Latest news with #Saras
Time of India
31-07-2025
- Business
- Time of India
Govt to allot 2.5k Saras dairy booths without curbing pavements
1 2 Jaipur: The govt is set to allot 2,500 new Saras dairy booths across the state, with a renewed focus on ensuring these installations don't obstruct footpaths and other public spaces, in keeping with the directives released by the Directorate of Urban Bodies on July 28. A five-member high-level committee has been formed to oversee the location selection and allotment process. The committee comprises Samit Sharma (secretary, animal husbandry), Juikar Pratik Chandra Shekhar (additional director, DLB), Gaurav Saini (commissioner, Jaipur Municipal Corporation-Greater), Shruti Bhardwaj (MD, RCDF) and Manish Foujdar (MD, Jaipur Dairy Union). The move comes in response to growing concerns that existing booths were allotted on pavements, leaving little or no space for pedestrians. DLB additional director Shekhar said Thursday, "At this stage, we've only received applications. For allotting spaces, ULB commissioners will consult local traffic police. Locations will be finalised only after mutual understanding between both bodies." Sommissioner of JMC-G, Saini said, "Applicants have suggested locations based on their own preferences but as per the new guidelines, sites will be finalised to ensure they don't hinder public movement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo We're committed to avoiding booths on pavements or crowded walkways." He added that RCDF may be given the responsibility of selecting final booth locations, though discussions are still in preliminary stages. A Saras Dairy official, speaking on condition of anonymity, admitted that while booths are meant to sell only Saras products, many are selling products from other brands and even tobacco-based items, in violation of the norms. "We are aware this is wrong, especially the sale of tobacco. We try to discourage it but the problem is many booth operators simply don't want to comply," the official said. He further added that such govt initiatives are often aimed at generating employment but better enforcement and monitoring will be needed to ensure booths serve their intended purpose without disrupting public spaces.
Shafaq News
28-05-2025
- Business
- Shafaq News
Iraq's exports $2.7B in oil to Italy in 2024
Shafaq News/ Iraq delivered $2.68B in oil shipments to Italy in 2024, maintaining its role as a key energy supplier to the European market, official trade data showed. The exports included 4.32 million tonnes of crude oil worth $2.44B, in addition to 435,532 tonnes of petroleum-based derivatives, which generated $242.57M. The total reflected a modest 1% growth in value compared to 2020, indicating consistent trade volumes over the past five years. Italy imports Iraqi oil through long-term agreements with energy firms such as Eni and Saras, which refine the crude in southern Europe, the country being one of Iraq's top European clients, alongside rising demand from other EU nations seeking to diversify supply amid geopolitical shifts. Iraq, a founding member of OPEC, continues to depend on oil for over 90% of its government revenue. Despite production cuts under the OPEC+ agreement, Baghdad's fuel oil exports are projected to reach record highs in 2024, with total oil shipments surpassing 1.2 billion barrels globally.
Time of India
30-04-2025
- Business
- Time of India
IIT-BHU signs MoU with US institute to advance AI education in India
Varanasi: In a major step towards realising India's ambition to become a global AI powerhouse, the Indian Institute of Technology (IIT), BHU signed an with the Saras AI Institute , the world's first AI-exclusive 100% online degree-granting higher education institute based in the US. Tired of too many ads? go ad free now The collaboration is a significant stride towards bridging the critical industry-education gap in AI, empowering the next generation of Indian innovators, and reinforcing the nation's Viksit Bharat 2047 vision. Signed by IIT-BHU director Prof Amit Patra and COO and Co-Founder of Saras AI Institute Amit Kataria, the MoU marks a strategic collaboration to deliver a curriculum that emphasises applied learning over theory. Prof Patra said that the institute is committed to preparing students for the technological frontiers that will define India's future. "Our partnership with Saras marks a significant step towards integrating cutting-edge AI education across disciplines, ensuring that every student—regardless of their field—is equipped to contribute meaningfully to India's digital and economic transformation," he said. Anil Singh, Founder and President of Saras, said that the collaboration with IIT-BHU is not just about teaching artificial intelligence; it's about empowering every student—across all disciplines—with the tools to shape India's destiny in the AI era. Chief Student Success Officer of Saras AI Institute, Shailesh Kumar, mentioned that through this MoU, Saras will offer its foundational 8-week course 'Powers of AI', as an open elective for IIT BHU students. Tired of too many ads? go ad free now It is open to all undergraduate students of all disciplines, ensuring that the transformative potential of AI reaches everyone, from engineering to humanities. Furthering its vision, IIT-BHU and Saras will also co-develop the innovative 'AI Evaluator', a cutting-edge AI-powered assessment tool. This will allow real-time student progress tracking, deliver deep learning insights, and simplify evaluations—a crucial enabler for scaling quality education in a rapidly digitalising Bharat. The MoU also lays the foundation for flexible learning pathways for students and establishes a credit exchange programme. This will enable all students across all disciplines to pursue a Minor in AI online, explore Associate Degree opportunities, and earn industry-recognised AI certifications through Saras AI Institute's digital campus. The MoU also includes joint research opportunities, guest lectures, AI hackathons, workshops, and representation at IIT BHU-led academic and industry events.
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Business Standard
30-04-2025
- Business
- Business Standard
IIT-BHU signs MoU with Saras institute to offer foundation course in AI
Indian Institute of Technology (Banaras Hindu University), Varanasi, on Wednesday announced the signing of a memorandum of understanding (MoU) with United States (US)-based artificial intelligence firm Saras AI Institute. Through this MoU, Saras will offer its foundational eight-week AI course as an open elective for IIT-BHU students. 'This offering is not limited to computer science or circuit branches. It is open to all undergraduate students of all disciplines, ensuring that the transformative potential of AI reaches everyone, from engineering to humanities,' IIT-BHU and Saras said in a joint statement. The institutes added that the partnership is aligned with the government's IndiaAI Mission and Viksit Bharat 2047 vision to democratise AI education. The Saras and IIT-BHU collaboration will also work on co-developing an AI-powered assessment tool, 'AI Evaluator'. The tool will allow real-time student progress tracking, deliver deep learning insights, and simplify evaluations. Commenting on the partnership, IIT (BHU) Director Professor Amit Patra said that the institute is committed to preparing its students for the technological frontiers that will define India's future. 'Our partnership with Saras marks a significant step towards integrating cutting-edge AI education across disciplines, ensuring that every student, regardless of their field, is equipped to contribute meaningfully to India's digital and economic transformation,' he added. The MoU will also focus on establishing flexible learning pathways for students with credit exchange programmes. 'This will enable all students across all disciplines to pursue a Minor in AI online, explore associate degree opportunities, and earn industry-recognised AI certifications through Saras AI Institute's digital campus,' the institutes added.
Reuters
17-04-2025
- Business
- Reuters
Commodity traders expected to submit bids for Italy's IP by May, sources say
MILAN/LONDON, April 17 (Reuters) - Global commodity traders including Glencore (GLEN.L), opens new tab and Gunvor are looking at the possibility to buy oil refiner Italiana Petroli (IP) API group, two sources said on Thursday, adding that binding bids for the company are due by the end of May. State Oil Company of Azerbaijan (SOCAR) is also looking at the asset, the two sources and an additional person with knowledge of the deal told Reuters. IP, which is advised by UniCredit on the potential sale, is owned by the Italian family of Brachetti Peretti and has a total refining capacity of around 200,000 barrels per day (bpd). It also holds a network of 4,600 fuel stations. After the Moratti family sold oil refiner Saras to Vitol last year, a potential deal on IP would give international commodity groups an increasing role in the refining sector in Italy, while private investors retreat as volatility on profits margin increases. In addition to Vitol's purchase of Saras, which operates the 300,000 bpd capacity Sarroch refinery on Sardinia, global commodity trader Trafigura is part of the consortium that bought the 320,000 bpd ISAB refinery on Sicily from Russia's Lukoil in 2023. Swiss trading house Petraco also has a stake in Iplom, which operates the circa 40,000 bpd Busalla refinery near Genoa. It fits into a wider picture of major trading houses snapping up assets in Europe from oil majors and independent firms alike, which might otherwise be looking to close or convert to biorefining their conventional refining assets. IP owns Ancona refinery and the SARPOM refinery in Trecate, near Novara, and has a tolling contract for the Alma refinery in Ravenna. Trecate mainly deals with the production of fuels while the other two plants are producing bitumen. Italian media first reported that the owners of IP were considering the sale of the company, but did not provide details on the timeline for the sale process.
