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Most global markets, too, were down as investors digested the likelihood of more Federal Reserve interest-rate increases stretching into next year
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IIT PhDs in demand for high-end R&D jobs
New Delhi | Bengaluru: PhD students at the Indian Institutes of Technology (IITs) are increasingly getting corporate job offers for high-end research and development (R&D), a shift from recruitment largely for teaching roles in the past. It is the result of the institutes boosting in-house R&D to develop innovative and competitive products, said professors at the IITs including Kharagpur, Kanpur, Guwahati, Roorkee and BHU.Companies such as Denso, Japan Meteorological Corporation, Caterpillar, Aditya Birla Science & Technology, Tata Steel, AMD, Google, Microsoft, Philips, Samsung, CDAC, Siemens, L&T and Qualcomm have recently hired PhD students from the IITs, according to the institutes.For the first time, two PhD students at IIT Kharagpur have received overseas job offers, both from Japan. In addition, a PhD student received an offer of a ₹1 crore-plus annual package. 127951042 "This year, hiring of PhD students in corporate R&Ds is a new trend. This is an effo...
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