The industry's estimated losses stand at Rs 5-6 crore per day.
Results of the Common Admission Test could get delayed with Indian Institutes of Management and Prometric, which conducted the online test, still to decide a new date for conducting the exam for students who could not give their exam due to technical glitches.
In a first at the National Institute of Design (NID), academic profiles were offered to the graduating batch of young designers during placements this year.
Offers for senior positions take longer since companies spend more time screening the 1-year executive management programme students.
On the back of the global economic slowdown last year, most management institutes had to take steps like extending their final placement week by a few days and inviting more companies to campus to ensure better work opportunities to their students.
The revival has been such that denim players are experiencing a tsunami of orders. Arvind Limited, India's largest denim producer based in Ahmedabad, has its hands full with export orders. The firm has a denim production capacity of 75 lakh (7.5 million) metres a month.
While the registration fee for CAT 2009, which was Rs 1,300 last year, will surely increase due to the high administrative and infrastructure costs because of the computerisation, it may still be less than Rs 2,000. CAT, say IIMs, will be a candidate-friendly test in terms of flexibility in the selection of test date, ease of registration, better physical environment and test experience, and enhanced security with biometric identification of candidates and video monitoring.
"We have signed an MoU with Cisco to make an investment in GIFT and help us evolve our technology platform. The American giant is likely to invest over $2 billion in the project," a top government official of GIFT said. Cisco is also expected to pick up some stake in the project. However, the details are still being worked and it will take about three-four months to finalise the deal, the official added.
The equations would take change completely in case a third front forms the government. Many experts feel that banking, insurance and healthcare will not be impacted whoever forms the government.
As part of its focus on developing startups across the world, Goldman Sachs is looking at training and development of around 29 select women entrepreneurs in India.
Asked if it is looking at the Maruti 800 and the Chevrolet Spark segment, Nigel E Wark, executive director, marketing, sales and service, Ford India, said: "Yes, we will be launching the small car in this segment broadly, but there are sub-segments and this is where we will differentiate ourselves. We will be competing in the largest volume segment. India and China are the two markets where small cars are in huge demand and we will be focusing on these countries."
RIL is aiming to revive its 350-odd outlets in Gujarat and Maharashtra by the end of April, followed by the rest of the country. The company may sell only these two products for some time. The company had closed all its 1,400-odd retail outlets through the country last year, after sales dropped drastically due to its inability to match the subsidised prices offered by state sector oil marketing companies.
In a bid to increase efficiency, telecom major Vodafone Essar is set to relocate over 1,500 of its employees to Ahmedabad from all over the country.
Mumbai-based SP Jain Institute of Management and Research has announced that it will provide initial financial assistance to the tune of Rs 20 lakhs (Rs 2 million)to any of its students who wishes to don the entrepreneurial hat. The business school has set up an entrepreneurship cell in association with National Entrepreneurship Network.
Firms like Abbot, Piramal and Bayer India have made their presence felt at KJ Somaiya Institute of Management Studies, Mumbai. Increasingly, pharma companies are finding it easier to recruit people from B-schools for jobs in marketing, human resources and finance.
Analyses cricketers' valuation based on their attributes.
Going by the adage 'necessity is the mother of invention', business process outsourcing knowledge process outsourcing units in Gujarat keep finding unique ways to cut cost amidst economic slowdown.
Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.
Consolidating on its 500-year-old legacy of providing quality education, The Society of Jesus (SJ) (popularly known as Jesuits) has applied for a Central University status with the Ministry of Human Resource Development (MHRD).
Case study suggests strategy to offer 'maximum bang for the minimum buck'.
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