At IIM-Indore, the highest domestic salary offer recorded this year was Rs 26 lakh compared with Rs 18 lakh last year an increase of Rs 44 per cent. At IIFT-Delhi, the highest domestic offer was Rs 25 lakh over Rs 19.20 lakh in 2007 an increase of 30 per cent. At IIM-Bangalore, for instance, consulting firms accounted for 37 per cent of total placements. At IIM -Ahmedabad, a total of 103 offers were made during lateral placements.
After having raised Rs 20,000 crore by selling NFOs, mutual funds are now likely to turn buyers. A slew of funds, including Morgan Stanley ACE Fund, Birla Sun Life Pure Value Fund, Mirae Asset India Opportunities Fund Standard Chartered Fund closed recently. Mutual funds launch NFOs to raise money since the mutual fund penetration in India is low. Most mutual funds expect redemptions on account of advance tax provisioning that corporate houses do at this time of the year.
McKinsey led the pack by picking up 15 students, followed by Lehman Brothers and Boston Consulting taking 11 each. This year's batch, too, had their share of entrepreneurs with four students who opted out of the placements. Of the 256 students, about 100 students received pre-placement offers, and about 75-odd had bagged offer letters during the lateral placement that happened few weeks prior to the final placement.
Canadian communications major Research In Motion (RIM), owners of the BlackBerry brand of mobile phones, has assured the Department of Telecommunications (DoT) that it would sort out the BlackBerry tangle by initiating discussions between security agencies of Canada and India. The move comes in response to a government notice directing BlackBerry service providers to stop services by December 31, 2007.
Star Plus has signed up telecom major Airtel as the presenting sponsor for the Shah Rukh Khan-anchored Kya Aap Panchvi Pass Se Tez Hai. According to sources, the deal has been struck at Rs 40 crore. The Airtel deal follows on the heels of its competitor Vodafone signing up as the presenting sponsor for the Indian Premier League on Sony TV.
The Indian economic growth story is being reflected on B-school campuses too.
Even as Finance Minister P Chidambaram said that a final decision on expiry of tax benefits to export-oriented units and Software Technology Parks of India had not been taken yet, government sources indicated that an extension of the concessions was unlikely.
IIM C and IIM A have hiked their fees for post graduate programme by Rs 1 lakh.
With the Bangalore airport announcing stiff user developmental fee on domestic passengers, low-cost carriers -- JetLite, SpiceJet and Simplifly Deccan (formerly Air Deccan) -- have decided to drastically cut their flight schedules to the city and other new airports like Hyderabad.
Regional airlines that have received approval include MDLR, Jagson Airlines, Star Aviation and Zav Air. Others like Mega Airways and Premier Airlines are still awaiting approval.
Bangalore's new airport will be ready on March 7 to receive the first commercial test flights. It plans to start commercial operations on March 28 or 30, soon after Hyderabad's new airport does so on 16 March.
Right from day one, the delegates were faced with external odds over which they had little or no control. For instance, would the Software Technology Parks of India scheme be extended beyond 2009? They could only take home the assurance that Minister for Communications and IT Thiru A Raja was on their side.
Clearly, couples are spending more time and money in the malls and eating out rather than on flowers and cards. And the much-publicised hoopla on Valentine's Day, has given way to expensive gifts and eating out culture across major cities.
The income earned from such activities is crucial for the domestic airline industry, which had accumulated losses of over Rs 2,200 crore in 2007. These losses are expected to rise to Rs 2,800 crore in 2008.
There seems to be no respite for primary markets as initial public offers (IPOs) continue to get a tepid response from investors. The latest example is Emaar MGF's mega IPO, which has not just been extended by five days, its price band has also been revised once again. The issue will now close on February 11, according to investment banking sources.
For executives who quit their cushy jobs to do a one-year post-graduate programme in management at reputed management schools, it could be a problem of plenty, with placement offers pouring in two months before their course comes to an end.
Public sector lenders Canara Bank, Corporation Bank and Allahabad Bank have decided to lower interest rates on housing loans, preferring to keep their prime lending rates (PLRs) unchanged. ICICI Bank Managing Director and Chief Executive Officer K V Kamath has indicated that the country's second largest bank would review interest rates only in 2008-09.
Realty FII norms, which were recently put outside the purview of Press Note 2 (2005), are vague about pre-IPO investments.
The sell-off in the equity markets, especially by foreign institutional investors, could have a ripple effect across asset classes and adversely impact consumer spending.
Many banks have begun to work on plans to provide assistance to brokers to ensure they do not default on any payments amid a turbulent stock market, following the finance ministry's unofficial advice to them to explore ways of supporting market players. All the actions would be initiated within the prudential framework like adhering to the limit on capital market exposure, said a top executive of another PSB.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances