2 IITB alumni pledge 100cr for hostel redevpt on campus
Mumbai: In its largest-ever donation received for the betterment of "students' living experiences" on the campus, two of IIT Bombay's alumni have committed to contribute Rs 100 crore for the purpose. The donation will be used for the enhancement of campus infrastructure, mainly the students' residential facilities.
The contribution came from IITB alumni Nakul Aggarwal and Ritesh Arora, co-founders of BrowserStack, a cloud-based web and mobile testing platform, who were from the computer science and engineering batch of 2006. It will be directed towards two major initiatives—the reconstruction of Hostel 6, where both of them stayed as students, and Project Evergreen, a comprehensive initiative to modernise hostels 7, 8 and 21. A portion of the contribution will be given to the institute as part of
BrowserStack
's corporate social responsibility initiative.
You Can Also Check:
Mumbai AQI
|
Weather in Mumbai
|
Bank Holidays in Mumbai
|
Public Holidays in Mumbai
The institute in a statement issued on Tuesday stated the contribution will significantly strengthen their efforts to create comfortable and modern facilities for students. Institute director Shireesh Kedare said, "This generous gesture by the two alumni exemplifies the spirit of giving back that our alumni community upholds. Their support will greatly enhance the living and learning environment for our students."
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
[Click Here] - 2025 Top Trending Search - Local network access
Esseps
Learn More
Undo
Prof Ravindra Gudi, dean, alumni and corporate relations, said a significant portion of the donation will go towards renovating Hostel 6. "Most of the new hostels will accommodate around 1,100 students. The design of the hostel will be conceptualised in a distinctive way and have all modern amenities. Alumni spend a substantial amount of time in hostels as students, which has a significant bearing on their lives and shaping their personalities and in networking," said Gudi.
"IIT Bombay shaped our vision and gave us the foundation to build BrowserStack into a global tech leader. Through this contribution, we are not just rebuilding hostels—we're investing in environments where the next generation of tech leaders can collaborate, ideate, and push boundaries," said Ritesh Arora, CEO of BrowserStack. Nakul Aggarwal, CTO of BrowserStack, said, "...my journey from Hostel 6 to building a global tech company showed me how powerful the right environment is for nurturing innovation. This contribution is personal for us—we are simply giving back to the institution..."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
36 minutes ago
- Time of India
Trump's big bill also seeks to undo the big bills of Biden and Obama
Chiseling away at President Barack Obama's Affordable Care Act. Rolling back the green energy tax breaks from President Joe Biden's Inflation Reduction Act. At its core, the Republican "big, beautiful bill" is more than just an extension of tax breaks approved during President Donald Trump 's first term at the White House . The package is an attempt by Republicans to undo, little by little, the signature domestic achievements of the past two Democratic presidents. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Earn more with tax savings ICICI Pru Life Insurance Plan Learn More Undo "We're going to do what we said we were going to do," Speaker Mike Johnson said after House passage last month. While the aim of the sprawling 1,000-page plus bill is to preserve an estimated $4.5 trillion in tax cuts that would otherwise expire at year's end if Congress fails to act - and add some new ones, including no taxes on tips - the spending cuts pointed at the Democratic-led programs are causing the most political turmoil. Live Events The nonpartisan Congressional Budget Office said this week that 10.9 million fewer people would have health insurance under the GOP bill, including 1.4 million immigrants in the U.S. without legal status who are in state-funded programs. At the same time, lawmakers are being hounded by businesses in states across the nation who rely on the green energy tax breaks for their projects. As the package moves from the House to the Senate , the simmering unrest over curbing the Obama and Biden policies shows just how politically difficult it can be to slash government programs once they become part of civic life. "When he asked me, what do you think the prospects are for passage in the Senate? I said, good - if we don't cut Medicaid ," said Sen. Josh Hawley, R-Mo., recounting his conversation last week with Trump. "And he said, I'm 100% supportive of that." Health care worries Not a single Republican in Congress voted for the Affordable Care Act, known as Obamacare , in 2010, or Biden's inflation act in 2022. Both were approved using the same budget reconciliation process now being employed by Republicans to steamroll Trump's bill past the opposition. Even still, sizable coalitions of GOP lawmakers are forming to protect aspects of both of those programs as they ripple into the lives of millions of Americans. Hawley, Sen. Lisa Murkowski of Alaska and others are wary of changes to Medicaid and other provisions in the bill that would result in fewer people being able to access health care programs. At the same time, crossover groupings of House and Senate Republicans have launched an aggressive campaign to preserve, at least for some time, the green energy tax breaks that business interests in their states are relying on to develop solar, wind and other types of energy production. Murkowski said one area she's "worried about" is the House bill's provision that any project not under construction within 60 days of the bill becoming law may no longer be eligible for those credits. "These are some of the things we're working on," she said. The concerns are running in sometimes opposite directions and complicating the work of GOP leaders who have almost no votes to spare in the House and Senate as they try to hoist the package over Democratic opposition and onto the president's desk by the Fourth of July. While some Republicans are working to preserve the programs from cuts, the budget hawks want steeper reductions to stem the nation's debt load. The CBO said the package would add $2.4 trillion to deficits over the decade. After a robust private meeting with Trump at the White House this week, Republican senators said they were working to keep the bill on track as they amend it for their own priorities. Senate Majority Leader John Thune said the president "made the pitch and the argument for why we need to get the bill done." The disconnect is reminiscent of Trump's first term, when Republicans promised to repeal and replace Obamacare, only to see their effort collapse in dramatic fashion when the late Sen. John McCain, R-Ariz, voted thumbs down for the bill on the House floor. Battle over Medicaid In the 15 years since Obamacare became law, access to health care has grown substantially. Some 80 million people are now enrolled in Medicaid, and the Kaiser Family Foundation reports 41 states have opted to expand their coverage. The Affordable Care Act expanded Medicaid to all adults with incomes up to about $21,500 for an individual, or almost $29,000 for a two-person household. While Republicans no longer campaign on ending Obamacare, advocates warn that the changes proposed in the big bill will trim back at access to health care. The bill proposes new 80 hours of monthly work or community service requirements for able-bodied Medicaid recipients, age 18 to 64, with some exceptions. It also imposes twice-a-year eligibility verification checks and other changes. Republicans argue that they want to right-size Medicaid to root out waste, fraud and abuse and ensure it's there for those who need it most, often citing women and children. "Medicaid was built to be a temporary safety net for people who genuinely need it - young, pregnant women, single mothers, the disabled, the elderly," Johnson told The Associated Press. "But when when they expanded under Obamacare, it not only thwarted the purpose of the program, it started draining resources." Initially, the House bill proposed starting the work requirements in January 2029, as Trump's term in the White House would be coming to a close. But conservatives from the House Freedom Caucus negotiated for a quicker start date, in December 2026, to start the spending reductions sooner. Senate Democratic Leader Chuck Schumer has said the changes are an Obamacare rollback by another name. "It decimates our health care system, decimates our clean energy system," Schumer of New York said in an interview with the AP. The green energy tax breaks involve not only those used by buyers of electric vehicles, like Elon Musk's Tesla line, but also the production and investment tax credits for developers of renewables and other energy sources. The House bill had initially proposed a phaseout of those credits over the next several years. But again the conservative Freedom Caucus engineered the faster wind-down - within 60 days of the bill's passage. "Not a single Republican voted for the Green New Scam subsidies," wrote Sen. Mike Lee, R-Utah, on social media. "Not a single Republican should vote to keep them." "REPEAL THE GREEN NEW SCAM!" reposted Rep. Chip Roy, R-Texas, a Freedom Caucus leader.
Time of India
37 minutes ago
- Time of India
ICICI relationship manager held for Rs 4.58 cr scam; used customers' money to trade derivatives
A 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, was arrested for allegedly stealing Rs 4.58 crore from unsuspecting customers, including senior citizens between 2020 and 2023. She used the funds for speculative stock market trading in future and options (F&O), manipulating bank systems and customer information to conceal her actions. Read below to know more about this. Show more Show less
Time of India
38 minutes ago
- Time of India
Extreme poverty in India down to 5.3 pc in 2022-23: World Bank
India's extreme poverty rate declined sharply to 5.3 per cent over a decade from 27.1 per cent in 2011-12 even as the World Bank revised upwards its threshold poverty line to USD 3 per day. Given India's inflation rate between 2017 and 2021, a revised extreme poverty line of USD 3 would constitute a 15 per cent higher threshold than USD 2.15 expressed in 2021 prices and result in a 5.3 per cent poverty rate in 2022-23, the World Bank said in a report. In India, the report said, 54,695,832 people lived on less than USD 3 per day in 2024. Thus, the poverty rate at USD 3 per day (2021 PPP -- percentage population) is 5.44 per cent in 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Este es el aliado número 1 de los hombres con disfunción. Salud Masculina Undo The extreme poverty rate decreased from 16.2 to 2.3 per cent between 2011-12 and 2022-23, while the poverty rate at the lower middle income country (LMIC) line declined by 33.7 percentage points, it said. Free and subsidised food transfers supported poverty reduction, and the rural-urban poverty gap narrowed. The five most populous states account for 54 per cent of the extremely poor, it said. Live Events With regard to economy, the report said, real GDP of India was around 5 per cent below the pre-pandemic trend level as of FY25. Growth should gradually converge back to potential over 2027-28 assuming the current global uncertainties are resolved in an orderly fashion, it said. "The outlook, however, is subject to significant downside risks, as policy shifts may continue to unfold globally. Elevated trade tensions would dampen demand for India's exports and further delay the recovery in investment," it said. The current account deficit is expected to average around 1.2 per cent of GDP over FY26-28 and remain adequately financed by capital inflows, it said, adding that foreign exchange reserves are projected to remain stable around 16 per cent of GDP. India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23, the World Bank said. "Over the past decade, India has significantly reduced poverty. Extreme poverty (living on less than USD 2.15 per day) fell from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, lifting 171 million people above this line, the World Bank had said in its 'Poverty & Equity Brief' on India in April. The rural extreme poverty dropped from 18.4 per cent to 2.8 per cent, and urban from 10.7 per cent to 1.1 per cent, narrowing the rural-urban gap from 7.7 to 1.7 percentage points a 16 per cent annual decline, it had said.
