The Certificate Programme in Business Administration offered by the Institutes of Management has not found favour with information technology companies.
ONGC currently supplies gas directly in isolated pockets of India, mainly in Gujarat and Assam, which contributes around Rs 100 crore (Rs 1 billion) to ONGC's total marketing revenues. In May 1992, gas pipelines and marketing functions related to natural gas were transferred by ONGC to GAIL. However, there are certain isolated pockets where ONGC continues to be the marketing agency.
While some have announced setting up of a PE club for aspiring entrepreneurs, others plan courses, special lectures and seminars to create awareness about the booming sector. Students of the Post Graduate Programme for Executives at Indian Institute of Management, Ahmedabad, will go through a course on PE in their last term between December and February.
In a unique initiative, students from IIM-Ahmedabad will work with Communist Party of India - Marxist politburo member Sitaram Yechury and help in planning for the Member of Parliament Local Area Development Scheme this year. They will be involved in the National Rural Employment Guarantee Scheme and Sarva Shiksha Abhiyan. Provisions of the Right to Information Act will be analysed. Students will assess funds spent by the constituency and create a monitoring system.
ADAG slots Rs 1,200 cr for wind power plants
With around 50 students interested in being members, the club will be a forum for students interested in all aspects of private equity and venture capital. As part of formalising the club, the students are holding the first intra-institute event called the 'Zen of Investing', where the club plans to invite alumni working in the area of private equity, besides involving the faculty and students for the activity.
After supplying Micro Electrical Mechanical System-based (MEMS-based) Inertial Navigation System to the Navy and the Airforce, Whirlybird Electronics, the co-incubated company of Indian Institute Management, Ahmedabad (IIM-A), is looking for markets in the automation and automobile industry.
Gujarat State Co-operative Bank, the apex co-op bank in Gujarat, has already hiked salaries by 16 per cent, said Shailesh Shah, General Secreatary, Gujarat State Co-operative Banks' Employees' Federation. The bank has a workforce of 237 employees. Ahmedabad Co-operative Bank too has given Rs 1600 hike to their employees.
The chain 'NRI Panipuri' will have around 500 small franchisee outlets in the city over the next one year. After Ahmedabad, the group will enter centres like Vadodara, Rajkot, Mehsana and Bhavnagar.
Aditya Aromedic and Bio Energy Pvt Ltd has recently started commercial production of bio-diesel from Jatropha. The good news is that bio-diesel marketed by the company is cheaper than the fossil diesel sold by oil marketing companies in the country.
Two ex-IIT Kharagpur students have decided to come out of their comfortable professional zones to create a venture called 'Demazi', which would enable SMEs to create their own IT solution online at a minimal cost. SMEs owners can log on to the website and key in the requirments they need from the software.
Institutes are encouraging students to work hands-on with the underprivileged of society.
Nothing seems to dampen the spirit of Gujarat's textile industry when it comes to investments. Inspite of the issues arising due to rising input costs, the state government is expecting to witness MoUs worth Rs 10,000 crore (Rs 100 billion) in textile sector at the Vibrant Gujarat Global Investor's Summit 2009. During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.
The floor seems to be divided between realtors and Gujarat urban development authorities on the implentation of the New Integrated Township Policy. Township projects worth over Rs 10,000 crore (Rs 100 billion) in and around Ahmedabad have been left in a lurch due to this, according the real estate developers. Many developers who have already earmarked land for the townships feel that the policy is not yet implemented
Ahmedabad-based Malibu Plastica, a manufacturer of polycarbonate plastic sheets, is working on redesigning the metal tops of post boxes, which would make it rust-free and weather resistant. This is the first time such a project has been undertaken.
The government appears to have hit upon a novel faculty-sharing solution to tackle the shortage of quality faculty at the premier Indian Institutes of Technology. The shortage will accentuate now that eight new IITs have been announced.
Maruti Suzuki's next offering, the A-Star, a premium hatchback car, will be the first vehicle to be exported from the company's car terminal at Mundra Port, which is expected to be operational by December 2008. A joint venture between Maruti Suzuki and Mundra Port and Special Economic Zone (MPSEZ), the terminal is being set up with an investment of Rs 100 crore (Rs 1 billion).
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.
The Indian economic growth story is being reflected on B-school campuses too.
Five school students got together to create a car out of scraps for just Rs 11,000. They spent two years sifting through scrapyards to find appropriate material for the car.
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