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BITS Pilani alumni Sid Mookerji and Anuradha and Prashanth Palakurthi have pledged $1 million each to the BITS Endowment Fund, totaling recent commitments to $3 million. Prashanth Palakurthi, a technology entrepreneur, and Anuradha, his wife, previously donated $1 million to establish the Anuradha and Prashanth Palakurthi Centre for Artificial Intelligence Research in 2018. The Mookerji Foundation, founded by Sid Mookerji and his wife Sophie Mookerji, pledged $1 million to support entrepreneurship development initiatives.

After reports of the BITS, Pilani reaching out to their alumni network seeking help for placement process made headlines, its group vice-chancellor V Ramgopal Rao has said it was "being blown out of proportions".

As uncertain global conditions force major tech firms to cut down their hiring, especially for freshers, premier institutions like Birla Institute of Technology & Science, Pilani (BITS Pilani) are approaching their alumni network for the placement of students of latest batch

'This global uncertainty has a cascading effect with a funding winter setting in, resulting in cost-cutting in small and large businesses alike, with hiring being affected at all levels, including the campus level,' an official letter from BITS Pilani read.

IIM Lucknow, one of the top five business schools in India, is struggling to place about 72 of its students and reached out to its alumni