Microsoft offers the highest package of Rs 1.39 crore a year

Microsoft, the biggest technology company of US is ready to welcome students from the Indian Institute of Technology with a ransom pay package. The placements for the passing batch of 2018 commences on December 1. Numerous companies are a part of this process, offering impressive offers to grab the most talented engineers from one of the topnotch institutes of India.

According to the Economics times, Microsoft is recruiting students for their Redmond headquarters with an annual pay check of Rs 1.39 crore. The exorbitant salary will include a base income of $108,000, along with performance gratuity of $21,600, joining bonus of $15,000 and stock units worth $70,000. All of this adds to a total of $214,600. As compared to Microsoft’s offer during the previous placement season with a package of $136,000 inclusive of all bonuses, this year’s offer is a remarkable leap.

 Reports from Business Standard stated that one among the chief recruiters is Uber Technologies, the US-based cab aggregator. Uber is set to provide a total package of Rs 99.87 lakh ($155,000), with a base income of $110,000. The other top hirers include Samsung Korea with an offer of Rs 96.8 ($150,000) and Rubrik, an American cloud data management company with Rs 74 lakh ($115,000).

Sources claim students from Kanpur, Bombay, Madras, Banaras Hindu University and Roorkee campuses are more likely to bag such opportunities.


Economic Times, Business Standard

IITs to take foreign students via exams held abroad



For the first time, the IITs are considering conducting their entrance examinations in Singapore, UAE, Ethiopia, and SAARC nations in 2017, in an attempt to draw more international talent. This move will allow foreign students to apply for undergraduate and postgraduate programs at the IITs.

Recently, at a convention between officials from the HRD and External Affairs Ministries, 8 countries, namely the SAARC nations – Afghanistan, Nepal, Bangladesh, Pakistan and Sri Lanka; Ethiopia, Singapore and Dubai (UAE) have been identified as IIT test-centers for foreign nationals, 2017 onwards.

An HRD Ministry official informed PTI that until recently, the IIT examinations were only to be held for Indian nationals. However, in a new move, they have decided to admit foreign applicants through examinations conducted abroad.

The selection procedure will include a common entrance test, which would be managed by the IIT with the support of Indian missions in the respective countries.

However, officials noted that these “foreign” seats would not reduce those available to Indian nationals, and would be additional in nature. Further, the foreign students’ fees would be more than that of the Indians. The report added that the Ministry of External Affairs (MEA) intends to offer these foreign students research visas for the entire duration of their course.

Although the exam is to be conducted in 2017, the outreach programme would commence from August 2016, and is to be held in all the proposed 8 countries. IIT Mumbai has been designated the task of preparing the required material for this programme.

It has been speculated that the government has initiated this move (to take foreign students) in the hope that it would raise their international academic rankings.

Source: PTI

IIT-Madras establishes cancer tissue bio-bank

Chennai: The day is not far away when quicker detection, effective treatment and cheaper drugs are available at home. The Indian Institute of Technology (IIT) – Madras, in collaboration with Department of Science and Technology (DST), Government of India, has set up within its campus India’s first ever bio-bank dedicated entirely to cancer research.

The project mainly focuses on collecting cancer tissues from voluntary individuals; doctors and institutions treating other cancer patients. This will help build a database on the incidence of cancer, the different kinds present today, diagnostics and treatment.

Prof S Mahalingam, Department of Biotechnology, IIT (M) said, “This is aimed at discovering ‘personalised treatment’ with less side effects, early detection and prevention of cancer.” In addition, he also said that they would take measures for appropriate collection, transportation and storing of such tissue in the centralised tissue bank. Facilities such as cell sorting, super-resolution imaging system would be made available, along with allowing access to other approved research institutions.

The DST and IIT (M) together have earmarked 31.71 crores for this purpose. They have allocated 10,000 sq feet space for the bio bank along with storage and security facilities.

–          Nayantara N

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