Five post-graduate programme (PGP) students of the Indian Institute of Management, Ahmedabad (IIM-A) have set up a Private Equity (PE) and Venture Capital (VC) club to help students get hands-on experience by involving PE/VC players from India and abroad. Unlike finance clubs run by most B-schools in the country, this club exclusively focuses on PE and VC funding.

The lack of opportunities and experience in the PE and VC space led five students to set up the club called ‘Leverage’. 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.

“We came up with an initial skeletal structure of the PE club by looking at institutes like Harvard and others from the Ivy League. But the end product has been entirely our idea of how a PE club should be. Although we prefer to call it an interest group for the time being, we plan to run a full-fledged club with more activities soon,” says Anirudh Singh, a member of the club.

“PE as an industry has boomed in India and we plan to invite speakers to the campus, hold conclaves, workshops and other events to provide a platform for the students and corporates to interact. Also, we are looking forward to hold intra-institute events, where the students can write an investment proposal and a panel of faculty members can judge them.

We have no restrictions when it comes to corporates as we would be involving both top- and middle-level players to encourage more and more activities in the field of PE and VC,” says Gagandeep Singh, another member of the club.

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.

The club also has plans to tie-up with Post-Graduate Programme in Management for Executives (PGPX) students to getter a better perspective of private equity. “The PGPX students would be able to share their experiences about private equity and with their support, we plan to involve ourselves with the corporates in a deeper way through various activities, including projects and case workshops,” adds Anirudh Singh.

The club is in talks with a few corporates, who have shown interest in sponsoring the club.

“We are considering more options for funding besides the institute and the corporates we are in talks with. Currently, we are in the stage of gauging the responses from the people about the club,” says Anirudh Singh, before adding, “Although we have started out PE and VC, we may consider branching out to other areas like micro finance later.”

More : business-standard.com

An innovation expert from the Massachusetts Institute of Technology (MIT) will be visiting the Indian Institute of Management, Ahmedabad (IIM-A), in November to promote the importance of user-based innovations in creating successful companies.

“India and Indians residing worldwide have a wonderful record as innovators and entrepreneurs. I believe users tend to be the real developers of many important products. Recently, research by my colleagues has shown that many new companies are started by users who become entrepreneurs. Learning about how user innovations foster the creation of successful new companies will be very useful information for IIM students and others in India,” says Eric von Hippel, professor and head of Innovation and Entrepreneurship Group at the MIT Sloan School of Management and professor of Engineering Systems at MIT.

It will be his first trip to India, which he also intends to use “to forge closer contacts with my colleagues at IIM-A, who have very similar research interests”.

The lecture is part of a two-week long ‘Inventors of India’ workshop by the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at IIM-A. About 70 inventors and innovators of all ages and technical background are expected to be present at the event. Premier institutes could also be called to participate at the workshop.

“Eric will participate and may give the inaugural address at the workshop. In addition, he will interact with the faculty and students and explore possibilities of collaborative research. Apart from visiting some grassroot innovators, he will interact with our incubatee companies as well. Several things are being planned and we are quite excited about his visit. Also, we may ask institutes like National Institute of Design (NID) and Mudra Institute of Communications, Ahmedabad (MICA), to pitch in,” says Rakesh Basant, chairman of CIIE and a professor at IIM-A.

An expert in Principle of Developing Economics, Eric has made two of his books available openly on his website at no cost to the reader: Democratising Innovation, published in 2005 by the MIT Press, and Sources of Innovation, published in 1988 by Oxford University Press. Leading companies in the world have used practical methods based on his research.

Hippel is also expected to meet grassroot innovators at SRISTI, an NGO founded by Anil Gupta, a professor at IIM-A. Incidentally, Gupta too would be lecturing at MIT as part of the Amy Smith’s International design and development course on July 16-17.

More : business-standard.com

India had 840 Business Schools (B schools) from March 2002, which have 65,000 Masters in Business Administration (MBA). A survey by Cosmode and the World Series Indian Institute of Management (IIM) Ahmedabad in the first top-10 B-schools in 2003.

– IIM Bangalore, Calcutta, IIM, IIM Lucknow, National Institute of Industrial Engineering, Mumbai, Management Development Institute, Gurgaon, Xavier Labour Relations Institute, Jamshedpur, SP Jain Institute of Management and Research, Mumbai, Faculty of Management Studies, University of New Delhi, Delhi, J and Shailesh Mehta School of Management, Indian Institute of Technology, Bombay, follow Indian Institute of Management, Ahmedabad. According to the survey, the main factor that separates a top school is the rest of the Faculty and teaching, the others are research, publication and consultancy. On an average edge of the addresses of schools B-50 full-time professors, 73 percent with a promotion. The second phase of the school has 24 full-time professors, 47 percent with a promotion, while the third stage, 17 full-time teachers, of whom 35% have a doctorate.

The number of books published by the school average of 11.53 with the top-15, against 3.28 for the second phase of 25 schools and 1.08 for the remaining 60

On average, Management Development Programme Guidance and revenue amounting to Rs312.84 lakh for the Top 15, Rs42.38 lakh for the next 25 and Rs6.49 lakh for 60

February 11 - Ahmedabad, India - India seems to have stumbled on a new mantra to increase their international relations - Training diplomacy. And the dream of travel east of the Indian Institute of Management Ahmedabad (IIM-A), the quasi-ambassador of India in the field of education to more than a dozen countries in Asia, Africa , Asia and Western Europe.

The Union Ministry of Foreign Affairs, the Institute has a list of countries where the IIM-A for the implementation of plans roadshows for its Post-Graduate new program in the areas of management for executives PGPX, which starts in June next year.

At an early meeting of IIM-A officials and foreign ministers Shyam Sharan in New Delhi last month, it would have, according to reports in Fanshop donations to these countries and candidates to the rope for the program “, an effort to help India to strengthen diplomatic relations with these countries. ”

The year of a program aimed at executives selected by the GMAT and personal interviews, a dose of 50 to 70 students, including 25 percent of foreign participants are expected during the first year. The process to achieve in March, when the authorisation procedure for the course begins.

The list includes some of the neighbouring countries of India - Nepal, Bangladesh and Sri Lanka - and in Indonesia, Malaysia and France and a number of countries in West Asia and Africa.

“There is throughout the world focuses on vocational training Post-Graduate character, and the MEA, seeks to strengthen strategic alliances with these countries indicate that they thought IIM-A as a trademark. The program could be a starting point to begin the long term - in the field of education alliances. to the Institute, it is a big step towards our plans to go international, “says an IIM-A Don.

“The Institute is currently in advanced discussions with MSAs,” says an IIM-A source.

MUMBAI, India — Rediff.com India Limited (Nasdaq: REDF), one of the leading worldwide online providers of news, information, communication, entertainment and shopping services for Indians, announced the appointment of Rashesh C. Shah as an Independent Director to its Board. Mr. Shah has also been appointed as a member of the Audit Committee.

Mr. Shah is currently CEO of Edelweiss Capital Limited. He also serves on the Boards of several Edelweiss subsidiaries and other companies. Edelweiss Capital is a leading financial services company based in Mumbai, India, whose businesses include investment banking, securities broking and investment management.

Mr. Ajit Balakrishnan, Chairman of the Board at Rediff.com India Limited said, “I am delighted to welcome Rashesh to the Board. He joins us with extensive experience and strong financial skills generated from his career in the financial services industry. His expertise will be of great benefit to the Board.”

Mr. Shah is an MBA graduate from the Indian Institute of Management, Ahmedabad, and holds a Bachelor’s degree in Science from the University of Bombay. He is also a Diploma holder in International Trade from the Indian Institute of Foreign Trade, New Delhi.

In an attempt to consolidate its international network with universities and enterprises, the Indian Institute of Management, Ahmedabad (IIM-A) is now a super-take of international affairs as “Confluence” is probably already in November 2002. After the campus, this initiative is an abandonment of the ordinary management festivals, where as a first-of-its-kind initiative of the Wharton Business School, Stanford and other universities in India and Asia to manage International festivals. , Indicates a spokesperson (student) IIM-A: “Together with the case presentations, there will be a number of workshops from the company for executives and business management strategy for brand all students on campus world, it would be fitting to execution. “According to the spokesman of the event is an attempt, a global business experience for all businesses and students from the campus under a single management roof. “That’s why we’re not just limiting our initiatives of the Business Case papers and games”, informed the spokesman. The campus is also to launch online ‘live stock Game to simulate an environment of online commerce in collaboration with business leaders welcoming demonstrative for the implementation of workshops on some of the challenges of today. After the campus, other participating schools are part B, MIT Sloan School of Management and Asian Institute of Management, among others. “initiative in the direction of the workshops are given equal importance to four hours to take the time devoted to exchange knowledge and experiences with industry professionals to work” Said the spokesman. After the campus, the initiative to rope to help institutions of the prestigious IIM-A the leverage synergies for the future higher education and the interactions of the project. Comments on the new initiative, said a trainee SP Jain Institute of Management Studies and Research in Mumbai: “The initiative should be sufficiently safeguarded by a cell to initiate the constant interaction with international institutions in education and industry at the international level. “One-Stop annual initiative is not enough to create a lasting relationship with all these educational institutions and businesses.” indeed, it can only end in an ad hoc promotion, ” summarizes trainees.

Aviva Life Insurance (AVL), with its headquarters in India at Gurgaon, 14 in the Grand Place Places to Work Survey 2004. The survey, conducted by Grow Talent Company, in conjunction with the Great Place to Work Institute Inc. in the USA, working space on a scale of points based on the combination of quantitative and qualitative data. Two thirds of visitors came from consulting the staff and one third of additional materials by the organizations. AVL, employs more than 673 AVL focuses on the use of interpreters high because of lack of expertise in the field of business insurance.

The company is 40-performing mid-Level Manager embarked on a programme acceleration Leadership in Indian Institute of Management Ahmedabad.

Forty junior and midlevel was director of the rotation programme development. AVL, the failure rate of less than 10 percent against 15 percent of industry

Patna: After a post-top B-School Lalu Prasad’s invitation to advise on the management of its students, railways umworben Minister of the Academy of Lal Bahadur Shastri Mussoorie underway.

Lalu Prasad, turned, with the loss of workers Railways a profit-making, is optimistic about his new avatar as a visiting professor.

Lalu Prasad’s conferences are invited not only in India but also abroad. He was invited to a conference at a seminar organized by Harvard University in New Delhi next month.

Later in the month, is expected to address IAS sample in Mussoorie. It is expected something more, invite him to conferences.

Lalu Prasad, said Sunday: “I’m on my way to visiting professor. I am a student under management of railways and its success. This is a new task for me, but I am confident I make a mark. ”

Detailing his schedule Lalu Prasad said: “I will make a speech at the Indian Institute of Management, Ahmedabad, on 18 September. This is a great opportunity for me, for teachers and students, as the Indian Railways started making profits. ”

Lalu Prasad said he may be a railway “in the armchair IIM, Ahmedabad.” This is the promotion of research and rail transport, “he said.

Former Paris-based School of Management was interested in a case study on the station disruptive minister. General Electric CEO Jeffrey R. Immelt Lalu Prasad asked to commend its efforts to manage the huge railway network, and to improve services without hiking rates.

But Lalu Prasad not to miss an opportunity to dig in one of his political rivals Bihar Chief Minister Nitish Kumar, was also a former minister of the station.

“How is it that nobody has asked for a conference?” , Demanda he says.

Lalu Prasad credited with turning point for the happiness of railways with a cash reserve of Rs 110 billion € for the year ending 2005-06.

It is too happy, the Indian Institute of Management - Ahmedabad (IIM-A), with its students from the mass arrest of intrusion during internships and even a disc marginal increase in the average wages.

McKinsey and Company offers the highest wages in India RS 14 lakh per year, three students, an increase of more than Rs 50000 of last year. The highest content of a foreign company was $ 82000 per year, Capital One.

The average salary in India have increased slightly by 5.9 lakh last year to Rs 6.2 lakh RS this year. Although student placement co-ordinator Raj Subramaniam could not cite the average content of the foreigner, he thought it easily fall this year.

“Last year, a student received a salary of $ 1.55 lakh a year by JP Morgan Chase, which guarantees a considerable leap in average wage foreigners,” said Subramaniam.

“This year, nobody has such offer, because the average may fall.”

“In a time when overseas job opportunities have decreased considerably, we received 39 foreigners this year,” says the director of the Institute Bakul Dholakia.

“This offer can have a Business School around the world, but the placement agents in preference to us that even in a time when the global recession remains.”

Sources IIM-A committee of the placement and another said he received IIMS, only half of Foreign Affairs. IIM IIM Bangalore and Calcutta, said he received only 20, everyone.

The year 2002 was one of the worst for the administration of schools throughout the country. Wages have declined by 30 percent over IIM-A as well. Foreign Investment was 67 to 39

“Since 2003, we are increasing our host about 260 students. When they are away for internships in 2005, we can in the additional protocols of staff intermediary, Dholakia said.

Among the main agents of investment this year, Air India was on campus over 20 years, offers jobs in general administration and Citigroup Asset Management, USA, with jobs in Equity Research.

“We have also to the National Assembly Kidney Foundation, an NGO based in Singapore,” said Subramaniam. “Some students have shown interest in joining organizations like this.”

Icici and Lehman Brothers, staff traditional mediator in the IIM-A, has provided the largest number of students.

Although it is one of the biggest batch of 184 students, she manages all of them within four days. “We also managed to more companies on campus this year,” says Subramaniam

West of India has some of the best management institutions in India. The Indian Institute of Management Ahmedabad is considered the finest of India and the Institute among the first in the world. The SP Jain Institute of Management and Research has a strong social orientation, while the Jamnalal Bajaj Institute of Management Studies provides a good interaction between students and management practitioners. Symbiosis Centre of Management and Human Resource Development has a campus in Pune and Nashik and each is one of the few institutions with a quality system certification ISO.

The National Institute for Industrial Engineering techniques and Mumbai is a technique that gives the Training Institute of world class and has set a target design and managers may procedures and sophisticated systems to manage effectively. The Institute of Mudra Ahmedabad-Communication focuses on media and communication in all areas and aims at the establishment of effective communications and integrated, professionals designed for the increasing demands of the media industry.