logo
New VFS programme opens doors for Indian tech graduates to pursue Masters in Austria

New VFS programme opens doors for Indian tech graduates to pursue Masters in Austria

Time of India04-07-2025
Academy
Empower your mind, elevate your skills
Indian graduates in engineering and technology will now have a new route to pursue higher education in Austria , following a new agreement between VFS Education Services and three public Technical Universities (TU) in Austria The partnership aims to ease the pathway for Indian students from recognised colleges to study in Austria under a two-year master's degree programme. The course will combine academic learning with hands-on industry experience."We are delighted to be working with the Austrian Universities of Technology to open up higher education opportunities for Indian students.This initiative not only provides students with world-class and affordable learning opportunities, but also reflects our overarching mission to create better futures and strengthen international cooperation in education," VFS Global Group founder and CEO Zubin Karkaria said.The universities will support students through on-campus placements and career events involving industry experts. Upon completion of the degree, students will also be eligible for a one-year post-study visa extension, helping them gain international work experience.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India's IPO power shift: Domestic funds take charge as FPIs retreat
India's IPO power shift: Domestic funds take charge as FPIs retreat

Mint

time21 minutes ago

  • Mint

India's IPO power shift: Domestic funds take charge as FPIs retreat

MUMBAI : India's booming market for initial public offerings is undergoing a decisive shift, with domestic institutional investors such as mutual funds, insurance companies, and banks establishing dominance over foreign players in underwriting new share sales. Data from the past 24 months show DIIs are now responsible for at least 50% of the subscriptions in an IPO's anchor book—allocations made to select large investors at a fixed price before an offering opens, helping gauge demand and stabilize the deal. That marks a sharp break from the days when foreign portfolio investors were the primary anchors in Indian IPOs. While global uncertainties have spooked FPIs, India's deepening capital markets have enabled midsize and large IPOs sail through with strong institutional and retail participation, making new share offerings less susceptible to wider macroeconomic shifts. FPIs have turned net sellers in India, offloading shares worth $31 billion ( ₹2.7 trillion) from October to July, while DIIs purchased shares worth ₹6.65 trillion. When it comes to IPOs larger than ₹1,500 crore, the participation of FIIs and DIIs remains broadly even. 'There is a balanced mix between DIIs and FIIs as we see it in most large IPOs. However, there is one clear trend where domestic investors, backed by the record inflows into mutual funds, are increasingly positive on the domestic stories," said Arvind Vashistha, India head of equity capital markets at Citi. 'In many instances, DIIs lead the price-setting in IPOs, and given the depth of the local market, it is giving a lot of comfort to issuers that at the right price and size, IPOs are doable." Reversing the order A Mint analysis of anchor investor allocations since 2019 reveals how domestic institutions investors gradually overtook foreign portfolio investors in IPO anchor books. In 2019, while FPIs contributed ₹2,624 crore, DIIs put in ₹1,475 crore. Two years later, FPI allocations surged to ₹29,030 crore, but domestic institutions narrowed the gap significantly with ₹16,433 crore. The reversal came in 2022, when FPI anchor investments dropped to ₹7,105 crore and DIIs stepped up with ₹10,903 crore. In 2024, the divergence became more pronounced—FPIs subscribed ₹26,122 crore, while DIIs outpaced them with ₹29,254 crore in anchor allotments. So far this year, through 7 August, the pattern has held. Of the ₹61,499 crore raised through 37 IPOs, FPIs accounted for ₹8,913 crore in anchor investments and DIIs for ₹10,306 crore. Mutual funds alone accounted for ₹7,920 crore. The growing dominance of mutual funds The broader reversal in IPO allocations mirrors the secondary market, where DIIs—dominated by mutual funds—are closing in on FPIs' share. In the secondary market, investors buy shares from existing holders, and the money goes to the seller, not the company. This reversal in favour of domestic institutions is likely to persist, with mutual funds—which currently account for 10.5-11% of the secondary market versus FPIs' 17%—expected to overtake foreign investors in the coming years, said Pranav Haldea, managing director of Prime Database Group. 'Mutual funds now play a key role in IPO pricing, leveraging their size. Participation in the anchor book allows them to deploy large, regular inflows into fresh paper at pre-decided prices rather than only chasing limited supply in already listed stocks," he said. Prakash Bulusu, joint chief executive, private wealth and securities, IIFL Capital Services Ltd, added that the growing dominance of DIIs in IPO anchor books represented a structural shift rather than a cyclical blip. 'Over the past two years, strong domestic liquidity—driven by record mutual fund inflows, expanding insurance penetration, and deepening participation of pension funds—has significantly reduced the market's dependence on foreign capital," he said. 'Regulatory initiatives, stable macro fundamentals, and the consistent outperformance of Indian equities have further bolstered domestic conviction in primary issuances." Global investors, on the other hand, have turned more selective due to shifting global risk appetites, higher interest rates in developed markets, and an abundance of opportunities at home," Bulusu added. 'While we may see tactical spurts in FPI participation during phases of global liquidity easing, the underlying trend is unlikely to reverse meaningfully in the medium term. India's IPO market is now anchored—quite literally—by domestic pools of patient capital, which is a positive for long-term market stability and resilience."

Russia lost an oil client, which is India: What Trump said before meeting Putin
Russia lost an oil client, which is India: What Trump said before meeting Putin

Hindustan Times

timean hour ago

  • Hindustan Times

Russia lost an oil client, which is India: What Trump said before meeting Putin

US President Donald Trump and Russian President Vladimir Putin met in Alaska on Saturday and held talks the Republican described as "productive". While he said the two leaders were yet to reach a deal in terms of the Ukraine crisis, "great progress" was made. US President Donald Trump and Russian President Vladimir Putin hold a press conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson in Anchorage, Alaska.(REUTERS) As Trump departed for Alaska to meet his Russian counterpart earlier today, he spoke about his expectations from the meeting. In a conversation with Fox News, Trump was asked if there was an economic side to Putin coming to the table for talks, to which the US President mentioned India, saying Russia "lost a major client for their oil". "Well, they lost an oil client so to speak, which is India, which was doing about 40% of the oil, China as you know is doing a If I did secondary sanctions now, that would be devastating from their standpoint," Trump said during the interview on the plane from Washington. Trump's remarks come days after he threatened a 50% tariff on Indian imports citing New Delhi's trade of oil and military equipment with Moscow. Half of these tariffs have come into effect, and the other half are set to come into force on August 27.

Modi's visionary plan to open up space sector a true game changer : ISpA
Modi's visionary plan to open up space sector a true game changer : ISpA

United News of India

time2 hours ago

  • United News of India

Modi's visionary plan to open up space sector a true game changer : ISpA

Chennai, Aug 15 (UNI) The Indian Space Association (ISpA) today hailed Prime Minister Narendra Modi mentioning the growth in India's space sector in his Independence Day address and said his visionary plan to open up India's space sector has been a true gamechanger. Backed by progressive reforms such as the Space Policy, liberal FDI push and strong government support, the industry has grown multi-fold in just five years, ISpA Director General Lt Gen AK Bhatt (retd) said. "The surge in space startups and their achievements reflects an unprecedented wave of innovation and ambition among our youth", he said. "With this momentum, we are confident of achieving the goal of USD 44 billion space economy by 2033 and cementing India's position among the world's leading spacefaring nations. This is not just growth, it's a national movement inspiring every Indian to aim higher and reach for the stars', he added. UNI GV 1340

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store