IIMs have received over 170 lateral offers ranging between Rs 30 lakh to Rs 60 lakh in the first two weeks of their placement season this year.
Lateral placement, placement for students with work experience of a year or more, at the Indian Institute of Management, Calcutta, have seen newer entrants from the industry in the race this year.
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Sebi has been engaged in a long-running case with Sahara group over refund of more than Rs 24,000 crore (about $five billion) collected by two Sahara companies from more than three crore investors through issue of certain bonds.
Sebi has been engaged in a long-running case with Sahara group over refund of more than Rs 24,000 crore (about $five billion) collected by two Sahara companies from more than three crore investors through issue of certain bonds.
The Indian hockey team entered the Olympic semifinals for a second successive edition but Lakshya Sen's zealous push for a gold turned into a hunt for bronze on a bitter-sweet Sunday for India at the Paris Games.
IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to Rs 6,368 crore in the April-June quarter, compared to Rs 5,945 crore in the same period a year back, according to a stock exchange filing by the company.
The Railway Board has reduced the speed of semi-high speed trains Gatimaan Express and Vande Bharat from 160 kmph to 130 kmph till the automatic train protection system gets operational.
During its summer placements in 2006, six start-up companies had visited the IIM-A campus for the first time, of which six students had interned with them.
Premier educational institutes like IIMs and IITs may be taxed for the placement charges they receive from companies. Tell us your views!
Hyderabad-based Indian School of Business (ISB) is off to a flying start this season. Citi Group has offered an analyst investment banker's position with so far the highest offer of Rs 40 lakh per annum, followed by a Rs 33-lakh offer by Parthenon Group, a consulting firm.
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With the rise of ultra-luxury housing in India comes ultra-customised marketing. Developers selling high-end homes, priced above Rs 20 crore, are moving away from traditional marketing for these homes to newer methods, such as painstaking profiling of customers before showing them the property, augmented reality for visualisation of interior decor, virtual tours, and closed-door international shows. There is also marketing through online ads, social media influencers, and exclusive memberships.
French organisers turned Paris into an open-air Olympic playground where everyone was invited, with or without a ticket.
'We are in a position to start due diligence and private data room access shortly.'
'Mankind's experience, sharpness, and execution will make it happen. We are not going for short-term gains.'
The selection has been completely based on academic and administrative prowess and with a vision to take universities ahead, they said.
Corporate India raised decent fund via debt in April.
In 2007, a year in which the inflation figure had yet to become the finance minister's Friday fear and crude oil was not hogging headlines, the placement salary spike was 10 per cent. What makes the jump this year even more impressive is that it does not take into account the offers from international companies, which typically dish out more than domestic recruiters.
The Air Force Wives Welfare Association and the ICICI Bank on Thursday joined hands to launch a dedicated placement website which would provide a platform to the members to accomplish their career ambitions.
Beating the slowdown, chartered accountants (CAs) have bagged jobs with top-notch companies in the latest campus placement drive, which has also seen more newly qualified professionals get jobs.
Satwiksairaj Rankireddy and Chirag Shetty hardly broke a sweat while defeating the Chinese pair of Chen Bo Yang and Liu Yi to win the Thailand Open men's doubles crown in Bangkok on Sunday.
The Indian duo needed just 35 minutes to beat Lu Ming-Che and Tang Kai-Wei of Chinese Taipei in the semi-finals of the Super 500 tournament.
Many domestic and foreign companies in banking and financial services, consulting and consumer goods are believed to have written to the Indian Institutes of Management, requesting them to waive participation and recruitment fees.
Rising costs, service tax and recognition of their own increased brand value has prompted most Indian Institutes of Management to raise placement fees this season -- in some cases like IIM Kozhikode's -- even up to 25 per cent.
The imposition of service tax on premier educational institutes like IIMs and IITs for placement charges they receive from companies is still a grey area as the interpretation of a relevant notification lay with jurisdictional commissioners.
Led by a new generation of entrepreneurs, India's family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology, healthcare, and retail stocks. This new wave of family offices is engaging in stock market investments, including pre-IPO placements and secondary market operations. "Born into a world of technology, the next generation, especially those born after 2000, view technology as equally crucial as finance for running a business.
Leading stock exchange BSE has decided to discontinue Stop Loss Market (SL-M) orders from October 9 to prevent erroneous order placement arising out of manual or algo trades. This came after a recent freak trade incident caused a lot of angst among the trading community earlier this month due to an SL-M order. SL-M is a type of order that automatically sells or buys a security at the market price when the trigger price is reached.
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The global financial slowdown, perhaps for the first time in recent years, has forced premier B-school IIM-B to extend the placement process for the second week, which otherwise would have been completed in the first week itself. Industry sources say this is the problem with most other IIMs as there is not much of demand for the elite management graduates this year.
This year, IIM Ahmedabad, the largest and most prestigious of the institutes, has seen a 50 per cent slowdown in placements on the coveted "day zero" (the first day), probably for the first time since the dotcom bust in 2000.
Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.
'These companies hired in high numbers last year and are balancing that out this year by recruiting fewer freshers.'
At a time when corporate slowdown is hitting headlines, IITians are happy that the effect of the weakening dollar has not made any impact on their pay packets.
