An interactive session on Artificial Intelligence Algorithms for Satellite Data Analysis Held at BIT
Mangalore, July 11, 2024- A session on "Artificial Intelligence Algorithms for Satellite Data Analysis" was held at Bearys Institute of Technology, sponsored by IEEE Mangalore Subsection. The event featured Dr. Shyam Lal, a distinguished professor from NITK Surathkal, as the resource person.
The program commenced with a welcome address by Dr. Abdullah Gubbi, Head of the Department of Electronics and Communication Engineering (ECE). Ms.Nubila from the ECE department served as the master of ceremony.
Mr. Aman, also from the ECE department, provided a comprehensive introduction of Dr. Shyam Lal, highlighting his significant contributions to the field of AI and satellite data analysis.
Dr. Lal’s session was highly engaging and informative, covering the latest AI algorithms and their applications in processing and analyzing satellite data. His expertise provided attendees with valuable insights into the cutting-edge techniques driving advancements in this critical area of research.
The event concluded with a vote of thanks by Prof. Abdul Jabbar from the ECE department, who expressed gratitude to Dr. Lal for his enlightening presentation and to IEEE Mangalore Subsection for their sponsorship. The session was well-attended by students and faculties.
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Sensex, Nifty nosedive over 5 percent in early trade in tandem with global markets meltdown
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Mumbai (PTI): Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 percent, mirroring a sharp fall in global equities, after US President Donald Trump's tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the globe.
The 30-share BSE benchmark Sensex crashed 3,939.68 points or 5.22 percent to 71,425.01 in early trade. The NSE Nifty tumbled 1,160.8 points or 5.06 percent to 21,743.65.
All the Sensex firms were trading in the negative territory. Tata Steel dropped over 8 percent, followed by Tata Motors which cracked more than 7 per cent. HCL Technologies, Tech Mahindra, Infosys, Larsen & Toubro, Tata Consultancy Services and Reliance Industries were the other big laggards.
In Asian markets, Hong Kong's Hang Seng tanked nearly 11 percent, Tokyo's Nikkei 225 plunged nearly 7 percent, Shanghai SSE Composite index dropped over 6 percent and South Korea's Kospi index sank 5 percent.
US markets ended sharply lower on Friday. The S&P 500 plummeted 5.97 percent, Nasdaq composite slumped 5.82 percent and the Dow tumbled 5.50 percent on Friday.
"Both China and Japan index declined by 10 percent and 8 percent, respectively. This escalates the stakes in the ongoing trade war and raises concerns about a potential global recession that could affect everyone. On Friday, the US S&P 500 dropped by 6 percent, and the Dow Jones fell more than 2,000 points, marking its worst week since the COVID-19 crisis. This came after China announced it would impose reciprocal 34 percent tariffs on all US imports starting April 10," Vikas Jain, Head of Research at Reliance Securities, said.
The sharp increase in tariffs by both the US and China could lead to higher inflation, slower global growth, and intensify trade tensions, he added.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,483.98 crore on Friday, according to exchange data.
Global oil benchmark Brent crude dropped 2.74 percent to USD 63.78 a barrel.
On Friday, the Sensex tumbled 930.67 points or 1.22 percent to settle at 75,364.69. The Nifty declined 345.65 points or 1.49 percent to close at 22,904.45.
Last week, the Sensex tanked 2,050.23 points or 2.64 percent, while the NSE Nifty declined 614.8 points or 2.61 percent.
