In business, it’s the early bird that rakes in the moolah. Taking cue from the age-old proverb, two MBA students have turned entrepreneurs even before graduating.

H.R. Sampreet and Saurav Dhiman, second-year students of the Vinod Gupta School of Management at the Indian Institute of Technology, Kharagpur, have launched their own company, Enfount Business Solutions. Their maiden venture is Bulkdeals.co.in, a Bangalore-based online retail window specialising in institutional and organisational buying of laptops, desktops and other electronic items.

“Across campuses, students form groups to buy computers so retailers give them a discount,” said Sampreet. “But this happens locally and in an unorganised manner,” he explained.

The duo saw a business opportunity in this campus trend and created an online platform that is a one-stop-shop for bulk deals of laptops and desktops of all brands.

“Here, students can register and get great deals directly from the brands,” Sampreet said. “We estimate this to be a Rs 200-400 crore market. The brands, too, were looking for a single window to reach out to the student community. We had the business model and wanted to hit the market early, so we started even before graduating,” he added.

The company is partnering with almost all top brands such as Dell, LG, Hewlett Packard, Lenovo and HCL.

The website had over 1,000 visitors in the first three days of its launch and already has more than 300 members and over 20 registered colleges, including all the IITs.

When asked how they plan to balance studies with running a business, Saurav said: “It is all about time management. Our business requires just two or three hours a day, which we can easily put in.”

More : telegraphindia.com

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

Indian Institute of Management, Lucknow today announced its fourth six months General Management Programme for Defence officers. This 24 weeks General Management Programme is the fourth in a series of such programmes being organized for Defence officers, and the first at NOIDA campus. The programme is open to both short service commission officers and others. The programme was inaugurated today at the NOIDA campus by the Major General, SG Chatterji, VSM, Director General, Resettlement.

The response to the first three programmes conducted by IIML was a huge success with all 49 officers of the first programme and 60 of the second getting good job offers. The third batch, which is undergoing placements right now, is also witnessing a slew of great offers. This year after applying the selection criteria 59 Defence Officers from all three branches of the Armed forces have been selected for the programme. Out of the 59 Officers, 7 candidates are Lady Officers.

“Management education to defence personnel contributes to providing defence officers a second career choice after retirement. But the larger role in the national interest is to prepare a disciplined and responsible citizen to play important roles in today’s competitive business scenario” say Prof. NK Gupta & Prof. SC Bansal, Program Directors.

The Indian Armed Forces carefully selects Officers and continuously trains them in the art, science and craft of WINNING. Every year, hundreds of these Officers retire, with rich experience in learning, critical reasoning, objective decision making, creative thinking, leading and motivating people, running organisations and managing projects. The aim of the programme is to capitalize on these skills of the officers and optimize them to suit the corporate world’s requirements.

As in the past, the fourth programme is also expected to generate an enthusiastic response from the corporate world and given the intense nature of the programme it is sure to equip the participants with the necessary skill set so very essential to conquer the corporate world.

The objective of the GMP is to provide the participants with a basic understanding of the managerial systems and processes. The programme has been designed to provide the defence officers with basic functional inputs in subjects such as accounting and finance, decision sciences, organizational behavior, human resources management, communication skills, marketing, strategy, information technology and business environment.

The idea is to familiarize the officers with the requisite analytical tools and techniques; and develop a holistic perspective and global mindset to understand issues of an enterprise.

Source : prurgent.com

Leading business process outsourcing (BPO) firm Genpact has roped in professors from the Indian Institute of Management (IIM) Lucknow to give its employees lessons in management skills and improving productivity.

Through electronically enabled interactive sessions, workers at Genpact’s operation hubs in Delhi, Gurgaon, Hyderabad, Kolkata and Jaipur will learn the finer nuances of management, soft skills and strategic planning from senior professors of the business school.

This is an e-certificate programme in general management (e-CPGM) and there are 119 participants, most of whom have worked for one to three years.

“The objective of this programme is to develop managerial capabilities among people who are at the early stages of their career to enable them to effectively undertake managerial responsibilities,” said Ajay Singh, course director of IIM Lucknow.

The programme is divided into 12 modules. Keeping in mind the requirements of the industry, the modules are designed to create managerial and leadership competence among the professionals. There are 120 hours of e-enabled interactive sessions.

Singh said the programme was being run from IIM Lucknow’s Noida campus, which was being developed as a centre of excellence in the area of executive education.

The India headquartered Genpact operates service delivery centres in India, China, Hungary, Mexico, the Philippines, the Netherlands, Romania, Spain and the US.

For Indian Business Schools with global ambitions, Singapore is fast, hot as a goal. Earlier this year, IIM Bangalore announced its plans for the creation of a campus. And now Mumbai-based SP Jain Institute of Management and Research expects to likewise.

If this SP Jain overall the second incursion within two years. In 2004, the Institute has a campus in Dubai and was the first to offer a full residential full-time MBA program in the Middle East. Beflügelt by its success, it now has its sights on Singapore.

It is interesting to note that both SP Jain and IIM-B-plane orientation of the Indian diaspora in Singapore. Nearly 7.9 percent of 4 million people of Singapore are of Indian origin, this is the third ethnic group by the Chinese (76.8 percent) and Malays (13.9 percent).

IIM-B is planning to target the leaders to work in Singapore is short-term programmes Executive Education and Executive MBA, while SP Jain can be full-time program or an Executive MBA. “What are we going programmes make a bit of localization,” says ML Shrikant, dean of volunteers, SP Jain. “There will be a strong component of India programmes, such as the Modern World increasingly interested in India in the region, “she added.

Both IIM-B and SP Jain plan to fly down right in India. This could lead to a serious crisis of the resource, especially for SP Jain, given that the same option is also Deputy Director of Dubai. “This is probably a lot more pressure on resources, therefore we are in the process of the Faculty employs more,” said Shrikant

Mr. Jain discussed with a select group of business leaders and members of the Indian Business & Professional Council on the theme “The Future of Marketing.”

Regarding its acceptance to the conference at the invitation of the SPJCM, M. Jain said: “In the current momentum and grow rapidly world of management training, SP Jain distinction has rarely achieved by the development and implementation of some of the most prestigious, industry focuses MBA programs in this region. I welcome the opportunity for an institution as prestigious. ”

The introduction by Dr. Dipak Jain, President of SPJCM, Nitish Jain, said: “Mr Dipak Jain is a giant in the global landscape management and training We feel honored, he accepted that his unique vision, ideas and knowledge in the field of marketing. ”

The problem with the collection of Dr. Jain has maintained an excellent exhibition that the public spell-bound sales on future challenges for companies and how they can be treated; Client - centric marketing to attract and retain customers and employees is the only way in which organizations can sustain and grow in the future

NRO Slam-Pharmaunternehmen für die Richtung schleppende Beitrag zur sozialen Verantwortung der Projekte.

NRO, die sich mit der öffentlichen Gesundheit Finger aufeinander zeigen auf Pharma-Unternehmen für nicht genug kills über die soziale Verantwortung der Unternehmen (CSR) Front.

Karmayog, einem der führenden NRO, die vor kurzem durchgeführte einer CSR-Rating von Unternehmen indische top 500, so dass unter Drogen-Unternehmen, nur zwei, Dr. Reddy’s Lupin Arbeit und haben geleistet an dieser Front.

Während die beiden Unternehmen von fünf erzielte drei, 30 andere Droge Unternehmen nicht zufriedenstellend erfüllen. Neun der Unternehmen, darunter führende sind wie Nicholas Piramal, Glenmark Allheilmittel und nicht of Gastes überhaupt.

Aventis Pharma war das einzige Unternehmen, die-CSR Programme eingerichtet für seine Mitarbeiter.

Der Silberstreifen am Horizont ist die Tatsache, dass eine Mehrheit der führenden indischen Pharma-Unternehmen haben damit begonnen CSR Programme, wenn auch nicht in einem großen Weg.

Mehr als 60 Prozent der oder 21 Drogen-Unternehmen, hatte initiiert Programme in den Bereichen Gesundheit, Bildung, Umwelt, Gemeinde-Entwicklung und gesundheitlichen Aufklärung.

Ajit Dangi, Generaldirektor, Organisation der Hersteller von Pharma-Indian (oppi), unterschied sich mit den NGO’s Beobachtungen.

“Die Mitglieder oppi wurden die Teilnahme an CSR-Programmen seit Jahren jetzt. Sei es Naturkatastrophen oder wie Krankheiten HIV / Aids, Malaria oder Lepra, unsere Mitglieder sind immer im Vordergrund”, sagte Dangi.

Die Organisation und die SP Jain Institute of Management and Research hatte, im Jahr 2005 brachte einen Bericht über CSR-Initiativen in der pharmazeutischen Industry, fügte er hinzu

The Indian Institute of Travel and Tourism Management (IITM) provides a short duration of course, after which the candidates can be empanelled as a guide. Guide license has been granted both at the state and central level by the Department of Tourism. They hold examination according to their needs and advertise in leading newspapers. The test consists of Erlangen in general knowledge, history and culture, etc.. For further details contact directly to the tourism department of your choice.

In recent years, employment opportunities is increasing dramatically in this industry in the country. All travel services, including travel operators, travel agents, hoteliers, restaurateurs, adventure tourism and leisure providers, the manufacture and sale of craft items, etc.. require professionalism.

The Government of India Tourist Office and the Indian Institute of Tourism and Travel Management (IITTM), New Delhi, Gwalior and Kurukshetra University offer training tourist guides. These are short term (3-4 months) courses for graduates with a background in art / archaeology / history. Tourism and Travel Administration / Management Course is supported by several institutions, including DU, Delhi, Vikarm University, University Utakl, Sri Venkateswara University, Kurukshetra University, Garhwal University, Annamalai University, Lucknow University, SNDT Mumbai, and so on.

Kolkata, April 8. Faculty members of the Indian Institute of Management, Calcutta (IIM-C) are companies in their opposition to the Union Human Resource Development Ministry’s move to reduce taxes.

Prof. Asish K. Bhattacharyya, Dean (planning and management) of IIM-C and spokesperson of the Faculty, told Business Line, the Faculty of the opinion that the tax was cut under the autonomy of the Institute, which is registered by the association as a body independent, and not a hotel.

Professor Bhattacharyya said that there is an option of the Faculty, have resorted to legal measures. “We are considering all options. The judicial process is not a privileged, but we are obliged for such a measure as a major group of IIM-C,” he says. ”

“We also ask, Mr YC Deveshwar, president of the Governing Council on its draft resolution on reducing fees. IIM-C Faculty strongly believes that the Department of command on the subject was not a” mandatory “At the Institute. Approval for the new session at the IIM-C would begin in late May or early April.

Mr. Deveshwar, it is scheduled for April 16 Faculty.

In addition, the Supreme Court today directed all six IIMS to submit their comments on the issue of reducing costs by 16 April. The summit also court fixed the hearing of the public interest litigation on the subject, the same day. IIM-C response to the Supreme Court directive on the fee reduction would be completed early next week, according to the Institute of sources.

Prof. Bhattacharyya said: “We are discovering, through legal formalities, if we ever move the court”.

Regarding the issue of autonomy of the Faculty representatives pointed out that the memorandum of freedom of association and rules of IIM-C had clearly stated that “the general superintendence, direction and control over business of society (IIM-C-Gesellschaft) their income and property is vested benefits to the board of directors of the company, which bears the name “Board of Governors.”

The Faculty Council has estimated that the chairman of the Board of Governors, has been specially assigned by which they make, the resolution, Mr. Deveshwar could not as a “compromise” the autonomy of the committee. “The Institute of revenue, academic freedom, decisions concerning the students’ teacher-report and the curricula could not part of the area of the state,” he observed.

Prof. Bhattacharyya also pointed out that the IIM-C Faculty had a position paper of the Government in question to move in a reduction of taxes and the question of autonomy over a month ago, was the distribution to the officers.

The Faculty Council of Indian Institute of Management, Calcutta (IIM-C), Tuesday, a petition before the Supreme Court for impleading itself as co-respondents in the case of PIL against cut costs, for HRD on the Union in all Department of IIMS Government of the European Union.

Hearing on PIL is scheduled to begin on 16 April.

The IIM-C Faculty decided to representation, whoever may be made by the Board of Governors of the Institute. Prof. Asish Bhattacharyya, Dean (planning and management) of IIM-C and spokesperson of the Faculty, said the Business Line, there is a clear difference between the opinion of the Faculty and some members of the Board of Governors Tax on the issue of interface and the exercise of autonomy of the Institute.

The Faculty Council felt that the independence of representation should be addressed to bring the case before the Court of art.

“The Faculty feels that some members of the Board of Governors can not exercise their independent judgement in the interest of the institute. It is therefore responsible for the faculty, for the interests of the Institute, its teachers and students present and future, “Spokesman.

The Faculty Council, in its application at the end of court, said that “autonomy have so far by the Institute in the pursuit of excellence, not by any political or bureaucratic influence, it would be possible to l ‘Institute, to achieve their current status.

The Faculty is therefore every interest in ensuring that these non-interference in its affairs under way should continue, so that the Institute could be the target, without distraction. ”

Prof. Bhattacharyya also stressed that for the question of standing was concerned, has always questioned, the respondents in the previous hearings, the Institute of the Faculty was better placed than the Alumni Association of the IIM - C. He said, however, were Alumni of transition assistance of the Faculty.

The IIM-C Board of Governors In the meantime, was unable to formalize its response to the Apex Court directive last week for a model to 16 April.

According to some sources, the technical problem of convening a meeting of council is therefore a period of 15 days.

The director of IIM-C and the chairman of the Governing Council understood to have discussed issues related to the Institute’s response to the edge Court directive also as a form adoption of the resolution drafted by the presidency.

The fate of the planned meeting between the Faculty and the president on 15 April seems uncertain, given the evolving situation. Informed sources suggested that IIM-C could try for some time by the Court of art for its presentation, but is optional.

How IIM, Ahmedabad, the Supreme Court today for some cases, pressure on IIM-C, for a formal presentation.