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Hon’ble CM Shri Siddaramaiah Inaugurated Bengaluru Skill Summit 2025 Strengthening Karnataka’s Position as a Global Hub for Workforce Innovation and Skilling Excellence

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6 months ago

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Leaders highlighted collaboration, inclusivity, and innovation as key to preparing India’s workforce for 2030

Bengaluru, India, 5th November 2025, ZEX PR WIRE– The inaugural edition of the Bengaluru Skill Summit 2025 opened today at The Lalit Ashok, Bengaluru, marking the beginning of a two-day dialogue on workforce innovation and future readiness. Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka graced the inaugural event joined by Shri D. K. Shivakumar, Hon’ble Deputy Chief Minister of Karnataka, and Dr. Sharanaprakash R. Patil, Hon’ble Minister for Skill Development, Entrepreneurship & Livelihood, Government of Karnataka and Medical Education.

 

The Department of Skill Development, Entrepreneurship & Livelihood (SDEL) is spearheading this initiative to enhance employability and build future-ready skills. The summit is hosted by the Karnataka Skill Development Corporation (KSDC) in collaboration with the Karnataka Skill Development Authority (KSDA), with the Karnataka Digital Economy Mission (KDEM) as the Knowledge Partner while the event is managed by Trescon Global Business Solutions Pvt.Ltd. It highlights Karnataka’s progressive journey in empowering its youth workforce through innovation and skill-driven initiatives, while also serving as a platform to explore global partnerships and employment opportunities.  Notably, Germany joins as the Country Partner for this edition of the summit.

The inauguration ceremony commenced with a vibrant cultural performance under Karnataka Rajyotsava Sadagara. Smt. Shivakantamma (Kanta) Naik, Chairperson, Karnataka Skill Development Corporation and Karnataka Vocational Training & Skill Development Corporation, delivered the welcome address.

Guests of Honour included The Hon. Muhammad Reza Cassam Uteem, Minister of Labour and Industrial Relations, Republic of Mauritius; Shri Priyank Kharge, Hon’ble Minister for Rural Development & Panchayat Raj and Information Technology & Biotechnology, Government of Karnataka; Shri Sharanabasappa Darshanapur; Minister for Small Scale Industries and Public Enterprises, Government of Karnataka; Dr. Manjunath Bhandary, Hon’ble Member of the Legislative Council (MLC), Government of Karnataka; Shri Radhakrishna Doddamani, Hon’ble Member of Parliament, Kalaburagi Lok Sabha Constituency;His Excellency Dr. Philipp Ackermann, Ambassador of the Federal Republic of Germany to India — who addressed the gathering virtually; Dr. E. V. Ramana Reddy, IAS (R), Chairman, Karnataka Skill Development Authority; and Shri Ashutosh Gupta, Managing Director – India and Asia Pacific, Coursera.

Shri Siddaramaiah, Hon’ble Chief Minister of Karnataka during his remarkable speech highlighted, “Skill is not built in a day, it’s a product of patience , perseverance, and continuous learning. He urged students to stay consistent, noting that motivation gets you started, but consistency keeps you growing. Karnataka has always been at the forefront of skilling, being among the first states in India to set up a dedicated Department of Skill Development and Entrepreneurship in 2016/17.”

“The Kaushalya Karnataka Yojana took skill development to every corner of the state, surpassing the initial target of training 5 lakh youth. Under the Yuga program, over 1 lakh youth were trained in IT, electronics, and animation, ensuring Karnataka’s lead in the Fourth Industrial Revolution. Karnataka government empowers, enables, and uplifts the youth of the future nation. 

“Karnataka aims to become the Skill Capital of India and a 1 trillion economy by 2032, powered by talent, technology, and tenacity. The world looks out to Karnataka not only for innovation but for inspiration. Every thought, every heart, and every hand will build the Karnataka of our dreams.” he added.

Highlighting the noble initiative undertaken by Dr. Sharanaprakash R. Patil, Shri D. K. Shivakumar, Hon’ble Deputy Chief Minister of Karnataka stated, “Wherever innovation happens, Karnataka has always led first. The state has consistently set benchmarks in various sectors. The State of Karnataka is open for discussions, collaborations, and knowledge sharing to strengthen the ecosystem of skill and innovation. The long-term global partnerships, especially with German institutions, have been key to Karnataka’s ongoing success story in innovation and skill development and it will keep growing under the current government’s initiative to skill & upskill the youth workforce.”

Dr. E. V. Ramana Reddy, IAS (R),Chairman – Karnataka Skill Development Authority (KSDA) said “Bengaluru Skill Summit strengthens our ‘Workforce 2030’ vision — a roadmap where scale, systems, and synergy come together. By aligning Karnataka’s skilling strategy with global benchmarks, we are preparing young minds to navigate and lead in a rapidly evolving economy.”

Sanjeev Gupta, CEO of Karnataka Digital Economy Mission (KDEM) said, “Karnataka has always been at the forefront of connecting talent with opportunity – from nurturing India’s IT capital to now shaping the AI Workforce of 2030. The Government of Karnataka’s forward-looking skilling initiatives are bridging the crucial gap between education and employability by integrating industry, academia, and technology. At Karnataka Digital Economy Mission, our focus is on building a future-ready talent ecosystem, one that equips every youth, from Bengaluru to the Beyond Bengaluru clusters, to thrive in an AI-augmented economy. The Bengaluru Skill Summit 2025 exemplifies our vision of a scalable and synergistic talent ecosystem that empowers every youth, not just in Bengaluru, but across all clusters, to thrive in an AI-driven economy. This Summit transcends showcasing progress – it charts an inclusive and innovative pathway for India to lead the world in workforce development and global employability. It also aims to encourage employers to get closely connected with academia and the participation of Industry on Campus going high up is the aspiration here”

Over the next two days, the Bengaluru Skill Summit will host a dynamic series of conference sessions featuring renowned industry leaders, including Subroto Bagchi, Co-Founder of Mindtree and Former Chairman of the Odisha Skill Development Authority; B. V. R. Subrahmanyam, IAS (R), Chief Executive Officer, NITI Aayog; and Ravi Venkatesan, Chairman of the Global Energy Alliance and Former Chairman of Microsoft India and Bank of Baroda. These thought leaders will share their insights on the future of workforce development, emerging skill trends, and Karnataka’s pivotal role in shaping India’s skilling revolution.

Day 2 and 3 of the summit promise an engaging lineup of activities, including insightful roundtables, keynote addresses, the Skillathon Finals, the Kaushalya Karnataka Awards, and vibrant cultural performances. Discussions across the two days will revolve around key themes such as ‘Karnataka’s Dialogue on Local Skills for Global Opportunities’, ‘Green Skills for a Sustainable Future’, ‘Global Best Practices in Skilling’, ‘Building Tomorrow’s Skills Today’, ‘Country Partner Session by German Missions in India’, ‘Advancing Automation for Industry 4.0’, and ‘Karnataka as the Skills Gateway to the World’, among other areas of strategic focus.

For more details and updates, visit www.bengaluruskillsummit.com.

For Media Queries, Please Contact:

 Imran Mushtaq | +91 7780902815 | imran@tresconglobal.com

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Wall Street Veteran Peter Larsen Unveils ‘Quantum Scalp’ to Bridge Institutional-Retail Divide

Published

8 hours ago

on

May 4, 2026

By

Retail Divide

 

Peter Larsen, a veteran quantitative trader with over three decades of experience on Wall Street, has emerged from retirement to launch Quantum Scalp, a new financial technology firm aimed at democratizing access to institutional-grade algorithmic trading. 

The company announced today that it has secured $100 million in private capital to build a systematic trading platform designed to provide retail investors with tools previously exclusive to investment banks and hedge funds. The funding round included participation from family offices, former industry colleagues, and a sovereign wealth fund.

 

A Career Built on Market Microstructure 

Larsen’s career parallels the evolution of modern electronic trading. He began at Bear Stearns in 1993 as a junior market analyst, joining during the early shift from floor trading to screen-based execution. Throughout the 1990s, Larsen developed statistical models for fixed-income desks, working within the cohort of quantitative analysts who fundamentally rewired the industry’s approach to risk and execution.

In 2001, Larsen moved to Lehman Brothers as a consultant within the firm’s Quantitative Proprietary Trading division. During his tenure, he served as a lead analyst on the Penn-Lehman Automated Trading Project (PLAT). The initiative, a collaboration between Lehman Brothers and the University of Pennsylvania, developed one of the earliest realistic simulators for testing automated trading strategies. PLAT remains a cited reference in academic and industry circles regarding market microstructure and algorithmic execution. 

Larsen retired in 2006, prior to the financial crisis of 2008. For the next fifteen years, he remained active in an advisory capacity, monitoring the widening disparity between institutional and retail trading capabilities. 

Addressing the Intelligence Gap

 

According to Larsen, the post-2010 retail trading revolution reduced costs through commission-free trading and fractional shares but failed to close the “intelligence gap.” 

“Cheap access without an edge isn’t democratization,” Larsen said in an interview at Wyoming. “It often results in capital flowing more efficiently toward institutions that possess superior data and execution tools. Our objective is parity.” 

The catalyst for Larsen’s return to the market was the advancement of artificial intelligence and optimization technologies between 2022 and 2024. Larsen posits that modern transformer-based forecasting and hybrid systems now allow for the compression of capabilities that previously required large quantitative teams. 

Technology and Compliance

 Despite the company name, Quantum Scalp does not utilize quantum computing hardware. Larsen was explicit in clarifying the technology stack to avoid investor confusion. 

“The system is quantum-inspired,” Larsen stated. “We utilize optimization algorithms derived from quantum mechanics, such as simulated annealing variants and tensor-network methods, running on classical GPU infrastructure. Combined with AI-driven signal processing, this allows for portfolio construction and signal weighting at a latency and scale that was not feasible five years ago.”

 The platform operates on three distinct layers:

1.  Signal Layer: Ingests market data, alternative data, and macroeconomic indicators to generate short-horizon forecasts.

2.  Optimization Layer: Applies quantum-inspired algorithms to weight signals and construct positions under risk constraints.

3.  Execution Layer: Manages order routing and slippage, leveraging methodologies originally developed during the PLAT project. 

Industry Skepticism and Regulatory Landscape The launch comes amidst heightened scrutiny of AI-driven retail trading platforms. Regulators in the United States and Europe have increased oversight regarding algorithmic advice given to non-institutional investors. Critics note that previous attempts to democratize quantitative tools, such as early robo-advisors and AI trading startups, have often struggled to match backtested performance in live markets.

Larsen acknowledges the risks inherent in the sector. “We are not selling a guaranteed return,” he said. “Anyone claiming to sell a ‘money printer’ is misrepresenting the product. We are providing the same class of tools, analysis quality, and execution discipline utilized by major desks. How that utility is employed remains the responsibility of the investor.”

 

A Second Act 

At 75, Larsen represents a rare profile in the fintech sector, which is typically dominated by younger founders. Colleagues describe the venture as consistent with his long-standing focus on market structure integrity.

 The firm plans to begin rolling out access to the platform later this year, subject to regulatory compliance and final testing phases. For Larsen, the venture is a corrective measure to a career spent building advantages for the institutional side of the market.

 “I worked for the house for thirty years,” Larsen said. “I intend to provide the players with a system that levels the field.” 

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Galatea by Inkitt Celebrates 100+ Five-Star Reviews Amid Rising Popularity

Published

1 day ago

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May 3, 2026

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California, USA, 3rd May 2026, ZEX PR WIRE — Galatea, the rapidly growing digital reading platform developed by Inkitt, has surpassed 100 five-star reviews, marking a significant milestone in its continued rise among global readers. The achievement highlights strong user satisfaction and reinforces Galatea’s position as more than just a reading app. As part of Inkitt’s broader story-to-screen ecosystem, Galatea plays a central role in transforming reader-driven content into multi-format entertainment, extending all the way to television through CandyJar.

This milestone arrives at a time when audiences are actively seeking more flexible and engaging ways to consume stories. Galatea has responded by offering a format that aligns with modern habits while still preserving the emotional depth that readers expect from strong storytelling.

A Milestone That Reflects Real Reader Loyalty

Reaching over 100 five-star reviews signals more than short-term success. It reflects consistent reader satisfaction and an ability to maintain engagement over time. Users frequently highlight how seamlessly the platform fits into their daily routines, whether they are reading during short breaks, while commuting, or winding down at night.

This accessibility has helped Galatea build a loyal user base. Readers are not simply downloading the app and leaving. They return regularly to continue stories, explore new releases, and stay connected to ongoing narratives. The growing number of five-star reviews demonstrates that users are finding lasting value in the experience.

In an environment where attention is divided across multiple platforms, this level of retention is notable. Galatea has managed to create a product that readers continue to engage with long after their first interaction.

A Reading Experience Designed for Modern Habits

Galatea has built its platform around the idea that reading should adapt to the reader. Instead of presenting long chapters that require uninterrupted time, the platform delivers stories in episodic segments that are easy to consume. This structure makes reading more approachable and encourages consistent engagement.

The platform also offers multiple formats within a single story. Readers can move seamlessly between ebook and audiobook modes, allowing them to switch based on their situation. In addition, Galatea includes chat-style storytelling, where narratives unfold through text-message-like conversations. This format introduces variety and reflects how people naturally communicate today.

Audio is another defining feature of the platform. Full narration and carefully designed sound elements support the storytelling experience and add depth to each scene. Rather than acting as a background feature, audio plays an active role in shaping how stories are experienced.

Together, these features create a reading environment that feels flexible, engaging, and suited to modern lifestyles.

A Story-to-Screen Pipeline That Sets It Apart

Galatea’s growth is closely tied to Inkitt’s larger story-to-screen model, which differentiates it from traditional reading platforms. The process begins on Inkitt, where writers share their work and reader engagement determines which stories gain traction. The most promising titles are then published on Galatea, where they reach a wider audience in enhanced formats.

From there, the most successful stories move into television development on CandyJar. This structured pipeline allows content to evolve naturally, moving from written storytelling to screen adaptation based on proven audience demand.

This model offers a clear pathway for writers. Instead of navigating uncertain publishing routes, authors can see their work progress step by step, guided by reader response. It also ensures that the stories adapted for television already have a built-in audience, reducing risk and increasing the likelihood of success.

For readers, the pipeline adds another layer of engagement. Stories they discover on Galatea have the potential to expand into visual formats, creating a deeper connection to the content. This continuity strengthens the overall experience and sets the platform apart in a crowded market.

Content That Reflects What Readers Actually Want

Galatea’s content strategy is built on real user behavior. By leveraging data from Inkitt, the platform identifies stories that already resonate with readers. This ensures that the content available on Galatea aligns closely with audience preferences.

Genres such as romance, fantasy, thriller, drama, and Young Adult continue to perform strongly, reflecting consistent demand across a wide range of readers. At the same time, the platform introduces new voices and perspectives, maintaining a balance between familiar themes and fresh ideas.

This approach reduces the uncertainty often associated with content selection. Instead of relying on predictions, Galatea uses measurable engagement to guide its decisions. The result is a library that feels both curated and relevant.

For writers, this system creates meaningful opportunities. Success is determined by reader response, allowing emerging authors to gain visibility and build an audience based on the strength of their work.

Listening to Feedback and Improving the Experience

The increase in five-star reviews also reflects Galatea’s responsiveness to its users. Feedback plays a direct role in shaping the platform’s development. Readers frequently mention features such as customizable settings, smooth navigation, and the ability to switch between formats without interruption.

These elements contribute to a user-friendly experience that appeals to a broad audience. Small improvements, driven by real feedback, continue to enhance the platform’s usability.

Galatea’s ability to adapt has become a key strength. As user expectations evolve, the platform remains focused on refining its features while maintaining the core aspects that readers value.

Meeting the Demand for Flexible Storytelling

Modern readers are looking for flexibility, and Galatea has positioned itself to meet that demand. The platform allows users to engage with stories in different ways, depending on their preferences and schedules.

Whether through short reading sessions, audiobook listening, or interactive chat-based formats, users can choose how they want to experience each story. This adaptability makes it easier to stay engaged without disrupting daily routines.

The ability to move between formats also adds to the overall experience. A reader can begin a story in text form, continue it as an audiobook, and explore chat-style interactions within the same narrative. This level of flexibility keeps the platform dynamic and appealing.

Building a Community Around Stories

As Galatea continues to grow, it is also building a strong and engaged community. The increasing number of five-star reviews reflects not only individual satisfaction but also a shared enthusiasm among users.

Readers actively recommend the platform, share feedback, and contribute to its visibility. This organic growth has played an important role in expanding Galatea’s reach.

For writers, this community creates valuable opportunities for connection and recognition. Authors can engage with readers directly and see how their work resonates in real time. This interaction strengthens the relationship between creators and their audience.

Each positive review adds to the platform’s credibility and encourages new users to explore what it has to offer.

Looking Ahead

Surpassing 100 five-star reviews marks an important milestone, but it also signals continued growth. Galatea remains focused on expanding its content library, improving its features, and strengthening its role within Inkitt’s story-to-screen ecosystem.

The integration with CandyJar creates new possibilities for content development, allowing stories to move beyond the app and reach wider audiences. This connection positions Galatea as a key part of a larger entertainment strategy rather than a standalone platform.

As more readers discover the app, the platform is expected to continue building momentum and attracting new users. The steady increase in positive feedback suggests that it is meeting the expectations of its audience and adapting effectively to changing preferences.

Conclusion

Galatea’s achievement of over 100 five-star reviews reflects its ability to deliver a reading experience that aligns with modern expectations. By combining flexible formats, data-driven content, and a clear path from story to screen through CandyJar, the platform offers something distinct in the digital reading space.

As part of Inkitt’s broader vision, Galatea represents more than a reading app. It is a central piece of a storytelling ecosystem where ideas begin with readers and have the potential to grow into larger forms of entertainment. With strong user engagement and a clear direction for growth, Galatea continues to establish itself as a platform that understands both storytelling and the people who enjoy it.

For more information, please feel free to visit https://galatea.com/ 

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Press Release

Milestone Launches Project : Tsavkisi, The First Design-Code Community Near Tbilisi

Published

2 days ago

on

May 2, 2026

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Milestone has launched Project : Tsavkisi, a residential land-plot development situated on a hillside in the Tsavkisi area, just an 18-minute drive from Tbilisi, Georgia. The project comprises 63 individual land plots, each offering panoramic views of the surrounding forest and the city.

Tbilisi, Georgia, 2nd May 2026 – Milestone has launched Project : Tsavkisi, a residential land-plot development situated on a hillside in the Tsavkisi area, just an 18-minute drive from Tbilisi, Georgia. The project comprises 63 individual land plots, each offering panoramic views of the surrounding forest and the city.

Project : Tsavkisi is a thoughtfully planned community with a unified architectural identity, seamlessly integrated into the natural landscape. It is designed for those who wish to build a residence in a scenic setting while remaining just minutes away from central Tbilisi.

The presale is now open.

The development spans 10 hectares, with 24,000 m² dedicated to curated shared public spaces, including children’s playgrounds, sports courts, and forest walking paths. The project includes professionally maintained shared areas and green zones, along with 24/7 secured territory. 

The architectural vision of Project : Tsavkisi is rooted in a landscape-oriented approach. To create a unique living environment, the project has developed a set of architectural guidelines – a Design Code, where every element is thoughtfully connected to the next. The Code extends from façade materials and roofing guidelines to color selection. A recommended palette of muted, earth-derived tones is designed to maintain visual harmony with the natural landscape. The project adopts a low-density development strategy that maintains visual openness and integrates seamlessly with the natural terrain, avoiding high retaining walls and other intrusive structural elements. 

Homeowners are offered the flexibility to develop individual designs in accordance with the Design Code or to select from a catalogue of nine pre-designed residential houses. They have been created in collaboration with established architectural studios, recognized for their experience in residential design and landscape-driven planning.

The project is designed for residents who lead active urban lives but seek a home in a quiet, natural setting, without sacrificing their connection to the city. Project : Tsavkisi sets a benchmark for holistic suburban development, where each residence contributes to a unified architectural identity.

About Milestone

Milestone is a Georgian real estate development and management company based on innovative vision and ideas, defining environments for quality life. Expanding its portfolio, the company is currently developing a new residential project in the heart of Tbilisi, set to be introduced soon. 

Media Contact

Organization: Milestone

Contact Person: Lasha Eliadze

Website: https://www.projecttsavkisi.ge/

Email:
info@milestone.ge

Contact Number: +995598399899

City: Tbilisi

Country:Georgia

Release id:44575

The post Milestone Launches Project : Tsavkisi, The First Design-Code Community Near Tbilisi appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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