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Chennai: The Global Capability Centres ( GCCs ) and IT product companies are taking over IT service majors in top campuses in terms of the number of job offers this year. Students from campuses like Anna University, SSN College of Engineering, and Vellore Institute of Technology (VIT) prefer these companies due to better pay packages. GCCs' pay packages start at Rs6 lakh a year. It's not just compensation. Clarity on career path, weekly two days off, and multinational company (MNC) status were also other attractions to students, placement officers say. Colleges also witnessed an increase in more students getting above Rs20 lakh pay packages compared to the previous year. Students with better coding skills, problem-solving abilities, aptitude, and communication skills are getting placed in these companies. They are being hired for full-stack development and software development engineering. Out of 684 job offers received at Anna University till November 30, 253 are from GCCs and IT product companies, which is more than 35% of total offers. "The number of students getting above Rs20 lakh pay package increased from 70 last year to 94 this year," said K Shanmuga Sundaram, director, Centre for University Industry Collaboration, Anna University. IT services, including TCS, issued 95 offers so far at the campus. "One of the top IT service companies offered less than Rs4 lakh a year pay. Most students from Anna University campuses were not interested in showing up for the interview," he added. Companies like Cognizant have initiated the hiring process. Due to the slow down, IT service companies did not visit for hiring to most campuses last year. Of 400 companies that visited Vellore Institute of Technology this year, 300 of them are GCCs. "Of 8,000 total job offers we received this year, 50% of them were from GCCs. At the end of the placement season, it can go up to 70%," said V Samuel Rajkumar, director, Career Development Centre, VIT. Other colleges, including SSN College of Engineering, Rajalakshmi Engineering College, Chennai Institute of Technology, and SRM Easwari Engineering College, also witnessed a considerable increase in job offers from GCCs compared to previous years. These colleges accounted for 20% to 50% of total offers from GCCs and IT product companies this year. "Besides the salary, feedback from seniors was also an important reason for more students opting for GCCs. Students who work in product development in GCCs enjoy much better work-life balance and career opportunities," said Sriram Parthasarathy, Chairman of Chennai Institute of Technology. As many as 92 students received more than Rs10 lakh salary from this institute, which is 40% higher compared to the previous year. "The overall numbers will be higher for IT service companies when counting all colleges," he added. Experts also said the availability of coding platforms for practice is another reason for students getting these offers. Even the arts and science colleges in the city are witnessing more offers from GCCs this year. "We see a lot of GCCs, including the Bank of New York Mellon, Barclays, Adidas, Goldman Sachs, and Caterpillar, coming for hiring this year," said Princely Samuel S, director, training and placements, Loyola College. They recruit for finance and accounting, and business analyst job roles. Industry experts attribute this to the rapid growth of GCCs. "As GCCs are growing at a rapid clip, they are not only hiring in much higher numbers but are also paying handsome salaries to fresh graduates," said Ramkumar Ramamoorthy, Partner at Catalincs and former CMD, Cognizant India. "Given that GCCs hire for high-end architecture and design roles and next-gen digital areas such as smart manufacturing, advanced analytics and AI, product and platform development, and cyber security, they pay substantially higher salaries to attract the best candidates from across educational institutions," he added. Ramkumar Ramamoorthy also said that IT companies will come for just-in-time hiring due to large cost take-out deals and the financial services segment. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .Rookie Bucky Irving relishes opportunity to help Buccaneers any way he can against skidding Raiders
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Toronto, Canada, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Dione Protocol , a pioneering leader at the intersection of blockchain technology and renewable energy, announces the launch of DIONE SPARK , an ambitious Grants & Accelerator Program aimed at accelerating the development of eco-conscious projects in the Web3 ecosystem. This initiative reflects Dione's steadfast commitment to sustainable technology and innovative solutions in decentralized energy and blockchain applications. About Dione Protocol Dione Protocol is setting new standards for sustainable energy solutions in the blockchain space. With a mission to redefine energy production and consumption, Dione offers an ecosystem of products that harness renewable energy to support a greener future. This includes Orion, a decentralized infrastructure powered by AI that validates green energy sources; Odyssey, a renewable-energy-driven Layer 1 blockchain; and Nebra, a peer-to-peer energy marketplace, often called the "Uber for energy," enabling users to share and trade renewable resources. As part of its mission, Dione Protocol's latest program, DIONE SPARK , empowers developers and entrepreneurs to leverage blockchain and decentralized technology for environmental impact. About the DIONE SPARK Program DIONE SPARK is designed to fuel the creation of forward-thinking green projects on the Dione Protocol blockchain. With grants, mentorship, and resources, the program is structured to support projects through three distinct categories: Dione's Vision and Selection Criteria Dione Protocol prioritizes projects that align with its core mission to drive blockchain innovation for a sustainable future. In selecting participants for DIONE SPARK, the team looks for projects demonstrating: DIONE SPARK's First Cohort Dione Protocol's first cohort of projects selected for DIONE SPARK represents a groundbreaking mix of Web3 solutions designed to address pressing environmental and infrastructure needs: Dione Protocol's commitment to sustainability and technological advancement is evident in its partnerships and its overarching mission to support developers in building a cleaner future through blockchain. Parth Kedia, Head of Energy at Dione Protocol, emphasized the program's strategic importance: " Our mission at SPARK is to fuel the brightest minds building at the intersection of Web3 and clean energy. We focus on two critical success pathways: enabling decentralized product innovation for the power and utilities sector, and fostering volume-generating technologies such as AI, DePIN, DeFi, Web3 gaming, and others that will shape our meta-first, clean energy future. Each project selected will join our global community of millions of DIONISTS, tap into our strong KOL network, and ultimately contribute to the value and revenue of our open ecosystem. " DIONE SPARK aims to ignite a new era in sustainable blockchain technology by bridging the gap between cutting-edge Web3 development and eco-friendly solutions. By empowering developers to build applications that prioritize sustainability, Dione Protocol is not only advancing blockchain innovation but also making significant strides towards a more sustainable global infrastructure. For more information on DIONE SPARK and application details, please visit Dione Protocol's official website or DIONE SPARK website. About Dione Protocol: Dione Protocol merges blockchain with renewable energy solutions, pushing the boundaries of sustainable technology through products like Orion, Odyssey, and Nebra. With a clear focus on green innovation, Dione Protocol envisions a decentralized, eco-friendly future where energy and blockchain technology harmonize to address global environmental challenges. CONTACT: Brandon K Vice President Dione Protocol pr(at)dioneprootocol.com
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GameStop's GME.N shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors. Gill posted a picture of a Time magazine cover with a computer screen on social media platform X. Following his post, GameStop's shares spiked, being last up 13% in late afternoon trading. Known as "Roaring Kitty" on YouTube and "DeepF***ingValue" on Reddit's RDDT.N popular WallStreetBets, Gill was a key figure in the so-called "Reddit rally", in which GameStop stock surged 1,600% at one point in Jan. 2021, crushing hedge funds that had bet against the videogame retailer. On Thursday, about 300,000 GameStop options contracts had changed hands by 2:14 p.m. (1914 GMT), at about 1.5 times the usual pace, according to data from options analytics firm Trade Alert. Meme stocks: Dogecoin soars on Trump's presidency win. Here's why that's not just a fad. Invest wisely: Best online brokers The stock's 30-day implied volatility — how much traders expect the shares to move around over the short term — jumped to a 3-week high of 132%, up from 93% in the previous session, data showed. Contracts betting on the shares finishing above $30 by Friday were the most actively traded options, with some 32,000 of them traded by late afternoon. Gill resurfaced on social media earlier in 2024, after a three-year hiatus leading to a deluge of excited messages from his followers, many of whom have likened the social media phenomenon to a David who took on Wall Street's Goliaths and won. The meme stock rally in 2021 was set off by Gill's posts on WallStreetBets subreddit about the gains he had made on his investments in the highly shorted firm. The rally spread to other highly shorted stocks including AMC AMC.N as Reddit users banded together to squeeze bearish hedge funds, costing them billions in losses and drawing scrutiny from U.S. regulators. The entire episode inspired Craig Gillespie's 2023 movie "Dumb Money". Reporting by Manya Saini in Bengaluru and Saqib Iqbal Ahmed in New York; Editing by Alan BaronaCarolyn Bogott: The giving nature that guides Mari Jo Stanek