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AI, algo trading cos set to steal the show at IIT placements

Mint Mumbai

|

November 29, 2024

The Indian Institutes of Technology (IIT) are set to witness a scramble for talent beginning Sunday, as some of the world's top artificial intelligence and algo trading firms arrive to snap up their best and brightest.

- Devina Sengupta & Pratishtha Bagai

AI, algo trading cos set to steal the show at IIT placements

The Indian Institutes of Technology (IIT) are set to witness a scramble for talent beginning Sunday, as some of the world's top artificial intelligence and algo trading firms arrive to snap up their best and brightest. Some of the top offers this year are close to a couple of crores, placement cell executives said, as the older IITs get ready to kick off their annual placement season.

Japan's Sony Corp. has more than 10 roles on offer, including that of an AI engineer, with salaries up to 95,33,840 yen (₹53 lakh). Honda Motor Corp.'s R&D unit will hire an AI research engineer at 88,72,000 yen (₹49 lakh). IT and consulting firm Accenture and credit card giant American Express are offering around ₹21 lakh for AI specialists.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

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TCS, Wipro US patent suits worsen IT's woes

Two of the country’s largest information technology (IT) services companies—Tata Consultancy Services Ltd and Wipro Ltd—faced fresh patent violations in the last 45 days, signalling challenges to their expansion of service offerings.

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AI bond flood adds to market pressure

Wall Street is straining to absorb a flood of new bonds from tech companies funding their artificial intelligence investments, adding to the recent pressure in markets.

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Auto parts firms spot hybrid gold

Auto component makers are licking their lips at the ascent of hybrids, spying a new growth engine at a time when electric vehicle (EV) sales have not measured up.

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Diwali is past, but shopping season is roaring ahead

India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.

time to read

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HOW TO SPOT A WINNING STARTUP IPO

As a flood of new listings burns small investors, we investigate the overlooked metrics

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WHY INDIA HAS FAILED TO CURB AIR POLLUTION

Despite massive funding, India has failed to make meaningful progress in combating air pollution. Beijing's dramatic turnaround over the past decade offers crucial lessons.

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Micro biz has a harder time securing loan to start up

Bank lending to first-time micro-entrepreneurs has plummeted, signalling tighter credit conditions for small businesses already struggling with cash flow pressures and trade turmoil. In the first six months of the fiscal year, a key central scheme to support such lending managed to sanction just about 12% of what was sanctioned in the entire previous fiscal year, official data showed.

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Inverted duty fix is next on GST agenda

GST Council to expand work on fixing anomaly at next meet

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Why was a fresh approach to QCOs needed?

The government is now withdrawing the quality control orders (QCOs) issued earlier across sectors. Mint examines the original intent, the reasons for the policy reversal, and the expected national benefits from this move.

time to read

2 mins

November 25, 2025

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Climate: Hope lives

Climate change could be described as a \"tragedy of the commons.\" That is, one where a shared resource, such as the planet's atmosphere, gets degraded because everyone has an incentive to put immediate self-interest above what's good for all.

time to read

1 min

November 25, 2025

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