Turkiye won't be part of stone exhibition in city
2
Jaipur: Turkiye always dominated the leading dimensional stone exhibition in Jaipur, but it is not going to be part of the upcoming edition slated for Feb next year. The organiser of Stone Mart, Laghu Udyog Bharti, said on Monday that they reached out to 13 nations, including China, which remained absent in the past two editions of the bi-annual event.
Keeping in view the national sentiment against Turkiye after Operation Sindoor and its support to Pakistan, Naresh Pareek, National Secretary of Udyog Bharti, said they did not initiate any talks with the companies of the country. Rather, he mentioned that officials of Chinese companies will participate in the event, and the Union govt has given permission to issue visas to them. "We are not worried about Turkiye's absence.
It is up to the central govt whether to invite them or not. We have started booking stalls for 13 foreign nations like Norway, Italy, Iran, and Oman," said Pareek. He added that a lot of Chinese machine manufacturers from China are going to attend the event. "They have developed cutting-edge machinery used in the stone sector. Their participation will add great value to the stone industry," added Pareek.
The quality of Indian stones is appreciated in global markets, but due to a lack of marketing and promotional activities, the demand is not as high. "Indian stones are well accepted in global markets, but marketing of products has not been done effectively, which we are trying to address. In the past months, Laghu Udyog Bharti, along with the Centre for Development of Stones (CDOS), participated in international stone exhibitions held in countries like Italy, China, the USA, the UK, and Russia," he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
15 minutes ago
- The Hindu
CoinDCX hit by $44.2 mn security breach; founders say customer funds unaffected, safe
Indian cryptocurrency exchange CoinDCX has suffered a security breach, resulting in theft of $44.2 million, or ₹378 crore, even as the founders took to X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal operational account. The total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves, the company said in a First Incident Report released on Sunday. According to the report, on July 19, at 4 a.m., CoinDCX security systems detected an incident involving unauthorised access to one of its accounts on the partner exchange, leading to a financial exposure of about $44 million. The incident once again puts the spotlight on mounting security threats in the highly volatile world of cryptocurrencies. Last year, crypto exchange WazirX faced a hack in India, leading to the loss of more than $230 million, and marking one of the biggest such heists in India. The theft had prompted a thorough examination of safety measures and eroded sentiments. CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal took to the social media platform X to address the situation, confirming that the attack was the result of a sophisticated server breach, targeting an internal wallet, not the ones holding customer assets. The incident was first flagged by blockchain investigator ZachXBT, following which the exchange made the disclosure public. "Today, one of our internal operational accounts -- used only for liquidity provisioning on a partner exchange -- was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe. This won't cause any loss to our customers. CoinDCX will be bearing the full amount," Mr. Gupta said. "The total amount lost was USD 44Mn out of our treasury assets. Coindcx Treasury will be bearing these losses," Mr. Khandelwal wrote. Following this, users rushed to check their balances, leading to a spike in withdrawal requests. The sudden surge in activity led to CoinDCX's portfolio APIs, which display user balances and transaction histories, becoming jammed and unresponsive. For several hours, many were unable to even see their holdings on the app, adding fuel to rumours and anxiety online. The co-founders later updated that Portfolio APIs have been restored. Affected infrastructure has been completely isolated, and CoinDCX operations continue to run normally, the company said. CERT-In, or the Indian Computer Emergency Response Team, has been informed about the incident. Detailed forensics with two globally reputed security agencies is being carried out, and reports will be shared for public benefit, it added. "CoinDCX services remain fully operational. Trading activity, INR deposits and INR withdrawals continue. INR withdrawals below Rs 5 lakhs will reflect in your account within 5 hours, while withdrawals above Rs 5 lakhs will be processed within 72 hours. The incident was isolated and has no impact on your portfolio access or operations," the company stated. Social media is flooded with mixed reactions. While some praised CoinDCX for absorbing the losses and protecting user funds, others criticised the delay in public disclosure and raised concerns over the broader security of crypto platforms in India. "Coindcx silent for 17 hours? That's more suspense than a thriller! In crypto, transparency isn't optional; it's key. Stay open to keep trust alive!" a user wrote. "Good to see CoinDCX acting responsibly, assuring user funds are safe, and not passing losses onto customers. Sets a positive precedent for Indian crypto exchanges," another said.
Deccan Herald
44 minutes ago
- Deccan Herald
France faces another tough wheat export year despite better crop
France could struggle to sell a much bigger wheat crop expected this year as export options for the European Union's top wheat producer have narrowed due to less demand from Algeria and China as well as strong competition from cheaper Black Sea grain. Sparse overseas demand could lead France to stock hefty amounts of wheat or offload more crop in livestock feed markets. Either outcome could keep prices below production costs, a trend that has fuelled farmer protests in the past year. Farm office FranceAgriMer on Wednesday projected French soft wheat exports outside the EU in 2025/26 at a relatively modest 7.5 million metric tons, contributing to a forecast 21-year high for end-of-season stocks. Sales to Algeria and China, among France's biggest wheat buyers in recent years, stalled last season due to a diplomatic fallout between Paris and Algiers and a general drop in Chinese imports amid hefty domestic supply. A smaller than normal 2024 French crop meant steady demand from Morocco and West Africa, plus sporadic sales to Egypt and Thailand, absorbed last season's surplus. But that may no longer be enough. "The harsh reality is that France has a huge challenge to reach a 7.5 million ton export programme," Rory Deverell, owner of Black Silo Commodity Consulting, said. A price rise in Russia amid tight availability in the world's biggest wheat supplier may offer only brief respite, with Russian and other Black Sea region producers expected to sweep up near-term demand, as shown by this week's 1 million ton purchase by Algeria. 'Russia, Ukraine, Romania and Bulgaria are likely to dominate wheat exports in coming months," a German trader said. 'The west EU faces the threat of being only a niche wheat exporter."
Deccan Herald
an hour ago
- Deccan Herald
EU's new sanctions on Russia to hit India's petroleum exports
Indian refiners purchased Russian crude at discounted rates. A substantial part of the refined products like diesel, petrol and aviation turbine fuel (ATF) were exported to European countries.
