Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

STL to collaborate with IIT Madras for 5G advancements in India

Posted On: 2019-12-10 17:29:29


STL[NSE: STRTECH], a global data networks innovator, has signed a Memorandum of Understanding (MoU) with Indian Institute of Technology Madras, a premier academic and research institute, for sponsoring a Chair Professorship in 5G . Under this MoU, STL and IIT Madras will partner for research and advancements in 5G communications technology.

Data is the primary driver of growth in the industry today and the demand for it is all set to go up. 5G will address the demand by enabling ubiquitous connectivity. 5G technology are still evolving, while efficient and affordable standards need to be developed. The IIT Madras and STL industry - academia joint initiative will support development of such standards and technologies.

The Chair Occupant will be a full-time institute faculty and will be identified through institute's comprehensive review and selection process. Announcement of the first occupant of the Chair Professorship will happen in the first quarter of 2020. The Chair Occupant will work towards accelerating the advancements in 5G by unifying IIT Madras' research and domain knowledge with STL's industry expertise in 5G and end-to-end network connectivity.

The MoU for Sterlite Technologies Chair Professorship was signed in the presence of Prof. Bhaskar Ramamurthi, Director, IIT Madras, Prof. R. David Koilpillai, Head, Department of Electrical Engineering, IIT Madras and Prof. Mahesh Panchagnula, Dean (International and Alumni Relations,) IIT Madras and Dr. Badri Gomatam, Group CTO and Ms. Anjali Byce, CHRO from STL.

Commenting on the partnership Dr. Badri Gomatam, Group CTO, STL, said, "STL, as a data networks innovator is always at the forefront of bringing end-to-end connectivity solutions and transforming lives with technology. We are entering the era of 5G connectivity and we need to make the most of it. Through this partnership, STL and IIT Madras are committed to realise the enormous potential of 5G for customers and industry in India and global markets".

Speaking about the research that will be taken up under this Sterlite Technologies Chair Professorship, Prof. David Koilpillai, Head, Department of Electrical Engineering, IIT Madras, said, "We would like to express our sincere appreciation to Sterlite Technologies Limited (STL) for sponsoring this Chair, which will be instrumental in enabling the Department of Electrical Engineering to undertake cutting edge research in Communications technologies - both fundamental R&D and translational projects."

The initiative will play a critical role in boosting innovation and developing young talent in the 5G domain. With industry and academia getting together, this collaboration can be a cornerstone in discovering unique opportunities and making industrial relevance more prominent in academic research.

Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.115.75 as compared to the previous close of Rs. 118.75. The total number of shares traded during the day was 107774 in over 2536 trades.

The stock hit an intraday high of Rs. 119.3 and intraday low of 115. The net turnover during the day was Rs. 12544381.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Tamboli Capital Ltd Q1 consolidated net profit at Rs. 0.63 crore

IPCA Laboratories Ltd reports surge in consolidated net profit to Rs. 446.13 crore in Q1

Diamines & Chemicals Ltd Q1FY21 PAT lower at Rs. 6.31 crore

Andhra Petrochemicals Ltd posts loss in Q1FY21

SUBEX Ltd Q1FY21 consolidated net profit drops QoQ basis to Rs. 15.16 crore

Saksoft Ltd posts consolidated PAT of Rs. 10.12 crore in Q1

Nucleus Software announces Q1 FY21 Financial Results

Everest Organics Limited successfully develops Remdesivir API

Valiant bags orders from European and Asian Power Utilities

Mawana Sugars Ltd Q1 consolidated loss at Rs. 4.19 crore

Cochin Shipyard Ltd Q1FY21 consolidated PAT at Rs. 41.43 crore

Caplin Point Laboratories Ltd Q1FY21 consolidated net profit higher at Rs. 54.54 crore

TTK Prestige Ltd posts consolidated net profit of Rs. 2.55 crore in Q1FY21

Kalyani Steels Ltd Q1 consolidated PAT at Rs. 8.76 crore

Tejas Networks bags Rs. 66 crore order for a prestigious Indian Defence Network Project from L&T Construction

GlobalSpace subsidiary Makebot Makes inroads into Global market

Zen Technologies Ltd updates on Defence Minister announcement

Steel Strips Wheels Ltd bags export orders for over 30,000 wheels from US

Aster DM Healthcare Limited updates on accident at RCMHPL

Mr. Christopher O'Connor resigns from the position of Executive Director and Chief Executive Officer of Persistent Systems Limited

Open offer for Aarti Surfactants Ltd at Rs. 284

Wonderla Holidays Ltd announces financial results for Q1FY21

Affle reports strong performance for Q1 FY2021

Magma Fincorp Q1FY21 AUM at Rs 15,922 Cr, PAT at Rs 38 Cr vs Rs 11 Cr YoY

Amber Enterprises India Ltd Q1FY21 loss at Rs. 22.44 crore

Neogen Chemicals Ltd Q1 net profit at Rs. 6.11 crore

Majesco shareholders to receive $16.00 in cash per share, agreement with Thoma Bravo amended

Shilpa Medicare Ltd Q1FY21 consolidated PAT zooms to Rs. 86.31 crore

Magma Fincorp Ltd reports Rs. 37.71 crore consolidated PAT in Q1

VBC Ferro Alloys Ltd posts Q1 loss of Rs. 0.78 crore

Wonderla Holidays Ltd Q1 loss at Rs. 14.51 crore

Rama Phosphates Ltd Q1 PAT up at Rs. 6.56 crore

Shaily Engineering Plastics Ltd posts Rs. 3.02 crore loss in Q1

Shilp Gravures Ltd Q1 net profit at Rs. 0.73 crore

Affle India Ltd posts consolidated net profit of Rs. 18.77 crore in Q1

SPL Industries Ltd Q1 net profit at Rs. 2.64 crore

Fire at Nandan Denim's factory

Avanti Feeds Ltd board to consider Q1 results on Aug 27, 2020

Minda Industries Ltd issues commercial paper of Rs. 25 crore

Info Edge India Ltd closes QIP, fixes issue price as Rs. 3090

Kriti Nutrients Ltd Q1FY21 net profit rises to Rs. 8.16 crore

TVS Electronics Ltd Q1 loss at Rs. 9.75 crore

ZEN Technologies Ltd Q1 loss at Rs. 1.33 crore

DCB Bank Ltd reports Rs. 79.38 crore PAT in Q1FY21

Arihant Capital Markets Ltd Q1FY21 consolidated PAT at Rs. 4.88 crore

RAMCO Systems Ltd posts consolidated PAT of Rs. 13.81 crore in Q1FY21

Bajaj Hindusthan Sugar Ltd Q1 consolidated loss at Rs. 52.89 crore

ARO Granite Industries Ltd Q1 net profit at Rs. 0.34 crore

Nitin Spinners Ltd Q1 loss at Rs. 9.15 crore

Sarda Energy & Minerals Ltd Q1 FY21 consolidated PAT jumps QoQ to Rs. 35.47 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019