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  • IT shining again as new cos log in


    IT shining again as new cos log in!

    Oct. 5: Hyderabad continues to receive fresh investments in the Information Technology (IT) sector even as the uncertainty over the state’s bifurcation continues.

    HCL Technologies’ application for expanding its Hyderabad campus has been cleared. The company has taken 99,000 sq. ft. of office space and promises to provide employment for 886 people in stages.

    On Tuesday, the unit approval committee cleared applications of seven companies that have promised to provide 2,000 jobs in total.

    American Info Serve has taken office space in both the Lanco and Navayuga IT SEZs. Verizon Games Limited will set up its office in the Lanco SEZ. Pro Karma, Compugain, and Mind Tree
    are also opening offices in Hyderabad. Kony Labs has taken 19,500 sq. ft. of office space and will provide 170 jobs.

    Several IT companies are shifting from Bengaluru because of the rising costs there. Others have offices in Bengaluru but are expanding to Hyderabad.

    “We have given 77 letters of permission in the last six months. Of the total 109 SEZs sanctioned, Andhra Pradesh has got 57 IT SEZs, 43 of which are already notified,” said a senior official in the IT department.

    Source: DC

  • Stipend for engineering, science students hiked by 33percent

    New Delhi: In a move that comes as good news for research scholars across the country, the Human Resource Development (HRD) Ministry has decided to hike the monthly stipend of students in the Indian Institutes of Technology (IITs) and other central science and engineering schools by 33 percent.

    The decision that was communicated by the ministry to all institutions will ensure that pursuing postgraduate studies and research in sciences and engineering will become more lucrative for students.

    Not only students from the IITs, but also from the Indian Institute of Science (IISc), Bangalore, the Indian Institutes of Science Education and Research (IISERs), the National Institutes of Technology (NITs) and the Indian Institutes of Information Technology (IIITs) will be benefited by the massive hike.

    According to the letter sent to the HRD ministry to the Directors of the institutions, the revision in the stipend rate will also be applicable to other government and government aided institutions that are funded by the All India Council for Technical Education (AICTE) as well as the University Grants Commission (UGC).

    Students who graduated from undergraduate B.Tech programmes at the IITs with a cumulative grade point average of above 8 and those who clear the Graduate Aptitude Test in Engineering (GATE) had earlier received Rs.12,000 per month during their PG research..

    This stipend had now been increased to Rs.16,000. Also, PG degree holders in basic sciences and students who have qualified in the National Eligibility Test (NET) will now be given Rs.18,000 a month till their fifth year of Ph.D. research.

    Students who already have hold PG degrees in engineering will also receive Rs.18,000 a month for the first two years of research and Rs.20,000 a month for the next two years.

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