IISc Bengaluru, 6 IITs in top 500 universities in world in QS Employability rankings
New Delhi, (PTI): Indian Institute of Science (IISc), Bengaluru and six Indian Institutes of Technology (IITs) are among twelve Indian institutions which have figured in the top 500 universities in QS Graduate Employability Rankings 2022 announced on Thursday.
IIT Bombay is on top amongst Indian institutions in the ranking.
While three central universities -- Delhi University, University of Mumbai and University of Calcutta have made it to the list, among the private universities in the list are OP Jindal Global University, Sonepat and BITS Pilani.
The six IITs include IIT Bombay which has been placed in the 101-110 ranks, IIT Delhi (131-40), IIT Madras (151-60), IIT Kharagpur (201-50), IIT Kanpur (251-300) and IIT Roorkee (500).
IISc Bengaluru and OP Jindal Global University have figured in the 301-500 category.
Birla Institute of Technology and Science (BITS), Pilani and University of Mumbai have their ranking between 251-300.
"As the world recovers from the impact of the COVID-19 pandemic, the importance of graduating with the skills and qualities required by modern employers has arguably never been greater," the London based Quacquarelli Symonds (QS) said in a note on its website.
"Each of the universities ranked has demonstrated an ability to produce graduates with the 'soft skills' required for the modern workplace. Given the fierce competition for graduate roles around the world, students should be seriously considering how their university can prepare them adequately for full-time employment, by connecting them with global employers and ensuring they develop the necessary skills and knowledge," it added.
For determining these employability rankings of higher education institutions across the world, QS considers how well reputed the institutions are among employers, whether the institutions are nurturing high-achievers, how connected institutions are to companies and how attractive the institution's recent graduates are to employers.
QS considered the following indicators and weightings to calculate the scores for GER 2022--employer reputation (30 per cent), alumni outcomes (25 per cent), partnerships with employers per faculty (25 per cent), employer-student connections (10 per cent) and graduate employment rate (10 per cent).
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Rupee crashes 19 paise to settle at all-time low of 85.13 against US dollar
Mumbai, Dec 19: The rupee depreciated 19 paise and breached the crucial 85 level to close at a fresh all-time low of 85.13 against the US dollar on Thursday, as a hawkish stance from the US Federal Reserve sparked a broad dollar rally.
Forex traders said the Indian rupee breached the 85-mark for the first time and fell to a new record low as the US Federal Reserve adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the Indian rupee.
The US Federal Reserve cut interest rates by 25 basis points to 4.5 per cent, in line with estimates. However, it signalled only two rate cuts in 2025 from previous expectations of four rate cuts.
At the interbank foreign exchange, the rupee opened on a weak note and touched the lowest-ever level of 85.14 against the greenback during intra-day.
It finally ended the session at the lowest-ever closing level of 85.13 against the American currency, registering a steep decline of 19 paise over its previous close, as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities further dented investor sentiments.
On Wednesday, the rupee dropped 3 paise to close at a record low of 84.94 against the US dollar.
"We expect the rupee to trade with a negative bias on global equities following a hawkish Fed and a strong dollar. Concerns over slowdown in the economy may further weigh on the rupee," said Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan.
Choudhary further noted that any intervention by the Reserve Bank of India (RBI) may also support the rupee.
"Traders may take cues from final GDP, weekly unemployment claims, and existing home sales data from the US. USD-INR spot price is expected to trade in a range of 84.9 to 85.25," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.13 per cent at 107.88.
Brent crude, the global oil benchmark, fell 0.05 per cent to USD 73.35 per barrel in futures trade.
In the domestic equity market, the 30-share BSE Sensex closed 964.15 points, or 1.20 per cent, down at 79,218.05 points, while Nifty settled down 247.15 points, or 1.02 per cent to 23,951.70 points.
Foreign Institutional Investors (FIIs) offloaded Rs 4,224.92 crore in the capital markets on net basis on Thursday, according to exchange data.
