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BIT Sindri alumnus donates $1 million to PM CARES Fund | Ranchi News

Sindri: A BITSindri alumnus, Dr K P Singh (KP), has donated has donated $1 million to the PM Cares fund through the BIT Sindri Alumni Association in North America to fuel India’s ongoing fight against the pandemic. BIT Sindri director D K Singh said, “KP has also approached the Bihar government for setting up a 100-bed state-of-the-art hospital in his native village in Baraihiya at an estimated cost of $30 million.” Currently settled in America, KP is the CEO of the US-based Holtec Corporation which specializes in nuclear technology, nuclear waste disposal, designing of nuclear reactors and power storage. “KP also pledged to fund the appointment of five adjunct professors for the institute, including their travel expenses,” Dr Singh said.

L&T Technology Services reports a resilient Q4FY21 to close FY21 with strong execution

L&T Technology Services reports a resilient Q4FY21 to close FY21 with strong execution Monday, May 3, 2021 7:33PM IST (2:03PM GMT)   Q4 Net profit of Rs 195 crore, up 5% QoQ L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter and full year ended March 31, 2021.   USD Revenue at $197.5 million; growth of 3.9% QoQ EBIT margin at 16.6%; up 140 bps QoQ Net profit at Highlights for FY21 include: USD Revenue at $737 million; decline of 6.3% EBIT margin at 14.5% Board has recommended a final dividend of Rs 14.50 per share During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and leading-edge technologies stood at 52% during the quarter.

Eli Broad, billionaire MSU philanthropist, dies at 87

Credit steve carmody / Michigan Radio Eli Broad, a Michigan State University alumnus who became a billionaire philanthropist and contemporary art collector, has died. He was 87. Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed his death to The Associated Press. She said Broad died at Cedars-Sinai Medical Center after a long illness. After graduating from MSU in 1954, Broad co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc, both Fortune 500 companies.  Broad left his mark on the East Lansing campus with the business school and art museum that bear his name, as part of more than $100 million he donated to Michigan State.

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