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IIT-Bombay sees record Rs 3.7 crore international offer; engineering firms top recruiters
Economic Times
·
1y ago
Medial
IIT Bombay has achieved its highest-ever international salary offer of Rs 3.7 crore per year during its annual placements, surpassing the previous year's top international offer of Rs 2.1 crore. The highest domestic salary offered was Rs 1.7 crore. The engineering and technology sector recruited the most students, with the average compensation slightly higher than the previous year. However, IT/software hiring saw a decline. A total of 16 offers exceeding Rs 1 crore per annum were made during the placements, with 65 international offers accepted out of 300 pre-placement offers.
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IIT Bombay alumni gift Rs 57 crore to institute
Economic Times
·
1y ago
Medial
The Indian Institute of Technology, Bombay (IIT Bombay) has received a record-breaking donation of Rs 57 crore from its class of 1998 as part of its silver jubilee celebrations. This donation exceeds the previous record of Rs 41 crore given by the class of 1971 during their golden jubilee celebrations. The funds will be used for academic projects and research at IIT Bombay, including creating eco-friendly hostels, fostering innovation, and providing scholarships. Over 200 alumni, including top global executives, have contributed to this initiative. IIT Bombay aims to continue its excellence and development with the support of its alumni.
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‘At 18, you’re a rebel’: Nandan Nilekani shares ’rebellious’ choice of IIT Bombay over father’s wishes | Company Business News
Livemint
·
8m ago
Medial
Nandan Nilekani, co-founder of Infosys and influential figure in India's digital transformation, shared a personal story during a conversation with LinkedIn's CEO. Nilekani defied his father's wishes and chose to attend IIT Bombay, one of India's top engineering institutions. Despite his father urging him to study chemical engineering at IIT Madras, Nilekani rebelled and pursued electrical engineering at IIT Bombay. The institute is renowned for its academic excellence, research contributions, and strong alumni network. It offers undergraduate, postgraduate, and doctoral programs in various disciplines.
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IIT Bombay's tech incubator platform mulls raising $12 mn foor deeptech bets
VCCircle
·
8m ago
Medial
The Society for Innovation & Entrepreneurship (SINE), an incubator at IIT Bombay, plans to establish a $12 million fund to support deeptech start-ups and ventures in areas of national importance. The fund will focus on sectors such as science, biotech, space, and defence to drive innovation. SINE will seek support from IIT Bombay alumni to raise the capital for the fund, which aims to build on the incubator's 20-year track record of supporting start-ups. SINE has partnerships with various government ministries and offers resources like workspaces, labs, and access to funding.
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‘Change in business’: IIT Bombay student’s revoked offer reveals a brewing tech job collapse - BusinessToday
Business Today
·
1m ago
Medial
On his career's anticipated start date, Prasad Chaure, an IIT Bombay student, had his job offer revoked via a brief email citing "a change in requirements for future business." Initially hired as a Business Analyst, he faced unexpected job loss just days after being asked to delay his start date. This trend is part of a wider issue affecting India's top campuses, where placement rates have significantly fallen due to global tech slowdowns and market mismatches.
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IIT Bombay incubator to scale startup support, launch Rs 100 Cr VC fund
YourStory
·
8m ago
Medial
The Society for Innovation & Entrepreneurship (SINE), a technology business incubator based at IIT Bombay, plans to expand its support to 1,000 startups over the next 10 years. Currently, SINE has nurtured 245 startups with an impressive 80% survival rate. To fuel its growth, SINE will launch a Rs 100-crore venture capital fund to finance deeptech startups in sectors like biotech, space, defence, and sustainability, with backing from IIT Bombay alumni. SINE has produced successful startups like Gupshup and IdeaForge and aims to become a dominant force in innovation and entrepreneurship in India.
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BrowserStack Co-founders to invest Rs 100 Cr in IIT Bombay
YourStory
·
3m ago
Medial
BrowserStack co-founders Ritesh Arora and Nakul Aggarwal have donated Rs 100 crore to IIT Bombay to enhance campus infrastructure, particularly upgrading student residential facilities. The donation will support the reconstruction of Hostels 6, where both founders resided, and modernize Hostels 7, 8, and 21 as part of IIT Bombay’s "Project Evergreen" initiative. This contribution is part of a broader CSR initiative, aligning with IIT’s vision to accommodate 14,000 students.
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Internship at IIT Bombay: Empowering youth with startup skills
Internet
·
1y ago
Medial
E-Cell, IIT Bombay, a dynamic student-led organization, fuels entrepreneurial spirit by offering workshops, competitions, and resources. Its campus ambassador program allows college students to represent E-Cell, boosting personal growth and their college’s startup ecosystem. Top performers get incentives like certificates, courses, merchandise, and E-Summit’25 passes. Apply at www.ecell.in/ca.
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This Deeptech Start-Up Founded by IIT Bombay Professor Is Planning a Rs 800 Cr IPO
OutlookIndia
·
5m ago
Medial
Sedemac Mechatronics, a deeptech startup incubated at IIT Bombay, is planning a Rs 800 crore IPO as it prepares to go public in 2025. Founded by Professor Shashikanth Suryanarayanan and his students, the company integrates mechatronics technology in auto parts manufacturing. Prior to the IPO, the Pune-based company raised approximately $100 million from investors like Xponentia Capital Partners, A91 Partners, and 360 ONE Asset, with revenues of Rs 650 crore in FY25.
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Typing error or marketing stunt? Zomato offers Rs 1.6 cr jobs to IIT Delhi freshers, withdraws offer
Business Today
·
1y ago
Medial
Zomato initially announced a high-paying job offer of Rs 1.6 crore for an Algorithms Engineer role at IIT Delhi but later withdrew it. The offer included a significant portion in restricted stock units. Hrithik Talwar, an IIT Delhi student, shared the notification of the offer withdrawal on social media, sparking speculations over whether it was a marketing stunt or a typographical error. Some users expressed disbelief at the high salary offered to freshers, while others questioned the authenticity of the initial offer.
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IIT Madras Raises INR 513 Cr To Invest In R&D, Tech Deployment
Inc42
·
1y ago
Medial
The Indian Institute of Technology Madras (IIT Madras) has raised INR 513 Cr in the financial year 2023-24, setting a record for the highest funding raised by an academic institute in a year. The funds will be utilized for technology research, deployment of existing technology for societal needs, scholarships for deserving students, and infrastructure development. The funds were contributed by IIT Madras alumni, individual philanthropists, corporate social responsibility (CSR) funds, and grants from Indian and multinational corporate firms. The institute also received pledges of INR 717 Cr from alumni and corporate partners.
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