680 placement offers bagged by IIT-Roorkee students in 1st week

Dec 8, 2017 0

New Delhi– Over 680 offers were bagged by Indian Institute of Technology (IIT)-Roorkee students in the first week of placement season, including 13 from international companies, a statement from the institute said on Friday.

A total of 681 offers — 286 in core sector and 395 in non-core — came from 168 participating companies during the recruiting exercise which began on December 2, it said in a statement.

“This has been a great start to the placement season. Over 50 per cent students have already got offers within the first week and we expect the same pace in the coming week as well,” N.P. Padhy, Placement In-charge, IIT Roorkee said in the statement.

The premier technology institute said the placements this year so far had increased by 21 per cent from last year’s, when in the first week 562 offers were made.

All international offers came from Microsoft, Webstaff Co. Ltd. and Mercari.(IANS)

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Tata Steel receives PM’s Trophy for best steel plant

Dec 8, 2017 0

Hyderabad– Tata Steel Ltd has been awarded the Prime Minister’s Trophy for ‘Best integrated steel plant’ for 2014-15 and 2015-16.

This is the third time in a row that the award has been given to Tata Steel.

Vice President M. Venkaiah Naidu on Friday presented the award to Anand Sen, President, TQM & Steel Business, Tata Steel and R Rabi Prasad, President, Tata Workers’ Union during the Golden Jubliee celebrations of National Mineral Development Corporation (NMDC) here.

The Steel Minister’s trophy was given to JSW Steel Ltd, Vijayanagar. Jindal Steel Plant won the first prize for maximum incremental improvement, while Rashtriya Ispat Nigam Ltd (RINL), Visakhapatnam won the second prize.

Tata Steel has so far been recognised as the best integrated steel plant 12 times; having won the PM’s Trophy 10 times since its inception in 1992-93 and received the Certificate for Excellence twice. (IANS)

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Rajasthan top choice of domestic, foreign investors: Minister

Dec 7, 2017 0

Jaipur– Rajasthan has become the top choice for foreign and domestic investors due to the well coordinated, aggressive and planned efforts of the state government, Industries Minister Rajpal Singh Shekhawat said on Thursday.

More than half a dozen multinational companies have marked their presence in Rajasthan in the past few years, which speaks volumes about the state’s untiring efforts to bring in investment, he added.

Companies like Saint Gobain, Hero Motor Corp, JCB, Honda Chorus, RSWM Ltd have set up plants in Rajasthan while a second Japan zone is being developed in Ghiloth following a request from the Japanese government, the Minister told the media here on the occasion of the completion of four years of the Bharatiya Janata Party government in the desert state.

Ceramic parks in Nimrana and Singhania in Ajmer district are also being developed, he said.

The state has registered 60 per cent success rate in converting investment proposals into reality, Shekhawat added.

Under the ‘Resurgent Rajasthan’ initiative, the state has earned the top position in attracting investments. Even in ‘Ease of Doing Business’, Rajasthan stood among the top states, he said.

Talking of other achievements of the state government, he said 25 new industrial zones have been set up in the state in four years.

“Rajasthan is one of the few states to create big land banks in industrial zone in the state.”

He said the development of a green field electronic manufacturing cluster in the Salarpur industrial area in Alwar was another achievement.

“There has been a massive increase in registrations of small, micro, and medium industries in the state that has made untiring efforts to take the textile industry to new heights,” Shekhawat added. (IANS)

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Chinese hacker groups to shift focus to India in 2018: FireEye

Dec 7, 2017 0

New Delhi– Chinese advanced persistent threat (APT) groups that have allegedly been creating cyber havoc internationally will shift their focus in 2018 to countries like India and Hong Kong and groups seen as a threat to Beijing’s influence over global markets, enterprise cybersecurity company FireEye said on Thursday.

Hacker groups backed by nation-states are termed as APTs.

The changing geopolitical situation in the Asia-Pacific region will give way to such threats.

“For Indian enterprises, one of the most important security questions is, do you know who is targeting you and how they operate? The threat landscape looks very different depending on the nature of your business, the data you hold, your relationships, and more,” Shrikant Shitole, Senior Director and Country Head for India at FireEye, told IANS.

“Organisations cannot effectively measure their security by compliance standards or vis a vis their peers. They must measure it against their adversaries. Can they detect and defend the attacks their adversaries are likely to employ? Most firms are not as secure as they would like to believe,” Shitole added.

For the government and private sector alike, the FireEye executive said, it’s important we shore up defences to avoid a situation like Russia’s meddling in the recent US presidential election.

“The threat actor activity which facilitates these operations often takes place well before election day, and as we saw in the US, targets can be very diverse. The unfortunate reality today is this is threat with which all democracies must contend,” Shitole noted.

In the Asia-Pacific region, FireEye said, China and neighbouring countries are still continuing political disputes, especially with India, South Korea, Japan, the Philippines, Vietnam and other South-east Asian countries.

“Therefore, unorganised ‘hacktivism’ attacks as a response to these political tensions within and against these countries is expected to continue and possibly rise throughout the new year,” the company warned.

According to FireEye, it observed an increase in non-Chinese and non-Russian APT groups in 2017 and expect to discover more in 2018.

“Recently we did a report on APT33, a threat group out of Iran. They’re primarily targeting the kingdom of Saudi Arabia, the United States, and Israel. Those nations tend to pop up on Iran’s radar when it comes to targeting. It’s game on for them,” Kevin Mandia, CEO, FireEye, said in a statement.

Ransomware is expected to rise in 2018, especially as administrators are slow to patch and update their systems.

Other popular techniques that will continue to be used in 2018 are strategic web compromises and spear phishing, especially in targeted attacks. We also expect to see many more destructive worms and wipers, the cybersecurity firm noted.

However, adoption of Cloud technology among majority of businesses will increase in 2018.

“You have to be ready for even the most seemingly simple threats, and you have to detect them, because I don’t believe we’re going to be able to do security risk transfer to have the Cloud providers detect it. It’s a tough thing to do,” Mandia said.

“They can’t tell you how your users normally use their email. They just try to make it available to your users. So, we’re going to have a lot of interesting challenges and complexities there,” he added.

Meanwhile, as cryptocurrency continues to skyrocket in value and popularity, malware targeting anonymous currencies such as bitcoin will increase in 2018.

“Moving into 2018, we expect to see much more malware actively stealing cryptocurrency from weakly protected wallets, shimming password entry to wallets, stealing offline wallets for brute forcing or using credentials stolen from the same user,” the firm said. (IANS)

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500 hired in first 5 days at IIT Delhi

Dec 7, 2017 0

New Delhi–  More than 500 students were hired by recruiters — including 25 international — up to the fifth day of the ongoing placement exercise at the IIT Delhi, the institute said on Thursday.

The first phase of placements was started on December 1 and will continue till December 15. The second one will begin in January.

“The international offers came from companies in Singapore, Hong Kong, the US, Amsterdam and Japan. Among the international offers, a maximum of six offers were fetched from Microsoft on December 1,” a statement from the Indian Institute of Technology (IIT) Delhi read.

Among the national recruiters, maximum number of offers (30) came from INTEL, said the statement.

Indian Space Research Organisation, a government body, participated among the recruiters on the first day of placements.

“Placements had started on a very optimistic note this year. We hope that this trend continues for the rest of the placement season,” I.N. Kar, Professor-in-charge of placement at IIT Delhi said in the statement.

Over 300 organisations across sectors offering over 500 job roles have already registered for placements in the coming few days, the statement added. (IANS)

 

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Sugar production pegged at 39.51 lakh tonnes by November-end: ISMA

Dec 5, 2017 0

New Delhi– The Indian Sugar Mills Association (ISMA) on Tuesday said sugar production in the country till November 30 was 39.51 lakh tonnes – 11.69 lakh tonnes more than that during the corresponding period last year.

“As compared to 79 per cent higher sugar production till November 15 vis-a-vis on the same date in previous year, the gap has come down to 42 per cent at the end of November 2017,” as per a release by the association.

ISMA, which represents private sugar mills, said 443 sugar mills were crushing sugarcane on November 30 while the number was 393 last year.

It said 170 operational sugar mills in Maharashtra had produced 14.90 lakh tonnes as compared to 9.42 lakh tonnes by 142 mills in the corresponding period last year.

In the case of Uttar Pradesh, 110 sugar mills had produced 13.59 lakh tonnes till November 30 when 103 sugar mills had produced 8.48 lakh tonnes during the same period last year.

In Karanataka and Gujarat, sugar production on November had touched 6.82 lakh tonnes and 1.8 lakh tonnes in November-end, respectively.

Sugar season 2017-18 had started with an opening balance of around 38.76 lakh tonnes –lowest ever in the last several years.

“With an anticipated normal sugar production of about 251 lakh tonnes and imports of about 2.85 lakh tonnes (of whites equivalent), the total availability of sugar in the current season is estimated at 292.61 lakh tonnes,” the release said.(IANS)

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Oracle, Karnataka ICT Society to train 120 teachers

Dec 5, 2017 0

Bengaluru– Oracle and the ICT Society (ICTS) of Karnataka on Tuesday collaborated to ramp up the skillsets of 120 teachers of computer science in over 60 colleges, over a period of three years.

As part of the collaboration, the teachers will be instructed through Oracle Academy courses, including java foundation, java fundamentals, java programming, database foundation, database design and programming amongst many others.

“Karnataka is an emerging hub for education and technology. We are delighted to work with the ICT Society of the State to meet the snowballing global demand for highly skilled, industry-ready professionals,” Damian Haas, Regional Director (Japan and Asia-Pacific), Oracle Academy, said in a statement.

“With this collaboration, Oracle remains committed to creating a future-ready workforce and thereby, address the skills gap challenge.”

The initiative is aimed at increasing the productivity and employability of the state’s working population, both in the organised and unorganised sectors.

In the past fiscal year, Oracle Academy supported over 3.5 million students in 120 countries across 12,000 institutions through an in-kind grant value of $3.75 billion.

In India, Oracle Academy currently teams with more than 1,700 educational institutions, the statement said. (IANS)

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Citrix realigns focus to provide unified solutions in Indian market

Dec 5, 2017 0

By Nishant Arora 

New Delhi– With distruptive technologies fast gaining ground, global IT companies are realigning their focus in the Indian market. Sensing opportunity, desktop virtualisation leader Citrix is all set to help customers build secure, modern workplaces by unifying apps, data and services.

Work is transforming and there are many forces at play. The most notable is the rise of Cloud, Mobile, Artificial Intelligence (AI) and Internet of Things (IoT) which are creating new business models at the cost of old ones and empowering users like never before.

At this juncture, says Makarand Joshi, Area Vice President and Country Head, India Subcontinent, Citrix, the scale of digital transformation at enterprises requires a thoughtful strategy that balances data security with ease of access and maintains control while optimising user flexibility.

“We at Citrix have strategically realigned our focus on providing solutions in the Indian market that aid the creation of digital workspaces. We intend to provide solutions that allow for integration of transformative technologies without causing interruption to the delivery continuity,” Joshi told IANS in his first interview to any media after joining Citrix.

Joshi, who was associated in various leadership roles in sales, marketing and operations with Microsoft, joined Citrix in August this year. He is responsible for accelerating and transforming the business in India, Sri Lanka, Bangladesh, Mauritius and Nepal.

“Citrix will continue to support businesses in their transition, through focused offerings in the Cloud, mobility and the virtualisation space in India,” Joshi added.

Citrix provides server, application and desktop virtualisation, networking, software as a service and cloud computing technologies.

For the third quarter in fiscal year 2017, Citrix achieved revenues of $691 million, compared to $669 million in the third quarter last year — representing a three per cent revenue growth.

Citrix solutions are in use by more than 400,000 organisations and 100 million users globally, including in India.

“We understand that Indian businesses are heterogeneous and there are no one-fit-all solutions that will work. In alignment with these specific requirements that differ in factors like scale and IT needs, Citrix is well positioned to deliver suitable solutions that effectively address businesses’ definite tasks,” Joshi noted.

The world is headed for a future in which everything will be connected to the Cloud — not just traditional servers and clients but any kind of industrial plant, building, vehicle, machinery and device.

“Indian conglomerates see digitisation as a necessity to be competitive and engage their customer base actively. Citrix is helping many enterprises achieve this balance. Historically, our virtualisation technologies have been chosen by many government entities to deliver a secure, reliable and accelerated access to traditional distributed computing,” the top company executive said.

With nearly 5,000 customers in India, including Mafatlal Industries, BPO firm Aegis, Pune-based multi-speciality Hospital Ruby Hall Clinic and agri-sciences company PI Industries, Citrix has been in the country for the past 15-20 years, but the real journey started some five-seven years ago when enterprises started adopting Cloud and real-time data analytics.

The company is now set to hire and invest more in India.

“We are bullish on India and looking forward to cement our position in an ever-growing market. The country is fast embracing technology. At the same time, the speed at which our Indian customers are implementing Citrix solutions is growing exponentially,” Stanimira Koleva, Vice President, Asia Pacific and Japan (APJ), Citrix, had told IANS earlier.

According to Joshi, there has been a thrust for digitisation of processes and financial institutions in the country are fast embracing digital operations, hyper-integrated banking apps and back-office automation.

“Citrix is the primary technology provider in this space. We have found a number of government, banking, finance and insurance companies that are activity pursing digital transformation and simultaneously investing in security to protect their assets,” Joshi told IANS.

Citirx technologies enable apps and data to run securely in the data centre instead of the end-point device which has multiple security vulnerabilities. They allow employees to access all apps and data on any device, while giving IT the means to maintain security with uniform policy enforcement, full compliance and efficient control.

“Besides the banking, financial services and insurance (BFSI) sector, we see the public, telecom and ITeS sectors undergoing tremendous transformation. They are steadily adopting Cloud, mobility and virtualisation solutions to bring efficiency to their operations,” Joshi said.

With India headed in the direction of becoming a mobile-first, digital economy, Citrix expects the demand for secure solutions to become universal.

“Citrix has always been vocal about partners playing a crucial role in cementing our position as a reliable and credible solutions provider in the India market. We have managed to gain a sizable market share because of our partners’ successful articulation of our offerings,” Joshi noted. (IANS)

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Indian companies raise Rs 49,175 cr via IPOs during the ongoing fiscal

Dec 4, 2017 0

Mumbai– Indian companies have raised Rs 49,175 crore in just the first seven months of the current fiscal, a State Bank of India (SBI) research report said on Monday.

According to the Economic Research Department (ERD) in the SBI Corporate Centre, surge in the country’s stock markets, along with easing of listing criteria encouraged many firms to hit the equity indices for capital.

“The rising interest in IPO could be attributed to a number of reasons… the easing of listing criteria for MSME resulting in more number of companies hitting the capital market and on the other hand, increased interest is from retail investors and strategic investors like sovereign wealth funds who view the rising market as an opportunity to deploy money,” the SBI Ecowrap report said.

“Moreover, the surge in the secondary market in general has encouraged many companies to hit the equity market for capital in search for better valuations. When the market rise it is the best time for promoters to raise money from the market.”

The report pointed out that over 110 Indian companies have raised Rs 49,175 crore in just the first seven months period of the current fiscal. The Indian IPO market picked up with 70 and 106 companies which were listed in the last two years.

“This further gained momentum in the current fiscal with 112 companies already hitting the IPO market till October 2017,” the report said.

“India raised a whopping Rs 46,121 crore and Rs 49,438 crore in FY10 and FY11 respectively. After this the market had turned lukewarm. In the current fiscal, Indian companies have raised Rs 49,175 crore in just 7 months period. Interestingly, this is more than the amount raised between FY12-FY16 put together.” (IANS)

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India wins election to global maritime body

Dec 1, 2017 0

London– India on Friday won the election to the Council of International Maritime Organisation (IMO) in Category-B which represents the developing countries and countries with largest interests in international sea-borne trade.

A senior official said that India won with second highest margin securing 144 votes of member countries while the highest was secured by Germany.

India had on Tuesday forwarded its candidature for re-election to the IMO Council in Category-B. Road Transport and Highways Minister Nitin Gadkari was in London to address IMO’s annual session.

“India’s campaign at highest level has ensured record votes,” the government official said.

The IMO, known as the Inter-Governmental Maritime Consultative Organisation (IMCO) until 1982, is a specialised agency of the United Nations responsible for regulating shipping. (IANS)

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