The report shared that foreign assets by Indian MNEs grew 100% pa in last few years. These MNEs contribute $15.3 billion in foreign assets, 60,000 employees abroad and $12.7 billion in sales. The foremost company in the list was state-controlled Oil and Natural Gas corporation (ONGC) which comprised 31% of the total foreign assets, as per ISB's press statement of the report.
Of the 24 companies, IT sector had eight investments followed by the pharmaceutical sector with five investments. It was also found that Europe was a favoured investment destination with possibilities of the trend shifting to Africa, Latin America, Australia and Middle East countries, stated the release.
"The survey is a part of the long term study of rapid global expansion of MNEs from emerging markets, in particular from the BRIC countries- Brazil, Russia, India and China. The survey acts as a baseline against which subsequent developments can be measured," said the statement.
The 180 first-year MBA students displayed their 12 projects in college on April, 15. The projects included blood donation camps for thalassemia patients, imparting education to the deprived, mobile libraries for the road-side schools, drive against faulty metering autos and taxis, training stray dogs to be security dogs and funding for celebrating birthdays with orphans, said the release.
The aim of the project is the scalability of the initiative and its sustainability. Like the students of the blood donation drive are trying to bridge a connect between colleges and blood banks to schedule drives at pre fixed dates and have a sustainable approach to the idea, stated the release.
The groups have showcased their work at www.projectssr.org and www.IndiaActs.org. Projects like drive against faulty metering has an online approach where people can post the registration number of the alleged taxi or auto and the students will follow it up with the RTO office every week, added the release.
The course aims to be carried forward in the next trimester of their MBA program. The school hopes to expand this initiative to more students and colleges in time.
"The event saw participation from 200 colleges across 30 countries. More than 500 teams submitted their entries for the event," said the release. The judge panel included CEOs and CFOs of leading Singaporean business community. The event had five elimination rounds and six teams reached the semi-finals, where SJMSOM won over Indian School of Business, Hyderabad and reached the top three finalists slot, added the statement.
"The tournament saw participation from 120 golfers, including 20 corporate participants," stated their official release. Business schools competed on the first day and the second day included corporate participants. The event saw guests like Mr Ashok Thakur (IAS), Additional secretary, Ministry of HRD; Mr. Ranjan Chatterjee (IAS), Chief secretary, Government of Meghalaya and the Governor of Meghalaya, as per the statement.
"This tournament is an attempt to facilitate interface between the cream of corporate and academic world," said the release. The school aims at making the tournament a regular and popular amateur golf tour of the country in coming years.
"Due to requests from a number of prospective candidates the last date for receipt of of the filled in application form has been extended to May, 31," said the school's official statement.
The extension will allow applications from aspirants giving their GMAT exams between March, 16- May, 1. Candidates with five years work experience (as on May, 31) after graduation will be considered eligible, stated the release. The program aims at senior level managerial skills and will commence from September, 2009. For more, visit http://www.iimidr.ac.in/iimi/pages/programmes_main/epgp.php
The participants have an average age of 37 years with average 13 years of work experience, according to the release. The batch profile is dominated by engineers (25), males (29) and government employees (22), it added.
"PGP-PMP is a full-fledged executive MBA programme combining core business management and public management which will be on par with leading international executive programmes like those of the Kennedy School of Government, the Lee Kuan Yew School of Public Policy, the Maxwell School, and the George Mason University," stated the release.
His professional stint has integrated academic teaching and he has worked in several countries across the globe. "He was a visiting professor at Harvard university's Kennedy School of Government. He also taught in the MBA Programme at the University of St. Thomas, Minnesota and at the Harvard Graduate School of Business," said the official release.
He has wrote many research papers and authored quiet a few books. Previously he has also functioned as Dean (Leadership Centre) at S.P. Jain Centre of Management, Singapore, as per the school's release.
"The school is an initiative of Xavier Labour Relation Institute (XLRI) and Indian Institute of Management (IIM) alumnus. This will help ease the placement procedure. The school also has strategic tie-ups with various European institutes," the release quoted Mr. Kamlesh Vyas, Director, FISB, as saying.
He further added that the school will have lowered fees and fewer students in a batch. The school will provide students a free international exchange program, a laptop and a trip to Europe.
Graduation is the eligibility for MBA admission and the executive program requires one year of experience. The applicants will undergo a written test, group discussion and personal interview for admission. The admissions procedure ends on May, 15 and the academic year starts from June, 15, as per the school's statement.
The school's board of directors include government officers, CEOs and Directors of companies and the Dean of Management Development Institute (MDI), claimed the press release.
"The workshop was a concrete step taken by the two organizations for promoting and educating the masses in the use of electricity and saving," the school's release quoted Mr. Devender Singh, Joint Secretary, Ministry of Power, Government of India as saying.
He further added that Indian industries consumed 44 pc of commercial energy while adding only 26 pc to GDP. The government had identified nine major power consuming industries and is focusing on achieving energy efficiency in them. A National Mission on Enhanced Energy Efficiency has been established to promote efficiency.
"Haryana has a scope of saving 25 pc of its power consumption in various sectors like agriculture, industrial and commercial, thus increasing capacity and leading to substantial environmental benefits," the release quoted Ms. Sumita Misra, Director, HAREDA as saying.
MDI's Dean of School of Energy management, Dr. Atmanand, directed the workshop and was quoted in the release as saying, "Organizing workshops on improved energy efficiency will succeed if all stake holders take lead in supporting the conservation program and comply with Energy Conservation Act that provided a legal framework for promoting optimum utilization and efficiency in its use."
The industrial background of students is diverse, ranging from sports, law, medicine, media, communications etc, but dominated by the IT sector (36 pc). 336 students have international work experience and 17 were self-employed, added the statement.
ISB claims to the new batch students that, the degree will offer them to network and build contacts with future leaders. "Many students are using this time to concentrate on functional shifts and build their expertise in a different profile," stated the school's official statement.
aThe CAT will be conducted at Prometric centers across the country. The locations of these centers will be determined only after all applications have been received. Students will get some idea about how to prepare for this yearas test when the CAT advertisements and booklets are released,a said IIM Bangalore (IIM-B) Professor Amarnath Krishnaswamy.
The primary reason behind this decision is the manifold increase in number of CAT applicants in recent years. Approximately 2.5 lakh candidates wrote the CAT in 2008 and this is an increase of 163 percent as compared to 2003 when about 95,000 students attempted this test. The IIMs have encountered difficulties in conducting the CAT in the past. In 2003, CAT question papers had been leaked and this resulted in a retest being held later that year.
The IIMs believe that a computer based CAT will result in flexibility in choice of selection date, ease of registration process, better physical environment and test experience. There will also be enhanced security in terms of biometric identification of candidates and video monitoring. Such a format is expected to improve communication between candidates and IIMs in terms of programme information, test delivery, receipt of admit cards, and receipt of score reports.
Update: CAT 2009 will not be computer-adaptive, form will cost Rs 1,400
Also see: Reactions on the PaGaLGuY Forum | How coaching institutes are coping with the new CAT format
The program was aimed at NEN members across the country who have limited knowledge in teaching high-growth entrepreneurship, said the school's statement. The program was meant to foster the participants to conduct engaging programs in their campuses after the workshop. The course was developed by leading entrepreneurship faculty members from India and abroad and was taught by leading entrepreneurship faculty from India, said the statement.
"The course content included innovative experiential tools for idea generation, opportunity evaluation, creation of business models and financial projections and raising capital," added the release. Around 24 faculty members attended the five-day course which was fourth in the national series by NEN.
"The main idea behind the book is to generate new ideas and look at creating a new path towards branding and innovation in a world that is as globalized as it is today," said the statement.
The book includes interviews from Kevin Lane Keller, The Tuck School of Business, Dartmouth College; David Aaker, Haas School of Business, University of California, Berkeley; Jagdish Sheth, Goizueta Business School, Emory University; Don E Schultz, Northwestern University; Rod Brodie, University of Auckland Business School, New Zealand; Rajendra Srivastava, Goizueta Business School, US; Leslie de Chernatony, Birmingham School of Business, Birmingham; Leo Berry, Oklahoma State University and Bernd Schmitt, Columbia Business School, New York, stated the release.
IIM-B has been ranked in the employers' preferred top ten b-schools in Asia-pacific region and is trailing INSEAD Singapore; Melbourne Business School; National University of Singapore; AGSM, Australia and China Europe International Business School, said the school's official release. IIM-B moved up three places compared to its ninth position in the last report.
The survey also states that IIM-B's Post-Graduate Programme in Management students have an average GMAT score of 780, which is the highest in the region, as per the release. "This (survey) list is compiled from an annual survey of Human Resources (HR) managers and line managers with recruiting responsibilities at companies around the world," said the statement.
The guest of ceremony, Dr. Shashi Tharoor, Former under Secretary General, United Nations, addressed the graduating class. He spoke on the need for being philanthropic as managers holding responsible positions, said the school's official statement. The batch of 2010 was also formally introduced at the function, added the release.
The event was followed by the inauguration of the institutes's new green campus at Manamai Village, Mamallapuram, Chennai at evening. The guest of this function was Mr. Thiru. K.S. Sripathy, IAS, Chief Secretary, Government of Tamil Nadu. "The entire campus is 100% day-lit, recycles all its water and waste and uses a lot of reused and recycled products as some of the measures towards making a sustainable and green campus," added the release.
The website named shaadieasy.com will provide prospective brides and grooms with information on marriage halls, caterers, invitation card printers, car rentals, sweet shops, etc., stated the school's official release. The site aims at users getting compiled information on logistics with a comparison based approach. The site is free for users and it will charge minimum amount for service providers to get listed and even arrange appointments with customers, added the release.
Currently the listings are available for six major cities namely Mumbai, New Delhi, Chennai, Kolkata, Banglore and Hyderabad. The venture was assisted for resources by the Science and Technology Entrepreneursa Park (STEP) at IIT-K. The funding was done by the students which included data collection and site development, stated the release.
This 20-chapter book focuses on globalization and its underlying opportunities and challenges. "The book discusses in detail, theories of international trade, international trade patterns, institutional framework, the World Trade Organization and international economic integration," stated the release.
Further, it elucidates on key functional areas of international business such as international marketing, international human resources, international finance etc. and winds up on contemporary issues as, global e-business, ethics and social responsibility, added the release.
The book claims to have adopted a global perspective and not country specific approach and thus making it apt for readers across borders. The book has integrated multi-disciplinary approach and is presented in reader-friendly manner with examples, illustrations and diagrams, said the statement.
Prof. Joshi's previous book on 'International marketing' by the same publisher is widely used as a core text-book and has been a best-seller, added the release.
"Indian Railways have converted their losses into a US$5 billion profit over past four years. They now want to bank on this prospect and grow further by diminishing the organizational discrepancies. Thus through the program managers will be exposed to similar businesses in European and Pacific Rim countries," Sandra Nichol of HEC was quoted in the statement as saying.
The aim of the program was also shared by Nichol as, a methodology to re-think the conventional working models and making the state-run sector behave like a transport industry competitor.
The agreement will make HEC the biggest supplier of external training for managers for Indian Railways, added the release. For more, http://www.exed.hec.edu
The event was held as a part of peer and industry interaction program under the leadership series which provides skills in guiding a company to success, added the release. Dr. Aghi has 25 years of industry experience and a MBA, a doctorate in internal relations and an advanced management diploma from Harvard, stated the release.
He was stated in the release as laying emphasis on qualities that one should posses in recessionary times also stressing need of work-life balance and people management in one's career. He was against the idea of laying-off people and considered them as assets of a company; for IT companies he suggested to reduce their operational costs and tap newer markets.
This is the second batch of IPMX which started in 2008. It is an one year full-time program which has 46 participants, majority from engineering background having an average nine years of work experience. The program focuses on leadership roles for middle and senior level managers.
This was MDI's second batch in the partnership program with ESCP-EAP (started in 2006) which is partly conducted in India and partly in Europe. There were 25 participants in the first batch and 35 students in the 2010 batch, added the release.
The structure and complementary studies of the MEB program take places in 12-15 months in two countries. Students can study in the campus of ESCP-EAP in Paris, Berlin, London, Madrid and Turin, as well as partner universities, the Tec de Monterrey (Mexico), the MDI (India) and the Asian Institute of Technology (AIT), Bangkok (Thailand), stated the release.