IITB Central Library 2.0 Service

Dear AlL,
We take great pleasure in informing you that Prof. Devang Khakhar has been selected by MHRD to continue as the Director of IIT Bombay for another term.

We congratulate him on behalf of all of us at the Institute and we look forward to his vision and continued leadership in taking IIT Bombay to greater heights.

With warm regards and the best wishes for a happy new year.

Hari Pandalai and Subhasis Chaudhuri
DD (FEA) DD (AIA)

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Source: Mumbai Mirror

No show by many companies as 888 placements offered after 1,600 students were interviewed.

The first round of placements this academic year at IITBombay left the the institute’s students in no doubt about the disappointing reality of the economic slowdown in the country.

Companies made proportionately few job offers: 888 placements were offered after 1,600 students were interviewed this year. Last year, 881 offers had been made, while only 1400 students had been interviewed.

To be sure, there were more companies that sought to hire from the campus this year—253 against 241. But the placements that were conducted between December 1 and December 18, saw a no-show by 30 companies.

Twenty others, who did campus interviews, did not hire at all.

“I have appeared for about six interviews in the first phase but did not get a job. Many of us felt the interviews went well; none of us are able to understand what went wrong.

“I don’t know how to prepare better for phase II,” said a final year student who is now tense about his prospects in the second phase of campus hiring.

The second round will be of a very long duration, starting in January 2014 and going on up to end of June.

Another final year student, Aditya Kulkarni, was initially placed and then later dropped.

“I appeared for two interviews. In one of them I was wait-listed. When the first person dropped out I should have got that offer.

But the company changed its mind. I’m now hoping to get something in the second phase now,” he said.

Placements coordinators have followed up with a few companies that did not turn up. “They have rescheduled dates for next year. We will try to get the other companies to reschedule as well,” said Ravi Teja, one of the coordinators.

There was a lot of crowding of interviews too that led to confusion, said students.

“Four other classmates and I had to appear for 15 interviews one after the other on the first day. I also had to appear for two group discussions. I did not get any chance to re-orient myself better for the subsequent interviews.

“As a result, I did not land a single offer until the ninth day,” said Deepak Sharma, a final year student.

He felt he could have done better if the interviews with the good companies had been spaced out over a couple of days.

But placement coordinator Avijit Chatterjee is of the opinion that the hiring round went off well.

“The companies are more competitive than the students. They all want the first slots, otherwise they will skip IIT Bombay.

“Though phase II is usually slow, we will have a different campaign and focus on the departments which need more jobs,” he said.

I appeared for two interviews. In one of them I was waitlisted. When the first person dropped out I should have got that offer. But the company changed its mind. I hope to get something in the second phase Aditya Kulkarni IIT student

Companies are more competitive than students. They all want the first slots, otherwise they will skip IIT Bombay. We will have a different campaign and focus on the departments which need jobs Avijit Chatterjee Placement coordinator, IIT

Source: Business line,
Mumbai, Dec 18:

Graphic chip and visual computing technology firm NVIDIA has named the Indian Institute of Technology (IIT) Bombay as the first Compute Unified Device Architecture (CUDA) centre of excellence in the country.

CUDA is a parallel computing platform and programming model that enables dramatic increases in computing performance. IIT Bombay has been recognised for game changing innovation and scientific discovery using graphics processing unit (GPU) accelerators.

The company said the new designation is given to institutions for ground breaking educational programmes and research using NVIDIA GPU accelerators and the NVIDIA CUDA parallel programming environment.

Researchers at the Indian Institute of Technology (IIT) Bombay have been consistently working on parallel computation. In particular, researchers at the vision, graphics, and imaging lab have been leveraging on the power of the graphics processing unit (GPU) for advanced rendering, image processing, and performance driven data structures. The goal is to broaden GPU computing, and also bring parallel programming into the education mainstream.

Recognised around the world as a leader in engineering education and research, IIT Bombay joins 21 elite institutions globally that have demonstrated a vision for advancing the use of accelerated computing, which empowers academics, engineers and scientists to drive innovation and breakthrough scientific discovery.

“Being associated with the world’s foremost academic institutions bears testimony to IIT Bombay’s continuous efforts in championing new approaches to computing with India’s academic, scientific and engineering communities,” said Professor PSV Nataraj, Systems and Control Engineering Group, IIT Bombay.

Vishal Dhupar, Managing Director of NVIDIA South Asia, said, “Our collaboration with IIT Bombay and over a dozen institutions across India will advance the country’s research across a range of scientific and engineering fields.”

IIT Bombay is to utilise equipment, grants and resources provided by NVIDIA to support research projects in a variety of fields, including climate and ocean modeling, bioinformatics, circuit simulation, computer/GPU architecture, computer graphics and vision, and molecular fluid dynamics.

Work in these areas spans several engineering and science departments at IIT Bombay, including, aerospace, bio science, chemistry, chemical, climate studies, computer science, mechanical engineering, among others.

IIT Bombay is to leverage its status to advance the state of parallel computing education in India, and to prepare the next generation of researchers for the expanding world of accelerated computing, according to the company.

Source: Times of India
MUMBAI: Commuting by Mumbai locals can be a daunting experience for not just a first-time traveller but even for a regular commuter going to a newer destination. Two first-year students of Masters in Visual Communication programme of Industrial Design Centre (IDC), IIT-Bombay, Jaikishan Patel and Snehal Patil, have come up with an easy to understand and commuter-friendly colour-coded railway map for the travellers.

The map, designed by the students, includes connecting routes that link western, central, harbour and trans-harbour train stations. It also attempts to incorporate the route map of the metro line under construction and Nerul-Uran railway link. Speaking about the special features of this railway map, Patil said, “Our map introduces a quick navigation system, which lets the user locate his stations within seconds using the box grid. We have introduced grid system in a different way. The newly designed map also includes the shuttle express way which runs from Vasai to Roha.”

The pleasant and visually appealing map is also designed to cater to the colour blind population. “According to statistics, approximately 13,956 people from different regions in India, suffer from colour-blindness. We have tested the map for the same and made changes accordingly,” added Patel.

Designing this map had its own share of bottlenecks. Developing a navigation system was a challenge in itself and the other one was to keep it small and portable, (i.e. to accommodate all the lines in a small size of A5 and ensure it was still legible). According to Professor Mandar Rane, associate professor, visual communication, IDC, who acted as a guide to these students, “If the maps are not installed on the stations and people are not using them then it’s not worth the effort. This map is useful and the students have designed it very well. The day we launched it through Facebook, it generated a great response.”

Students have also come-up with an A4 size of the map which can be folded into a 5cm x 7cm leaflet and can be easily carried in a wallet. The map is currently available in English, Hindi, Marathi and Gujarati version. The maps can be downloaded from the link http://mrane.com/railmap.php

Source: Times of India

MUMBAI: Post-midnight developments at the premier IIT-Bombay campus, early on Monday, left several students thrilled. High-profile companies not just offered seriously high pay packets, they also went in for bulk hires on campus. A similar situation played out at other IITs in the country as well on the first two days of placements.

Samsung Korea, for one, hired around 14 candidates from IIT-B-the highest so far. Google picked up around 10 students.

Samsung Korea, which made an offer of $135,000 on campus, excluding performance-based incentives, hired 14 candidates for both its US and Korea offices. Last year, it had hired only one candidate.

Google hired three students for its California office and seven for India.

Microsoft recruited nine students at the IIT-B campus placements-five for US and four for India.

As most of these companies made bulk offers, by the end of the first day, the offered totalled around 180, up from last year’s 173. Around 40 offers were made for the first slot of Day Two. The second slot on Day Two will go on till midnight of Monday.

“By the end of the first day, more than 150 unique offers were made. Of these, 75% were for international postings,” said Avijit Chatterjee, professor-in-charge of placements at the institute.

WorldQuant, an investment firm, which made an offer of Rs 38 lakh for a domestic posting, picked four students. Blackstone offered Rs 35 lakh.

In the management consultancy sector, the average gross salary is around Rs 17 lakh.

Deutsche Bank hired 10 students, and Goldman Sach went for 16 from the Powai campus. The average gross salary in the consulting sector was around Rs 12.5 lakh. Boston Consultancy, Mckinsey and Bain picked up maximum students in this sector. In the oil and gas sector, Rs 15 lakh was the average gross salary offered to students.

Oracle, so far the highest payer at the institute, has made an offer of $211,000, out of which $110,000 is the base pay and the rest includes performance-based incentives and other allowances.

Elsewhere, at IIT-Madras, a student bagged the Oracle offer with the same package. Some firms that made bulk offers include Intel Technology with six, Nomura Structured Finance Services with five, Eaton Technologies and Citicorp Services India with 10 each. All the above companies are regular visitors on campus.

At IIT-Kanpur on Sunday, students accepted around 125 offers from 20 companies. On Monday, more than 50 students accepted offers. As many as 225 companies are scheduled to interview students this year compared with 170 last year.

The highest package, so far, at Kharagpur was $125,000. A total of 11 offers have been made by companies for their foreign offices. The highest domestic offer that has been made this time is Rs 36.9 lakh per annum. Among the top companies that have visited the Kharagpur campus and made offers include Google, Goldman Sachs, Credit Suisse, D B Centre, Opera Solutions, Microsoft, IBM, Schlumberger, Shell and SAP.

Source: Times of India

Techies increasingly opt for the sector as it offers better pay, promising career growth

First it was information technology (IT), then finance and now it is big data analytics – the current favourite sector for most Indian Institute of Technology (IIT) graduates.

Given better pay packages and promising career growth prospects, IITs have seen a good number of engineers opting for a career in data analytics during placements.

Big data refers to using of math and technology to arrive at behavioural sciences and design thinking. Companies process bytes of information sought from sensors and social networks.

This information is used to seek insights into customer behaviour, marketing, risk and supply chain among other areas. Analytics, say industry players, is the next big business segment.

Companies across sectors – IT, retail, fast-moving consumer goods (FMCG) and consulting – are looking at big data to gain competitive advantage. Firms, including Tata Consultancy Services, Genpact, Nu Sigma, Barclays Bank, Morgan Stanley, Boston Consulting Group, Bank of America Merill Lynch and Goldman Sachs are recruiting engineering students to do the math for them.

“With up to five years of experience, more and more IITians are moving towards data analytics. It is the slowdown in engineering, fatigue with software and a faster growth in profile that are attributed to this changing trend,” says Atul Kumar, director and co-founder of EduPristine. EduPristine is a training provider for international certifications and finance courses in India.

“With data volumes exploding, the profile of data analytics has become central to many companies. They need more and more engineers to work for them in this segment, and given data analytics involve writing codes, number crunching and logical thinking, that comes naturally to engineers,” says Kumar.

Spending on big data by companies, say industry players, is expected to grow to around $34 bn in 2020 from $4 bn in 2011.

Little wonder then that this week Apple acquired social media search and analytics start-up Topsy and this May, software exporter Wipro invested $30 million for a minority stake in Opera Solutions, New Jersey’s big data analytics firm, early this year. Japanese conglomerate Hitachi on the other hand is betting huge on big data analytics for its growth and sees its Asia-Pacific region increasing revenue by 25 per cent or more with its usage.

And, with a data analytics profile paying salaries of over 50 per cent than any other profile, it has become attractive for students.

“In other sectors like IT and Software, joining salaries have remained more or less the same with an increase of Rs 50,000 per annum, may be. But data analytics offers at least a 40-50 per cent higher joining salaries to students. This makes it attractive for them,” said a placement official from IIT-Ropar, Punjab. IIT-Ropar has seen a lot of interest in data analytics from its students this placement season.

At IIT-Bombay, 27 companies made 94 offers in analytics; 26 consulting firms made 124 offers and 78 offers from 19 companies in finance sector, last year.

IIT-Bombay, in its placement report of 2013, said a variety of profiles were opened up in the sectors, as these companies have begun to appreciate the analytical and quantitative analysis capability of the students. “A couple of years ago, companies were not offering positions in analytics. But more and more offers are coming our way and students are lapping it up,” said a placement official at IIT-Bombay.

IIT-Delhi had placed 5 per cent of its batch size last year in analytics.

Placements on IIT campuses for 2014 are still on.

CRACKING DATA

* Big data refers to using of math and technology to arrive at behavioural sciences and design thinking process. Companies process bytes of information sought from sensors and social networks

* This information is used to seek insights into customer behaviour, marketing, risk and supply chain among other areas.

* Analytics is the next big business segment

* Spending on big data by companies is expected to grow to around $34 billion in 2020 from $4 billion in 2011

* Companies across sectors – IT, Retail, FMCG and Consulting – are looking at big data to gain competitive advantage

* Firms, including Tata Consultancy Services, Genpact, Nu Sigma, Barclays Bank, Morgan Stanley, Boston Consulting Group, Bank of America Merill Lynch and Goldman Sachs, are recruiting engineering students to do the math for them

Source: Times of India
MUMBAI: Life can come full circle in just a year. Advitiya Sharma sat uncomfortably in his dark suit as he pitched himself to top companies at IIT-Bombay last year. This week, Sharma was back on campus, in informal tees—as befits an engineer-turned-entrepreneur—picking up students from the Class of 2014.

The co-founder of Housing.com, a campus-born company, seemed at home sharing space at the IITs with global tech biggies like Google and Oracle—them with their bulge-bracket salary offers and promises of overseas postings—on the opening day of campus placements. The house-hunting portal snared 45 IIT graduates during top slots at campuses in Delhi, Mumbai, Kharagpur and Guwahati.

The mating season spreads across five months at engineering colleges; they have traditionally been fertile ground for startups in search of fresh talent and energy. This year though, a new pecking order appears to have emerged. Several recently incubated ventures have jumped to the head of the queue and are powering the opening days of campus placement.

“Never have so many startups made it to the first few slots. Not only are they paying a lot more, they are also popular among students because they have interesting profiles,” said Avijit Chatterjee, placement head at IIT-Bombay. “A lot of them are students who have graduated from here and they know exactly what they are looking for.” Companies are paying northwards of Rs 12-18 lakh (gross), and many are offering stock options, said placement team member.

Apart from Housing, IIT-B has given pride of placement to online restaurant discovery guide Zomato, online retailers Flipkart and Myntra, job site Naukri and Gulf Talent (for a posting in Dubai), classifieds website Quickr, and multi-screen gaming platform Snapstick. In the coming days, cab companies Ola and Meru, algorithmic trading firm iRagecapital, flight ticket booking site ibibo and customised software developer Skiify Solutions are in line to come.

Over the past couple of years, with the success of tech-based startups like Flipkart, Inmobi and Snapdeal, there is a sea-change in the way students at the prestigious IITs are evaluating offers from this new universe of employers. While most startups said it’s still difficult for non-funded ventures to attract talent from the IITs, the dynamics change dramatically once they’ve got money in the machine.

Bhavish Agarwal, 27, co-founder & CEO of Ola and an IIT-Bombay alumnus, said his two-year-old company will hire as many as 20 IIT students this year compared to five in 2012. “We’ll be at IIT-Bombay on Thursday and look for students who are not necessarily the best academically but have the raw talent to take risks. Ola plans to offer an annual package of Rs 10-12 lakh this year. “The profiles we look for are not typically the ones a big consulting firm would pick,” he added.

Zomato hired students from IIT-Delhi and IIT-Bombay in the first two days of placement season this year at an annual remuneration of Rs 26 lakh. Founder & CEO Deepinder Goyal said his five-year-old venture went for pre-placement talks with students this year to understand what they were looking for while evaluating offers. “We had to give competitive salaries because by Days 5 and 6 the best talent is gone. That’s how campus hiring works,” he said. Zomato raised $37 million from Sequoia Capital and existing investor Infoedge valuing the Delhi-based startup at over $150 million (Rs 900 crore).

One of the older startups Snapdeal hired 40 students from across IITs last year and its co-founder Kunal Bahl, a Wharton grad, said the e-commerce firm is looking to pick another 50 students this year. “For us the fit with the cultural and business needs are more important than the number we hire. The idea is to keep building a pipeline of future leaders who will bring new thoughts and abilities,” Bhal said.

This year at IIT-Kanpur, 18-20 startups are slotted for Week 1 and another 14 for the following week. At IIT-Madras, four startups have been slotted for the first week, with salaries in the range of Rs 8-11 lakh. By the end of Day 3, Flipkart had hired eight students. “Companies have been slotted on the basis of their salary packages and job profiles,” said V Babu, advisor, training & placement at IIT-M. “It goes to show that these startups have graduated,” said a member of the placement team at IIT-Kharagpur, which has also been playing host to a bevy of startups.

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