PLACEMENTS
RBL Bank to raise Rs 65 billion via institutional placement of shares, debt issue
Indian private lender RBL Bank said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale.
Vedanta Limited to raise Rs 1,000 cr through private placement of NCDs
Vedanta Limited, a subsidiary of Vedanta Resources, announced plans to raise Rs 1,000 crore through bonds on a private placement basis. The fund raise is part of the company’s routine financing or refinancing activities, the company said in a stock exchange announcement.
Craftsman Automation shares rise over 3% on launching Rs 1,200 crore QIP
Craftsman Automation's share price rose 3.5% to Rs 4,945 on the BSE after initiating a Qualified Institutional Placement (QIP) to raise Rs 1,200 crore.
Co-op, work placements, and internships: A guide for international students
Employers seek capable graduates with practical experience. Work-integrated learning, such as co-op programs, work placements, and internships, offer real-world exposure. Co-op involves academic study and paid work related to the field. Work placements are short-term in a professional setting. Internships provide focused practical experience. International students should be aware of visa, work restrictions, and labor laws.
Kalpataru Projects International raises Rs 300 crore through NCDs
Kalpataru Projects International announced on Thursday the successful raising of Rs 300 crore through Non-convertible Debentures (NCDs) via private placement. The NCDs, totaling 30,000 with a face value of Rs 1,00,000 each, are set to be listed on the wholesale debt market segment of BSE Ltd, as per regulatory filing
IIIT Delhi places 86% of students at average salary of Rs 20.46 lakh per annum
86% of IIIT-Delhi's Class of 2024 secure job offers with highest domestic offer at Rs 49 lakh per annum. Highest international offer at $114,000. 113 companies participate, including regular top-tier recruiters, mid-segment firms, and startups. Average salary is Rs 20.46 lpa.
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ChatGPT Effect? 7,000 IIT students still jobless as placement season ends; Institute sends SOS to alumni for help
Over 7,000 IIT students remain unplaced as the 2023-24 placement season ends. IIT Delhi, IIT Bombay, and BITS are seeking help from alumni to secure jobs for these graduates. Economic factors and technological advances, such as the rise of ChatGPT, have contributed to the decline in placements, with many companies adopting a cautious hiring approach.
Coforge launches QIP to fund acquisition
The company in a filing with BSE said that the floor price for the issue is at ₹4,531.40 per equity share. In a recent interaction with ET, Sudhir Singh, the CEO, said that the company will shell out $220 - $250 million, (or about ₹1,826 crore - ₹2,081 crore) to acquire Hyderabad-based Cigniti Technologies even as the Noida-based IT firm launched an open offer to acquire an additional 26% stake in Cigniti. He had said that they would use QIP to acquire between 51% - 54% of the of Cigniti.
Attrition rates continue to remain high for MBA graduates; drop in pre-placement offers: Study
Deloitte India's study on MBA graduates reveals high attrition rates, location preferences, and trends in compensation and skills assessment.
IIT Madras: More than 80% of BTech/dual degree students, 75% of master’s students placed
IIT Madras achieves over 80% placement for BTech and dual degree students, 75% for master’s students. 1,091 students placed in 256 companies during 2023-24 campus placements. Median salary Rs 19.6 lakh per annum, average salary Rs 22 lakh per annum. Institute encourages entrepreneurship to create more job opportunities.
FMS Delhi completes summer placement season with 289 students bagging offers
FMS Delhi wrapped up its summer placement process with 289 students receiving offers from 101 companies. The average stipend for the Class of 2025 is Rs 2.96 lakh, with top students earning up to Rs 4.22 lakh.
IIM Shillong placements recorded highest CTC of Rs 71.50 lakh
IIM Shillong's 2022-24 batch achieved a highest CTC of Rs 71.50 lakh per annum, with significant improvements in placements across various domains. The institute's focus on excellence and quality education reflects in the lucrative job offers received.
BITSoM secures 100% summer internship for Class of 2025
BITSoM, Mumbai, achieved full summer internship placement for its MBA class of 2023-25 with a median stipend of Rs 2 lakh from 55 companies. Top recruiters like Tata Sons, Aditya Birla Group, and Hindustan Unilever offered internships.
High-paying IIT jobs a myth? Top grads settle for as low as Rs 6 lakh as placements dry up
Despite the usual hype surrounding the Indian Institutes of Technology (IITs) placement season, this year has presented significant challenges for graduates seeking high-paying jobs. The global economic slowdown has caused companies to reduce hiring numbers and offer lower salary packages, impacting students at prestigious institutes like IIT Indore, IIT Bombay, IIT-Kharagpur, and IIT Delhi.
IITs strive to beat placement winter blues
The schools are going all out to get more recruiters to campuses. The placement season ends in May-June for the IITs. Two of the top schools - IIT Bombay and IIT Delhi - have provided official placement data to ET. At IIT Bombay, the top choice for those who clear the entrance exam process, 33% of the 1,973 students participating in placements were yet to get jobs as of April 4. The older IITs are typically regarded by candidates as the most desirable. Apart from the eight older ones, India has 15 other IITs set up since 2008. IT-BHU became IIT-BHU (Varanasi) in 2012 by an act of Parliament.
Emotional intelligence: A crucial skill for freshers in uncertain job market
Emotional intelligence is crucial for freshers in the modern employment landscape. Employers highly value skills like self-regulation, empathy, and leadership potential. Developing EI through self-awareness activities and feedback can lead to success in a competitive job market.
Job openings: Entry-level tech hiring takes a hit; campus placements may fall over 50% this year
Over the previous few years, India's IT job market has seen a gradual fall in entry-level positions; this year, a further decline is projected, along with fewer hirings from colleges. Although there have been modest increases in hiring activity, the true momentum could not show up until the second half of the year.
Consulting, technology firms top recruiters at ISB, 70 first-time recruiters make 190-plus offers
Consulting and professional advisory services firms dominated recruitment for the Indian School of Business PGP Class of 2024, representing 37% of offers. Overall, 394 companies, including over 70 first-time recruiters, extended 1,206 job offers to 850 students. As of early April, over 95% of the batch had secured placements.
Lack of mass hiring by Amazon and other big cos adds to the woes of IITD students amid 30% drop in job offers
IIT Delhi's 2024 placement season faced challenges as students struggled to secure roles despite approaching numerous recruiters. The demand for specialized skills and absence of top firms added to the pressure, reflecting the tough job market conditions.
Many IIT students grapple with tough job market of 2024: From pay package woes to placement challenges
After failing to secure a job during the recent placement season, an undergraduate from Indian Institute of Technology Delhi turned to LinkedIn in hopes of finding employment but faced continued disappointment. Describing the 2024 placement season as lackluster, he emphasized the pressure felt by students. At IIT Delhi, placements occur in three phases,
SCMS Pune places 96.96% students for academic year 2023-24
The placements encompassed diverse industries, ranging from business processing outsourcing leaders like Accenture to banks such as ICICI Bank, said the statement.
SP Jain Global Bachelor of Data Science program records 100% placement for second consecutive year
SP Jain Global's Bachelor of Data Science programme secured 100% placement for the class of 2023, with the highest salary at AUD126,200. Sectors like consulting, telecommunications, and real estate were actively involved in recruitment, with students also securing internships at various organizations.
IIT degree doesn't guarantee crores: IIT-Roorkee alumni and IFS officer gives a reality check, busts placement myths
The reality of IIT placements, revealed by IFS officer Gaurav Garg, showcases a wide salary range from ₹6-35 lakh, with CSE and ECE graduates receiving higher offers. Global companies like Google and Facebook offer crores, but salary packages can be complex, often resulting in lower in-hand pay. IIT Bombay struggled this year, with 36% of students failing to secure jobs, reflecting challenges in a volatile economic climate.
516 IIMB students bag offers from 163 firms in final placement
The placement week, which ended February 7, saw 503 students getting hired, while 13 students were placed in a subsequent rolling placement process, IIMB said in a release.
IIM Rohtak wraps up final placements with average CTC of Rs 19.27 lakh
The top 10% of the batch received an average of Rs 37.25 lakh, and the top 25% and 50% were offered an average of Rs 29.28 lakh and Rs 24.13 lakh, respectively, the institute said in a statement on Friday. The highest CTC was Rs 48.25 lakh and the median CTC, Rs 17 lakh.
A high number of students not optimistic about landing their preferred jobs, says survey
The Unstop Talent Report 2024 reveals challenges faced by students in finding desired placements, with 50% uncertain about job prospects in their field. Only 7% of surveyed campuses achieved full placement success. HR leaders advocate curriculum changes to enhance employability, prioritizing skills over experience.
IIFT completes summer placements; average stipend at Rs 2.67 lakh
IIFT concluded summer placements for MBA (international business) 2023-25 batch with an average stipend of Rs 2.67 lakh. The institute showcased strong industry relationships and talent pool trust.
IIM Lucknow completes final placements for latest batches; gets 634 offers for 576 students
The highest international package offered to a student stood at Rs 1.23 crore per year while the highest domestic salary package reached Rs 65 lakh per annum. Students received a mean annual salary of around Rs 30 lakhs.
IIM Calcutta completes final placements; 464 students get 529 offers from 194 companies
Accenture Strategy was the top recruiter among the consulting sector, which included firms like EY-Parthenon, Monitor Deloitte, KPMG, PwC, Vector Consulting, Arthur D. Little, McKinsey, BCG, Bain, and Kearney, among others.
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