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<keyword id="19982504" type="General" weightage="20" keywordseo="IIT-Bombay" source="keywords" meta.keywordsubtype="org" meta.entityname="IIT Bombay" meta.hostid="261" meta.entityid="IIT Bombay">IIT Bombay</keyword> is one of the top choices for recruiters and every year, many graduates from the institution get lucrative <keyword id="19897127" type="General" weightage="20" keywordseo="job-offers" source="keywords">job offers</keyword> that make headlines. The 2023-2024 placement season at the institution just came to a close and a detailed report of the same is available on IIT Bombay's website. As per the report, around 75 percent candidates got a job offer this time. "The placement season was successfully completed with three out of four students securing desired job profiles despite the challenging job scenario. The total recruited Ph.D. students are 32 out of 118 active participants. Considering the total number of participating students, the placement percentage is nearly 75%. Most of the remaining unplaced students have identified avenues to be gainfully employed. Some of the unplaced students prefer higher studies, self-employment, or entrepreneurship over the jobs being offered to them. Almost all of the participating companies have honored their job offers," the report said. However, the lowest salary being offered to students this year is making headlines as it dropped to 4 LPA this year. Let us take a look at some of the highlights of the <keyword id="23022543" type="General" weightage="20" keywordseo="2024-placements" source="keywords">2024 placements</keyword> in IIT Bombay, including the highest salary packages, <keyword id="23022544" type="General" weightage="20" keywordseo="top-recruiters" source="keywords">top recruiters</keyword>, and an overview of student placements and internships. <h2><keyword id="23018452" type="General" weightage="100" keywordseo="IIT-Bombay-2024-placements" source="Orion">IIT Bombay 2024 placements</keyword>: Highest salary</h2>One of the standout features of this year’s placements was the 22 job offers exceeding INR 1 crore per annum, reflecting demand for specialised skills in certain sectors. Additionally, 78 students accepted international offers, indicating the global opportunities accessible to IIT Bombay graduates. <h2 style="margin-bottom: 0.7em; line-height: 1.3; color: rgb(0, 0, 0); font-size: 24px; background: 0px 0px rgb(255, 255, 255); text-rendering: optimizelegibility;">IIT Bombay 2024 placements: Average salaries</h2>The overall average annual CTC (Cost to Company) offered during the 2023-2024 placement season was Rs 23.50 LPA (Lakhs Per Annum), marking a 7.7% increase from the previous year’s average of Rs 21.82 LPA. The median salary stood at Rs 17.92 LPA, underscoring the consistent demand for graduates across various sectors. These numbers are a testament to the robust job market that IIT Bombay students enter upon graduation. <div type="Article" hostid="261" msid="109184947" title="Fresher hiring sees a significant decline, particularly in IT sector! What should you do?" mstype="2" mssubtype="0"></div> <h2>IIT Bombay 2024 placements: Lowest salaries</h2>While the focus often falls on the highest salaries, it’s important to note that there were also offers at the lower end of the spectrum. As mentioned already, the lowest salary offers during the 2023-2024 placements fell within the Rs 4 LPA to Rs 6 LPA range this year. Earlier, the lowest salary offered to students used to be 6 LPA. As per reports, 10 students accepted offers that fell within this range. These figures are more common in sectors such as education and design, where entry-level salaries tend to be modest compared to other fields. <h2>IIT Bombay 2024 placements: Number of students who got jobs </h2>Out of the 2,414 students who registered for placements, 1,475 students secured job offers, bringing the placement rate to 74.53%. The placement drive saw participation from 364 companies, with 1,650 job offers being made. In addition to full-time roles, internships also played a crucial part in student preparation and employment. A total of 1,267 internship offers were made, including 1,177 from companies and 90 from universities, reflecting a 13% increase in internship opportunities compared to the previous year. <h2>IIT Bombay 2024 placements: Top recruiters</h2>This year, the Engineering and Technology sector emerged as the top recruiter, with 430 students being hired by 106 companies. The IT and Software sector followed closely, offering 307 job positions. Finance, Consulting, and Research &amp; Development were also prominent, with significant hiring across these domains. Major companies participating in the placements included top Indian and multinational firms. <h2 style="margin-bottom: 0.7em; line-height: 1.3; color: rgb(0, 0, 0); font-size: 24px; background: 0px 0px; text-rendering: optimizelegibility;">IIT Bombay 2024 placements: Pre-Placement offers</h2>Pre-placement offers (PPOs) continued to be a vital aspect of the placement process at IIT Bombay. In the 2023-2024 placement season, students received 300 PPOs, of which 258 were accepted. These offers were largely made after the completion of summer internships, highlighting the importance of these internships in securing full-time positions. <h2>Comparison of the number of students placed in the last four years</h2>IIT Bombay has seen lesser student placement numbers over when compared to last year. However, when we look at the last four years, the numbers have been stable. In the 2020-2021 season, 1,150 students were placed, which rose to 1,441 in 2021-2022. The peak was reached in 2022-2023 with 1,516 placements, while this year saw a slight decrease to 1,475. This slight dip from last year’s record high can be attributed to the challenging global economic conditions. <h2>Number of offers from different programs</h2>Different academic programs at IIT Bombay saw varying levels of placement success. The B.Tech program led the way with 683 placements, followed by the M.Tech program with 415 placements. The Dual Degree (B.Tech + M.Tech) program saw 152 students placed, while other programs such as M.Sc., M.Des, and Ph.D. had varying placement numbers, reflecting the diverse opportunities available across disciplines. <h2>International opportunities</h2>This year’s placement season also highlighted a significant rise in the number of international offers, with students receiving opportunities in countries like Japan, Taiwan, Europe, the UAE, Singapore, and the USA. 78 international job offers were made to students this year, whcih is an increase when compared to 65 offers last year. Additionally, the number of companies participating in the placements grew by 12%, indicating steady interest from employers. SEE ALSO: <a href="https://www.businessinsider.in/business/news/will-protest-in-front-of-infosys-office-if-date-is-breached-nites-president-as-1000-freshers-get-joining-date/articleshow/112913256.cms" data-type="tilCustomLink" target="_blank"></a><a href="https://www.businessinsider.in/business/news/swiggy-co-founder-reveals-the-company-had-0-orders-on-day-1-now-it-has-over-3-lakh-partners/articleshow/112884424.cms" data-type="tilCustomLink" target="_blank">Swiggy co-founder reveals the company had 0 orders on day 1, now it has over 3 lakh partners</a> Will protest in front of Infosys office if date is breached: Nites president as 1,000 freshers get joining date

IIT Bombay 2024 placements: Lowest salary drops to Rs 4 LPA, 22 students get Rs 1 crore package

IT services major Tata Consultancy Services has entered into a partnership with the <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>n Institute of Technology-Bombay, to develop what it said is India's first <keyword id="21836125" type="General" weightage="20" keywordseo="quantum-diamond-microchip-imager" source="keywords">quantum diamond microchip imager</keyword>. According to a statement from the IT services major on Tuesday, this to-be-developed sensing tool will hold the potential to unlock new levels of precision in the examination of <keyword id="20649044" type="General" weightage="20" keywordseo="semiconductor-chips" source="keywords">semiconductor chips</keyword>, reduce chip failures and improve the energy efficiency of electronic devices. Over the next two years, experts from <keyword id="19950203" type="General" weightage="20" keywordseo="TCS" source="keywords" meta.keywordsubtype="org" meta.entityname="TCS" meta.hostid="268" meta.entityid="TCS">TCS</keyword> will work with Dr Kasturi Saha, Associate Professor in the Department of Electrical Engineering of IIT-Bombay to develop the tool. Semiconductor chips are an essential component of all modern electronic devices. These chips act as the brain of devices across industries such as communications, computing, healthcare, military systems, transportation, clean energy, and what not. Professor Saha said, "By working together, we aim to transform various sectors, including electronics and healthcare, and propel India forward through ground-breaking technologies and products aligned with National Quantum Mission's Quantum Sensing and Metrology vertical." Dr Harrick Vin, Chief Technology Officer, TCS, noted that the Second Quantum Revolution is progressing at an unprecedented speed, making it imperative to pool resources and expertise to build cutting-edge capabilities in sensing, computing, and communication technologies. "We firmly believe this initiative will have a transformative impact on various industries and society, with applications ranging from electronics to healthcare, and beyond. By working together, we can drive innovation and create a brighter future for all," said the CTO. National Quantum Mission, an initiative of the central government, aims to position the nation as a global quantum technology leader. As semiconductors continue to shrink in size, traditional sensing methods lack the precision and capabilities to detect anomalies in the chips, TCS asserted. The to-be-developed Quantum Diamond Microchip Imager can image magnetic fields, enabling a non-invasive and non-destructive mapping of semiconductor chips, much like an MRI at a hospital. It uses the defects in a diamond's structure, known as Nitrogen-Vacancy (NV) centers, together with the other hardware and software for detecting and characterizing anomalies in semiconductor chips. The semiconductor industry in India is still in a nascent stage, with various local and multinational companies intending to tap its vast potential. Union Minister for Communications and Electronics and IT, Ashwini Vaishnaw, earlier this year said, that by the end of 2024, India would witness the launch of the first indigenous semiconductor chip. Currently, four semiconductor units -- three in Gujarat and one in Assam -- are in under construction stage. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/awfis-space-solutions-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110467409.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/awfis-space-solutions-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/110467409.cms" target="_blank">Awfis Space Solutions IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-f55-with-leather-back-launched-in-india-starting-at-26999/articleshow/110462026.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-f55-with-leather-back-launched-in-india-starting-at-26999/articleshow/110462026.cms" target="_blank">Samsung Galaxy F55 with leather back launched in India starting at ₹26,999</a><a href="https://www.businessinsider.in/tech/news/lenovo-loq-15-review/articleshow/110456546.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/lenovo-loq-15-review/articleshow/110456546.cms" target="_blank">Lenovo LOQ 15 review – gaming laptop with a sturdy design</a>

TCS ties up with IIT Bombay to develop India's first sensing tool for semiconductor chip imaging

<ul><li>In the rankings, released in London recently, <keyword id="61708" type="General" weightage="80" keywordseo="iit-bombay" source="Orion">IIT Bombay</keyword> was evaluated as India's top higher education institution.</li><li><keyword id="6354859" type="General" weightage="100" keywordseo="iit" source="Orion">IIT</keyword> Bombay was also included in the world's top 100 institutes based on the employability of its graduates.</li><li>Globally, the University of California was declared the top university.</li></ul> IIT Bombay is the best educational institution in India, as per the '<keyword id="421975" type="General" weightage="50" keywordseo="qs-world-university-rankings" source="Orion">QS World University Rankings</keyword>: Sustainability 2023'. In the rankings, released in London recently, IIT Bombay was evaluated as India's top higher education institution for its excellence in employability, social concern, and environment. IIT Bombay was featured in the 281-300 rank range, followed by IIT Delhi (321-340 rank) and <keyword id="58265" type="General" weightage="50" keywordseo="jawaharlal-nehru-university" source="Orion">Jawaharlal Nehru University</keyword> (JNU) at the third rank (361-380). Apart from this, IIT Bombay was also included in the world's top 100 institutes based on the employability of its graduates. IIT Delhi was ranked for its employability and environment while Jawaharlal Nehru University (JNU) was ranked for gender equality and removing other inequalities. In terms of competition and academic freedom, <keyword id="6360099" type="General" weightage="50" keywordseo="delhi-university" source="Orion">Delhi University</keyword> ranked fourth in India. Globally, the University of California was declared the top university, followed by the <keyword id="127994" type="General" weightage="50" keywordseo="university-of-toronto" source="Orion">University of Toronto</keyword> and the <keyword id="156050" type="General" weightage="50" keywordseo="university-of-british-columbia" source="Orion">University of British Columbia</keyword> in second and third ranks respectively. The US dominates the rankings with 135 ranked universities (19.2 per cent of the total). Of these, 30 universities are included in the top 100. Similarly, the UK was ranked second with 67 British universities being included in the rankings. After the US and the UK, Australia and Germany are at the forefront of this ranking. The students and teachers of JNU are excited by the university's performance in the rankings. JNU Vice Chancellor Professor Santishree D. Pandit said that she congratulates the students and teachers of JNU "for fulfilling the dream of Dr. Bhim Rao Ambedkar and Prime Minister <keyword id="6354477" type="General" weightage="50" keywordseo="narendra-modi" source="Orion">Narendra Modi</keyword>". In the rankings, IIT Kharagpur was featured in the 551-600 rank range. IIT Kharagpur has secured the highest in continuous and regular research efforts. IIT Kharagpur has taken many special initiatives to improve lifestyle and health which are being appreciated globally. IIT Roorkee was included in the 451-500 rank range of the list. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/it-took-a-3-hour-operation-to-remove-coconut-sized-tumour-from-a-72-year-olds-thyroid-gland/articleshow/95134552.cms">It took a 3-hour operation to remove 'coconut-sized' tumour from a 72-year-old's thyroid gland</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/musk-is-now-twitter-boss-fires-indian-origin-ceo-agrawal-other-top-execs/articleshow/95134427.cms">Musk is now Twitter boss, fires Indian-origin CEO Agrawal, other top execs</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/environment/news/india-needs-to-invest-12-1-trillion-to-achieve-carbon-neutrality-by-2050-mckinsey/articleshow/95125243.cms">India needs to invest $12.1 trillion to achieve carbon neutrality by 2050: McKinsey</a>

QS Rankings: IIT Bombay best in employability, IIT Delhi ranks second

With a score of 314 marks out of 360, R.K. Shishir from Bombay zone has secured the first rank in the <keyword id="6354859" type="General" weightage="80" keywordseo="iit" source="Orion">IIT</keyword> entrance examination JEE-Advanced, the results of which were declared on Sunday. R.K. Shishir is the topper among the students whose names are included in the list of top 10 in JEE-Advanced exam. <keyword id="14954873" type="General" weightage="50" keywordseo="polu-lakshmi-sai" source="Orion">Polu Lakshmi Sai</keyword> came at number two, <keyword id="14954874" type="General" weightage="50" keywordseo="thomas-biju" source="Orion">Thomas Biju</keyword> at number three, <keyword id="14954872" type="General" weightage="50" keywordseo="vangapalli-sai-siddharth" source="Orion">Vangapalli Sai Siddharth</keyword> at number four and Mayank Motwani of IIT Delhi zone came at number five. <keyword id="14954875" type="General" weightage="50" keywordseo="polishetty-kartikeya" source="Orion">Polishetty Kartikeya</keyword> is at 6th position, Prateek Sahu is 7th, Dheeraj Kurukunda is 8th in All India Rank, Mahit is at 9th position and Vetcha Gnana Mahesh has secured 10th position. Among the girls, Tanishka Kabra of IIT Delhi Zone bagged the top rank, while in common rank list she is at 16th place. Tanishka secured 277 marks out of 360 in JEE-Advanced exam. 40,712 candidates qualified this year out of a total of 1,55,538 who appeared in both Paper 1 and 2 of JEE-Advanced 2022. Based on the results, the admission process will now begin in 23 IITs across the country. Of the total 40,712 candidates who have qualified the JEE-Advanced exam, 6516 are girl students. In the case of foreign students, 296 foreign girl students had registered themselves for JEE-Advanced examinations. However, only foreign 280 students appeared and a 145 cracked the examination. JEE-Advanced exam was held on August 28. The test for the first paper of JEE-Advanced exam was held from 9 a.m. to 12 noon and the second paper was held from 2.30 p.m. to 5.30 p.m. In order to prevent electronic malpractices in the JEE-Advanced examination, 'jammers' were installed at the centres. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/bank-unions-call-for-forensic-audit-of-uti-amcs-2000-crore-exposure-in-dhfl/articleshow/94127713.cms">Bank unions call for forensic audit of UTI AMC's ₹2,000 crore exposure in DHFL</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/covid-19-update-active-covid-cases-in-country-decline-to-47945/articleshow/94127501.cms">Covid-19 update: Active Covid cases in country decline to 47,945</a>

JEE-Advanced Results: RK Shishir of IIT Bombay  tops zone

<ul><li>The <keyword id="14750713" type="General" weightage="50" keywordseo="jsw-technology-hub" source="Orion">JSW Technology Hub</keyword> will help develop solutions for steel manufacturing in India. </li></ul><ul><li>Both will collaborate on research, training, and technical studies on new and sustainable steel technologies. </li></ul><ul><li>The <keyword id="14752497" type="General" weightage="50" keywordseo="sajjan-jindal-steel" source="Orion">Sajjan Jindal Steel</keyword> Professor Chair will be instituted at <keyword id="61708" type="General" weightage="80" keywordseo="iit-bombay" source="Orion">IIT Bombay</keyword> for research in sustainable steel manufacturing and its use. </li></ul>Indian business conglomerate <keyword id="13852" type="General" weightage="100" keywordseo="jsw" source="Orion">JSW</keyword> Group and one of India’s premier engineering institutes, <keyword id="6354859" type="General" weightage="80" keywordseo="iit" source="Orion">IIT</keyword> <keyword id="6356654" type="General" weightage="80" keywordseo="bombay" source="Orion">Bombay</keyword>, have tied up to establish a technology hub for developing solutions for steel manufacturing in India. JSW will provide financial and technical support to IIT Bombay for constructing the JSW Technology Hub. IIT Bombay is expected to complete the construction by FY28. The JSW Technology Hub will be established within IIT Bombay’s Center of Excellence in Steel Technology (CoEST). Its key objective would be to achieve expansion of quality steel production while curbing carbon emissions. “Our thrust on R&amp;D and product development has made us the largest and preferred supplier across categories. JSW Group’s strategic partnership with IIT Bombay is a progressive step on our ongoing journey to be future-ready,” said <keyword id="216472" type="General" weightage="50" keywordseo="seshagiri-rao" source="Orion">Seshagiri Rao</keyword>, joint MD <keyword id="45609" type="General" weightage="50" keywordseo="jsw-steel" source="Orion">JSW Steel</keyword> and group CFO. JSW and IIT Bombay will collaborate on research, training and technical studies on new and emerging steel technologies. IIT Bombay will also institute the Sajjan Jindal Steel Professor Chair to enable focused training and research on new and emerging technologies in steel manufacturing. A joint steering committee will be established with representation from both IIT Bombay and JSW Steel to steer the technical collaboration between the two entities. “This powerful combination will jointly leverage IIT Bombay’s knowledge-rich faculties and JSW’s technical capabilities to develop novel industrial applications for steel manufacturing with focus on low carbon emissions,” <keyword id="13864" type="General" weightage="50" keywordseo="sangita-jindal" source="Orion">Sangita Jindal</keyword>, chairperson of JSW Foundation, said. “Our CoEST has a vision to facilitate the Indian steel sector to become a world leader, “ Subhasis Chaudhuri, Director, IIT Bombay added.

IIT Bombay and JSW Group to establish a technology hub for steel manufacturing

<ul><li>Abhyuday, the social body of Indian Institute of Technology (IIT), Bombay, will be organising its annual socio-weekend on January 22-23, 2022, addressing the issues faced by the diverse populace of the nation.</li><li>The weekend will feature a number of socially oriented events addressing climate change, financial literacy among the youth, menstrual hygiene, and much more.</li><li>The events will be graced by the presence of eminent speakers like Sriram Iyer Editor-In-Chief of Business Insider India, Mr. <keyword id="270675" type="General" weightage="20" keywordseo="shiv-khera" source="Orion">Shiv Khera</keyword> Author of You Can Win, <keyword id="2651716" type="General" weightage="20" keywordseo="suhani-mohan" source="Orion">Suhani Mohan</keyword>, Dr. <keyword id="13004442" type="General" weightage="20" keywordseo="era-dutta" source="Orion">Era Dutta</keyword>, and many more.</li></ul>Abhyuday, the social body of India’s premier engineering institute, Indian Institute of Technology (IIT), Bombay, in association with Vigyantram will be organising its annual socio-weekend on January 22-23, 2022, addressing the issues faced by the diverse populace of the nation. The weekend will feature a number of socially oriented events addressing climate change, financial literacy among the youth, menstrual hygiene, and much more. The weekend will foreground burning issues that require immediate discourse and action. The socio-weekend is a platform for various celebrities, entrepreneurs, authors, social activists, environmentalists, institutions, and NGOs to empower and encourage the audience. The theme of this socio-weekend is “A Melioristic Paradigm” with the aim of creating awareness and making the world better. This social weekend inculcates various activities like Samwad – group discussion on the issues that one might want to think about and discuss, IAS talk – Insight into Governance, Importance of financial literacy, Driving to a greener future- Electric vehicles, Emotional intelligence workshop, Health check-up camp, Author talk, Plantation drive, Menstrual Hygiene workshop. The events will be graced by the presence of eminent speakers like Sriram Iyer Editor-In-Chief of Business Insider India, Mr. Shiv Khera Author of You Can Win, Suhani Mohan, Dr. Era Dutta, and many more. To register for the Socio-weekend: <a href="https://socioweekend.abhyudayiitb.org/">https://socioweekend.abhyudayiitb.org/</a>, Disclaimer: Business Insider India is a media partner to the event.

IIT-Bombay’s annual socio-weekend to start from January 22

The Entrepreneurship Cell of <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>n Institute of Technology (IIT), Bombay is a non-profit organisation that conducts several initiatives throughout the year to promote entrepreneurship. Having received patronage from the likes of <keyword id="6361804" type="General" weightage="20" keywordseo="unesco" source="Orion">UNESCO</keyword>, Startup India and Make in India, E-Cell envisions to portray entrepreneurship as a viable career option for the younger generation and push them towards becoming job creators rather than job seekers. Eureka! - the annual business model competition of <keyword id="12393576" type="General" weightage="20" keywordseo="E-Cell-IIT-Bombay" source="Orion">E-Cell IIT Bombay</keyword> is one of their initiatives that identifies the most innovative ideas and provides support to make them a commercial success. The startups that participate in the competition receive mentoring, funding, incubation, networking, and many other opportunities. There are prizes worth ₹80 lakhs for the winners along with the opportunity to present their idea at Expo 2020 Dubai. Started in 1998 with a prize money of ₹50,000, Eureka! has grown rapidly to become Asia’s largest business model competition with more than 10,000 entries coming in every year. Many startups from Eureka! have gone on to become multi-million dollar enterprises. Registrations for startups are open at: eureka.ecell.in With a year of lockdown and restricted business activity, several problems have become prevalent in society. Eureka! envisions to bring out the best solutions to these problems in different sectors and provide the support that is needed by them to solve the woes of society. This year, the competition is divided into 7 different tracks: 1. Salesken Business Track: The Flagship track of Eureka!, the business track aims to help ideas develop into businesses that have the potential to revolutionize the world. 2. Swavalamban SIDBI Social Track: The Social track encourages ideas and B-models which cater to people closer to the bottom of the pyramid and envision the greater good of the society. 3. SBI General Fintech Track: The fintech track encompasses advances in technology and changes in business models that have the potential to transform the provision of financial services through the development of innovative instruments, channels, and systems. 4. Shell Sustainable and Affordable Energy Track: The Sustainable and Affordable energy track encourages startups that are working towards clean energy goals and providing alternatives to traditional fuels. 5. Godrej Agrovet Food and Agro Track: The Food and Agro track aims at supporting innovation in the field of Food &amp; Agriculture industry. There is a lot of potential in this sector as the millennial generation is moving towards healthy eating habits while trying to retain the enjoyment of eating junk food. 6. Westbridge Capital Pan-IIT Track: The Pan-IIT track invites entries from startups founded by students or alumni of any of the 23 Indian Institute of Technology (IITs). 7. Gulf Islamic Investments Edutech Track: With the pandemic shaking up the entire world including the education system, transition to a digital mode has now become an absolute necessity rather than a mere technology-driven trait. This track has got education and innovation excellence at its core. From a startup’s perspective, Eureka! is much more than a competition. It provides opportunities that enable startups to reach the best places and create an impact in the country. E-Cell <keyword id="61708" type="General" weightage="20" keywordseo="IIT-Bombay" source="Orion">IIT Bombay</keyword> believes that for making India a superpower and taking it to the pinnacle of success, it is essential for us to support our entrepreneurs. Eureka! is an initiative that empowers the best ideas and helps the progress of the country. So, if you think your idea has the potential to change the world, register now! Deadline for registration is 26th October. Disclaimer: Business Insider is an insights partner for the event. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-will-be-the-first-fintech-startup-in-india-to-get-listed-on-the-bourses-and-it-is-profitable/articleshow/87280457.cms">Fino Payments Bank will be the first fintech startup in India to get listed on the bourses and it is profitable</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/amazon-backed-office-shuttle-service-shuttl-finds-a-saviour-in-chalo/articleshow/87278431.cms">Amazon-backed office shuttle service Shuttl finds a saviour in Chalo</a>

Pitch your startup ideas at IIT Bombay’s business model competition Eureka! — Here’s how you can apply

<ul><li>An <keyword id="61708" type="COMPANY" weightage="20" keywordseo="IIT-Bombay">IIT Bombay</keyword> graduate, Toshendra Sharma, has launched a new platform for non-fungible tokens called NFTically.</li><li>Sharma wants everyone to be able to set up their own <keyword id="4668945" type="PERSON" weightage="20" keywordseo="nft">NFT</keyword> marketplaces, but claims his product is not in competition with WazirX or ZebPay.</li><li>NFTically charges lower fees to artists creating their own marketplace, does not push on KYC and claims to be immune to any new crypto regulation in India.</li></ul>Toshendra Sharma, an Indian Institute of Technology (IIT) alumnus, wants to democratise the market for non-fungible tokens (NFTs). Rather than have artists list their creations on someone else’s marketplace, Sharma’s new <keyword id="11050714" type="UNKNOWN" weightage="20" keywordseo="nft-platform">NFT platform</keyword> — NFTically — lets artists set up their own shop, which also comes with lower fees when making a sale. And, the new NFT platform launched on July 20, is backed with seed funding from Polygon Matic’s CEO, Jayanti Kanani. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup></colgroup></colgroup></colgroup></colgroup></colgroup></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Marketplaces on NFTically </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fee </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Artwork sold on artist’s marketplace </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Artwork sold on NFTically marketplace </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.5% </td></tr></tbody></table> Sharma maintains that despite NFTically’s proposal, it’s not trying to compete with WazirX — India’s largest crypto exchange, which just launched its own NFT platform just one month ago. <div type="ExtQuote" text="We love what WazirX has done. We love what ZebPay has done. They’re doing a wonderful job. We just want to be a system that adds value. We’re not competing against them." auname="Toshendra Sharma, CEO and founder of NFTically, told Business Insider during the launch"></div> <cmsannotation type="cmsannotation" annotationid="WazirX wants remain exclusive — NFTically is calling in the masses" comment="subhead" text="WazirX wants remain exclusive — NFTically is calling in the masses">WazirX wants remain exclusive — NFTically is calling in the masses</cmsannotation> Unlike WazirX, which only allows a few ‘exclusive’ members to launch NFTs on its new platform, NFTically’s primary goal is to pump up volume and transactions. “We are focusing on adoption and use cases through the customer’s own marketplace,” said Sharma. This is why not only does the new NFT platform allow the minting of new NFTs but also allows users to set up their own NFT marketplaces as well. The process doesn’t require any substantial investment or cost — aside from the minimum amount of <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword> a person should ideally have in their crypto wallet before signing up. This means anyone from a YouTuber to a TikToker to a journalist can list their digital products to be sold online without having to compromise on the intellectual property rights. NFT rights, or digital rights, are a category of ownership of their own and don’t have anything to do with how the original artist wants to sell their work offline. <cmsannotation type="cmsannotation" annotationid="NFTically is keeping the barriers to entry low" comment="subhead" text="NFTically is keeping the barriers to entry low">NFTically is keeping the barriers to entry low</cmsannotation> With NFTically, there is no Know-Your-Customer (KYC) obligation either. But, users will be flagged for suspicious activity like publishing someone else’s copyrighted material or having a wallet address that’s been flagged for illicit activities. “There is no KYC needed because that’s how the Ethereum blockchain system works,” Sharma told Business Insider. “If we find anything suspicious, or something wrong, we may ask you for the KYC. For now, we’re keeping it open.” NFTically is available to users all over the world except for those flagged by the Financial Action Task Force (FATF) for money laundering — countries like North Korea or Iran. <cmsannotation type="cmsannotation" annotationid="Regulations won’t affect NFTically, because it’s not dealing with banks" comment="subhead" text="Regulations won’t affect NFTically, because it’s not dealing with banks">Regulations won’t affect NFTically, because it’s not dealing with banks</cmsannotation> Also, unlike WazirX, NFTically claims that it won’t be affected by any changes in regulation by the Indian government or the Reserve Bank of India (RBI) because it’s not converting an Indian currency into cryptocurrency. <div type="ExtQuote" text="The Indian government’s regulations are more for exchanges." auname="Toshendra Sharma, CEO and founder of NFTically, told Business Insider during the launch"></div> The new NFT platform allows NFTs to be minted on either Polygon, Ethereum or the Binance Finance Coin. Those looking to make a purchase, but don’t own any cryptocurrency, can do so with their VISA or Mastercard. Even these transactions are not handled by banks, but by external entities. WazirX was already locking horns with the government over currency conversion and, more recently, the Enforcement Directorate (ED) has been sniffing around with accusations of money laundering. <cmsannotation type="cmsannotation" annotationid="What is an NFT?" comment="subhead" text="What is an NFT?">What is an NFT?</cmsannotation> NFTs are the latest trend in blockchain. Unlike cryptocurrencies, no two NFTs are identical. Simply put, you can’t exchange them and put one in place of another. And, their value comes from how rare they are — akin to collectibles or the art world. In India, Sharma isn’t the only one, nor is he the first, to see the potential of the NFT market. WazirX’s NFT platform, launched just one month ago, lets users post NFTs but the selection process, at least for now, is rigorous and not just anyone can sign up. ZebPay, on the other hand, has launched its own NFTs called Dazzle. According to the company, each Dazzle token will have unique properties and will also dole out rewards to the user — like lower fees on the ZebPay exchange or discounts on partner platforms. The NFTs will gain new powers over time, and give the owner more membership benefits. At some point, it will also be possible to generalize new tokens from pairs of existing ones. In India, the NFT culture has only just come in. According to Sharma, the Asian nation has the potential to be the frontrunner in the whole space. “Once it’s picked up, it won’t take time to beat the West in volume and transaction amounts,” he said. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/indias-polygon-blockchain-is-launching-a-new-unit-to-focus-on-nfts-and-crypto-gaming/articleshow/84584445.cms">India’s Polygon is betting big on gaming and NFTs — so much so that it’s created a whole department for it</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/nso-groups-pegasus-can-hack-into-any-phone-it-wants-without-your-knowledge/articleshow/84582035.cms">NSO Group’s Pegasus can hack into any phone it wants without your knowledge — and there’s nothing you can do to stop it</a>

A new NFT platform by an IIT Bombay graduate wants everyone to be able to set up their own shop online

<ul><li>Twitter founder <keyword id="265395" type="General" weightage="20" keywordseo="jack-dorsey" source="Orion">Jack Dorsey</keyword> has resigned from his position as the Chief Executive Officer. </li><li>IIT-Bombay alumnus, <keyword id="3115373" type="General" weightage="20" keywordseo="parag-agrawal" source="Orion">Parag Agrawal</keyword> has been named as the CEO. </li><li>Prior to Twitter, Agrawal had stints at Microsoft, Yahoo and AT&amp;T in research roles.</li></ul>Twitter’s founder Jack Dorsey has stepped down as the Chief Executive Officer, making way for an engineer from Indian Institute of Technology (IIT) Bombay, who went on to do his PhD from Stanford University. After finishing his Bachelor's in Computer Science, Agrawal completed his Doctor of Philosophy, majoring in computer science, according to his Linkedin profile. Parag Agrawal has been with Twitter for just over a decade now and joined as a software engineer. Before taking over as CEO, he was the chief technology officer at the social media firm worth over $37 billion. At Twitter, Agrawal was responsible for the company’s technical strategy, and oversaw machine learning and AI across the consumer, revenue and science teams. Before joining Twitter, Agrawal had stints at Microsoft, Yahoo and AT&amp;T in research roles. Dorsey described him as curious, probing, rational, creative, demanding, self-aware and humble. “The world is watching us right now, even more than they have before. Lots of people are going to have lots of different views and opinions about today’s news,” Agrawal said in a note he shared on Twitter right after the announcement from Dorsey. <div type="twitter" handle="paraga" handlename="Parag Agrawal" image="http://pbs.twimg.com/profile_images/1375285353146327052/y6jeByyD_normal.jpg" favoritecount="9360" retweetcount="2536" status="Deep gratitude for @jack and our entire team, and so much excitement for the future. Here’s the note I sent to the… https://t.co/1OzUfLC5KY" createdat="1638201579000" id="1465349749607854083"></div> The share price of Twitter jumped <a href="https://www.businessinsider.in/stock-market/news/twitter-market-value-jumps-more-than-4-billion-on-news-jack-dorsey-is-stepping-down-as-ceo/articleshow/87988509.cms">up nearly 5% </a>after Dorsey decided to step down as CEO. The stock has multiplied over 2.5 times since its listing in 2016 but the last year has been tough. Twitter’s shares had lost over 10% of their value at a time when the tech stocks were in a dizzying rally on Wall Street. From Sundar Pichai at Google’s parent Alphabet and Satya Nadella at Microsoft to Arvind Krishna leading IBM and Shantanu Narayen at Adobe, Parag Agrawal will be the latest in a long list of Indian-origin CEOs leading some of the <a href="https://www.businessinsider.in/business/startups/news/indian-americans-behind-some-of-the-most-popular-startups-and-technology-firms-in-the-us/slidelist/81884255.cms">world’s top tech companies</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/mobile/news/motorola-launches-moto-g31-smartphone-with-oled-display-starting-at-12999/articleshow/87981010.cms">Motorola launches 'Moto G31' smartphone with OLED display starting at ₹12,999</a>

Meet Parag Agrawal, the IIT-Bombay grad who is taking over from Jack Dorsey at Twitter

<ul><li>Around 76,000 students applied for internships every day in 2020, reveals a survey conducted by recruitment and training platform, <a href="https://economictimes.indiatimes.com/jobs/76000-students-applied-to-internships-every-day-in-past-year-survey/articleshow/81967814.cms?from=mdr">Internshala</a>.</li><li>Internships have become an integral part of a college's student’s career trajectory in India, irrespective of their educational background.</li><li>These companies are hiring interns for different roles in different parts of the country.</li></ul>Students who want to enter the job industry, ideally, should get some hands-on experience with internships. Around 76,000 students applied for internships every day in 2020, reveals a survey conducted by recruitment and training platform, <a href="https://economictimes.indiatimes.com/jobs/76000-students-applied-to-internships-every-day-in-past-year-survey/articleshow/81967814.cms?from=mdr">Internshala</a>. Internships have become an integral part of a college's student’s career trajectory in India, irrespective of their educational background. There was a 35% rise in students seeking internships in 2020 as compared to 2019, revealed the report. Business development, content writing, human resources, digital marketing, social media marketing, marketing, and research are some of the good profiles for a fresher to pursue. These companies are hiring interns for different roles in different parts of the country — 1. <keyword id="10387" type="COMPANY" weightage="20" keywordseo="Microsoft">Microsoft</keyword> — Research World’s biggest multinational software company is looking to hire <a href="https://careers.microsoft.com/us/en/job/931311/Research-Intern?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Research interns</a> where interns will learn and collaborate with experienced researchers. Eligibility: Candidates must be enrolled in a university as part of either doctoral, masters, or undergraduate programmes or be a recent graduate from such a programme. 2. <keyword id="15491" type="COMPANY" weightage="20" keywordseo="Airtel">Airtel</keyword> — Business Development The telecommunications company is seeking to hire <a href="https://internshala.com/internship/detail/business-development-sales-internship-in-multiple-locations-at-bharti-airtel-limited1621837165">Business Development</a> interns at various locations -- Ahmedabad, Jaipur, Gandhinagar and Rajasthan for three months with a comprehensive stipend of ₹10,000 per month. Job role: Interns will have to handle distributors, work on channel sales and drive prepaid business, reporting, process compliance and generating revenue. 3. BYJU’S — Marketing Ed-tech company is looking out for <a href="https://internshala.com/internship/detail/marketing-internship-in-multiple-locations-at-byjus-the-learning-app1620706014">Marketing interns</a> at various locations for four months with a stipend of ₹18,000 per month. Job role: The candidates will have to interact with school personnel and inform them about the ongoing projects, achieve weekly targets of interaction and closure, and meet the prospects for the business. 4.<keyword id="8681398" type="UNKNOWN" weightage="20" keywordseo="Urban-Company">Urban Company</keyword> — Operations Urban Company (earlier UrbanClap), a home-service marketplace is looking for interns in <a href="https://internshala.com/internship/detail/operations-internship-in-chennai-at-urban-company1622180187">Chennai</a> and <a href="https://internshala.com/internship/detail/operations-internship-in-bangalore-at-urban-company1622197584">Bangalore</a> for one month with a stipend of ₹10,000 per month. Job role: The selected intern would have to work on supply on-board, quality control of supply base and initiate the user friendly flow. Urban Company also has a vacancy for Human Resources interns who can <a href="https://internshala.com/internship/detail/human-resources-hr-work-from-home-job-internship-at-urban-company1622456109">work-from-home</a> for two months with a stipend of ₹10,000. Job role: The selected candidates will take interviews of prospective candidates,design the interview and reporting structure of the team. 5. Just Dial — Human Resources (HR) The local search services firm is hiring an <a href="https://internshala.com/internship/detail/human-resources-hr-internship-in-chandigarh-at-justdial-limited1621499461">HR intern</a> in Chandigarh for three months with a stipend of ₹5,000 per month. Job role: HR will have to make cold calls to preferred candidates, organise job fairs and events. 6. ByteDance (TikTok’s parent company) — Digital Marketing This global internet giant is actively looking for <a href="https://internshala.com/internship/detail/digital-marketing-work-from-home-job-internship-at-bytedance1621925865">Digital Marketing</a> interns who can work-from-home for three months with a competitive stipend of ₹18,000 per month. Job role: The selected candidates will have to handle the daily operations of teachers on Youtube platforms, complete Youtube data collection, and establish partnerships with influencers in different industries. 7. IIT Bombay — Content Creation Indian Institute of Technology, Bombay is looking for <a href="https://internshala.com/internship/detail/content-creation-work-from-home-job-internship-at-iit-bombay1621335538">content creators </a>who can work from home for six months with a stipend of ₹1,000 per month. Job role: The chosen candidates will have to come up with catchy stories to structure content, creating high quality power presentations. 8. IDBI Federal Life Insurance Company — Marketing The multinational insurance firm is looking for <a href="https://internshala.com/internship/detail/marketing-internship-in-kolkata-at-idbi-federal-life-insurance-company1620757275">Marketing interns</a> in Kolkata for the period of two months with a comprehensive stipend of ₹5,000 per month. Job role: The selected candidates will have to formulate new ideas to add value, set and achieve performance targets, develop and enter into alliances and affiliations with other organisations. It is also hiring <a href="https://internshala.com/internship/detail/human-resources-hr-work-from-home-job-internship-at-idbi-federal-life-insurance-company1620757033">Human Resources</a> interns who can work-from-home for three months with a stipend ranging between ₹4,000 - ₹7,000 per month. Job role: Candidates will have to plan, develop and implement a strategy for HR, establish and maintain appropriate systems for HR development. 9. Freecharge — Business Development The payment platform is hiring <a href="https://internshala.com/internship/detail/business-development-sales-internship-in-multiple-locations-at-freecharge-payments-technology-private-limited1622193927">Business Development interns</a> in Gurgaon, Noida and Delhi for three months with a stipend of ₹7,000 per month. Job role: Candidate will be responsible to contact new partners, work on merchant acquisition and operations. 10. Zoomcar — Graphic Designing The car rental startup is hiring graphic designing interns who can work-from-home for three months with a stipend of ₹5,000 per month. Job role: The selected candidates will assist the creative team and art director, work on multiple projects simultaneously, maintain high standards of graphic designs with quality control, according to the firm. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/these-are-the-hottest-jobs-in-the-cyber-security-industry-right-now-with-a-salary-package-of-up-to-23-lakh-per-annum/articleshow/82629876.cms">These are the hottest jobs in the cyber security industry right now, with a salary package of up to ₹23 lakh per annum</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/if-you-want-to-work-from-home-these-are-some-of-the-hottest-freelancing-jobs-in-high-demand/articleshow/81228585.cms">If you want to work from home, these are some of the hottest freelancing jobs in high demand</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/earn-money-online-here-are-some-exciting-part-time-work-from-home-jobs/articleshow/82449228.cms">These are some exciting part-time work-from-home jobs you can do to earn a few extra bucks</a>

Microsoft, Airtel, BYJU’S, IIT-Bombay and more — here is a list of companies looking for interns

According to a survey done by the entrepreneurship cell of <keyword id="61708" type="COMPANY" weightage="20" keywordseo="IIT-Bombay">IIT Bombay</keyword>, it is one of the institutes in India which has seen the evolution of start-ups from campus. The survey found that in terms of stage of products, start-ups at IIT-Bombay saw a jump from 33 per cent in 2015 to 39 per cent in 2017 among the prototypes, beta and full-fledged versions. In terms of resources required by start-ups, the shift has been towards mentoring, marketing, acceleration and networking. The study also cited how IIT-Bombay start-ups have moved away from services which formed 39 per cent in 2015 to technology which now forms 50 per cent of all start-ups from the premier institute this year. Followed by technology, agriculture and product and graphic design start-ups form 15 per cent each of the total sectoral break-up. One of the major challenges that IIT Bombay startups have faces is <keyword id="6357455" type="EVENT" weightage="20" keywordseo="Funding">Funding</keyword>, as is the case with startups across the country. The study reveals that as against 16 per cent start-ups bagging funding in 2015 which grew to 29 per cent in 2016, the same fell to 25 per cent in 2017. Among other challenges being faced by start-ups at IIT-Bombay, technical problems have taken a lead in 2017 over the past two years, followed by lack of co-working space, the requirement of a good team and networking. Interestingly, 11 out of 20 start-ups at IIT-Bombay won competitions of some form or the other, while three out of 11 reached finals of its own competition Eureka which goes on to speak volumes about the fact that students get the business model right at least in its nascent stage.

These challenges faced by IIT-B startups is a true reflection of the problems startups across India are dealing with

A team from <keyword id="61708" type="COMPANY" weightage="100" keywordseo="IIT-Bombay">IIT Bombay</keyword> just won the <keyword id="4632362" type="UNKNOWN" weightage="20" keywordseo="25th-Intelligent-Ground-Vehicle-Competition">25th Intelligent Ground Vehicle Competition</keyword>, world's biggest unmanned ground vehicle competition. It was recently held at <keyword id="249884" type="ORGANIZATION" weightage="20" keywordseo="Oakland-University">Oakland University</keyword> in Michigan, USA. The team's vehicle 'SeDriCa' participated in all three events and secured first place in the <keyword id="4625096" type="UNKNOWN" weightage="20" keywordseo="autonomous-navigation-challenge">Autonomous Navigation Challenge</keyword>. It secured the second place in the Design Challenge, second place in the Interoperability Profiles Challenge and was placed first (overall) among 29 participating teams from 5 different countries. The team was led by students Ankit Sharma and Rishabh Choudhary. Other members of the team are Anjan Kumar Patel, Ravi Jain, Vatsal Kansara, Surya Teja, Krishna Sandeep and Rohit Bhor. All of them are students of the Innovation Cell at IIT Bombay. They built the vehicle under the mentorship of Professor SN Merchant from Department of Electrical Engineering and Professor Ramesh Singh from Department of Mechanical Engineering. (Image courtesy: NDTV)

You Searched For "iit bombay" and got 12 results

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