Brother of Computer Science and Engineering.
You read that right. Information Science and Engineering is a branch of Engineering born and brought up in Bangalore. This branch was created to handle the high in-flow of CSE students in the engineering colleges located in Bangalore. And the high intake obviously owes to the plethora of IT companies located in the city.
Courses that ISE students study are the same as what CSE students study with some exceptions that do not make a significant difference.
Coming to the placements of ISE students, you get opportunities equal to the CSE students.
Hope that helps.