logo
Mukesh Ambani gifts Rs 151 crore to ICT as 'Guru Dakshina' to mentor Prof M M Sharma

Mukesh Ambani gifts Rs 151 crore to ICT as 'Guru Dakshina' to mentor Prof M M Sharma

Time of India19 hours ago

Mukesh Ambani
, the chairman of
Reliance Industries
, gifted Rs 151 crore to the
Institute of Chemical Technology
(ICT) on Friday. The donation, the largest in the institute's history, was announced during the launch of 'The Divine Scientist', a biography of
Professor Man Mohan Sharma
.
Ambani gives tribute to a mentor
Speaking at the event, Ambani referred to the donation as an act of
Guru Dakshina
, in line with Prof Sharma's guidance. 'When he tells us something, we just listen...He told me, 'Mukesh, you have to do something big for ICT', and I am pleased to announce that for Prof Sharma,' Ambani said.
The book, authored by Anita Patil, highlights Sharma's contributions to the growth of chemical engineering in India. Ambani called the biography a significant effort, saying, 'It is a Herculean task to chronicle the life of a legend like Sharma.'
Personal connection to ICT
Ambani recalled choosing the University Department of Chemical Technology (UDCT), now ICT, over IIT Bombay, describing the decision as one of conviction. 'I realised he is an alchemist, not of metals, but minds: he has the power to transform curiosity into knowledge, knowledge into commercial value, and both knowledge and commercial value into everlasting wisdom,' he said, after attending Sharma's first lecture.
He described his mentor as a national figure. 'He is a Rashtra Guru — a Guru of Bharat,' Ambani said.
Live Events
Praise from academic community
Prof J B Joshi, former head of ICT, also spoke at the event and described Sharma as 'our Yugpurush'. He said Sharma had lived by one core principle: 'Be a good teacher, do research at the frontier of knowledge, and use that for industry and society.'
Prof G D Yadav, another former ICT head, stated that around 1,300 PhD scholars were academically linked to Sharma. 'He is omniscient, omnipresent, omnipotent,' Yadav said, calling him 'Bhramarishi'.
The ₹151 crore donation marks a milestone for ICT and highlights Prof Sharma's role in shaping India's scientific and industrial talent.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rs 1.2 Lakh Monthly Salary, Still Can't Buy a Home In India? Viral Post Sparks Debate
Rs 1.2 Lakh Monthly Salary, Still Can't Buy a Home In India? Viral Post Sparks Debate

News18

time44 minutes ago

  • News18

Rs 1.2 Lakh Monthly Salary, Still Can't Buy a Home In India? Viral Post Sparks Debate

Akhilesh concluded the post with a powerful remark: 'The market is not broken. It's working exactly as designed—for someone else.' A recent post on social media platform X has reignited concerns over India's growing real estate affordability crisis. A techie named Akhilesh shared a striking anecdote about his friend in Gurugram who earns a hefty Rs 20 lakh per year, yet still finds himself priced out of the housing market. According to the post, Akhilesh's friend takes home around Rs 1.2 lakh per month after taxes and deductions. He lives modestly—no car, no kids, no extravagant lifestyle. Despite this, every residential project he visits in Gurugram starts at a staggering Rs 2.5 crore. These homes boast features like infinity pools, zen gardens, biometric lifts, and imported marble floors, making it clear that developers are targeting luxury buyers, not average professionals. The viral post struck a chord with many, especially young urban professionals. The core argument is simple: even those in the top 5% of India's income bracket can't comfortably buy a home in metro cities without compromising their financial security. Owning a house would mean living paycheck to paycheck, with no room for emergencies or even basic leisure. Akhilesh concluded the post with a powerful remark: 'The market is not broken. It's working exactly as designed—for someone else." The post captures a larger trend—how rapid urbanisation, speculative investments, and a push for ultra-luxury housing are making homeownership increasingly elusive, even for India's high earners. Anarock's Report Reveals Ultra-Luxury House In Demand Anarock's Annual Residential Report 2024 reveals that 59% of new housing projects in Delhi NCR, 18% in Hyderabad, and 12% in MMR were priced above Rs 2.5 crore, showing a rise in demand for premium homes among wealthy buyers and NRIs. NRIs, in particular, are playing a key role in this expansion, actively acquiring premium properties in major Indian metros as part of long-term wealth preservation strategies, noted a recent report by GRI Club. While the majority of new supply is focused on ultra-luxury homes, there is a noticeable shortage of homes in the upper mid-income and premium segments. Since the RERA law came into effect in 2017, there has been a significant increase in trust for developers who follow rules and deliver on time. This has led to a growing preference from NRIs for projects by such developers. About the Author Business Desk Location : New Delhi, India, India First Published: June 08, 2025, 08:20 IST News business Rs 1.2 Lakh Monthly Salary, Still Can't Buy a Home In India? Viral Post Sparks Debate

Nintendo Switch 2 Is Now Available But How Much Will It Cost In India?
Nintendo Switch 2 Is Now Available But How Much Will It Cost In India?

News18

timean hour ago

  • News18

Nintendo Switch 2 Is Now Available But How Much Will It Cost In India?

Last Updated: Nintendo Switch 2 has not launched in India but that does not mean you cannot buy it today, however you pay a big price for the console. Nintendo Switch 2 consoles are available on shelves in select countries and people are eager to pick up their pre-booked units. But what about those in India, Nintendo has once again skipped launching the Switch model officially in the country, which means people will have to resort to other grey areas to grab theirs. We've seen this play out with the Sony PlayStation consoles over the years and the Switch 2 follows the same black market model that costs you a premium. Details are very limited about the Nintendo Switch 2 price in India but reliable sources given in this report suggest you would be paying anywhere between Rs 58,000 to Rs 65,000 to get the Switch 2 in the country. The high prices have been attributed to limited stocks in the regions from where the retailers will be getting the units. So if you want the Switch 2 in the first month of its launch, you have to pay a higher markup on the original price. However if you wait for a few months, the pricing will stabilise and make sense for people buying it. The details about the Switch 2 console price in India have been sourced by O451 Games newsletter which has a solid track record of sharing details about gaming consoles and their availability in the country. Nintendo has officially priced the Switch 2 console at $449.99 which puts it around Rs 38,200 but the reported price for the Switch 2 in takes it well above the Rs 100 value that most global brands use for their product pricing in the country. The console gets a 7.9-inch 1080p LCD display with a 120Hz refresh rate. When docked, it supports 4K resolution, elevating the gaming experience. Additionally, the redesigned magnetic Joy-Cons serve a dual purpose, functioning as both traditional controllers and a mouse. The Switch 2 will have 256GB of built-in storage that can be expanded via microSD Express cards. The system will be backwards compatible with both digital and physical Nintendo Switch titles, as was previously revealed. First Published: June 06, 2025, 10:38 IST

Milk of mom's hard work: Girl hits new heights
Milk of mom's hard work: Girl hits new heights

New Indian Express

timean hour ago

  • New Indian Express

Milk of mom's hard work: Girl hits new heights

CHENNAI: In a modest home in Attur, Salem, nestled under a rusted corrugated sheet roof, Santhi's day begins before the daybreak, at 4 am. The 55-year-old walks to the shed, pats her two milch cows gently, and the day has been just the same for the past 33 years. 'My only dream was to see my daughter study and make it big in life.' That dream has now taken her daughter, R Rajapriya, across the world to Brazil and soon to Finland. At 35, Rajapriya is now a post-doctoral researcher in cement chemistry, supported by the National Council for Scientific and Technological Development (CNPq) in Brazil. Another leap came when she was recently awarded the prestigious Marie Skłodowska-Curie Actions (MSCA) Fellowship 2024 with a perfect evaluation score of 100%. The fellowship, valued at Rs 2.8 crore, will see her researching sustainable construction technologies at the University of Oulu in Finland, with a six-month stint at C2CA Technology in Netherlands. Rajapriya was just a toddler when her father, a farmer, died of jaundice. Left with no income and a child to raise, Santhi started selling milk to local cooperative societies. She recalled, 'We had four cows then, now only two remain.' With meagre earnings from selling, private schooling was out of reach. Hence, Santhi enrolled Rajapriya at Attur Government Girls' Higher Secondary School. Her brilliance soon spoke for her. By Class 8, a private school offered her free admission, impressed by her exam scores. After scoring 1,096 out of 1,200 in Class 12, she chose civil engineering on the advice of a relative's friend during the Anna University counselling session. Rajapriya said, 'Back then, we had no idea about higher studies. Based on his suggestion, I chose engineering at a college in Chennai.' To cover her college and hostel expenses, the family had to take out an educational loan. After completing her BE, she took up teaching briefly before pursuing her ME in Construction Engineering and Management. Upon completing ME, she resumed teaching, this time at a private engineering college in Chennai, where she worked for two years.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store