"One IIT that is not affected (of this global crisis) is IIT Guwahati. The institute has had a policy of not allowing financial companies to make campus recruitment for many years now," IIT-G director Prof Gautam Barua told PTI. "The logic is that this is an institute producing engineers and scientists, and it will provide support for employment to its students only in organisations that can usefully utilise their expertise," Barua said.
The new managing directors will assume their enhanced role at the investment banking firm with effect from January 1, 2014.
Fears of an economic slowdown in the US, and a consequent spread of the crisis to Europe and other parts of the world, resulted in oil prices falling over 12 per cent since Monday, the largest weekly fall since early 2004.
Some major private sector banks, such as Deutsche Bank, Yes Bank, Kotak Mahindra Bank, Standard Chartered Bank, and financial institution Industrial Finance Corporation of India (IFCI) are in the race to buy the Rs 500-crore standard loan assets and investments of the Industrial Investment Bank of India (IIBI).
Atherstone Capital Markets has come up with India IPO Index, which is an index of companies listed on the stock exchanges.
In March this year, he quit to start his own firm for equity syndication to cater to small and medium enterprises in smaller towns. Huzefa Sitabkhan, who was working with one of the domestic investment banks (i-banks), left to start PNR Consulting, an advisory and consultancy firm for equity and debt syndication for SMEs.
For the next two years the whole world, including India, is expected to reel under the effect of the current financial crisis. Here's how it will affect us in India.
Manu Kumar Jain, India head, Xiaomi, tells Sangeeta Tanwar how the Chinese smartphone maker won over the Indian market.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
JP Morgan Chase is planning to slash nearly 21 per cent of workforce and lay off 4,000 employees by January at Washington Mutual, which was acquired by the investment banking major in September.
The encounter made me think once again of the force and total hold of Facebook and Myspace on generation next.
The world's two largest economies, the United States and China, will again win most gold medals at the Olympics and Britain will push Russia into third place in the overall standings, Goldman Sachs predicted in a survey released on Monday.
Industry bigwigs and corporate heavyweights have been scurrying to get the best students for themselves. Naturally, salaries are headed north.
Property sales have been sluggish and the sector has been facing headwinds. So, firms are in wait-and-watch mode.
The institute has managed to get its batch of almost 300 students, which is the largest batch among all the IIMs, placed in a record 4.5 days.
In the first half of 2008, Indian companies accounted for a total of 34 US-bound acquisitions worth over $5.1 billion, US-based Virtus Global Partners said in its latest report on US bound acquisition by Indian companies. However, the volume of deals dropped 15 per cent to 34, from 40 in the H1 of 2007. Over 70 per cent of the transactions involved acquisition of 100 per cent stock for cash consideration.
The two had signed an operating agreement for cross-selling each other's products recently.
Few market participants will stick their neck out to give a target for the Sensex during Samvat 2065, a stark change from the last year, which reflects the overall mood in the Indian equity markets.
S P Jain Center of Management invites applications for its one-year, full-time, Global MBA Programme.
Global investment banking and securities firm Goldman Sachs has expressed interest in acquiring equity in Delhi-based SpiceJet even as top sources said talks for a merger with Kingfisher Airlines are on track.
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.
In a clear sign of how global recession has affected placements, Day 2 of the Slot Zero at the Indian Institute of Management-Ahmedabad saw consulting firms emerge as the clear favourite over the traditionally-preferred investment banks.
Beleaguered investment banking major Merrill Lynch's losses widened to $5.15 billion for the third quarter ended September 26, 2008, as write-downs to the tune of $9.5 billion took a heavy toll on the bottom line.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
For those who believe only grey cells set apart leaders from the rest, there is another hair raising observation among corporate America that most of the successful CEOs including Pepsico's Indra Nooyi part their hair to the left, says US business magazine Fortune.
Though OVL has made a solo bid of about $2.5 billion for takeover of Russia-focused Imperial Energy, the overseas arm of state-run Oil and Natural Gas Corporation may rope in a company like Rosneft to win Moscow's approval for the acquisition, London-based investment banking sources said. OVL is mindful that no company can be successful in taking over a company having assets in Russia unless it has the backing of Moscow.
A senior executive with global investment banking giant Goldman Sachs, Sanjay Patel, has been named among the UK's 20 most powerful fund managers. Currently in his second spell at Goldman Sachs, after leaving it for an alternative asset management fund house GSC Partners, Patel is co-head of Goldman Sachs' European PE and Indian capital equity businesses. Patel returned to Goldman Sachs in February 2006.
Goldman Sachs has amassed $2bn to use for property investments in Asia, a move likely to intensify competition for assets in fast-growing markets such as China and India.
The list of contenders for this job include Vikram S Pandit, currently Citigroup's investment banking head and a former Morgan Stanley investment banker, and Shaukat Aziz, formerly the bank's global private banking business head and most recently the prime minister of Pakistan, according to various media reports.
Some facts you should be aware of before you opt for S P Jain' new management course.
Mumbai-based property developer Oberoi Constructions, led by billionaire Vikas Oberoi, is planning a Rs 4,000 crore ($1 billion) initial public offer by year end. Vikas Oberoi, also known as Vikki Oberoi is at the 707th slot in the Forbes annual list of billionaires with a wealth of $1.7 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.
Spiralling oil prices will exert huge pressure on India's balance sheet of inflows and outflows of resources resulting in a three-fold increase in the current account deficit to 4.7 per cent of the country's GDP in fiscal ending 2009, a Goldman Sachs report said on Wednesday.
Some lenders in talks with LIC for pvt placement
Shares of Ranbaxy Laboratories on Thursday fell 7.67 per cent on the Bombay Stock Exchange to Rs 552.25 at close, after top investment banks like JP Morgan and CLSA said the out-of-court settlement with Pfizer over cholesterol pill Lipitor announced on Wednesday would delay the launch of the drug in the US by well over a year.
Morgan Stanley, which separated from its Indian partner Nimesh Kampani's JM Financial, has poached four senior executives including managing director of investment banking V K Bansal, from its erstwhile partner.
Pushing through structural reforms in the face of opposition from its Left allies is a challenge for the UPA government, but reforms have a chance after the next general elections, says a report by global investment bank Lehman Brothers.
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