St. Aloysius (Deemed to be University), AIMIT centre signs MoU with IBM
Mangaluru: A Memorandum of Understanding (MoU) was formally signed on Wednesday between St. Aloysius (Deemed to be University), AIMIT Centre, and IBM, establishing a strategic partnership to enhance education and training in the fields of Information Technology and Management.
The MoU signing ceremony was attended by Kiran Coth, Director of the AIMIT Centre; Jagdisha Bhat, Country Manager – Software Services, IBM; Madhusudhana, Regional Manager, IBM; Jithesh, Regional Manager, Techpath; and the Deans of AIMIT, Rajani Suresh and Hemalatha N.
This collaboration aims to position AIMIT as a leading institution in IT education, recognised by both academic and industry circles as a preferred destination for skill development in emerging technologies. It offers students and faculty access to cutting-edge IBM software, industry-relevant training, and opportunities to design innovative curricula. The partnership also includes exposure to practitioners from IBM and its business partners, along with access to professional and globally recognised certifications on IBM platforms.
Acknowledging the growing demand for IBM software skills in IT and management education, both IBM and AIMIT have committed to a joint effort that will benefit students pursuing careers in the industry. The initiative is expected to produce a skilled pool of graduates equipped to meet evolving industry requirements.
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Rupee declines 27 paise to 90.95 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 27 paise to 90.95 against the US dollar in early trade on Friday, weighed down by a strong American currency and higher crude oil prices due to the escalated geopolitical tension.
A selling rush in domestic equities further pressured the Indian currency, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.94 and slipped further to trade at 90.95 against the greenback in early deals, losing 27 paise from its previous closing level.
The rupee rose 4 paise to settle at 90.68 against the US dollar on Wednesday. The currency exchange markets were closed on Thursday on account of Chatrapati Shivaji Maharaj Jayanti.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 97.89.
Brent crude, the global oil benchmark, was trading 0.14 per cent higher at USD 71.77 per barrel in futures trade.
Analysts attributed the strengthening dollar and crude prices to heightened tension between the US and Iran, with both countries signalling they are prepared for war if talks on Tehran's nuclear programme fizzle out.
On the domestic equity market front, Sensex fell 150.35 points to 82,347.79 in early trade while the Nifty declined 35.15 points to 25,419.20.
On Thursday, foreign institutional investors offloaded equities worth Rs 880.49 crore, according to exchange data.
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