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Samsung India To Provide Tech Scholarships Under ‘Star Scholar Program’

Samsung India is currently accepting applications for scholarship for the academic year 2019-2020

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It offers a scholarship of up to Rs 2 lakh for expenses related to tuition, examination, hostel and mess, for one academic year. Wikimedia Commons

Samsung India on Friday announced scholarships for 560 Jawahar Navodaya Vidyalaya (JNV) students under its “Star Scholar Program”.

Under this programme, each year, Samsung offers scholarships to meritorious JNV students pursuing a full term B. Tech/Dual Degree (B.Tech + M.Tech) course in any Indian Institute of Technology (IIT) or a National Institute of Technology (NIT) in India.

Samsung India is currently accepting applications for scholarship for the academic year 2019-2020 and the last date for submission for application and all related documents is December 10.

“At Samsung, we work towards nurturing talent through programs that encourage and support the youth. As ‘Samsung Star Scholar’ programme enters its fourth year, we plan to extend scholarships to 560 students from Jawahar Navodaya Vidyalaya across the country to peruse B.Tech and M.Tech courses at the prestigious IITs and NITs. Peter Rhee, Corporate Vice President, Samsung India said in a statement.

It offers a scholarship of up to Rs 2 lakh for expenses related to tuition, examination, hostel and mess, for one academic year. Interestingly, scholarship renewal is extendable if a student fulfils certain criteria for the subsequent years of his/her course in the institute.

Samsung
Samsung India on Friday announced scholarships for 560 Jawahar Navodaya Vidyalaya (JNV) students under its “Star Scholar Program”. Wikimedia Commons

While the selection for first year applicants is based on their All India Rank (AIR) in the Joint Entrance Examination (JEE Main), to get a renewal of the scholarship for the second – fourth years, the applicant is required to maintain a Semester Grade Point Average (SGPA) or Cumulative Grade Point Average (CPGA) rating of 5 or above.

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Of the 560 scholarships planned for this year, 150 are expected to be for new applicants and 410 students may be granted a renewal of their existing scholarship. (IANS)

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Samsung Achieves $10 Billion Revenue In India

Samsung hits record $10 billion revenue milestone in India

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Samsung offers the best tablets in India. Pixabay

Samsung India has become the first smartphone and consumer electronics company to achieve $10 billion in revenues in the country, according to the latest regulatory filings made to Registrar of Companies (RoC). The milestone comes at a time when Sʌmsung is heading into its 25th year of operations in India.

The South Korean technology giant, also the world’s biggest maker of smartphones, reported a revenue of Rs 73,086 crore in 2018-19 on the back of solid performance across its smartphones and consumer durable divisions, according to RoC data.

Sʌmsung India posted a 20 per cent jump in revenue in FY19, doubling its growth rate of 10 per cent achieved during FY18.

According to RoC filing, Sʌmsung India’s revenue in FY18 stood at Rs 61,066 crore.

Samsung Phone
Samsung offers latest mobile phones, smart phones, tablets, smartwatches and other mobile devices. Pixabay

Samsung India’s smartphone division contributed a major chunk to the overall revenues, with mobile phone sales amounting to Rs 43,087 crore or nearly 60 per cent of overall revenue.

Samsung India’s TV as well as home appliances divisions also performed with double digit sales growth, according to RoC documents.

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Samsung entered the Indian market in 1995 and currently operates the world’s biggest mobile manufacturing unit at its Noida facility. It has another factory in Tamil Nadu.

The South Korean giant has five R&D and one design centres in the country. Samsung is also one of the biggest employers in the country with over 70,000 employees. (IANS)