Now Loading

Amit Shah Launches Pradhan Mantri Colleges of Excellence in Madhya Pradesh

Union Home Minister and Minister of Cooperation, Amit Shah, inaugurated the Pradhan Mantri Colleges of Excellence in Madhya Pradesh, marking a significant step towards enhancing educational infrastructure across the state. These institutions, constructed at a cost of Rs 486 crore, are set to benefit all 55 districts of Madhya Pradesh.

During the inauguration, Shah underscored the pivotal role of robust educational foundations in India’s envisioned development by 2047. He commended Prime Minister Narendra Modi‘s vision in introducing the New Education Policy (NEP) in 2020, aimed at meeting the educational requirements for the next 25 years. Emphasizing the NEP’s goal of holistic development, Shah highlighted its focus on integrating academic learning with life skills, encouraging innovative thinking.

The NEP encompasses practical, skill development, and vocational training to equip students for the challenges posed by the digital age, including internet, artificial intelligence, and data analytics. The Pradhan Mantri Colleges of Excellence offer diverse disciplinary studies, enabling students to pursue interests in fields such as biotechnology, computer science, culture, and arts. Additionally, courses like B.Ed and B.Sc Agriculture have been introduced, fostering links between education and entrepreneurial opportunities.

UptimeAI Secures $14 Million in Series A Funding Round

UptimeAI, an artificial intelligence startup, has successfully raised $14 million in its Series A funding round. The investment was led by WestBridge Capital, with participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures. The funding will enable UptimeAI to scale its technological platform, expand its product range, and bolster its presence across North America, the Middle East, and Asia.

With offices in Bengaluru and San Francisco, UptimeAI, founded five years ago, specializes in AI-driven solutions designed to optimize efficiency and reliability for plant operators across various sectors including power, oil and gas, chemicals, metals, and aerospace. The company’s offerings include four core modules: “connect the dots,” no-code predictive alerts, an inferencing engine for prescriptive actions, and continuous self-learning. UptimeAI boasts a patented system for monitoring complex structures to pinpoint inefficiencies at their root.

Last September, Bharat Petroleum Corporation Limited (BPCL) partnered with UptimeAI to enhance operational efficiency. Co-founded by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI emerged from the YourNest SOAR Program and previously raised $1.5 million in seed funding from YourNest Venture Capital and angel investors in February 2021.

In the competitive landscape, UptimeAI faces rivals like Tiger Global-backed Infinite Uptime, which secured $18.85 million in funding last May. Other global competitors include Sight Machine, Prospection SparkCognition, and Augury.

Uttar Pradesh Government Undertakes Major Bureaucratic Reshuffle: 10 IAS Officers Transferred to Key Positions

In a significant administrative reorganization, the Uttar Pradesh government has transferred 10 IAS officers across various key positions. Chandra Vijay Singh has assumed office as the new District Magistrate (DM) of Ayodhya, succeeding Nitish Kumar. Nitish Kumar, the outgoing DM, has been appointed as Commissioner of the Azamgarh Division.

Among other notable appointments, Sujata Singh has been designated as the Secretary of Urban Development, and Ajay Shankar Pandey has been reassigned as Secretary of Agriculture. Vineet Kumar has been appointed as the Special Secretary of the Home Department, while Shashi Prakash Goyal has taken charge as the Divisional Commissioner of Varanasi. Ravi Ranjan now serves as the Special Secretary of Revenue, and Abhay Kumar Singh has been appointed as the Additional Director of Administration in the State Health Department.

Further, Nidhi Kesarwani has been appointed as the Chief Development Officer of Lucknow, and Anupam Shukla has assumed the role of Deputy Secretary in the Finance Department.

PNB and SAIL Forge Partnership to Enhance Financial Services for Steel Sector Employees

PNB (Punjab National Bank) has entered into a Memorandum of Understanding (MoU) with Steel Authority of India Limited (SAIL), marking a strategic partnership aimed at enhancing financial services for SAIL employees and expanding PNB’s customer base within the steel sector.

Under the agreement, PNB will offer specialized financial products such as car loans, home loans, and education loans to SAIL employees at preferential rates. The MoU was formalized by Sudhir Dalal, General Manager of PNB’s Business Acquisition & Relationship Management Division (BARM), Bikram Uppal, General Manager of SAIL, and Lavika Jain, General Manager – Finance at SAIL.

This collaboration is expected to bolster financial well-being among SAIL employees while augmenting PNB’s market presence in the industry sector.

AI & ML: Dynamic Duo Defending Against Cyber Threats & Outpacing Hackers

AI and ML have rapidly become fundamental in cybersecurity, playing a crucial role due to the exponential data growth and increasingly complex cyber threats. These technologies enhance security frameworks by analyzing extensive datasets and identifying patterns that indicate potential threats. This allows organizations to detect and respond to cyber threats more swiftly and accurately than traditional methods. In this regard, Siddharth Mala, Correspondent, ObserveNow Media interacted with Sanket Sarkar, Founder, Zeron to gain deeper insights into the crucial applications of AI& ML in cybersecurity and explore the future potential of these transformative technologies.

sanket
Sanket Sarkar, Founder, Zeron

Prior to the advent of AI, cybersecurity predominantly depended on conventional approaches. Organizations utilized rule-based systems and signature-based detection techniques to identify known threats, such as viruses and malware. These traditional methods, however, struggled to cope with the increasingly complex and evolving nature of cyber threats. Human analysts had to manually review logs and data, often resulting in delayed responses and overlooked vulnerabilities. The absence of automation and real-time analysis posed significant challenges in countering rapidly changing attack techniques. Furthermore, the sheer volume of data that needed to be processed impeded effective threat detection and response. As cyber threats grew more intricate, the limitations of the traditional approach became evident, highlighting the necessity for a more dynamic and proactive solution.

One of the most significant contributions of AI in cybersecurity is in the detection and classification of malware. Machine learning algorithms can be trained to identify the characteristics of various types of malware, including viruses, worms, and trojans. This training allows the system to recognize and classify new malware in real-time, even if it has never been encountered before. The ability to swiftly and accurately identify new threats is a substantial improvement over traditional methods, which often relied on predefined signatures and rules that could not adapt to novel threats.

Commenting on the same Sanket stated AI and machine learning requires organizations to embrace innovation while fortifying their defenses against malicious threats. A proactive, multi-layered approach to security is paramount. Building robust AI systems begins with embedding security measures into the very foundation of model development, emphasizing continuous testing, validation, and vigilant threat modeling. Hardening models through adversarial training – exposing them to diverse attack scenarios – is crucial to building resilience against evolving threats. Real-time monitoring and anomaly detection provide an early warning system, enabling swift responses to potential breaches. Collaboration within the AI community to share threat intelligence and defensive strategies is a powerful force multiplier, ensuring a collective defense against sophisticated adversaries.

The exponential growth of AI-powered IoT deployments has introduced both opportunities and challenges in cybersecurity. IoT devices and interconnected systems are increasingly targeted by emerging cyber threats due to their widespread adoption and often inadequate security measures.

Sarkar highlighted The explosive growth of AI-powered IoT devices presents a vast attack surface that demands a comprehensive security strategy. Unbreachable device authentication through hardware-based security modules, unique identifiers, and certificate-based authentication should be non-negotiable. Regular, automated updates are essential to patch vulnerabilities before they can be exploited. Zero-trust networking principles, where every device is treated as a potential threat, minimize the risk of lateral movement within networks.

AI itself can be a potent weapon in this battle. Machine learning algorithms can analyze vast amounts of IoT data to detect anomalies, enabling swift identification and neutralization of threats. Blockchain technology can further enhance security by ensuring data integrity and immutability within IoT systems further stated Sarkar.

In the era of stringent data protection regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), organizations must navigate the challenges of leveraging AI and machine learning while ensuring compliance and safeguarding customer data privacy. This entails implementing robust data governance frameworks, anonymizing sensitive data, and maintaining transparency in data processing activities. By adopting these measures, organizations can harness the power of AI and ML to enhance cybersecurity while adhering to regulatory requirements and protecting individual privacy.

Harnessing the power of AI and ML while navigating the complex landscape of data protection requires a nuanced approach. Minimizing data collection and adhering to strict purpose limitations are fundamental principles. Innovative techniques like federated learning, where models are trained on decentralized data, and differential privacy, which adds noise to protect individual information, empower organizations to unlock the potential of AI without compromising privacy. Transparency and explainability in AI/ML systems are paramount. Organizations must clearly articulate how decisions are made, offer avenues for recourse, and empower individuals to exercise control over their data. Collaboration with legal and privacy experts is vital to ensure ongoing compliance with evolving regulatory frameworks concluded Sarkar.

AI and ML are revolutionizing the field of cybersecurity, offering advanced capabilities for threat detection and response. These technologies are essential for addressing the growing complexity and volume of cyber threats. As AI and ML continue to evolve, their applications in cybersecurity will expand, offering even more sophisticated tools and techniques to safeguard digital assets. The future of cybersecurity lies in the seamless integration of AI and ML, enabling organizations to stay ahead of cyber threats and protect their critical infrastructure and data.

MetLife Appoints Shurawl Sibblies as New Chief Human Resources Officer

MetLife Inc has announced that Shurawl Sibblies will become the new Executive Vice President and Chief Human Resources Officer, effective August 1. She will report to Michel Khalaf, MetLife’s President and CEO, according to the company’s statement.

Sibblies joins MetLife from American Express, where she served as Executive Vice President and Colleague Strategic Partner, focusing on talent, organizational, and leadership development strategies. Her previous roles include positions at TIAA, Citigroup, and Hewlett-Packard.

Michel Khalaf, MetLife’s President and CEO, expressed his confidence in Sibblies, stating, “Shurawl will build on our progress to foster a purpose-driven, inclusive culture that attracts, develops, engages, and retains world-class talent. With her exceptional track record of developing high-performing teams globally, Shurawl is well positioned to continue to empower our people for the future and make a difference in the lives of our customers and the communities we serve.”

Shurawl Sibblies also shared her enthusiasm, saying, “People are at the heart of HR and drive company performance, and MetLife shares my passion to empower people to be their best and enable organizations to thrive. I’m thrilled to be rejoining the company.”

Manoj Kumar Dubey Appointed CMD of Indian Railway Finance Corporation Ltd.

Manoj Kumar Dubey has been named Chairman & Managing Director (CMD) of the Indian Railway Finance Corporation Ltd. (IRFC). Currently, Dubey is the Director (Finance) at Container Corporation of India Ltd. (CONCOR) and is a 1993-batch Indian Railway Accounts Service (IRAS) officer.

Dubey’s appointment received unanimous approval from the Search Cum Selection Committee (SCSC) during their meeting on Tuesday. For the past two years, Shelly Verma, Director (Finance) at IRFC, has served as interim CMD, with the position being filled on an ad-hoc basis. Dubey’s appointment is now pending final approval from the Appointments Committee of the Cabinet (ACC). Once approved, Dubey is expected to bring his extensive financial expertise to advance IRFC’s strategic initiatives.

Founded in 1986, IRFC is the dedicated funding arm of Indian Railways, responsible for raising funds from both domestic and international markets to meet the substantial financial needs of the railway sector. The corporation operates as a Schedule ‘A’ Public Sector Enterprise under the Ministry of Railways, Government of India.

IIT Madras Announces Rs 5 Crore Investment in Sports Startups and Launch of 4-Year Sports Science Course

The Indian Institute of Technology, Madras (IIT-M), has unveiled plans to invest up to Rs 5 crore in select sports startups over the next five years. This announcement was made during a two-day sports tech startups conclave in New Delhi. IIT Madras aims to support at least 200 sports tech startups through this initiative, with funding provided by IIT Madras Pravartak Technologies.

Prof. V Kamakoti, Director of IIT Madras, highlighted the growing role of technology in sports and the institute’s commitment to integrating the two fields. “The market for sports technology is significant, and it is essential to develop indigenous products for Indian sportspersons, covering aspects from health monitoring to performance improvement,” he stated.

In addition, IIT Madras will introduce a four-year course on sports science starting in the 2025 academic session. This course, part of the Centre of Excellence in Sports Science and Analytics (CESSA), aims to foster deep tech startups in the sports sector. Professor Mahesh Panchagula, head of CESSA, mentioned ongoing efforts to finalize the course details, including eligibility and structure. Currently, the institute offers short courses in sports psychology, exercise physiology, strength conditioning, and nutrition, accessible to all.

The Madras-based institute has also developed expertise in sports such as boxing, judo, wrestling, game and training analysis, and sensor technology for tennis and badminton. Notably, ESPN utilizes IIT Madras’ smart tech to enhance game viewing and fan engagement.

IIT Madras supports Indian government initiatives and sports bodies’ efforts towards hosting the Olympics in 2036, aiming for Indian athletes to win at least 50 medals. The institute collaborates with the National Centre for Sports Sciences and Research (NCSSR) to address issues in AI, data analysis, and archery. Additionally, IIT Madras launched EduSwasth, an initiative to integrate technology into school physical education in India.

Assam Grants Free Higher Education to 95,000 Students in Major Initiative

In a landmark decision aimed at increasing access to higher education, Assam has awarded free college admissions to nearly 95,000 students from underprivileged backgrounds. Chief Minister Himanta Biswa Sarma made the announcement on Wednesday, reaffirming the state’s commitment to supporting education from Class 11 to postgraduate levels.

Under the ‘Pragyan Bharati Scheme,’ Sarma allocated Rs 68.44 crore to 349 colleges and universities to fund higher secondary, undergraduate, and postgraduate programs in arts, science, and commerce. During the announcement, he stressed the initiative’s role in empowering economically disadvantaged students.

“Today, almost one lakh students have gained access to free education. This scheme aims to promote inclusivity and support students from underprivileged communities,” Sarma stated.

For the 2024-25 academic year, 94,838 students from low- and middle-income families have already benefited from the initial phase of the program. The Rs 68.44 crore allocation will be followed by additional payments pending document verification.

“The next round of admissions and fee waivers for CUET and non-CUET candidates will take place in September,” Sarma added.

Education Minister Ranoj Pegu also announced changes to the eligibility criteria, increasing the parental income threshold from Rs 2 lakh to Rs 4 lakh, thus allowing more students to qualify. Additionally, colleges will now accept ration cards as proof of family income instead of requiring income certificates.

Since its launch, the Pragyan Bharati Scheme has assisted a total of 2.23 million students, with a cumulative funding of Rs 826.36 crore reported up to the last academic year. This initiative highlights Assam’s commitment to removing financial barriers to education.

Minister for IT&DS Dr. Palanivel Thiaga Rajan Outlines Tamil Nadu’s Vision for Emerging and Deep Tech Innovation

The Tamil Nadu Technology Hub (iTNT Hub), inaugurated by the Hon’ble Chief Minister Thiru. M.K. Stalin in May 2023, celebrated its first iTNT Day in Chennai on Thursday. Established with the support of the Ministry of Electronics and Information Technology (MeitY), Government of India, and the Information Technology and Digital Services (IT&DS) Department, Government of Tamil Nadu, the hub has garnered significant industry backing.

The event brought together international partners, industry leaders, academics, innovators, startup founders, and government officials, marking the creation of India’s first Deep Tech Innovation Network aimed at fostering transformative global innovation. The gathering set the stage for key initiatives for 2024-25.

Dr. Palanivel Thiaga Rajan, the Hon’ble Minister for IT&DS, delivered the keynote address, emphasizing the strength of Tamil Nadu’s startup ecosystem in Deep Tech and Emerging Tech. Dr. J. Jeyaranjan, Vice Chairman of the Tamil Nadu State Planning Commission, highlighted iTNT’s role in driving innovation in the state’s economy.

MeitY Secretary Thiru. S. Krishnan, I.A.S., discussed the forthcoming National Deep Tech Startup Policy designed to create a supportive environment for innovation. Additional Chief Secretary to Government, IT&DS, Thiru. Dheeraj Kumar, I.A.S., detailed the department’s efforts to bolster Tamil Nadu’s Emerging and Deep Tech sectors through broad stakeholder engagement.

The Hub signed MoUs with several key entities, including Tamil Nadu Smart and Advance Manufacturing Centre (TANSAM) with Siemens, Tamil Nadu Centers of Excellence for Advanced Manufacturing (TANCAM) with Dassault Systèmes, Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), Amazon Web Services (AWS) India, Microsoft India, D Labs Incubator Association, India School of Business (ISB), T-Hub, and T-Works, Hyderabad.

A highlight of the event was the two “Technology Transfers” facilitated by iTNT Hub via its “Jigsaw” platform, overseen by the Hon’ble Minister for IT&DS. Jigsaw, which promotes Industry-Academia collaboration, was launched earlier this year by Thiru. Udhayanidhi Stalin, the Hon’ble Minister for Youth Welfare and Sports Development. Over 4,100 academic researchers specializing in Emerging and Deep Tech fields have joined this platform.

The Technology Transfers involved Sathyabama Institute of Science and Technology researchers, including an Expression of Interest signed by Dr. Manjula, Assistant Professor, Department of Physics, and Astromeda Space Private Limited, and an MoU between Dr. Parthasarathy, Scientist E, Centre for Drug Discovery and Development, and Vivagen Dx Labs (OPC) Pvt. Ltd.

Tmt. Vanitha Venugopal, CEO of iTNT Hub, moderated a panel discussion on “Intellectual Property & Tech Transfer for Deeptech Innovations – Role of Academia, Startups, Government, and Industry,” featuring Dr. R. Velraj, Vice Chancellor of Anna University; Mr. Thangapandian, Joint Controller, Office of the Controller General of Patents, Designs & Trademarks; Mr. Krishna Chaitanya, CEO of TNIFMC; and Mr. P. Padmakumar, Chairman of CII SR Skills Taskforce & ED.

Additionally, MoUs were signed with 50 higher education institutions to promote research, development, and innovation on campuses by supporting academic researchers, innovators, and student entrepreneurs. Key officials from the Union Ministry of Electronics & Information Technology (GoI) and the IT&DS Department (Tamil Nadu) addressed the exclusive gathering.

Upcoming Conferences