Latest news with #VisvesvarayaTechnologicalUniversity
India.com
4 days ago
- Business
- India.com
Meet the owners of CoinDCX and WazirX, victims of India's biggest crypto theft after platforms hit by Rs 23610000000 cyber crime
Meet the owners of CoinDCX and WazirX, victims of India's biggest crypto theft after platforms hit by Rs 23610000000 cyber crime Recently, two of India's major cryptocurrency exchanges, CoinDCX and WazirX, have become victims of serious cyber attacks. CoinDCX suffered a loss of around Rs. 378 crore (about 44 million dollars) due to a breach in one of its internal accounts. This hacking incident took place on July 19. Last year, crypto exchange WazirX was also hit by a major cyber attack, just like the recent one at CoinDCX. In that incident, hackers stole user holdings worth about USD 230 million (around Rs. 1,983 crore). Over the last few years, India has seen multiple cyber fraud cases in the crypto sector, and now CoinDCX has also joined the list of affected companies. The total value of both attacks adds up to a shocking Rs. 2,361 crore. Let's take a quick look at the people behind these two popular crypto exchanges: WazirX, Founded by Nischal Shetty Nischal Shetty is the founder and CEO of WazirX, one of India's top cryptocurrency platforms. He is from Mumbai and studied computer science at Visvesvaraya Technological University and graduated in 2007. He started his career as a software developer. In 2010, he launched his first startup called Crowdfire, a social media management app that became quite popular. In 2018, Nischal started WazirX to help more people in India learn about and use cryptocurrency. The platform grew very fast and got over 1 crore (10 million) users. In 2019, it was bought by Binance, the world's biggest crypto exchange. Later, in 2022, Nischal started a new project called Shardeum. It's a blockchain platform that is built to work for a large number of users. Its goal is to make blockchain technology easier to use and more helpful for everyone. As per a recent Business Today report, Nischal Shetty and WazirX co-founder Siddharth Menon have moved to Dubai, but WazirX still has offices in Mumbai and Bengaluru. Who owns CoinDCX? While WazirX has been in the spotlight, CoinDCX, another major Indian crypto exchange, also made headlines after the recent cyber attack. CoinDCX was founded in 2018 by Sumit Gupta and Neeraj Khandelwal. Sumit Gupta, an IIT Bombay graduate, is the current CEO of the company. At just 19 years old, he started his first business and also worked at a multinational company in Tokyo.
The Hindu
6 days ago
- Business
- The Hindu
KGTTI invites applications for PG certificate, diploma courses
Karnataka German Technical Training Institute (KGTTI), Kalaburagi, in association with Visvesvaraya Technological University (VTU), Belagavi, has invited applications for Post Graduate Certificate Programme in Industrial Training and Networking Engineering. KGTTI Director S. Prashant Kumar, addressing a press conference here on Wednesday, said that the certificate programme is a good opportunity for graduates seeking career in IT field. Careers in IT and networking offer a diverse range of opportunities in network administrator, network support specialist, network engineer, cyber security specialist and cloud specialist. Candidates who graduate in science, IT, engineering and allied disciplines with minimum 50% marks (45 % for Scheduled Castes, Scheduled Tribes and Other Backward Classes) can apply before August 31. The institute also offers four-year Diploma in Tool and Die-making courses for those who have passed SSLC. Those who have passed ITI can apply for three-year course of Fitter, Turner and Machinist courses.
Time of India
20-07-2025
- Business
- Time of India
41st anniversary of The Times of India, Bengaluru: Engineering the future
In the most sought-after engineering college of Karnataka, a four-year computer science seat gets lapped up for a fee of Rs 70 lakh. And if you thought this was too steep a price to pay, consider this: Students from across the country queue at this college as early as December of the previous year. Karnataka, and, more specifically Bengaluru, has been one of the hotspots for engineering education since the 1970s and a pioneer in private technical education in the country. Of the 213 colleges affiliated to Visvesvaraya Technological University (VTU), more than 80 are Bengaluru-based. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru When Bharat Ratna Sir M Visvesvaraya established the University Visvesvaraya College of Engineering (UVCE) in 1917, it was the fifth engineering college in the country. If that was a humble beginning, then the picture started changing drastically from the late 1950s. That was when the then prime minister Jawaharlal Nehru, in his clarion call for industrialisation, said, 'industrialise or perish'. In the years that followed, at least eight big-ticket public sector industrial units came to Bengaluru, including Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Hindustan Machine Tools (HMT). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo 'With an ever-growing demand for engineers in the country, engineering colleges started mushrooming,' recalled Seetharamu A S, former faculty at the Institute for Social and Economic Change. 'Basic sciences grew, too. Indian Institute of Science was paving the way for this. Meanwhile, there was a lot of interest in spectroscopy, with Nobel laureate C V Raman's work. All this led to an increased demand for engineering education in the state,' he said. Then came privatisation of professional colleges in Karnataka. In 1946, BMS College of Engineering (BMSCE) became the first private sector initiative in engineering education in India. Soon, several others followed. 'The ecosystem for science and engineering was already set in the city with the PSUs in 1960s. At a time when other states were just beginning to set up private engineering colleges, Karnataka already had 50-60 of those. However, Karnataka did not unscrupulously increase the number of colleges and maintained it at 213, thereby ensuring quality education,' said K N Subramanya, principal of R V College of Engineering. Karnataka was one of the first states to build an umbrella university VTU that brought all technical education under one roof. While many educationists were not in favour of the affiliation system, they agreed that formation of VTU brought in standardisation and quality in technical education. Karnataka was also one of the first states to bring in a Common Entrance Test (CET) in 1994 that ensured meritocracy in admissions, setting benchmarks in engineering education. As a result of these initiatives, in the 1990s, Bengaluru emerged the cradle of IT revolution in the country. The rest, as they say, is history! Bengaluru's story in engineering education is now about keeping up with the times. S Sadagopan, the founder director at International Institute of Information Technology Bangalore, said: 'While institutes like IITs provide quality education, they have not been able to scale up student intake to the extent required. However, many colleges in Bengaluru are now providing quality education with intake as high as 1,000 for some branches. They're able to offer quality education at scale. This is Karnataka's contribution to the nation,' he observed. In addition, there are private universities offering engineering education. Colleges from other states and cities are also venturing into Bengaluru to have a piece of the pie. With artificial intelligence (AI) taking the world by storm, colleges have also undergone makeovers to keep pace. Currently, there are 133 streams available, of which at least 105 are related to computer science and its allied programmes. 'Bengaluru's evolution into India's premier engineering education hub is deeply tied to its thriving tech ecosystem, the early establishment of top-tier institutions, and close industry-academia collaboration,' said Neeti Sharma, CEO, Teamlease Digital. 'Over the past two decades, top engineering colleges in the city have consistently attracted high-quality talent from across India due to robust placement records and proximity to leading tech companies,' she further said. 'With around 12,000 IT/software firms and more than 10,000 startups, Bengaluru offers unmatched industry exposure to engineering students. The city's colleges routinely see the highest number of companies visiting for campus placements,' Sharma added. 'The packages offered are also among the highest in the country. Institutions such as IIIT Bangalore and IISc report average packages of Rs 27-28 LPA, with top offers reaching Rs 65-86 LPA,' Sharma said. According to Sharma, core engineering domains, especially semiconductors, are seeing renewed interest. 'Bengaluru is home to a vast majority of India's chip design workforce, with firms such as AMD, Qualcomm, and Intel expanding their design operations,' she said. It's not just engineering, but colleges in other streams also have mushroomed in the state. According to the All India Survey on Higher Education (AISHE) 2021-22, Bengaluru Urban district has the highest density of colleges in the country, with 1,106 institutions. In comparison, Jaipur has 703, Hyderabad 491, Pune 475 and Prayagraj 398. What Bengaluru has always lacked is an IIT, but there are now colleges in the city that can boast of education on par with the best in the country.
India Today
11-07-2025
- Business
- India Today
50% fee cut in Karnataka government engineering colleges for low-demand streams
To streamline the admission process and ensure transparency, Karnataka's Department of Technical Education has introduced a series of new guidelines for engineering college admissions in 2025. The reforms cover everything from fee structures and quota allocations to strict penalties for vacant seats, with a clear focus on affordability and colleges in Karnataka will now reserve 15% of seats for NRI and NRI-sponsored candidates, while 10% will fall under the Management Quota. Officials have clarified that these admissions must follow transparent procedures, eliminating any scope for backdoor to encourage access amongst financially weaker sections, a Supernumerary Quota (SNQ) of 5% has been introduced across all AICTE-approved institutions. This is aimed at meritorious students whose family income is below Rs8 lakh per annum. Students admitted under SNQ will not have to pay tuition fees and will only be required to pay a nominal university fee of Rs10, STRUCTURED REVISED FOR 2025 The annual fee for government engineering colleges affiliated with Visvesvaraya Technological University (VTU) and the University of Mysore has been fixed at Rs44,200. UVCE students will pay Rs49,600 annually, which includes a tuition component of Rs32, private colleges, aided courses will follow the government fee slab of Rs44,200. However, unaided courses will have two tiers of fees — Rs81,800 or Rs91,000 — depending on the category of the COMED-K seat for private unaided colleges, any additional or "other" fees charged must be capped at ?20,000 per year and publicly disclosed on college websites to ensure full FOR LOW-DEMAND BRANCHESTo boost enrolment in certain core branches that have seen declining interest, the government has offered a 50% fee concession in government colleges for the following courses:Mechanical EngineeringTextile TechnologyAutomobile EngineeringSilk TechnologyCivil EngineeringThe move is aimed at reviving student interest in these traditionally significant AND MANAGEMENT QUOTA CAPSStrict limits have been placed on the number of seats allocated under the NRI and Management categories. Non-minority colleges can only offer up to 25% of their seats under these quotas, while minority institutions may extend this to 30%. This restriction is intended to protect merit-based admissions and discourage the misuse of high-fee FOR NON-COMPLIANCEIn a strong push for accountability, engineering colleges that fail to report surrendered, or vacant seats will face severe financial penalties. The penalty could go up to five times the regular fee for each unreported seat, a move meant to curb manipulation and enforce proper seat surrender procedures.- Ends
Time of India
06-07-2025
- Health
- Time of India
Homeopathic conference held
Belagavi: A two-day national homeopathy conference, 'Ekalavya', organised by Bharatesh Homeopathic Medical College and Hospital at the APJ Abdul Kalam Auditorium of Visvesvaraya Technological University in Belagavi, began on Saturday. Inaugurating the event, Riyaz Pasha, evaluation registrar, Rajiv Gandhi University of Health Sciences, said homeopathic doctors should take the lead in building a better and healthier society. "Effective medicines need to be found for diabetes and cancer, and continuous research should be done in this regard. The main objective of the conference should be to build a healthy society," he said. Pasha emphasised that more research work and evidence-based studies are the need of the day, and young doctors should come forward in this regard. Ramji Singh, former president of the Central Board of Homoeopathy, New Delhi, who was the guest of honour, said the role of homeopathic doctors is very important in protecting the health of the community and preventing infectious diseases.
