India (FCI), the state stockpiler, has bought 29.7 million metric tonnes of new-season wheat from domestic farmers – the most in four years – after missing procurement targets for three consecutive years. FCI's total wheat purchases could rise to 32 million-32.5 million tonnes this year, food minister Pralhad Joshi said earlier this month, adding to the 11.8 million tonnes in stock at the start of the marketing year on April 1. That stockpile of roughly 44 million tonnes would significantly exceed FCI's annual requirement of 18.4 million tonnes to run the world's largest food welfare programme, which provides free grain to nearly 800 million people. 'FCI's surging wheat stocks are sufficient to dispel the prospect of imports that has kept the global trading community guessing,' the six industry and government officials said. With the world's second-largest wheat consumer not needing imports, global prices for the grain are likely to come under pressure, as output remains strong in top exporting countries such as Argentina, Australia and Canada, while import demand from top consumer China has weakened. Global wheat prices have more than halved from the record highs of 2022, sliding earlier this month to their lowest level in nearly five years. Imports averted Better weather, higher-yielding climate-resilient seeds, and adequate soil moisture from last year's plentiful monsoon rains helped improve this year's wheat output in India. A nearly 15% rise in wheat prices over the past year – driven by consecutive poor harvests – also encouraged farmers to switch to wheat. Farmers in the central state of Madhya Pradesh, known for premium wheat that goes into pizzas and pastas, said crop yields were higher this year thanks to a milder March. 'The weather was better this year compared to last year,' said farmer Sunil Dubey, as he steered his tractor trolley brimming with brown sacks of wheat into the dusty, bustling wholesale market of Indore. Dubey and many other farmers have sold their entire harvest to the FCI this year. FCI's robust stockbuilding means that it can release wheat onto the open market in the event of a domestic price spike. In the fiscal year to March 2024, the FCI released more than 10 million tonnes of wheat into the open market – a record – to tame rising prices. However, lower inventories prevented it from selling large quantities the following year, and Indian wheat prices jumped to an all-time high in early 2025. The government is now far more confident about domestic wheat supplies and prices. 'India has no plans to lower or remove the 40% wheat import tax, nor is it considering importing wheat through diplomatic channels, as it had discussed earlier,' said a senior government official. 'Because of good production and procurement, we have ample quantities in hand,' said the official who declined to be named, citing government rules. 'There will not be any imports,' the official added. At the same time, India is not considering allowing exports, the official said, preferring instead to build stocks. The government has forecast this year's output at a record 115.4 million tonnes, although the Roller Flour Millers Federation of India has pegged production at 109.63 million tonnes. Both estimates were made before the April harvest. In 2024, India produced 105.85 million tonnes of wheat, according to the flour millers' body, below the government's 113.29 million tonnes figure. Trade and industry officials have in recent years said the farm ministry's wheat output estimates are overly optimistic and create market uncertainty. 'Despite our conservative estimate, we know that production will be around 4 million tonnes higher than last year,' said Navneet Chitlangia, president of the Roller Flour Millers Federation of India.
