Information technology giant IBM is taking computer education to students from weaker sections of society in Kolkata. Five NGOs, CiniAsha, Divya Chaya, Calcutta Rescue, SPAN, and Pratyush identify and bring in students from various parts of Kolkata for training at the IBM centre.
The Nandigram fracas is taking a toll on placements at the oldest Indian Institute of Management (IIM), in Kolkata, with top-notch recruiters like Goldman Sachs deciding not to visit the campus this year for summer placements.
Leading five-star hotels in the country are taking their signature restaurants to cities across the country, thanks to their success and popularity. Taj Hotels and Palaces in Mumbai will open its signature Japanese restaurant, Wasabi by Morimoto, in Delhi by early next year.
While IIM-B is yet to decide on the exact quantum, the increase could be anywhere between Rs 20,000 and Rs 50,000. The institute will be revising its fee after three years. Through the revision, the institute plans to increase its earnings from the placement fee.
Although exports of gold jewellery have increased from Rs 5,220 crore (Rs 52.20 billion) during FY 2001 to Rs 23,516 crore (Rs 235.16 billion) during FY 2007 (source: Icra industry monitor), the export business has been constrained by an inability to compete in global markets on basis of price and superior design capabilities.
In an attempt to combat competition from local beauty and wellness salons, companies like Lakme, Habibs and VLCC are gearing up to offer specialised and upgraded services. According to market data, the beauty and wellness industry, which stands at Rs 1,500 crore (Rs 15 billion) right now, was only Rs 400 crore (Rs 4 billion-)-strong in 2004.
More than six hotel chains are looking at either building properties or expanding their presence in these states. ITC's WelcomHeritage brand, for instance, is scouting for properties in Nagaland and Kaziranga, Assam. The hotel, however, is already there in Arunachal Pradesh, Assam and Meghalaya.
It was the first company to launch sub-10,000 PCs five years ago forcing major PC makers to offer ultra-low cost entry-level models. Then it launched India's first laptop to be priced under Rs 20,000. And now, it has launched a 100cc motorcycle for under Rs 20,000. Xenitis has launched the mobike for Rs 19,990, with equated monthly instalments (EMIs) fixed at Rs 490.
The Planning Commission, according to highly-placed sources, says GDP allocation to education will increase from its from current 3.5 per cent to 5 per cent by the end of the 11th Plan. Around 19.7 per cent of the total plan resources would be set aside for education, according to the sources in the Commission.
Corporate sponsorships for B-school festivals are set to double and almost touch the Rs 1 crore (Rs 10 million) figure in 2008. While established annual festivals of B-schools in eastern India are likely to see a 20-30 per cent increase in sponsors and sponsorships, the newer B-school fests are likely to receive double the sponsorship amounts they received last year.
This Diwali, Rakesh Mehta, a senior sales and marketing employee with an IT firm, will celebrate in Australia with his family. Mehta, is one of the top performers of his company and has been rewarded with this 'Diwali Gift'. Other top performers from his company will celebrate their Diwali in New Zealand and Mauritius. In fact, a lot of IT, BPO, pharma companies and banks are rewarding their employees for good performance by sending them to exotic locations.
Another Indian School of Business (ISB) is taking shape. Rajat Gupta, the former CEO of McKinsey & Company and now a senior partner in the professional services firm, along with his team is planning to set up a second ISB, this time in the North. The existing ISB in Hyderabad was Gupta's brainchild and is among India's most coveted business schools. It is spread over 260 acres of land and was set up in December 1999 at a cost of around Rs 100 crore (Rs 1 billion).
Dubai Holding, an investment firm of the Dubai government, has threatened to come out with an open offer for Orient-Express Hotels if the Tata group acquires a significant stake in the hotel chain. This comes exactly a month after the Tata group's Indian Hotels Company bought 10 per cent and expressed interest in striking a deal which was turned down by Orient-Express.
XLRI Jamshedpur, School of Business and Human Resources, has drawn up a number of courses this financial year for companies to help combat attrition rate across industries. These are expected to help managers and senior-level executives, especially HR personnel and team-leaders, to understand ways to retain employees and manage teams effectively.
According to the latest report by AdEx India, a division of TAM Media Research, the growth in Internet portals' overall ad volume on TV during the period was dominated by 'Shopping Portals 'which recorded a maximum rise in advertisements per day. According to the report, average advertisements per day saw a rise of 240 per cent in January-August 2007 over the January-August 2006 figures.
Shortage of staff is preventing the Monopolies and Restrictive Trade Practices Commission from summoning over 140 B-schools to furnish details about their fee structure, faculty payments and tie-ups. The body issued notices to around 100 "defaulter" B-schools last week.
The Indian SMEs have spent over $5 billion on telecom equipment and services last year. Further growth is expected from the cellular market which is set to grow at over 13 per cent.
Rising real estate costs and lack of good locations in cities are driving hotel companies to rent space in malls and other commercial complexes. For instance, Accor Hotels is in talks with mall developers to build its Formulae 1 brand of budget hotels at the topfloor of malls in tier I and tier II cities.
The Sweden-based cosmetics company Oriflame is set to introduce 150 more products in India by next year, as competition among direct-selling companies in India rises with the entry of more multi-national players.
In one of the biggest such programmes, Indian Institute of Management Calcutta is investing Rs 100 crore (Rs 1 billion) over three years in remodelling its campus to make room for 25 per cent more students and give it an international look.
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