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News on Medial
IIT-M completes Phase I of placements, median salary crosses Rs 19 lakh
Economic Times
·
1y ago
Medial
Indian Institute of Technology Madras (IIT Madras) has successfully completed the first phase of placements, overcoming the challenges posed by Cyclone Michaung. The institute recorded a significant rise in hiring from the core sector and a higher number of international offers compared to last year. The median salary for all offers made during Phase I exceeded Rs. 19 lakh. More than 55% of placed students came from socially and economically challenging backgrounds, and approximately 50% of the students were successfully placed. IIT Madras has invited organizations to visit the campus for the second phase of placements.
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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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IT's pay puzzle: Wipro, TechM median salaries drop despite rise in headcount
Livemint
·
2m ago
Medial
In FY25, Wipro and Tech Mahindra experienced declines of 0.6% and 6.52% in median salaries, respectively, despite expanding their workforces. Wipro's median salary was ₹9.78 lakh, while Tech Mahindra's was ₹18.3 lakh for males and ₹15.4 lakh for females. This marks the first simultaneous decrease in eight years, attributed to hiring more freshers and replacements at lower salaries to enhance profitability.
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TCS to set up 20 acres campus in Kolkata
Economic Times
·
2m ago
Medial
Tata Consultancy Services (TCS) has received approval to commence Phase I of its Bengal Silicon Valley campus in Kolkata. The initial phase will include 9 lakh square feet of office space with an 11-storey tower, providing 5,000 jobs. Phase II will expand with 15 lakh square feet and 20,000 additional positions, totaling 24 lakh square feet and 25,000 jobs. The Kolkata project, part of a broader Rs 4,500 crore real estate expansion, spans 30 acres.
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QIP fundraising in calendar year crosses ₹1-lakh-cr for 1st time in 2024
Inshorts
·
9m ago
Medial
Qualified institutional placements (QIPs) fundraising has reached an all-time high in 2024, surpassing the ₹1 lakh-crore mark for the first time in a calendar year. In 2024, 82 companies have raised around ₹1.23 lakh crore through QIPs so far. In 2023, 45 companies had raised approximately ₹52,350 crore through QIPs, as against ₹11,743 crore raised by 14 companies in 2022.
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Blacksoil's SaralSCF completes pilot
Inshorts
·
1y ago
Medial
Alternative lender BlackSoil's supply chain finance subsidiary SaralSCF has completed its pilot phase with more than Rs 1,500 crore disbursed to 16,500 borrowers since 2021, according to a statement. The B2B (business-to-business) platform offers tailored financing solutions to mid-size enterprises, startups, and growth companies to address their working capital requirements.
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Female unicorn founders earn 8X less than male counterparts: Report
YourStory
·
1y ago
Medial
According to a report by PrivateCircle Research, there is a significant gender pay gap among unicorn startup founders in India. On average, female founders earn around Rs 1.1 crore, while male founders take home about Rs 8.5 crore. This pay disparity reflects the lack of women in leadership positions in unicorn companies, with 57 Indian unicorns having no women on their boards. However, the overall median salary for unicorn founders has been increasing, reaching Rs 1.5 crore in FY23 compared to Rs 1.2 crore in FY22.
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IIT-Madras to provide funds to incubate sports-tech startups
Economic Times
·
1y ago
Medial
IIT-Madras is offering funding of up to Rs 5 crore to support sports-tech start-ups in India. The focus will be on AI and IoT-based products, including sensors, networks, and controllers. The funding will be provided by the IIT-Madras Pravartak Technologies Foundation and the IIT Madras Centre of Excellence in Sports Science and Analytics. The areas of interest are media and entertainment, fan engagement, athlete performance enhancement, esports, sports data analytics, sports education, sports commerce, and sports communities. Interested start-ups can apply through the provided link, and the shortlisted ones will present their business during the IIT Madras Sports Technology Start-up Conclave in June. The investment support will range from Rs 10 lakh to Rs 50 lakh per start-up, based on business potential.
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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, Zoriox Innovation Labs develop 3D-printed face implants for black fungus patients
Economic Times
·
1y ago
Medial
Indian Institute of Technology Madras (IIT-M) has partnered with Zoriox Innovation labs to develop 3D-printed face implants for patients suffering from black fungus, a condition that has been reported in Covid-19 patients and those with medical conditions like uncontrolled diabetes. The implants, made of medical-grade titanium, are designed to match the patients' faces and are offered for free to economically weaker sections. This initiative aims to restore facial features and improve the quality of life for affected individuals.
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Zomato’s Chief of Staff role garners over 10,000 applications in just 24 hours
YourStory
·
9m ago
Medial
Over 10,000 applications have been received for the Chief of Staff (CoS) role at Zomato following CEO Deepinder Goyal's announcement of the unconventional opening. Goyal stated that the applicants reflect a diverse range of financial backgrounds. The application inbox will close on Thursday at 2 PM IST. The selected candidate will not receive a salary for the first year but will be required to pay a Rs 20 lakh donation to Zomato's Feeding India initiative. In the second year, they will receive a salary higher than Rs 50 lakh. Goyal outlined his expectations for the role, focusing on hunger, common sense, empathy, and a learning mindset.
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